Member Info for HarChris

I wouldn’t assume that it’s definitely the courts that will decide the fate of Goantagab - the potential revenue is massive, at forecast tin price possibly as much as $140m revenue a year. This dwarfs anything the safari companies can bring in and I’m sure opens the door for discussions with the conservancies to keep them happy and provide enough funds to allow mining and ecology to run side-by-side.

Personally I think we see a deal with the conservancies and eventually a deal/partnership between Andrada and the conservancies once they buy the whole project out for $15m.

Your comprehension seems to be lacking here Touk. There are lots of clues in the fundraising RNS such as ‘members of the public are not eligible to take part in the placing’ - it is not an open offer, it’s a placing for invited qualifying investors only.

Us altruistic types will have to continue promoting the company as that’s the best we are able to offer.

About £20m?

I think most important is the extension well through H2. In May we will get the 6000 readout across all three indications and if we'll also have a rough idea how well 6013 is going, through management comments/confidence and by the sheer fact of it still running (surely pulled quickly if it doesn't go as planned considering the toxicity of Exatecan).

Got to hand it to this management team, just £10m gross extending runway by at least 6 months is great cost control.

Was discussed heavily on here at the time - conclusion was that it was atypical for an outsider conservancy to be so knowledgeable on a miners ability to operate profitability. Ie it’s probably nonsense.

The 63p raise last year came off the back of solid share price momentum, this one comes with momentum lost amidst serious wider market uncertainty.

If ava6103 delivers in the coming months it will make zero difference that this placing cost 15m shares rather than say 12m or 13m if SP was a tad higher.

So it looks like this was the plan after all but perhaps the outbreak of the Middle East war happening when it did prevented a price more like 75p.

Still, the likes of Thorn selling out around 50p for this very risk at least hasn’t worked out and directors buying £550k is the major plus point.

Going for just £10m and explicitly stating it’s to keep 100% of ava6103 to initial readout (end of Q4) is a statement of intent.

The talk of an acquisition strategy to take bigger and bigger market share was interesting.

Could you please prove that Mike is earning 100k+

I don't believe it for a second.

It's an excellent watch, enjoyed the whole hour and a half but the specifics on Huddled are very promising, Martin really is aiming and thinking big and talking as if all the hard graft, all the hard yards is about to pay off despite the share price being at all time lows.

I'd give them a pass on the communications front whilst they are working on so many avenues and are well funded following the refinancing last month. If we see the high tech warehousing model and next day delivery feed through to the financials the market could well be in for quite a surprise soon.

CC does seem pretty self-absorbed at the moment, going on about her journey to this point and what it all means whilst failing on the bread and butter stuff like responding hastily to LDA. Card marked, must do better.

Yes TD I am, i'm not deluded and consistently argue that Andrada have been bailed out over the past six months or so by the tin price rather than operational excellence. Remains that way but with an increasing number of avenues capable of creating an almost instant rerate, so remain fully invested and outlook is still positive.

Had a listen and he sounds competent.

My word what a difference it would have made if Shishir walked away gracefully in early 2024... or if he'd lost the vote to oust him in mid 2024 rather than the long drawn out and antagonistic fight for control that eventually was won by Rollins and co in early 2025.

Are you open to the notion of it being prepared for the Goantagab high grade ore with news about to land on that front?

Many of these questions are the sort of thing that never get answered so shareholders have to decide whether or not they should invest based on those unknowns.

What’s weird is to come to the conclusion that it’s not an investment for you but instead of just moving on make it your MO to turn others away too. Thats where to transcends into ulterior motive rather than just lack of investor confidence.

Take the statement in the recent slide deck and now the decision to just use the second jig as an efficiency boosting pre-concentrator until third party ore is secured… perhaps news at Goantagab is close?

The better and fairer way to look at it is Nick came in two and a half years ago and almost immediately pulled off a raise at 0.175p. With just over two years at the helm he recently raised again at 0.26p, a 50% increase on the price ECR could command when he first took over.

Is this an amazing return? No. But given how poor the UK small caps turned out to be over the period i'm sure the vast majority would have ended up doing better with ECR than they have with their average investment.

For now Nick's done a solid job. If in six or so months the share price is well over 0.5p we can say he's done an amazing job, if it's crashed lower we'd say he's failed. We wait to see but for now anyone reasonable would conclude it's steady as she goes with all to play for .

Engage have some great partners and always looked incredibly promising but the trajectory simply hasn't been in the right direction since the €10m raise in early 2023. It's not just that they haven't reach cash flow positive status within that funding window but revenue hasn't been going in the positive direction either. We have 3.87m in 2022, 3.69m in 2023, 3.4m in 2024 and then this year's decline to sub 2m has been the icing on the cake.

With cash surely around the €1m mark now and last til likely the summer max god knows how they go on to raise enough to take things forward as a publicly limited company unless the Whelan's themselves put up the majority of the money for one last attempt at making something of this.

Nick's a lawyer, I think he knows full well the process and timescales when it comes to Blue Mountain application and expected time to approval, so it doesn't matter if it's not been applied for yet, it obviously will be soon and he expects a swift approval and ramp up to production later this year.

If it happens to be more like Q1 2027 I'm sure most of us would be happy with that, thought it would be even further into 2027 initially anyway.

COLDWATER is the massive ramper talking of us emulating Terns Pharmaceuticals move, i'd never predict such crazy share price appreciation!