Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Oh ok - yes agree! Given all meterlogical results back confirmed in his interview before end of Feb 2019 release of revised Jorc. I agree that Bulk Sample news can land anytime plus more drilling results - at this rate one rns per week is guaranteed in the next 4 week for sure. GL - can’t wait and I am hoping revised Jorc is atleast 34mt plus !!
Bulk sample is 4 week delayed ?? You guessing or does Bernard mentioned in one of his interviews today. I heard him mention PFS, more final drill results and finally revised Jorc before end of Feb. Bulk sample is not mentioned anywhere and I am getting frustrated with it as it would be good they could update as it was one of the key milestone in the lastest presentation pack.
This is from May 2018 RNS “The 5,000t bulk sample is continuing with mining on site and the transport of the first 1,000 tonnes of material to the port of Dakar is expected to commence shortly.” Also, intention of the Bulk Sample is to produce final product in the Chinese plant to give us final processing parameters and better understanding of the processing plant requirements which we call in process engineering world process flow diagram - that is how many units of each process plant at each stage required e.g. 1 settling tank or 2 or more - et. that’s my understanding. I believe Bulk is shipped and when results are out they be massive
Last year when I met Bernard at London Investor show and fed back they had digged up 1500t and had planned to dig 5000 by Sep- I fedback that information on this board... we know since that they had some issues with digging due to hardness.. I think it’s been done and dusted. Offcourse an rns would be good to confirm this but Bernard said then he was keen to get it sorted and showed me routes and also roughly told me how long trucks will take to get there on port which all made sense - so given they finished digging this up Nov - then 6 weeks for shipping to port - so news are over due for it !! Would be awesome to get an update pre revised Jorc to keep the momentum until end of Feb - GLA
Would be good if we receive an RnS this week confirming status of this as I am sure it’s been either ready to be shipped or already shipped. Either way to keep SP momentum RNS such as this will help. Also, hoping kod will attend London investor show on 30th March so far not signed up this year for it with few places remaining!!! If they attend I will be going for sure just like last year and feedback here. We need SP momentum here so that when revised Jorc is announced we don’t rise from 0.13p instead we raised from 0.20p plus... GLA
Thanks GFD!! Also hoping kodal will setup stand in London Investor show again this year. I went last year and came back buzzing with confidence after meeting Our CEO. I will for sure take holiday from work if Kodal is coming this year. My average is high 0.2’s but quietly confident that it will come good - Holding is my 11 years of savings. Let’s see !!
Given that usually plant life of 25 years is considered in FEED Studies and when calculating NPV etc for major projects !! I would suggest and agree with earlier posts that even at 1.2mty this accounts to revised Jorc figure of 30mt. Offcourse 1.5mt relates to 37mt. It’s anyone guess but I would say double the resource from maiden estimate 34mt would definitely set us on the right path with over 2000 sample results still over due for further increase in resource in due course... 6 weeks wait now.. GLA especially LTH like myself and thanks to RayG, GFD and others for keeping the spirits up.
I feel that We as LTH’s atleast deserve to know where they have got to with the Bulk Sample and also a date for revised Jorc resource will help put fears to rest !! Also, it won’t hurt if we know how is drilling going on and latest position with respect to funding plans for the processing plant Board is very keen to knock the SP down with an rns when it was flying - now it won’t hurt if they for a change support the SP with some updates RNS
Double standards::: they were so quick to put breaks on the share price with an rns to say Jorc maybe delayed —- when share price was rising nicely !!! Where is the rns now to stop it declining ? Hurting LTHs
In the hindsight - Brimian was 15mt maiden which is lower than ours and now they sit at 103mt! I hope as we have done lots more drilling that ours won’t take 2 yrs to get to a decent level and that with 35km drilled and more going - we will be atleast 50mt or more by end of December when revised figures are published - now that will get things going SP wise Good move by those who have got out and will now pick up cheap shares again though! Unless a sudden takeover bid comes and catches all of them out as this is what happened after maiden Jorc by Brimian that SP dropped and Chinese bid 100m 2 weeks post Jorc!
Also, looking at the presentation what stood out and I take it what market didn’t like is that BGS resource is 103mt against our 17mt !! Although we have drilled over 35km ! My view is that Board has been conservative with Maiden - which hopefully gives us an opportunity to double the resource with more drilling and awaited results from continued summer drilling ?? Anyone else who can agree/ disagree - Rubbish my view plz?
Thank you GFD, Re-looked at the presentation - so their Q4 is ending December 2018. Did they mentioned when “defined resource” will be declared I.e which Quarter as I am little confused ? Many thanks.
Thanks a million to all of you to make an effort to attend and then feedback - I was at investor show in London earlier in the yr and fed back on this board - your observations just align with my observation that Bernie is a genuine guy! Plz correct me “defined resource” target is Q4 2018? Is that correct and if so this means end of December 2018 the latest as not sure if they take FY April -April or Dec-Dec !! Many thanks to answer this Badly burnt with recent decline - 18months wait for Jorc to get back to my average then now 35% down in 2 days - Hurts bad- still I am a believer and God Willing this will come really good for us in the next year or so! So count down to another 12 months of patience begins - unless a big major comes looking for us in few weeks / months ! Either way GLA LTHs Sorry couldn’t make the AGM as was stuck in work - next time though as would love to catchup with u guys !
GL to all who can make it tomorrow - I am stuck due to work else would have for sure come as still holding this big time for the past 18+months I think even I did expected a higher number but after listening to Bernie seems all good — can someone probe him on any takeover interests plz as I note Chinese bid for Brimian came 2 weeks after their maiden Jorc! If I am not wrong! What made my day is that stonedchic has called it a day on this otherwise very sensible and informative Board -:) GLA LTHs and looking forward to hear your input from the AGM
Thank you Chesh, really helpful - hopefully crowd will arrive late Friday and take this to 0.3p. Until then mm’s can play along. Also big boys are having summer holidays I think, they should return and hopefully join the party 1st week of Sep! GLA
Hi, can someone plz with L2 access throw some light on what’s the score with regards to demand versus sell pressure - to me we should be ending 0.27p today atleast but it seems to have stalled - classic KOd though!
Yes Asher but most of us LTHs bought at 0.35p and then did their best to average down still managing in 0.23-0.28 range. That’s at best! Rest still averaging 0.3 or above. I agree that many recently have doubled their investment in just over 2-3 weeks which gives them reason to move on. Personally, I still believe it will hit 0.4p+ if we even get a Jorc before AGM - never mind the size of it! IMO- again GLA especially long sufferers like myself. I wish our CEO cared for us Loyal holders and drop an end of drill results this week to keep the SP momentum! Let’s see
To be honest 50mT+ will be an excellent start for a maiden Jorc. Just not sure if legally they do need to rns all the remaining drill results which they mentioned in the ill timed rns 2 week back, before they add them in Jorc estimate? Anyone who knows? As if they have to rns remaining drill results first then we need that news ASAP like latest end of next Week for a Jorc b4 AGM- if they don’t need to declare then Jorc most probably can even land on 4th Sep!! One thing is for sure - Bernie knows he will be toasted by investors during the AGM if he turns up without prior Jorc even on the same morning !! GLA and especially LTH’s like myself !!