Member Info for Gray1

Thanks Northern. I realised they were ramping those two operations up hopefully they are now fully up and running and sable improves in the second half.

Yes Sable production will have to improve. Not really sure how much Sable was actually producing in the first half didn't look like it was much. 1.4k in first 6 months barely 200 tonnes a month and Roan will have produced some of that. Maybe it can't do that much until the upgrade is completed. Seis usually has a better understanding on this.

There is nothing priced in for an IRH deal doesn't mean sp won't go down if it doesn't materialise though. It is almost 18 months since first mooted so beyond caring about this partnership now think it has lost its lustre as the time has passed.

850/1k tonnes/month copper will be the driver of the sp this is the figure I am interested as it affects the company for the next financial period and demonstrates that they can achieve 10k to 12k copper next year as a minimum. How profitable it is with buying in higher grade material as yet to be determined.

I expect the forecast to be downgraded for this financial year somewhere between the range of 4.5/5.5k for the year but Chrome should increase to 2 million and pgms hit target of 36k.

Not much longer to wait now Monday at the latest. Couldn't push it back any more so they will be forced to update. Not a great look running it to just about the last day. Hoping for a good update it is the last thing left in Pandora's (JLP) box.

Maybe they have had to draft in more fingers and toes to add up all the Copper. We live in hope.

The overall price we receive for copper will depend on the cathode/concentrate split so it will be lower than $10k/ton.

Possible RNS tomorrow then see where we are hoping we are now producing 850/1000 tonnes/month of Copper for the last 3 months of this FY then it will augur well for next year.

It's a good idea swapping non-productive asset for a productive one but why couldn't they be more accurate with their RNS. If they are saying it now then it was hardly commercially sensitive.

They do really need to get their act together with communications it has an adverse affect on what looks now a much better deal than when it was announced in the RNS. It is such a shame.

So to sum up the cost of the initial 200k was a transfer of a non productive asset. The 51 mill shares bought the rights to 3 years of material and any future purchase of the asset will come from cash realised out of processing the asset.

Two lines sums it up so why not write that in the RNS no need for a word salad. Crystal clear no need for speculation or drip feeding the actual deal in interviews to clarify it, No commercially sensitive information and says what it does on the tin.

It does. Thanks Gotreal.

They could have been clearer in the RNS but that has never been a strong point for them. See what next week brings. Fingers crossed.

Frogkid,

I don't think you can compare Seis with Gotreal not even on the same planet.

Sies,

Me too should have taken some at around 21p would have been in a much happier place but I got suckered in by Leon's copper story my bad.

I did buy some more at 4.75 and my original purchase was at 3.23p many many years ago. Unfortunately bought more at 10p and 11p c'est la vie.

Fair point about the IRH deal they do have options hopefully they will pick the right one for us this time.

No problem for me Seis each to their own. Turned out to be a good decision.

Appreciate your comments Dorfan let's hope so too.

Herman whatever.

Speculation on your part. No I haven't still holding and hoping. I could say your ramping it so you can make on your buys at the bottom so you can get out when it reaches 4p. then I would also be speculating . Am I frustrated with the company absolutely.

Yeah right been here a long time Herman. Have over a million shares. I want the price to go up but you can't ignore the abject failure so far with Copper that Leon has overseen. obviously according to you I am completely wrong and everything has worked out fine.

Why should I sell at a loss. Maybe you should buy a few hundred million more and boost the sp you are that confident. As soon as you make your 10% you will be out and disappear, I have as much a right of opinion on this share as you have. i just don't see the share through rose-tinted glasses that you do. I am hopeful it will improve I have been hoping for that for quite some time now we shall see.

My mistake Leon hasn't overseen a drop in sp from 21p to 3p whilst issuing another billion shares I must have made it all up.

Did I say we were? We also had a lot less shares. Since then we have produced negligible copper (at the moment) and issued a further 1 billion shares fantastic value for money hey Gotreal. Even Seis sold some wise decision as it turns out.

Then of course you would say this has all been fantastically managed, Leon has been extremely unlucky and the sunlit uplands are just around the corner again. How many times have you bigged all the failures up in the last few years.

Time to deliver Gotreal. Leon is running out of time. Still think the 1p share options were deserved. Of course you would say they are and they should have got twice as many.

This share is going nowhere until Leon starts delivering on the bottom line and there is still a while to go before he does that If he does. Talk is cheap. Slater is watching. The clock is ticking. Fingers are crossed here. Trust has gone with Leon until he starts doing what his mouth is saying simple as that.

I remain Dorfan because hopefully one day I will get my money back with a little profit. I am past thinking I will make a decent amount here certainly not for at least a couple of years yet anyway.

Whilst there has been success with Chrome. The copper strategy has lurched from one disaster to another with continual changes in strategy. Leon has overseen a share drop from 21p to 3p with continual dilution. garbage communication, poor delivery of operations need I go on. You yourself have complained about the communications.

How on earth can you say the power is sorted at Roan and then a few months later shut down because there are power outages that is rank bad management. This is just one example of many. Leon is lucky to still be here never mind 1p share options.

Leon needs to deliver he has had more than enough chances. Slater are so concerned they installed their own man as Shuvlin states. This can't continue otherwise the sp will never recover especially if Slater decide they have had enough and sell out. The company is at a pivotal point. I hope for myself and everyone here that from now on things improve where copper is concerned.

Chrome and pgms only take us so far they won't drive a decent uplift in sp only copper will do that.

3%

must be time to issue another 100 million options at 1p as they are so good at hitting deadlines and forecasts. out of over 3 billion shares it isn't that much only 0.3% of existing shares. after all they deserve it and more don't they gotreal.

absolutely nelson.

pennyante company takes nearly 3 months to get its 6 monthly figures out pathetic. icmax technically they are not late no-one said they were they have 90 days why push it to the last week nearly every time when they know them weeks before that is my point.

they can't even be ****d to put financials to the quarterlies. a half decent accountant could do it in a week once spreadsheets are set up it is only a matter of acquiring and inputting figures. what is the chance they downgrade the copper target for this year and then claim they have hit the target at year end again?

time to deliver leon no more excuses and false promises. slater is watching.

Taking so long to get the first half results out is poor Gotreal by the time they come out the third quarter production figures will be nearly due. The accounts department must have been on holiday for 3 months. Communications have improved no end not.

The IRH deal I will believe when I see it. Leon's credibility is gone until he starts to deliver. Delivering something on this in March will be a start. he's being saying 25k of copper a year for 3 years still waiting. We might get a fifth of that this year if we are lucky. So far Leon's failure to deliver is far in excess of his triumphs with Copper. Delay after delay, excuse after excuse. Time to shut up Leon and put up. Slater won't wait forever.

One day Gotreal maybe we will all be millionaires.

Nelson,

The delay in the 6 monthly results is appalling it isn't as if they are audited. They would have know them within a week or two of the end of the first 6 months. Most tend to delay and usually report 6 weeks after the end of the period. Poor yet again. They aren't hard to put together they must be adding it up on their fingers and toes.

See how many you get right Ardbeggar. Wonder where the bridge is we can buy?