Member Info for FunkySausage

A Definitive Feasibility Study (DFS) to encompass all resources at all the sites of the production license was commissioned with GeoInvestProject (GIP) and is on track for approvals this year.

As announced in the Company's Annual Report of 1 July 2020, a Definitive Feasibility Study by GIP for all resources on the West Kytlim Mine Permit was commissioned and is being progressed through the approvals process. Following consultation with the State Reserves Committee experts and consultants, it was agreed that mining data generated from several seasons of mining operations, combined with the Company's in-house resource database, are sufficient to warrant approval of the DFS encompassing all resources to the mineable category within all the sites of the production license. This removes a significant annual permitting hurdle and is also a cost and time saving development, as no further drilling is required to approve shovel-ready resources on an annual and site-specific basis. This in turn allows more open pit sites to be mined concurrently to increase the production volumes. The DFS is to be submitted for review and the final approval is expected before the end of 2020, in advance of the 2021 mining season.
 
The above timeline has been recommended by GIP and by the relevant permitting authorities in Russia.

I would say the last piece of the puzzle is due very soon.

Funky

Love HZM but they will do a equity raise very soon, maybe better to be in after ) but then maybe not, its your call

Yes the country was nothing before the 70s SMH, love these people that think they built this country after being around for a few years

One booked in before Xmas, not sure if that's a European Xmas or russian one

Will we be when we get the upgraded resource rns ?

As this is due before Xmas, im guessing this will be relevant, im guessing around 57p, then the real party can get started

If it would be for a outrigjt purchase then take a mortgage

If your investment is your deposit, then you have no choice, if it goes bad would your wife forgive you ?

On a more positive rone of timing, the company has stated a upgraded resource rns is slated to land by Christmas, if the real news hasn't landed, maybe you could exit then at a higher sp from today )

Lol, I know, their the devil of left

I musta made a mistake, bbc saying its 50/50

The news just said Trump has a 95% chance of winning Florida

Looks like the shorts have finished closing, now we get to run a bit

Not long to do on this epic journey

To create liquidity and price control

Has anyone dmseen a Rights Issue quite like this one

150% increse in price during launch

30% increse on Rights issue shares

This one seems to have gone nuts all round

Yea all got closed out lol unless they had buckets of cash in reserve

Why buy now ? U can wait n pick them up much cheaper in a couple of weeks, save your money and buy double the amount of shares after the new shares have been issued

Anyone know what the ticker is for the new shares

In time it will ratty in time, in the end it will, like they all do

So what's the terp for tommorow then

The company has previously stated that a resource upgrade will be announced before Christmas

Ploeaxe

If u don't mind me asking, how do you make money in a rights issue by being long ? Lots of people here are shorting, I get it if u got in at 106p but what about from this pricing ?

Thanks guys

No relation to sceptic lol, well I bloody hope not

Let's hope the 20th is lucky for her throughout her life

Thank you Ian, yes the mrs and baby are all well n good, the one good thing covid has given us, and was/is nice to be able to be with the mrs through the pregnancy and early months of the baby, praying the buisness reboot from Easter actually works this time, unfortunately we're in tourism and have been zeroed out.

Can't wait till Monday though either way we will be happy

Funky