Member Info for Coldspy

Start of the turnaround today

Meanwhile the

Company also awaits appropriate policy support to be announced, in order to proceed with the development of

a coal to gas (“CTG”) facility in conjunction with the power plant at Block VI. There are some risks related to

obtaining viable tariffs for power and gas in order to maximise return. Economic risk, however, including cost

increases, is protected through the Gov of Pak cost-plus pricing mechanism.

The Company has very active interest from investors who appear

willing to acquire the mine and jointly develop the power plant and coal to gas and liquid facilities.

Thar has active interest from potential investors

Thanks both re the accounts @ Martinigirl / Acker

Acker / Martini

Any thoughts re delay in publication and suspension

Don't be surprised to see this end flat or even blue

MM's nicking last few cheap ones off those not paying attention

Buy the dip

Anglebox788

SC6 will get us to c. 15m mcap, give your head a wobble old chap

Double it and then add a bit more and you might be in the ballpark

Bottom in.

It's a buy here. Have been buying this morning

Tape looks awful

Chart looks terrible

But I think they are trying to make it look so

I'll be adding bits down here today with the hope of a turnaround next few sessions

Acker, respect your opinion but come on. Morning you called the sells, after that all day was buys, silence.

Some sells late on but 100m buy to end the day. So, it's 6 of one half a dozen of the other really isn't it

Try not to sound like the disingenuous bots that ingest this whole board

Just regular sized sells as holders get bored and the chat board is infested causing holders to waiver in their confidence

No buying though at the moment, however, last week we had 100m 135m 180m 150m buys all printed after hours if I recall. So someone taking up slack in the background

What's cash position like, are they likely to need more before any starts to come in

Month in month out consistency I agree, but that's for 100m+ mcap.

From 8m it's asking a lot to prove that much in order to move

$100m plant churning out potentially 10s of millions worth of product annually. The potential should be 20m, the plant is worth multi mills, we're just far too low for the stage we're already at. Even with debt it's time to show some potential and get moving positively

Thank you

But surely an alternative funding option than trying to place their way through that entire period?

At first sign of grade this has to be at least 40m mcap, or 5 x from here

Easier to raise £5m cash then only 1/8th dilution

Acker what's your view on expected time line to achieve grade and do you think likely they need cash again before it's achieved

We're still washing through the last 800k

Thoughts Acker on today's placing

Price better than previous rounds. We knew it was needed and coming

No sign of extension yet to stated Q2 target for graded production

They have plenty of cash no placing needed

We'll probably get the placing this week and news on rates near end of next.

Hopefully 2m or so does it for now and if they need more they can raise it later/higher

A-bomb no its just caution from a smart MD. Don't promise too much too soon, get it right.

Profitbags you'll know then they have already previously produced at SC6 and higher even. So they have all the correct mixing agents and the science to successfully do it again

Not sure why everyone is obsessed with Acker and whether he's sold or not. Clearly he has but who cares, that's his decision isn't it. Probably holding some but looking to buy back to full holding on a dip. Nervous times for him for sure. Nobody should be making investment decisions based on anyone else though

Excellent update today, nothing to read between the lines, simple and clear. It's too early to confirm grades, operationally everything seems to be working well. Lab will confirm grades coming days and in the meantime engineers keep tinkering for most efficient settings.

Onwards and upwards, from current SP to at least £50-100m mcap by year end is goibe one hell of a journey. The big money arrives over 50m as funds start buying in