Member Info for Lottohopes

Thanks Redleader and Pad :-) assay lab coming locally. Alpala still growing. Aguinaga is huge in surface area: 1.5 sq km, will take time. Patience needed. Imho. DYOR. Good luck all

There are two joint brokers: one UK based, the other Canadian. Indicates Canadian institutions possibly? They have kept adding personnel to the team: a new CFO, a Canadian logistics+marketing lead, a geo with academic background and local knowledge. Plenty of investors participated at 1.6p raising (including GatI and some other TR1 holders) sitting on paper losses, who wouldn’t accept a silly price raise and these folks wouldn’t just curse on a bb, there would be shareholder activism...All the signs are pointing to a rerate in a positive way. Imho. DYOR. Good luck all

I read this on twitter: “To achieve a multi-bagger in the portfolio, you have to hold a multi-bagger in the portfolio. Don’t bother finding them if you can never develop the conviction to hold them.” 120mt of 1.8% Cu if mined at 40mtpa is three years material. 720kt per year copper. Catapulted straight into the top ten copper producers in the world. That’s 5 billion annual revenue for the first three years, at current copper prices. Still think this has feasibility issues? DYOR. Good luck all

DG: I think the amount of high grade core matters, it’s position matters, more than the total tonnage (which we all know is massive and likely several billion tonnes). The overall average is unlikely to hit .9 or cross 1%, because massive porphyries simply don’t hold such high grade over all. I posted previously on USGS studies which plotted average grades worldwide vs tonnage. The whoppers (>2 bt) are all of grade sub .9% except one or two. The high grade material will pay back the entire investment for a producer, the rest will be free carry. Just my humble opinions. DYOR. Good week end all :-)

This will soar when news drops! Lol

The bold/ambitious plans/business projections announced by previous bod were made pre-maturely and turned out to pie in the sky. Very painful losses and brave investors still holding! But this time, the sector appears to be maturing nicely from different angles. This is apart from changes within strat aero. The draft drone bill will clarify/regulate the space, initiatives like Innovate financed five cities project (nesta concludes June 2018) the momentum we are seeing in terms of the new technologies replacing/supplementing traditional surveying (not just drone based, but P2U etc). DJI for ex getting its largest order to date for drone based surveying from a Japanese conglomerate, Highways agency, EA, insurance industry etc all looking at BIM and drones for their needs, flooding and climate change being sharply in focus....Europe too has issued new regulations for UAVs. Industry commentators are predicting that the UK drone bill will be more ambitious/give greater latitude to UAVs than its American counterpart. There appears to be political will and support to the UAV industry. All in all a near celestial timing to be in this sector imho. Just my two pence. DYOR please. Good luck all

Yawn...

https://t.co/JBh5qutTkv?amp=1

Wilky: Indonesia (and PNG, Solomon Islands) have a history of hostility towards mining, be it regulatory or land owners legal disputes. Indonesia considers its resources national assets (rightly so imho) and has pushed for nationalisation. Rio and Freeport have had their arms twisted into selling their stakes to below controlling ownership, to allow the state to get to 51%. From what I read over 2 billion invested, and hardly 1.7 b recovered. This quote says it all: �There is no doubt that Grasberg is a world-class resource. However, there�s a difference between a world-class resource and a world-class business,� Rio Tinto Chief Executive Jean-Sebastien Jacques said in April. 2017: Sumitomo backed out of a nickel exploration project in Solomon Islands. It�s a difficult jurisdiction. The only mine Goldridge shut down amidst unrest. It�s due to be re-opened. I think Solg sees great potential at the two areas it has applied for, BUT is struggling with landowners and the govt. Most recent MD&A: �In the Solomon Islands, SolGold has continued negotiations with landowners to obtain access to the project areas at Kuma and Mbetilonga. Currently the Company is awaiting award of these two tenements.� The two tenements Mbetilonga and Kuma were applied for in Feb/April 2017, so over 12 months ago! https://blog.nationalgeographic.org/2016/09/15/mining-a-better-future-for-the-solomon-islands/ Coming to Wafi Golpu, they are still waiting to see what the govt does about its option to claim a stake, harmony still looking at funding its stake (and had been thinking about selling its stake), and NCM also anticipated a cash flow drop due to the earthquake related closure at Cadia. All in all jurisdiction matters as we all know, so companies will move around to (perceived) safer jurisdictions. Against this background, Ecuador has a unique opportunity to portray itself as a �green light� pro-mining country. No wonder so many are scrambling for a piece of the action here. And no wonder Solg is creating so much excitement in well informed circles (except on this moribund forum) IMHO. DYOR. Good weekend all :) https://ramumine.wordpress.com/2018/03/14/newcrest-woes-bad-news-for-harmony-golds-wafi-golpu-project/

