Member Info for British_Mike

Fair enough Sungam

Lol Slacker. In before Itumbula-1 drill and took all the high risk.... yet here we are post decent helium discovery 77% down on my investment. Reminds me of RKH. Surely we don't have to wait 16 years aswell

Afraid so. This year from suspension and close to administration to raising over £5m by showing some fancy photos, crafty tweets and telling a good RNS story. GEO, FDR and GGP done non of that during early drilling to give investors false hope.

Wouldn't be surprised if they drill one more hole into RS and call end to the second phase of drilling ay RS - so it's left open to coming back. Then soften the bliw by saying they use the remaining funds for the 14 new trnaments etc selling a new story. But, in reality, they would have a tidy £3-4m in the wage kitty and go quiet for 3 years like after the RS first campaign.

Very disapointed, but not surprised tbh.

This wasn't leaked yesterday :-)

Most of us alreasy knew this before re drilling RS.

It's so obvious the £4m is not for RS - only wages and token gesture drilling every few years.

The last raise was enough to drill several more holes into RS and cover till 2026. So why raise 3 times more now? When the assays come back average grades they already got funds to sit silent for years taking their pay. If the know the mineralisation in tbe cores so far was really onto something big they would just drill a 3rd hole after finishibg the first 2 and wait for assays before continuing. The fact they raised now dies not bode well for the RS campaign. They certainly sold a good story to get some new interest. I should have known better.

The maon reg flag was only this year they were close to administration and needed a takeover. Yet here they are £5m in the bank with nothing concrete to warrant it.

Thanks for the advice chaps.

I have no idea about W8-BEN. I just purchased online via Barclays stock isa

Hi, I hold PRE in a uk isa - whst happens if they move to the NASDAQ? Thanks

Actually you raise £4m if the drillung isn't going that great - to secure BOD wages for several years.

If the drillibg was good then they'd drill hole 1 + 2 to 1000m stop drilling, wait for assays and raise at 5p+. This raise is desperation, hence such a high amount.

Hi Smart.

What sort of mc you expect RBW be at when start producing? How much longer before you think they get going (selling) thanks

I did think it quite funny all the posts about satellite images and trying to second guess where wsbn were drilling after stopping at 777m in hole 1. Saying they started hole 2 20m from hole 1 then back to hole 1 to TD then back to hole 2 must be at 800m. Photos of drilling cores at hole 1 this hole 2 that.

Turns out nobody on here got even close to what's actually happening. They haven't gone back to hole 1 yet, they are drilling 200m away from hole 1 and the hole 2 depth only 560m. All this guessing is very missleading. Only the assays matter... not the tweets, fb posts, photos of cores, the well worded RNS's, all the guessing on here... just the assay gradeswill be the truth teller and is all that matters at this stage

Did Havieron cores show anything like wsbn's hole 2 cores that are very different to hole 1?

Thanks Cebo

Cebo - yes I see what you're saying. Yet it depends how you look at it. They drilled hole 1 and seems good, then suddenly decide to step out 200m and your reasoning makes some sense.

However, they seem to have taken a massive risk moving that far down dip. Durely it would be safer to have stepped out 70m to the centre of the dome as they first suggested. Why are we still not drilling the k own center of the dome? The 200m step out should be future appraisal, not the first crucial wild cat drills. If the 200m step out had little to show they would have been slaughtered for taking such a strange risk... moving far away from a known hot spot. The risk may have paid off but I'm not so sure. We still not testing the centre of the dome. Makes me think hole 1 wasn't as good as they first think and decided to test a new area of the dome complex

Now it's calmed down a bit... how come we are drilling 200m down dip? Hole 2 was going to be just 50-70m from hole 1? Bit strange they gone so far from what is supposed to be a massive hole 1.

Lotm - you only got updates hole 1 because they needed a placing. Now the placing is done theres been nothing more than meaningless tweets.

The first assays are expedite - so could be 4 weeks start of October.

Proffesor - the latest tweet "we are very impressed with Core Drilling" ... Core Drilling could simply be the name of the drilling contractors company. These tweets mean jack-all all that matters is RNS detail

What is the name of the company drilling RS? The RNS's just say "drilling contractors"

Yes Pike. I don't want to be negative, just concerned. I also think the silence, including no non-ops update, is hopefully all down to some massive deal going on as we speak.

Thing is once ZPHR have the CPR they are then at the crossroad. ZPHR have mentioned moving into production asap. If papa is correct and ZPHR are wanting to sell up - what happens if nobody puts in a decent offer? They either sit around waiting for a buyer or have to actually start production themselves which means getting experienced oil men/women in to get things moving. I've been in ZPHR for years and not wanting to sit still being diluted to keep the lights on. I have full faith in CH to deliver a successfull outcome and this is the first time I've been concerned about my largest investment.