Member Info for Burt777

Wasa sadly you were suchered in and many fell for the story as it sounded exciting and also research on heap leaching seemed pretty easy and low cost.

What I told you came to pass , basically the ore in the pits has to high a clay content and it’s to variable to get the heap leach process right it’s why Ashanti gold sold it.

I never ever thought I’d see the day bill would be on the boards bitter and twisted like the rest of us ! I actually started selling bill when you sold 1 million quid at 14P area to ‘participate’ or wipe some loan you had to them , I sensed then you knew your shares and investment were in danger and you hedged yourself.

I truly believe you thought this would work however.

What I want to know bill is your honest view of why they cannot extract the gold commercially ?

Is it bad cell design ? Bad equipment? Or just bad stop start mining ? Can we have the truth of your view as when you were chairman you basically put out a 50,000 guidance !! Then could not even get a few thousand oz out all year ! That’s a staggering misleading statement one you must of overseen.

So like others I don’t really understand how you are not taking responsibility for the absolute fantasy that was put out to Market ? Can we have some kind of apology or was it a case of when your in the club and inner circle you have to dress up failures with future optimism.

One thing for sure is Emma Priestley’s cannot survive or any of the management team , it needs a takeover so bill your a rich man if you believe in this redeem yourself and get control and repay the shareholders you so badly mislead

And now I think you prob deserve to experience what we all have here , it’s ironic actually !

Or were you just strung along by them as well bill ? Was it just a part time gig for you , I mean you had the money and clout and contacts so how did you let it get to this ? You’re an industry veteran. Or supposed to be , I invested off the back of you so did Wasa

But now we see your losing money it’s a realisation a lot more is going on than meets the eye as I suspected all along !

You have obviously not really factored PYC moving into different revenue streams , the increasing revenues and loss’s narrowing and the possible future developments with partners like DoseMe

We only need someone to give us something multi year or even a grant.

Essentially the only reason FAB took off is it got a 5 million grant out of the blue. Without that it was a similar proposition.

But one thing you need to learn about AIM is the current SP mean Zip unless you need the money.

I doubt they will see it as worthwhile diluting at this level as it’s basically so undervalued.

There are other avenues available and they have heads of terms on something.

The facts are yes we might raise money but it will prob be off the back of something and a lot higher than today’s SP

1.5 million pounds this is valued at ,

I have a very good feeling that in the worst case we raise more money 1P like before on substantial news

DoseMe now have a vested interest in us

I think lots more bigger contracts will land soon.

Aside from that of Jim and Peter wanted to raise at this area and dilute us further then I think they owe it to shareholders to explore a sale where they stay on.

Even if someone pays a paltry 5 million for this it’s worth it.

The SP is bombed out and suits nobody to raise down here in the future they will almost certainly not want to.

The company is in a lot better shape than 12 months ago and I would say we will be ok here and do quite nicely.

Like I always say on any good substantial development this will double one morning , simply because theirs no liquidity , it won’t take a lot !

King thanks for your take it’s exactly what I hope and why I am here.

Let’s hope this is our time , certainly the signs are good and the business is on the right track !

I had 1% of FAB at one point at 4P average and sold for a 10% gain as didn’t see much happening then a 5 million grant happened.

I could see the same happening here as PYC does important work

PYC hopefully will have its day in the sun soon

Theirs absolutely no justification for it to be valued so low and often you find it’s because people worry it needs more funds

I think it’s proven to potential investors that it’s going in the right direction.

It will act on a few catalysts

This is where Peter and Jim will be well aware they need to think outside the box

Diluting shareholders at this level would be failure for me

Raising more money around the 1P mark is more likely

Really all we need is one bigger deal / Grant or investment or collaboration and a FAB style scenario will arrive and so will the Herd

This company has made great progress this year so it should be rewarded by the market soon enough.

I feel something will materialise in the coming months

Steve I appreciate the sacasm on that as it’s shut ! Either way just looked and very happy !

This should be trading at least 3000 area

Share by backs and gold moving up should get us there , it’s broken out

£2500 of selfs big wow

Someone buys 10 grands worth the SP shoots 10% up

Because theirs no liquidity you muppet

Couple of trades as usual for low amounts

Of a few buyers rock up they will have the same problem and push it up

People selling down here this level prob have no choice

AIM is a funny old game. But if they get some decent company making news out this will so 200% quite easily. For now it’s a case of good progress made so far.

But we need a catalyst

But I don’t believe sotolo is a holder of 2 million quids worth of stock for sentimental reasons ! But could be who knows !

30% of production hedged is quite common

Sadly out of HOCS control at the time and 50,000 oz a year

Oracle you do realise how over the top you are and aggressive to anything resembling a balanced view , got forbid if anyone really negative comes on here which I don’t believe me and sotolo are.

Been around miners long enough to know it’s not an easy journey. Rarely do things go right ! As HOC have found over the years !

