Member Info for MaltLoaf

For all we know, AW could be an absolute amateur spunking his way through inheritance funds. AW post: 20.10.2018 'gwmo - 'My thoughts' 'One of the questions I've been asked over the last few weeks is am I selling down my shares and I have not. I also have no immediate plans to do so' 26.10.2018 'I am selling' ' Today I made a difficult decision to sell some of my shares a significant loss after I sent one final offer to the company to appoint me a a director' On one hand he is describing that he'll work for the benefit of the shareholders. On the other hand he is a 'pull the ladder up' type selling down with no consideration for fellow shareholders. Who said sociopath?

This is such a paradoxical situation. AW is openly saying that's saying he's not sure if he'll hold or sell, effectively stalling & devaluing his existing holding. If he decides to increase his holding, the shadow of his methods & motives will be impossible to shake off. Is he openly using his influence to achieve something for himself or for others?

Oilriches, 'No reason for this to attract buyers at this moment in time' - the price is currently lowest price of the year. Would you see sense of investors to waiting to buy when the sp higher? Alternatively, If punters are prepared to dive in at lower prices, does that not reason the case for potential here?

Kezzman, the latest drilling update is very meaningful. M2-042: ''Casing the highly fractured caprock' : the extra time spent casing to a depth of 224.6m. Now the drill bit is at 253m. That's a distance of 30m (93 feet) between depth of casing and drill bit. That may indicate that the drill bit may be now past the highly fraction caprock section. The highly fractured caprock may also have slowed down drilling because it's highly porous and would have absorbed lubrication water in the drilling process. And towards the end on the RNS: 'Could also result in the need to suspend further drilling until March next year' - this is giving you worst case scenario, interesting because if drilling WAS suspended due to non-completion, then there is no reason why they could not continue on the same drill (M2-042) in late January (as they did in 2018). Instead they are giving worst case scenario of completing drill with unsuccessful results and then having to carry out more technical scoping early 2019 and moving rig onto new target.

Let's put this is into context. The 2018 drilling programme on M4 & M2 commenced in January (not April). There is no reason why current drilling cannot continue until early December and the 2019 drilling start in late January (as it did in 2018), permitting extreme weather conditions. Mineral county, Nevada haa similarities in climate & weather, with areas within Spain & also Iran! These in NOT Artic like conditions. Not comparable. And remember, the mineralised diorite intersect is (just) another 100 metres (currently, drill bit @ 253m). IMHO: the remaining 100m to core sample could be drilled in 45ish days. GLA, DYOR.

Will 1734 Not exactly Will. The recent update RNS describes that the rate of drilling progress has reached 250 metres (projected intersect with mineralised diorite at 360 metres) and this leaves around 100 metres left to drill for core samples. There is some ambiguity as to when the 2018 programme ends. Last year, o'keefe contract drilling commenced in October and continued to year end (with reduced water duty - zero night temperatures). The 2018 drilling programme commenced in January. This leaves me thinking that a cold season shutdown may be in the region of 40-50 days (shutting early December 2018 - commencing late January 2019). It's taken 2+ months so far to drill 253 metres, a rate of around 100 metre per month. Now where looking at this reducing to closer to 50 metres per month, due to daytime work only.

Max 19 According to an RNS from last year (operation update, 14th September 2017). O'keefe Drilling was planned to commence on M2 & M4 in October 2017 and continue to the 'end' of the year 2017 (December?). But in yesterday's RNS they used term 'race against time'. If its until December we have to drill 100 metres, then that doesn't seem like major 'race against time'.

Jeremiah99 To add to my last reply. If a drilling programme has previously commenced before cold season ends then it is possible that the 2018 drilling programme could end after late November. Could they possibly hit the diorite intersect before then?

Jeramiah99 It's worth noting that the 2018 drilling programme commenced in January, before the end of cold season (see RNS, 18th January 2018). They use a system requiring less water, due to the same issues with freezing temperatures at night.

M2-042: Yesterday's RNS: 'drill bit at 253 metres'. August 8th RNS: 'Projected intersect with mineralised diorite at 360 metres'. This is means the intersect could shallower, deeper, or on the button. Is it feasible that the drill bit can progress another 100 metres or so before work stops due to cold season? The cold season lasts from November 21 - Feb 24th with cold & freezing, rain & snowy conditions.

A soggy chip the first to post: I wouldn't want to be out of this over the ......?

A perfect trading opportunity for the MM's to repeatedly walk this up & down, while no real news coming through.

The trial update reminded me of the old adage: 'bullshit baffles brains". They should have given concise info . Probably carefully worded by specialist PR teams that know precisely how to induce excitement followed by panic : /

Usually a late auction sell this size would be at considerable discount. But this appears to be at very high sell price (?!?)

Correction: shorters

A good sign when shooters appear to chuck in the towel: Time short opened: 10:53:05, 200K/ £29.6K closed at 14.8p, at loss £-)

On Bolsa de Madrid, this has now risen by 42.86%

From around 12.30 - 14.20hrs today, there were a multitude of round figure trades @ exactly 50.00p As soon as the less uniform pi buys cut in, the normal sp fluctuations resumed . ii's transferring?

From around 12.30 - 14.20hrs today, there were a multitude of round figure trades @ exactly 50.00p As soon as the less uniform pi buys cut in, the normal sp fluctuations resumed . Make of that you want

Northcoat has probably taken this opportunity to buy back in to this rather than short. Therefore he might not return to the BB until he has derisked and sold on a small profit. He may understandably despise rampers, but morally he thinks deramping is ok, especially on shares which may also have already lost him money. His investment choices & losses may have attributed to his pessimistic outlook on life in general.