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Im sure it does. Guessing between driving that drill into the ground himself and using invisible ink to write up the reports he likely reads LSE's comment sections for tips on what to do with any pocket change he has, which if he uses your method he will find a dud company which he thinks is going down, then invest in it and enjoy every drop like a true DL mentee.
Nothing as strange as folk I guess. You hold but know the gold is rubbish and we are having a share dilution? Enjoy predicting your profits will go down? Yes, that makes sense....Each to their own I guess. Maybe not the investment plan a lot would pick, but hey, if finding shares you think will tumble then holding them is your thing, then thats your thing I supose.
Good job you sold all your shares then Daza right otherwise you would simply be holding waiting for them to be diluted, which of course you wouldnt do unless you hated money.
Not trading advice but if you used all your winnings from here you could invest in a watch making company to see if they could give you back all the time you've lost posting on a board you own no shares in.
Maybe Bernie has a watch company in his pocket fresh for some investment. At least then you would be right twice a day.
Dont be silly Lav. Didnt you see Bernies RNS where he has said, I got a plan guys, im going to short the stock as I know it needs to get down to 0.0001. His endless drilling of the Nielle mine is all apart of the grand plan.
Then when he can really prove we only have high grade gold and not super duper cherry coloured gold, he is going to sign a JV giving away 99% with the partner being Spandel Ballet, together they will always believe in GOLD.
Your point Ledzep certainly highlights how badly this has been handled.
You know something went wrong when a lot of your long term holders have had enough as they arent your fickle get rich quick investor (although nothing wrong with that), us lth's have endure a fair amount and still kept the faith. We have sat through raises which excluded us, dates put back several times, big rises and big falls of the SP, but stuck fast as we believe, this time though the mess and lies seem almost to in your face.
Tim shouldnt be given a Directorship, he should be standing down straight away or forceably removed. As you said previous I doubt DR kept the stages to operation a secret. Even I knew the stages roughly, just as it seemed so out there I expected it was taken into account when Tim said Q4 2021 is delayed until Q1 2022 recently.
As for his explanation for the delay, wow, a real politicians answer, pretty much dodging any real info.
Lets be frank. PHE are at PEELs knees. PEEL not PHE decide timeframes as its their unit and PEEL dont need to rush it as its last part of Protos project. Thats the real reason for the delay and one I would actually get. Not all this mumbo jumbo about all of a sudden they realised they mighy need to test the thing.
The raise? Again, lets be honest here. Long lead times items? Maybe one or two, but real reason? To pay their wages as they knew their was going to be a big delay to income. Again, I would get that.
PHE, stop with the lies.
For me the long and short of it is PHE has a lot of work to do to regain my investors trust before I start believing again what they tell us in the future. Tim Yeo has lot my current trust, which is in many ways a shame as I have backed PHE fully for some time and I do love the product.
Mam, your less than comment refers to underground mines NOT OPEN PIT. 0.5 is the cut off point for low grade, not 2.5. 2.5 is what people talk about when looking at underground mines.
Plus Lav has a point about edge of mine.
Thank you all for your replies. I do understand the logic that Tim is the perfect fall guy as only a temp CEO, however it must be noted he was voted into a Director position at the AGM so its not like he is leaving the company after recruiting his replacement (I think).
I too am ok with the timeframe of POC and also believe tgis will be the point we can start signing more deals, however again ok doesnt mean I am happy about how the company went about this. I don't believe for one minute any of this was suddenly a suprise to them and that no one in PHE knew we would need to test the unit etc. All of this would have been known and I fully believe the company mislead us investors on purpose. We were clearly told Q1 2022 by our CEO, with a delay possible, yet the reasons for the delay dont cut it at all as mentioned. A raise was held with the main reason given as stopping a delay.
I feel the company, led by its CEO directly lied to us PIs at least and that my friends is never a good thing.
Clearly a lot more going on behind the scenes than we are told, i.e. dragging of feet, poor management decisions etc.
Our marketing is very lacking at present. Almost no one outside of aim shares knows about PHE or the fact it could help rid the world of certain wastes, however I do get why. Focus is on FOAK and not marketing. At this stage the company I guess doesnt gain from more of the public knowing about us as PHE isnt selling units to the public,so its a cost with little gain.
With our model its our customers who will need people to know more than we will.
I dont see how you can say nothings changed as though the date change isnt important.
Its MASSIVE. Right now clean energy is a fast paced game. Big players taking stakes a lot more.
12 month delay might lose you the market.
It might not either,but you cant pretend it doesnt increase risk, when it does.
Lets go a bit wild here and silly, FOAK for PHE now delayed 100 years. You telling me that wouldnt matter? Of course it would. Extreme yes but highlights the point.
Timeframes are ALWAYS one part of what makes a company successful. Not everything but still important.
And thats a fair call Daza, it is your money afterall so dont think anyone could or should argue someone into staying or holding when they dont like the results.
No doubt you will sell as only a mad man keeps stock of a company they know is going to fail and while most might not miss you, some no doubt will so good luck with whereever you invest your money next.
Are you Cherry picking? What was highest from RC drill not Aircore? That would be cherry picking too.
As a balanced look, the RC drills provided high grades. The Aircore results werent as good in my view when you convert them from bbp to g/t, which I think you will agree with, however not aweful.
We have had g/t and bbp results for Nielle of late. It has been posted up before but open pit is cheaper to mine than underground and therefore what is deamed high grade is less g/t than what underground g/t would be needed.
Open Pit:
Low grade 0 - 0.5 gold grams per tonne
Average grade 0.5 - 1.5 gold grams per tonne
High grade 1.5 + gold grams per tonne
Underground Mine:
Low grade 0 - 5 gold grams per tonne
Average grade 5 - 8 gold grams per tonne
High grade 8 + gold grams per tonne
'Bonanza' grade Troy Ounces (31.1 grams) per tonne
https://www.bullionbypost.co.uk/index/gold/gold-grade/
Worth reading that link. The oz grading as posted by someone else comes from The World Gold Council.
Make of that what you will and if you work out our bbp to g/t if you think its high grade or not. However those are the details so you can do your own DD.
To be compared to GGP we will need the resource update to happen.
GGL is a 4mil oz project. I think at one stage they thought it might be as much as 10mil oz, although they have focused onto one area more now in Haverion.
We are at 280k oz. That is a massive difference. Of course the results so far show a much larger resource,but how much larger than expected we wont know until they update.
1mil plus would be epic and possible, if not a little ambitious.
Hi Lav, only my view and I beg no one to trade off it but I think our Gold will in time match our Lith. I am very keen on the two mines that make up the SLAM project and Dab too. The SLAM project we as KOD havent really even started on but there locations are promising.
Lith as you say, is going up in price and adds a lot of value.