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Is any one going to the AGM - and if they are, would you be kind enough to give a summary (I don't think it is online as well)? Also not sure if they are going to do any presentation after the formal bit!

Many thanks

So quick to pin that down - thank you!

Alex refers to minimum of $2 per ounce - assuming that this is in relation to "inferred" resource of a project (the first of the inferred, indicated and measured, which I assume is the maiden JORC) AND assuming that Endeavour entered this JV with initial targets in mind - would you agree that an initial payment could be due within the first 12 months?

Sorry for all the assumes!

I do not believe there is any "bonus" payments to Eaststar for the Xinhai deal (other than Xinhai paying for everything!) but it was stated that infill drilling was expected to have started before June - wonder if it has started?

However, on Endeavour JV, there is $5m initial investment on works - given that the deal was done in Nov 25, then presumably some works would have started and I assume Endeavour and Eaststar must have had some initial intended works when signing the deal following DD.

The second part of this deal is "bonus" payments based on $/tonne for any maiden JORC and then again for pre-feasability study - I am sure that this $ amount was stated in some presentation - does anyone know or remember it - I can not find it again?

Certainly expecting a continual stream of company info!

One of the lesser, but important, aspects of EST is that with the number of prospects in the portfolio I would be expecting a good steady flow if announcements (RNS, presentations etc) throughout the year - far more comforting than long stretches of silence!

Am I right in saying that Endeavour would have an option on Snowy?

I thought I was conversant with the current targets - but this one, I missed! Is this part of the Endeavour agreement or all ours at present?

Really positive news both ways - just interested to know!

I just re-reading the summary list of what is scheduled to happen - and with the two main player JV partners, I can not see them hanging about - AND WE DO NOT HAVE TO FIND THE MONEY!!!! Well done Alex and team - and you have kept some major gems for ourselves - very clever!

Was just thinking the same! I would have thought some progress "in the field" will have taken place since the JVs were completed and weather permitting!

Https://www.linkedin.com/posts/east-star-resources-senior-exploration-geologist-ugcPost-7430584100635418625-818M?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALHwp4BOt4svVmt7o1FNUB12TadJqh0LE8

I wasn't able to watch the presentation live, but managed to the recording this morning - Alex continues to impress me in all respects, knowledge, presentation, enthusiasm and focus and he is obviously networking extremely well with the big boys in mining!

Definitely a longterm hold but feel that there will be a good level of announcements to help us along the way.

Well done Alex, and many thanks

I have been slightly out of touch recently - could someone list what they think the near term news flows might be? Being a LTH I try not to re-research too much and stick with my initial results - and I have seen nothing here so far that would change my positive view at all!

Hi Oilie

The price has risen quite well from a recent low culminating in the recent great news of the JV and farm in - so there will be a number of people realising some profits, rebalancing their portfolios/risk and/or taking the view that news flow may be slow for the next few months and want to be in a higher activity stock.

The warrants, in my view, are totally irrelevant other than some holders may need to sell some shares to free up cash to subscribe for the warrants - but I do not think that the price would hold up to that mush selling to make that a good trade. It is a shame as it would be good for the company to have that cash coming in, whether it is needed or not.

But do read the RNSs for the detail of the brilliant recent deals Alex has done!

I believe we are still waiting on some drilling results

I have been a (very) long term holder of Kefi and have participated in various funding rounds over the years, been excited at the prospect of a financial close, a sale of SA etc etc - but a few months ago I got very excited on the news of the financial close of the banks and told my wife - not every morning and evening is started and ended with "any news yet?"

The amount of time wasted checking in to see when I should have been getting on with other things is unreal - some form of addiction. Unlike another mining company I support and rate (who I think will do as well, if not better than this), this one is infuriating to say the least - but, I still believe it will happen, what is another 3 years when you have been in for 10+!

Happy Christmas to everyone - strongly suggest you don't tell your better half's until it is completed!!!!

Hi Mikey - great summary - I believe Alex said there were progress payments to be made from Endeavour as resources are firmed up!

I believe Alex has said several times in the past that there are processing plants in the area that are very much under utilitised - so if extracted ore can be shipped to these costs could be restricted to mining. certainly to begin with. But in country costs are stated as being exceptionally low so I would hope that tolling costs would be also.

On the sale of warrant shares - I can understand that some of these warrant holders may not have the cash to invest further into the company than they already have - so selling some warrant shares would allow then to purchase and keep a few that they would not otherwise be able to.

It is extraordinary to achieve all these recent deals in such a short period of time - Alex and the team have been working overtime to all our benefits - well done, Alex! Thank you and hope the market recognises your achievements!

Hi Scrawl - you say the milestone payments would be ring fenced and not available until the end - I believe that they would be available to East Star as and when those hurdles are achieved - which would put the company's cashflow in a very good place.

It is getting that warm feeling that the Company can get to that point, whilst carrying out progressive work, without further dilution. At the moment, it would be good to go above the 3p and for the warrants to be exercised or I suppose there is a risk of some placing at the lower current price.

I first cam in here buying on the way up (and including) to 4p - but fortunately have a lower average price now.

Great additional news on the new licenses - I like the way Alex is getting a stream of positive news coming!

Looking forward to the results next!

I am not as pessimistic as Scrawl (but I am sure he is more knowledgeable in this) but I think the market has not given full credit to this new news yet - I should think we are way to small and other PIs still have to learn about the company. Day traders would be excluded because of the spread.

Alex - we need the PR machine to kick in to become more visible!! Assume that is part of your upcoming trip.

Great result in my view and great that this is definitely not a single project opportunity - multiple great opportunities.

For some it could have been an opportunity to sell on the news.

Well done Alex!

Strong buy - I have the faith!

Appreciate that, Scrawl

Have a great weekend.

Hi Scrawl

I am not sure that Endeavour would spend the effort (time and money) on such an agreement if there was not something more concrete than just exploration rights - I believe there has to be something more of a specific target and also a more immediate cash advantage for East Star - not least to cover the costs of such an agreement!

I would just like to find out what it is.

At the moment - it is as you say, although I am more positive about it.

Thanks SW - that seems to indicate that Endeavour are buying into East Star's exploration rights (and first refusal on Snowy) rather than any particular existing project - which then makes this deal extraordinarily good for the company, in my opinion!

No dilution now but finance to move ahead at speed

$5m spent trying to firm up opportunities

Payment on discoveries and uplifted as they are progressed

Further $20m to really complete those opportunities

Retain 20% at the end if something materialises

I am sure I have missed something - cracking deal! This seems as though Alex has achieved the end goal at the beginning (taking today as the start - so ignoring all the hard work to date)

Endeavour obviously regard East Star as the method to enter the country and the right management team to deliver the opportunity there!

Well done Alex!