Member Info for Jackbal

Bhargav,
Whichever way we look at at cash was 3.5 mill end of Jan so in last 4-6 weeks 1.5 million been spent and not a drill turning….
I was pleasantly surprised by last cash marker but equally unpleasantly by today’s…
I know I can’t have it both ways but I have to wonder what the 1.5 mill has been spent on over last few weeks….
Am I getting this wrong? Grateful to be corrected

Unfortunately for those of us that don’t want an even longer hold there’s early stage Walkabout data which we know how market treats that stuff and a stock option/dilution/strike price rns to come too.
That’s prob all we will get before the JV we all tried to be clever around concludes.
It’s all on track it seems but bloody hell, feels like we are losing best part of a year while the metre keeps running.

YAWN

1.5 mill burned since end Jan
Timelines pushed out even further
Stock options price to be announced

Forgive me for being underwhelmed!

Are you not entertained? Er, no!

So cash at end Jan was 3.5, received 2 million now cash is 4
1.5 million burn rate in last 2 months??

Rosso that’s a falsehood they can reset their options to compensate themselves in that event so although they share a tiny bit of pain it’s not terminal as it would be for the holders plus they still keep their overpaid roles….

Kutzz they will have to seek approval to re-organise as a placing above nominal value is not only unlikely it would require billions more shs. these are things always voted through as the alternative is worse…

Or they could raise from legacy as they implied they would years ago but Frankly boys crying wolf springs mind

They intend to fund it at great expense to existing holders. All they have ever done is thrown new holders under the bus with their blinkered and frankly unacceptable “strategy”

But at least Tim’s excited about the Geo living his best life! Who cares eh, it’s only the SP!

CFO gave his game away with the dilution comments. Well done Bob carry on building assets at huge expense to equity. By the time you finish the existing holders might even own a % or 2……

Cap re-org looking inevitable tho

Thx for your opinion Bhargav

I know we’re not a producer but decent producers I own imo like Altn and shg aren’t really doing much either

I wouldn’t even rule out the thing dragging on longer than end of March Q1…
Bhargav do you rule this out?
The one thing I would say tho is that the market is so stacked against these sort of plays right now might as well be a quiet time.
Strikes me as even though gold price is rising it’s likely that aisc’s are rising even faster

I would truly like it to be the case as still own a few and don’t want to see a consolidation.

If he had a JV in the bag would he really be tweeting to generate attention/interest?

As frustrating as it is we have a very luxurious headache.
It’s only stocks n shares and we’re lucky we can afford to buy equites.
That’s all from me for a while and a sincere good xsg to you all

Pp I’m well aware of the warrants being cancelled . I was here commenting at the time!
Anyway good luck to us all Bhar, chicken, Seingred, webbs Sotolo, Pp, imp, Sian, AGEOS and anyone else I forgot to mention
There is always a good two way exchange of views here and even when it gets more heated is subjective
and doesnt descend to cheap shots.
We all want same thing and even the more patient in the ranks must be getting tested so come on Brad show the market you care asap

So the price of dilution doesn’t matter!
We can agree to disagree.
You might take a view that as long as you profit in the end it doest matter, I might take the view that a much larger profit on a valuable asset has been eroded by grabby management…
I might be wrong, you might be wrong and we could round in a circle all day on this.
We could just agree there is value at this market cap and that’s why we’re here.
Im a very impatient person and it’s a curse and a blessing

And im hardly fretting with 162k shares. Just bored

For balance I take some of that back. Dilution would be same no of shares but just at lower levels so more headwind on SP.
If they give themselves all those options at lower prices than last year on back of payrises I think most would look upon that negatively.
The worse the SP the bigger their upside. Smacks of cronyism.

Now I’m not saying the above will happen or that my opinion Is fact but to say it makes ultimately no difference is def wrong imo for short term price action and would have a neg effect on cap structure for all of us “if” it happened that way.

We all know Brads thick skinned on this issue like when he tried to dismiss comments about his avoidance of real skin in game by arrogantly saying
“It’s getting old” the form guide is there

Pp disagree because if they rns option strikes in single digits market won’t like it. It’s more dilution at even Lower prices if they do it that way round

Million dollar question fur trading minded.
What comes first the style (early walkabout data and Options strike) or the substance?
If they are holding back arg or bra news until THE JV news is progressed I think that would be smart.
Strongly think market will just say so what to the lesser JV’s right now

Market calling Brad out.
For every extra day of silence were going to walk you down a little so speak ffs.
There’s a little late, late, well overdue and then there’s Omi.
Flip side of my point is the champagne cork