Member Info for del929

@Saint68; I’d like to think we will hear from the BOD in the next week or so. I’ve registered my vote so it’s up to them if they want me to change it or not on the day of the AGM.

Scottydog; I got a reply on Friday 😀

“Your message was passed on and I will see how the Company can respond and when, ie before the AGM, during, or directly after.”

@scuba; i already have done. the poster is vile and full of ****.

DR; you greenbox people who have figured you out for the idiot that you are 😂🤣 most on here have sussed you now, foul mouthed, abusive, claims to have inside knowledge from a BOD member & LSE admin as a mate. Comedy gold you are!

@Stej; +441132701154 was the number I used as I’m abroad. Im sure it’d work from Uk and I got through fairly quick

I phoned them on the general number and was put through to the appropriate dept, registered my vote and requested the ivc for the meeting. Took a few mins once I got through to the right dept.

Stej; I requested mine from Halifax and they told me it would be posted to me around the 17th.

Wtf12; CS & DS are privy to inside information. The others shouldn’t so why do there’s get extended as well?

If the BOD are that desperate for cash you really have to ask why in the hell they decided it was “fair & reasonable” to extend the options until 2 Nov. How much would those 90M options have brought in? well over £500,000 if my calculations are correct (that doesn’t include CS or DS 40M as clearly they have inside knowledge)

Had this reply from EUA, nothing to get excited about but at least they’ve acknowledged receipt.

“Your message was passed on and I will see how the Company can respond and when, ie before the AGM, during, or directly after.”

@ Wolfe; many thanks, I’m only trying to look after my own investment. Sick to death of our BODs lack of clarity & communication to us. I seriously can’t see how other people are happy to accept it, guess they have ulterior motives or just don’t want to face the truth. We need to hold these tvvats to account!

@LB; added it mate, can’t fit them all on one message anymore 😂😲 let me know if you’d like to change the wording at all or add anything. I’m going to email them to the company tomorrow and hopefully so will others as I feel the more people that ask the better chance we have if them finally taking notice. I can’t get a reply by email or phone these days, maybe they’ve blocked me 😂🤔🤣

18. The 2020Annual Report mentioned a short infill core drilling campaign focused on L and WN. As it's a requirement of listing to give details of drilling to certain mininum levels why has no information been given to shareholders of the drilling results.

19. In April 2021 you submitted a detailed exploration project for the MT flanks area to develop those prospects and bring further resources into the MT mine. Any update on this and what has been found/changed resource wise.

20. A number of years ago you saide the MT area had upper resources from the 1.9moz Pd equ to 2.2moz via JORC but never released the JORC report to shareholders despite it being a listing requirement. Why not

21. In the annual accounts for 2022 £28,000,000 is showing as loans to a subsidiaries. Which subsidiaries received these funds, what was it used for and how much is remaining

22. Are the deffered shares (4.9p) included in the 'nominal aggregate value' calculation?

1. 12 May 2021 we received a proposal from a credible party, 28 Oct 2021 buyers DD was complete, are we still in active negotiations with these.

2. The Group’s current (as at 29 June 2023) cash position is around £40,000, US treasury Bonds valued at £1,646,255 plus around £4.1M for the concentrate at WK. What’s our projected monthly cash burn.

3. Reserves & Resources, we’ve had no update since the JV expired on 26 Feb despite losing the rights to 8 of the assets.

4. Will the proposed changes in the BOD result in an increase or decrease of expenditure

5. NKT open pit updates, when is this due for completion

6. NYUD; is there an expiry date to take up the licence, have we paid for our 75% entitlement in full, is there any possibility of an update on the JORC. Is there a breakdown of total costs paid for the Rosgeo JV

7. Why did the BOD not inform shareholders when the 2 x court cases were lodged against EUA and why no mention of either in the AR, what’s the worst case scenario we can expect

8. Why was it decided to host a virtual AGM only?

9. How many NDAs remain in place & when do they expire

10. Why was the AR not released until 3 July, when it was expected early June

11. Options; 130m @ 0.6p = £780,000 (£540,000 without CS & DS). Can you explain why you feel it was “fair & reasonable” to extend all of these to 2 Nov 2023

12. "we also note recent precedent transactions which have successfully completed despite the geopolitical situation." Whats prevented/ preventing the BOD from selling our Assets?

13. James Nieuwenhuys, stated in an RNS on joining the BOD “leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders". Was this achieved?

