Member Info for deserttrader

Just out of interest, are we likely to receive the official decision to mine accompanying the BFS?

As a LTH and been on this board for a number of years, I know there are a number of shareholders not happy with today's RNS. Yes it would have been nice for PI's to been able to take part and not let the shorter get away with a very nice profit, however agree with Damers, he has moved quickly since last week's call. I have no doubt we needed some liquidity to go hand in hand with future debt financing with the bank(s). He did mention it previously that some type of fund raising would happen. Markets like certainty and a clear path set out. Secure the financing now, shorters get out and off we go again. Not ideal I know but I don't think he had a choice. Also remember we have an extra 5% now. GLA.

Final point to add, NCM confirmation of the 6.5m gold eqv MRE is a welcome piece of news which should not be underestimated. Fair play to SD and his team placing some heat on the NCM team to confirm that. Onwards to a year end updated MRE of circa 8.5 - 9.5m gold eqv.

Antigua - I think the decline progress in actual numbers would have been off limits. I would have thought SD could only comment in actual depth if NCM had declared it, which they didn't. But agree the funding question surely was the obvious one. If he was prepared to offer 85 million back in March he must surely have his books in order. My only concern is that interest rates across the world have gone up since then, so it maybe a little more expensive now to us. At the same time I would like to think the banks like the idea of 30% now and not 25%.

I think what is interesting to note, whilst many of us thought NCM would take up the 5%, JPM continued to grow the short. They do know more that probably any of us on this board at what is going on. SD funding news and JPM closing some of the short at least, must surely signal a recovery in the sp.

Thank you TT and LA, much appreciated.

Antigua - I asked the same question to the board a few weeks ago. GGP's updated MRE this year was for drilling up until mid Dec 2021, I believe. Will NCM announce an updated MRE based up until end of June 2022 - or wishful thinking. Thoughts anyone?

Ok thanks Kieffy. I would very much doubt 10 million - according to SD we have 6.5 equivalent. 10 months of drilling increased the resource equivalent of 2.1 back then, so for 6.5 months extra drilling- maybe another 1.3m, thus pushing close to 8m could be possible.

Kieffy - just to clarify, given your statement below, we will have 6.5 months of further drilling from the cut off date GGP used to work out their upgraded version. Have I got that right?

We will just have to wait and see Monty. It could very much rise and then drop on the confirmation. However if it does and although frustrating, GGP's narrative has turned a corner for the better. By then we will be debt free, banking options to take us all the way to getting that gold out of the ground, which will lead to cashflow coming in. At the same time the asset continues to grow and who knows what could happen if we strike on another license. As I mentioned earlier, NCM must start promoting Hav as they did in the past as its a great narrative piece for them too.

Agree Chester, they have been playing it down for the last 8 months, whilst the value of the 5% was evaluated. Now thats done, I cannot see how they wouldn't purchase the 5% now. Once they accept it, then, yes surely they have to start getting the PR machine back in motion. SB may have had his nose put out of joint by SD due to his smart move of upgrading the MRE himself, however I would say the Board have bigger issues to deal with currently, falling share price etc. This is a good news story for NCM, they have secured 75% of a monster relatively cheaply next to Telfer. Unless they have further ulterior motives... circa 3 weeks, we will know more.

Dodge - I miss Geodave, always very informative - the days when all got excited when someone spent 10k, but at the same time they had managed to pick up 2 million shares!

A wee Vox interview would be welcomed either with AS or Neil, in case we manage to receive a few more golden nuggets of info.

Whether its SD's priority target or not, if someone is going to give you 100k against drilling costs, you not going to sit back and say no. Every little bit helps and once again it only needs to make one strike to make a difference. We have to diversify our time and effort whilst NCM do all they leg work at HAV. No shareholders want a experienced management team to just sit there and do nothing.

That narrows it done TT - cheers!
Some of those large step outs would be a help too, maybe too early for that.

Right, approximately, how many drill results are we due this evening?

Agree Richob. The more "giga" partners we have in any of our products combined with positive results will ultimately lead to a buy out, however more importantly who would win the battle and a what price. However not to get ahead of ourselves, plenty of work to be done in the meantime and patience required by PIs.

Starbright,

All valid points you make. The last paragraph though, "but AVCT should not expect positive investor/market reaction to announcements deliberately obscured by smoke and mirrors."

I don't think CEO is expecting a positive market reaction either from the announcement, the key message is that the story continues to develop further with this giga partner. If you build the story, backed up with positive outcomes and facts, then the market reaction and SP will look after itself. Having a diverse array of products and services in this and any company provides value in the long term.

Good to have you back Poirot!

never mind the POG, be great to see a disclosure of some nickel findings tomorrow evening. We can but hope. GLA