Member Info for Manlord

Correct - Divi can be paid or pulled at any time prior to ex-divi day. It is at the discretion of the board and wouldn’t be a bad thing IMO being held back to shore up the finances.

Now to the troll question, it’s not that they believe what they are saying, the more they decamp and push for a lower SP the more frustrated they are at not pressing “submit order” a few weeks back. Rather than moving on to make money they have to fight & fight to avoid acknowledging they made a mistake not buying.

It’s really counterintuitive and totally bizarre behaviour but what can you do. Leave them to it and filter.

Good to see the base floor being consolidated at £3+, all forced sellers (II’s, virtue signallers & political) are out leaving room for us retail investors but mark my words, as soon as it is socially acceptable for an II to buy POLY, they will and in their droves.

Remember one important fact - the markets don’t have a conscience!

ML

ML

Could this push to 2p today?

ML

Yep and this news (absolutely excellent) I expected a good few to cut their losses and try to recoup elsewhere (POLY, POG blah blah) whilst savvy new blood enters along with the likes of myself that have waited so long (averaging down constantly) that we will now see it through for the Aussie gold to play out.

I actually believe that the next few trading days will be bigger than today is given some are clearly exiting based on patience, appetite to hold, need to recoup................

The fundamentals have never been better here and funded fully so that any talk of placings etc are not even up for debate.

Let's see how it plays out but it's all going according to Shaun's plans as of right now so I won't knock it.

ML

This hopefully is the start of everything that has been planned.

Exceptional grades

ML

Russian delegation announced they had agreed on some items:

mainly; pledges to significantly decrease military activities in Kyiv & Chernihiv.

Let's hope this is the beginning of the end for all involved.

ML

But finishes by saying he would not invest in POLY!

I’m a holder here but I hate seeing posts that are written to be one-sided in an effort to portray something that in reality isn’t the case.

Are people incapable of offering honest thoughts & open debate?

ML

On what evidence do you think that?

ML

Wants google to show a higher drop % with the last buy or sell - spending £2 a trade to do so.

Gotta love the tricks of the trade! (Pun used intentionally)

ML

This is true DavSen,

I did make that mistake years ago on BMN, was there for 3-4 years heavily invested and sold at 3p, 2 months before the rise to 42p.

That decision cost me roughly £500,000 which took quite some time to get over, but get over it I did. This is exactly why I haven't sold a penny here and have averaged down considerably. I do think all will come good here and from having hours and hours of discussions and calls with the BoD I do believe that return will come - My query essentially relates to significant rises (25%+) but I apologise if I came across as being negative - I'm getting old in the tooth but will also look forward to the big payday from our gold deposit :-)

Have a good weekend all.

ML

We’ll see gentlemen!

You may have to get used to a few false dawns!

Anyone buying because some bloke on a BB said he was buying £100k worth needs their head checked :-)

ML

You haven't missed anything.

This is being bought into on Twitter hype and momentum trading.

The story is exactly as it was and has been for the last few months (except we have walked away from something we spent a considerable amount of time on). As soon as it hit below 1p this was always going to be something that would trigger some buying.

I hope to God it continues and gets me back to some level footing and there are signs that this could be the case but as of right now this is a similar position to where we have been many many times only to have been let down hugely. Whilst this is great to see anyone who has experience here should air on the side of caution before being left with the bathwater.

I might seem like I'm here to deramp (trust me that's the last thing my EEE PF needs :-) ) but those that know me know full well my concerns and thoughts are based off a wealth of experience.

Have a good weekend

ML

Nice that a bit of blue creates a little excitement but been here maybe 20 times before over 5 years.

Don’t hold your breath is all I’m saying.

I’d like nothing more than to get the thousands upon thousands back but just make sure you throw your money in here for the right reasons.

GL

ML

What a sad excuse for a man you are!

Genuinely feel pity for someone who acts in this manner being an adult!

ML

Hi ShandyP,

In my view the tone was positive but definitely prospective, hopeful and cautionary at the same time.

As Burleigh said you would be best to decide yourself by listening to the full webinar.

No matter what the current status is I firmly believe that all the past missed deadlines and failure to deliver (with valid reasons mostly) is what is holding this back.

Great news if you are fully confident in the next plan for Menzies & Eclipse as you’re getting in with plenty of upside but after 5 years here I can’t afford to plough in yet again so it’s sit and wait.

