Member Info for Culpepper

“I think the short will stay untill the trackers have bought in”

That would be pretty stupid, wouldn’t it?

It might simply remain, for their own reasons.

The ‘shorts’ arent daft people, no more than pi’s anyway.

They do what 5he6 do, within their own business, to balance themselves, and make a profit overall.

D9n5 get wi4ked up about what I think is just a tuppeny hapenny hedge.

Even if it’s some sort of conspiracy - as many of you love.

Rubbish, in a wider sense, isn’t it.

I recognise the view theyre all out to see off Ggp pis, by the way, on ASX and LSE.

Though you would think everyone wo7ld buy into weakness, pushing the price up.

The expressed theories are 5o me l8mited. So we shall see.

Ignore the short. It’s paltry. They sold. have to buy back.

Maybe just some hedge.

Theyre more clever than pi’s.

Think that’s it a a nutshell.

Don’t you?

‘Exploding everywhere but here.’

Yes, but it’s all going to be very explosive.

Have faith - this board entreats you.

Results will come, conservatively expressed, by Ggp, bringing back some confidence.

And index inclusion is nailed on. Whenever.

Y

This strikes me as a bit like the Old West.

Somebody got to go there first.

That worked out OK.

And stuff, it seems, waiting to be found on top of what they have.

Trailblazers I suppose, and not much in the way of Indians and such.

At the moment, you can sell on line £30k at 68.11. Buying the same is i70p.

Just for the relatively got nothing to do for now.

Anyway, all 3 markets agreeing on 69-70 gbp. Just for now, today.

Yes. They’re looking for 96%.

Calibration and all that.

Well, this conspiracy, shorter, Mcquarrie thing is time limited, isn’t it.

Drilling results, Telfer profitability, to reduce any Hav caoex debt is where it’s at.

Culpepper.

Didn’t copy across, sorry.

Didn’t copy across. Sorry.

Eldar Wilson, Chief Executive Officer, Amarok Minerals: Enjoy that. Yeah. So just as a reminder where we are with Nalmanac, we have a resource that was upgraded from about approximately 320,000 ounces to 484,000 ounces. It’s it’s approximately ten years worth of mine life. We have an indicated resource, which is a higher confident in the resources of 151, and we’re working towards getting into reserves with underground drilling that is happening right now as well as increasing the resources with the South Greenland South block drilling, which is in the valley.

Our long haul stoping and development on on the mining activity have been progressing well. We have developed the ramp fairly advanced, and we have many levels ahead of us. And our kind of a reconciliation from mind development to mind model, it looks good. We we have approximately or will have approximately by the end of the year about 150, 160 people on our payroll. And there are a few things that are of importance here.

Towards September or around October 3, the agreement with will come to an end. They had a two year agreement. We will be taking over mining to gain, obviously, more control, and we have been building up our mining team over the past one and a half year. Through that, we are also leasing equipment ourselves rather than renting it from t SN, and that equipment will be coming into into site in q four. We will continue improving the rates on mining and processing as we have been doing so far.

( and theyre stockpiling, capex at mo, as they, do that, but not on the digging out side in future. I mean, at gold content, world class, umpteen better gold content per ton than Greatland, Telfer, much bigger operation - I’m in there too - so not a knock on that - theyre stacking ore high, Telfer needs to be throughput, , Amaroq’s not so much. Just a sort of comparison, size as against cost and quality. )

They won’t give forward gouidance until next year, but from what old Eldur said, they’re looking at 30000ozs, ( and by extension, ramping that up to 450000ozs if and when, they can get to 450tpd.)

Wyvill says they can be well profitable at 2000 US dollars per ounce.

To self fund exploration.

Eldar Wilson, Chief Executive Officer, Amarok Minerals: Enjoy that. Yeah. So just as a reminder where we are with Nalmanac, we have a resource that was upgraded from about approximately 320,000 ounces to 484,000 ounces. It’s it’s approximately ten years worth of mine life. We have an indicated resource, which is a higher confident in the resources of 151, and we’re working towards getting into reserves with underground drilling that is happening right now as well as increasing the resources with the South Greenland South block drilling, which is in the valley.

Our long haul stoping and development on on the mining activity have been progressing well. We have developed the ramp fairly advanced, and we have

Towards September or around October 3, the agreement with will come to an end. They had a two year agreement. We will be taking over mining to gain, obviously, more control, and we have been building up our mining team over the past one and a half year. Through that, we are also leasing equipment ourselves rather than renting it from t SN, and that equipment will be coming into into site in q four. We will continue improving the rates on mining and processing as we have been doing so far.

one things for sure.

just as it stands, old stag been shot up the arse.

“this looks a right dog share,

i wounder how low this is going down,”

bbs for you. know **** all, actually.

Got a long way to go to get back to £1 or so.

And nothings’s changed, apart from for the better.

I did anticipate some beneficial drilling results, to enlarge Nalunaq resource, and to go towards a maiden resource for Nanoq.

So wondering, as we do, whether director buys kiboshed that, after old Eldur the red said they were looking at a busy reporting season, monthly, at last analyst meeting.

Sort of interesting, maybe not, them buying on Iceland paid 63p average, equivalent. Them buying on Canada paid 68p.

I only got O level maths, mind.

So, you know, though it doesn’t matter, put me right.

It’s a way off, but on that last, Independence, Greenland needs to create cash to offset any withdrawal of Danish grant. Mining, with environmental considerations, ,is seen potentially as ameans of going somewhere at least in that direction.

Actually I think I’m wrong there. Maybe half right. Somebody bought in depositary receipts.( the other in CAD ) That would be Iceland.

See what those two markets do today, after RNS.

That’s where the directors bought though, Canada, to be fair. So may have made some difference.

Canada showed some support yesterday. 68p equivalent. Iceland a little behind.