Member Info for EricDraven

Not sure why it was delayed from end of last year, but It will hopefully quickly then lead to a PFS. At least more drilling at KS, if no PFS.

We may also hear of the funding details before long as well. Not looking forward to that, but, barring any pleasant surprises, it’s yet again something we shall have to stomach, while the sp slumbers.

Best of luck to us all.

Lb, thanks, yes, I’m not doing it.

Best of luck to you with MATD, I hope you do well. I’m staying put here, as frustrating as it continues to be.

Too risky Manro. My losses here would be significant, whereas currently they are only paper losses and we do have a mining concession.

Thanks for the mention anyway.

Best regards.

Best of luck Jonny.

Roller, this might sound crackers, but I have also lately thought that if the business is so promising, why Kurt doesn’t set the offer price at a slight premium, higher than the current average sp. That may sound bizarre, but it would, after all, also be a way of guaranteeing an ii that they can gain a massive amount of newly issued shares, the volume of which they would find extremely difficult to secure on the open market. This would indicate to me that we have made real progress and do have a premium business, rather than the usual fundraising at bargain prices and giving away our prospects on the cheap.

We always seem over a barrel with the traditional low offer prices at cash call time, but should we be? Kurt is valuing the business lower each time. Lol.

It isn’t funny, but I’m trying to make a point. If you or I tried to buy a large amount of shares on the open market, we’d have to pay above asking price and only be guaranteed so many at once.

If our business is so good, both in the prospects and the proven, why give our shares away on the cheap when we issue more? No! Tell the iis they’ll have to pay handsomely for them!

Thanks Roller. I’m not going to do it though, as I’ve said. My average is 9p or so higher than the current sp. I’d definitely initially lose a lot, so probably isn’t worth the risk. I was only seeing it as a form of minimising the dilution to my investment. You know, from the kazillion shares soon to be in issue. Lol.

Good luck to you, whatever you decide.

Hi all. I have thought about selling part of my holding (at a large loss), before the fundraise offer price is announced. Only a gamble to then buy them all back again and more, to the same sell value. But I haven’t the real conviction to do so in case it goes wrong. I’m only thinking that I can’t afford to partake in the offer, so it would be a way of risking trying to gain more shares for no outlay.

I’ve only thought about it because I’m so fed up and frustrated with where we are with the sp performance, and because I have the feeling that the offer price will be below 3p. Which itself makes me bloody sick. It all does.

I haven’t the courage to try it though, because my average is in double figures. But even thinking about it says much, in my opinion.

Anyway, for those taking part in the offer, I wish you all well. For every shareholder, best of luck. I just thought I’d share what I’ve been contemplating. It’s more of feelings of desperation as I see my investment eroding, without the funds to bolster it.

Best regards.

Yikes!

Hi Alan. Thanks for your kind comments, much appreciated. I wish you well and fully understand why you are selling. Carry on enjoying yourself in retirement. Have fun. Good health to you.

Very best wishes.

Thanks Andy.

Oaktree, I can confirm that Suzy is not Kurt, unless Kurt happens to be married to a Cornishman. Then Sooz could well be Kurt.

Sooz, barring other unexpectedly great news, yes, I’m thinking you may have the chance to bank well again once the environmental permit is approved. Next year maybe. Optimistically speaking of course. Barring Kosovo or Finland fast tracking. Lol.

Lol.

Or a month!

Difficult to see how success will look, when we consider the number of shares that could be in issue by the time we are poised to mine. Surely Kurt and Ulla would be better just trying to find a buyer long before 2026.

Pocko, yes, the wording suggests unfortunately that the funding will not include actually paying for the drilling itself.

Oily, your “…completely numb after each RNS” Lol.

Thanks Andy. In the top photo she looks completely insane. She should do well.

SJ, yes.