That’s nothing to do with what was said, but rather personal experience over the years.

GLA

ML

Closing: EEE now creating new focus in gold fields, 2 extremely prospective projects. Putting money to best use with drilling targets. Important to realise where we sit now and where the next few drilling programmes leave us but optimistic Eclipse will extend resource for bigger mine plan. Menzies - area of many deals being done with small scale operations and we can do exactly the same. Have govt support and can bring into production. Shaun is positive we have two great assets.

Right that's all guys.

Happy enough with the updates and thanks to the EEE team for taking the time to present.

ML

Total expenditure spend on drilling, employees etc
Generally about 65% of spend is operational (drilling) with the rest being admin

Is current labour rate increase a concern?
Will have a knock on affect over time but biggest concern is fuel costs which will have a bigger impact. expect prices to increase but Aus dollar is still weak against pound & US $ so we have a hedge there.

Austrian Assets
No divestment as of right now but one very interested party (Australia based) seem to be progressing with international travel opening.

Is Menzies drilling close to historical drilling from Dela Costa?
5 holes close but none twinned. drilling within 50m radius which may or may not be close enough to see if we hit that shoot he did. We're stepping out to see what's happening to the N & S.

What constitutes take up of option on Menzies?
Assays and data produced is still prospective and we need to wisely chose where to drill to test targets

Shareholders bought late 2020 now down significantly - whats the plan as we did not hit timelines communicated?
Not walking away from Eclipse or think it won't add value, very hopeful of upside and connections to targets not previously identified. If we pull a bigger resource Shareholders will be happy we didn't go in with small scale mine which would have steralised the area. Confident they made the right decision and early 2022 will hopefully show that.

Andy M - Whats the success case & time frame for existing shareholders?
Gold explorer with Aus focus and secure assets for gold, hopeful to demonstrate exploration can deliver resources into economic mines. Roadmap from exploration to development to milling to pouring gold is extensive. lots of partners would be interested if we get a discovery. Junior gold producer is the plan - not a short term plan - 18 months +

My own question: Thoughts on last 5 years in this company as it is hard to believe anything will be completed given the history.
Moved into Georgia 2015, 50/50 venture Russian partner and spent $6m dollars and Russians pulled the plug so EEE in litigation. Uncooperative partner, lost time and money. Divested and that took almost 12 months so we are now planning to focus on new area and picked up projects and new team, new strategy and how we will get there. Disappointing for all involved but we came out the other side, fully funded and good to advance the company.

Jack T - Are you looking to explore the nickel potential?
Not at the moment

Andy M - Why EEE with so many good gold opportunities out there?
Good experienced team in EEE, areas are good addresses for gold and we are well placed to make a discovery.

Closing: EEE now creating new focus in gold fields, 2 extremely prospective projects. Putting money to best use with drilling targets. Important to realise where we sit now and where the next few drilling programmes leave us but optimistic Eclipse will extend resource for bigger mine plan. Menzies - area of many deals

*Option can be taken up using cash resources - GK made a specific point of that.
*In terms of legacy assets in Austria - maintained regulatory licenses for another 5 years. Discussions ongoing to acquire these projects and are for sale. No additional work planned by EEE, one group has done some extensive DD but with Covid restrictions things taking longer than expected. Hopefully a disposal deal to be confirmed in time.
*Catalysts - Focus on 2 exploration fronts - Menzies & Eclipse (significant upside). Demonstrated high grade and now drilling focus is there as we go forward. 9000m of drilling (80% in top 20m), drilling into fresh rock (80m-100m) we need to understand the area and how they link. We must find main targets and then go drilling into where our time is best spent.
*Menzies high prospective - 6 drill ready targets (RCD) but waiting on assays to pin point next specific targets. High optimistic of discovery.
*Selling Assets in Austria is also a focus - need to sharpen the company and move forward.

Boom in Australia - delayed assays, drill rigs, labour etc but 2 more drilling programmes in next 6 months. We are well funded and have cash to advance projects if we take up the option to do so. Shaun is determined to build a strong talent pool with specific skill sets.
King West Geologist (unnamed) has also been brought in to assist our gold mineralisation discovery quest.
If we find any other areas that we feel have potential we will try to add to our licence area as it is a well sought after address. Can build a substantial gold portfolio and look for other opportunities.

