Member Info for Ezhik

I said jokingly a couple of weeks ago, 'lets hope they ordered some drill bits'. maybe they didn't!. Drill bits are as rare as unicorns in Oz just now. Whatever it is, an update would be courteous. Thought that thruppence was a thing of the past--.

Hi Zeratul. You are most welcome to the BB.

9m mcap now, even more attractive!. . Miners taking a bashing today, everything I have is down apart from txp.

Not keen on Blyvoor. limited resource and low grade. New nickel play may be better, Apols all for OT. That's the last of it.

T.M. OK, sold something to buy a handful of these. £1500 @ 8.14p .

Early days here yet, but the amalgamation of licence blocks into one asset in an area that is currently the hottest gold rush on the planet has to be a good move. 400% here by end of Q2 !. £1.00 party this time nest year. ..maybe.

Trek. Trouble is at the moment, there are too many sweeties in the shop to choose from and no cash to acquire anything unless I sell the Belgian Chocolates so to speak. Do I sell some txp for HE1? looked at it a few weeks ago and did nothing about it, it has increased in price but so too has ECR, bought at 2p. I think that ACP might also have a chance at finally getting off the ground this year, I have a few of them, PALM is starting to get their assets together but its very early days there, I have some of them but only a grand or so. Wanted to buy AEG last week but would have had to sell something else and couldn't decide what to get rid of, saw arb at 3p but having lost a bit on that from 8p to 7p I didn't trust my judgement at 3p. (bangs head against something hard). Choices Choices!.

Lifesgood. Sometimes the balance sheet, the non existent revenue, and the cash burn in small companies would put any accountant or analyst right off from giving these small companies a second look. They don't take into account the potential, or the momentum, popularity, twitter or any other obscure reason why the SP will increase and continue to defy all reasonable Vulcan logic. Look at EUA, GGP etc.

Don't talk about it. Decided yesterday to buy into here and pnpl this morning but it needed some adjustment by selling elsewhere and couldn't decide what to sell, so I didn't. !!!.

I found that post amusing 2erics. might have to go for a rename to 10million10million.

I had 142 as my eoy prediction. I didn't post it cos someone else had already nabbed it. looks like we were a few days out. Who cares.

Blimey, nice to see, someone seems to have gotten a whiff of something---oh yeah, must be gas!. or is it those pesky brussels working their way through. Seems a bit early for any test results but what about that pipeline connection?

Indeed Mr K, starting to look like they may actually have something and have the board and management skills to deliver. Did OK with that little run up in October and bought back again early Dec, only washers though unfortunately but every little helps. ATB for 2021.

I see that someone managed to buy some there, those couple of sells probably release some. Anyhow, we are up a bit again. Long may it continue.

Dohnuts. I see that you are on here now. Have bought and sold these once 11p-14p and bought some back again at 10.5 a few weeks ago. Just checked dummy buys and indeed none for sale. very small free float here at the moment. Co will look different once they amalgamate all those licences and make a start on surveys and then drilling, plus Canada fly-by mag surveys to come. its still early and no doubt funds will be needed but so far palm has been ok for me.

And tks Corpse--sorry mate. :)

Tks Dohnuts. So this 3m extension is a temporary solution to keep us operational and to enable new leases to be negotiated. Sounds reasonable on the one hand. ATB

6m raised to demonstrate confidence in the company and get some cash in the bank which may be a condition of bank lending. Bit like a mortgage on a house. lenders want to see a % deposit before they cough up the rest of the cash. Its just very annoying that it was at such a low figure and more annoying that there are warrants attached and infuriating that we have to pay 7% plus 7.5% for jack ships.

dradrianc1
Steady state will be somewhere between where the guy in control of the operation thinks is a good processing rate and the figure that the management and directors would like to see. At the moment nobody can answer your question, but as Zeratul has reminded, the end of Q1 will tell us the answer. I expect that between now and that time, the plant will be up and down, sometimes flat out, sometimes stopped and all the time this is going on, gold will be coming out a various amounts--all of which can be sold $$$$. We may get some interim updates about how its all going.
In the meantime, someone will be crunching figures, someone else will be searching for ways to reduce wasted time between processes and in the end the plant and the operators will settle down to a sustainable and steady rate of production. If that equates to more than 5000oz/month then there will be some happy back slapping. :)

It was obvious that they would manage to pour some gold by the close of the year and to me it was fairly obvious that it would be symbolic as opposed to be a production piece. Now that the 'marketing folk' have got their wish, the engineers and operators can get on with their job and get the plant running properly. Production will be getting ramped up over the coming weeks to a steady state by end Q1.