Member Info for Metalhead25

Hi DRB. Just catching up. I agree with your post and your four options. However, I suspect in reality we’ll get a combination of 1, 3 and 4 (if we don’t get 2). I can’t see any reason why a large enough buyer wouldn’t be prepared to make some payment in advance in exchange for preferential rates later. Probably not $30m though. I think a secured loan for the whole amount is realistic, if necessary, but would probably easier to raise if not the only source of funding. A placing for $30m would be hard but I think a smaller placing is likely (and to be welcomed as it’s likely cheaper for all of us than the other options and given the context shouldn’t hold the SP down). So I would expect some combination of the three, which sounds good to me.

I would much prefer us to do Hanc0ck alone rather than JV it. The key point for me is that if we do Hanc0ck alone we’ll then have the experience, contacts and cash to do Brockman alone. And if we can do Brockman alone, we could genuinely be a billion dollar company. Genuinely no reason why not. Got to be worth going for!

Seems like a great idea to me. Might not work but can’t see what harm it could possibly cause the diamond co (and therefore what damages could be payable, even if it were not really allowed)

KAV and Ben have been kicking into gear again today on Twitter, with various suggestions of more to come next week. Think we will shortly be getting a return to form comms-wise, after Ben’s illness

After reading this post I emailed TP and they said they were calling people who had registered an interest in becoming TP clients, which would entail hearing about any future placings in which TP may be involved (not particularly in relation to UFO). So while clearly this does not rule out a UFO placing at some point, I think it is pretty clear that TP are not foreshadowing one either. They’re marketing a service which is of a much more general nature. Hope this helps

I won’t miss him. Can’t forgive the shenanigans over the 2.7p investors. I’m sure he was effective in some ways but I’d rather have a CEO I can trust! Happy with Dennis Edmonds and looking forward to seeing what he can do

I think the problem is that the new owner is a flexible power company and (I imagine) is hoping for more than a rental income. Again, one wonders how Scott doesn’t see these issues coming. Sorry, Burwell makes me grumpy

Just reading through. Frustrating for me that they are now considering alternative land for Burwell. I raised that possibility with the company by email months ago and they basically said they’d thought about it but not much, because a grid connection is tied to a particular parcel of land so if you move to a new plot of land it’s effectively a new project. Now, if that’s right, the fact that we’re resorting to it now must mean the original plan is going pretty badly? Or, if switching to new land is a decent option, why was it pooh-poohed when I raised it ages ago? As I say, frustrating. I think they need to come clean about Burwell (as, in fact, Torreguas has been saying for ages)

Hmm, not exactly a “no” to a placing!

Understood, thanks.

Well I’m not surprised they were unable to say much about current commercial (and presumably confidential) discussions. Does slightly make you wonder why they thought a Q&A was a good idea, given that most projects are in that position! Still, we await the news that will put a rocket under this. It will be worth it

What was said to be 95% complete?

Interesting timing with the drilling of the main target imminent, but each to their own!

Nice one Dicko, thanks for putting in the effort to do that, and for sharing here

The 28 Sep RNS says 2 holes completed and then says: “Drilling remains in progress, with another 2-3 holes to be drilled over the coming months”.

Looks like 4-5 holes to me, hence my concern that it’s too limited. Where do you get 9-12 from?

Thanks Mike, that’s helpful. Do you have a source for the nine holes, of which four new?

Maybe Curzon didn’t have a flex business larger than that of its rival valued 4 times higher, and didn’t have 30 odd billion dollars worth of nickel in the ground?

Nobody knows what the price will be tomorrow or when the cheapest time of the day will be. The cheapest time today was 08:00:10 when I got a quote at 0.79 and stared at it for 15 seconds, let it go, regretted it. Then it was NT to buy, then 0.85. Such is life. Tomorrow could be completely different of course

Each day that goes by Monkey’s posting history gets more ridiculous. All posts on other companies have now dropped off the radar leaving 101 posts out of 101 on Rambler in the past month. Maybe he cashed out all his holdings and just bought a massive short on RMM. Yikes

Hi Gekko

Yes, we need an announcement that improves the profit and loss account, not just the balance sheet. Thing is, when that announcement does come, it should be dramatic

Hmm, share price has dropped c 15%, apparently on speculation of a problem as a result of lack of comms. Lack of comms now explained in a way that is not a concern at all for the future. What to do? Top up, methinks!

1. On other good news the SP has tended not to react in the way we would all like. But this time should be different. This time it’s a real and strong prospect of big cash flows not too far away. We should get a proper re-rate. If we don’t, I’m buying lots more. I now feel very confident that in two years’ time the SP will be at least over 5p, possibly a lot higher. I can wait. I can add. Very exciting.

2. In terms of pre-drilling expectations, the Brockman resource is expected to be over 10 times the size of Hanc0ck. Imagine if we’re sat here in a few months or a year talking about 200mt at $65/t profit (=$13bn)…