Member Info for EricDraven

Hi Maddog. Thanks for your reply, much appreciated. Fair points, the problem we’ve had is the RNS news not translating into sp increases. We’ve examined why, so I’m trusting Kurt will work on it, because we need a better performance in that area.

Only my view.

Hi Roller. No, but it possibly was broken down. We’ve had many odd little trades of late as well. Bizarre to behold.

Looking forward to the PFS.

Mornin’ all.

Hi Maddog. That would be great, but why do you expect a substantial increase and what do you mean by substantial?

“….it’s no secret that I detest you…”

Howl. Easy tiger!

LL Cool J.

Lol.

Alan, yes, it doesn’t quite make sense you buying a million and then wanting the price to drop even further. I also thought the idea was you were gradually reducing your holding because you were nearly 85. So you are obviously planning on buying more then instead. Lol.

The 250,000 shares for whomever it was is a lot of money, well, for many people it is, myself included. It’s a significant single buy. So I wish them well. I hope the sp lifts. The underwriters largely taking their options as SDRs and not all cash is a fair indicator that they don’t see the sp staying down for long either.

Only my view.

I’m a bit better, thanks. Probably won’t get too much snow there where you are, being coastal. Sea salt in the air and a whiff of the fishy Alan.

Alan, if you really think that, why did you supposedly just buy a million shares?

Obviously I’m hoping that it remains above 2p, but it will depend on the quality of news. We may experience a bit of turbulence when the new shares hit the market, but we should kick on at some point soon. With the PFS to come in Q2.

Good point FF. We will never know, but fortunate it’s worked out ok re today’s news.

Hasty, I hope if it is designated as Kosovo cash, it’s towards listing Vardar on the stock market.

SJ, yes, it’s a good RNS today in what has been a less than ideal situation. Having the additional funds will be useful, if allocated wisely of course.

On we go matey.

Amazing how much interest this share attracts from those who aren’t invested. Anyone would think we had a world class asset.

:-)

I agree with what you’ve just said SJ, but we’ll see. He didn’t apologise for where the sp is, or for the size of discount to the latest fundraise, but it’s up to him to ensure we are never in this position again. I’m cautiously optimistic, but I need to see the evidence now. Many of us have supported the company on two fundraises, so it’s long overdue that shareholders see some value returned.

With a mining concession for one of the highest quality iron ore mines in Europe, we should not be languishing at little over 2p. Kurt needs to communicate in greater detail, with more frequency, and it seems we’ve become far too accepting of generally what may or may not occur each year. Well that’s not good enough now. If we don’t have a more defined plan, the project drift on Kallak could occur quite easily. If we have a structured work plan leading up to the 2026 commissioning, Kurt then also becomes more accountable if each stage is not achieved. We’ll have the information to push for an explanation. It also works the other way, credit to him when targets are achieved. Confidence levels will be raised. Investors will buy in.

So I want to see a better performance from the company, as I’m sure we all do. The RNS news needs to breed confidence via detail, and not leave us guessing or drawing our own conclusions, which are then unfortunately usually negative.

That’s my say for today.

Hi SJ. I appreciate what you are saying, we can only be responsible for when we apply for the environmental permit, not for how long it may take to granted, but take the BFS in 2024, as an example, Kurt could tell us when in 2024 that’s likely to commence, not just the year. Otherwise, as we’ve seen this year gone since the concession award, without any meat on the bones, the pathway then seems flimsy, or certainly not definitive, which the market doesn’t appreciate. The sp doesn’t lie. We can no longer have far too general timescales. If 2026 is a reasonable timeframe for the mine to be commissioned, then we need to know in no uncertain terms why that is, and to be shown how the timescale will be achieved. Otherwise, it will appear just to be a guess from a CEO who hasn’t got a solid plan. You see what I mean?

Ok Maddog. Yep, could be. Need to get more exercise in to help.

Cheers matey.

Lb, that’s a fair point. We are mulling this over because we only have very loose timescales for major events, which is poor.

Pocko, the difference is that the environmental application goes to the Land and Environmental Court, not the Government, so it is hopefully more rigid as to timescale. You are right though, a clear road map from Kurt would be appropriate.

Ok Sooz. Thanks for your reply. Yes, I guess whatever compliances we have to make will be made.

I’m not as sick now. Just weak. Hoping to be better next week.

Thanks Sooz.

Night night. xx

Thanks Pocko. So what do you mean then by the inconvenient truth?