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Covid and it’s fall out has not left anyone unscathed, some realise it more immediately whilst others will feel the ripples at a later date. Pere was hit hard by the Cu price plummeting, workers forced to isolate 2 weeks and must have had difficult decisions in terms of allocating cash. A drill program to extend mine life, drilling to explore extensions to mineralised areas, back fill and modified mining studies, study to convert any resource into reserve, underground mine development to name a few competing priorities. Some of these have obviously gone to the back seat when cash was tight and the co was at risk of sinking. This latest $3m injection alongside improving monthly advance payments (based on monthly Cu price) gives me some assurance that we are no longer against the tide. Longer term investors (myself included) will of course be wary given past disappointments. It’s still high risk and some may prefer watching the story develop before buying in further. Just my thoughts in the interest of balance.

Agree Majic: all valid points. But depends on ones own risk appetite. 33%—11% was unexpected and destroyed fragile sentiment further. We have an 11% stake in a producing mine mill complex, with stated capacity of 20ktpa Cu and 24kOz Au plus silver. All commodities on upside with significant cash flow if the trend continues. The payments due have been moved from Pere to Minto Exp, with support from the majority holders who have deep pockets to weather any down turns. Debt on Pere is the director loan (2.95m £) but most of this is covered by the CAD3m that we recoup from Minto Exp, both due in 2022. Upside includes ramp up of production in H2 20, mine life extension and new exploration, all of which commenced over 6 months ago. Only numbers will change sentiment here. DYOR. Good luck all

So today’s RNS confirms the investor group continues to support Minto/Pere. The payments/risks have gone predominantly into the subsidiary Minto Exp and Pere protects itself from downside risk, of course at the cost of sacrificing longer term upside. Secondly the reduction in economic interest occurred in June end. So production revenues between Oct 19 and June 20, both inc are shared at old ratio of 1:2. We produced comcentrate worth circa $25m in Oct-March. Will be worth watching what revenues were produced April-June quarter and how COVID affected it. Good luck all

The mine and mill were in care and maintenance for 12 months before restart in Oct 2019. Restarting the op, assembling a team to run the project and other start up costs are of course front loaded. Mill was running at 30% of capacity for just one quarter, Q4 19 and still producing a significant revenue. DYOR. Good luck all

We are keeping well thanks Levi. Hope you and family keeping safe. Yes Gati has supported the co via loans with interest accrued. And he has been paid a salary. However, in the interest of balance, Gati has put in large sums of his own money (I think about £200k at 16p in initial placing 2017), £1m at 12.5p in 2019 and lastly at 3.2p recently. He also topped up on open market few months ago. He is down on his investment like the rest of us and the last few months were frankly unimaginably painful. Where to next, is the question and time will answer that. Plenty of news flow ahead to change our view point, but Cu price remains key issue. DYOR. Good luck all

Hi Hamiltonbro, I wouldn’t say all long term holders have given up ;) I have been topping up where possible and still believe things will turn around. Of course most LTH are heavily under water, hence much more cautious in their comments. It is a high risk contrarian opportunity. Good luck all

Current market has taught me a key lesson. The smaller cos get punished more, obviously they are (generally) higher risk of folding up. But it’s also a fact that they struggle to objectively demonstrate “value” to new investors. So what value can be placed on the patents owned by Gyrometric or the 15-20 years of continuous work done by the academics to improve the algorithms? As of now, very very little, but if adopted in huge industries, value would look different. We have had endorsements and significant interest. Will the team be able to commercialise is the big question?! Recurrent revenue will be the way forward. Alternative would be a tech/manufacturing giant offering to buy out. Either way, a fascinating story to watch as it evolves. DYOR.

Patience is the key. The world as we know it has changed, ways of working and of living have been challenged. Remote “unmanned” monitoring of processes will become more of a norm in the aftermath of Covid. Gyrometric is the flagship future revenue earner here. I still believe their tech is ground breaking and will be adopted eventually. They previously announced trials with 2 wind majors. (In my humble opinion the majors were the likes of GE and Siemens). Things have been delayed in 2019 as (trials) timing by majors is essentially out of our hands. Geocurve was disposed of late 2019: a bad end to a promising business.

The wind sector is growing phenomenally and the UK aims to lead the world. Gyrometric tech was trialled and endorsed by ORE (offshore renewable facility at Blyth). Ongoing trials in several sectors inc oil gas sector, cement production and other manufacturing industries. Distribution agreements with a German giant (Vulkan) and a Turkish shipping Co.

The fact remains that the three directors here have put in nearly £900,000 of their own cash, at much higher prices. A significant proportion of shares are held by them as well as a few PI. Please do your own reading. Good luck all holders

People like me are buying. Maybe we are utter fools. Or the govts worldwide might throw hundreds of billions into infrastructure spending, to kick start growth again. Infrastructure needs copper, simple as. DYOR.

All three entities have equal economic interest in Minto Exp. The $10m owed to two cornerstone investors and the staged payments to Capstone will come from total cash flow into co, NOT our 1/3rd. The cornerstone investors aren’t in any rush to have their money back. That leaves only the first $5m payment to be made, that too under 2 conditions: within 90 days of mill achieving 60% of capacity. That’s 2400t/day. (We’ve averaged barely half of that monthly so far and managed to create $10m+ revenue). Stability achieved. Growth is being accelerated. What’s not to like here? DYOR. Good luck all

Wasarunner: you ll have to “follow me” to DM. Apologies to the bb.

The ?? was a cheers symbol actually

Wasarunner: I’ve kept the same name on Twitter. Was hoping to have a chat, if you on Twitter..no worries ??

Gray: I m confused by your post. RMS owns 58% of GyroMetric and it is it’s only revenue thread presently. But it hasn’t been dumped. The sale announced, is of Geocurve.

Wasarunner: are you on Twitter?

Also RG participated in raises as low as 1p. So he hasn’t lost out capital by selling.

1% is about 14m shares. This guy has been dumping since early 2018. So it’s not related to recent news or indicative of a bad outcome here. That’s a shabby attempt to put a negative spin, if anything let’s have the big seller completely out before news flow.. My own conjecture I posted previously. An associated co of RG was caught out selling and reporting late in another instance. As a co becomes bigger in stature, it’s share holders face greater scrutiny. Imho only. DYOR. Good luck folks

It’s usually dependent on how harsh/mild the winters are. Yukon generally has harsh winters, and I imagine properly frozen ground allows drilling. Plenty of other news in the pipeline even if we have to wait for drilling in summer months.

Mullins: please stop posting facts. Here we are not interested in facts. Let’s blame the co for everything ;)

Mr Chow! Long time no see. I thought you had sold out ;)