Member Info for bigsocietymyarse

Osaka, you accuse me of trolling but don’t actually state where my (admittedly, but justifiably) angry and frustrated comments are wrong. You say, “ The PFS was commenced then paused because you would waste money doing it without mining licence approval“ and my response to that is why start it w/o ML’s at all, then? It was started long before they we expected them to be awarded so that we were good to kick on once received. You then go on to support my general views. I might be a bloody whinging pest, but I’m only making comments and asking questions that deserve a response from the company.

The thing is, Tony, we already have a JV with Rio in Moz and upon delivery of the PFS our interest rises from 20% to 35%. This would be, as claimed by the company, seriously value adding. Unfortunately, commencement of the PFS was announced in August ‘17 and was supposed to be completed ‘in months’. It’s notable that the SP fall this week coincides with news from the company that they’re working on things that will “feed into” the PFS. We’re not talking about the need for a bit of patience here - some of us have been holding for around 5 years on the promise of stuff coming out of the ground by the end of 2017. The disgraceful delay with the Moz PFS is just one in a long list of missed deadlines.

Given the upbeat message from the company reported below, it’d seem reasonable to expect some serious buying by the BOD at these levels, to show that their interests are still aligned with those of the shareholders (remember those days?) and that they’re not incentivised to keep kicking things into the long grass by trousering a handsome sum in wages in the meantime.

I know how risky AIM penny shares in mining companies are, but this is as close to a scandal as I’ve ever seen.

Portugal: “we hope to lodge the EIA in coming weeks...“ [100 weeks? 150 weeks?] “...and this will be followed by an extensive programme of stakeholder engagement” [lasting 1 year? 2 years?]

“On Moz first... We are working on a number of aspects including on ground and harbour studies that will feed into the pre-feasibility study” AN August ‘17 RNS stayed that the PFS would be completed ‘in the coming months’, which was a VERY long time before we expected mining licences to be awarded.

Now that licences have been issued we’re working on things that will “FEED INTO“ the PFS? is that some sort of joke?! you call this stuff “value adding”? Take a look at the SP, Archer! Yer ‘aving an absolute laugh!

‘Yes’ on the basis that every sell is to a buyer. There’s always someone willing to invest in a Zombie company mining for jam...

Aug 2017: “anticipate it to be finalised in the coming months....will be delivered with a quick outcome”

Sept 2018: “scoping phase of PFS well advanced”

Sept 2019: “priority to progress the PFS”

2.5 years after the feasibility study was started, and which was supposed to take months - SILENCE

Would anyone buy in at sub-2p?

The EIA “will continue in the month of February...” and March, April, May, etc etc? A bit like the Moz PFS which was going to be completed in ‘the coming months’ two years back?

Even allowing that it might be a translation, I think that newsletter reads like a work experience report written by someone in lower sixth using 10 words where one will do in effort to sound clever.

Brexit has been won. Time to concentrate on climate change denial!
:)

Welcome back, Weldon...

Zombie joke - covered in jam...

Essential news at last!!

Classic sign of a Zombie company. Going nowhere, doing nothing, broken promises, missed targets (repeatedly), existing only for the benefit of the wage earners, sorry - I mean wage collectors.

No news is bad news...

I really don’t mean to be funny, Osaka, when I ask ‘so what?’ re; EIT position statement. I’m less interested in the jam next week story, and more interested in why we’re still waiting for last year’s jam. Think the company name should actually be changed to Jam Tomorrow Resources (ticker: JAM)...

Thursdays are common RNS days here. Will tomorrow bring any updates on progress on the damaging problems being experienced, or some long overdue news on why these projects are so far behind schedule. The continuing silence is extremely worrying for anyone invested here. It looks likes this company is either going to go down with all hands or issue a monumental dilution.

CM: I agree. The purpose of the PFS is to support the decision you’re talking about. It should also start to inform how much you need to raise to get your digging underway. Without it there’s no decision. If you can’t afford to finish it you need to raise funds. When the company refuses to comment on progress you have to draw your own conclusions. My conclusion is that Portugal has just been upped in the risk assessment, Oman is an embarrassing farce where most people are pricing 0.0p into the SP, and Moz is starting to look like a dodgy secret. Must be time to announce a drilling program in Finland (remember Finland...?). After all, some meaningful activity promising jam at some point in the future is becoming the only purpose of the company - to keep the BOD in clover.

The Portugal risk shows exactly why we need to end the cover up regarding the Moz PFS. Moz could be the Plan B that needs stepping up, especially as Oman mining op’s is increasingly another dirty little secret that someone is keeping.