Member Info for LWHL

Good luck for tomorrow. Nothing in the SP action here to signify anything in either direction. Just a market down day.

I will be reading the update carefully myself.

OSW: From a safer risk management perspective, that would be the way to go.

You might sacrifice some of the upside of course, but goodness me, unless you have a laser clear idea of the potential downside right now (I do not, but I have a rough idea) then adding now is a straight up punt, make no mistake.

Which is fine of course, as long as you do so with eyes wide open etc.

Alternatively, those posters suggesting this type of comment is made by someone who is trying to steal your shares (lol) - well, your call, just own whatever decision you make.

I would be absolutely amazed if they got a raise away at a premium to the price today. Even more so if an offer were to come at multiples of 20p soon, for example. Or a D4E deal that was not materially lower than the current range.

But of course, if this is wrong, then my sell earlier today will turn out to have been a mistake.

In my strong opinion, the odds are firmly in favour of being right about this, but hey, I am wrong lots of times. Maybe this will be another one. GLA.

My PAAS sale and Barrick side pot sale are not looking too daft now, although did not catch the top in either, sadly.

Same for my FRES trim actually.

Torn between wanting to see more of a pull back in spot prices, to reload all of these names, and not wanting to have the chance, especially in FRES! Ah well, what will be, will be. Powell speaking later I think. GLA.

Sensible view, Ashton. Hopefully you will see some cash come into the business via asset sales, or at least a tangible update, before too much longer.

I had a small position here from a while ago, which I took the loss on today.

I am surprised that the SP has not dropped even lower and faster, after these recent updates.

I had planned to stick with it, but either the BOD are trying to frighten people out with what I see as some puzzling updates (something that I would not wish to be a part of, however indirectly), or perhaps this is just a lack of retail accepting the reality of the updates and thus further severe falls in the SP are imminent sooner or later.

A take out, even at the current price, seems extremely far fetched IMO, but of course time will tell and I could be wrong.

A shame, as I had liked the potential recovery story here. Had a few profitable trades along the way, and should have kept it that way, rather than leaving a few in the pot as an investment. Hey ho. GLA and I hope it comes good for those of you who are on the other side of the trade.

Ah, John Meyer. A voice perfectly suited to TMS. Working in tandem with Aggers might confuse the listeners though.

As for his stock picks: listen to 'mining sector stock tips for 2020' (SP Angel 27 Dec 2019).

One of several reassuring commentaries on Bluejay, all of which, at the time of print, have been an absolute disaster for anyone who put money here.

Would be interesting to know if he remains bullish still on this one (and on BMN for that matter, which was also one of the gems he picked in the video as cited above).

That certainly is a splendid phrase, although I reckon that you would do well to get yourself a tin foil hat here...find someone to swap for your rose tinted glasses if you can....and put that saved money into a stock worthy of investment :)

Gallows joking aside - good luck to you and your fellow longs. If a miracle happens, at least I might be able to take a smaller loss on my rump holding left here.

Mainly people/traders exiting before the update IMO.

I would have trimmed if we had seen 84p or so myself before Friday for similar reasons, although fairly relaxed at the time of print and will take a view after the update (assuming no spike before then). GLA.

All things considered, including the cash position, would further acquisitions be welcome though, Ashton?

IMO, you would be better off selling the non-Disko assets, as the BOD have said they would back in December, if memory serves correct, and then, should these sales result in a strong cash balance, new acquisitions might then be more logical, to my mind anyway. Especially in a challenging lending climate such as this one.

The risk of biting off more than one can chew comes to mind here too.

But look, you seem to remain bullish and good luck to you and fellow holders.

Thank you for sharing your detailed thoughts, xx, but unless Stal come up with the cash in full and assurances that the prior agreement will also be honoured in the event of further successful progress, then all the other stuff, including Chronos, is simply noise, IMO.

If anything, this recent stuff underpins the theory that this is a fully fledged lifestyle company and nothing more.

The tiny inside buys - when we have not even seen any large inside buys in the past either - and at a 1p price no less - is a joke. Sorry, but I just do not buy it. And nor does the market, by and large, it seems.

If Chronos really was worth many multiples of what they paid for it right now, then why would the directors not have loaded up? It would be an absolute no-brainer to do so, surely?!

Take into consideration their longer term track record here as well, the Juv debacle, a number of other questionable statements made here and there in interviews over the past couple of years (and more)...well, IMO there are far better punts out there right now, let alone investments, which this one cannot in any credible sense be called. GLA nevertheless.

It does not really have a base value of 5p though.

Anyway, it will be interesting to see what, if any, TR-1's get printed in the days ahead now. Especially to my mind if we see any further ones from I.K.

What to say? This company remains a real head-scratcher.

At least holders have an update on Dundas I guess, although this looks like a lot of road still ahead before any kind of destination, to my mind. No progress on selling this, or any of the other assets, one can only presume.

It will be interesting to see what the market makes of this and whether they interpret it differently to current or former holders that feel mistrust or at least cynicism, based on our experiences in this name.

It will be interesting reading the differing opinions today. GLA.

