Member Info for chippyjo

You don't need to leak, it written on the rooftops.
He was bumping this report up and its pretty poor in terms of income potential. As Bick said(we don't normally agree in any way) patchy grades and smoke and mirrors with the copper. He has blown a fortune for zero reward.
Not sure I'd want GR to run a bath let alone a company. The proof is in the results.

Not been wholly honest about placings before tho.
"No there won't be a placing today, its Friday"

I think you'll find the economics are worse with the volume of low grade tailings on their own. Its a supplemental feed to bolster the higher grade underground. The plant running costs would probably make them not viable on their own.
GR is stringing this along.

Micro, the share price as it is, GR is just taking a huge load of cheap shares from the cap.
$150000 equal approx 115000 GBP at 0.15p equals 74.2 million shares per year. Do you think this is sustainable? Because I don't on the current and previous performance!

Tailing, equal 150k$. Small change.
Does anyone remember the bullish proactive interview with GR saying "can't wait to release the report" and "I want to see wolframite leaving aha on trucks" He meant pickup trucks....
The risk reward on the report today doesn't warrant the continued expense. THE COMPANY OVERHEADS FOR THE CURRENT PERFORMANCE IS EXCESSIVE.

We need new vision and realistic financial prudence and control.

Should be called the Barrow report, as the 15 month possible profit could be put in a wheel barrow, In $1 bills

The initial WO3 production is modelled to amount to 2,700 mtu per month from underground mining and the company will incrementally increase to a steady state of production of 6,000 tonnes in month 14.

Its not great is it.GR has already spent money on upgrading the shaft and now we have to upgrade the upgrade. Again, hugely poor project management and fiscal management poor.
I would also like to know where they blew up and mined the open pit last year. Was that where the poor intersections were drilled on the open pit?

Its not actually a carrot. Its a piece of wood painted orange...

Which begs the question, who's bothering?

Lots of A trades today...

In all reality, zulu needs a company with cash, not a dilution based fund raise entity.
Gr was happy to give away our marketing rights for zulu, which if a huge resource would have been a disaster. There obviously wasn't too many offers on the table that day....

So lets just leave things the way they are then, all will be good and when there are 28billions shares in issue and the jv is just around the corner will the penny drop then?
IF GR comes up with the goods in 2 months i will say sorry for my disbelief in him, but the track record so far is clear.
If it makes it easier for you then a vote of no confidence in the CEO and let MF advertise. He hasn't done anything in all fairness to have lost confidence as it seems so far he hasn't done anything at all.
Its the shareholders company, not George alone.

10% its been done.
Certs, easy just pay the fee.
Letter, easy
Resolution, more difficult. It would be like herding cats.
Voting, thats a bit down the road but if you have the bodies on board then its worth a shot.
You can make it sound difficult as you like, but anything worth having is rarely easy in life. Unless your GR...

https://www.entrepreneur.com/slideshow/225890
New blood can equal new life.

I think you miss the implication micro.
Your a happy clapper and have been as long as I've been here.
Unless your trading or averaging down heavily then how can you defend GR and what he has done to your hard earned? I want prem to succeed but GR isn't cutting the mustard. There are many ways to find and alternating to GR, placing an advert would be a start! Mining is a big industry and I'm sure you would also stand a chance of picking up someone from a larger organisation who is either retired on a good pension or winding down from big business. Happens in my industry quite a bit. Gr isn't the only horse in town.

Well my first would be an EGM to call for a vote of no confidence in the board. 75% is to get rid of GR.
Quite frankly, there would be any number of people on this bb board who could do better than GR as he has done nothing at all positive. Compare the rns forward statements over the last 3 years and compare against progress. Let me know where he has met these?
As for practical debate. the x report is coming, the interested parties blah blah. Heard it all for some time now. Success is always just around the corner with GR and never delivers.
I would like an independent audit of GRs expenses to see if there has been any mis appropriation of company funds. That becomes a legal issue if he has. They were very high for an aim minnow.

Well the II variant is still unproven at the moment. I did read your post hypothesising a joint deal but I'm not convinced.
The DL connection doesn't sit well with me either.
Lets see what happens Wednesday, but my waffleometor has been retrieved from the cupboard in anticipation. Lets see how high the readings get.....

So just for clarity CF, your against a further fund raise without a signed JV on either RHA or ZULU. ie just for operational expenses and GR and the other high wages?

Wheres the TR1 notification of holding for that CF?

CF, you seem to think this anti GR sentiment is emotion driven. It's not, its business driven.
Lets make it simple, you have two boxers, one who keeps getting knocked out and the other who does the knocking out. Who would you like on your payroll as a manager?
Those who don't deliver don't survive in the real world. We and prem are stuck in george world.

What we really should be doing is deferring all BOD salaries with associated interest, to be taken from RHA profits.
That would focus the attention on getting it sorted and show the market they believe in it.
Cheap stock for wages just puffs up their holdings and reduces the headroom on a monthly basis. They have little incentive in the short term to increase the share price as well.
Look at say Proxama, sucked dry by a greedy boss. There are many and the only solution is to reign them in.