Member Info for Catbert

My target price is £12.

If the underlying system is a copper porphyry of equal scale to the Titanium cap then this is Australia's Rio Tinto.

Kutzz, I agree.

The Lanstead payments are our sole source of revenue.

Given that these are based on the share price, the board's number 1 priority should be the management of the share price.

In the medium to long term the share price will be a reflection of progress on our various projects however in the short term it is investor sentiment which is the key driver of share price.

I don't see how the board can continue as they are -playing for time in their self created news vacuum. If there is no action to address the share price and to fully inform PIs of exactly where we stand then for me this is negligence.

Hi Kutzz, They might take some flak but that is what leaderships are for. They are supposed to take responsibility for the outcomes of their decisions. Not that all of this is on them. But a large part of it is. I think that if they do the right thing and take responsibility then it will be better for all, even if the news isn't great.

I can invest in someone who is honest but people who conceal significant facts are not people who cannot be trusted.

It is a fallacy to believe that silence is somehow acceptable in the circumstances. It is not.

There must be a significant reason why we have no project level funding in place by now.

When leaders lead followers follow.

For us a failure of leadership would be measured by people selling up and moving on and judging by the share price that is what appears to be happening.

I doubt all hope is lost.

However.... with the share price performance I do believe that holders here deserve some sort of announcement or commentary from the board to detail what exactly is happening and what the expected timelines are for the next steps. Not so much news but news about news and an infill about the timelines for this news.

Investor confidence is the item which they need to manage and given the terms of the Lanstead deal it behoves them to act to manage this with the appropriate communications.

My suspicion is that the licencing in Cameroon is possibly the issue firstly for project level investors but also for holders.

Most of the world knows about Sundance Resources and the role played by the Cameroonian government in the theft of this asset. Silence from the board isn't what is needed here.

I think we are owed an explanation of precisely where we stand. We had expected an announcement by now about project level financing. Clearly this has not happened. People are rightly concerned.

Development banks typically take longer than other banks to make a credit decision due to a few key reasons:

Complexity of Projects: Development banks often fund large-scale and complex projects with significant social or environmental impact. These projects require extensive evaluation to determine their feasibility, impact, and long-term viability. The banks need to assess various aspects such as technical feasibility, market conditions, regulatory compliance, and environmental sustainability. This thorough evaluation process takes time.

Focus on Development Goals: Development banks prioritize projects that promote economic growth, reduce poverty, and support sustainable development. As such, they have a rigorous due diligence process to ensure that the projects they fund align with their development objectives. This involves assessing the social, economic, and environmental impacts of the project, as well as considering its alignment with national development plans.

Risk Assessment: Development banks also have a responsibility to manage and mitigate risks effectively. They carefully evaluate the borrower's ability to repay the loan, the financial stability of the project, and any potential risks that may arise during the project's lifespan. This extensive risk assessment process is crucial for safeguarding the bank's funds and ensuring successful project implementation.

Stakeholder Consultations: Development banks often involve multiple stakeholders, such as government agencies, local communities, and NGOs, in the decision-making process. These consultations aim to ensure transparency, inclusivity, and accountability. However, the involvement of various stakeholders can add additional time to the decision-making process.Development banks typically take several months to make a credit decision. My guess is that we are part of the way into that process. This was an answer from ChatGPT about development bank decision making timescales.

The Bibemi resource expansion should be fairly soon and we should expect this to take us over 500,000 oz. This is more or less nailed on as the geometry of the deposition can be extrapolated into a resource with relatively little work on the ground.

Plans for small scale mining are also afoot.

Gold in ground values with a potential mine in the pipeline should see a step change with this asset alone.

Gold in ground values typically range between $30-$70.

Senala results will be pending soon too and these are on a free carry. Senala has a good deal of potential and it is crucial that we don't sell out cheaply there just because the share price is languishing or whatever it is now doing which is a new and very extreme form of languishing possibly closer to disappearing up its own fundament than a normal languish.

Darkest before the dawn is an apt description of our predicament. It's a great entry price now but I'm holding off as I'm already over allocated here.

GLA.

Find the lady.

600,000 2p warrants exercised

600,000 sold at 3.5p on the day of the dilutionary RNS

600,000 bought yesterday at 2.7p

I'm not suggesting these events were connected but what are the odds?

