Member Info for Horult

Yeah but that at least followed an interesting RNS about a buy in at 2p per share even though the current SP was 0.4p

Why has is risen so much on no news

also odd why they company has not released an RNS to counter as they often do in cases like this - we see no reason for the recent SP rise

10/20% fair enough, 100% over a matter of weeks, fair enough

but 100% in 2 days is just odd

In further response to this the non shareholders have decided to vote no at the upcoming propsal

Seems to be a split across the board, not necessarily 50/50 but close to call on those shareholders that took positives or negatives from it

however the opinion of the non shareholders was more clear, 100% thought it was negative

Just squeaky shoes

weehooweeehoooweeehoooweehoo

very unlikely anybody will get that movie reference!

100 points to anybody that does

Suddenly spiking...leaks?

Lol lol Lav what a complete plonker

you come to a board you are not invested in

constantly deramp it

and then filter the people who object to you being here and attempt to counteract your deramping!

what a very very strange man

Must have felt like a long week for the leo shareholders, they must have thought it would come back within a few days not over a week

and a chance they will have to extend again, doesn't seem to have been any new, mining news coming from Mali

should find out after 22.30 tonight

There was some chatter last week, some tenuous link info on linked in or something

as usual its all just guesswork and speculation till the RNS lands

And the optimistic holders have been saying all along that there is confidence there will be SC6 in the bags when all plant issue are resolved

even you should see the logic Lav with your constant deramping about what is in the bags - because if there was no likelihood of SC6, then canmax would be selling their shares as they would not want to buy it

the fact they have kept all their shares is a good indication SC6 will be fine, they believe it is SC6

the walking away regarding loan agreement has just been a tactic to try and get better terms

I find it slightly ironic that if it comes down to it and the big raise happens, if they still believe in the SC6 they will have to buy more shares - and thus in effect (in part) paying themselves back with their own money

I can't get a phone signal in the comfort of my house half the time in a first world country on the outskirts of a City!

So I have no doubt that the site in the middle of nowhere zimbabwe has likely zero signal

Lol Hope you have done nothing but deramp prem but now claim to have been thinking of buying?

yeah right of course you were!

what a funny way of showing it

I think he may have just worded it wrongly. I mean it's still undergoing testing so it will be running on and off all the time. So is it running at this exact moment? No idea.

Not to mention the regular downtime changing of those crappy seals on the mill

Couple of sticky moments but overall I thought it was good vibe

stark rep is also on the line, so no doubt hence their released info. GR will of course know but cannot say. Stark saying product looks white so contaminants should be removed is one thing - but it is anecdotal evidence, GR can not comment on that even though I am sure he is aware of it. He can only comment after it has been tested in the lab next few days ✌✌

expected 14 weeks for the second mill but using the one from up the road, even though it's not perfect, sounds like a smart plan. Potential to get some production going faster - 10 days✌

I'd hope for more than a RR rise on the good news RNS

hopefully more like ACT

In my opinion we have the following scenarios

1. canmax stick with us, friends again the 5 billion headroom is not required and not used though may still be another smaller raise to cover short term costs

2. canmax walk away but we get a new offtake partner in time who pay off canmax loan, the 5 billion headroom is not required and not used

3. canmax walk away and we do not get a new partner in time, so we have to use the 5 billion headroom to pay them off - this may only end up being a part payment, but this would be enough to keep them happy till new offtake is finalised

4. canmax walk away, we do not get a new partner, the headroom is not enough to pay the debt and we are all officially screwed

see no blind faith, just showing the possible outcomes and whichever outcome you believe will happen - we still need the headroom as an option and therefore your simply must vote yes

Unless of course you believe in option 4 in which case wtf are you even doing here? Kindly bugger off and leave us to it

It is not blind faith. It is simply answering the questions as to why the headroom is required and what it is to be used for.

If it was blind faith, I would say the plant testing has been completed. It is confirmed SC6 in the bags. Canmax have taken this info on board and have decided to stick with us and indeed given us an extra 5 mill loan to cover short term costs till we are producing enough to sell back to them. All of this to be revealed in next rns and video

As Acker says it could be used as part payment

and what if the next RNS comes before the placing and it is great news? The SP will rocket and the placing funds will more than cover the loan. But the derampers fail to even consider that possibility

if it is not to be used to pay off canmax then please do enlighten us all what it is going to be used for? GR is going through a second vote process in order to get the funds for what exactly? Oh yeah its just for fun!

Not at all as I have previously stated it can take time to organise a new deal.

A new partner could indeed pay off canmax. But if that deal is not signed in time he needs to use the headroom instead

It's not exactly a difficult thing to understand. All the genuine long term investors here understand it.

The derampers are out en masse this morning

it surely must mean that it is a ruddy good RNS due 12:00 and a ruddy good video to follow😂