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This gives a bit more details and demonstrates that they sufficiently confident in the find to pay for the drilling. So yes it advances the project, and needs to have an RNS.

A good RNS, i presume they will be able to tell all they need from the drill cores. Commercial deposits rare, near to surface, staked more land due to what they found in the trenching. I think the deal is nailed on, the only question is will they try to negotiate away our 3% royalty. At the most 5 months to wait on this asset. We wait on the main course, I hope that inflation is increasing the values.

Still here, feeling rather sheepish, but still buying. Have been in contact, confident it will get sorted eventually. Just licking my wounds.

Now that RNS sounds interesting, and will make a few people start taking a bit of notice. Adds some additional potential to our value.

A very good post flying doctor, we just have to wait, which by the quality of the posts appears to be the hard part.

I agree flyingdoctor. PC is looking for the best results for long term shareholder interests. He is not going to be pushed into doing a deal that is second rate for shareholders just to satisfy impatient shareholders on a chat forum. It is complicated, over two sites and two distinct markets. 28 year mine licence is a long time to have money flowing. It has to be right, and in a market that is strengthening, no massive hurry say I. When the deal drops, you will be either in or out, the share price will instantly rerated. The Tolsa deal is just the icing on the cake.

The market dictates the type and strength of the deal. It is unrealistic to state ‘PC should have already done a deal’, when we just don’t know what is going on behind the scenes. I would think that PC would have started negotiations with one lot of interested parties and then had to change tack as new more interesting players have come along. The market has changed positively, strengthening our hand. PC gives out as many clues as he can, with the research note giving an indication of some of the upside. In the meantime we just have to trust PC and the market, and try not to get too frustrated. The current price hurts everyone, our time will come soon enough, but in the meantime we just have to suck it up.

Your assumption is coming home empty handed? How do you know, when you are not party to the negotiations. The answer is you don’t, and are just sounding off whistling in the wind. It does get tiresome for us investors, and is quite frankly embarrassing. Just step back and think about your posts and how they come across. It is not good, take a break and come back when there is something meaningful to post from an RNS.

Why would I want to sell when we are coming up to the best bit after 17 years in the waiting, the RNS could drop tomorrow. I also suffer from FOMO, and am happy to wait and see and then admit I am wrong, but not before the fat lady has come out to sing. In this case PC. Exciting times don’t you think Shelly?

You might be right Tottyman, but as the stars are aligning that Amazon parcel could contain a number of bags, and that is my expectation.

Thanks for sharing Tottyman, as a poster who is rather negative on this share, and the ability of PC to create shareholder value, would you say this is a positive indicator for the long term demand for our assets?

That might be the case flyingdoctor, however nobody is beyond redemption! Shelly might have lost money, but I feel that he might be on the verge of reinvesting, as FOMO is going on, why else would they hang around? As the news becomes more and more positive, so the argument that that PC is not capable of creating any shareholder value, becomes louder and more fervent. Signs of a person who is worried about eating humble pie, and is about to flip?

Well Shelly, my chips are down just because of those odds, and those odds have been improving with every RNS that is released. The assets that PC has discovered will speak for themselves. In the meantime try looking on the bright side, and apply some logic. PC does own over 6% of the company, we are fully funded and have no borrowing, and own some long life assets that are increasing in market demand. All this for a 4 million market cap. What is the hurry for the right shareholder deal? Have some faith, and you might make some money. PC could be the magic man, you never know, but you have to be in it to win it!

It is not correct to say that talks haven’t progressed, they have, mentioned in a number of different RNS’s. We are just waiting for the the RNS that says, this is the deal and with who. The recent research note gives an idea of valuations, and PC will have had an input. These valuations are likely to increase as deals crystallise. There will be transport and extraction costs going into the equations giving valuations. The point is that related companies will see the market moving. Happy to wait and see, my bread is on the water. The monthly costs are minimum, so happy to wait for the right deal. We are fully funded and can afford to be strong sellers, with most shareholders aligned, so no hurry!

Simple Shelly, because the stars are all aligned in the long term demand for our assets. Just a matter of time, contracts could drop any day. The delays are positive, as the market strengthens. I want PC to be a strong seller, and take his time for the right deal, which will give us the best value. Low risk at this level, high reward and multi bag prospects. Fill your boots, you know you want to, but are you too proud? Been in this for about 5 years, accumulating as the prospects improve. Happy days IMHO.

Look on the bright side Shelly, you could fill your boots waiting for the RNS that changes everything. Past share price history means nothing, just a marker in the sand. We are very well positioned for the future, enjoy and reread the research notes. The future is bright, just a matter of when.

The market is such that only signed contracts will move the share price, another brick in the wall and potential is ignored. We just have to accept the reality, and hope that once the size of the contracts are revealed the market will react accordingly. The upside is huge and I believe we will be well compensated by holding at this level IMHO.

Moving forward to the December deadline, all signs are positive that this is all but nailed on. Once the drilling is completed they will be able to tell how deep the resources are, and be able to estimate what the 3% royalty will be worth. I would imagine they would want to negotiate that 3% royalty away with a discounted upfront payment. Patience as ever, but not long to wait on this one.

Not long now Sheldrake, are you enjoying the suspense?

Yes I agree with you Dan, however in this case I am sure PC gave a steer as to valuations. These are the valuations that are currently being negotiated over, and are current and not based on wishful thinking. I queried these valuations, as I was disappointed that they were so low!