Member Info for Hemo

Ivy and all I am feeling really optimistic about this but the one nagging doubt I have is why have the directors not bought more shares? I think the last director share purchase was back in 2015? Why have they not been buying shares? I presume they have lots of options but that does not give anywhere near the same confidence as investing their own cash. GLA this week.

When on earth are we going to get some news ffs!!!

Yes that's Goldfields.

Trellis has set up the action group on Twitter. @bezantactiongr1

Can you contact the action group please? Your support and knowledge would be most welcome!

Trellis and I spoke this morning and we wanted to update you.

We agreed that we need 5% to move this forward with teeth, so please put the message out there or join if you haven't already. The response so far has been excellent after only a week, with many, many shareholders responding and we are currently at 4% but that additional 1% will make all the difference.

Trellis and I are happy to move this forward as long as everyone else is happy with that as well.

Trellis will be contacting everyone next week and is going to set up a twitter account tomorrow for the action group.

Please support us and let's at least make these directors uncomfortable because they are failing, epically, and we need to hold them to account.

Trellis please set up the shareholder action group email and website as you suggest and hopefully shareholders like prickly will make formal contact and join the fight. We have some time over Xmas and New Year to gather support and then decide what to do next early in January. One thing I know is we can’t continue as we are because it will all be gone soon under this management.

Is it time for a shareholder action group before our investment sinks into oblivion? These guys are not up to the job. And it seems we will lose everything before someone else picks up the carcass and profits from it. They have their heads in the sand.

Can we have some new news please BOD? Just to confirm there is still momentum from new contracts. I guess we are unlikely to get more business in the PPA territories until we develop the new Illumina test but we must be able to get more new customers in the rest of the world?

Agreed. N*b. And for the record I wouldn’t be surprised to see a TF deal but it will be one that suits them more than us.

Yes that is what surprises me, no news of new contracts since the Illumina settlement. I thought we would be announcing a few by now. No reason not to disclose now we have settled?

What on earth is going on here? The share price is tanking in spite of reasonable, already known results and certain posters are ramping again in spite of all the evidence, repeating the same points about a TF deal that have been made ad nauseum over the last few months. Anyway we are all on the same side and want the same thing but it still seems so far away. GLA

Agreed we have had no real news since the legal settlement. A very depressing day. Great expectation, same old disappointment. We need more contracts, activity and communication but the Board seem content to let the share price languish for some reason. Need tuck it away for a year I think because there is nothing to get excited about. And I’m not surprised there has been no news on the TF loans and warrants because they are not stupid and must be feeling pretty ****ed off about the new ‘platform agnostic’ approach. Surely we should be saying ILL in the PPA territories and TF everywhere else?

Thanks for the feedback but sounds like you both bought oil from the snake oil salesman! I don’t feel reassured at all about the cash position or the chance of securing more funds and the fact remains we can’t sell Mankayan so everything hinges on this new report, which may say it will cost $1bn to mine. And to hear he wants to drill Eureka is both a distraction and an insult. We are in a very bad place.

I look forward to your update RR. I’m a Red too, we need a point tonight!

I look forward to reports coming back from tonight but I am minded to start an action group after today’s RNS. I am happy to lead it or happy to be led! I have 5m shares. Let me know how you want to move this forward. In terms of my credentials on the positive side I am a chartered accountant and chartered director but on the negative side I am clearly a ****e investor!

Jam tomorrow and bluster from LR.

I have just sent this email to Laurence about the RNS.

Laurence

This does not help I’m afraid.

It says to me nobody wants to buy Mankayan as currently presented. Have we had any offers?

How much cash do we have left? Will we need to raise more funds to progress this workstream? What other studies or workstreams need to be undertaken after this study is completed? How long will it all take?

What are our options in progressing the project?

What are we doing about the FTAA/MPSA? What other initiatives are we undertaking to progress the project like engaging with the local communities, government and satisfying environmental concerns?

There are too many questions left unanswered and the communication remains poor and cryptic.

Thanks

I am not happy at all. I want to join with other shareholders to force change because our investment is going down the toilet.

I am up for joining any action to force change in the Board. I think we need 5% to call a meeting in which we can seek the removal of one or more directors and/or the appointment of another director. Of course it may not work but it will make them think and apply pressure. I will wait until after the presentation on Wednesday and would then be happy to join any action if we all remain dissatisfied.

How can we turn down a $10m offer without announcing it to shareholders? Either that is a serious instance of failure in basic corporate governance or untrue.