Member Info for Icarus49

Have I missed the AGM trading statement with news of the new contracts signed so far this quarter?

It has been almost 2 months since the Strategic Review was announced , which included the statement "....engaged with a limited number of counterparties with regard to a potential sale process in respect of the entire issued, and to be issued, share capital of the Company". Would expect an update imminently.

Being listed by IBM is clearly good news but presumably it is a bit like getting your product listed on Amazon - IBM will take their cut -possibly quite a big one. Hopefully Cirata have negotiated some commitment by IBM to actually promote Symphony and we will get an RNS from the company.

Was very keen on Idox - sold out a few years ago. They seemed to have found a profitable niche market but silly acquisitions and ignoring shareholders interests has come to this.

The quarterly report on activity is unlikely to contain much new information - any major discoveries or assay reports would not need to wait for the quarterly report. Having said that repeating the good news from early February won't do any harm and I would expect a spike upwards as happened when the last quarterly report was produced (share price up to 0.23p last time). This may be being too clever, but based on last times share price movement perhaps then we should sell and buy back a couple of days later for 30% less!

Key ASX Listing Rules for Miners

Quarterly Reports (Rule 5.3): Mining entities must lodge quarterly reports (cash flow and activities) within one month after the end of each quarter (March, June, September, December).

Bought at 0.3p, 0.28p and 0.98p - mistakenly sold some at 1.27p - but enough left!

6p seems to be the ceiling - surely should be moving past that - over 1,000 trades and 10% rise today

Perhaps some of us have seen the pipeline before. Very little seems to come out of the results end of the pipeline. In fact in Q1 - nothing in the way of new business. If everything is poised why are directors or senior management not buying?

Bookings in Q1 of ....$0.1m - no new logos.

Good trading update, with mixture of renewals and new business:

"As at 31 March 2026, the Group held gross cash balances of £20.0m (2025: £18.7m). The Group continues to maintain a debt-free balance sheet, providing financial stability and flexibility to support future growth initiatives."

Don't expect a dividend but something bit more substantial about future plans to use this imprssive cash resource. Really think that the company is well placed to help companies prevent ransomware and data breach attacks.

West Coast Silver Limited (ASX: WCE) (‘West Coast Silver’ or the ‘Company’) is pleased to announce

an up to 1,500m diamond drilling (DD) program is to commence in early April at its flagship Elizabeth

Hill silver project in the Pilbara region of Western Australia. The drilling is designed to expand the existing

footprint of the Elizabeth Hill high-grade silver mineralisation down-dip and plunge of the historical

Elizabeth Hill silver mine.

How can guidance of 260k oz - 310k oz be still there when have produced250 k oz after 3 quarters. OK say likely at or slightly above higher figure. Is a significant slow down expected in Q4? If should surely revise guidance.

Also in the Turner Pope report on Ironveld under the 5 year share price chart: "Past performance is not an indication of future performance."!!

From Turner Pope (who are a very interested party) "......Throughput is then expected to be incremented further, lifting production to a targeted 15,000 tpm during 2027 by which time, assuming that volume and current DMS-magnetite prices of around US$100/tonne, the stakeholders

could potentially be sharing over £13m of high margin annual revenue." Market cap is currently under £5m

"........pleasing to see guidance remaining unchanged for Q1 2026: that they expect to see the Company move into a cash flow positive position. Given the complete lack of new business via RNS, I imagine this will be a surprise to some."

Not really, as they had receivables of $3.4 at the start of the quarter which will have been paid in Q1. The receivables presumably were from the renewals booked in Q4 last year.

We have been here since Mercury Recycling - can't give up now so another 2 million funded by Greatland Resources and Strategic Minerals - hoping Ironveld will join them soon! Think that a 1,000-1 consolidation would help us cope with the decimal point!

Understood, Dr Jenner but would hope to see more expenditure on projects rather than the Directors! Am keener on Afentra (last week increased holding at at 73p and happily they are now getting two new holes drilled at no upfront cost) than Corcel, though continuing to watch. How long will it take to get to actual production at Corcel and how much will it cost?

Great RNS - two extra holes to be drilled quickly in block 3/05 at no up front cost to Afentra.

Some numbers from today's RNS. 6 months to End December 2025: Project Expenses: £113,000; (Same period 2024: £168,000) Administrative expenses £2,806,000 (Same period 2024: £1,321,000). Perhaps should be spending more on project expenses than admin.