Member Info for GoldGeezer

Same clause in Bibemi.

U$$1M payment per 1M Oz JORC

I believe is Mbe and due upon a third party JORC, from BCM

I might have misread the agreement. Would welcome other opinions.

If you consider to failure to meet market and corporate compliance obligations fine, I agree. I don’t agree.

agreed re the two *******s, however it’s an aim rule that the agm be held within 6 months from the year end. unlike the accounts, an automatic suspension isn’t guaranteed.

warning notices will result and fines possible.

they are also contravening company’s house regulations. implications likely negligible but could be imprisonment for the officers.

all involved know the irrelevant implications of their nonchalant attitude towards professional corporate obligations and their fiduciary duties.

gla

Under the Farm-in agreement with BCM, ORR are due USD1M for the >1M Jorc.

This doesn’t detract from BCMs agreement to continue to fund exploration.

Yes, if the gold isn’t surface to 200m, however, if the open pit is mined to 200m, the infrastructure, wall, pads, etc in place, so it can be economical.

It’s possible the grades increase below 200m, regardless 1 g/t is ok, unless the 0-200m depth isn’t viable.

So yes and no. It’s highly possible the resource can be increased for what’s below 200m

Why was the Jorc calculation capped to 200m then?

Yes, exactly. Costs won’t significantly rise, if they’ve mined to 200m and they proceed further to 400-500m deep. A deep drill would be very exciting.

Interesting trading today, along with the Director buying. I suspect some huge sales announced after hours followed by a TR1 stating Lanstead out. Their swan song is simply to fund the August payment, so no reason to remain in any longer.

JORC yday and Directors buys today have provided added liquidity for their exit today.

I said “if” as I don’t know the drill plan.

You are 100% correct if infills, however, I suspect a mixture, as it’ll be designed to both firm up existing 1.34M plus increase.

It’s why I believe they suspect it’ll approach 2M.

I wasn’t trying to mislead, so your message was a helpful addition.

Depends on the location of the next 11

If the remaining 11 drills pro-rata match the first 13, the JORC will be 2.47M ounces

A conservative value of US$50M, of which only 11% is “farmed out”, so far.

I agree.

I don’t consider the JORC underwhelming in the slightest. It’s 13 of 24 holes, so I suspect 2M to be announced post Lanstead in Q4.

I expect a TR1 announcing Lansteads exit before the end of July. Judging by today’s trading, it could be today.

We will get a rise when announced, another in Q3 with the next set of drill results and another with the + 2M JORC.

All the results are limited to 200m deep.

It’s a potential 5M JORC next year.

Lanstead have one more payment to make under the 24 month deal. They’ll sell to fund this, however, may have almost done that by now. It’s very close.

Taking notice of feedback from strangers on Telegram won’t work out well.

Form your own opinions based on fundamentals.

Share price is capped by Lanstead dumping.

Sell orders stopping a rise. It’s fine, they might be out earlier than their last mid August payment.

What do these messages mean - logistics - cut off highway

Nonsense - this field could be 5M ounces way before BCM have completed their farm-in. They’ve barely scrated the surface and only funded one round. 10% deposit and a further 0.7%. Max farm-in 51%.

Could be 20M ounces

It’s not going to rise yet as Lanstead have plenty left to pass to buyers.

Great to get in now though.

If their opinion is valid, it’ll be self explanatory, so I doubt they’ve elaborated?

This is very positive step forward.

Wait …. mid August.

Range bound but low end. Worth loading up now. Could easily be 50% higher by mid Sept, pending JORC release.

After that is too late, 1p to 2p.