Member Info for Dan1605

Let's hope there is a positive BM update beforehand otherwise it will be nothing but more flannel.

It was Trev but then they kicked the can down the road and said Q4.

the sp it's on its **** for a reason, because the market doesn't trust the bod to deliver anything other than another placing. the rest of the market is moving yet punters are avoiding this like the plague. it's simple, if they can't deliver bm by the end of the year, walk.

"That would mean it is performing well."

No it doesn't. As usual James you've put your own spin on it.

Where did I say it was performing well?

That's what I was alluding to Barnard but was waiting for the adults to arrive.

When we get that RNS to say that the kit is on site and they're producing then we can all start to get excited. You do get a sense that something is starting to build with the sp although we should be considerably higher than we are.

One thing that I picked up from the last presentation was PW's comment about the sp " yeah, it's causing us some issues". This was a worry as I don't believe the value of the company would influence borrowing, surely it would be based on revenue? If this is the case then why would the company valuation be such a problem...hmmm.

We know that Sausage and Coco are the same idiot after slipping up yesterday, not that there was ever any doubt. Now, who is the man behind the two accounts....

Oh dear.... wrong account, Sausage :)

If you've ever sat on a board then you will know that you are one voice and if the other member don't agree you can quickly find yourself isolated. Now, that's not to say that he couldn't have walked away but the fact that he's now stepped up suggest he was being shackled by Lofgran. Those with no work ethic don't suddenly start working, they'll continuously look for the easy option.

Looking at the the volumes going though at 0.023 it appears that there could be another placing about to land. Nortrust appear confident but time will tell.

"Has that article by Dan posted by Trevor below been fact checked? Posted in 2019. Shocking accusations and insinuations."

Ask him Mental, he's posting on this board.

References have been made to the Aussie Gold Hunters numerous times on this board and although it might sound ridiculous to compare the two, it highlights just how easy it is to setup a small scale mining operation. These guys don't spend years testing, they rock up with a JCB, a self-made, poorly fabricated wash plant and 50mtrs of hose pipe and they make money! The wet season in Queensland runs from Nov - April so we can already see the next excuse.

Until they're actually producing gold there is little reason to expect the sp to rise. It's a real shame because as a board they are active and clearly trying to achieve a commercial discovery. So, having been back in Victoria for a couple of years do we think it was the right decision? Let's not forget that Haythorpe was happy to walk away because other explorers were leaving but then again he had an ulterior motive.

It looks like the MM were happy to take stock above the bid which is something.

It looks a sell and you can hardly blame them. The rest of the market is moving up yet this is moving the opposite way. Like I said, if the BOD walk this goes back at 0.30 in flash.

The issue here isn't a lack of enthusiasm, cash or activity, it's a lack of trust. If the BOD resigned on Monday the sp would rise, no doubt about it.

I believe Paul was just putting it out there that even at current oil prices we are profitable at operational level. This kills any assumptions and toxicity that the business must be losing money.

I agree, service the debt first.

Pointless engaging with them Wakey. Anybody who believes that you can't be profitable if you have debt shouldn't be allowed anywhere near an trading account.