Hesiod: what a great post! Dilution goes far beyond just cash, can be used as a tool, and I agreed with PT at that point. NM may have avoided a cheap sale/a hostile t/o last year, we may never get to know. So many arm chair CEOs, amazing how we are always better at doing other people’s jobs in our heads, rather than our own. Always wonder what experience and success they have in the real world (of working with large teams, managing massive projects, creating value/wealth-not the same thing etc, how many of those skills/experience transfers to this sector). It’s liberty to remain unaffected. DYOR. Take your positions. Good luck all

Bythesea: no idea. I just noticed the change on the website today. I tend to revisit websites frequently, keeps me entertained whilst waiting lol

https://www.eoas.ubc.ca/people/nikolettkovacs Lead for exploration. To me this suggests we will scope additional land for prospecting, at some point in the future. Just my opinion. DYOR. Good luck all

Tbh Okenia has always stated it would be mid June, and I defer to his experience. I was hoping it would be sooner, and was pleased the RNS said April end (so did Tommy in the interview) but obviously it’s not possible in that time frame. I don’t begrudge them a few weeks, a lot of the processes are regulatory, out of their hands; but yes, stating end of April was too ambitious. Apologies if I affected expectations time frame wise. Anyways, we have waited over a year here, so let’s hope it all comes together. May be we can organise our own (cheaper) curry house and beer meet at some point. Good luck all

Hi Pinot, thanks for asking, yes I m much better. Had one or two epiphanies over the last few weeks. Health is wealth. The MD&A document from May 11th, states “both government and community permissions have been received that alllow next exploration phase to begin” (Porvenir). Similar statement ref permissions for Blanca Nieves. All going as per plan. Imho. DYOR. Good luck all

Cheers Farquar and good luck in IRR :-) I know very little about charts, but superficially the squiggles in solg and irr looked similar to me? Chartists please don’t butcher me for saying this lol I know they are at different stages etc and not really comparable.

Law: I m expecting a trading update before the actual FY results. Obviously the market wants numbers in black and white. Bitter investors are always wondering (rightly so) if there’s another raise round the corner. But this is essentially a rebirth. Most of old BOD gone. Renewed focus. I like TB because of his self confessed “ruthless” cost cutting. NB is from a scientific background and equally sharp. I see integrity: TB/NB not taking a salary till they turn it around. The other concern may be dilution via warrants. Some £76k left at .035 (218m), employee options at .06 (100m) then next warrant stop .225p. Big dilution at that level, but that’s a few bags from here, would we complain? All imho. DYOR. Good luck all

Any number of reasons. Those who watched Karl’s recent DGR presentation know they have a few unlisted cos, and several at different stages. I think one or two may be listing at some point. So focussing on DGR, other daughter cos and Solg may be Nicks priorities. VM is very much part of the inner circle (think he’s on DGR board) and capable of running IRR. All just my view points. DYOR. Good luck all

Lol I hated school bythesea. Let’s hope we pass with flying colours :-)

Tbh the results are for calendar year 2017, and many of the changes came about in Dec-Jan (ex debt sorted, offices closed down in the US in Q3?, BOD members resigned etc) Nevertheless, the previous board also spoke of cost savings, so it will be interesting to see what they did in the end. Historic numbers (could be wrong just my gleanings) for perspective: H1+H2 15: 4,180,769 (H1 16: 2,387,675 H2 16: 1,801,923) H1+H2 16: 4,189,598 H1 17: 1,448,180 H2 17: ?? So even if second half comes at 1.448m (ie same as H1) it’s some 1.3 m less than previous years. The real numbers will be H1 2018, but who has so much patience in AIM?!! This is a turn around story, and exciting times ahead if one can wait. Garys options require the sp to hit .1, so there must be a commensurate revenue earner contract up ahead. Then there’s gyrometric, which no one seems to talk about, discounted for now. All imho. DYOR. Good luck all

DG: I had a brief chat with DL last week, nothing specific but he was upbeat and remains positive. There’s a lot of processes happening in parallel, across two jurisdictions and time zones. UKLA related work prospectus etc, financing, transfer from capstone to us, filing a CPR, phase 7 mining plans to Yukon board etc. They are very busy and excited to get this finished. I m not going to moan here. It has been painful but we are on the cusp. 350m invested in the mine/mill. 100m plus turnover per annum. Lot of savings and efficiencies predicted. We got it for 37.5m plus equity. And our mcap is 2.5m. Interesting times ahead. Few weeks patience is all that’s needed. It should all be closed within few weeks imho. DYOR. Good luck all