Member Info for chippyjo

I guess that depends on where we are with the progress which they seem reluctant to tell us.
Not happy that I can't make the meeting.

I'll comment on Teds post. I thought the idea of the decline shaft was not just to increase the underground tonnage but to allow open pit mining to be carried out further east where grades were better and the current shaft enters the ground. So the whole zig zag theory came from where?
Won't even open the discussion about the money spend onverticle shaft upgrades which i think were never detailed to shareholders.

Hi BB yes i did think the same but maybe this is why sales haven't been forthcoming. If the test facility isn't able to run at capacity it doesn't look good.

Interesting point DW what was the exported energy and sales from Stade and is it still running.
All info the BOD could have provided to support sentiment which they refuse to do.Got to question their motives with the news blackout.

Hi Bumble, I’ve just re read that RNS and it doesn’t say it was switched off. Unless in my hung over state I misread it.
It did say they didn’t want to push it to xxx due BOP. Maybe the real issue is clarity.

The real issue is are the management capable of turning this into:a money maker for us rather than them with the large salaries....

BB early 17 Kore ran for a very short time due BOP shortcomings. It took a while for shareholders to be made aware.
Not getting into an argument but I asked a specific question in my 2205 post.

Bumble, the fca consider news that would shift the share price 10% as reportable. Do you think they have met that singular test when and since Kore was shut down?

Hi Bumble, I think there was plenty that was newsworthy in the intervening period.
Manage expectation and they could also have given power production and run time figures. Otherwise we are at the same type of point as when Kore was shut down and they didn’t inform the market.
Anyone in receipt of that news at the time had a pecuniary advantage.

I thought the payment from southern was to cover the engineering exercise only.

The Company can draw down up to a maximum amount of £500,000 in any 60 day period. The maturity date of the Convertible Loan Notes is 42 months from the date of the Instrument. The Convertible Loan Notes are issuable at a price of £22,500 (representing a discount of 10% to par value) and are convertible into new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at a price equivalent to the lower of:
· a 25% premium to the volume weighted average price ("VWAP") on the business day before draw down; or
· the lowest VWAP from the three business day period prior to conversion.

I read that as there is a 25% factor built in in favour of the financier.

Yes that’s excessive in the extreme!

It’s snowing in Moscow today....bloody brexits fault

Don’t disagree with your posts today bagel.
The lack of regular information has driven the price down and now raising at this level where in my view it could have been at a better price with better comms
The CLNs could be a good means of raising funds or a nightmare. Time will tell.

That sounds like an election manifesto from Bond the man who has not been so straight with the facts autumn 17....

Pandy I’m a negative poster at moment but that’s wide of the mark saying doomed.
Finance in place, proven 2 years longevity. You wanna see some other steaming piles of do do on AIM

Some better posting from you Nap, us pissed off people are not all vermin and it’s been a hard slog for most here.
But the really hard bit is getting the cash in the bank.

So there is no good news on the PLACE metrics. If positive news was there it would have supported a better fund raise. Rubbish really rubbish...

There’s not really any fighting by shareholders at all. We are sitting impatiently waiting for that useless BOD to finally do something positive with the assets.
It took a year for the ownership negotiations to be kicked out and a new funding carrot has been dangled.
Tangible progress is what is lacking. And don’t say be patient, I’ve been here a long time....

No smile, he has put us in this position by deliberately pissing money up the wall on non core work.