Member Info for CHRI5P

6 months after GGP announced their farm in their resources infered was 8 times more in value than ours and that was giving away 75% to a PFS. At that stage they were 600 times worth more than we are valued at - you don't need to be a rocket scientist to do the maths.

So let's be very clear if Antonina does not deliver and no worthy of getting to PFS stage we keep 49%. If it is a good asset we have 2 really good prospects in the same area but we give up 80% for no more placings. God that is a good deal considering we apparently were worthless.

If Agonina does not get to PFS stage we keep the 29%!

GGP agve away 75% to get to a P FS!!!

Bill it is 51% not 80%

The thing is we are giving away 51% to ge Toral to DFS because we will have $2,000,000 and our partner will need to match what ever we need to spend after we have spent the $2,000,000 in the first stage. The BOD has now got Toral funded to DFS stage for 51% stake, that is brilliant news. Stage 2 might never happen but if we are getting so much for Toral then Antonina in the eyes of our BOD must be big for 29%, however to get an exploration project to PFS is has we know to our cost not not cheap. This is such good news and it is not speculation anymore.

49% what is wrong with me I am so excited

own not only own 41% - were only giving away 51% to get Toral to a DFS stage IMO

I cannot believe what I have been reading and anyone who sold out below 5p today or this year will absolutely regret that move.
It is disappointing that we only needed just over £600k to complete the Toral work to get a PFS. However, for 51% not 80% we are being funded to get past a PFS and $2,000,000 to forward this for a mining license and towards the DFS, the money to get another exploration license for an area next to us and when that is all done, and the money spent and within 3 years they will give us $2,000,000. At that stage we will own only 49% of Toral - this is absolutely fantastic. This is no spike, and you can see by the volume and the trades. Remember there are many weak hands who completely and utterly are fed up with EUZ.
Then we give another 29% of both projects to get Toral 2 let me call it to PFS which we already know will cost a fortune and is conditional on the first stage and may never happen.
This is beyond belief and there should be no more placings until the DFS stage of Toral 1 let me call it because we can use the $2,000,000, we will get to fund the works on Toral 1 to get it to DFS. I suggested letting go of 75% to get it to a DFS but this is better, and we are so close to the first part getting the PFS. IMO 6p by the end of the week and who knows by the end of the year. This is far, far better than I had ever thought would happen

TW was spouting suspension and he was sending letters to the FCA - what a complete nonsense.

Weatherly International Plc (WTI) is a good example and yes it did go bust but the company who lent the majority of the debt at the definitive study stage to construct the mine did absolute everything they could to keep the mine going because trust me administration is not good for the debt holders either so I do feel that there will be a solution to the financing it is just about the amount of dilution the shareholder will need to take. I lost more money in WTI than I care to admit and there were warning signs in the RNS's, but copper was above 3 and it looked like WTI who could just about make the interest payments to keep Orion happy, but they could not pay the any capital back and the life of the mine was limited so WTI was a massive geared and risky play on copper (if copper had risen to 4 and stayed there we would make a fortune). The final nail was a flooded mine which stopped the mine and the copper price collapsed 6 months later anyway, so it was doomed even if the mine did not flood.
The point is that RMM was always a massive bet on copper. I have bought and sold RMM a bit due to my experiences with WTI, but I don't hold any now. DJ is correct in their analysis but there is an entry point but like a falling knife it is impossible to know at what price. I do think the SP will rise on the financing but how low will the SP go down is anyone's guess.

Massive buys today - when does the SP go beyond KAV who have licenses in the same area?

It finished at 1.575 mid-price which is where it will open on Monday unless there is news. High for the YTD, Brilliant

Cassandra29 I agree with your assessment.
Most of the UK fund managers (not those with pensions and insurance like Aviva) have had a torrid time this year. ABRDN is also having a nightmare. The main reason in my opinion is the cost of living crisis - £2 billion was taken out of equity funds in the UK in August alone. Jupiter is not going bust and is extremely cheap but the continuous fall in funds under management due to the tech crash and the cost of living crisis is an issue. I bought more on Thursday at 91.78p because the bad news is in the SP IMO. Yes I admit I got this one wrong at around £1.20 3/4 weeks ago but going against the market can be dangerous but also very rewarding eventually. With Liz Truss in power the cost of living crisis might be reduced and forced sale of equity funds might ease and the world market might also be able to see beyond the rate rises (this tends to happen 12 months in advance). Today we went up over 3% when the Nasdaq was falling which is a change of what usual happens. JUP is a highly geared play on the world equity markets and also the UK investors who are being forced to sell and so is not for the faint hearted and the SP might well fall until both issues are behind JUP or a takeover. On one good news today is a director bought shares with his divi.

B123 I can't wait for the results because this will give details of the Star Zinc royalties

GLR looking good don't you think?

No agenda except I posted 18 months ago and said the SP would fall below 10p and someone reported me for giving my opinion and the SP is now below 10p, that's all.

Let's agree to disagree - we all can have an opinion even me. I will see you at 5p. Probably after the next placing.

I think this post from Bamps21 illustrations the huge cost for GGP and so many more placings will be required. Unless gold hits $2,000 the SP will struggle to go above 10p and is likely to fall to fair value which IMO is 5p. That's it for me I expect the rampers will delete this post again.

Yes and huge volume - this is a giant move