Member Info for levistubbs

So even as the deal stands it is another 2 .1bn shares but it looks like it will have to be sweetened so could be more.

Moronic. No regard for existing shareholders at all. If they had they would have done more to increase the sp instead of sitting on their hands dreaming up the next plan and issue more shares like confetti.
Deltic holders should bear in mind how much confetti is already in issue here and be prepared for a consolidation following on the heels of them getting their Rbd shares.
Disgraceful!!

Yep, it doesn't look anymore bullish than when it closed above this level last time. Hope you are right and may be some news will come to boost the SP rather than give us another swift kick to the gonads as is usual here.

'Once over 4p I think everyone will want in'. Why??

It went over 5p a few weeks ago and everybody wanted out, so what is different now?

Oh if is on Twitter then it must be true lol.

If I was a potential new investor I would be waiting on the sidelines for the next piece of company news. They have been very quiet on all fronts.

Yes macca the percussion drilling is proving the geology and ensuring low risk targets for the diamond drilling later in the year. The management have an idea of the favourable areas already but there are so many it is right to narrow them right down to the best.

Nicely cash, I will not be rushing to leave either.

Cash I have heard the same regarding GGP and others many times and many of us have similar tales of woe. But without a crystal ball you just have to trust your instincts and try not to get too down about it. It's a bit like playing fantasy football and swapping out the player that scores a hat trick in the next match while the player you have put in gets injured in the first ten minutes.
I think there will be times to take profits with this but then buy back the dips as I think it's potential is better than many small caps. The excellent management team and assets warrants a much better rating and I am sure it will come.

Hi cash2. At some stage the company will need to raise for a diamond drilling campaign but assume that unlikely until all is known from the current percussion drilling. But we can only issue 20% new shares which is circa 12.5m shares. The company will want to get as much as they can from that so will want to keep the sp up and the good news rolling. 8p would give them £1m which would provide them enough for a decent diamond drill campaign and prove up a decent resource especially as it will be targeted thanks to the current percussion drilling.
Just my assumptions, the company may have something else in mind.

Lotto you do agree that quite a lot of the 14000 mts will have been done before Covid issues raised it's ugly head and up to and a bit after the dubious interview? And what of the explo done before that in December? Surely the purpose of drilling is to extend mine life which in itself creates additional 'value'. Don't you think with the dire state the company is in, if any of that exploration was any good they should be releasing it? Or may be they are not privy to it, in fact given their now sedentary position, what are they privy to at the Minti mine?
This chapter may need to be viewed separately but one thing that is the same is that as yet it is still being run as if it had an idiot at the helm. Last time that turned out to be true, this time the jury is out but only just.

Poor comms from management indeed but this management have yet to show they can do anything that doesn't leave one thinking they are a bunch of overpaid prats who have shafted shareholders from day one. If anyone is scratching their head at why this is 3p there is your answer. Incompetence.

Good question. Results were due to start coming in March before any Covid restrictions in the Yukon and wider area. The drill ops were fully funded and a Rns was put out accordingly. Now approaching mid July we have nothing. Why??

Another nice picture on Twitter, drilling restarts again next week at Troodos West.

Edit - high priority target for diamond drilling.

A nice post and video now on twitter. Evlim is now a priority target for diamond drilling.

Espadrilles you might be ok, it might drift a bit until the drilling restarts.
You are welcome. The main listing is a bit of insurance against Aim like mass dilution. I said maximum of circa 13m shares but think it is about 12.4m which would still mean less than 75m shares in issue.

It is important to remember that this is on the Main List and can only issue 20% of share capital each year so currently they can only issue another circa 13m shares this year which at the current sp will get us around #1m which will pay for a fairly extensive diamond drilling project on these relatively shallow holes.
It is important to remember that this will not be required until later in the year once the percussion drills have been properly scrutinised.

Au2016 they have 30 vms deposits in a 5km radius. The plan is to get the best diamond drilling targets by drilling several of these deposits and formulating a full diamond drilling plan. Surely you understand that is a very cost effective way of doing it.

Au2016 I think you are missing the point. This is the faulted extension of the Limni mine which had 8.1Mt of Cu at 1.1% .

Great news. Will be good to get a breakdown of what the sulphides contains but as Evlim looks like a faulted continuation of the old Limni mine then there should be plenty of copper and gold and may be zinc.