Member Info for itsaduster

All in my humble opinion and DYOR

He looks weary and beaten by the whole thing.!! There is quite a big cultural transition to be made from GurkaLand, and the Army to Mining and Business and South America. That will need dumping past learning and learning a whole new lot. Who will supervise the DFS ? Will it be someone with Mining experience ? Millions in gifts have been given for free !! Why would any one think they must do anything now. They have it all. I feel money has been spent far to freely. I hope we arnt treated as an NGO or its just Blitish Government money hand outs. I say be very careful with cash. Shut everything down and walk away ...... suspend the payroll (did he say 500 people on the payroll and ''hundreds'' going thru the free training centre. Presumably all off to earn fat wages in USA.). Let them call us when they want to get going with permits and all the jobs and high wages. Remember we have suspended Mining expo so we can pay for better social conditions. The money will run out. We need Mining to pay for it all. We Hired in new Persons to make the difference and we don't see hide nor hair of them.. We must expect to get something for our money. Do we need a Leader in who understands 1) Mining and 2) Business culture. and 3) South America Some might say I am too harsh ? Maybe and I acknowledge he is obviously a very nice Person. !!

I couldn't find him on the list of presenters !! although he was originally there. It would make sense if he has taken the chance to withdraw from presentation as this would expose him to some seriously nasty ridicule. The fact that he was on the list initially caused me to think he is completely disconnected from the real world or he has some seriously good news to divulge. With his removal from the presenters list (if I am right) could it be the penny is dropping.

Thank you

Anyone in presence of CB tomorrow ......... Lots of Q to be put but top of the list is What is the nature and extent of Nexus' claim on our property and operation ?? 2nd Q What grades are being found by our contractors. ?? 3rd Q What on site presence do we have ie Shift Boss ? Mine Captain ? Pit Boss ? etc 4th Q What have been the problems with Omnia and when will they be over come. When will first production be . Just a few suggestions if needed .

Luvs to surprise and the Investors conference would be the best stage he can get. I can see him basking in it with a smug look on face shlurrpping the endless line of free beers you guys are going to buy him. Posting hypothetically !! of course

Yes Moneyhawk when I read they have had to stop taking 3rd party material for a while I wanted to connect it to the preps and plant build for the Pt Recovery. Not knowing any thing about their circuits it is just guess work on my part and yes wishful thinking. They havnt given us any reason so that's to come I shouldn't wonder. Anyway if I am right then it might be a pointer as to why they have not started earlier to go for Pt extraction at DCM. Keeps the interest going any way. Maybe someone can ask at the Conference. ie Why has 3rd Party been suspended at DCM ??. Will it be resumed soon ?? Is it connected to plant build for Pt recovery ?? Anyone ?? I intended going but they had sold out when I finally got round to it.

Probably !! No offence intended old luv !!

Who lets the dogs out ?? wouff wouff In my humble biased opinion someone has pushed a sneaky note under Snotties door and he's hit the phone to his brokers ......... again !! I hear from his butler he has taken to trying on the regalia in preparation for when he comes out on his Council Estate and tells them all he is a Toff.

Its been a really good week here at JLP but I think the market is waiting for free cash flow before they give stamp of approval.

Its not a big dump so I never expected a Pt GP metals extraction plant to be built at Platcrow. But separation of Chromite is relatively simple and primitive so I guess that will be done at Platcrow. Seems we are taking 6 or 7 months to establish a float at Northam so once they start plant feed I guess we will double up transport.

