Member Info for eastern_investor

We could do with a decent update on the other projects including the new ventures, unfortunately, this is something we are used to and the lack of information and the age of the updates is self-evident. Any new investors need to get used to this aspect of our leader.

The best bit is that we are regarded as 'bashers.'

This company has plenty of potential but we need more effective leadership. The lack of updates on these other projects is indefensible, especially Kakuyu and Bushranger. [ Challenge to Howezap]

A good concise update. We just need the issue of the physical licence.

I also agree that CB needs to now state how this will benefit shareholders. Whilst pay rises and bonuses for the board are all well and good, they are of little benefit to the rest of us.

This will only move once the licence is formally issued and contracts are signed with clear costs and time-lines.

I would like to see the launch of a share buy back and a dividend payment once the above are completed.

This is a positive development but we should not be popping the Champaign corks just yet. We now need confirmation from the Ministry of Mines that Hope is good to go; given the nature of bureaucracy we do not know how long this will take. Following this, CB needs to set out a clear timeline on development.

I personally believe there will be no dilution to fund raise as CB has been buying stock recently. A JV would be the best bet and provide hands-off advantages.

This off course is all dependent on CB, just because we have a full licence does not mean anyone is going to put a shovel in the ground anytime soon but all the same, this is a positive development.

Zap

All development options you suggest make perfect sense and I would prefer spinning off Prospect Ore onto the AUX to gain funds. As you point out, this is dependent on the optimisation phase and there has been nearly six month since the last report. That is where my concern is. Whilst we all look excitability over here, what has been happening over there ?

A lot of LTH invested on the back of the 'big 'un' that Bushranger was meant to present based on comments by CB matched by thoughtful support on this board by some key members and we deserve an update and timeline.

It has now been 5 months since the last update on Bushranger which showed potential benefits of new technology in increasing grade quality. What is the next step ? This cannot become the elephant in the room and it not unreasonable to expect a decent update one way or the other.

The last three updates have been good and that is from me, a 'basher' . The next big challenge is Bushranger. It has been five years since the daily updates on how well the drill was delving and all the hype that went with it. I learnt about 'big 'uns', 'cigars' and all kind of things then and there was evidently no 'bow.'

Now, this week, will we be treated to an excellent update on the Bushranger resource update or will this now be the time to write it off so that it can join the likes of Kankuyu and Eureka with the impact softened by the latest good news ?

I agree that the company has been damaged by past promises, missed targets and lack of updates. When your credibility is damaged there is little trust.

On balance, the latest RNS is positive and again well written and this is welcome. A timely update on Bushranger and Chilibwe would show green shoots of a change of culture within the company.

Guy

I have worked in a large public facing organisation and I know the difference between statements that require executive, legal and media specialist oversight and those that are simple statements of fact. At the end of July 2024 we were told drilling was to commence in three months. An RNS to this effect was vital from a professional and credibility perspective. The lack of such is indicative

of the at best haphazard way this company is being run.

With compliments

Eastern

Guy

I have worked in a large public facing organisation and I know the difference between statements that require executive, legal and media specialist oversight and those that are simple statements of fact. At the end of July 2024 we were told drilling was to commence in three months. An RNS to this effect was vital from a professional and credibility perspective. The lack of such is indicative

of the at best haphazard way this company is being run.

I am pleased with the recent announcements though and also understand the delay until the seasonal rains finish. What is disappointing is that all this angst could and damage to credibility could have been easily avoided with a a simple couple of RNS announcements in the last six months which even a company intern could have written in a succinct and factual manner. The lack of professionalism still troubles me.

If anyone on here is being paid by CB to ramp the SP then they are just about as capable as CB in doing their job. Neither are any good and who would be kidding who here? If you are going to pay someone to ramp your SP you would at least expect some success ?

Monty, read my posts and decide where my support is. Mr T on the BZT board is correct to be skeptical about the development there.

[stands up defiantly] ‘No, I’m Colin!’

Hey, Look over here ( Morocco) ! It's Amazing, Look over here everyone.

Wow, this is getting heated ! Calm down folks, it is only our hopes and dreams and retirement funds. For what it is worth I am very critical of Bird having once trusted him. I do not believe Andrew444 is a company poster. The likes of OSV and Irishdeamon are pure rampers or even interns trying to impress the boss. Whilst I disagree with some of Guy's logic I think he is heavily invested here and is trying to keep some positivity going.

Hat's off to him as each morning he has the herculean challenge of trying to come up with some sensible logical argument to cover for the complete mess CB is making as he tries to run this company whilst taking an huge salary.

But who would invest at this stage ? No development in 8 months apart from a dubious JV which incidentally has disappeared into the ether and a commitment to buy some spoil heaps. Wow. Pressing the 'buy' button makes no sense whatsoever. Where is the update on our licences ? Are we wait for the 31st July again ? What about the further work at Bushranger to prove the resource? The only thing that has happened in the last eight months is that Colin has been paid.

AI Warrior

You are correct about this chart and the ones for his other companies. On the plus side we have half a licence at Hope and just need an environmental clearance certificate. Irish informed this board on the 18th December that it would definitely be issued by the end of Jan '25 but nothing has happened. Maybe once issued we will hear more but then having a full licence does not actually mean we will start 'pulling up trees' or making holes in the ground anytime soon with CB.

All we need now is the ECC for Hope and we will be sorted. Irish, I wonder when that will be ?

Any ideas ?

Oh well, what did we expect from a trading update in reality ?

As usual we have 'Don't look over there ( 5 licences, Silverking, Mankuyu, Bushranger even Chilibwe)', we have yet another 'Look over here'.