Member Info for Lottohopes

Levi: I am as frustrated as the next person about the communication gap and suspension going on and on. But I m not worried about the deal falling through or this team being unable to execute. The two are different things, and I stand by my diligence/background reading. Of course if I m proven wrong in time, some very important (and costly!) lessons will be learnt and I will humbly concede I got it wrong. Right now, no news is not bad news Atleast to me. It’s about managing anxieties. Imho. Good luck all

http://www.emr.gov.yk.ca/mining/pdf/mml-minto-copper-keel-umdop-august-2018.pdf Amended mine plan submitted to Yukon govt, in August 2018. The mine is presently managed jointly by Pembridge and capstone. But the revenue and all things financial have gone from Capstone Q2 reports, so clearly the intention to divest remains and is happening. Things are still happening in the background. I refuse to participate in this doom mongering. A shell doing an RTO was always high risk high gain. I don’t find cause to worry, although the wait has been frustrating. Jmho. DYOR. Good luck all

CEO integrity and character matters. Art was implicated in scandals like “oil for food” in Iraq. “The only Canadian named in the list”. Wow. There are a few documents which clarify his leadership at Oilexco, one is below. https://docplayer.net/48193862-Oilexco-important-lessons-to-be-learned.html Of course there will always be rampers and derampers. Last year, I recolllect there was Aberdeenman, with vast sector experience and knowledge invested here, virtually a lighthouse for other investors. He pumped it for weeks, 1.8p paid and promptly disappeared. Back to the current co, can anyone clarify how EG18 can be mentioned in the prospectus, when it’s awarded to Clontarf a few days before? Small over sight (technically it’s called fraud) ? Lol anyways good luck all. Like I said, there’s always money to be made by ramping and pulling in the next set of gullible investors. I genuinely hope I m wrong this time and you folks can have a laugh about me missing out.

Mick: these are a few observations: the co has been paying huge salaries for years. And raising regularly to cover those salaries. And Art, Irwin etc have been participating in those placings. To some it looks positive as management has skin in the game. But to others it looks like a lifestyle co. Surely reducing salaries in dire circumstances is the logical ethical way forward? 400,000 a month? As an investor I d ask: what value is being achieved? Exactly what tangible work has been achieved on those salaries since 2017? The co drilled LB13, granted it was sheer bad luck it was a duster. But it took months and months to communicate the result to share holders. Money ran out, a placing came with a prospectus dated 08th June 2017. The document mentioned being in “advanced discussions with Equatorial Guinea govt” ref EG18. On 05th June, the same area had been awarded to Clontarf. Cathy in Investor relations denied knowledge of this. (I spoke to her). The copl website has out of date info. It’s untouched for years. Norman Dean for ex left copl in Jan 2017. The website still mentions LB13, whose license ran out. No communication of company’s intent on it. Just a week or two before LB13 was due to run out, Art did an interview stating they were still examining options. Ditto with current focus property in Nigeria: the PSC ran out and there wasn’t really any firm communication about re-applying for an extension/renewal. Anyways, I know this post will get the usual fierce rebuttals from many who are invested here. Some may remember I held a chunk of these from 2016-17 and read up quite a bit on it. I sold out, not because the prospects for the asset are poor, but because I believe Art takes us shareholders for a ride again and again. His interviews tend to be intentionally nebulous-uncertain waffle. IR is polite but clueless. Just my two pence. This is my only post, and I m posting because sometimes a CEOs history is forgotten. Of course there may be money to be made when there’s hint of news and the next spike. I hope I m completely wrong on this one, and folks make money here and apologies if anyone’s offended. Good luck all

2017 Half year report states NM was paid fees of 200k in Australian dollars. Annualised and .57 conversion to GBP gives me a £228k salary. Brooke Macdonald of CGP was paid $75k Canadian, quarterly. That’s £180k at .60 conversion. Does NM deserve this salary? Are we having a laugh?! Why don’t you pull out some salaries/fees of CEOs of other comparable cos and decide? I think the salary is below average for CEOs of his calibre, experience, and most importantly size/Mcap of company. This is mid tier Mcap territory, for a junior explorer with plenty upside left in it. Imho. DYOR.

