Member Info for Dan1605

To be honest Notrex flogging a rig is all is will take, it won't set the SP alight but we won't be sat down here in the 20's. The concern here for all concerned is a lack of cash.

The market has been smashed but how many other juniors miners have lost 80% of their value?

I think we're more peeved of the fact that we're in this position in the first place Legal. Our backs are well and truly against the wall and our future is heavily dependant on selling the equipment. Granted, if they manage to pull it off it absolutely changes the landscape and gives us a fighting chance however yet again we're at a mercy of buyers (who will know our position) with the clock ticking. On the flip side we have to be thankful that they haven't gone straight for a placing unlike the likes of POW.

Selling a new rig and a property for 100k less than we paid shouldn't be a lot to ask, even Tang could manage that.

Absolutely agree TS, it seems the plan is to find funds to get us to that point and flogging the rig and final property should just about do the job. IF they do manage to find the cash then sentiment should certainly start to change. I've said for a while, the reason we're at .30 is because we know a placing will come and the further this slips the more anxious investors become. Sort the funding out and those investors will come back.

The rig was $400k and the property was $500k. So anywhere between 600 - 800k. Should last us 10 months.

Unlikely since they haven't been bothered to find out if they can buy. It would make more sense for it to be Colin, it would seriously lower his average. A BOD buy would change sentiment immediately.

There's 4m shares yet to be sold back to the market from Friday, plus they've been willing to take 5m off me all day. Judging how quick they pulled the sp down earlier I'd say there's a very large buy order sat at 0.30.

Don't know, but there's 4m stashed away somewhere.

We have Tamer, keep up. Their exact words "We don't know, we will check".

And it's dropped to 27.5....meanwhile the BOD still don't know if they're in a closed period.

"Conversely we don't know they are bot going to put their hands in their pockets"

Jesus!

Tamer, do one. You're about as funny as a funeral.

They've suggested nothing Legal, it's Tamer/Cashking being a prat. Funny how Cash has gone quiet?

Well the MM are prepared to take 5m shares off me in one hit so there's somebody lurking.

Be careful, you'll be accused of being short.

On this occassion I think they do, they're just playing for time. Why would you not find out? The thought of buying shares clearly hasn't crossed their minds. I'd love to know where that stock went at .30 last week. The MM took it but haven't sold it on.

The board don't know Mental - they're checking "apparantly".

cb and tang are to blame for ****i*g the cash up the wall. they spent millions on hr3 for nothing. ah has been left with an difficult task, create value and find a resource with no money. selling the 2nd rig is shocking but the alternative would be devastating.

"They've tried a raise"

You can prove this Snip?

Guilty! Increasing my short!

They'll be taking a lot more samples than usual

1. Because of the rare earth minerals

2. Because it's low cost.

AS Tweet from week suggested some were already at the lab. The RNS from 25th May said sampling had started two weeks prior. A 3-4 week assay leadtime suggests we may hear back next week.