Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Be equally wary of down rampers. They pop up any time there is a discussion to do nothing more than down ramp - look at the almost identical posts they posts on this chat board which are really long and with the purpose of trying to stop people discussing views that don't match their own. Likelihood is there are single operators for multiple down ramper accounts. Recommend filtering on your preference for down/ramper accounts and always DYOR.
I would concur with Aston, the JV terms will be revised. On what basis we need to wait and see and likely will be before any agreement on spending for 2025 and may be guided by the work being completed over the summer at Disko.
After catching up on the last few days posts, doesn't look like I have missed much but what a complete waste of time - any discussion appears to completely drowned out by nonsense posts. (Although I did chuckle about the one about the Cod fisherman on machinery on Disko island).
Anyway good luck to all genuine long term holders, it's been a painful ride, and hope Jay comes good at some point.
In fairness, this pretty much confirms what a lot of people on here already suspected especially related to the drilling method.
However, the damage is already done to investors trust and just because they have reinstated prior resource estimates doesn't mean that everything will suddenly be alright.
Jays BoD priorities are out of whack with reality!
I can literally hear it now, "guys, should we crack on with a Kobold / Disko RNS, nah let's get our share options sorted before we lift a finger to do something"
The share price is so cheap, the company the managements only "reward" should be to buy shares at these prices and back the company!
The Pink Market — named for the color of paper it once published share prices on — is where investors trade stocks over the counter rather than on a major exchange like the NYSE. Most of these are so-called "penny stocks," selling for less than five bucks per share. Some really do only cost a cent.
While certain retail investors love the rollercoaster experience, trading in pink sheets is considered highly speculative (because many of the companies are in bad financial shape) and dangerous (because, as the SEC has warned, the off-exchange market is rife with fraud and manipulation).
Looks like we need some Wolf of Wallstreet treatment on Jay...
Ashton: "Would the addition of a major miner be regarded as "NEW ENERGY"?"
I don't think it's a major miner at this point because of where they are... They just had a major clear out of the old guard (and dead wood) who were drawing pay cheques and not actually doing anything to advance the company. Bringing in people in key positions aligned to the new one asset direction would be more likely IMO but the again - who knows - as we don't really have any elaboration of the strategy and still no sign of an Eric interview.
True none of us know what is going on here which adds to the drama of this board.
To your point on drilling 2024, we have the Eric comment and we also have the RMc comment from the LinkedIn post around looking at drilling options at Disko - that's what makes me think we are drilling this year. If we don't drill and get an adequate strategy with actual milestones - whatever is left of my miniscule amount of faith in management will disappear and this one is in the bottom drawer.
And therein lies the difference between the two options. "Funds could support" - realistically Disko wouldn't be fully permitted for atleast 8/9 years - I don't have the figures to hand but between drilling to prove up the resource, PEA, PFS, FS, Permitting etc etc it would cost mid to late 10s of millions -> Any stake Jay retained would be diluted and diluted over and over. I'm addition, while you put down your preferences for management -> we could very well end up with an analogue of current Jay management.
Re: My option is more akin to a Turquoise Hill type option. A major, i.e. Anglo, takes out Kobold and a chunk of our slice (no further dilution and no additional financial commitment / obligations for Jay). Plus to your point: the major would then be answerable to actual shareholders and would be seasoned at taking projects forward.
True but then again I don't think mgt actually in our best interests plus once "Nikkeli Plc" is IPO am sure there will be the typical cap raises that will dilute out holding down unless we maintain (we probably wouldn't have the cash to maintain).