Member Info for Joeman1

So are you suggesting that triggering the mechanism to convert our loan to MOZ into a share of the company as being the same as technical default .... on the route to bankruptcy? I don't think it is the same thing.... it is the conclusion of a contractual debt agreement with the handing over of a proportion of the company under a defined set of circumstances .... it has no relevance to other creditors. ..... whose debt may not even be falling due for another year...... so there should be no question of who is in any queue..... if we are getting ownership of a proportion of MOZ then we should be asking questions about their remaining liabilities. ... because it is possible that they will proportionally be our liabilities down the line.... imo

Thank goodness Neebaj drafted the letter to ast and not duster lol.....

The doings? ....Are you a boro boy duster?

Just rewatched the presentation. ... you are correct.... its not mentioned in there. .... there goes my CV as an expert witness....

Older and....... im pretty sure he said it during his presentation .... expectin some really excellent RNSs to come out in the next 6 weeks..... I might go back and view it again....

Andrew, without waiting for a response from Colin, I think we can only say what has been published.....for not paying back the 700k, we have the option to take up to 35% of MOZ.....if MOZ's 1st published accounts show assets worth 4.5 million.... so we will have gained 1.6 million of asset in a company (but we don't know what liabilities this company carries.... or do we?). So we may have doubled out money....

Placing money is Cashflow .... its just not Revenue generated and no indication of the company's performance... therefore shouldn't be described in those terms..... What he should have done was highlighted why it was such a shrewd use of shareholder raised capital to fund MOZ....

For details of what happened to this plant Bilbo. ... listen to Colin's lengthy video presentation from autumn last year....there was a good reason for getting shot of tjis equipment that I don't believe had all been delivered yet.......and I can't recall the details....

The only reason the contract has been arranged the way it has is because XTR were not in a position to pay for plant up front.... money raised from placings was used to clear debt and put us on a sure footing..... if you had the money and were as confident in the concession as CB is.... you would hire the mining contractor for a rate and take all the risk on yourself. ..

I agree..... however news will be very soon.... next couple of weeks....imo.... then should see movement. ....

Do we think we will get any indication that they are working on such documents? I've reduced my holding here because I see KOD building as much information as possible before producing these items..... they will produce a significant increase in SP, which will be used to raise some of the development capital for the mine, infrastructure, processing hub and supply chain....... so obviously I want to be back in before these documents are produced. .... btw... I personally believe that the KOD story will be a stonker over the next few years....so I intend to be invested to see it happen

In all honesty though.... there will be benefits to realise for some if they take some of their losses this year to offset tax ..... however the benefit relies upon getting back in at the same or better price....

Wouldn't want to be out of this one over the loooongggg weekend lol...

In expectation of good production figures .... maybe issued the following week...

He has alluded to this in recent interviews.... in so much as if all the drilling results tie up there is scope for a mining hub and processing facility to be supported by Kodal's licences alone. ... but I'm sure capacity would be such that other local miners could also utilise the plant... for a fee of course...... won't be cheap.... so the JORC would be absolutely needed if enough funds had to be generated to build this plant......imo of course

The company will need funding to complete the development of their asset..... no matter what the Chinese game plan is here, they only have one member on the board.... enough to block a motion but not enough to bulldoze their own agendas... it makes no sense the current board going for this funding (by whatever means) without producing the JORC IMHO. ..so I expect the results of the bulk testing along with completion of whatever drilling program precedes this will be the driver for the JORC being issued. Any further funding will therefore be more economically sourced. .... timescales for this will be towards the end of the year IMHO. ... but I intend to load up before then.....I'll be deciphering any news that comes out this summer....

There are more singular drivers for people/institutions buying shares. .... whereas there are a thousand reasons for people selling.... in my opinion.... low volumes are therefore bad if you find yourself having to sell either to free up cash or to chase another rainbow. ... the buyers can be canny........the sellers cannae (apologies for the intended pun.... I am Scottish )

SorB. ..... With low volumes indicating low demand for shares why would a share creep up long low volumes?

Was it built on perlite though?