Member Info for daveri007

LBE should receive approval as a Norwegian oil and gas licence holder - aiming to have the necessary approvals in place between July and September 2021 to enable completion of the Farm-ins to occur.

I'm not here to educate you @timeserved....we can as you say respectfully disagree.

He's right an extent but not because of a bad result at Havieron.....if the results are not positive on the initial Juri drilling then just take a look back at Scallywag!

However, those well researched will already understand our flag ship asset "Havieron" is alone worth north of 50p de-risked....but the value is more than likely to come via dividends as apposed to capital gain growth!

The end position regarding Havieron in my opinion is this - The reserves will never reach such high numbers. Why? - Because as we dig the gold/copper out of the high grade zone and quickly move into production and substantial cashflow/profitability we are of course transferring the mineralisation into cash which iscfantastict but as consequence depleting the overall resource (because we are drawing down on it)

However and more important is that the life of mine will increase as the growth drilling continues creating substantial wealth for shareholders via dividends.....only at the end will we see the 20moz+ flowing from this world class asset.

Ofccourse, this could all change should we strike the sweet spot at 1 or 2 other tenements either in our Juri JV or via our other 100% owned tenements .

Dip666....that for me was the most relevant information that came out of todays Q&A....2003 to reach the ore body and hopefully start to see to see significant cashflows!

4 types of posters/contributors here...

1) There are those that have fallen in love with the company because they have fully researched the company fundamentals and understood them -they will continue to hold with "diamond hands"! And of course regardless of day to day month to month share price movements...the informed investors have plenty of patience and will continue to add on the dips!

2) Investors that infiltrate the investment board...been here a long time but continually pump and dump the stock......most of them get caught out ( easily if you have been here a long time)but because they continue to ramp the stock - the general board - the "unintelligent" continue to like their posts! These very short term (traders) investors are the problem for new genuine investors looking for an entry position.

3) Then you have the conspiracy theorists amongst us that attempt to deviate the board away from the original company fundamentals - "dark pools" my mate this and my contact this .....all garbage but they think they are helping but cause more confusion to exiting and new investors.

4) Unfortunately, its the "bully" gang, the sheep who are not that researched but feel they need to deal with any negative posts.....such a shame because in most boards the negative posts create debate.....not here unfortunately, here they bully you and dare I say it " filter" you......they do absolutely zero good for the board.......bit it happens day in day out.

It is what it is I guess....my advice is just do your own research and ignore the noise here, good and bad!

The BoD's will learn a tough lesson....ramping your own stock without delivering always ends bad.....now hoping they behave in a corporate manner...those institutions that paid £2 will want answers and lets hope they come before y/end.

Shaun's rocket (no 2) was at a lower gradient than the original poster.......his point was another great set of results inbound (17/17) but lots, in fact lots and lots and lots and lots still to arrive before we go vertical!

@Tiggerman just brings the whole board into doubt....the sooner these historically discredited rampers stop posting here the better! The sooner we eradicate the known pumpers and dumpers the better.

For me it’s Kistos and Longboat- guess I’m greedy but in fairness it was always a hedge to invest in Kistos as well - still hopeful they both eventually become great investments! GLA

It's a Newcrest promotional event.....Newcrest know what they are sitting on and we are getting very close now that they will let everyone know!

Agreed, the BoD's give confidence in low doses...like their trials...still holding for the 20 bagger from these bargain levels!

Exactly, the mine will always be called Havieron......the portal to the riches has been named "Karlajartu" which means "opening to the sweet spot"

A very strange post...cant make any sense from it.

Same - something big and v.good is happening.

Exactly, that 8m is in USD so sterling according to my previous calculations approx 5. something M sterling - post tax refunds we are investing 15m sterling investment to be involved in a £180m pre tax exploration program of 7 wells. with 3 major players plus corporate costs.

The tolling costs at Telfer are"unfortunately" yet to be agreed as highlighted in the latest (first) Canaccord broker note.....noted as a red flag because Newcrest could inflate these costs....hoping before the next Newcrest loan to GGP that these costs are agreed to the mutual benefit of both parties!

Lets be honest, it does not matter if Byrnecut descend at world record speeds, what matters is what their final destination offers shareholders.....those that are well researched know what's there (shame the wider market does not yet fully understand) and it's just a matter if time before we all start to reap the rewards from the high grade zone!

And those that are in any doubt that we are to go mining need only look at the desperate "Telfer" situation and ask themselves why Newcrest would loan 50m USD to us if it was not already a done deal!

In my opinion the wider market just don't understand what we have here YET.....Folks only need to look at our neighbour Evolution Mining as a prime example to see how the resource estimates grow over time...I think Sprott and their money understand!

okay but no gold miner releases exaggerated numbers in the first 6 months of producing or indeed prior to mining...as you know they do the complete opposite ...time will tell and let's be honest Sprott very rarely get it wrong! ATB