Member Info for CTSFO

Number 2 on the leaderboard. That’ll do nicely.

A useful overview of JORC and the steps and costs to market ore:

https://stocksdownunder.com/understanding-jorc-resources/

I forgot to mention:

It’s in Greece, a politically stable country. Part of the EU, which wants to become self sufficient in critical raw materials. Essential resources (eg 3 phase power) are already available / very close. The local population are supportive of the plan, providing certain environmental protections are in place.

Apple, I’m going to expand on JC21’s post. Rock are re-exploring a strike previously explored by the Greek government. So this isn’t a random ‘there might be something there’. The company already has good data. It’s also expanding the area being assayed. They are making sure the assays are JORC compliant, and include data on Germanium. The mix of minerals here is geopolitically important, and it looks like a significant amount of economically viable ore is present. The company is fully funded for its planned infill drilling.

Obviously, it’s all dependent on the assays showing what we want, but the previous work suggests this will be the case.

Reference Point

Mcap of £100,000,000 = sp 1.631p.

“Don’t attract the children”

COULDN’T AGREE MORE!

This is an excellent bb. Everyone is sensible, supportive, and respectful. We don’t need the trolls and knuckle dragging nescients.

GLA

Number 4 on the leaderboard, hopefully that means people are popping into our bb for a look.

“When is the question? 2026?”

Please excuse me teaching everyone to suck eggs (again)…

“Under the JORC Code, an Inferred Mineral Resource has a low level of confidence in its quantity, grade, and continuity, estimated from limited geological evidence and sampling and not sufficient to support mine planning or economic evaluation. In contrast, an Indicated Mineral Resource has a reasonable level of confidence, based on more data and detailed exploration, which is adequate to support preliminary mine planning and preliminary economic evaluations.”

The JORC code exists to protect investors. The move to ‘Indicated’ should trigger a big re rate. At that point the big boys can think about getting their cheque books out. I can’t see a buyout at JORC inferred, due diligence wouldn’t allow it. So early 2026, when all samples are assayed, should see a significant improvement in sp.

For what it’s worth, I can’t see Rock becoming a single company developer and producer. This resource is simply too geopolitically important. JV at least, though a simple takeover might be easier for the likes of Rio Tinto.

GLA

None for sale at present. ❤️❤️❤️

Good afternoon all.

Filterland: good questions. My take, please take as supportive and trying to be helpful, even it it reads too bluntly!

I’m not sure previous rig numbers, which I don’t know, are helpful now. The company has £2,000,000 at its disposal vs a shoestring budget in the past. They can afford more rigs on scene, and hopefully will have this in place. I simply don’t know how long it takes to drill the assay hole, sorry, big range quoted on google searches. Also don’t know how long it takes to assay the cores to JORC standards.

The involvement of the University team is interesting. They may well bring more expertise to decide where the best locations to drill are? What we do know is the market will be updated during the process, not a huge reveal at the end. This should help maintain interest and support the sp.

Going forward, it’s difficult to know if Rock will want to go it alone, JV, or buyouts of the company. Having a serious investor onboard gives us protection. Rock won’t be forced to accept low ball offers for JVs or buyouts. Any further funding will be at the market sp, not that I think this is necessary at present.

Please don’t take this last bit as teaching people to suck eggs:

Any buyout of the company will have to be an open process, subject to the rules and laws of takeover and mergers panel (I’ll check this is the right term) and company law of the UK. The bottom line is it’s us shareholders who will decide if we agree with the price being offered. And… other major mining companies may want to pay more… 🤑🤑🤑

Investing above £10,000? I’m going to sell shares at a loss to buy more here. Not financial advice!!

There’s been a significant share dilution since then, so that value doesn’t hold.

BUT, (HUGE BUT!), the upcoming data stream and JORC status change will more than make up for it. Turn the amp up to 15 ROCKSTARS!

Nothing else to add!

Someone had dumped a lump, and there are willing hands picking them up. If you’re 15 mins behind, don’t be frightened!

Looks like the traders are getting their 20%+ here and moving on.

NOT DERAMPING!!

Some consolidation / pull back in sp would make sense at present, and probably be beneficial. The sp has doubled in the last month, significantly rocketed up on 25th August. No real news on the day to trigger that. BUT… people are becoming more aware.

I wouldn’t be surprised if the start of drilling has already been priced in. There’s nothing obvious standing in its way. We possibly won’t get the first mineral assay data till mid October? People might well take some profit now, boost it with another share, buy back in. Worth looking at this tech analysis of a pennant formation. Are we seeing the beginning of one? PS being very very selfish, I’m happy to see a drop back… I want to buy a lot more as cheap as possible!! GLA

https://www.investopedia.com/terms/p/pennant.asp

Not mincing words here:

“ This collaborative effort will benefit not only the Molaoi project, but Europe as a whole, as Molaoi matures into a critical raw material supplier for a strong European future."”

It looks like they’ve transposed the lead Dr’s Christian and Surname. This is his bio. PhD in the US, postdoctoral research in CHINA. Well connected.

https://www.researchgate.net/profile/S-Tombros

Just had an update that all disclosed short positions are now closed.

Odd start to the day.

Nobby, a happy bank holiday turns into an excellent week! Best.