Member Info for FreakyZebra

We are due an update on Q4 Cobre, probably next week. A nice early renewal and maybe some arbitration news wouldnt go amiss... Halfway to the old placing price, some way to go yet.

Whilst the discussion is cute, as JP said and in the RNS, they need funding to take things any further. We need to find $4M to fund any further exploit at LC. This has been known for sometime and we are led to believe discussions are advanced. Can we get a deal by 2019. That at least might offer a silver lining to what has been a disastrous year for shareholders. Unfortunately I think without the PEPR approval no one is sensibly going to sign anything. Lets hope we don't get another letter of intent.

There is no access fee, thats dj's twaddle.

DVH maybe this is turning point for JP - end of the day no amount of ramp is going to make the SP go up or down. Clothes are out on the line now. No more hiding behind sound bites. Everything sounds a bit more realistic even the fact that arbitration may amount to nothing.

I believe PW focus is now only on Redmoor.

Hindisght is a wonderful thing but totally pointless in reality. JP took a gamble and it didnt pay off. Its taken 6 months for him to "come out" about it. Thats my only gripe, but its pretty clear from today the chickens are back in the coup and its time to start laying eggs.

Final payment is 1.2M USD.

Fira, it all depends on what happens at LC. IF NAE is flexible and LC gets the funding through whatever arrangement they may happy to defer payment for a year, who knows. There are a lot of unknowns, arbitration, any deals that get struck on LC and at what point LC turns cashflow positive. Cobre can effectively cover the NAE payment with a bit of wiggle room, but it cant develop LC. LC is where we need around 4M USD to get it up and running.

Yes Slurm, less Jam tomorrow and more this is the state we're in. This is the tact to be taken on any interview, facts not fiction.

This is actually the best interview JP has given. Measured and from my view, more honest than ever. Perhaps shareholder dissent is a good motivator.

So we expect approval in May next year for mining LC. Inbetween now and then we need to find the cash to fund it. Thats the challenge the BoD has. IF we have the approval in May and no money I expect a placing to get things started, regardless I would also expect the SP to be higher than it is today. If that is what it would take to get LC up and running then a placing it will have to be.

Finally a decent RNS from the company. Hopefully the first of many. Obviously we do not have the cash to progress LC. We await the outcome of discussions and arbitration, this will lead to capital raise if it fails in my opinion. There is simply nowhere else to get the cash from and we will need quite a lot!

Im not talking it down, the SP has been hammered down by an ineffectual BoD. JP Reads these boards, and given the company doesnt reply to shareholder emails maybe some shareholder dissent will get through to him. So very different from a properly run company that a) responds to emails and b) doesnt entertain shareholders at an agm only to shaft them a few days later.

What are you waiting for from the company.? All we want is an update on the massive amounts of cash invested in LC, what is going on? It's all well and good to be preaching the gospel when you havent done anything with the asset and then after you invest millions into it you go silent. its stinks to high heaven.

What ever happened to the purchases he claimed he would make?

It is patently obvious the arbitration claim is the only thing JP can hold on to going forward, we dont have cash to further any of our assets, look at the salaries, its disgusting. For one thing at least he had some success with the rail dispute, maybe he can pull off something better this time round. I would love for the company to come out with an amazing RNS saying everything is on track Ill eat my words and reflect on not "trusting" this board. In my 50 years experience somethign tells me otherwise will happen. Sadly too far down the road to do anything effectual about it.

He actually stated he would change comms due to the trading nature of this share, JP hates dislikes short term traders. Nothing to do with operational issues. This is again is what many seem to forget. Sadly his change of comms comes as a result of operational issues rather than trading, and what Mr JP doesnt seem to realise is this plays exactly into their hands. This is AIM, the SP IS sentiment, going quiet on your major, song dance, tsunami of cash blah blah is literally the worst thing you could possible do as the MD of an AIM micro cap company. All the while picking up a consultant MD wage. I believed in the act and Im a fool, but im not an ignorant one.

Im sure you know exactly what Im referring too. They were updating us on every little detail, now " in production" we havent heard anything for months. IF it was all going well JP couldnt keep his face of proactive, he only talks when things are positive.

It makes ZERO sense to not update shareholders on the companies most prized and potential near term asset. Especially when all of the company money has been ploughed into it. I smell a rat and sadly like the rest of us here are hoping our guts are wrong.

However under SMl's rule, its operational but we've had no news since they delivered 5 tonnes... 6 months ago...

Or its a bigger ****up than we could ever have imagined

Nothing has been happening for over 6 months at LC apparently. Beginning to play out a lot like HC.

Where are the buyers, the mm's have to mark it down to generate buyers. Sadly, our BoD's behaviour has trashed confidence. Investors are avoiding. JP et al have brought this on the company.

Why would mk have reason to lie? He was a holder for a long time and always positive until things to a turn from the worse and spoke to JP. Given that JP has been less than 100% truthful, running a placing right under shareholders noses at the AGM. I do not think MK would make this up.

I guess the only way is to see the email itself.

Sooner or later JP is going to have to come clean with what's going on. The market never likes uncertainty in any form. It doesn't look good when our boss decides what information to share market sensitive info and with whom. Yet again JP is showing he doesn't have shareholder interests as his focus. Discussing mothballing his dance card A1 focus for over a year, via email to a non shareholder is criminal.