Member Info for DRB83

Livestock, where does that say shovel ready 2021?

any chance the nellies could either sell up or put in bottom drawer and come back in 12 months. you're all just repeating the same nonsense and frankly talking ****. bg is 80 when he's 71, han**** shovel ready in 2021 when it was 2023. please, let's just share facts and even ok with opinions but don't brandish round lies and misinformation just to try and prove a point. its just poor form.

So results next week, 9 holes with visible silver. Still open at depth and surface? $ilver about to breach $100. Lets see.

In his defence, BG is 71, 8 years younger than the guy running the USA. Plenty of life in the old dog yet.

very good honest interview and if that doesn't perk the nellies up after all the noise about no introductions then nothing will.

good to hear him confirm we are in a better position now compared with 6 months ago. nellies, please note.

i'm confident we'll be in an even better position 6 months from now.

bruce seems to get the shareholders perception which is reassuring.

very quiet on han**** for obvious reasons imo. you won't get anymore than that until a deal is announced.

i'm sure you all heard him say, just sit there do nothing. eh and mm will look after themselves, han**** will be over the line when its ready imo and the admin side of new tenements will be happening concurrently.

we are a project generator. we need projects at all stages of a life cycle. sit back and wait.

some people see belinda murray stepping back just as bruce garlick steps up and think: “wasn’t belinda meant to close han****?”

in reality, this change fits perfectly with a deal moving into its final stage.

the person who structures a deal is often 'not' the person who signs it.

belinda’s role looks mission-complete

belinda was clearly brought in for a transaction-heavy phase.

* governance tightening

* jv architecture

* counterparty readiness

* getting the company “deal clean”

her notice period is weeks including a short consultation stint, which strongly suggests:

* the structuring work is done

* there’s no unresolved governance issue

* her mandate is complete

if han**** were still early or stuck, you’d expect her to stay longer — not leave sooner.

bruce garlick as executive chair = execution mode

promoting bruce from ned to executive chairman (immediate) concentrates authority with someone who has:

* iron ore experience

* permitting and ml familiarity

* credibility with counterparties

boards do this when negotiations are advanced and need hands-on, senior, day-to-day control. not when they’re still “exploring options”.

governance has been tightened ,ahead' of something material and at the same time:

* a senior independent ned is appointed

* executive power is clearly defined

that’s textbook aim behaviour 'before' a major transaction. it:

* ensures process robustness

* anticipates scrutiny

* keeps the nomad comfortable

this is proactive governance, not damage control.

the right way to read this imo is not “the closer has left” but “the architect is done; the executor has taken the chair.”

that transition usually happens late in the process, when discussions move from 'whether' a deal happens to 'how and when'

bottom line from me

on aim, boards simplify and authority concentrates right before deals close — not at the start. there are ample real world examples of this. han**** now looks to be in that phase.

gla

patience ping. are fundamentals getting worse as each day passes or better. even the sp has found some stability.

gre confirmation of mm today.

confirmation of access rights at han**** tomorrow

wce results to land any day.

ac results next month

han**** jv could be as soon as feb

gre results march

mres q2.

just have a little patience. constantly beating the same moaning drum isn't going to impact any of this.

Chris2 believed ufo would fail outright. It hasn't and won't now. He was right that we wouldn't be able to go it alone as we tried for a few years but he thought we would be diluted into oblivion. Well, he got that wrong and thats the critical part. He didn't foresee the turning point, the change of strategy and what was once a company treading water as the waters slowly receded is now a different animal. Strong foundations and many projects being monetised in a PM bull market. Chris was right until he stopped being right. I bet the other way and averaged down significantly. Its always impossible to get the timing right but considering my first purchase was at 3p back 2020, im happy with my average now. Just a case of waiting now.

Moon has a good point smiller. You've gotten yourself lost down a deep dark rabbit hole and can't seem to find your way out. Sounds like your mind is made up and won't be changed. For your own health, sell up and reinvest somewhere you have positive thoughts about. Ping knows a company that ticks all your boxes. Just bite the bullet.

Smiller, give us an example of a mid tier silver explorer that you would have been happy to jv with.

That's a very binary non commercial way of looking at our deal smiller. You're assuming our deal has a winner and a loser and despite our sp doubling and even 4 bagging at one point post deal, because its not as big as the wce gain, it must be a bad deal.