"chlorite and epidote alteration of the host sedimentary rocks is also observed and varies in intensities."

the significance of chlorite and epidote alteration in sedimentary rocks that are mineralized with titanium and iron-rich lies in their role as indicators of hydrothermal fluid interaction and potential mineralization. here are some key points:

1. hydrothermal fluid interaction: chlorite and epidote alteration in sedimentary rocks suggest the presence of hydrothermal fluids that have interacted with them. these fluids can carry dissolved metals and minerals, promoting alteration and mineralization processes.

2. indicator of ore deposits: chlorite and epidote alteration are commonly associated with porphyry copper-gold deposits and other mineralization systems. the presence of chlorite and epidote alteration in sedimentary rocks can serve as an exploration indicator for the potential presence of ore deposits.

3. geochemical signatures: chlorite and epidote alteration can exhibit characteristic geochemical signatures that can aid in exploration efforts. for example, variations in elemental concentrations of titanium, iron, manganese, zinc, lead, and other elements within chlorite and epidote can provide clues to the proximity and type of mineralization.

4. zoning patterns: the spatial distribution and variations in chlorite and epidote alteration can exhibit zoning patterns around mineral deposits. proximal zones may show higher concentrations of certain elements, such as titanium, ****nic, antimony, and vanadium, while distal zones may exhibit elevated levels of other elements like cobalt, lithium, and barium.

5. metamorphic comparisons: chlorite and epidote alteration in sedimentary rocks may have different elemental compositions compared to those formed in regional metamorphic settings. this contrast can help distinguish between hydrothermal and metamorphic origins of the alteration, providing valuable insights for exploration purposes.

by studying the significance of chlorite and epidote alteration in sedimentary rocks, geologists and exploration teams can better understand the nature of hydrothermal fluid-rock interactions, identify potential mineralization targets, and improve their exploration strategies.

my guess is that these cores have been wizzed over to the labs pronto. at this juncture there is so much that we still don't know. however what we do know is that this deposit (whatever it is is massive). furthermore what has driven the processes we are observing at surface is deep seated. the geochemistry will tell us more. some of the possibilities could potentially shift the discovery into the next order of magnitude. gla dyor

Pretty much inevitable unless we're going to validate the Irish find using dowsing.

I wish I'd sold and re-bought but the diamond news is still pending.

On the plus side our two larger investors were mostly in at around 4p but 33% is a bit close to larceny for most holders who were not offered the rights to participate in this raise.

The consolation is the market cap. If we find something decent it will be £250k well spent. The market cap will fly.

Plus we still haven't had the diamond news yet.

Very thin volumes of late. This is on a pregnant pause? Hopefully news to come. Not sure what to make of price action as so little is happening. Anyone got any thoughts about what's happening here?

Base_jumper aka the sock of you know who.

They have other projects besides Pitfield i.e. Eclipse-Gindalbie and Walton which are gold projects.

At a guess they are playing the gold rise story and emphasizing the optionality within their portfolio.

I'm not sure the market understood or cared about that last announcement at all.

Our site has several types of mineralisation.

The Skarn type which was just reported on is at surface and has 6% copper, it ranges between .5 and 20m thickness and extends over 2000m it also has gold in it too.

Sam and the team are defining a large high grade mineralised system with grades up to 7% copper. Most copper mines are more like .5% copper and this mineralisation isn't deep either.

The share price actually went down slightly on the news. Market says Meh!

Perhaps there is a parallel dimension where this all makes sense.

It's gone a bit gloomy for some reason.

Instant gratification in mining exploration? Dream on. It would be nice but it's hardly realistic.

In Ireland we haven't drilled a thing. There's still a way to go there but it's shaping up in a promising fashion. I'm not sure what people were thinking. Was it that we had the next Voisey bay in the bag without turning a drill. All in good time. Hopefully.

In Finland we still await the results of our diamond investigations- possibly one of the biggest news items in the history of the company.

We've just said goodbye to a few traders that's all. Nothing fundamental has changed. Ireland is still on and so is Finland.

We also have two new large holders both in at around the 4 pence level. The price action is the source of stress. I'm going to ignore it.

Nobody knows the future. Lhatojoki is worth the market Cap and more and the rest is all pure upside IMHO.

GLA DYOR.

The data we have from the mineralogy gives our Geos confirmation of the temperature, pressure and composition of the melt magma and also confirms the metamorphism of the environment. This data comes from the chemical composition of the fosterite and chromite found. The most likely setting is some form of ophiolite complex.

In academic terms it adds quite a lot to the understanding of this part of Ireland however we had over 1000 minerals reported in the data. Our Geos will already have some developing ideas about how this setting was created and where explorations might be best directed re potential ore bodies.

