Member Info for Dunston

The area comes with baggage as we all know. Hopefully the 20% carried interest given to the tribe does the trick.

His father didn’t set up Texas Oil & Gas

A smart gold fund investment? Eh what?

Regarding Australia - DB mentioned many different countries as potential new homes for the Runruno plant but that wasn't one.

Lee - On DB's fault in all of this, I would say naively talking about Dupax and Abra being company makers without flagging the extreme risk that has transpired. I didn't invest initially for these projects but definitely added for them as the market was assigning them zero value

That growth strategy slide at the start of the investor presentation getting decimated. Annoyed with DB on this one, Dupax fair enough as a once off, but he was still going on about Abra even after that, in an area with a history of even more strict resistance from the local indigenous groups

Where's our PSC Stan?

GDXJ is down as well on the day, so we’re not the only ones

Don't think you'll be getting a source for that. And 145k from December? Give it a rest - Darren has said to expect just over 100k in 2027 whilst in ramp-up. On resource update - he doesn't intend to spend time or capital proving up the resource before mining. He has said he doesn't need to prove it on paper - production will demonstrate the scale.

What kind of news?

Interesting to see the reaction online to the mine closure being reported, again its 100% anti-mining environmentalists seemingly from locals just like with Dupax. Nobody making any noise about loss of jobs and royalties/taxes

So these two new opportunities are both under exclusive and direct negotiation? Sounds positive, i.e. no competitors at this stage or proposed bidding round like Sarawak

Saw Kamarudin Meranun was involved in a bid for Shell Malaysia's LPG assets in 2012, working with Oman's National Gas Company. Some background at least!

Who would know more about PSC prospects, the long term Malaysian shareholders from Tune with a background in Asian energy sector or Marc Bruner who was introduced to Upland a year ago?

Antroot - agreed with that

Dupax certainly did become messianic, for me at least, because Darren was attributing more cash flow coming from it versus La India in his Crux interview from 12 months ago. 4-500m cash flow by 2028. 180m from La India, therefore 220m - 320m from Dupax. Go watch it back, he's way more bullish than he was today. Abra is a carbon copy of the issues at Dupax by the way and he was very quiet on that today. Thank god for La India and lets see if he can work some magic on the acquisition for the Runruno plant, dare I say we're owed it after the Dupax let down.

There more than likely was an economic resource there. Darren didn't build a road for nothing, as well as all of the local initiatives for the last 6 months and the typhoon clean up operation. The Runruno plant needs to be repurposed in September though, and there was no chance of getting a mining license before then with the level of current opposition, lack of local government support and a congressional investigation about to kick off. Plug needed to be pulled no matter what the resource was. Not sure why this isn't being understood, his comments today back that up.

How can you rule out dilution or finance to acquire a construction ready, sizable resource in the next 3 months? Sounds like he's looking in South Africa, Central America and further afield in Asia

Those that were dismissing the local opposition should eat some humble pie, it was clear from following the scenes on social media how big an issue it was

The interview is landing…

Joking!

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