Member Info for Dibs61

There’s nothing to wonder. This stock has always been generally very thinly traded, very illiquid. All of which results in exaggerated movements up and down. Who on earth would buy though given the shocking history of failure? Falling knife springs to mind.

Shareholders even with only a relatively modest stake are basically trapped here. You couldn’t possibly sell in quantity without MM’s mauling you on the price. So people just say ‘I’m holding’ …as if they have a choice!

Lex is currently asset rich but cash poor. Yes they recently got a small cash boost but they have to monetise the USA assets to provide the necessary capital to accelerate the exploration and development of their fantastic assets in SA. Very very bullish here and this will be valued at multiples of the current MC given the current gold price and bull market. The key to unlocking all that value is a sale of the USA assets.

Do you lot never learn. This very very modest rise has been triggered by traders who will bail when they get their 10%. 🤷‍♂️

A chairman who likes and retweets mega rampy posts by the no.1 ramper here makes me uncomfortable and lacks credibility.

It lacks the discretion and professionalism one would expect from a leader.

“I’m not even here for 5x mate, we’re here for more than that”

Alex Walker CEO of East Star Resources - *holds a 14%+ stake in the company*

Llama farmer - absolutely spot on. Oakley rewards himself handsomely for utter failure. And don’t blame it on the NHS.

Blame it fairly and squarely on the shoulders of the person who runs the company. It is HIS failure and Nobody else’s.

I know they have some cash left (to burn) but The only possible way to prolong this charade any longer will be to dilute shareholders to absolute oblivion. Oakley ‘may’ manage to pull it off early next year but PI’s (as usual) will be completely shafted. If so It will be the final one before the curtains close.

Scrwal - of course it is purely speculative to suggest that ‘ any JV will be heavily weighted in the third partys favour with EST not getting much in a lump sum.’ Alex has already demonstrated he is ready to say no. If he has to say no again then another small raise it is.

You sound rather like a stale bull. We are in a good position to negotiate at the least a reasonable deal. CAML look likely suitors for a deal and not necessarily a JV - could be a sale (as you stated in a recent post) and they, going by recent statements, are keen to add to

Possible sale or farm out of Verkhuba…. Could feasibly be either? I think the key for EST is receiving a sufficent amount of cash to cover the cost of all their other projects development short/medium term. Alex is so heavily invested personally he will want to avoid any dilution if possible.

IMHO the market is absolutely missing a trick here. Even a relatively modest deal on an asset like Verkhuba, with such a low current market valuation this will bag at the very least, probably multi bag.

SP topped 4p in 2024 just on the possibility of a Verkhuba deal. The same asset is going to be more valuable now with an increased resource and higher copper price.

MC @ £7.6m here is ridiculous.

Less than 3 years ago, you could definitely call them the halcyon days now, this reached a heady 182.5p

It’s now 8.8p

It is a dereliction of responsibility to blame it on the NHS. The company management is entirely responsible for their failed strategy, execution and business model. No one else. Great product but inept management. And now it has surely been usurped by AI.

Desperately needs new leadership to have any chance of rescuing this because right now it’s going under. Anish Patel could see the writing on the wall.

Could the smart money be quietly exiting while the small guy buys thinking he might have a bargain?

The SP rarely lies in my experience.

H5O - of course the shares are not ‘oversold’ because there is only speculation in the current SP. Nothing more. It could multi bag on good assays but equally it could drop more than half on poor ones - maybe more.

We were told drilling operations commenced on 21st July (Hole 1).

Ref Hole 1 We were informed of the following more than two months later :

‘The first drill hole core samples are at ALS Laboratories in Perth and have been cut, with sample preparation underway. Assaying will begin shortly and results expected in the coming weeks.’

So almost six weeks have elapsed since we were told that assay results expected in coming weeks.

There are specific circumstances in which they might be permitted to withhold results and, of course, there may just be a delayed backlog. We just don’t know. What we do know is that any company that has good news will be falling over itself to get it out. I have lost trust in this outfit. No update in two and half weeks… nothing to say with two rigs running full time… Really?

Good timing for EST…

https://www.msn.com/en-us/money/markets/copper-prices-in-london-hit-record-high-on-supply-fears/ar-AA1Ppy40?ocid=BingNewsSerp

DrAl, I 100% disagree with you. Do you not understand the concept of share ownership? It is extremely poor, unprofessional and disrespectful investor relations to fail to respond to shareholders emails. Are you trying to tell me that Oakley does not have the time to offer the courtesy of at least an acknowledgment to someone who has part ownership of that company?

HE (Oakley) is working for YOU the part owner.

Feedback have generated next to NO business for months and Oakley always has time to attend pointless meetings, workshops, events etc (ALL at SHAREHOLDERS expense). So he can damn well find the few minutes a day it takes to answer, I’m sure, no more than a handful of emails. Or failing that get one of his minions to do so!

However the truth is he doesn’t respond because he has utter disdain for shareholders and he is too busy milking this cow until it is dry. I ask you a few questions DrAl how many shares does Oakley own? How many times has he bought Feedback shares on the open market? And how much do you think he pays himself?

What a ridiculous decision to release a director purchase RNS AFTER HOURS on a FRIDAY! It’s a positive announcement- buying £15k worth of stock on the open market. ……and you hide it.

You couldn’t make it up.

The pivotal moment for me was when, after much anticipation, the royal Victoria hospital contract (which remember was the ‘blueprint’ for the NHS) came in at a fraction of the number actually quoted in the tender. That was damning. They’d had to give it to them for a song.

I must admit the SP has been a bit more resilient than I thought it would today. That said, it clearly was NOT a positive RNS and all the spin in the world by holders here won’t change that inescapable fact. If they’d found anything promising you can bet they would’ve told the market. They are bound to do so. Intersecting expected rock sequences means diddly squat if you don’t intersect mineralisation. Yes the information gleaned will be helpful going forward. But they’ve already said they won’t be drilling for a few months now, possibly 4,5,6 months. That hardly makes this a buy does it?

There is no short term bull case here.

I stick with my forecast that this will drift down slowly to between 0.15 and 0.20 before the end of the year.

SP says I am spot on in my assessment. I just say it how I see it. I have zero interest in buying here. Why would anyone on the back of that RNS.

It’s pretty much a copy and paste of the first hole RNS. I will spell it out because holders are obviously in denial.

They haven’t found anything of interest. Nothing. If they had they would’ve sung it from the rooftops. No pictures of core.

This is going back to 0.20 eventually once it sinks in.