Member Info for CaveatEmptor

Do you have a link to the interview?

Hello Andrew,

You may be right, but with the US$ being so high against Sterling and the POG breaking through $1,385.00 today, we should be making good profit just on alluvial income and any additional hard rock income would be very welcome so I think that if the POG keeps climbing (or even just stabilises at this level) then we could finally be at a pivotal moment for the change in market sentiment.

We shall see what tomorrow brings...

I think that many are missing the point that the end game for 201, as far as VAL is concerned, is early monetisation.

The one question we should be asking following this RNS is "Do the results of the trial increase the chance of achieving early monetisation of the compound?"

I would respond to this question with a resounding "yes", but will be sure to get confirmation at the AGM, together with how this RNS will affect the timescales involved with any prospective sale...

Half right and half very wrong. There were several participants in the placing. Or so I'm told.

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Funnily enough, still no. Still wish I had his money and his ba**s. Not sure how good he is at cooking though..LOL.

Yes -That's the only Nigel Slater I know?

...And his knack for food...

No, but wish I had his money...

Which was when I posted it...And got ticked off by you about me not knowing what I was talking about!

But don't worry Roses, I don't hold a grudge and we all have the occasional mistimed post.

ATB

Just like saying nobody has a significant number of shares in the company! LOL

Hate to say it, but "told you so!"

Incidentely Nick Slater is a LTH - he owned over 4% of the company back in 2018.

If they still want a mandate to double the number of shares and are willing to offer 20% of these to existing shareholders in the OO then that will leave the other 80% to be offered to professional investors in a placing ( or maybe more than one?).

My problem is that if the OO and placing happen at different prices the existing shareholders could end up paying a lot more for their shares than those subscribing to the placing.

We need to firm up on this at the AGM...

Hello Roses,

How do you know there are no big holders? I know of at least one holder that that I was led to believe owns about 10% of the company equity.

Please post a link to your source of information.

Many thanks in advance.

From my point of view the devil is in the detail and I will vote accordingly following appropriate scrutiny.
I will be at the AGM and will vote according to the arguments presented on the day.

Although I only own a little under 1% of the company, I think my vote will be significant and my future investment in VAL will,by and large, depend upon the performance of the BOD a week on Friday...

Sorry Andrew,

You are correct, I should have said construction would start, rather than complete.

I think I must have been remembering something else that is due for completion around October time and got my lines crossed.

Well, the Ask has gone back to .24p, so must be having some sort of effect...

"During the construction period, we plan to process, those mineral resources which are amenable to gravity processing and continue with the alluvial operations."

So only the administrative red tape to take care of before production starts...How long can that take?

CIL plant construction due for completion between October and the end of the year, so they will have to get a move on if they want to gather all that low lying fruit before then...

Only that it can be separated by gravity using existing, unmodified processing equipment so no reason to delay really, once the production equipment has been set u and calibrated.

Hopefully there will be a smell of ozone at the AGM on Friday.

#lettheexplosivesdothetalking.

Nothing much to say until we get more news...

However with the POG at around $1,350.00 and the US$ at 1.25 against sterling we should get a good price for the unsold alluvial gold dore bars and once the low-hanging hard rock has started to be harvested ( if not already?) then the cash income should start to flow with our 23% share of the profits.

But without an official update, all is currently just pie in the sky.

Now, back to sleep...

I find it so difficult, perhaps 'sad' is a better word, to find that so many people invest their hard earned cash without understanding even the fundamentals of PLCs.

The share capital in the company has been issued at NOMINAL value of 0.1p per share. This has absolutely nothing to do with the actual SP at any point in time. As there are 752M shares in the company this means that their NOMINAL value is £752K ( at 0.1p per share.)- Again, nothing to do with the SP or market capitalization of the company.

By seeking a mandate to issue shares up to a NOMINAL value of £752K this means they can issue up to 752M shares, regardless of the individual price they get for each share when they are sold.
Bottom line is that they can double the issued number of shares in the company. If the SP were 1p then they would be able to raise £7.52M.

So it is very much in the interests of the company that the SP is maximised in the short term...