Member Info for JulianM

All this tells us is that they have 3m more shares than they received in the Placing.

Up until yesterday main risk was failure to secure rig and other contracts so that there ends up being little or no activity next year. Happily this risk appears to have diminished but I do not see the covid risk as replacing it in so far as the omicron variant is concerned. Should there be a further wave in Mongolia based on the omicron variant it is likely to occur sooner rather than later so that the drilling season is not impacted.

The 160,000.was also a further buy by me.Very happy to pick up more stock below the placing price which I did not expect.

Well he crossed the threshold on the 5th but only 1.1m traded on that day. Wonder who he acquired them from and when

Still no news on payment of the $150,000.Makes me wonder whether the terms are being renegotiated, perhaps as part of a deal involving other ventures.Pure speculation on my part of course

See RNS of the 21st September-Two new targets identified and comment made "They will be drilled".So JC could be looking at them now

From RNS OF 20.07.20 "The company intends to fund the cash consideration through an issue of new ordinary shares at that time " Of course the intention could have changed since then but I guess we should know the position soon

Payment of the first $150,000 is due by the 27th and in the RNS of 20.7.2020 BOD indicated that it was intended that payment will be made by the issue of new shares, Could well be that confirmation of this occurring is the next news in the pipeline and in the meantime the sp may remain flat .

Main hurdle is rig hire.Get over that one and all should be good

Although progress of sorts the odd restaurant signing up seems a far cry from a Pizza Chain

Don't know whether this has been flagged up before but current tests could end up being superceded by a 5 minute test based on carbon nanotude technology.See MIT website

Thanks for posting .Usual boundless enthusiasm of James but this time over a wide range of topics including Ballet and not just diamonds. Quite clear that he sees Ghaghoo as a very rare and excellent opportunity but surely he cannot be blind to the failings of our current "partner"

So as I see it we are being asked to believe that having made an operating loss of some $4.2m for 12 months up to the end of April next year ,the following year will yield an operating profit approaching $35m. Quite an achievement for a Company currently capitalised at around £8m. If only we could have confidence that it will happen and also that alternative potential funders (if they exist) are likely to buy into the projections

So it was a placing after all.Decent amount raised and I think 1p is acceptable.Should provide a platform for sp growth over the forthcoming months and on this basis I have added more.No participation by the Directors this time and I wonder whether this is because they hold price sensitive information which prevents them from doing so.

For the last two months I have been anticipating a fund raise and the lack of it has led to a certain amount of head scratching on my part as to what to expect.Perhaps something is brewing which is rather more than a mere placing . With funds running short and commitments coming up I doubt whether we will have long to wait for news.

If the Directors and family friends intend to participate in the raise ,as has happened before, it is not in their personal interests for the raise to be at a high level.Perhaps it will occur at about 0.9 which is 50% above the level of the last raise but this is pure guesswork on my part

Yes it was a typical MB upbeat interview made easier for him by a soft interviewer. Even though I am a firm supporter of the Company I would have liked to have seen MB challenged by a few more demanding questions eg
1 You will be aware of shareholder dissatisfaction that the fundraise was at the very low level of 3.5 p.Can you explain why a raise at a higher level was not possible?
2 The rights issue was a failure.Does the fact that only £76,000 was raised mean that the shortfall will have to be raised by other means?

Looks like another high volume day ahead so if, as before,the AMC ship has leaky tendencies ,there may be some news about to break.On the subject of breaking,Geng have we finally achieved breakout?

Unless the sp rises significantly I assume it is dead in the water

I suppose one possible defence to the charges laid against the bod is that the El was issued quicker than they expected and before they had in place all they needed in relation to the fundraise, which meant that there was a delay and faced with a falling sp they had to raise at a lower level than they hoped to do.Given that every previous step in this tortuous process seems to have taken months the issuance of the EL was relatively quick, albeit that it was supposed to be a formality.