14. In the AR you stated “No further significant expenses are forecast for the Monchetundra project” Have we paid our Royalty payment of circa £187,000 for MT due in Nov 2023

15. DFS; I appreciate it was only approved just prior to the release of the AR, how long before the BOD read & digest the contents & give shareholders an overview of their thoughts

16. Can you clarify why there is a requirement to reinstall Resolution 6 considering it wasn’t necessary last year and you’ve advised we are fully funded for the next year

17. Communications between the BOD & shareholders are not acceptable. Invariably they are not clear, open to debate, often conflicting with previous communication received & deliberately vague

fish4chips, the amazing fund raise for the rosgeo jv, that was a cracking piece of business huh spent $35m on **** knows what and all we’ve got to show for it is a licence for nyud which they haven’t asked for yet oh and a jorc that they’ve been reviewing for an eternity 😲🤬🤔. the more i think of things the more p1ssed off i get. you’d think mac would notice a few issues but it seems he “simply” can’t see anything wrong here 😲 you can read english can’t you mac?

BoB; I don’t think CS will be the main reason for keeping a positive relationship with Russian mining authorities.

He’s & the rest of the BOD know we’re frustrated yet do NOTHING to change it, even leaving the AR till the last minute was taking the p1ss. They’ve got just short of 3 weeks to appease shareholders so it’s their choice. Just letting them plod on as they are isn’t achieving anything, yes they MAY be working miracles in the background but they need to keep us updated, a company worth billions and we’re struggling to hold 3p SP, somethings wrong and Mr Putin can only take the blame for so much of it.

BoB; do you honestly think CS is the only person in the world who could or would be able to fill that position? Yes, he’s kind of made himself look irreplaceable right now as JN has gone with no notice (coincidence don’t you think just before the AGM). But there’s plenty others on the BOD who should be able to fill the gaps as required. To be brutally honest, wtf do they all do anyway, we’ve got that many advisors & experts supporting the BOD, I can’t see that they are having to put in 10 hours per day to keep on top of their work load.

There’s too many characters to show all the questions on here 😂🤔

Will this do

1. 12 May 2021 we received a proposal from a credible party, 28 Oct 2021 buyers DD was complete, are we still in active negotiations with these.

2. The Group’s current (as at 29 June 2023) cash position is around £40,000, US treasury Bonds valued at £1,646,255 plus around £4.1M for the concentrate at WK. What’s our projected monthly cash burn.

3. Reserves & Resources, we’ve had no update since the JV expired on 26 Feb despite losing the rights to 8 of the assets.

4. Will the proposed changes in the BOD result in an increase or decrease of expenditure

5. NKT open pit updates, when is this due for completion

6. NYUD; is there an expiry date to take up the licence, have we paid for our 75% entitlement in full, is there any possibility of an update on the JORC. Is there a breakdown of total costs paid for the Rosgeo JV

7. Why did the BOD not inform shareholders when the 2 x court cases were lodged against EUA and why no mention of either in the AR, what’s the worst case scenario we can expect

8. Why was it decided to host a virtual AGM only?

9. How many NDAs remain in place & when do they expire

10. Why was the AR not released until 3 July, when it was expected early June

11. Options; 130m @ 0.6p = £780,000 (£540,000 without CS & DS). Can you explain why you feel it was “fair & reasonable” to extend all of these to 2 Nov 2023

12. "we also note recent precedent transactions which have successfully completed despite the geopolitical situation." Whats prevented/ preventing the BOD from selling our Assets?

13. James Nieuwenhuys, stated in an RNS on joining the BOD “leveraging my relationships made over more than 40 years in the mining industry and securing a deal beneficial to our shareholders". Was this achieved?

14. In the AR you stated “No further significant expenses are forecast for the Monchetundra project” Have we paid our Royalty payment of circa £187,000 for MT due in Nov 2023

15. DFS; I appreciate it was only approved just prior to the release of the AR, how long before the BOD read & digest the contents & give shareholders an overview of their thoughts

16. Can you clarify why there is a requirement to reinstall Resolution 6 considering it wasn’t necessary last year and you’ve advised we are fully funded for the next year

17. Communications between the BOD & shareholders are not acceptable. Invariably they are not clear, open to debate, often conflicting with previous communication received & deliberately vague

18. The 2020Annual Report mentioned a short infill core drilling campaign focused on L and WN. As it's a requirement of listing to give details of drilling to certain mininum levels why has no information been given to shareholders of the drilling results.

19. In the annual accounts for 2022 £28,000,000 is showing as loans to a subsidiaries. Which subsidiaries received these funds, what was it used for and how much is remai

@Bill, accounts aren’t my strong point but I am more than happy to add it in as you won’t be able to ask the question. Do you have any more details, was it £28m loan to subs in 2022 and we basically want to know which sub received it and what it was used for?

MrYfronts, will add those now. Very good questions.