Valid points Callit. The Leica kit was leased initially I believe (to save on costs). Tbh I’m not expecting multimillion contracts straightaway, even small regular contracts add up, with mention of being preferred partners for survey work for a prestigious project like HS2 or the Heathrow job for ex, is sufficient to change perspective. Bottom line is we are back from the brink of bankruptcy, generating revenues and have two threads to look forward to: geocurve and gyrometric. Turnarounds take time.The numbers matter ultimately. DYOR.

Yes! Thank you Porto, much appreciated

Porto: thanks for posting. Do you or anyone else have the previous video/audio discussion link to this one, which probably came out in July? Thank you

There may be any number of reasons: to proceed systematically, the geomag, geophysical studies may be needed. Maybe this season now is focusing on drilling Cascabel, and once those studies are done, they might consider other tenements. Environmental permits, drilling permission from land holders, local groups, who knows? Frankly I don’t understand it enough to say, they are making bad decisions. There’s an element of trust here, and that’s a black and white thing. You either believe value is being extracted systematically, that the team at the helm knows what they are doing or you don’t. We have survived the worst commodity slump (upto 2016), emerged unscathed but we did a very piddly amount of drilling between 2013-16. Secondly there’s fear of a crash and uncertainty overall in the markets, imho. Thirdly, copper and gold have fallen so sentiment is not best right now. It’s all cyclical and life in exploration land has to carry on regardless of sentiment and sp, which I repeat lots of times, is human and fickle. NM shouldn’t trust anyone’s sentiment, doesn’t need shareholder pats on the back; he’s just carried on with tenacity and determination. One deposit identified as near surface, with those bonanza grades gold, copper, zinc, silver and what have you, these prices will look silly again. Jmho. DYOR. Good luck all

Hi Aquinaga, I m keeping well thanks :-) my health issues appear to have resolved (touchwood) Yes in the original plans, when Cascabel was identified as prospective, they identified two epithermal areas adjacent. “Several mineral prospects which are hosted in the same geological belt, have been identified in the Cascabel district including the Chical (Au-Ag) and Rio Amarillo (Au-Ag-Cu) epithermal prospects located 12 km to the northwest and 12 km to the south of the property respectively.” From CGP website. There are others ex Blanca Nieves. All in all, drilling out a smaller more shallow deposit should be a walk in the park compared to 2000-3000m deep drilling. The changes in regulations allowing drilling to proceed faster, tax changes etc are all looking positive. Imho. DYOR as always

Hi Earthling: the latest presentation mentions Blanca Nieves “boot strapping” Alpala’s Development. Essentially porphyries tend to have richer grade epithermal deposits adjacent to them. And those epithermal deposits change the economics of the over all project favourably. Ex Wafi for Wafi Golpu. I’ve said before that an epithermal deposit can easily be chucked in with Cascabel, changing the metrics completely. There are two epithermal deposits we own adjacent. The infrastructure costs etc will be shared. This may well be the strategy elsewhere too ex develop a project near FDN and a “hub” which processes the ore. Frankly, the possibilities are too many to wrap our heads around. The bottom line is: follow your instinct. Just my two pence. DYOR.

Earthling: I don’t understand your question? If you are asking the exact amount they have to pay, it would be their 15% of the costs incurred upto the bankable feasibility study (if it gets to that stage). Atleast that’s my opinion. Last year a lot of posters were rotating into CGP as they felt it was better exposure to Cascabel s upside, and because they believed CGP was “free carried”, ie didn’t have to pay anything towards exploration costs. The term free carried merely meant solg paid upfront and CGP share of payment was deferred. Atleast that’s my understanding. There was a lot of smoke and fire about share holder activism, about CGP being focussed on share holders, NM being autocratic etc. Massive dilutions there, control usurped by WI group, convoluted share structure which idiots like me will struggle to grasp, CEO paid $75k quarterly, sp languishing arguably more than ours, so maybe they need to apply some of that activism on home turf ;-) jmho. DYOR.

