Member Info for jollygoodya

Points 2 & 3 are the same option..but seems to me IAMG are in control and based on their asessment they are able to walk and is not really positive for us. The compensation element is circa £690k imo. The only way 2/3 will be positive for us, is if we enter discussions with an alternative JV partner in parallel to IAMG discussions. Another option question for me is do we have an option to go it ourself? How far would £690k get us and can we do this ourselves to a point to get more interest?
Not liking the fact that there are details unknown to the shareholders asto what and when did IAMG tell ORR about the underspend and underwork and if now, what checks have we been doing?
TL has skirted round these issues.. He can be postive as he wants, at this point I have lost some trust.. All very well to say over-reaction but the fact is work was simply not done by IAMG and a good reason not given. In addition the reported grades were not great and we were not given the grades over what distance. So we need clarity. The options he emailed, should they not have been offered officially? That would give more credence. I am very unsatisifed with how this has been handled so far. In addition, being in Cameroon prior to the Senala update and that video, leaves a bad taste. Sorry but that's how I see it.

Agree Leathal, too much news flow inbound for the Sp to stay this low. However as you say, let's see where the bottom is at..holding fire on any top ups atm to see. Waiting to see the forward plan for Senala..Thank you BoD!

A game of chess in the background here. IAMG not pulling their weight. Drills set too far apart. Think BoD have some answering to do here.
Why did they on follow this more closely?
What info did they get and when?
What veracity checks were undertaken?
Why have we not got boots on the ground to check?
Are we subordinated here?

Not for 1 second do I believe what has been put out on the results, too broadbrush.. we know Fare has the potential to be a mine on it's own right. BoD know there is gold in situ and in some areas very high grades..This about getting a measure of the true length of the size. All about depth now per TL. However, imo the length has not been clearly defined as serious shortcuts appear to be taken..think we need BoD need to be more transparent here and about our other options too. I feel IAMG trust factor been shaken.

JDO, like I said earlier, BOD need feet on the ground to assess. My question is how have they monitored the work that IAMG have been doing and verify it?

JDO, tone of RNS, indicates TL is not a happy bunny with what IAMG have done this campaign.. expecting more details soon from BoD. Another update in bound on this plus Cameroon and djibouti etc. Bob was in Cameroon to get a picture of what we have and greenlight further spendsl there..

JDO, risk to reward to my mind is even better, given SP and what we have in cameroon. Senala is by no means over. We have have superb grades in location. Just need to dig deeper there. Like MRP says, this is all about definition of size..

'which to me means'..

Exactly MRP, we need core drills in at our strongest zones. As in barfe etc the core area extensiom was set and work stopped after definition. Which to means they will be used as feeders Boto and Fare will be the cream. HENCE IAMGOLD, indicating willingness to build underspend into next stage. BOD are in pole position with other miners in proximity..game on..

Thanks Troaj, " gold in situ" what I said in my last post too. Senala is there for mining.. LETS GOOOOORRR

Excellent post MRP. Historical grades haven't been in negated.. there's gold in situ there. Work will need to be refocused to the right zone. However, I am still bemused asto exactly what IAMG been playing at. BoD need to put own boots on the ground to assess what IAMG are reporting and have done and more importantly perhaps not done..

Agree Hawaii, we have chesser amongst others next door for JV purposes.. Think Bod need to extensively review what IAMG have done or not done as the case maybe.. even if that involves a site visit and compare to the programme succefully undertaken by others with reference to our geology and historical finds. There is clearly a target zone for more extensive drilling, need to check if the distance between AC drills was appropriate too etc not to mention depth. Clearly an anomaly is there in more ways than one!
But all should be clarified by the BOD..

Agree Kutzz, seems like a bump..given intention to carry underspend into next stage..and BoD referencing right to clawback %. Looks like some hardball stuff. Think more here than meets the eye. I dont for a minute believe that the historical grades just stop.. deeper drilling is needed..

Meant thank you.. I can still see value here.. but need clarity from BoD.

Ewt agree, the drop is overdone.. I'm at odds with TL previous statement and yesterday that "Market value is underpinned by Senala alone". This is clearly at odds with today's release.. so TL clarity please...Than you.

Ewt, I would like proper clarification. The BoD should have let today's RNS be released and then done a full blown interview on Senala and Cameroon to steady the ship. They would have known the results before.. hence all the focus on Cameroon. If you look at the surrounding mines and finds in Senala, including chesser etc. This does not make any sense to me.. Clarity please..

If you're monitoring this, can you please do a proactive interview to clarify your position and exactly what IAMG have been doing? The spoken word is far better than that written. Thank you in advance.

Yes Sujood makes sense given the wording in the RNS. The underspend is being budgeted into year 4. Something must be Meriting this intention. The BoD dont seem to be buying into what IAMG have reported. Clearly contradicts OUR HISTORICAL workings..

Odd that on one hand, IAMG did not complete the necessary but inaddition the RNS states they want to carry on the unutilised funds into the fourth year budget? Given they want to take this further suggests to me that they might be drilling deeper into known strong zones? Thoughts anyone??

Think we need to off load some of the periphery assets and give IAMG the boot and start our own campaign in Senala. IAMG clearly haven't done what they should have. So TL need to look at other options.. They barely scratched the surface..

All I know and care about is that Cameroon potential has increased significantly. TL been talking to IAMGOLD about further drills final year take up looks a cert, which to me suggests IAMG satisfied with what they've got so far. Bring on the news pls.