Member Info for Fukurokuju79

Good to see completion of these PLs to expand our footprint.
Seems a good deal to me.

Atb

Obviously, as I say the RNs is fab, it's an increase in resources.

Also the CU economic cut off may improve e.g RMM lower costs through infrastructure/optimisation activity completed and / or an increase in the commodity prices.

All in all. Good times.
Atb

Maybe right Bertie I couldn't recall. If it's 1% then much much better with these results, and likely to improve once full development completed.

Expansion of our resource is always good really.

The only thing I'm thinking on the other side of it is what is our cut off grade to mine economically, I thought it was somewhere Around 1.5% but may be wrong in that memory recall?

I'd be interested in the view of Cornish on this cut off grade, and if he is aware of the cut off grade lowering after completion of these works i.e. if RMM become more efficient making a lower cut off economically viable? Or if being able to blend ore from multiple stopes etc?

In all a positive RNs though

Atb

Nice. Nearly there, not going to get too worked up ATM the last of the three though I can't wait.

Go for it Fred..... Anything in mind?

Weird you say that AntH as I've a poster on another board with lady name, opened 15th Nov, started off with intelligence and decent stuff then basically went mega negative.

Do as you wish. You sold out, then said you bought back, now you're not buying until after the loan, so I assume you sold again after buying second time...

Like I say. Hot and cold. Doesn't worry me. Do as you fancy. Just seems a little fickle.

Atb ngt

Why March 22? Is that a special date lol?

Have to base it on market cap. Who knows tbh. If we prove we have multiple massive finds under the KSZ, ontop of the KCB assets then could be for sure. However could be much more, or equally less.

Have to simply wait and see with this one. If they prove the theory, I can see massive gains. But need to prove it first.(obvs)

Atb

But you asked a question, that's in the RNS. (Insert shrug/confused face).

Will find out in time I guess. If the loan completes on time then we shouldn't need tonuse tin opener, or the beans.

Ngt

Helpme.....read the rns....'The senior secured loan is anticipated to be closed by August 31, 2021.'

You blow hotter and colder than global warming....

Remember the analogy....

We've left the Langley and gone camping with moon. Weve ordered a food delivery (debt financing) but being able to eat is survival, so we know we should make sure we have a backup plan. We therefore decide to buy some tins of beans, lots of tins, as a contingency (CLN).
We only intend to use 1 tin to last us until the food delivery arrives ($2 million CLN). But we have access to loads of more tins of beans, only if the worst happens.
Hold on.... our tin opener is part of the food delivery. 'but we don't intend to use the beans do we?' says helpme01.
'yes, I know we don't intend to use them all, but there's no point having all these beans and no tin opener to be able to open them in a contingency situation' says Dr Toby...'you know, if the worst happens'.

Moon, being a true gentleman, says 'it's okay I have friends at the Langley'..

Moon, offers the manager a house/drink, and asks permission (this RNS) if we can borrow their tin opener. Not for all the tins ; but just enough for now. We know we will need one tin ($2 million) and we may need another 2 tins if the food delivery is delayed ($4 million).

Moon, secured the tin opener from the Langley (shareholders) on a just in case basis. When he came back to camp he had the warmest true soldier welcome, a hero welcome.
Banners, bunting..it was gloriously sunny.

Apparently the Langley realised they needed Moons business and they said yes as they understood....'what's the point having survival beans if you can't open the tin(s)'.

End of analogy

Yes I agree. It's literally just getting the authority in place and isn't new, it's the admin of the recent debt financing and contingency CLN financing.

Here is an analogy....

We've left the Langley and gone camping with moon. Weve ordered a food delivery (debt financing) but being able to eat is survival, so we know we should make sure we have a backup plan. We therefore decide to buy some tins of beans, lots of tins, as a contingency (CLN).
We only intend to use 1 tin to last us until the food delivery arrives ($2 million CLN). But we have access to loads of more tins of beans, only if the worst happens.
Hold on.... our tin opener is part of the food delivery. 'but we don't intend to use the beans do we?' says helpme01.
'yes, I know we don't intend to use them all, but there's no point having all these beans and no tin opener to be able to open them in a contingency situation' says Dr Toby...'you know, if the worst happens'.

Moon, being a true gentleman, says 'it's okay I have friends at the Langley'..

Moon, offers the manager a house/drink, and asks permission (this RNS) if we can borrow their tin opener. Not for all the tins ; but just enough for now. We know we will need one tin ($2 million) and we may need another 2 tins if the food delivery is delayed ($4 million).

Moon, secured the tin opener from the Langley (shareholders) on a just in case basis. When he came back to camp he had the warmest true soldier welcome, a hero welcome.
Banners, bunting..it was gloriously sunny.

Apparently the Langley realised they needed Moons business and they said yes as they understood....'what's the point having survival beans if you can't open the tin(s)'.

End of analogy

Antharry - everyone is welcome to sell if they like no worries mate. As I say this RNS is just admin to let us eat beans if we get to starvation mode. Hopefully we won't but you never can be 100% on these delivery slots, things can happen.

The risks haven't changed. But if you do leave. I just wanted to say thanks for your service.

;)

Atb

Other synergies? ;)

Antharry if this doesn't make us a good return in 12 months I'll eat my hat. However if it does, you'll have to eat your robocop outfit...deal

;)

Ella,
I'd suggest 'horse whispering' as you like to put it has more clout and (no offense) definitely more validation, relevance and trustworthiness than when you decide to pipe up with your own 'theories'.
I'd rather have an answer than a question.
Thanks anyway.
I'm still not sure why you're invested, given your sentiment.

It's fine here. Several workstreams in flight...
Drilling....
Commercial discussions with major(s)..
Acquisitions/disposals (I've obv grouped up serveral things there)...
CE feasibility advancement towards potential small scale production next year...

We are in a good financial position. Sure some or several of the above will conclude with the cash we have.

Any in doubt, contact the horse's mouth.

Atb

Personally I don't care of this his 23p short term. I'm interested in my mid term target in 12-18 months.

Can't help bumps in the road. I'm happy RMM can turn around. Few key milestones to go yet but I'm comfortable with and aware of the risks.

Ngt all

Ignore I think I've answered my own question...I'll read them all lol

Did you mean from March 2021?

Certainly be good to prove that up. I'll try remember to have a look at that report sounds interesting

Cheers