Member Info for EricDraven

Sooz, you can think that but he's giving too large a discount and he did have over a month when the sp was 6p. Even at a 5p sp the discount to 3.16p is way too heavy.

Now that is my opinion and I stand by it. It isn't harsh at all on Kurt, in my view, only in your view. The reality is that the percentage discount to raise so much money is excessive. Look at how many shares will now be added to the pot and this needn't have been the case. If existing shareholders can't take up the Offer then it's a massive dilution of their existing holdings.

Afty aft. x

I think you should try to pop it out of your mind and replace the thought with carrot and coriander, potato and leek or something else non-fishy, non-meaty but very soupy.

Prof, the debilitating condition suffered by Subtle would surely be an unfair advantage in his particular race with you. Think turbo sharts.

He's disqualified before he begins. Lol.

We need to get him off the herring broth and on to the methadone. Give him a chance to cleanse.

SJ, I wasn't sure if Buster was referring to you or I, but it doesn't matter, he is obviously just being naughty and trying to cause trouble with ridiculous accusations. I mean, look at how long we've been waiting for a concession decision. How can we say to anyone "Hey, the wait is just normal, in fact it is awesome that there is no specified amount of time to wait, it's thrilling that way, pile in while you still have a pulse! No need to do any research whatsoever!"

Howl.

Actually, I wouldn't recommend this to anyone, it's utter crapola. Don't even lift the barge pole to try and touch it with.

Now I guess I'm a deramper.

Such balance. Lol.

Yes, next year has to turn up something good for us, especially to justify this massive fundraise, which is an ambitious step away from the norm. We must trust that Kallak will have an outcome and a find at Kosovo would support Kurt's apparent excitement over the project. I would have rather us pushed more on the Finland project, because we own that 100%, and I have real difficulty in working out just what measure Kurt is using to value each percentage we add to our part ownership of Vardar. It seems a bit random, which I don't like, but I don't like it because I lack that understanding about it. Hopefully he is working to a strict valuation formula and not handing out our money hand over fist for whatever percentage the Vardar lot are willing to give up. Dunno. It is a concern I have, that's all, an because the company isn't listed on a market.

You mention a commod super cycle, that would be brilliant, but perhaps not as fab as a commode super cycle. I'd pay good money to see Profitseeker and Subtle racing each other on one of those. One special bike each obviously, not both on the same one. Lol.

I salute your optimism SJ. As for the 1p, I reckon you and I alone can stop that from happening, by holding firm and rubbing our special calming stones.

Good to hear from you again anyway, you've been totally lazy. Lol.

I really like what you say SJ, but there will soon be five times more shares in issue than in the good old days of a decade ago. I know we have developed Kallak further since then, to a recognised mineable resource of top quality, but the other two projects, particularly Kosovo, are currently draining our funds at a more rapid rate than with a single project. We are dealing with a less straightforward situation than when we only had the Swedish project(s). Plus, we are about five years away from bringing Kal into production, and that's once we've received the concession award and then the environmental permit.

I feel the only way we may achieve 50p again is if we are bought out while the ore price is high and because our grades command a premium on top of that. When we come to the time to mine, we just can't say what the ore price will be. Sentiment of the shareholder base and the potential shareholder does play a huge part in the buoyancy or otherwise of an investment, yes, so I guess if we do have momentum in sp because of good or bad news then nothing can be ruled out, either up or down. We have definitely endured an overly long, excruciating orphan period in this mining cycle, at the hands of the Swedish Government, but Kurt has yet to do enough to ensure that we still aren't at their mercy.

As I mentioned, I really like what you say, and it reminds me of how things should have gone for us, yet here we are.

I'm damned if I'm giving up on it all though, just like your good self. On a positive note, we now have the KU finding that the Government has not had any administrative process in place for moving along our case for three years or more, so we surely have that information in our favour should we have to sue the Government for dereliction of duty and obviously the resultant damage inflicted from such ineptitude on our Company's welfare.

In my opinion only.

Onwards!

Some poor soul got fleeced at 3.8p for selling 100k shares. Don't recall seeing the advertised sp being less than 4p today.

Painful.

Maybe Sooz. You put the bet on and I'll watch to see how you get on.

:-)

We are making our planet cleaner and greener, or trying, so maybe the life expectancy will drop off again. Lol.

I didn't know that about Northampton 3card. I bet it had that wonderful smell of leather in the air. Nailed and hand stitched, cobbled to perfection. Nowadays the shoes are all plasticky and gluey. Though only the ones not from Northampton. Lol.

Sooz, it's the great roundabout conspiracy. Strategically placed by the County Council so that we can't relax for a minute and enjoy our driving. Sorry you got caught out as well. I should have just turned off down the other side of the hill and gone to Falmouth to chill out. It's ok for roundabouts there. Lol.

Aye Lb, thanks, and you have every right to be proud of that as well. Tis a fine thing indeed.

As for the Swedes, their current industrial malaise is a shocker. Lol.

That's mighty fine history Sooz. St. Michael's Mount a true landmark, and can you imagine meeting there to do trades? Wonderful.

I took my driving test in Truro. Twice. Double roundabout at the top of the hill got me caught out the first time. Lol.

I' d have found that article interesting. I am surprised the tin got so far and wide, but we had lots of boats down Cornwall inny outy when the tin industry was booming. Nice to see it was circulated around the globe. As you said earlier about the iron, it's useful and we should be glad and proud to have unearthed the tin and now hopefully the iron at Kal.

Warms the ****les.

Surely we are all equal Sooz. My name is gender specific and I don't view your posts any differently to if you'd have called yourself Gazza. Lol. It would have been the same content.

Just sayin', but I'm glad you are you and not anyone else. Proud of it. I could quite easily have been Erica, Sally, or Binky. It works both ways.

In fact, I quite like Binky, so I'm gutted now.

:-)

Thanks Cowfish. I'm probably wrong, but only my thoughts without any padding.

Best of luck to us for next year.

3card, if it 5 bags from 3p I'll have only just broken even. Lol.

Evening TFE. Well I want and need them, the small problem being that I can't pay for them. Lol.

Sounds like Sooz will nip in for a double scoop and prize them away from your not so clammy hands. She is on a gathering mission.

:-)

Good point that Sooz. The dilution level mentioned in the Offer info would then not be true. Yes, so it can only be extra shares generated from those qualifying holders who don't take up the Offer, or who only take part of their entitlement.

Thanks Sooz. x

Oops, I meant ...satisfactorily...

Yes, the 3 for 8 is guaranteed for those holding on that qualifying date.