Member Info for KnockinOnHeavens

And how does it correspond to Hoover Dam? :)

I would just add that 100 of people died during construction of the Hoover Dam in 1931 in the middle of the desert.

We are in 2018 now. I'm pretty sure that building Woodsmith Mine would be quite challenging in 1931 too.

Let's compare apples to apples if anything :)

Chesh

Spot on :)

Sure Vin,

Still hurts after the last time? Don't worry, time heals everything. :)

Yes Vin,

Some consider holding "gazillion tones" of the ground above your head deep underground as challenging as diverting a river in a prepared reservoirs.

Can you believe it?

A dam is no biggie either - you divert the river, build a a concrete dam and close of diversion channels one by one until water level has been stabilised. Everything above the ground.

Piece of cake.

Is it?

And how is building a dam more complex than digging 20 miles long underground tunnel?

I would further add the below to the discussion:

"The Company has developed a construction programme which defers the upfront capital costs associated with the port facilities and has amended the scope of work to include temporary truck and train transportation of product from the storage facility at Wilton to the port facility. This enables the construction of the overland conveyor to be deferred until such time as it can be funded through operating cash flows, currently assumed to be 2025"

If they hadn't done it then the revised capital requirements would have been even higher....

15 -20% swings.....As if anything changed over the last 48h......

Somebody uploaded a photo with a description:

"Beautiful sunrise over the production shaft and Bauer rigs"

So romantic.......Now we just need a table, glass of wine and some blanched vegetables grown on POLY4 to complete the picture :)

That volatility is a joke. I don't believe what i'm seeing anymore.

Literally a roller coaster - close your eyes and hope for the best....

Are you on drugs? It's only 1pm on Tuesday...

You sound like a servant.

No, thank you.

VinTheBin

"So how does any of what is going on with the price reflect on the SXX BOD"

Management and control of price sensitive information = BOD responsibility.

Consequences = increased uncertainty, loss of credibility and trust reflected in SP.

"People" operate based on available information. You can't be leaking price sensitive information one day and expect people not to panic on the next day.

Scotman

1) I haven't sold out
2) I'm invested so I have every right to be worried about further dilution.

It's not always black and white mate.

"Who cares"?

Who cares? Everybody cares. Once diluted every single share you own will be worth less. Every single year for the rest of life cycle of the mine you will receive lower dividends per every single share you own too.

What do you mean "who cares"? Are you dumb? Or have no sense of value whatsoever?

EVERYONE CARES.

It would look differently if management:

1) Simply announced increase in capital cost when the price was in 36-37p (without any leaks and suspicious drops prior to RNS)
2) Let the market absorb the info
3) Announced signing MHF and MTS contracts + savings in different areas to counter it a few days later

better internal controls when it comes to managing price sensitive information, the same info communicated differently and I bet we wouldn't be seeing SP at that ridiculous 23p.....That's how you "maintain the shareholders' value".

Sheesh.....as they say :)

KOH

What do you know about trenches keyboard warrior ? :)

KOH

It is still a great value, great project, amazing opportunity bla bla bla

Or another fuc%#ing leak and more shiitty news soon? Who knows? That's exactly what loss of credibility and trust does to perception of management and SP in moments like this - contributes to panic.....

How can we trust them after the last week ask many? Many don't stand the pressure and just unload.....