Member Info for Dan1605

Very well put Mental. A great bit of business by AH, I've never seen anything similar in all my years investing and it's obvious what the plan is, prove it up, bring in a partner and possibly finance off the back of it. You're comparing apples with pears Snip, having a try before you buy is a bit different to throwing £3m at a punt. Keep up old chap.

Where does it say he was banging on doors for months on end? Wasn't Placer Gold a private company? Very different to a listed company when it comes to raising funds. You know and I know that they'd get a placing away Snip so let's not act the idiot.

Doing it now would be a disaster. If we have enough cash to have boots on the ground doing field work then wait until conditions improve, the consensus is that market conditions are improving. I don't what they have the Philippines on the market for but reduce the price and get rid.

Funny, that's exactly what JH said yesterday SV. hmmm

You've hit the nail on the head Legal and the writing is on the wall. A placing is required to drill lolworth and Hurricane and so their comments about being full funded is strictly true is it, they're fully funded to for sampling and not for drilling. The worry is that there is nothing in the pipeline now to lift the sp to allow a placing at a higher price. It's all very murky and misleading but they're hoping that the asset sale comes in before they go to drill.

There is still no word on the plans for the 2nd drill, will it be leased or won't it?

Cheers rex, my average was around 0.65 so made sense to average down. Putting the emotion of the last few days aside we still have a good chance, we're cashed up (supposedly) have two rigs on hand and CEO who's one of the best Geo's is the business who is well connected. His connections are probably the most important thing here, he/they can make things happen. Look around other Junior explorers and count how many have their own rigs. This is the last roll of the dice, unless we can flog the Philippines but I thoroughly believe they will go for a JV with Hurricane and I wouldn't be surprised if this wasn't the plan from the start.

My guess is that they are. AH is well aware that they need to preserve cash and slow down burn, getting a partner on board means that they can share the cost. Let's not forget that a lot of ground work has already been done and the potential is already known. That was my 1.3m buy this morning.

It's the fact that's it's left to interpretation Tamer. He didn't say either way therefore can't be accused of lying. It wasn't that long ago he ruled out a JV. Let's see if he answers my email.

Stick the pillo*k on filter Tamer. I've listened to the last 20 seconds 6 times and still not sure if this another carot dangle or genuine. The question was clearly pre scripted but it is also well known the ECR couldn't manage both Lolworth and Hurricane. IF a jv is announced then this is back up towards 1p imo.

Ok Mystic Meg, you can f off back into smoke now.

"ECR are in serious trouble" talk about milking it. I always find when the town crier turns up trying to be the loudest voice in the room it's time to buy or at least hold. It's a disaster but it's not terminal so you can stop trying to play the Pied Piper.

I'm pi**ed like most on here but on reflection I feel there's much more to come re Queensland. I don't believe AH ever thought Creswick wad the Jewel in the crown, I remember when it was said at the investor show and his face was a picture. Queensland is the last roll of the dice but it's AH's roll and it's down to how much faith you have in him. The derampers are having a field day here, back to starving them of oxygen.

*wink* :)

I'm not into BS Mental, I call a spade a spade and I certainly aint green around the gills. I'm sharing what I've been told and it's up to investors whether they believe it. I'll let Armani tell you, then you've heard it from the horses mouth. To be fair to him he's been pretty spot on about this bod.

We need rid of this seller then we'll find some stability. The market just hasn't took to this since CB passed. The Board know they need a partner in Queensland and I'm leaning towards the fact that we might just get one. After watching that video again it appears AH is telling us without telling us, that question would not have been asked otherwise. IF we can find a partner and cover costs with that second rig then this company has a great chance of succeeding.

Maybe so Mental but I'd rather know about it than not. The placing soundings were passed around brokers so not illegal. Not sure what else he's heard as don't wish to speculate but the info as also come through brokers. I couldn't give a rats clacker if it's illegal personally, this bod have been treating us with contempt.

No Paul, I want AJ to do his job. We can all have a run of bad luck but his has been running for the last 8 years.

All - I have a message from Armani who is unfortunately blocked. He's has it on good authority that the feelers were out for a placing just before the results were announced. He's also heard a few more things that I'll let him explain when the ban is lifted. I've known him for a long time and I trust him with this information.

They said that about Bluemoon SW, in fact they drilled in the same spot as back in 2019 and still missed he target.

Funny that JH, you reckon it's only worth 1p but yet you were buying a few weeks ago above 1.50. Jog on muppet.