Member Info for Crofton

The real warning was them saying they're diversifying. Clear as day KV was a bust and they scrambled tonfidn something else

Narrator: it wasn't. Now into it's 9th year as a total dog. Cash burn is the only accelerant

Source?

Aim/Main Market, it's all on SETSQX anyway.

Good luck trading your way out of this mess.no drilling til next summer and any timelines will be missed as usual. Just another annual raise and ramp.

Funny how there's lots of presentations right after a placing. Too much talk as it is, time for delivery.

It's in the prospectus how money is allocated

Stack it up against all his previous statements and you'll see the disconnect in promise and execution. You can learn like everyone else.

We know the issues. Best let Smacker and the other placees do the heavy lifting now as there's a lot of it to do. Looking forward to the first ever winter drilling campaign...

He got strung along last year with the the rare earth asset that killed the share price. Learnt nothing. At least with Minchin you get some epic pumps to trade in and out of

No warrants this time. But seems like MILA now, raise at the lows, let placees exit a few months later on good news updates then back down again for the next raise. On that basis, they'll always get funding as a reliable rinse and repeater. Disappointing.

Lol, did call it out and was called all sorts.

That's why I said "JV" in air quotes. Look up Ulytau Resources. Set up around the same time as the HREE deal.

I'm talking about the uranium one. He set up a company with them and they flogged a uranium asset to an ASX company. Would be interesting to see why East Star didn't get that asset but the CEO did it in his private capacity.

JV on Verkhuba or the "JV" he has with the Phoenix Mining guys?

Can't be trusted on timelines. Puts his own interests first. Performance shares and the pick of licences from Phoenix. Outrageous he puts a dud project in and gets a successful one for himself.

Don't forget Alex has options as well. I think they have a share price element to them.

Https://www.lse.co.uk/rns/GTC/contract-win-kjhkzcmd27f2bqw.html Another bit of EST news, surprised they didn't RNS this themselves as well. GTC contract win for work on the porphyry side now as well.

Gets a few details wrong and flat out lies about a few things. 1) JORC is for the OPEN PIT only. I've seen his comments on the EST telegram group when he was challenged on this and clearly he's not just made a genuine mistake with the details. 2) The BHP grant is $500k not GBP. He says they're drilling with the grant money. Alex clarified this explicitly on the presentation that there is no drilling at this stage. Also, he alleges that BHP are providing further investment. Unless he's a BHP insider, there's no guarantee they will and how many of the previous Xplor cohort got additional funding? 3) He lost me completely on spending the placing money to get cashflow soon. They still need to do the scoping study/PFS, it's a quick route to production but he seems to be over-egging it deliberately.

Good read on porphyries. https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/