Member Info for Anglebox788

Am I correct in thinking it’s cash flow that’s important in real life beyond the semantics of P&L and balance sheets, cash is something you can use either to invest or pay dividends?

Indeed Bickmaster, there must be some inferred resource from the > 18000m drilled so far surely?

I’m also concerned re time scale, unless this has been subcontracted to Stark to build the pilot plant, also concerned that we will have to complete this project with the “rainy season” to cope with, a tall order considering GR hasn’t delivered on one recent timescale never mind actually procurement and construction of a large scale mechanical plant. My other fear on rereading the RNS is the “ discounted rate” for the value of the initial produce which is not listed at this point, the cynic in me says Shouzou turned a blind eye to GRs share grab for a healthy discount on the end product, both detrimental to the private shareholders. Initial response was what a great RNS but it appears the markets are yet to be convinced. Hmmmm. Hopefully I’m completely wrong and still holding, but I’m not expecting to pay the mortgage off anytime soon.

Pb6… Comment says more about you than anybody else sadly

Are we expecting another RNS or have we had quite enough life changing news for one quarter?

When GR releases an RNS our SP has been known to tank 10%, especially after leaking fake news to our resident rampers and the real contents to his pals, at least that RNS seemed balanced considered and well backed up with figures and facts. Only my opinion of course …

Kodal

Great RNS from another Li prospector this morning, lots of detail on costings with realistic predictions as to costs and potential earnings, why can’t have one like GR rather than the waffle we’ve just had?

“Potential” “possible” “in due course”
Nothing new, is this the wording that has taken so long to finalise, very disappointing. Sounds like GCSE English Literature exam answer for a student that couldn’t be bothered to read the book, you’re not fooling anybody -result - ‘U’

Thanks for the link Degrasse

Bit of free fall going on here, more than individual investors taking profit? If there’s a leak it doesn’t look like a good one, will do well to recover back to blue today at this rate

Now now children play nice

Acker- by cooperation do you mean agreeing not to bid against each other - a cartel?

I agreeJenkoo, I thought for once SK may have been right. Still have this nagging fear that GR may excel himself and release some left field RNS about MNH, RHA or Circum and the SP will tank agaIn, maybe I’m just stealing myself just in case, but surely even GR can’t muck it up with such consistency, but maybe that’s his forte?

Morning Snowking, did you get a reply to your email to GR?

Indeed Redtrade, the BoD are expecting SP to be far north by the 0.5p placing so they can then ultimately buy the shares at huge discount, but if that’s the case we Private investors should hopefully be very happy by that point with minimal effect on Sp of uptake.

Welshy - I agree, but why bother awarding shares to yourself if company is not going to thrive?
Still would have been nice if this bit of news was tagged on the end of a blockbusting RNS and we wouldn’t feel so robbed and SP would rocket on the back of the good news, he really doesn’t give a **** about the private investors who pay in our tax paid earnings to bankroll his ineptitude.

Is this the directors simply dipping their hands in the till and taking a free pay rise without any shareholder input? I’m sure I’ll get shot down if I’m wrong

Bickmaster and Snowking, thanks for your considered opinions, I find myself siding with Bick’s argument but my heart wants SK’s, maybe have to reconsider what my exit level is. A touch of reality isn’t always a bad thing

I rest my case Vetta…..