Member Info for ARahim

Why can't we have nice nomads like these, they created a cave and settled in. The cave shows a red layer of iron.

May be our new nomad will dig a cave in those hills and show a blue layer of copper too. who knows?

https://www.youtube.com/watch?v=DlKIt2A0VUc

High and dry.

No, The volume is very low. There is no indication of mass sales at the moment. It just the fear of the financial statement by the end of the year.

Vol Sold 26,774,543

Vol Bought 32,804,718

Here are the facts from the interview: new company for new shareholders. the existing shareholder will get th delution.

However, executing this restructuring plan may require the support of shareholders. While it presents an avenue for value recovery, it may necessitate a capital injection, potentially through a discounted offering. Such a move could lead to dilution for existing shareholders but would empower the new board to implement its strategy effectively. The willingness of shareholders to back this initiative will be crucial in determining the success of Global Petroleum's transformation.

If there is a JV deal, which all clues suggest there is one, it is already drafted and waiting finalisation at least two weeks before end of March to allow accountants in the other side to include the tax loss in their accounts. K.hill is just to improve ECR share of this deal. if results are very good and cover the whole 10m quartz zone, highly likely, then we may get a substantial chunk of the deal. besides it will accelerate production as it is near ground.

for ECR it is a fast track to production and development of other sites.

For the JV partner it is money invested and recovered from tax losses.

It is a win win.

JV is likely to be announced soon after k.hill results no matter. but good results lead to better deal.

Strap in, the man said. That is what ECR going to do; fly high. Few in here are very conservative with their mood dumped by the long wait fail to see the changes happening here.

ECR is the future. lots of successful gold spots.

Heavily over sold here. Medium term price should be at least 3-4p. Even without the k.hill news and other news this should be 2p by now. lots of good results have not being included in the price yet.

fully funded. gold confirmation in more than 3 sites. very large licence holding one of them is 90 square km.

strong buy and hold, the party has not begun yet.

I guess they fast tracked k .Hill to confirm results before end of financial year. May be something to do with selling part of the business and the tax loss as well. Just a guess as CEO keep asking to focus on exploration results as the are the key for transformation of ECR. a Hill full of gold and £75m tax loss is not something to sniff ....

It is a hill and that may suggest it is an old dome. The 10 m depth quartz is a strong proof of the doom activity in the past.

Oxidized quartz means it is loaded with something among them gold. 10 m quartz is very significant vein unless we hit a near vertical vein. If it is a vertical vein then near surface operations are possible with low costs.

75m tax loss, that is massive amount, we need deep pocket profit company to accommodate that.

In limited trades market MMs become monopolist and dictate offer and bid price. They are the only ones making profit at this level. They drop the price, They raise the price till there is news that could change that.

I don't think conspiracy theory can explain aim problems.

we are in the middle of a deep depression caused by:

1) Covid and the large amounts of money spent by gov's to keep people away from work. that caused inflation and forced central banks to restrict money supply to fight inflation.

2) the surging wars between USA and other parties in Ukraine, Palestine and probably china in the near future.

this caused extra costs on fuel and food and other goods.

in short, small companies in aim they are always banking on prosperity and expansion. but what they got is hard time and restrictions as larger companies are not willing to take more risk and invest in aim companies.

Gold prospecting and production companies are not affected by this depression as gold is always the last resort for investors.

ECR need some luck and a bit of risk adoption form the neighbours to see it through to profitability.

With little trade, MMs are making a kill selling at 0.27 and buying back at 0.25. What a deal!!

41g/t gold is equivalent at 100g/m^3 and that is £6600 for each cubic meter for that staff. it is enough to have the vein stretch a bit in one direction and few hundred meter in length to have a viable mine. Tax credit and some injected cash may bring a strong JV to ECR and start the first production mine.

The gold is there. The capabilities are there. The will to move forward is there too.

Give us a deal and lets start.

The order of the day is still:

Successful Debt Restructuring and issue of equity. 13 B shares so far without counting the cost of the next acquisition of a new oil project and some cash to start working on it = fees of course. I guess we need at least 5m.

I wonder how the new investor if any would look at existing shareholders. They will prefer a new company all together.

if Tom is still around I guess a ton of money won't make a difference as he will spend them doing nothing.

If you neighbour have gold you are likely to have it as well. Here is why.

The magma chamber that created gold works like this.

https://www.youtube.com/watch?v=OHHnykFByzE&t=191s

One thing is certain: when looking for diamonds vents, usually the vent is deep and diamonds originate deep underground about 200 km and pushed up by a huge pressure up; so finding ground surface diamond is always close to a vent somewhere or carried away by water.

gold is deposited where quartz veins exist and these are coming from some depth pushed by hot water and steam. so finding veins at 60 m depth is a sign that larger veins exist underneath. we need to identify the week line in the geology that allowed this veins to exist. surface gold is just the sign of a surface vein being weathered away may be at higher ground and carried down by water. so the search is for three items;

1) what is the source of surface gold.

2) what is the structure and size of the in depth veins

3) the mother of all is the chamber where these deposits may have bigger percentages.

The theory is: gold is melted in hot water and other chemicals and pushed up through existing gaps between rocks. finding morrow veins is always a sign of larger veins. low grade gold close to surface does not mean low grade gold at depth.

https://www.youtube.com/watch?v=61jRy362TrI

An artichoke!!!

what a tax man has to do with an artichoke? Are they hired to do so?

I don't want to hear about this business.

No cash No assets wages for few weeks and another raise is done again. just peanuts. sp should be close to nothing.

This one as well need its own cash raises to define the find.!!!

Too many project for a small company is just like a hot potato in the mouth.

God protect us from further delution.

I've being standing by my bed for long, now I need a w**.

hope not to send an RNS while I am there.

Increased the tempo, may mean increased the:

1) communication with JV to fill the gaps in all his questions. or;

2) communication with Heavy finance 3-5m to finish a drill campaign in one area.

as finance don't need field visits, I guess the first one is more likely especially with the neighbours who already know the area.

I was asking the question, why share holders give new investor fast profit and exit just days after they invested in.

It is very silly to have sp above 0.004p as they will sell and invest again at a lower price and what is left for long term share holders is nothing.

silly indeed.