Member Info for JulianM

It comes as no surprise that drilling cannot take place until next year but now they have the funds to do so and as the pandemic in Mongolia eases,I do wonder whether there is any possibility of getting the existing well in production this year. Does anyone with knowledge of these matters know what equipment is required and how long the process would take?

I think few would disagree that given the future prospects the sp level is somewhat disappointing.I wonder whether the problem is the likelihood of a further fundraise in the very near future.July was always the likely month although the £66000 raised by the warrants exercise will have helped. It's always disappointing that "ordinary" shareholders like me are never approached.I would have jumped at the chance to participate in the last raise at 60p with warrants as a bonus.Presumably the next raise will be on the same basis but at a higher level,perhaps 80p as the sp stands at present and this level might well suit the investors who will be approached and also any Directors intending to participate again.So although i have every intention of increasing my investment I am holding back at present in case the raise occurs before the next piece of sp enhancing news is announced and this could well be before the end of the month

Have been in slow but steady decline since the beginning of May which is positive,although I suppose there is still a long way to go to levels which may affect the price of nickel

Expected the next RNS to confirm agreement to the Plan of Development ,so the fact that we have already submitted the formal Application for the Licence and are working on it with the Ministry on it means we are further advanced than I thought.

Was expecting the next RNS to confirm agreement to the Plan of Development and although there is no mention of this today ,clearly it has already happened ,which is good news

Almost certainty no relevance at all but LME stocks have fallen consistently over the last month or so which is no bad thing

Well I suppose we could benefit eventually in that the higher the retained profit on sales the less the capital that will have to be raised to fund phase two.

I agree MD

So if he has no active role how did that come about.Was it his decision,that of other board members or shareholders or by mutual consent? Perception was that part of his role was to bring in Glencore perhaps as offtaker. Maybe they are on board now so we need him no more in that capacity.Maybe we don't want Glencore at all because there are better options. No doubt the fog will clear at some point but exactly when is anyone's guess.

Thanks Geng

Thank you Mr P. Surprised you are not back in Matad as that used to be one of your favourites and is looking good

As you so often do, you called it right,buying around the 1.3 mark and selling part around 1.7. If I "might be so bold as to ask" how do you see the charts as we stand at present?

Welcome back Mr P. Expect we will see multiple ramping posts before you sell out again.In fairness you appear to quite frequently time it right so perhaps your return is a good omen.

I agree TBTT. It was pleasing to have correctly decided that the drilling results were likely to be good but disappointing that the 1.25 level continues to be a ceiling for the sp. As ever we have to decide whether in the short term,pending further news, the sp will continue to drift back down and I suppose one factor is whether, with the latest and very positive developments ,we will need a fund raise earlier than we might otherwise have anticipated

Thanks to both of you.I have been doing the same in terms of buying this week

The 200k buy was mine. I persuaded myself that if the first week or so of drilling had drawn a complete blank it is unlikely that JC would have continued to update us almost on a daily basis.

TBTT Your 8.36 post re forward selling strikes a chord with me That would certainly help to explain the enormous volume.

AMC first up and comments in line with those of Geng I think

Well said Primus. In fact RL has mentioned from time to time that he has held varying numbers of shares in AMC ,although I don't think they usually amount to a large percentage of his portfolio

Blue. If there were to be a vote as to whether you or RL must cease posting , you would not stand a chance. This is a forum for intelligent debate and RL has been a valuable contributor for many years.