Member Info for Hemo

The wait is excruciating. Could land any minute. I’m determined to hold my nerve although the temptation to fold intensifies every day! I have 750,000 of these at an average of 20p! I’m sure many of you share my pain!

Just playing devil’s advocate but could the reason for the delay be that the grades in the virgin gravel have proven to be disappointing and they are scurrying around trying to reassess everything? I’m not a deramper as am heavily invested here but the delay makes me nervous given the quick regular updates in the past.

Absolutely, the whole Board should resign for this because they are a joke, including the bumbling new Chairman.

Does anyone know how long it will take to resolve this because we have had no update in ages? That £800k would no doubt be very useful now.

I see BHP is on the lookout for new copper projects. Have we made them aware of Mankayan I wonder?

You are referring to their Annual Report not the AGM presentation. I notice Peter Collins earns more than Stephen Little, which seems bizarre. �1m spent on directors remuneration. I would suggest this is a bit heavy for the stage of the company and its financial position. Adam Reynolds is not worth �60k per annum.

I can't understand the negativity today? The processing rate of 500m3 is just part of the ramp-up of production towards 1800m3 per day. It doesn't happen straight away. The grading of the recovered metals is in line with the Board's expectations, no more, no less. I think this is just what we have been promised. The only disappointment can be that the RNS didn't exceed expectations but to my mind and reading of the update we are on track.

Our new Chairman sounds an idiot moaning about this. The loan fell due for repayment on 31 March, we knew that, we didn't pay it, so what do you expect LCC to do? We have raised money so have funds, why can't we repay this loan? It's called normal business underpinned by contractual law and these matters have to be managed by the directors. Utter shambles, the Board is a joke.