Member Info for InJamesweTrust

Griffiths has a timekeeping problem that is worse than British Rail in the 80s. The man will be late to his own funeral it's pathetic.

Munnie

Think the Twitter warrior is suggesting robbed by dwarves when in reality those facing paper losses are the ones who have take his suggestions of rocket ships and multi billion valuations imminently and invested. Those are the ones facing losses not the 0.2p the share dipped yesterday but anyone who bought on Cove ++ M&A 2024 while the share was around 9.5p.

Indeed, I'm sure some less salubrious lawyers would say where there's blame there's a claim

As I mentioned yesterday though, Caveat Emptor so all should DYOR.

Not seeking to show anyone errors of their way Eurochamps.

Caveats emptor - this is a BB and I'm expressing my thoughts on possible motivations.

My tuppence, Griffiths is a useless CEO. May be an OK Geologist may be a good one time will tell.

What he is good at is dangling carrots to keep people hooked and creaming his salary

It seems clear he cares little about shareholder views as he made clear in the interview shouting about it being his company and he won't answer to anyone.

The bell will toll in the coming months and I hope the drilling, swabbing and testing are successful but with a different CEO it would have been known one way or another ot sooner.

Interesting timing for T&T to suddenly seem like it might be producing.

A cynic might think a failing CEO has less confidence than stated in MOU-5 and is seeking to portray substantive value to ensure there is a floor in the SP in case of failure.

Ironic since he has diluted it down by 75% since mid 2023 that he now wants to support it.

Maybe so he can continue his lifestyle longer term but even the blind followers here must tire of him if the next 3-6 weeks don't deliver results.

Quite happy with my job thanks F&M.

It builds more than you might think.

What exactly do I manipulate and what have I misunderstood?

I'll wait F&M - you're so quick to respond usually to posts so I'm sure you have a list of inaccuracies at hand.

Hate to think you just like to mindlessly shout down posters to create an echo chamber.

Why don't you point out something inaccurate then F&M from what I've said.

F&M

I think to call him a Shylock is a bit much just because he got the timing of the Cive call wrong and obviously the value but given the SP has been diluted 30%+ in the interim.

Pareto

So given "Cove ++ M&A 2024" turned out to be erroneous/false is that a lie and the author not to be trusted ;-))

Pareto

The CEO is responsible for timelines, its where the buck stops. Or at least it should be.

Anyway, enjoy your weekend.

Pareto

I'd say the CEO should understand the cash situation and be able to envisage the raise.

Believe I called it a sell on Oct 23rd and states it seemed like a raise the morning before it was RNSd late afternoon.

Dickie

I'd align myself with what I think is the way forward.

There is an argument that the company has had a litany of failures including the failure to have Cove++ M&A in 2024 for instance.

Not sure which other failures you mention?

The failure to call the dilutive placement and subsequent placement after shouting about M&A and multi billion valuations by end Dec 2024.

18 Jul 24

SP 9.5p

2024 M&A

Cove ++

That's it

#PRD

3 months later still no test results and a dilutive placing 1 month after this.

So I agree DYOR don't just follow blindly.

No Pareto he hasn't always added that actually.

The faux outrage from someone who last hear posted (with no caveats)

Cove ++ returns 2024 M&A

Compared to PRD, Cove = a rounding error.

So to lambast Spuds for what is clearly a pi55 take when others may have invested on his bombast and not seen it materialise is laughable.

He hasn't always added the iredducible risk footnote.

Blueglow

Yes think as one presumes the structure is greater then the assumptions unwind somewhat.

Not sure I subscribe to the 70% or the 50% and remain concerned about how the structure is fractured and how the sand will or won't permit flow.

It is a fairly binary play but don't believe shouts of Cove++ or £5 a share represent the immediate return possibilities as some would have people believe.

Sandy

My unfeerstandinhg from the presentation and the answers on here is the 50% relates as far as Paul is concerned to the chance of finding a high bcf number.

Don't believe it is split out in Scorpion ITR but would need to revisit

As the bcf moves to TCF then in PG/PRD modelling the chances reduce somewhat to the 12%.

Bold - this is how the company has modelled it and described it I'm not sure anyone claims it is independently modelled as a 50% CoS.

Happy to be corrected as no wish to mislead if others have an alternate view from their read.

Suggesting this is misprinted by a factor of 100+ with little reference to timelines and risks is either irresponsible or disingenuous.

There is much work unlikely to be undertaken by PRD to prove up MOU-5 if the initial drilling is successful. Those kind of valuations are tipping towards the 12% CoS as they'd need the higher end of the proposed resources from the ITR to be present.

Other folk shouting about five pound notes for a shilling are irresponsible fools, stupid or both.

Doesn't reveal much.

Not in the office this week so can't check Bloomberg but S&P tool doesn't give them much coverage.

They're only listed investment shows as a crypto mining company to the tune of c.£0.5m.

Plenty of family offices keep their business private though so may be there isn't much requirement for them to file but initially doesn't appear to be a Titan as a cornerstone.

Much still to become clear though.

Eco went through these court hurdles when drilling Gazania- they saw off the challenges successfully with a sound EIA and no reason to expect a different outcome this time.