Yes Bonkers is right it might all go very wrong in many ways and we might get Nuked. Humour me Bonkers ..... what is pmsl ??

continued ....... MM stands for Market Makers. That's what they do .... investors don't do it. I don't expect this sp to jump any time soon but I do expect it to maybe get back to 3p some time this year. Also this is slightly different in that it is a provincial prospect (HUGE). So we may get a short cut by getting bought in some form or other. Then a price will be placed on Cu in the ground which has been proved up to a particular degree of certainty. For me not good. I would like to wait till we are mining. Problem is that puts us in the way maybe (MTR) Confirmation of finance to production will be excellent news but again where will we be as a hanger oner. (MTR) Pre production price for me is 10p. In production a few times that. When ? Inside 4 years ? Reality ?? Anybodies guess. !! but progress has been astonishing and confirms the quality of the BOD. and yes the prospect too IMHO and DYOR and GL

dontpanick ......... been there mate over many years and wasted much time dreaming and waiting. Eventually I decided to create scenarios (hate that word still) . ie for a good solid VERY well run and MANAGED company I will try to buy 6mths ahead of some good news which I would expect to give sp a nudge up ........ ie First gold pour or some such. On this one my theory in place is:- At IPO many (probably small) Fund Managers and Institutions took sizeable chunks of shares. Many such I happen to know invest in a certain part of the standardized sp trajectory associated with the creation of a stand alone Mining Company to maximize profit and minimize RISK !!. We are at the point in time when all the meaningful drilling has been done (ie we have copper) ie sp has lifted. So we are now in a phase when parameters are being established and this will be followed by financing. This is all very risky so they wont want to be along for that ride. Because of the number of Institutions and the shear volume of shares they hold they need to arrange an orderly exit. For this they look to MMs. They will get out under stewardship of MMs using various techniques to support the sp but towards the end with most shares gone and profits realized there will be some dregs left. The MMs can then let the price drift down and if they want stock themselves it is a chance for them to bag some at a depressed price particularly if there isn't any news about. I believe that is where we are now ...... at the end. Once all those shares are thru the market can stabalize. It may stay stable as definition drill is done and jorc compliant resources declared, then DFS will be finalized/written, then Mine Plan written, then Finance sought, then Mine build, THEN FIRST COPPER. At First copper a huge amount has been derisked and so a whole group of other classy investors; specializing in this phase of the standardized sp graph for the birth of a Mine Co; become interested. The prediction is that the sp then climbs gradually as the expected performance (from the DFS, jorc and Plant Engineering) is proved and sustained for a prolonged period ..... say 18 months and showing Free cash flow !! A peak is reached which often mirrors the original peak reached from expo news. It then flattens out again but if the Mine expands and finds additional resources to increase production from then the price may resume a limited upward movement again for a short while This is all kicked about by day to day news flow and of course the price of commodity. These are entirely my thoughts and theories and to some they are rubbish.. I will agree with anyone so suggesting. But it is what I work with. Have your own thoughts and theories which you will build with experience but if I may, I suggest you have fun with it. It brings so much understanding of life by drawing together Science Engineering Politics Economics Philosophy Sociology and of course history. IMH

1.78 in touching distance next up 1.43 Down trend still very solid. Join me in playing Mms at their own game. True we might not get to buy at 1.43p as MMs may want to load up for their own account but we can try to get close.

If 222 gets lucky and gets a chime off it ......... I shall pile in and graciously accept the gift horse. Only to get the twang up when drill results come out. Good plan 222 I shall join you for the ride. !! Don't be mean to the deramper.

Norilsk targeting China for sales so China wont buy from other suppliers from other areas around the globe Definitely a period of adjustment to go thru but unlikely to hold Ni price above 14000 maybe. for too long ???

Its a serious proposition for which I have a wedge waiting !! Double dips are a very lucrative indicator for me but obviously not exclusive or definitive. We will see by Friday or next week. But as with all graphicals its is funny and needs happy campers. Don't tell me you arnt aware many small Institutions sell after the drilling. Its not a qualitative investment judgement its process. They use the MMs to help them exit in something of an orderly manner. Other Institutions invest in other portions of the curves. Botswana is somewhat unusual though due too its size and significance and multiplicity of prospects.

Did I mention PoO

Decent coverage here which I suggest might have encouraged some firmness. They make the point that the Perth Hub and environs are 100% held by us That the tie in to Scott on the face of it seems likely and highly beneficial to set up costs The high sulphur content of the Perth oil isn't likely to be prohibitive as solutions are available. Nexen is a good participant. Dutch portfolio is showing higher performance parameters than already booked. (flow rates and resource quantities.