Member Info for Bridgedogg1

I did notice: Included in other creditors is the sum of €414,000 (2019: €358,000) for unpaid consultancy fees due to FeX Limited a company, based in Hong Kong, wholly-owned by Michael Masterman a Director and significant shareholder. During 2020 consultancy fees of €179,000 were charged to the Group by FeX Limited.

Included in trade creditors is the sum of €42,000 (2019: Nil) for unpaid consultancy fees due to Michael Masterman a Director and significant shareholder. During the year consultancy fees of €42,000 were charged to the Company by Michael Masterman.

Wouldn’t this be a related party transaction? Shouldn’t we have been notified? And WTF? You get a salary why are you paying to consult yourself?

The financial liabilities are a little overwhelming, would have liked a little update about the water fix and/or production figures to ease the blood pressure. Well, the future is bright(er) so let’s see what June brings us.

When you say future income dwarfs market cap - have you worked out what the income will be?

Assuming that it is an alternate version of a drug worth $1bn in sales, what's it worth to the company that produces it?
It still needs to go through phase 1,2,&3 trails. There you need to be able to sell it across all the jurisdictions where the current drug is offered. At that stage the threat of a generic version produced by a competitor is worth paying out a tens, maybe hundreds of millions. Still quite a bit more work to be done before we pull big players to the table.

https://www.youtube.com/watch?v=hBUpnN9p9WU

Something to keep you occupied - IAMGOLD presentation at the 121 conference. Senala is on a slide 15m ins in, otherwise not mentioned. Hopefully ours will be uploaded soon.

Tullow has higher sales, cashflow and production. Its a larger company so its worth more?
For Enquest - Kraken is in decline and Magnus producing lower than expected. Now you've got to pay $$$ to develop heavy oil out of Bentley.

Why vote against receiving the financial statements?

Well the only indication of timeframes was ‘end Q2’. I’ve reset my expectations to what was communicated by the company rather than what was hoped for by me and on this board. Also Q3 is unlikely to be first week of July.., but you never know.... ;-)

I’m hoping that before Q2 production figures we get confirmation of water fix and that we are accessing the higher grades. That’s the clincher for me.

Possibly someone looking to sell on results would be bothered by a slight (perceived) delay. Otherwise the story here is good, important drilling results before end Q2 and Q3.

Seems as though the results for all 3155 samples will be released together. We are also completing the earn of 99% “upon completion of the work to analyse the samples” so it’s not just a case of relaying the results. The level of analysis to complete the earn in could be quite high, it’s not going to be just putting the results out to the market. There will be modelling etc. and a few new investors from the conference may be having a look so we want it to be well a good comms. It should make for a cracking RNS though - Tomorrow or Friday.,
GLA

Maybe they were causing a backlog at the lab!

15.5g/t gold aint bad!

Sounds like they just got the results in - RNS tomorrow? Strange to put something vague out on twit before updating the market.

OK so I calling that - 2pm - it counts OK? :-)

The two weeks was the lab turnaround, not the company. target update.

14 days from receipt/clearance from customs

Should be soon.

2pm approaches. 99% sure im right about this :-||

Touguesten - Can you explain it. I'm reading that every time we PIk an interest payment there is a 3% dilution:

"Should W PIK the November 2020 interest payment, it will issue warrants equivalent to 3% of the fully diluted capital of the Company."

We haven't heard anything about the interest payments since November 2020.

This is the dumbest share on AIM. £36m to get an asset that is barely profitable. more cash on a small drill that they have released very little technical info on. Oh and they haven't paid for it yet. GL to anyone making money on here but cant help but feel another round of spiked in investors to be added to the trough.

Back tot he BR loan.. if we issue 3% of mcap equivalent in warrants each month we PIK the interest, the assuming PIK each month of 2021 plus Nov/Dec 2020 + 3% warrants for the additional loan = 45% mcap of warrants at 0.36p? We havent had confirmation that the interest payments have been taken as PIK but the assumption is that we would of had to - this is also the assumption in the shard report.

Under the amendment agreement, warrants to subscribe for 96,000,000 ordinary shares of 0.1p each on a 1:1 basis in the Company at a strike price of 0.36p (equivalent to 1.2% of the fully diluted capital of the Company) were issued for the May 2020 PIK payment and warrants equivalent to 2% of the fully diluted capital of the Company will be issued for the August 2020 PIK payment. Should W PIK the November 2020 interest payment, it will issue warrants equivalent to 3% of the fully diluted capital of the Company. In addition, warrants equivalent to 3.5% of the fully diluted share capital of the Company will be issued in consideration of the increase in the Loan Facility. All shares issued under the warrant agreement rank pari passu.

Tomorrow 2pm