Let’s celebrate gold been higher ! Should send all miners up Monday

I predict gold back up over 3400 next week then higher highs

All boats rise even leaky ones like HOC !!

Exactly what I said , wet season November to April

So when they potentially get this up to steam they run into heavy rainfall for Q4

Just a transfer same time stamp and price

Also the guidance for Brazil was 100,000 per annum this year

So given

H1 has produced 28,000 of gold

At full tilt you would expect 50,000 of gold H2 and it’s the rainy season in Brazil October to April so you’d of thought H2 would be less weighted.

So best case scenario 78,000 if all was good

But given the next month is minimal production and it’s. It even producing yet take 20% off 50,000

So we can safely say 68,000 Oz

But ………..

It is stated Brazil will not reach full production levels till end of Q4

So why is my estimate of 50,000-60,000 oz pessimistic

I think of anything is more likely see the lower end of my estimate of 50,000 as more likely !!

Their are three years of 50,000 Oz’s of gold

This year 2025 50,000

2026 50,000 Oz

22027 50,000 Oz

All stipulated by the banks at the time with a collar somewhere around $2100 and year 2 $2200

These are off memory but close I believe

So in essence I agree with you 2 that is company level hedges

But sotolo’s logic is it was taken for Brazil

So all in all Brazil makes no money this year either way if you follow sotolo’s logic and actually loses a lot of money due to the hedge as the AISC will be above the hedge

Or you put the hedge in a company perspective and it’s a very small part of production and most producers are forced to take them by the banks who finance them !!!

Would like to make peace by again reiterating that I value this 220

But accept I am wrong as the market values it 290 as its forward looking.

But roll forward 6 months I might well value this 300 area if Brazil is up to speed.

I would love to bet Brazil will be between 50,000,60,000 oz I think it’s a sensible estimate. Would actually be a good result.

Nice to see metals rebounding today and looks like they will go to higher highs now.

GLA here

So really today proved my point

Good data

But Canada effecting this stock early

But likely to catch up with the pack or tomorrow morning

Steve I really am right on this one

EDV is listed on the Canadian exchange if you look at when it opened along with America EDV plummeted again as their stock exchange was down 1% on open

The data was good for gold today !

Hence same pattern of recovery

Your right on the data

But you didn’t get my point that Endevour is sensitive to the Canadian exchange hence why it dropped on a 6% swing yesterday at 2.35pm

Half was the data as you say but half the drop was weakness on the Canadian exchange

Either way gold is well up today so should have a good finish here

3% up my guess

Golds going back above 3400 over the coming days and to higher highs

Well said , someone with a balanced view

And to state 220 is the price I think it’s worth

The market values it currently based on the future

However my central point is Brazil would not be up to speed till 2026 which is confirmed by the conference call

So I think me saying 50,000-60,000 oz is perfectly sensible which is break even stuff at Brazil at best

One thing I disagree on is the hedge , although it was taken out for Brazil financing its group level , if you applied the hedge to Brazil only then Brazil would be losing a lot of money based on 50,000-60,000 oz

AISC is likely 2600 dollars area when you factor everything maybe more.

If you use the hedge for Brazil it’s losing a lot of money

At least 500 dollars per Oz

My view ! And mainly it was a painful drop for most miners

Are you not aware this is a chat board

Anyway I’ll leave you two live in lovers who are in love with the share to it. You’ve seen me off well done !!

Positive views only

Steve you’re missing the point I’ve raised.

I give up

Sometimes the rise happens when the analysts have had time and the market rebounds

I need to check the RNS but if they are continuing share buy backs and a new ones been announced that wlll also be a bonus for the SP

Steve I follow this daily

Your wrong

When the TSX opens if it’s got a deluge of either buys or sells it spikes either way

What data are you on about ? The fed was last night

This was up 3% then the TSX opened and America and it went down 6% from the high in a flash crash

This was an obviously buy at 2250 area for the dust to settle

Lots have seen this before it’s because the TSX market effects the price here and it mirrored our bad start where the price action went from minus 3% to plus 3%

Tomorrow I expect gold will of moved back over 3300 to around 3320 at least and this share will be back testing 3400

It’s due a big rise after those results

The conversation was centred around the ounces at Brazil

You two guys are been wildly optimistic

I have been quite sensible in suggesting 50,000-60,000 oz what is wrong with that ?

My reasons are that it takes time to

1) install the equipment

2) troubleshoot and optimise the new equipment

3)get the plant back up to speed

Then during this I expect down time tinkering and a few probs.

End of the day I’m not disagreeing that this isn’t going to improve from 2026 but till then it’s just trundling along at a fair valuation

What I meant is I value it at 220 if I was going to buy

The market values it at 277 so I watch and follow debate and learn.

But what I don’t get is that you two are aggressive , defensive and don’t allow any other opinion but your own !