Member Info for mikey9997

Basically we are either fully financed to get the mine to full production OR we sell the asset for many multiples of the current SP. To be honest, I don't really care which one happens, all I know is I'm holding and accumulating when I can.

It doesn't matter if the sale goes ahead or not, although I highly suspect it will. If it doesn't we have cash coming and sinosteel 50 mill to develop ourselves if we need it. Long term it might be better for shareholders olders to mine ourselves, but atleast some sort of sale of part or JV for a decent cash payment so it can be developed and shs get some benefit immediately is more likely

Well it's payday tomorrow, if it drops, just top up.

Thanks for the read Joey - nice to have unemotional, logical and factual posts for once.

I was speaking to some guy called juxtaposition about the prospects of this company. Can someone tell me where he is now? Thx

0.25p? Don't make me laugh. It's fine, don't invest. I'd prefer that we mine ourselves to be honest, the PD isn't going anywhere. Everything suggests, including directors that some kind of deal is going on or will be agreed. Given the size of the PD assets, that's fine by me.

"there is no deal". At the moment yes, but the two of the largest banks in the world are trying to get one. If we do, then the share will be suspended pending approval of it by the shareholders, hence locked out. I don't plan on being locked out when that happens.

We have shed loads of it. It all just depends on whom will be digging it out of the ground. There are very few negatives here fundamentally, only perceptions are negative. When that deal comes through, perceptions won't count for anything, only the big lump of cash in the company bank account to pay out to shareholders. Ignore the noise, hold tight.

Our assets get more valuble by the second.

Kalan, we have a producing mine that we are gaining 100% margin from, I suggest YOU do some research. The assets are so valuable to suggest this is going anywhere but north ultimately is just bizzare. Market gets played with it always happens, but nothing has changed since this morning at 4p. It's all noise. Lots of updates to come I'm hoping for a deal by end of Jan, but could land anytime.

Jez I agree in some ways but if the company is found to have misled the market then its at risk of suspension. I'm somewhat glad the company has made this declaration as it it clears out the people whom don't know the fundamentals of the company and what they are invested in. Or what the implications of the RNS are (there are very few) . As it has been said, its the company saying "chill out - there's no guarantees in life". But as we all know where there is such demand, there are very very good chances of a deal in the short to medium term.

In your opinion.

That RNS looks like the kind of RNS that covers the companies regulatory requirements and ensures that only the people whom actually understand what is going on are invested. Still in talks means we are still in talks, nothing else to explain. The Palladium isn't going anywhere lol.

Hope anyone that sold doesn't regret it on Monday. Oh no wait, I don't actually care.

Just checking in, I see the same posters still chatting the same crud. The deal is almost inevitable in my eyes, weeks, months, doesn't matter to me. At some point our projects will be fairly valued and I'll still be here when that happens. Not sold a bean.

Traders can do what they want. They do so at the risk of missing out on the big prize. Zero sympathy if they do.

All we do is wait. That is all we need to do. Picardy stinks of desperation now. Who tries to deramp a delisted share, honestly. I emailed CP recently and he responded in a kind, methodical but realistic manner which put my mind is at rest (we are on the same page for the prospects of Tally and wider assets evidently). Nice chap who is working hard to make this a success for SHs.

Can you feel a bid coming in the air ton-ightt oh lord.

Please :)

There's one phrase from that interview which keeps repeating in my head "they won't be bringing any kind of small deals" (Russian accent). Big few weeks ahead me thinks!

You are correct that TallyMoney Limited is not a FCA regulated entity in itself. It is as you say only and agent of Payrnet for the purpose of sending and receiving electronic payments. However, once the funds are received into their client account there is a direct transfer of cash for Tally (gold, a commodity). FCA regulation does not cover physical commodities and so at that point it is the LMBA approved gold vaulters that is effectively the 'regulator' as it were, which is also audited by the auditors. However the gold is insured to its full value and stored in a custodian arrangement. Once you own the Tally you will receive 99%-100% of the value of the gold back in any circumstance, even if you decided you didn't want to go throught the app and liquidate the gold, you would be able to arrange for delivery of the gold directly from the vault (see FAQs on the app). I see any short period of them holding customer funds as very low risk, especially if you are making small regular deposits and the majority of your holding is already in Tally. Hope this helps.