Member Info for Justone

You are right I don’t, but I trust PC will do a revenue generating deal. He does not want dilution at this level, nor do I. Costs are at a minimum at the moment, and will remain so until a deal is done. Selling a proportion of the CS project would nicely, with an ongoing cut on production for a revenue stream. I would like a return of cash to long suffering shareholders. All will be revealed over time.

We have access to sufficient funds to see us through, that is in the RNS. All we are entitled to know about the stage where we are with the various projects are in the RNS’s, he updates us when there is a material change. PC does not do hope and conjecture, he does deals, shareholders will see them in retrospect, and only then will we see the monetary value of our assets. This is how I expect him to behave, no leaks, frustrating as it is to wait. I believe the value of our assets are way more than the market cap, and is why I am invested. It has been a logical ride, but frustrating share price, value has being created all the time IMHO. I don’t think we are far away. This is aim, a brutal market, and I expect to be rewarded for my patience. In the meantime I have to grin and bear it, and just trust PC to do the best deals for the shareholders, which he is the biggest.

Maybe your risk profile is not suited to investing in Aim stocks. We are all different and that is OK.

It is not what you say Tottyman, it is how you say it? How do you come across from the receiving end is important to get the best results. In the corner of the room when there were only two other shareholders at the AGM, gives an impression. I could ask what I wanted, and PC replied within the rules. We are all, including PC disappointed in the share price, but PC has created more value and potential over the last year IMHO. We just have to wait until deals are signed and values revealed, he wants them over the line as much as we do. PC is right, if you don’t like this reality, sell. I would say the same as PC, and if it drops the share price, so be it. Yesterday’s RNS was very good news and shows more potential value, that I am happy to wait to play out.

They have had a good run recently, forecast gold and copper prices for 2023 look good, we sit at at a significant discount to NAV. Low risk high return play, but the sector is unloved, some day that will change. In the meantime we just have to grin and bear the pain.

https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL5w%2B0yBfxv%2FR7%2BrFiGug%3D

If I was Tolsa and believed I had commercial quantities to mine, I would look to renegotiate the 3% royalty. Cash settlement?

Waiting 18 months was part of the deal, as we waited for them to pay for and find out the extent of the resource. I don’t think you can put any blame on PC at all. They are paying us for this option. Deals take time, with due diligence in today’s risk averse environment taking an age.

At the time the deal with Tolsa was done, we did not know the extent of the find. So Tolsa did not know what they were buying, without doing and paying for the work. This now stretches for 2 kilometres. We maintain the 3% royalty, which may be the big winner, something which Tolsa might want to negotiate to buy out. I don’t see anything wrong with the deal.

To me it is an early Christmas present. Read what Tulsa have found and what is planned in 2023. They are not going to pay before they have to, not logical. They are doing all the work before forking out the money. PC sounds very excited about what they have found, and we are happy to receive the option money. We only have to wait a year now for this earner to come in!

Look at the RNS 13 December accounts, AGM 17 jan.

I would agree entirely with your conclusion legalwolf. We just have to wait.

Yes, that is what I understand, family run businesses.

The companies that they are talking to are Asian, and they know the risk of having an operation in SL. They understand the type of politics that exist. Long term supply of mineral sands is an issue for the industry, and they are keen to secure that supply, apparently. Everything comes with a price, I would not be so negative colourblind86. Let’s see what MF can come up with, he has enough of an incentive to make things work.

The company through legal advice thinks the reasons given by the GMSB to suspend the licence are wrong. The head of the GMSB has now gone, that I think tells a story. There is support for the company from other agencies.

I forgot to mention that, the possibility of a podcast was being discussed.

Thanks for your concern, it is much appreciated. The RNS was a kick in the guts and came out of the blue. I sent MF an email, and he telephoned me. This has only happened recently hence the RNS. Obviously he could not disclose anything more than was in the RNS, however they believe the matter will be resolved, and the legislation has been applied correctly. This is more about the internal politics, with other officials showing support. The country needs inward investment, and the off takers are still talking and they understand the in country risks. The board is very much aligned with shareholders to avoid dilution. We wait, a hump in the road that is all, but bloody frustrating!

I would recommend that investors read the full set of accounts, plenty of value enhancing events coming up. The only question is when! Enjoy. The figures also explain the raise, locked and loaded as a bull would say. Sorry Safe, I am on the other side.

Some people can also not be patient. Thank you for sharing your pearls with us, it is good to know that there will be some investors who will hold it come what may. We are all different, thank goodness.

A very positive podcast, sounds good for the future. No mention of the sale of the coal, so I suppose if that is announced a massive bonus.