Member Info for Joeman1

I understand the story has been spun a little on the model....however.

They can't hide from the fact that the first technical session on Racecourse included the model and assay results received only a couple of weeks earlier.

So, might need a bit more explanation this time if the model STILL isn't ready.

Andrew........ 444 shares..... is that your mark? A coded message to us all?

The RC model would be a great issue now ..... coming immediately on the back of the good recovery numbers.

Any chance of us getting it before the AGM Colin? Asking for a friend :-)

I agree. Positive news, albeit news that we were expecting.
Can't be long now for some news on the DFS and discussions with offtakers.....come on JAN. I've been patiently waiting.

GLA

Travelcard.... you do realise Arcm's major focus is copper..... right?

That fact kinda makes your rant..... sound like it was meant for a different chat.

I think it's way more than 1MT... but concede it might be a good bit short of 2MT (for Racecourse alone).
Would I sell up? Of course not.... 1% value of 1MT at a copper price of $10,000/te is already 10p.... and I cant see us only achieving 1% value,nor only 1MT, plus we have Ascot to be JORC'd, plus other anomalies in the area to be investigated.

If it was only 1MT the impact for me would be a lowering of my slicing point only (and a renewed attempt at tempering Colins enthusiastic interviews when I hear them).

GLA

https://audioboom.com /posts/8135015-midweek-takeaway-with-colin-bird-executive-chairman-of-galileo-resources-aim-glr

For anyone not aware.... Great interview out now on GLR

A picture paints a 1000 words.

Is it Wednesday we expect to hear about the fully signed deal? If so it could be a very good week.

You should charge for that Life advice Steve4077... although wrt poker I take my own counsel.... after the night I pulled the top hand early in a game (true story)..... unable to contain my excitement and keep the smile off my face I tried to hide it by taking a drink from my beer..... which I then snorted down my nose....... uncontrollably.... everyone on the table looked at me and folded......
Poker isn't the game for me ...lol

My bet is a little smaller NTMU but in truth it's my intention to get to 3 to 4k while it is down at these levels.
It's a bet until they can start to issue revenue illustrations for some of the opportunities as its impossible to actually place a value on the company otherwise.
But I feel at between 20p to 30p the risk is low.

Disappointed that there was no indication of when the model will be issued..... doesn't change the end game but it is disappointing that I still dot know when to buy the popcorn and champagne.

Those attending the AGM should try and push for news on the Racecourse model.

Agree.... but money is sitting on the sidelines.... removed from market in 1. Typical Sell in May mindset and 2. In expectation of the global recession.

We need to be the shiny coin..... promote all these positives now..... because when the money comes back in it will be selective.....

To quote the bible.... dont hide your light under a bushel

Prediction....... interview today by 2.30pm

You are right.... nothing saying AA will take up the option to buy back. All the more reason to see the 2MT and Decision to Mine clauses on the buy back as important activations..... once reached and notified AA have a short period to respond..... if they don't, we go to the open market and competition to buy our World Class opportunity.

GLA.

I'm with Steve4077.... the reason for both decision to mine and 2MT being pursued is so that we can't be held in limbo under the AA buyback clause just because RC comes out at 1.99MT... Colin wants to get us in the marketplace ... or so he has said many many times.

This is all good debate though.... and if nothing else Colin's next interview might confirm more than you think. After all he likes to read the Boards.... and hates to be misrepresented.

Bit of a long road ahead for Caravel and it probably won't be their last placing as they look to develop the mine themselves.

Not saying I'd like XTR to take BR to production (I dont want that) but with a minimum of 5 Fairbride years ahead of us we could probably do this without dilution with a proportion of project financing to find from debt.

So we have a great bargaining position when it comes to declaring decision to mine...... no paper tiger here.......

Great reminder.... I think this was a great little interview and I was surprised there was little market response at the time.

But I disagree with your comment about Racecourse waiting for a phase 3 or a phase 4 drilling campaign before a sale. Notwithstanding that the final sale might easily take us well into next year to finally have ink on paper, I would be unhappy if Racecourse wasn't fully declared in the next couple of months.

As Ascot and Footrot (and any other anomalies along the way) don't fall under the buyback I think continuing drilling on them would be a great move.... there could even be a forward sale agreement defined on future value, much the same way that the buyback on Racecourse works....
But to take another 6 months to declare Racecourse after all the communications we have had to the contrary wouldn't be acceptable in my opinion.

Wow.... I had just reinvested at that point.... maybe a few months earlier..... I remember being very bullish on the African revenue and telling friends about it.
The reason I gave my friends for it being so undervalued..... Colin has overpromised in the past and it is haunting him..... but the MMP fabrication pictures were starting to arrive on the website..... so I thought he was actually going to do it this time.....
Forward 2 years......lol.....

But in his further defence..... MMP suffered bad from Covid..... thats the reason Empress got a look in..... but Eureka hasn't been smooth either.

We can thank Covid for some of that...... the kit sat in the Fab shop for months and months as a result

Top 5 risers now..... might get a bit of advertising there now....

Yes captain.... that was what was said....
Colin said we were to "get our arms" round Ascot because we had to have an idea of what it was in order to sell it ..... but that it wouldn't be "Death by a thousand lashes".
If this has changed for Ascot then it would be good to know that..... and not have to read between the lines....