Member Info for CarefreeCarry

I'm not that old Ranger. Thatcher had snatched the milk by then.

It explains his immediate deflection when the differing statements about grade averages in the same RNS was pointed out to him - struggles to comprehend English.

Is it any wonder that Ranger can't comprehend English when he doesn't know the difference between a verb and a noun, adjective, preposition or abverb.

Passed - Verb - past tense of pass.

Past - Noun, adjective, preposition, adverb.

Noel - My SIPP is held with II. I believe the "shortfall" referred to in the T&Cs is when a Company raising funds is oversubscribed.

The statement describes how a pro-rata allocation is managed during a share shortfall event, specifically for customers of Interactive Investors. In such a scenario, the available shares are collectively "pooled" and then distributed among all account holders who are entitled to them, ensuring that each investor receives a proportional (pro-rata) allocation based on their existing holdings or application size.

This mechanism ensures fairness when the total demand for shares (e.g., in a new issue or corporate action) exceeds the available supply. Interactive Investors typically outlines these procedures in their terms and conditions or specific event documentation, ensuring that all clients receive an equitable portion of the limited stock.

Ranger - From the RNS :-

"The batch had an average grade of 15.6 g/t Au and has been sold to a local gold ore processing plant in the Arequipa region.

Notably, the 10 tonnes from block 1 reached average grades of 63.6 g/t, following assay by the plant's metallurgy laboratory. These represent the highest grades yet seen in the mine."

The batch had an average grade of 15.6 g/t Au - not reached average grades of.

Block 1 reached average grades of 63.6 g/t - not had an average grade of.

Can you think why that might be?

Ranger - The lab takes samples from the 10 tonne block and calculates the average gold content of each sample. There will be a number of averages of which 63.6g/t was reached by one of the samples.

Ranger - You need to add the word "reaching" to #3.

When reading the actual wording in the RNS it doesn't suggest that the average grade of the 10 tonne block is 63.6g/t.

Retired Banker - Jim Mellon selling his holding and the cyanide contamination are the main reasons that the SP trajectory stalled IMHO. Drachs has reached it's 20% target which has also contributed. It would have been alot worse if they hadn't been snapping up Mellon's shares. All there in TR-1s so not a conspiracy theory. So it would seem that SP is now mainly AIM PI driven, hence low volumes with traders jumping in and out creating spikes and dips.

Lee - 6.5m shares still. 2 years to dividends after holding here for almost 10 years. SP is therefore irrelevant to me, it does what it does.

. . . are mining physical gold.

Posters on here are creating comedy gold 😂

Glad I'm invested in the company mining physical gold.

The SP has gone broadly sideways for the last six months which has been a traders dream. It is also the reason why it is prudent to spread your investments.

I still have all my MTL shares, 6.5m accumulated between 2016 and 2022 for an average of 1.63p.

That's certainly possible Helx2.

I have purchased 13.7m shares here for £56k since 24th Oct 25 giving an average of 0.41p

Probably not but if you'd bought another £919 worth of shares last week, you'd be well on your way to recovering your initial purchase here by now.

You've got to own shares to be able to make a profit.

That's why I'm showing £8k+ now 👍

C_F - Register with Hannam & Partners to gain access to their research notes. It doesn't cost anything.

Dsrt - If you've watched it twice you'll know that they've bought a million "bucks" already.

You'll have seen him state, "We're building what we think will be the fastest growing gold and silver royalty group in the market, and we're leveraging off 7 years of hard work, building four very successful gold mining companies, thanks to the amazing support of all of our 1400 investors."

"So our style going forward, any gold company watching this video, we're open for business. We will sign a binding term sheet within 7 days of site visit and funding within 30 days."

"We've already incorporated a binding agreement with Kefi within two weeks of incorporation of Chancery."

Here the bit where he talks about the three, $10m, tranches that you seem so confused about.

"So, each 3%'s 10 million. We're putting the first 10 million down right now, the second 10 million in 30 days in sorry 3 months and the third 10 million tranche in 6 months time."

So if you' ve watched it twice, how have you not managed to understand a word he said?

Definitely worth a watch. Dsrt could certainly do with watching it 😂

Not at all Sakura7, as you seem to respect Benjamin Graham's views, I was just highlighting that we don't need to pay attention to the short term SP movements because the true value will be appreciated in the long term.

A principle that I have employed for the last 31 years.

Sakura7 - Do you remember that Graham wrote that the owner of stocks should regard them first and foremost as conferring part ownership in a business. With that perspective in mind, the stock owner should be unconcerned with erratic fluctuations in stock prices, since in the short term the stock market behaves like a voting machine, but in the long term it acts like a weighing machine (i.e. its true value will be reflected in its stock price in the long run).

Wise words.

Merry Christmas.

I have Sharezy. It's like using an add-blocker for the first time. No more annoying pop-ups. I wish I'd used it years ago 😂

All the best everyone 🎄

From the YT video, Jeremy stated that the 1st $10m is immediately, the 2nd $10m by end of Q1 2026 and the 3rd $10m by the end of Q2 2026.