Member Info for Jackbal

Using the same brain that had me taking profit at 11-12 which now allows me to wash my face.

Enjoy sitting on your losses you melt

He is in effect trying to build himself a reward for prevention of going bust imo.

Shouldn’t that be the mini min requirement and not worthy of reward?

Has anyone seen his salary?

The guy who says he has enough money and it’s about helping people.

Joker - must think the whole market is dumb

Disagree that this will be well received by market.

Options with nominal value strike price!!!

I’m still leaning towards half positive commercial update alongside the collection plate.

Without that he’s not getting one away without re-org

Raise, it’s just that he legally can’t raise below 10p as it stands He would have to re-organise the capital structure

Doesn’t necessarily mean he can’t raise

On reflection your prob right.

It’s not like he just needed a million or two from punters, good point

If he doesn’t have any positive commercial progress to report why didn’t he raise around the illumina update?

It’s cap re-org time otherwise (he’d probably try and spin it as a pos to attract larger investors)

Makes no sense to me - keen to hear other opinions on this point

NtM - not me.

For all of my criticism of the activities and reporting I still think 1p bid will come again.

A market cap of 9-10 million should be easily doable after an asset sale of 15-18 million ordinarily.

“Ordinarily” being my caveat/disclaimer!

I really am going to try and stop posting as my strategy here is now “bigger mug strategy” and not helping myself being brutally honest.

Just posted as I was asked a Q - from now on I’m going no comment hoping to get bailed..

Ok Zap apols for calling BS but your point about not putting out rns for sake of “money management” is truly absurd considering they put out 2 rns on same day.

If “money management” was a reason to limit rns communication they would have put out 1 rns with all the info rather than 2 rns.

Wouldn’t they?

How about you stop defending indefensible corporate behaviour and I’ll stop posting?

Very good Summary imo Gecko that I totally agree with.

I’m over speculating on this point but I can’t help consider that if the Illumina rns was all he had up his sleeve why didn’t he get a placing away already?

If that’s all he’s got he should have done it already.

Now he can’t get one away without a re-org or more news to pump again

My theory about him combining some form or commercial update to justify more dilution still holds water, maybe even a bit more water

I’m trying to be positive or say nothing but Zap, why are you trying to paint a picture of fiscal efficiency?

Firstly you know he is taking X5 salaries across all his companies so why would he be doing that if he wanted to be efficient in

“Money management”? We both know he would be centralising costs and taking stock in lieu of fees and he is not doing that.

Secondly and a far more obvious point he has put out rns so could have added info.to existing rns for same cost….

Please just stop with the BS. Please?

If I’m betting on football I don’t bother trying to call the manager.

Depends if you regard it as serious investment I guess

Two good called it back into single numbers - that was a good call too on the bearish side.

Where do we go from here? The lack of commercial update has put me off averaging down so far but overall market sentiment to risk not helping.

It’s an interesting, exciting or nail biting time as Newlands can’t raise down at these levels without a re-org.

Is there a rabbit in the hat or a load more excuses?

Glad to see some news on these projects.

Silverking required the earn to happen within 18 months of signing so glad to see traction. Also glad that w foreland is moving along..

Much better rns imo / hopefully market agrees

Here’s hoping ntm. Best of luck to you here and elsewhere.

If you take on 5 new projects.

4 are duds

1 is successful

The time, money and dilution wasted on the 4 can do more damage to the SP than the benefit of finding resource in the 5th

Look at AIM full of companies frantically pointing at their one half decent asset while the SP has been crushed by all their other failures

Agree re lottery ntm because you are buying a % chance of a known outcome.

Buying more and more unknown outcomes doest actually increase chance of success but does increase risk and probable dilution.

It’s not the same (sorry!)

To be fair to the more sanguine and Colin excusers (not aimed any anyone specific) he is giving them nothing to work with.

Last year the NW Zambia postcode and silverking license seemed reasonable RIsk v reward for a “cashed up” explorer.

For whatever reason he decided to spend cash on drilling an asset in litigation, bought a waste heap and spread himself EVEN THINNER into Morroco. Why?

Why didn’t things get moving in NW Zambia with a nice budget - said he expected to drill last year ? Why has nothing been reported on Silverking?

Chilibwe rns - ridiculous

Waste heap purchase - pointless

Moroccan rns - contradictory.

Why did XTR need to be involved in these?

The one common factor is cash has been quickly spent on all these. Why the rush to spend the cash when NW Zambia and Silverking in portfolio and requiring plenty expo cash.

Why why why? It smells suspicious of is it a case of a greedy old man who has bitten off far more than he can chew

Who actually is Charles Archer anyway? Is that even his real name?

What enviable track record, abilities and qualifications does he have to be acting analyst on-line?

Why’s he writing pieces on junk aim stock if he’s such an expert?

Manuel from fawlty towers knows more even though he’s from Barcelona

Jez I’m assuming sarcasm on your part “Surely we aren’t actually witnessing a transfer of our wealth via smoke and mirrors ?”

What else is there to say about XTR?