Member Info for JerseyCrew

You can please some of the people some of the time …… I’m in that camp of being pleased.
ATB

I’m not a chartist - always prefer news - but I can’t help but notice that there is a certain pattern to the share price over the last 6 months which if it continues might see an uptick coincide with SDs visit. No science behind this just an observation.

We will know when funding is sorted - there will be an RNS telling us. For those watching carefully you will have noticed that lessons have been learned from the past and the communication strategy has been over hauled. Twitter being used effectively to give a useful flavour of what is happening on the ground and numbers will follow we hope in a timely fashion.
ATB

Cartoon from my childhood SpadesAspade - good to see the Evil Queen will be stepping down from Newcrest shortly!!
ATB

That could be the decline teams theme tune SpadesAspade as they twist on down to the ore body :-)

and do you know why you keep those old 45's - because they are wonderful and you don't get tired of listening to the classics.
Mr Day you are a class act and I don't get tired of listening!
Thank you

Thanks - hadn't seen this - you have to love an open pit mine - keeps the AISC down if my incredibily limited knowledge of mining is correct.

Part of the internal reorganisation starting to be reflected in tangible changes - good to see and in particular ESG is so important to new investors (funding investors) who want to be seen supporting businesses doing the right thing in and for the communities that they operate in. One hand washes the other!
ATB

Gold production activity converts to cash. Focusing on production now and hopefully the sexy exploration work can resume in the months to come. Building blocks - nice and steady.
ATB

Hi Legalwolf - I agree in part with your comments, in that we will have some form of dilution - for me that must have been factored in several times though to the current crazy low price - just my view. I think I read somewhere that the company might be eligible to go down the rout of some sort of short form prospectus route so it might not be as onerous or as expensive as some might think - and hopefully quicker of course. Others with more knowledge on prospectus requirements might be able to comment more as I have struggled to find the FCA rules on this point.

I would just add one word into you comment about strategy and pulling it off - I would add YET. I have been invested in a few mining and exploration stocks over the years and if its one thing that I have learned is you need to be patient. Things always take longer than anticipated or we would hope for.
ATB

I suspect that signed contracts and money in the bank will do the trick for many. Future profit under pinned by independent investment and due diligence will bring investors back old and new in my view - but one step at a time.
ATB

Hi Legalwolf - you have leaped to a conclusion that the only source of finance is going to be from Orca. I wouldn't write Robbie off in pursuing alternative non dilutive financing just yet. It's always been a pilar of his strategy. Time will tell.
ATB

Exactly Mickey.
The underlying (literally) asset / resource is unchanged. There is money to be made and whilst it will take time, there are investors out there looking for good business opportunities. The conservative economics of this project have stood up against scrutiny in the past and I firmly believe they will pass again, along with the internal changes that undoubtedly will occur as a result of the reviews taking place. We are in the gold exploration and extraction game here - it takes time in a world where everyone wants instant gratification.
ATB

The ambition and plans have not disappeared here - neither has the gold. There is a very robust plan in place to increase production to 24K oz p/a and beyond and we hope increase the MRE with further exploration. This requires funding to fast track and we all know OCIM pulled the funding. ORCA have provided more funds and Philoro have confirmed ongoing support. Robbie is much more wary of putting anything out there now which isn't 100% nailed on - lessons have been learned. The Tweets clearly show this mine is operational. Lights on and gold in production. Whilst we wait for further funding news to get the accelerated expansion plan back on track, this mine is running and producing - maybe not a the rate that we anticipated 6 months ago but guess what - sh*t happens and OCIM left a giant floater. All will be flushed away in time. Look at the price and look at the gold in the ground and infrastructure already there and future potential and then make your own decision.
ATB

Spot on Mickey - proof of life and production!
ATB

Agreed Mickey. We have had a false start with the OCIM deal that fell through. All news now will be cast iron money in the bank announcements. Less than 2 months for Robbie to start to steady the ship. That is quick in my view.
ATB

And money is in the bank. Hard nose money men who know that there is money to be made. Looking forward to the next news update. Lessons learned. Onwards and upwards.
ATB

Are some forgetting the additional security requirement requested by OCIM mid Dec which was impossible to fulfill under current Kenyan legislation?? It indicates a breakdown in communication within OCIM between their internal and external lawyers but we will never know for sure
Remember this is Robbie’s baby and like any good parent he will do everything in his power to make this a success. Just takes time.
ATB

Nail on the head Legalwolf.
ATB

Anything constructive in terms of what you want to see - or are you just looking in the rear view? Just one question - what production figures were expected in your view given the operational enhancements under way during that time? Numbers would be interesting backed by rationale. I always like to learn.