Member Info for CrustyPete

Lol, what a total load of utter nonsense - for your information you ignoramus there was no mention of a capital raise before the last one but it did not stop it happening!!

This man peddles vacuous drivel.

1.30 - 1.35p now - Lorna is going to need one hell of an interview performance to pull this sp decline back to parity anytime soon.

So why your concern about dilution if you are not expecting a cap raise? Or is yours a "just in case" worry?

Indeed and just to prove the point that he is a worthless liar and snake oil salesman - the sp has just reached its lowest bid of the day at 1.30p.

Any comments DiscoDog?

But Bezinio surely you don't expect blatant, shameless, unscrupulous rampers like Discodog to worry about such irrelevant and inconvenient considerations as "truth" and "fact" do you?

No, of course not, sound bites, hyperbole and irrelevant generalisations are his only currency.

When you say "soon" DD could you please be more specific - is "soon" today? Tomorrow? Next week? Next month? Before Q4? What exactly?

So Warrie can we take it from your post below that you are now conceding that there may indeed be a cap raise in the short to medium term?

I wish you well Warrie with He1 and all your other holdings.

Serious question Warrie, I note that you have reported elsewhere that you have sold a load of He1 shares today. I don't blame you, I tried to do the same thing on the bell this morning and explained my motives in doing so. What was your logic in reducing now?

Well apologies but I have not read all 301 posts Warrie and so may have missed it - but in any event no harm done repeating it eh? After all Pubcrawl repeats that same old superficial claptrap multiple times every day.

For clarity no price sensititve news whatsoever. So why did the sp fall? I think people were hoping that we might actually see some price sensitive information and as there was no indication of when or indeed if we might receive some - this side of EWT that is.

We can only hope for some additional snippets of info from our illustrious CEO this afternoon.

No mention of new Basin Model nor new resource estimates, moreover no mention of hiring out the rig for short term income and no mention of a raise. In fact nothing more than adding some additional detail to the theoretical possibilities for a future production strategy and yet without any confirmation that production is indeed viable. So good news that they are planning for the day that they do have this confirmation but, other than that no news at all really.

I can understand their putting wheels in motion to foreshorten the time to market for production but, actually, we have seen nothing yet in terms of confirmation yet that there is any viability of that production.... and they would hardly be looking into the usage of a low rate production facility if there was the meaningful prospect of high rate production. So what does that say about their expectations for flow rates?

Indeed Blubay, just as the Company and LB individually have informed us in both RNS' and in interviews. Do people just not believe them?

The biggest disappointment for me in the RNS was no mention whatsoever of the Basin Modelling or new resource estimates. Add that to the reference of a "LOW RATE pilot plant" and I begin to question whether the outlook for Itumbula is as favourable as we shareholders might have been wishing for. Commercial maybe as they are talking about production but is it material?

It will be interesting to see if the interviewer asks questions on these later in the day.

"relatively quickly"? Well I suppose 5 years and counting is still relatively quickly - in Tanzania anyway.

Djwalls - I have been in a Tanzanian Mining share for 14 years and believe me, wheels turn slowly in Tanzania when anything to do with mining and energy are concerned; 7 years and counting since the last drill and still awaiting a development license.

I agree with you Cupacoffee; I tried selling half of my holding on the bell this morning but couldn't get my limit price - look stuck here for a good while now. Ho hum.

Hope to see you at some point in the future.

Well there is some consolation Jamesp21. Discodog has promised "If this doesn't bounce today, then I will quit trading forever."

Discodog - you say "Let this go"...

They are DD, the MM's have let this go - down to 1.35p.

Seems your over-confidence was misplaced?

No, you are right in that regard Chesh - my post was as much in hope as expectation but I do think there will be a few buys into the close.