Agree Chicken and Break..
The absence of timeline to THE only event the market values resolution combined with rising costs and diminishing cash will keep the SP under pressure.
All the clever talk and promos and flagstaff talking AT US will not distract the market from dilutive confetti concerns or distract from where the real value resides.
Just because you have come out and admitted under performance it doest fix anything.
Better off just saying nothing and then out of the blue a resolution.
All his webinars just leave him wide open to even more criticism and Don’t help.
I’m annoyed with myself for watching the webinar. I knew it would almost certainly annoy me yet still I watched
If nothing positive to update on Anza tomorrow it’s just pantomime and he’d do well to take into account every time he talks he makes it all worse.
He could save himself the bother and save us all from EVEN MORE frustration by saying nothing at all.
I’m not sure if they still read LSE after they have basically had all their BS called out and proven on this site but if they do read it
“DONT EVEN BOTHER UNTIL YOU HAVE SOMETHING TO TELL US ABOUT THE ACTUAL ASSET WE PUT OUR MONEY ON”
We don’t give a monkeys about these others without knowing what’s going on with ANZA
He can’t honestly believe that he can aell this to market as a “strategy”
“Let’s dilute Omi by approx 50% just for a couple of million to do even more early stage stuff on ground we just pegged on a different continent”
Surely not. Well I hope not anyway
V interesting theory that holds water imo.
I agree that there is something suspicious around the refusal to enforce a JV or walk.
With a market cap of 3.75 mill he can’t hardl claim “it’s not a problem” unless he knows something about funding we don’t.
I think the factor that goes against the theory of Newmont providing funding is that Turner Pope seem to be getting more involved. He’s already done a lithium webinar so why a second one associated with TP?
Food for thought both ways. The way I see it is that the MOST important thing for the SP is that he provides reassurance to market that he will find an Anza resolution before he dilutes. That would put collective minds at rest for now and provide SP relief.
If this webinar comes to pass on Thursday without him providing guidance on how they can improve the mcap before diluting to fund other projects then the silence on that issue will imply a dilute at all costs strategy.
It’s almost a case of what he doesn’t say on Thursday for me
Waiting is all he can do Break imo as doubt he can afford to pay back 2 mill cash. He can’t force an issue if he can’t return the cash imo.
If he does get away with raising on AIM (think he will based on my research and nie Turner pope getting more involved)
Horrible dilution for us is positive dilution for him.
He knows if AIM holders get to vote he will without doubt he voted out but if he diluted the old vote into obscurity he can curry favour with the newbies he brings in to dilute the old.
Got to hand to him he’s played a blinder from his own financial perspective,
We’re now the ones over the barrel it seems
Ok Godo.
You know what I will take another few months off commenting here as you make a fair point without nonsense ramping.
Good luck to all, Bod owe something back to holders here after years of promises.
One of these legacy initiatives surely has to play out soon.
Good luck to everyone Including coyote.
Don’t like people losing money (it’s just that i like BS from well paid members even less)
They actually try and impose a very silly narrative that there is some sort of agenda against all of their great work.
Nobody in the market likes confetti dilution and that’s all they have been able to deliver so far yet they want to play victims.
The numbers say it all and they don’t lie. It was failure on legacy assets that made this uninvestable. Bob actually said clearly in an interview earlier this year that although he didn’t know exactly when the Turkish settlement would def be this year.
Wrong again Bob?
Pathetic and childish that they refuse to acknowledge it was an awful and mistaken strategy trying to impose an expensive and very early stage vast land package on an already bombed out skint explorer with little cash and a pfolio of legacy. This strategy would only work if they converted some of the pfolio to cash before we hit at least 2 billion shares.
And before anyone accuses me of being pathetic and childish myself you would do well to remember I’m not responsible for your money.
All bod criticism aside Dr R I Agree, added too early last week but I think 4 mill mcap and below with the current cash is appealing r v r.
I will become even less popular for saying this here but I think if there was chance to sell Anza for 5 or even better 10 million it would be preferable for all and above all the SP.
These other 3 JV’s would then have a chance to put some value back on mcap. If he’s forced to dilute to fund them the chunk of equity sold would be so large it would offset a lot of the potential gain.
However if he does “just happen” to be in possession of these other JV’s when a bid for Anza comes it will look choreographed and certainly no co-incidental imo. That sort of thing created a stain that can’t be erased.
The fact that we are even considering dilution at 2p whilst the only asset of proven value sits in C&M is mind blowing.
No explanation from them about how’s it’s come to this either.
I’ve messed around with silly stocks like this for decades but this one is off the charts ridiculous. You don’t have to be insane to hold or buy but it helps.
He can’t come out and say old JV not fit for purpose because he has also said their right to 51% was iron clad.
It can’t just be fit for purpose selectively, the thing is either valid or it isn’t.
If it’s valid why aren’t Bod enforcing it?
If it’s invalid why did they sell 51% with no JV attached?
He should have to answer that but he won’t
BT the JV is becoming a sideshow to cash.
Omi won’t even have 2 mill cash soon and if they have to dilute down here catastrophic for all of us.
It’s gone too far/cash too low imo now for them to walk and the partners will be even more aware of cash position.
When I posted 6 months or so ago that the 2 million receipt had him over a barrel it was this prevailing scenario I had in mind..
I did have one consideration in defence of bod (not just saying because I bought at 2.25 hope I’ve been here long enough for people to know I’m sincere if regrettably a little disagreeable at times which I do apologise for if I go too far)
IF bod were colluding with the majors over cheap sale of Anza would he have stated his feeling that “they drilled wrong direction”
If he was in cahoots I don’t think he would have made that declaration publicly.
(Unless he just dropped a clanger??)