Member Info for eastern_investor

These are a touch late I think. There could be good reasons for this but would it not be better, for confidence and credibility, to publish such dates in advance in a similar manner to quarterly results ? That way speculation around reasons for delay, both good and bad, would be avoided.

I hope we get an update on when the buy-backs will start up next week. Now is the perfect time to but given the recent sale or off course, increase bonuses.

So what shall we see this week ? The opening of Fairbride ? The completion of the survey ? More drill results ? More assays ? or a series of small drops back to 6.00 ? I hope for the first two.

For once the market actually likes a positive RNS. This normally falls on good news.

Now tat my rant is over, I have just invested my dividends in a bank with a blue bird as it's badge. Stupidity cannot be ruled out

At least the buy backs , if they start immediately, will delete more shares at this price. The bigger challenge is strategic, how do you convince people of a change in culture? This error simply should not have occurred. The bank needs to come out publicly and state what is being done to correct these errors and how this change in culture will be evidenced. The Investment arm is of prime value to this bank and needs to be treasured, not run like some back street Las Vegas high roller casino. The bank and the CEO need to come out in state what they intend to do to protect shareholder value, not bonuses. Rant over.

Mr A, I like others on here are sorry for the loss of your mother. Dementia is a hard challenge for all, having been through it myself with my grandmother and mother, sadly you will soon become an expert at phrases such as 'needs assessments' and 'care plans.' Take each new challenge as it comes and remember, there is no hurry, concentrate on getting it right first time as there is a lot of bureaucracy out there.

I agree, there is no way we are going to be anywhere close to a deal if we are still scoping out the product, who would negotiate under such terms either as a buyer or a seller ? Perhaps that explains the recent slide in SP as the market has sussed out that once timescales are off and we are once again waiting on 'jam tomorrow.'

I think investors are nervous. We need a steady flow of news to keep morale high otherwise fears of 'same old CB' arise. Updates on drill and assay results are overdue and the closer we get to April without any positive signs, the worse it will be. The last set of drill results at the edge of the pit were fair enough, all pits end somewhere but there are still a lot of unknowns out there. A nice update on all the African projects would not go amiss now if they cannot release Australian results due to negotiations.

I like the rise we have seen over the last week or so, we just need some more news to sustain it, come on Colin, lets have an RNS on assays, new porphyries and of course, Africa.

I doubt he would be an individual holding shares and voting rights for others under his own name, that would not meet professional standards for anyone involved in the finance industry (think of the potential for laundering and ponzi schemes)
This will be a private investor, the good news is that if he is prepared to put his own money in, he may well be advising his private clients to do the same.

I do hope we can finally break out of the 5.9p ceiling, otherwise we just face another few weeks of slow decline. The latest news is excellent btw. As for the future of this company, I hope for a good sale and then the money used, not for dividends but for a round of mergers, acquisitions and portfolio expansions. All big companies start somewhere.

Definitely a 4p dividend, but perhaps only 1p special dividend and yes more buybacks

Leo- Good find, thank you for the research. This explains everything nicely.

My only concern is that he was a non-exec director. Their role is to not contribute to the running of the company but act in an oversight capacity as a critical friend. To have one resign without more explanation is a concern. As you say the market is not bothered so it may well be he has new interests elsewhere and is rearranging his work. Once again, the current board needs to act quickly to dispel any doubts, otherwise we just provide fuel to the like of downigogo

Look folks, if CB wants to post on this board as an alter-ego pretending to be a de-ramper let him do so but do not give him too much attention. He is probably dropping hints about his retirement from the mining industry.
Thank you for all your comments on worst case. It is handy to keep things in perspective. We just need some drill and assay updates. Any chance ThisgoesdownIgo before you retire ?

De-Rampers aside, what is a reasonable worst case scenario for Racecourse/ Footrot/Ascot i.e no meteor strike wiping out humanity etc ? I am grateful for the very constructive comments on grades and possibilities and happy with progress so far but what could go wrong here ? e.g low to medium grades across Racecourse when the JORC is produced, Ascot being a dud .
I am a long term holder with over 30% of my portfolio invested in this.

Indeed, a good few days here. Let's see if this has momentum to now push on through the 2.02 barrier we were at in October. We are due at least a 4p dividend in next months results so that in itself is good news.

I do hope there is a nice RNS on Tuesday or Wednesday to sustain the latest surge otherwise that 'donwigo' chap will be back on predicting a slow fall.

Instead of or in addition to a no doubt upbeat interview, how about a nice RNS containing updates on Africa, drilling, assays and future plans for Phase 3 or a full JORC ? That would be a great way to cap the year.