The way I believe you should look at it is, was it a good deal vs our other options.

1. Do nothing and keep. Wce have already raised £6m so this wasn't even an option for us. Even if we found an investor with a very high risk threshold they would have wanted a placing price of 0.04 and 1 for 1 warrants probably with a conversion price of 0.06. For the money we would have required to go it alone it would have finished us. Not an option.

2. Jv with another junior different to wce. Why, just so RS isn't involved, it would have been the same deal and as wce needed a flagship they had the perfect motive for us.

3. Jv with a mid tier. We would have got 10% and a much smaller % holding in a sp that would not bag nevermind 7 bags. We would have completely lost all upside exposure in eh.

4. Jv with a major. Even worse than 3.

So as I see it. We had 4 options and the bod picked the best one and we have bagged since and will likely bag several more times. Wce got a great deal and we got a very good deal.

Its fantasy land thinking, thinking we should have done a different deal. People need to turn their commercial acumen on and clear those trees. That where the woods are.

Just a fantasy world. Keeping everything stopped being an option in 2024. Both parties won with the eh deal. Our sp still to reflect the fundamentals of it but is heavily weighed down with our explorer dilutive past.

If we would have kept it. We would have 20bn shares and be 0.02 now.

If we would have jvd with a partner, we would have 10% and 50,000 shares in a company that ticks 0.5% every week.

Once you clear the trees, you'll see the woods.

Nothing will happen with an open pit silver mine in a silver bull market with silver looking to breach $100. Sounds idiotic doesn't it.

Yep, that was 2023, it never happened and here we are, so should we keep going on about it for the next 3 years too.

Showing your true colours now Nobody. At least with Ping, Smiller and Chris, you can see they are holders, disgruntled ones, but holders nevertheless and hoping ufo comes good. You clearly would like to see nothing more than ufo fail miserably. Each to their own but surely time would be better spent researching your actual investments.

Anyhow, a little science for you. Well first, below from the wce rns in December.

"The two deepest holes drilled to date confirm that the Elizabeth Hill mineral system continues at depth,"

Now even my 15 year old can understand that.

Now for the science.

These 2 intersections show:

A large, structurally controlled hydrothermal system active at the ultramafic–granite contact and Munni Munni fault with alteration and veining consistent with Ag–Au ± Cu potential

If assays come back weak → it’s just a fluid system. If assays come back strong → this is exactly how new mineralised shoots start to reveal themselves.

A bit of homework for you. Look up:

Sheeted veins (multiple parallel veins)

Stockwork veining (dense network of cross-cutting veins)

Strong silicification

smiller,

"exactly , cant even do their own press , they just popping out the rns of 2 other companies as if thats enough. its so unprofessional"

what would you have them do. have you seen those rnss from wce and gre. they give you everything you need and more. would you want her to waste her time rehashing them just to tell you the exact same thing. she's a transaction specialist not a geologist. i'd rather her time be spent finalising han****. i can read the wce updates just fine.

Smiller, consider it pent up demand just accruing in the background. Assuming the silver price stays up there then given we have 36% exposure to a high grade silver mine its just a matter of time before the accrual gets released. Quite frankly, its a great time to accumulate. Soon we'll have more results that will hopefully lead to a larger mre in Q2. If Radio Hill comes off, game changer. At that point, if silver sustains this rise, do you really think our sp won't start pricing it in. Its just unrealised gains at this point. Lot of ifs but thats what AIM is all about.

JMA46,

Have you ever started a new job and been blamed for your predecessors mistakes and failures. I assume it wouldn't feel great. That's exactly what your doing here with this bod. With the exception to Liz Henson they've been in situ less than 4 months. They have done 1 placing so how can you say this bod have diluted it so much. What they've also done in that 4 months is:

1. JV all minerals except Silver at MM with GRE

2. Obtained a written agreement with Bennelong to payback the loan and avoid significant further dilution with warrants etc

The nellies aren't bothered about that though as it doesn't fit their narrative.

Nobody, its hardly the same news. Eh drilling will confirm continuity at depth or not. If it is that is news, not old news. It also means more silver, bigger mre and larger project npv. Several DD results will also confirm continuation at surface. Same again, bigger mre etc. Air core results will indicate if there are other shoots in addition to the eh one. That is game changing. Have you not been doing your research.

Lol. BM may just be our true loves kiss.