Hesiod: that’s a tricky question. Because the reference to “Alpala” is actually the greater Alpala cluster imho. And they have spoken about the whole row of targets coalescing at depth. Technically that’s a single deposit, one porphyry, as USGS states any orebody within 3km of each other is not considered discrete. (Note Aguinaga sits 3km north east of Alpala cluster). My opinion: Alpala cluster is what they refer to. But is it the “X” in diagrams ie vertical and horizontal targets? Wait and see. NM has referred previously to targeting 60MT relatively high grade Cu (for a porphyry) and 40MOz Au at Cascabel. 10MT Cu and 25Moz Gold is a great amount anyways. Note the gold to copper ratio doubling and beyond in recent assays. Jmho. DYOR.

Here are some facts which may sit unpleasantly with other posters agendas. Last raise to keep lights on, was Jan 2018. All debts, legal disputes settled. Old BOD moved out. The current directors hold 33% between them, so their interests are aligned with other share holders. They have stated unequivocally since, that dilution to keep lights on, is a thing of the past, and is not happening here. Logically, why dilute themselves? Cashed up beyond end of 2018. There hasn’t been any dilution to raise “lifestyle” cash since Jan, that’s 8 months. Raising equity (some 7.4% dilution) mentioned in today’s rns is to buy a further stake in gyrometric, to add value to the business. Massive drop in costs due to (previous Bod and) current bod efforts. US offices/staff cut, training division closed, drops in annual recurring building lease etc mentioned in FY report June 18. Current BOD taking zero salary. Incentivised to work on our behalf (and of course theirs). Growth sectors: wind energy esp off shore is taking off, costs per unit dropping, UK is a leader here. Surveying industry: changing significantly due to new tech and changing requirements, virtual surveying being pursued as a differentiator. Geocurve is clear in its aim: pursue a few big companies, for long term relationships ie recurring revenue. It reads like a who’s who of the building and associated industry: AECOM, Jacobs, Vinci, Ringway Jacobs, Aggregate industries, EDF....HH, Robert West, @one alliance etc Aeros two revenue threads are poised to grow significantly, but it will take focussed effort, time and patience to rebuild a business from the mess that Strat aero was pre 2018. The HY statement in Sept should be eye opening for the doubters. The rainbow chasers can move on. Imho. Please DYOR. Good luck all

The row of targets coalesce at depth beyond 750m in the geomag models. The recent CGP presentation stated that trivinio appears connected with Alpala. There is more than one Tier 1 here. Imho. DYOR.

Gyrometric stake upped. Solid prospects

Good progress. Staggering amount of data (and I imagine core) being accumulated. The new lab in Quito, should progress things nicely. Good luck all

Crane: Good research. You should be able to get in at 1p. Good luck

http://www.cornerstoneresources.com/i/pdf/Presentations_0818_AGM.pdf Not sure if this has been posted before. Some interesting comments ex Hole 49 results suggest Alpala NW and Trivinio May be connected at depth (full points to the geo-mag model).

Evening folks :-) my prediction just a guess: 61p. If a PEA gets published, if Aguinaga comes into contention as a rich shallow deposit (still underground imho but not necessarily BC) and NM further clarifies intentions to go production, sp may remain at lower than fair value, wherever that be. I just see these as good opportunities to top up, cash permitting. It’s clear from events over 12-18 months, that the share structure is being made more secure, IIs, employees getting incentivised etc and that Solgold is not going to be manipulated into a cheap deal (for the whole co) As I posted before some painful lessons learnt from Orbis. That much is good enough for me to hold patiently, whether it’s 2 years or 5 years, is irrelevant in the grand scheme. Importantly value will be systematically extracted and achieved. I made up my mind I don’t need the cash from Solg, so it’s refreshing to watch with no short term anxieties or expectations (ie next year or two). Just my musings. DYOR. Good luck folks