Member Info for Joeman1

Lol Fosters.... looks like you are in a company that actually provides RNS updates.....

Its a good feeling

Reminds me of the sweepers in a game of curling.... except you don't know if the rampers are there to make the stone go past the target .... and get trapped in the ditch at the rear

One thought on this presentation..... we are entering a commodity supercycle, so the assertion of starting this early using contract mining plant might not be as simple as suggested. This would be an area I'd like to see some follow up on as the project progresses.
Doesn't change the economics of the project..... but it would affect when production starts

Thanks Dcat.
I dont know what website im looking at but I still can't find this on my own. Maybe somethingto do with cookies..... I also had to copy the link out into my browser before it would open.... but I have it now.
Thanks

I cant see it Dcat..... or did they not change the filename? (Ie when I download the presentation on the website it is for qtr3 last year)

I think we are good for funding BR for the midterm i think BB.... with the recent raise. For me the reporting of revenues and Progress on 'ardrock will be the foundation of the current shareprice.... if we get that then anyone investing at these prices can at least be sure they won't lose any money (imo)

No but maybe we can deflect the space lazer and stop the forest fires.

I dont know what the nano particle applications are.... just read some of the predictions on demand growth.
I did have a hope that perhaps they would be more environmentally friendly than current nanoparticles that reportedly make their way into the food chain and cause disruption.

That is an area of interest for me Dcat.... I work at a TiO plant at the moment..... and although Covid had everyone worried the demand side outlook hasn't softened.
And now there is talk of 4% expected YoY growth due to the TiO potential in the nanoparticles sphere..... I can definitely see where there is potential for this to make us money.

Might find a few more coppers to invest before Q2 then....

The Arcm conference call was good.... and similar CAPEX levels and production timescales to JAN. Too many opportunities at the moment.

Answer to #1. The general (not earmarked for specific gold development) money Kodal has in the bank at the moment is exclusively from the drawdown of 2 tranches of funding agreements from RF (now completed).
RF received convertible loan notes CLNs in payment for these, with payment terms and fees etc as you would expect. RF are simply converting these as they can make more profit and earlier profit doing that than waiting for the interest.

No idea about 2, but 3 and 4 might be linked to question 1.... in terms of the market being moved to get better conversion/sales prices for these shares...
I wouldn't want to make an out and out accusation of manipulation.... but it is no surprise that the same pattern if sp movement and small CLN conversion has been going on for months now..... Will it continue? Probably until the company MC increases significantly above its current value..... or RF run out of Loan Notes

Willy,
The results from the MOU will only affect the licence application if SINO recommend material changes to the current proposal before the fund us, or help us find funding...... (I.e. bigger/smaller plant, different source of energy etc).

You may have hit upon the reason there has been no urgency to chase the Mining Licence.... maybe it is to save the risk of having to resubmit the application if they decide to change the details from the FS.... if that is the case though.... it should have been disclosed by BA.
The details of potential changes would be covered by confidentiality agreements.... but Kodals position on the mining licence is not.

Now now..... the results of trial processing were in an RNS....
But if we are talking conspiracies........lol

IvI..... if im honest I can see it extending.....but with some suggestion along the lines of work being done to identify funding (non-specific) meanwhile no MLA....
I think everything drops together or doesn't drop at all....
Bwtfdik

Willy, I doubt the fee is the thing holding up the MLA..... it has been stated that we have that money which I believe to be honest... . based upon our visibility of the 1.2million in the bank at last statement.

There are a whole host of conspiracy theories that the vacuum of information in conjunction with no Mining License could lead you too.... but not wanting to spend the money isn't the one I'd plumb for.....

Im waiting for the conclusion of the MOU in a couple of weeks .... if only to give us something new to talk about on the lithium front. The gold news was good but its the lithium project I invested in.

After some barren years ..... I can say 2021 is looking good. Thank you.

Thank you Dcat.... and I have to declare that my small holding here at around 6.5p is in part thanks to you. You made some very good, informed technical posts on xtr, a share ive been in on and off for a few years so when I saw you posted here I decided to look a bit harder at this one.
I'll raise a glass to you sir... if id had the time to satisfy myself on this I might have invested more... but happy with what I have.
Onwards and upwards I hope.

3 month payback is great.... supportive of debt funding as the risk will be seen as very low...

Lucky, I think both the 2nd and 3rd holes infer depth and width at their respective locations.... the way I read it is they use the "layers of the onion" to generate this. That is why the step out from what they believe is the core before starting those drills. Would love to be able to do a little sketch on here to illustrate what I mean
Also happy to be corrected.

Too early to put numbers to anything Daz. We don't know if its a monster or a squeak.
I totally agree .... Capex would be required. I was just pointing out the potential advantages of a close to surface find.

The mine Capex would be less for a shallower mine that starts producing from the start.... without removal of overburden and for a less risky near surface mine one would expect debt to be obtainable at a better rate..... but too early to put numbers on it....
Good enough to be happy with the samples at the moment and realise why they managed to get the 2.5million funding to explore it.... it looks like a very promising one.