Member Info for levistubbs

Yep like 'funded until production' and 'increase shareholder value' and 'employ PG as brokers to bring in institutional investors' lol Cuprinol.

It could be put on ice PAUL but it won't be. Kerim will get busy on it one way or another to keep his geos in work even if it means more dilution and pain for shareholders. However if Salinbas is as good as we are led to believe and he is already getting lots of interest then there really is no reason why shareholders should have to pick up the tab for furthering that prospect. There are many ways this can be done. Further dilution is not an option.

He won't say so because he once did say so and was out by a country mile. He once uttered the words funded to production and then we had 3 lots of dilution, ouch!! But the company is in a very different position now and I feel confidence in the company would return if he would be more up front with how he is to finance going forward.

PAUL yes dilute me once shame on you dilute me twice shame on me, except he diluted 3 times within a year and that is why investors are tired of it and even more tired of the way and with whom it was done. It is why there is no interest in the company and why the share price is mired close to the last placing level. If anything has come out of this it is the hope that the company have learnt a lesson, but unfortunately at the cost of shareholders. IF Salinbas is as good as we are led to believe there should be all sorts of measures open to them that don't involve diluting shareholders further. If you look at the deal MKA have just pulled off, something along those lines may be. There should be all sorts of options but none of them should involve diluting shareholders further, to do so would be very foolish IMO.

PAUL that is the $64000 question and one of the things very obviously holding the share price back and stopping PIs from buying. From what I am hearing from the presentation and reading between the lines I would say more dilution is very likely. Of course with just a few words kerim could end all speculation.

Sound management lol. No watching anything dry here just watching investors slipping away daily. May be he has replaced the cuprinol with snake oil.

No Tasvan is where it is because of the permitting, financing and construction process on top of the further work that is still required . Look at the chart. We know very well how long permitting can take.

Steady on in4cedros that is almost an admission that some of us have been right on here and very much toned down from your usual 'I am right kerim is king, and you are a deramper' type posts.

Indeed

Shows no production from Tasvan until 2020 which is further out than my pessimistic view of 2019 and for which I was chastised over by the head in the sand crew. With similar slippage that we saw at RR then it will probably be late 2020. Sorry to be the bearer of bad news Northof.

Indeed Propinquity

Unfortunately Propinquity most here like to stick their heads in the sand, others only come out when there is good news and shrink back when the SP yet again fails to respond and then there are those that just criticise anyone who questions what the hell is happening even when they are proven right and then there is tracylied lol.

Tracylied I don't see any desperation on here but I do see plenty of exasperation. You say the share price never says it all, that may be true to some extent although I would rather it be saying overvalued than undervalued, but what this has been saying for most of the year is that it is a **** investment.

Angus the company has just done an evening presentation and loads of new stuff on Web site. That isn't the problem. The problem goes much deeper than lacking PR , and targeting the PR towards PIs is not what is required.

Lol Propinquity.

Propinquity you are quite right. In fact kerim engaged PG for that very reason. They have failed in that and imo have failed to adequately support the company. Don't even get me started on Beaufort. However, that said, a lot of companies have got raisings away with the bucket shop on much better terms than our very own leader.

Propinquity thanks although I have not supported kerims pop up raisings. Before the raising of June 2016 after the coup attempt I had over 4m shares. Because of my annoyance at that and the uncertainty in Turkey I sold down to 1.25m which then became 125k after the January kick in the teeth. I am kicking myself for still owning those, which owe me 1.725p, after the June debacle but safe in the knowledge that I sold the majority of my shares much closer to 2p. The fact is the share price is no further on in 5yrs after all the apparent good work and having a producing mine. Successive deeply discounted raisings have stymied the share price and turned away PIs while lacklustre brokers have been found wanting when promoting the company culminating in little or no institutional interest. Yes the company have done well to get to production but the management need to take a long hard look as to why it is not transferring in to the share price.

Good post 4kandles, excellent bullet points. Totally agree.

North how dare you question the Kerim happy clappers lol. Don't you know he is a daity on here. I did tell you there was no drilling at salinbas this year. The 950k raised in January was for work on salinbas and Tasvan however we don't know how much of that seeped to zenit nor do we know how much the £2m is left after the zenit bail out. They could not possibly fund anything other than what they have done on the ground for that very reason. The reason the SP fails to respond is that there is a lot of damage to sentiment and trust for the company to repair after successive deep dilution and continually getting a bad deal from the bucket shop. With continued lack of interest from institutions PIs are having to take up the slack but as yet few are seeing enough excitement to risk against the downside of another funding. All that said it is obvious salinbas has massive potential. It is now for the company to find a way forward with it without crucifying shareholders further. Please put thoughts of Tasvan 2018 out of your mind it ain't going to happen. Most of the year they will be waiting for permits probably.

4kandles before the mine became commercial $4m in loan payments were made, and this last quarter only a relatively small amount was paid in loan payments from the $5m received. I think it fair to say that between them Ariana and Proccea picked up that $4m tab. Of course we don't know in what proportions.