Member Info for JimBL

I'm not following you, Andee. I can see your effect on the CAI sp already ;-p

Should I stay or should I Togo...If I go, there will be trouble, and if I stay it will be double. So come on and let me know...

The Clash must have invested here too ;-p

Forgot you, crusty old Monty ;-) I'm at 11 mil and still under water. I stopped trying to average down long before the split due to the ongoing license saga. It's hard to stomach that I'd have made more leaving the money in my virtually non interest paying current account for the almost 10 years I've been in here.

Indeed we do. Sale of product/ revenue being exactly my point, however. How long is it going to take to retrieve $1.1 mil let alone make market shifting profits?

Agreed on that, however I'd also suggest that buying into a business that has no buyers lined up doesn't seem the best plan either. If the product and demand is supposed to be as strong as suggested then I'd have thought at a heavily subsidised price, as is Yr1 production, the product would have flown out the door.

Prop, I presume you meant exploitation (mining) license rather than exploration. Though it does beg the question why we are continuing to explore at Ogaro when we still have not been granted the license for Nayega after so many years. It can't go on much longer as we have no funds and with close to 5 billion shares in issue and a sp as it is, it's hard to imagine how they could issue more and at what derisory price.

I'm not even clear why you assume that with Utah? We've sold only 20% of the phosphate and have had no further update about any commercial or bulk buyers. Are we to rely on mom and pop cannabis growers popping down to Home Depot to buy 50lb bags of fertiliser?
As I've already said, if we sell all 7500 tons from Yr 1 then for our 51% we still stand to make only around $195,000.

And a request to the BOD to categorically explain why, after years of this and countless meetings (and a 2019 Ministerial decree) they still claim “The Directors are not aware of any further obstacles to the grant of the exploitation licence”.
It beggars belief, it truly does.

I joined just after the float, in Aug 2011 :-( Refusing to sell out of principle. I either make something out of this (and not the CAI allocation) or lose the lot.

Markyess is also one of them and there's a few more who don't regularly post. Clearly we are masochists!

Adios, Andee. I hope our Oz cousins can handle your humour ;-p I hope you haven't taken too big of a hit.

I'll have a puff of whatever you're smoking.

(or perhaps, never).

Nearly 5 billion shares on issue. Without consolidation and a sp currently at 0.00145p there isn't a cat in hells chance of getting to 5p otherwise. That would require an almost 3500% rise. The plan wa/iss to consolidate after Togo, which of course could mean anytime soon or in the next decade.

5p you mean? After a 10 to 1 consolidation, and with Togo and the wind behind it, perhaps.

The price always fluctuates, but largely to the present time this has been dependent on the use of manganese for iron and steel production. The greater the demand for EV and batteries then market economics would seem to suggest this will drive upwards the demand and therefore price of manganese. I'm no economist however ;-p

Organic fertiliser. Original Falcon plan was to aim at medical marijuana growers.

Need to stay realistic. So far we have only been informed of the sale of 20% of the Yr1 production of 7500t. Even if we sell the whole lot, for our 51% holding we'll receive only around $195,000 from the originally priced product. Selling in smaller bags seems to suggest retail sales (as per Falcon Isle original marketing plan) rather than bulk commercial and therefore forward looking sales are going to be far harder to forecast.

Not 21p Chirp. 2.1p - but only after consolidating the sp x 10. Our current sp, don't forget, is actually now only 0.00125, or around 1/10 of a penny!

That's been my whole point on this matter. Why are having to guess stuff and/or find this info ourselves? If the BOD had been upfront about things then we would probably all not be as anxious on the license or at least we'd know as much as they could tell us.