Member Info for Awax

Wondering if any timeline for +40% ramp up of production will be given. Particularly if tungsten price moves positively.

Anyway tis beer o'clock...…….couple of extra Theakstones, been a good week!

Yes hobione really wasn't too happy having to average-up in recent times. Always kept the faith here, just didn't like the bb, excepting a few of course!

The old Roxi holders aren't getting excited yet. Tis still not even at half-price!

In the background to all this, there is the serious matter of what actually is being produced in Georgia. Does it really matter now if figures and progress update is given? Everyone knows of the potential, so would it really make any difference in the courts to give some sort of basic update? Perhaps YJ can have a word just to let us have a snippet?

Yeah Johnno, why would you look at an asset valued at $8/oz in the ground for 2 million ounces wouldn't make sense would it? Particularly as you have big production plants in Nic trying to spin gold from clay?

Any day now regarding the commencement of production at this mine which will supply at least 11% of global non-Chinese tungsten. As has been quoted before some sp predictions based on the selling price of our supply.
A reminder of the Davy research.......
250$ 7p
275 9.8p
300 12.14p
325 14.56p
350 17.08p
375 19.6p

Has to be a TRO, otherwise there will be nothing left to fight over in court. The case will then have to go to before judge/jury, or we have the OOCS back as an option. If no TRO then this becomes a different action in the courts, which all sides need reasonably to avoid.

Hope admits that he “objected” to potential replacement lending, does not dispute he helped to cause Plaintiffs to lose investment opportunity, and instead argues his business judgment was sound. Hope’s admitted
“objection” to debt re-financing drives him into an exception to the business judgment rule. This admission damns the Opposition: Hope should have had no involvement in any decision regarding corporate debt because of his conflicts of interest and loyalty to his own debt investments.Defendants offer no facts in response to Plaintiff’s allegations that Hope intentionally interfered with prospective economic benefits, and instead argue (again, without any evidence) the merits of the proposed borrowing, claiming that that debt refinance transactions would weaken or harm the company, rather than preserve the companys’ assets and going concern value. This flies in the face of the fact that in the two weeks that this action has been pending, Mr. Hope has solidified his plan to seize control of the company, using his senior debt to oust the directors and sell its assets. He has admitted he “objected” to the debt financing; he admits he is foreclosing; at the pace the liquidation is progressing, it will soon be too late for this Court to decide

"Plaintiffs have alleged (and Defendants do not dispute) that Hope elected to
protect his investment in the debt of Plaintiffs (through a spider’s web of Hope-controlled entities)"

…..shorters

Oaktree keeping start up and production numbers quiet as already have buyers for the mine lined up? Needs to be minimum 14p imho

I'm not sure people actually knew what they were voting for in these Local Elections...…...can we do it all again?

Don't think you'll be getting these for n n nnn nineteen by the end of May!

What is stopping a third party making a all-share offer for the company, should things actually turn for the worst? As a bod they would need to put the offer to shareholders...…..and the final say is with us, with a single member of the board unable to block? Shares then given to all, with creditors paid out first?
We all have then some shares in BP Georgia, being a subsidiary and we carry on as a small part of a big fish to reap the rewards?

If FRR cannot proceed with new financing as Hope's approval is needed, then surely his "worsening of creditor's position" argument fails. The ability to sensibly re-finance any business has to be an option. Again is he acting in his fiduciary capacity as a member of the board? Ought he not to be able to vote when he has a vested interest? There is certainly a conflict of interest.
Perhaps now would be a good time to announce any good news on revenues, which would show Hope is trying to kill off any success, to his own advantage. And to the detriment of people who have stood by the business through difficult times...….not unlike ourselves!

Watch for the quickly stitched together stitch up between Conns & Comms now for Rebrexit. They cannot afford total embarrassment in any EP elections.

It would be good to have it confirmed that the licence would revert to GG and that any action by Hope could never secure the asset?

cambells….I'm sure that there is a price where MC would sell out, but it's well north of here. His big incentive is to get to £1.50

"Selling oil/generating revenue has to be seen as benefit to business and any creditors"...….AND obstructing every effort of the rest of the bod in doing so, is also not acting in a way which supports the business. It's now May and any sensible director, thinking of his fiduciaries, would at least have settled this by now. Judge in Cali will certainly not look favourably on this behaviour...…..he technically still is on the bod believe it or not!

Selling oil/generating revenue has to be seen as benefit to business and any creditors