Member Info for Jeremiah99

I'm going by the 8th Oct RNS. I hope I got my calcs right after all the fracas caused by me saying the avg was definitely less than 1%. :-p

I hope you don't mean me, CB? I thought we'd agreed to differ and had become future drinking buddies. :-) Anyway, I haven't posted much lately as, as others have discovered, any legitimate doubts are often met with inappropriate responses sometimes descending to the level of personal insults. I agree with whomever said that this can be off putting for prospective investors, as they soon smell a rat. As for grades being modest, my opinion was that the 0.67% cu eq from the assay results before the last were a far cry from what I was expecting going by the trenching results of the May 2018 Zamsort overview, which were over 4% cu eq. The market appears to have been similarly unimpressed. However I have come to realise it's not so much the richness of the grades as much as the expanse of the resource that matters to potential partners.

WhaGwaan. What goes around comes around. Who knows, pigging out on the funds of credulous shareholders may have already taken years off his life?

"...while the winter months will be used to evaluate progress so far in detail and to refine future drilling plans under the supervision of our recently appointed Chief Geologist." {trans} "We're gonna hole up with mugs of hot coffee and toast our feet by the fire while we work out how we can string the punters along for another season" :-(

Thanks sta60, brilliant outline of what was discussed. 5 NDAs sounds unreal - lock 'em all up in a room and let them thrash it out. Fattest cheque book wins!

Arcm should be completing a Jorc on one of their target zones and producing copper/cobalt at a demo plant in the next few months. I'm hoping their s/p will be several fold once those milestones are reached.

I suspect that with their drive towards EVs and away from ICEs due to pollution issues, the Chinese would be more interested in the gas, if anything. I also read a year or so back that BP is moving more towards gas than oil. TV ads in India are currently touting Exxon as being a big provider of clean (gas) energy for the country. Oil for the pennies, gas for the pounds. ;-)

What's all this about Shell suits? Have they also been sniffing around Taribani? :-)

Shorters closing have to buy shares back, not sell..

Perhaps the placing is required to meet OGA stipulated funding levels prior to Brockham operations? Lidsey doesn't seem to have provided much income if monthly flow statistics are anything to go by.

Thanks Pboo, the next stage of proving the Kimms in the Weald seems to have begun positively.

IMO the potential to 30 bag (and more) is there but there are a lot of ifs involved. If the lithium is there as hoped and if we can find the funds to drill it, if Circum floats and is as profitable as expected. If RHA can JV and doesn't continue to burn cash. If George doesn't dilute us into oblivion or do another death spiral fund raise etc etc. Anyway wasn't it the Prem management itself (Fuad) that kicked off the rampathon last year with tweets of a 10 bagger?

I would guess it's more like 1p to 1.20p, so less under water but still well out of pocket - not as much as me though :-(

Billthebank - probably not good business sense to dilute to buy Circum, but I guess he thought the IPO would have been done many months ago. Once IPOd I doubt we'd even have to sell any Circum shares as our s/p would multibag to reflect our new bookable assets, and we could raise (in stages) to progress Zulu without too much of a % dilution.

Good post. Re: "CIRCUM WHY did he ever think that was a good idea?" Perhaps "..an overall resource size of between 12 and 14 Bt of potash bearing salt beds within the property" had an influence? ;-)

I'm quietly confident that there is something worth drilling for at ST and/or M4 will also deliver something commercial. My only concern is that funds may run low due to these delays and we are forced to raise around these paltry s/p levels.

Kenco222 - Oil for the pennies but Gas for the £££s ;-)

Encouraging results from Ingelfield samples. Hopefully, with good results at HH and Brockham we can throw more funds at exploring the area more fully next year. Also the Amitsoq graphite which seems to have been forgotten about recently.

and two failed drills. How will they ever manage the dozens of drills required to prove up ST, assuming the copper is even there?

It's what I've said all along, if we could wait for Circum production, it may add several pence to our s/p. However 4 years seems way too long for most although the value of our Circum shares should rise steadily as and when they meet their construction targets. The Mining Review article mentioned a Jan 2019 construction start but I didn't spot a reference to any IPO.