Member Info for cjmorley

Me too :-(

Whilst I don't expect any firworks this week, it would be nice to see an end to sells (churn).

There has been a significant amount of publicity over the weekend, just hoping for a nice steady rise as we build up to the news RNS's :-)

I think a minor oversight. The 'near term calayst' shows early Q2 "Hanc--k mining lease granted'

As I said earlier it would have been a massive task to rewrite/ammend the presentation.

"But which drafting contains the more up to date information; the e-mail or the presentation? "

The re-writing of the presentation is a major peice of work. Especially given the rightful criticism of errors in the old one.

The email is early August.. I am of the view that this is the most up tp date info.

@yayay

" We may just be guilty of over-thinking."

"we are advanced in legal documentation on one "

To be honest, I can't see anything but a solid positive message here.

"while we have three interested parties – we are advanced in legal documentation on one "

I'm sure we all would love to know who they are????

My money is on Anglo American. Previous RNS's prior to the attempted takeover by BHP Suggested that perhaps heads of agreement had been reached????

For any newbies, this is the email from UFO earlier this month

"phillip, thank you for your email and good questions.

1 we are working on securing a joint venture partner for han**** who will provide the necessary funding

to get the project to decision to mine/mining state.

while we have three interested parties – we are advanced in legal documentation on one –

we expect that this transaction will close – subject to shareholder approval by the end of this month.

2 there are some heritage clearances to be completed – funding will assist in accelerating these –

and our stakeholders in the region are keen to see this project move to production.

3 we recently completed an ethnographic survey of the whole area – not withstanding jv discussions the project is still moving forward.

4 our recent capital raise will allow us to move forward on the pinderi hills project – with focus on silver and platinum.

5 the statement in the rns on further funding is a requirement of the nomad/uk regulators – unfortunately unavoidable.

6 convertible note – in total on notes 1 & 2 we have drawn pounds ~450k. we have not drawn tranche 2 or 3. no repayments have been made.

your frustration is understandable – the company has previously been optimistic in speed of execution – the assets however have value –

and we have engaged some capable people who should assist in delivering their value to shareholders.

regards

guy

I agree yayay. Perhaps an injection of realism after the Email.

If they come good before Oct.. all will be forgiven.

I notice that the time line remains mid September. Patience :-)

An intriguing word change in the 'Near term catalyst' slide.

Old :- Finalisation of Hanc--k funding/ strategic options

New :- Targeting of Hanc--k funding/ strategic options.

Is this more or less positive?

The rewriting of the presentation would have taken a number of weeks I think.

The reference to Q3 for JV info could well have been inserted back in July.

The email was early August and may possibly be more optimistic of release of JV in August as the draft presentation would be unlikely to be circulating amongst directors at that time.

I would not rule out some info later this month.

Either way 6 weeks to wait is no big deal. :-)

Excellent point bdinvestor

" in the presentation, there is a timeline for the development of the han**** project, which includes the objective of concluding the previously announced joint venture discussions in q3 2024."

why didn't they say q3, end of sept.

end of august was too tight

"while we have three interested parties – we are advanced in legal documentation on one –

we expect that this transaction will close – subject to shareholder approval by the end of this month."

I do wish they would stop holding themselves as 'hostage to fortune'. :-)

How can you have a vote on a JV which has not yet been agreed? What would it propose to shareholders?

PS the date today is 16 August!!!!

@steve

Your comment seems counterintuitive

Please explain

@gurkha

"bending the truth on RNSs"

Example please.

The Placing Price represents a discount of approximately 10.20 per cent. to the Closing Price of 0.1225

They are still selling above the .1225. A minimum profit of 10%

Did I miss the actual quotes?

Imbasile.

@lewyman

"Wow a balanced post from cj ."

Why don't you rise to the challenge I have set many times?

Cut and paste a couple of my alledged un ballanced posts..