Member Info for eastern_investor

Has anyone seen any publicity for this event ? All my searches return information from last year. They need to do a better job then when they showcased the pork steak being cooked and eaten as that went down like a chubby kid on a see-saw.

Zap, you may be correct here. This outstanding option to purchase 20% may be the final duck that needs resolving and pushing into line as part of the DD process.

The problem is that there is little faith in CB and this finance outline plan is nearly 6 months old and his reputation goes before him. I firmly believe any failure in the agreement needs to be subject of an RNS but this is the AIM after all.

An update would be appreciated one way or another.

Some exciting developments for sure but until the finances and shares are cleared up, investors will be scared away. Who knows if or when the consolidation will take place, will there be a subsequent dilution and if so by how much ? Or will the company seek a partnership or some other funding option such as a loan or royalties?

Stunning progress with the corneas, citymix and leather but we need some confidence injecting as well.

Investing knowing you may get a huge write down in the value of your shares is a daunting step.

I suppose that if the finance deal has been scrapped by either party, CB would have to declare it as it is critical information pertaining to the company as he used an RNS to declare the initial deal nearly six months ago.

I know this is the AIM where rules are looser but something as material as a collapsed deal is significant. Any professional company would update its investors in any case given the delay and the earlier comments about the imminence of operations and finance.

Q2 now approaches and next month will be six months since the finance deal was announced. Our ducks are still in a row and yet nothing.

The longer this drags on the more CBs reputation comes into play. Will he choose to fall back on his go to option of dilution rather than a loan ? I appreciate the other progress but the longer we wait the more doubts arise.

At risk sounding daft, I take that in the new world there will remain 128m shares but say for example someone holding 120000 shares now will only be left with 10000 ?

Great news about Roxy btw.

Ted. Thank you,am excellent sumary.

We just need that finance deal so we can get some shovels in the ground.

I am happy to see this officially confirmed. However, I have a question. Why did we actually need the mining licence attached to the NZLM in the first place ? We have our licences at Hope and Gorob and we have the physical processing plant which was our key objective as it could be converted. Surely this extra licence for zinc and possibly some silver was just an ancillary benefit ? Why was it of such key importance to our project. Thank you

The fly in the ointment of this massive devaluation haircut is that they could not get the prospectus out. I can see why people are selling up to avoid the paper devaluatiilon. Am I missing something here ? Surely the stock is trading at its original value until approval is given ? Thanks

Optic. I am sorry. I thought you meant 367 actual shares. It has just appeared.

That 367 share trade has really set the herd running. Nice one...

Such a shame the MMs are using the share certificates to line hamster cages.

One can only hope that next week an alternative funding deal is arranged. Maybe sell 1 or 2 T Rex hamdbags ?

A small punt is probably 1% of the company ... and the office coffee machine out of the office thrown in.

I hope they have a plan. Someone sold approximately 8% of the shares this morning. They need to reassure the market or this will hit the wall next week. So.much potential here. A fire sale would be tragic

Well our ducks are in a row that is so tight it would impress the harshest drill sergeant. We have a plan- sorted, we have a processing plant- sorted, we have started to employ workers- sorted, we have renewed licences- sorted, we have arranged logistical contracts- sorted.

So now where is that finance deal confirmation that was announced in October ? We are now marching towards Q2 for something that should have been sorted by now. What are we missing out here in terms of 'due diligence.' Is CB considering a different option to raise funds ?

Patience is getting tried.

This is due by the 24th and thanks to Ted we are not reliant on CB updating us. My question is that since CB has placed such an emphasis on this being vital to the project timeline, if there is no renewal would the company need to issue an RNS as this information is likely to affect the share price?

I do hope there is a renewal as this licence has been in existence for 10 years and we are just caught up in bureaucracy at the moment.

Dare I ask your buy in price? That is pain. I hope you have averaged down.

Hemo, "CB needs to step in and communicate clearly."

You must be new to his companies then.

I believe it is still awaiting renewal but at least thanks to Ted we can track it. This is an old licence with the promise of new work so I not too concerned.

Zap, my goldfish memory remembers you clearly reassuring everyone each time a drill result from Bushranger was received that things were all good and the future was positive, that is until another regular poster did the maths and Bushranger was found to be bare. It has been mothballed, to say it is in the hands of a third party consultant is a pure Karoline Leavitt move. I would dearly love to see this sold, even to get our initial stake and exploration funds back.

As for residual doubts, this new mine sits outside of our JV for the mining license for the area but still forms part of it ? We had 50% of the mining licence and hit the threshold to gain another 20%. Yet somehow , we are paying $1.5 million to get 30% of a new venture? How does that work ? Did Cooperlemon say, ‘Do not think of that, try this ?.’ It feels like we are sitting at a table in a restaurant awaiting a steak and the waiter brings over a pot-noodle and we still smile and say thank you. How about a mine in our mining licence that forms part of that licence?

I do want Xtract to succeed and will rejoice with everyone else if we hit 5p but we need movement. Our last substantive update on West Foreland was in March 2025. Are we to assume drilling has recommenced or is this drilling window some magical three day window when moon beams hit a certain rock on the plains.

Your suggestion that I want to suppress Xtract whilst waiting for fruition in another project such as BZT is actually a good idea but sadly no, that is not my motive. I would like both companies to succeed and have no care as to which does so first.

An optimistic thought ? If Charles Archer's guess that the finance partner is Glencore then the merger negotiations with Rio may have been a blocker.

Although the BZT deal is small nevertheless it represents assest growth and whilst negotiations were at a formal stage there may have been a jointly agreed moratorium by both parties on such moves.

This BZT deal has been held up and there is a small coinincidence here. Now the Glencore Rio merger is formally canceled we may see movement, that is if Charles is correct in his guess work.

Happy to read about the progress at Silverking though I have some residual doubts over the 33% of a mine for $1.5m v 50% of the exploration licence.

However, we still have no updates on Westforeland, Wildwood, Kankuyu, Bushranger, Chilibwe or those spoil dumps. Much time has passed since we last had news. Remember, these acquisitions were all in their own right attention grabbing ones when news was drying up on earlier projects.

We need a strategic update.

Mining is great but 1 out 7 is not good enough in terms of progress or communications.