Member Info for fulmar29

"(and I have subsequently heard there were unconfirmed rumours we were already not paying all our bills in Zambia)!!!" Did you write for the News of The World as well- What expenses ?

We're not only not paying our bills, we're not paying the bills that we've not paid, and pay no attention to the unpaid bills as we're not paying them. No way ! 🚮🚮

It seems in your rush to be negative @coffee you have failed to read the latest RNS correctly. The warrant terms were adjusted to avoid the scenario you gleefully outlined.

Following a couple of mail exchanges the following is the nuts and bolts. And it seems one thing that the BoD and shareholders are all agreed on is that we all wish raises weren't necessary and certainly wish this one could have been done at a higher sp. but circumstance and timing dictates, and actions like these are intended to, and should be accretive IMO.

1. A company with no revenue could not have "no raise" as a default position.

2.Further Zambian targets are now attainable (the licenses are sought after by a major operator)

3. Sitting around waiting for Anglo is not a strategy, it’s lazy and reflective of a lifestyle company. When we had a chance to access these very desirable tenements we had to go for it hence the raise.

4.A number of retail investors took part in the ABB (placing), they contacted the broker directly

5.We intend to do what we did with the first Zambian acquisition, certainly very exciting times ahead.

Could I ask Holders not to share the information above with trolls😜 as they will claim "insider information" or "lies" both of which it is certainly not, just a sharing of information to put a bit of flesh on the bones behind some of the reasons for the raise. GLA

If you have just worked out the BoD salaries @coffee you are well latte,a nd if nothing is achieved here then the salaries will have been bad value for money,if however we now accelerate then no-one will give a toss what the BoD are paid. To say that they have "helped destroy the s.p. value" is a coffee cup half empty view as others could argue " from a cup half full" perspective, that they have taken action to stop it's further erosion whilst securing another asset that serious competitors were after whilst ensuring that we have enough funds to take us up comfortably to the JV $8m payment .

"Digesting the placing newsToday 10:38 Lantier

1. Over £4m raised. Together with the annual JV payments from Anglo, liquidity is therefore assured for the foreseeable future. Once the warrants are exercised, that will create a further up to £6.6m cash inflow.

2. Management have participated in a meaningful fashion. Their interests are therefore aligned with shareholders.

3. The placing was conducted at an artificially low price because of a forced seller. No fault of management. It's up to individuals whether they see the current SP as a threat or an opportunity.

4. The forced seller will now be cleaned up. The announcement of their exit is a near-term potential + catalyst.

5. Drilling season is about to begin in Zambia. That was and is why everyone should be involved here.

In summary the thesis has not changed between 4.5p and 1.8p, except that liquidity is far higher and management have an even bigger commitment. Roll on this year's drilling season."

He was on here slating a holder for not knowing the difference between a union and a pension fund and now he is an expert but fails to understand the "forced selling" and slates others for using the term correctly. Stating me saying "no placing" when what I said (incorrectly) was not at these levels. But he retains oodles of "credibolity" .Really tickled me, thank you Donkey 🤣😜

You just couldn't make it up...!

Cheers Reet, you're the dogs ! Sorry to mention food again !

@Eloro-what an absolute classy charmer. I'm still here, a small hiccup today, but fundamentals improved. Am I defensive to trolls yes, do have a lovely peaceful rest.

I wish my average was at today's price ,it isn't,. Am I concerned re the future not one bit.

Don't forget the chopsticks Reet

I also expected a placing at a higher rate, but it seems BoD and some investors have taken advantage of the Swedes sell off ,the current sp is just above the placing so anyone bothered about "missing out" need only to look at the RNS wording "new licenses" "share buy back" so the only thing is the warrants that you would not be getting by buying here-tomorrow a.m. will be interesting !

The Swedes were selling but think there was some negotiated....! In order to stop the uncertainty and the buyback and cancellation will negate some of the placing and warrants shares but help their value.

my initial reaction was "oh ****" but loads in there so will reserve judgement util fully digested/investigated-"new licenses" and "to fund a potential off-market buyback of ordinary shares from a significant overseas shareholder" jump out initially, or remainder/last of the swedes ?

Not a lot,a limited life mine with low and decreasing grades so the processing might be worth as much as the hole in the ground unless someone close were to have ore ?

@Deadgrateful "the word on the street2,is that Short St. DO1?

ReeTech, ReeTech, ReeTech. perhaps it might implode now ?

Maybe the ref will step in for a sympathetic TKO and save us 🤣 DM?

Ireland by 12 I'm sorry to say !

Https://www.youtube.com/watch?v=vIVNke1QCbo

TR1 maybe not forthcoming as BVI registry means it's not obligatory

@Woody, because it's a dumb question ! Ask Donkey it's his speciality.