Ophiolite complexes can be associated with various types of ore bodies. Here are some examples:

Chromite Deposits: Ophiolite complexes often contain significant chromite deposits. Chromite is commonly found in the mantle section of ophiolites, specifically in peridotite rocks. These chromite deposits can be a valuable source of chromium, which is widely used in various industries.

Nickel-Copper Sulfide Deposits: Ophiolite complexes can also host nickel-copper sulfide deposits. These deposits occur in the layered gabbro and ultramafic sections of ophiolites. They are typically formed through magmatic processes and can contain economically significant amounts of nickel and copper.

Platinum Group Element (PGE) Deposits: Ophiolite complexes may also host platinum group element (PGE) deposits. PGEs, including platinum, palladium, and rhodium, can be associated with chromite-rich layers within the mantle section of ophiolites. These deposits can be economically valuable and are often associated with magmatic sulfide mineralization.

Gold Deposits: Some ophiolite complexes can contain gold deposits. These deposits are typically associated with shearing and deformation zones within the ophiolite complex. The gold mineralization can occur in various forms, including vein-type deposits and disseminated deposits within altered rocks.

Copper Deposits: Ophiolite complexes can also host copper deposits, particularly in the gabbroic and volcanic sections. These deposits can occur as both magmatic sulfide mineralization and as secondary copper mineralization associated with hydrothermal alteration processes.

Yes, there are porphyry deposits in Ireland. Porphyry-style mineralization is found in several regions of Ireland, including the Irish Midlands and the southwest of the country. These deposits are associated with igneous intrusions that have undergone extensive hydrothermal alteration and mineralization.

One well-known porphyry-style deposit in Ireland is the Galmoy Mine, located in County Kilkenny. The Galmoy Mine is a lead-zinc-copper deposit that was mined from 1997 to 2012. It is associated with a quartz-diorite porphyry intrusion and is characterized by extensive sulfide mineralization.

Another significant porphyry-style deposit in Ireland is the Silvermines deposit, located in County Tipperary. This deposit has a long history of mining, dating back to the 13th century. It is a polymetallic deposit containing lead, zinc, and copper sulfides, associated with a granite intrusion.

These examples demonstrate the presence of porphyry-style mineralization in Ireland, highlighting the potential for economic mineral deposits associated with these intrusions.

Polymetalic.

When chromites with inclusions of iron, nickel, and sulfur are found in conjunction with chromites with high zinc oxide levels, this mineral association suggests a complex geological scenario with the potential for multiple types of mineralization. The combination of these features can indicate the possibility of a polymetallic deposit, where different elements may be enriched within specific areas or zones.

The chromites with inclusions of iron, nickel, and sulfur, typically referred to as sulfide inclusions, are commonly associated with nickel-copper sulfide mineralization. These sulfide inclusions within the chromite grains can contain valuable ore minerals such as pentlandite (a nickel-iron sulfide), chalcopyrite (a copper-iron sulfide), or pyrrhotite (an iron sulfide). This association suggests the presence of a potential nickel-copper sulfide deposit.

On the other hand, chromites with high zinc oxide levels indicate the potential for zincian chromite deposits, where zinc substitutes for part of the chromium in the chromite mineral structure. These deposits may contain economic concentrations of zinc.

Therefore, the combination of chromites with sulfide inclusions and chromites with high levels of zinc oxide suggests the possibility of a polymetallic deposit that may contain valuable minerals such as nickel, copper, and zinc. However, further exploration and evaluation would be needed to determine the economic viability and potential of such deposits, as well as the relationships and distribution patterns of these minerals within the deposit.

Was any Pentlandite found? No mention but Chalcopyrite was found.

Mike's statement was positive in every way. The plan has been upgraded and how.

1. Higher production.

2. Expanded resource.

3. Extended life of mine.

4. High value added end product with higher margins and lower shipping and transport costs.

Everything he's doing will add significantly to the NAV and IRR and thus add value to every holders stake by improving the scale and profitability of the project.

Plus we have a funder who will help us to deliver this project.

The problem the market seems to have with this share is that it won't all be done by Christmas.

On this point alone the market is absolutely correct. Although it does seem to have missed the most salient points about what has changed here.

Https://taxation-customs.ec.europa.eu/carbon-border-adjustment-mechanism_en

Thank the EU's bureaucrats for improving the project economics of Grangeberg. These new rules come into force this month.

Does anyone know how many shares RAB now holds? Is it nil or have they just crossed the 3% threshold?