Member Info for ID78

Hamm, I understand what you are saying but

1) seemingly we have a good relationship with the central government (re the IOM meeting and whatever was going on) - MB would not seek to our cold water on it be being impatient

2) imagine worst case - no LP this year and we didn’t drill VR having raised the funds and sorted out a team to drill. Everyone here would call for him to go ‘another year and nothing happened etc, etc)

Agree with almost everything Ibiza.

Except ministry for mining and heavy industry (MMHI) has now passed it to the ministry for construction and urban development ….

Find that a strange one…. Is Heron in an urban area? Anyway, as MB said they have to follow protocol and unfortunately PM are the first down this road establishing what the protocol is.

Ho hum

I just found it interesting as to date all mining activity didn’t warrant the need for a 3rd party to plan the mining.

Just to be clear, I thought bringing in a 3rd party was a good move and the board should be commended for it.

I just wish the certification had been passed to the ministry of wise owl speak.

Hi oyterman

I agree with everything there. The thing I sometimes struggle with is ‘lessons were learnt’. Sure a lesson was learned but does it mean other, separate, issues are not identified and also missed?

I find the hiring an outside company to plan the mining of the high grade area interesting. Either the team are overstretched, or they have identified this as a weakness in themselves and that having a specialist team do this planning will do a better job.

This I find interesting, it suggests they are able to identify weaknesses and put measures in place to help things move better.

So perhaps a broader lesson has been learned, and not just the specific lesson relative to the funding.

I also agree with LW’s posts, some good comments there.

PC are not helping delay this. Just the central government unfortunately. However, it will be resolved.

Researchandhold- I know, all very curious!

Curious and curiouser :-D

See what I did there? Crap banter aside, the visit to IoM for just that. … it’s odd.

GLA

Interesting…. Draw a trendline off the 5/12/22 and 30/3/23 lows and guess what… we are hitting that trendline.

In other words, looks like we are testing a support, now oversold and with 3 weeks to spud. LP due anytime.

Good time to buy then, we’ll done those that bought

AI, have you ever seen this down 20% but finish blue?

I have.

Not the craziest thing posted on this BB to be fair to Hamm. Nothing has changed so… … … …

Jamins, this is a highly traded share and the news today gives traders to feed on the more emotional traders that are influenced by the posts on here.

As you say,

- drill in 3 weeks

- LP ongoing and not priced in

The SP won’t be around 5p in 3 weeks time…

Lol this is not going back to 3.5p on this RNS. Everything is still in play and unchanged largely from last week.

So in summary

- V1 spud in about 3 weeks.

- LP could arrive anytime.

Nothing much has changed since Friday?

I still find it very odd the visit to the IoM curious. Did this happen for previous expiration licence rounds?

There’s no placing coming surf, we all know they are fully funded for ALL planned drilling activity. Curious why you’d post that tbh.

Condorman; excellent news thank you. Spud sometime 2nd week in June then hopefully (the 5th is a Monday).

Not long now!

I don’t think the drill team will stop for weekends. How long it will take to drill, sorry I don’t know…

Anything other than a RNS with the special certification approval it tenuous or circumstantial.

So anything found in the public domain will be tenuous or circumstantial.

Again, however, everything found and posted to date all adds up to pointing in one direction. To me it is relevant and useful.

If however you don’t find it useful. Switch off and wait for an RNS 🤷‍♂️

Thanks nine sandy, I was wondering that!

Any word on starting drill #3?

Wake up. Pick up phone.

Spend the day bickering with a stranger on a BB. Go to bed.

And repeat. And repeat. And repeat. And repeat.

Anyway, we could still be 2 weeks from any news on the drill team and preparations. Not long to wait now for V1…

Climbingwooster - MATD BB is an absolute basket case lol.

All the best

The drill team appear to be more than capable…

So the 3rd drill will take 2 weeks (finish end of month).

I think the spud will slip by a week or two, I can’t see it taking 5 days to demob, pack and move all equipment to V1 and set up again.

Nevertheless, spud is imminent, anytime the next 4 maybe 5 weeks…