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News
All the anecdotes you have posted are old hat - nothing of relevance to the recent drills .
There may be traps & seals down there but how many drills will it take to find them . Only a major player has the funds to keep on going , keep on searching .
The Tai C site was set up to succeed- no expense spared - they & quite a few of us - believed that they only had to put a drill in the ground & the jackpot would be hit .
GB
I stand by every word I wrote there - if I’m wrong - & I hope I am - then I will hold my hands up .
This company is in self preservation mode - gambled all at Tai C & were shocked at the results. A deaf dumb & blind man would know that there would be helium shows at Itumbula - that’s why they went there - but are there traps & seals there ? I doubt it - it’s escaping in the air .
GLA
Some week that was !
I posted a week ago that I was expecting some really positive news because without it , the lights would be turned off due to being unable to raise again at those low levels .
Along came the RNS & surprise surprise - a shed load of new naive investors believe every word she says & the garden is rosy again . I will never believe a single word that comes out her mouth again after what has gone before . There is nothing concrete in that RNS - no mention of free gas , traps or seals .
We know a fund raise is imminent- they are skint - they will know the wireline logging results this week & that will determine when the fund raise is . Poor results & the raise will come before they announce, good results & it will be after . But it is coming very soon .
Genuinely Pleased some people have made some money this week - especially some of the LTH - who have had such a 💩time of it - hopefully there a couple of more days ahead where this could rise even further.
Personally having derisked so many times over the last couple of years - unfortunately I’ve no more dry powder left to get my average lower - I’m done & will take the consequences of a large loss - crippling but so be it .
Good luck to everyone but be careful - don’t listen to these new rampers - they don’t know the history .
RJ
Hardly a personal attack - just felt the need to calm you down a bit as you are clearly excited . I’m going for a lay down now - I’m exhausted with all this letter writing- not used to it . 😄
Skippy
If they want to exist after this drill they really do need to create some excitement to raise the sp - if they fail to do this & tell us nothing - they will have zero chance of any future investment . Today’s tweets are not what was needed - it’s just wound people up . I just don’t get it - their PR department has been abysmal - it’s almost as if they have given up the ghost & are just playing out time until the lights are turned off !
They only have themselves to blame for us being 20% below the last placing price .
Zebra
I think you are spot on with this - talks of 5/10 bagging are pie in the sky . There is a different type of investor here now - don’t give a 💩about the project - & most will be out before results . I don’t see this rising much even on decent results.
GLA
Neil
I wouldn’t put anything past this lot . They have only enough money to finish this drill & pay their lifestyle wages for a couple of months . To continue they need to raise at some time soon even if Itumbula is a success. If it is not a success I can see them raising before they announce results IF the sp has risen on anticipation of good results. If they truly want to go back to Tai they need more pennies.
GLA
OMG - just read this back - I’m beginning to sound like Legal ! 😂
The trouble with this drill is we don’t know how long it is going to take . They said a month but it could be 2 weeks . It will only take a month if they have shows on the way down & they stop & test .
For people wanting to get out before results this will make it very difficult to gauge . I would of thought any good news on the way down they would let the market know because it is imperative that they get this sp moving upwards- otherwise the lights will be turned off through the inability to raise further funds which I think they would aim to do pre results .
Despite what some people may think I still genuinely want this to succeed .
GLA
Are there people here still stupid enough to think the herd is waiting on the sidelines. There is no herd - they went elsewhere when they realised the present board are a bunch of incompetent *ankers not fit to run an exploration company .
I give it 2 months max & it will be bankrupt
GG
Both DM & LB have always said that Tai was the must do drill - the best prospect. That’s why they threw everything at it & that’s why it’s so disappointing. They were 100% expecting a discovery from it .
Itumbula is the next best but they haven’t given us any real numbers on it - so we are in the dark on this one !
GLA