Member Info for elir71

A little out of date now.

its a back of a fag packet calc, looking at mcap in 2016 at start of Maersk trial and dividing that by the shares in issue today. That's without our "benefit of hindsight" and all the other technical developments and imminent probable success at Utah.
I'm targetting 11p by end of Q2 x 2021

With respect to the progress made with MSC, would it be a good time to revisit the bod's item 6 from the last general meeting and grant them the finance raising powers they sought ??

Not only is the fantastic news on lono trial but the posp is working see tomco rns

I dont know if we got samples to ProGraphite before lockdown

Does anyone know if there is any non gold lab work in progress over the winter ? I dont think there is as there's little in the way of samples to be tested from anywhere other than Wales

HH ... those latest figures giving production at horse hill. Is that total barrels of oil ever produced there ? Is there any news on any potential income stream from there. Its like a black hole of information. The only first hand accounts Ive seen are investors on groups taking photos of and counting tankers leaving the site. Compare that to the information flow from a few years ago. Its not my favorite project at all, but I would at least like to know what its doing, even if it is bad news.

@magical hat 27 March 21
I believe they're vested in GF and a staff member

I'm expecting good news in ample time before the final exercise date of the 0.42p warrants

You clearly have little appreciation for the education and training required to qualify as an engineering officer
Since you are so proud of your ability to read papers, perhaps you'd do us all a favour and disseminate something relevant to this company that you may have picked up as opposed to taking personal cheap shots at people of whom you have no idea of the depth of their knowledge.

With respect to the unusable sample, I would agree that the erronous sampling was not QFI's error
However, not imediately disclosing this to the shareholders is poor communication at best, evasive at worst.
They should have been upfront and honest with the shareholders immediately this came to light

I've every faith in the BODs technical ability and application. I believe, but I could be wrong, that the best course of action is to concentrate everything on Utah, as I believe the ensuing credibility will make the process far easier to sell moving forward.

SO the opinion of anonymous keyboard warriors have greater credence than marine chief engineers
... your arrogance beggars belief

When it only comes to light that the supplied samples were unusable in an investors conference, then it is understandable that there is an erosion of trust. All news, including bad news should be reported to shareholders in an open and honest manner and not subject to "news management". Just tell the truth ... simple.

Now, I'm not quite as furious as Crippen with the bod, but I bought in and added in dips and topsliced profits on 3p+ visits.

I know Crippen well , and served on the same ship in the Maersk group, so you would take his opinions on marine engineering with considerable credence even if it challenges your preconceptions.

From my perspective there is only one game in town ... Utah
Close the deal ... or close the company

No it can be quite rational to hold a share that you expect to fail, if you think that the unlikely success will be so profitable that it outweighs the probable loss of the investment.
e.g.
for a 10,000 investment
perceived probability of success 20% , success leading to 80,000 investment value
perceived probability of failure 80%, failure leading to 0 investment value

20% x 80,000 + 80% x 0 = 16,000 + 0 = 16,000

As 16,000 > 10,000
... then the shareholder may keep their holding, even though they think it will probably fail.

Now that the bod have been barred from raising equity which bypasses shareholders, then they are bound now to the same fortunes as the shareholders, instead of devaluing shareholders holdings

Bear in mind that the quoted document was written before the two week licensing delay, so I'd expect ramp up to be complete by 2nd week march. I can't see why sample can't be sent to qfi before that though

Electromagnetic wouldn't discern between different minerals. Even if you did a sweep with electromagnetic, you'd still want to confirm with soil chemical samples before trial trenching

@crippi
Events at asphalt rife is outside qfis control up and until the provision of the sample. Also qfi have not got the option of nonpreemptive placings, so they know its close this or close the door.

For what it's worth, I topped up this morning

Once posp500 is up running and msar module on then I think the timescale will be short to the next phase. I'm sure valkor will drive it.

Perhaps a smaller stake in a future jv?

Assuming that usd 90m will be needed from tomco as 50 50 jv partner, how do you think this could be raised. Mega placing?