Member Info for jdt1990

Likewise rocktapper in 90+% down here and cannot physically bring myself to put another penny in to average down through fear of further dilution.
These will just sit in the bottom drawer and if I can get close to 2p I’ll be running for the hills….

Hope this doesn’t end up being like Katoros Blyvoor gold project. LC said there were 14 “interested parties” for funding of that yet 18mths down the line still jack all happened.
At least he can’t hide behind the COViD excuse on this one!

This 100% needs a clarification statement from NCCL. Although, haven't we been here before with the CMEC statement previously along similar lines, which was then confirmed that it applied only to "new" projects, i.e. ones that were not commissioned.
Hopefully that is the situation here too...but need to hear that from the Company

I raised this with Emma on email that the RNS's always seem to generate more questions than answers. Then we get Emma days after on a PR mission, which always seems to be very positive, leaving me baffled as to why it wasnt in the RNS.
My only thought is the Nomad forced the RNS Friday as maturity date of loan was Sunday so the market needed an update pre maturity. Then the terms were signed with AIMS this morning and released along with the twitter PR drive.
It's painfully close now.
Goldstone have to be confident of having a pour done to pay off the October instalment otherwise it's a default event according to the RNS
5kg is only about 180oz but gold is gold....lets hope they can get it poured with existing funds and scale up using gold proceeds. Would hate to see dilution - but the saving grace here is the BOD are heavily invested so it's a last resort.

I agree djryan we’ve been here numerous times with GRL where they release an RNS which creates more questions than answers and seems rushed/forced.
Yet Emma (to her credit) responds to investor emails / does an investor call and we all come away saying “would have been good if they put that in the RNS”.
Comms is inconsistent and sporadic which is very very frustrating!

Can’t see it being Blyvoor. Think that’s going to be much closer to EOY if we’re lucky - we know LC loves to overpromise and under deliver.
More likely to get something on Haneti before, POW seem to be a competent party and are busy so I’m hoping them having a finger in the pie kicks this numpty into touch!

Crikey Emma - left me with more questions than answers there! Have to say was expecting more from that operational update, very poor and that could have been told to investors well before having her hand forced by what I am sure was a barrage of PI questions around the AGM.
The company will get there - it’s leaching so we will have gold but their transparency needs to step up and still baffled they are waiting on a permit to extract the gold.
Surely you have the foresight to get the final stages of a process in place to extract the final product when you have prior experience with a slow govt!

They disposed of ARB holding in the July 2020 reorg.

Emma said operational update in the next ten days to me on Saturday in response to my AGM questions. So either business days or all days, that is some point next week.
Which they would have to do given gold pour was noted as by Q3 2021.
So we’ll find out what’s going on then….

See below responses to my questions from emma

Dear J

Your questions were duly raised and answered at the AGM yesterday.
I set out below responses that were made

1. First gold pour and production guidance. Does the Q3 first gold pour timeline still stand and the 25,000 oz production for the first 8 months remain on target?

The Company will be making an operational update within the next ten days.

2. Is that 25,000 oz if still on target, expected to be a scaling up of ounces over the 8 months? (i.e. larger gold output in month 8 than month 1)

The heap leach will be and is scaling up, naturally there is a build up of gold as the life of the heap leach progresses.

3. With regards to the gold loan.
- Extension of the interest payment has been granted to 19th September which is maturity date of the gold loan. Is it anticipated that a first gold pour will facilitate this interest payment?
- Why is there a renegotiation of the terms / new loan agreement required? The loan was 2000oz, which I would anticipate could be repaid through a small number of gold pours? I am a little confused/concerned that either gold production is not as high as expected, which will lead the company into another high interest agreement, when the Co is actually producing?

The company is in discussions regarding rescheduled payments of the Gold Loan. The Company has been putting all efforts into the ground and our timings or rather delayed timings have been due to the Ministries and Commissions not working to the GoldStone timetable. We have to set dates and milestones but also have to recognise that these move due to circumstances out of the company's' control. As such our production schedule will change and will be answered when the company announces its operational update in the next few days.

Whilst the interest payments are deemed high, which was a result of when mining investments were not popular - pre-covid a point note when we get into production (we are awaiting Minerals Commission approval to use a rented facility - announced in May) we will have very little debt to pay off.

Let me know if you need any more questions answering.
We are all working to get this Company moving as quickly as we can given constraints that are out of the company's control.

With kind regards
Emma

They’ve even given us the numbers on how to work out the value. Whatever any commercial deal is done at, take off circa £20m and multiply by 8%. Voila, that’s what it’s worth in hard cash to Vela.
At 10m mkt cap whatever it is, if successful there’s a hell of a lot of upside!

Lol royoboy you’re a complete clown

Well that depends if any commercial information is released alongside it.
Just the trial results announced, maybe not a 7am but it could well be that because any commercials are price sensitive to the listed companies involved, there has to be a synchronised announcement to the market.
It will have been ready at SGSs end well before hand so it could be that this weekend various interested parties have had to be briefed.
Can’t see how the first Vela hears of this would be tomorrow.

Also, to pay off the $3m gold loan only needs 3000 oz of gold plus whatever has accrued in interest so let’s just say 4000oz settles it.
They plan to do 25,000 oz in first 8 months so hardly going to take long to settle it if first pour in q3.
I wonder if there won’t be enough by expiry of the loan but there’s no point renegotiating another long deal when the gold will be here to pay it off in a month or two.

Extension granted last year for 3 years as per Hanno on investor call.

The only thing (apart from it being pointless financially to sell out now) that keeps me here is that SF owns close to 20% of the business. He must have a fairly strong conviction that this will come good in the future to take part in the placing at this price, albeit only for 50k.
At £6m mkt cap - not much more down side from here you would hope!

Yeah the man is an utter crook! KIBO has been diluted into the ground and any good assets spun off. Those spin offs then again diluted into the ground.
KAT languishing
MAST down 35% from it's IPO price 3 months ago!
The man literally cannot deliver ANYTHING except a salary for himself and dilution.
Funny how he doesn't ever hold a substantial stake in any company!
I naively invested in here hoping to recoup some KIBO loss, thinking value would trickle through when he sorted Blyvoor. That gold tailings project that is literally sitting on a plate for him.
Another LC lost cause...won't be putting any more $$ in thats for sure

Seems like there's more substance in this one but as always the question is will they actually deliver anything. It's dragged on for so long now.
https://katorogold.com/wp-content/uploads/2021/05/Katoro_Gold_Corp_Pres_Q2-V3.3_260421.pdf

Initial funding for Blyvoor required is ~£60m so god only knows how badly we'll be stiffed as shareholders for that?

Spot on Neutronic. It was made clear in the presentation this variant testing was being done by PHE so there is no way the govt don't know about what AVCT's Affidx is capable of.
Seems to have been done fairly quickly since the presentation too....things moving at PD finally?

Definitely not Avacta's place to be belittling a potential customer's decisions (regardless of AS I am sure biting his tongue behind the scenes). "Build it and they will come" - Just in the case of the UK govt there's been plenty of brown envelopes and store room cuddles to overcome first before Avacta get a sniff at it.

and their tweet May 12th - so all look on track for around end of June for initial results still!

St George Street Capital
@st_capital
·
May 12
St George Street is pleased to announce that our final patient on the ARCADIA clinical trial has now completed the trial. We would like to thank all of the patients who took part in our trial, without your participation such research into new treatments would not be possible.