It just ran up a bit too quickly and some technical indicators led to a slight pull back IMO.

See how the next few days go. Fingers crossed etc.

I think for the likes of the majors, they (with the support of their shareholders) position themselves to be ready to move quickly when the opportunity presents itself.

It is in that sense, an affordable numbers game for them. Not to mention the quiet benefits of building and retaining governmental contacts/networks, which neither they, nor I suspect, government officials in the various jurisdictions, deem a waste of time.

They plan in the decades ahead, and have the financial means to do so. Unlike the pre-revenue explorers.

If Kobold go ahead and drill, then fair enough about it not necessarily mattering who walked away from who back then.

My interest in JAY is not intense. As a former fairly long term shareholder, which I have been fully transparent about before, I guess I just want to urge caution to potentially new or even existing shareholders about this outfit, who, for whatever reason, may have overlooked the massive number of red flags here.

And provide some counter balance to the bullish comments which generally outnumber the bearish comments I think.

But I will leave it there now and await news on Disko or the asset sales.

I hope that you and your fellow holders at least keep chasing the BOD for clear and specific updates on this (and the cash runway IMO). It is your company, after all and they are meant to work for you. GLA.

Totally forgot we have an update on Friday. IMO one can pretty much ignore TA in that case. Just going to sit on my hands and wait now, rather than buy more sub 80p if the opportunity arises again, for this reason. GLA.

So, if this basically means a CVA, then how can the alternative realistically be any worse, as far as ordinary shareholders go?

And another one of those media speculation RNS's. The SP was not acting in a fashion that suggested a need for any comment at this stage IMO. Just get something done and stop messing about, is what I imagine most shareholders want now. Dreadful stuff.

Had a 77p buy order but it did not hit. Nevertheless, cautiously optimistic at the SP action since the opening.

We could do with finishing the day above 82p though IMO, or it is possible that we are going into a new, lower trading range for a bit, where that 80p ish level might start acting as resistance rather than support. Not that I am concerned at the time of print, but from the perspective of the trading tranche, I would like to be able to take profits on it sooner rather than later of course :) GLA.

I was being somewhat flippant with my lol comment. I understand the pretext of additional listings. As the history of this company shows, there have been plenty of incantations and I am sure there will be more in future.

Whether any non-employee shareholder ever sees a return on any investment in any current or future listing, is an opinion that we will no doubt have to disagree on.

To your point about AA: Yes I am, although I am not sure whether it was JAY who decided to go with Kobold ahead of AA. I remember lots of confidence and excitement over Rio and Dundas. And shareholders were led to believe that was a shovel-ready project, in case anyone here has forgotten. The track record of this company speaks for itself.

Furthermore, AA's willingness to pay those licence fees does not really signify much. These big boys have deep pockets and to them such things are pocket change. If having such names on board or in partnership offered anything solid, then CHF and presumably HZM would look somewhat different. There are plenty of other examples over the years, too.

Not suggesting that traders might not be able to make profits in any of these names, including JAY at one point or another, but you have made clear that you are fundamentally an investor here, Ashton and so I approach our discussions from this viewpoint, not greater fool theory trading probabilities.

FWIW, I am not a shorter, nor looking to get back in here cheaper than the current price etc. GLA.

If KoBold are going to drill Disko this year, it will need to be announced, and work commenced, PDQ. Mid April already, tick tock.

If Kobold does not, then why would anyone else look to partner up here? If it is that good a prospect, then why would K take the risk of losing it?

Point 3: Similar to point one really, although less excuse if they are not relying on a third party to do the actual work.

Point 4: Will JAY actually succeed in getting anything for any of them? I voiced my doubts on this a few months ago I think it was, when some of you were putting forward your own various calculations. Sure, it takes time to negotiate stuff, but based on the track record of the BOD here...where is the evidence that they have pulled off some terrific asset sales beforehand?

Point 6: Why the need to keep opening new listings all over the place? Just use the current one, lol.

Point 7 is the easiest one to answer. Barring something unforeseen, like a miracle perhaps, involving some of the above happening to deliver some serious upside, then it will continue to involve heavily discounted placings, before perhaps one final death spiral finance deal, when no more retail money can be squeezed, and then pop.

At some point, the words of these directors need to actually lead to some solid outcomes. This is hardly a young company, for goodness sake. GLA.

The difference being, the quality outfits and the rubbish/dodgy ones, pretty much all exploded to the upside before the crash.

Then the strong ones like Microsoft and Amazon did what they did. A few others managed to survive, but never got back to being close to their pre-dot com highs. And many went pop of course.

I am amazed at your continued enthusiasm here, Ashton. It is against all logic and weight of evidence that suggests your faith is entirely misplaced.

Q1 has come and gone and no update on the asset sales, Disko drilling plans (or anything), cash runway etc...but they once again managed to find the time to award themselves another chunk of the company, should those strike prices hit.

Some of you may be seduced by the strike prices involved in this latest round of awards, but I would suggest caution.

They often do not get met. Unlike the generous salaries, then further discounted raises and a new round of options. Have a look at some of the historic RNS's to this end. Not even that long ago remember!