Member Info for Jonnyr

If …. Rudyard Kipling…. Just brilliant… some more of it
… If you can dream – and not make dreams your master;
If you can think – and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
…..

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;

Good advice for investing I reckon

Eric, Most sincerely I wish I could be a little more positive/hopeful (as you are)

Eric,
Sorry to pi55 on your cornflakes but any rise on the Sami case being thrown out will be sold in to by pis trying to get out the door imo. The fundamentals here are that there isn’t a route to monetising any of the three projects, just more dilution and value destruction. We can hope for divine intervention of course but the truth is that with Kurt at the helm we are likely going nowhere and will eventually be swamped by a big wave and sunk

Morning sj, all
Hl have confirmed they are not linked with primary on ‘this deal’

Just taken a look at primary bid myself … in the q and a they say they work with brokers on a deal by deal basis so I’m assuming it’s a case of ‘not this deal’ but I will ask hl again.

Well Suzy I’m now confused. I sent a note via the hl app to them and that was the response ???????

Roller, not sure if this is helpful but here goes
Thank you for your message.

There is a rights issue as a part of a fundraising that's just been announced but it is not something that we're able to take part in at HL.

You are able to take part yourself through PrimaryBid who are running the retail offer.

The offer opens on 9 February 2023.

I've outlined some details below:

Subscription period: 9 February 2023 - 23 February 2023 (ends at 4:00 p.m. GMT).
Subscription price: 2.06 pence per New Ordinary Share.
Issue amount: The UK Issue will comprise a maximum of 104,000,000 New Ordinary Shares. The proceeds of the UK Issue will be up to approximately £2.1 million (gross). The number of Ordinary Shares in issue as at the date of this announcement amounts to 831,710,636 of which 633,363,876 are underlying shares for the SDRs.
Subscriptions under the UK Issue will be considered by the Company with preference to be given to the Company's existing retail investors, subject to certain customary conditions.
The UK Issue is not being underwritten.

I hope this has been of assistance. If you have any other questions, please get back to me.

Kurt is an operator and a novice at the game we are involved in. I don’t believe he is dishonest, nor especially greedy, but he lacks the guile and cunning required by Beowulf

How many more rights issues can shareholders take?? Would the next one be at 1.5p or lower?
Kurt needs to bring some money in this year or Beowulf dies!
He’s had a lot of time to work through scenarios whilst waiting for the concession. I hope he demonstrates that very soon

I agree Tilly, it is a nice board, most here are genuine decent people. Not like Eurasia hey

Stu,
You can't explain every twist and turn in sp to some logic - sps just don't work that way. put another way sps done rise or fall in a straight line. If you haven't seen this yourself (because you're new to this game) pick any share and look!

Thank you lir. Don’t know why I read his tweets, it’s f()£ing masochistic

.. doesn't read well

Ive done just that Eric, underlying the decision is my rock bottom confidence, but I am assuming the offer price will be below current - it always has been after all. I may or may not top up via the offer. Want to see the price first

there are solid buys coming through with good frequency, someone (plural?) are still accumulating

the chipper mood continues; good!

I note all the points about 'most funds can't .... or can't until' but I didn't imagine it was these investors who would be attending the conference so much, and certainly not the ones talking to Vlad about investing - why would they waste their time. I presumed those who did talk to him were in a position to act!?

so this was written late on the 10th (vlads time), then we've had 3 days trading since. Any thoughts on whether we've yet seen the investors Vlad talks about? or will they enter next week? or will investment decisions go to boards and therefore take a few weeks to start??

Yep, we’re really motoring this morning. I wonder if vlad convinced some people to buy in at the conference this week?

So we have three projects all requiring investment, no revenue nor any prospect of any it would seem. It’s a recipe for going bust. Kurt, will you tell us your medium to long term plan?