Questions:
Which Project is main focus?
Menzies

What did historic drilling at both sites say about grade & scale?
Open pit mine feasible but not doing so as small scale. High grade intercepts at Eclipse point to bigger resource than first thought so need to take our time rather than go in for small scale low margin pit. Grade and size too early to say but no doubts about grade allowing underground operation (See Kingwest update from near us). point being they can have it at 3g/t so we can also do so with higher than 3g/t.
@Menzies - good discoveries near us (100,000 oz) so whilst not mega profitable we would be highly optimistic about both targets.

What are the mineralisation characteristics?
Gold is located in the area, you see iron banding which indicates mineralisation

When are assays expected?
2-3 weeks if we can fast-track and have paid extra to prioritise. Database will be updated then.

How had recent appointments affected EEE?
Ed has vast experience in identifying targets in the region. Ed is supporting the team in strategic direction. Louisa is focusing on the science behind the geology and it all comes together to indicate geo's for chemistry. Essentially where is most prospective to drill next rather than just punching holes. Using their skill sets to build portfolio.

Excuse my spelling and punctuation - writing as I listen here. It is recorded but this is hot off the press.

*Initial focus for Shaun when he got his feet under the table on building a expert team and not paying 3rd party consultants. Ed & Louisa filled that gap and delighted to have them onboard. Jesus also used as technical advisor and fully engaged in Australia.
* 336m shares in issue with 5.7m market cap
* 75% interest in Eclipse, NE of Kalgoorlie. Looking for loads mineralisation running off major fault zone. Recent important work is looking at historical finds and within a few Kms were beside producing mines with solid grades. Still an under-explored area and need to get our data right before we head off in any particular direction. 754oz Au found @24.6g/t. drilling programme has confirmed presence of parallel veins. Very interested how these deposits are related and what controls this along strike length - where are we best served to drill next? The extensions of high grade zones but holes not drilled deep enough yet to know. What we now need to do is determine just how much gold mineralisation is present at depth.
*900m of drilling - whilst narrow it's high grade and deeper we go better the grades. How do these zones hang over our tenement so need to justify resource by using mining studies and we're very excited about the upside at eclipse.
* Further drilling programme in early 2022 to link up with Jacks Dream area. When continuity is found decisions to be made or larger ore body.
*Menzies - option to acquire 75% (expires Feb 2022) and main focus is here right now due to deadline and assessment of first drill programme. Excellent location and significant potential for gold loads and into production. Kings West latest update is near us and also Resources Energy also recently had positive news and all in close vicinity to us. Exciting prospect but work to be done to confirm a discovery of size.
*Area not only prospective for gold but also nickel and could be part of discovery.
*Historical Geo review, drone surveys, blast drilling, RCD (Dela Costa) all completed and now keen to see how it all links.
*2400m RCD completed - stepped out strike length 500m - Did trend extend N & S? Large number of nuggets found and now looking for extension from Menzies sheer coming through the nugget patch area. As we speak still collecting assays and data to be updated - announcement due shortly after for grades and intercepts.
*Results from surface Sampling were very encouraging - high grade zones hit, 5 holes in close proximity (stepped out 500m) with significant anomalies. Prime target (T1) parallel to nugget patch and indicates gold to the S-SE. Entire tenements covered by soils with depth undetermined as of yet. Keen to drill to see if we have an extention to gold trend and would extend the 1.8km gold target.
*Menzies - early phase but very exciting.
*paid a nominal fee + $500,000 Aus spent by Feb and hopefully we take up the option.

GG you know well how much I have supported this company & its board but I feel like any further support would be silly.

I’m not writing it off just yet but I’m slowly losing the will to care what happens here.

Hope you’re well anyway and I wish us well with some return for our long-standing patience (or stupidity :-))

Enjoy your weekend

ML

And not once in that 5 years has ANYTHING gone to plan! Just when you think they couldn’t possibly have another “change of plan” they hit us with this.

I’m all out of positivity lads and from this point I can only say sorry to all those I swore blind to that the constant changing of goalposts was out of our control.

I might have to admit that I was sold a pup! But worse still, I bought the pup and said it was a pedigree.

I hold millions but I wish I held none at this point.

Sorry for the negativity as that’s not usually my style but at this point I cannot stand up for the company as it has let me down time & time & time again.

I haven’t sold a penny just to be clear.

ML