Member Info for MrH_m

That’s too secret

Don't worry about the rain, the location is on the top of a steep hill. Bar another freak weather episode (very rare), they're good

This is still being held back for background buying Fergal - if they dilly dally too long the worm hole will close. Meow

Haha not yet. BUT, in related news @GolfTDI is on the cusp of coming on board (he wants to chase some rainbows first while he waits for the next news) so will prob be worth unfiltering very soon. Will let you know when the big day arrives :-)

Golf - that 20k yours?

Don’t tell the MMs !

That’s fair! Honestly? I just think they didn’t have the funds to do it all properly back then - they do now and it’s full steam ahead

Exciting times ahead :-)

Listen, it’s dragged on longer than anyone wanted. But they couldn’t just start digging the tailings! They need the paperwork, Peruvian permits, tests etc done first or the whole thing gets shut down.

That’s what the feasibility’s for, doing it properly so when they go, they can actually scale it. More patience will be rewarded (as I say to my kids).

I know Helx2 - I was trying to be ultra conservative so as to avoid the inevitable kick back on my projections. Even as a min / conservative we are substantially undervalued

Nothing fancy, just rough calcs based on what’s already known:

Bonanza/Morrocota restart – about 30 tonnes a day, averge 8g/t, 90% recovery. Comes out around 2,500oz a year which at $4k gold is roughly $10m revenue. With costs around $1,300/oz so that’s $6-7m margin (conservtive).

Tailings – around 200,000t at 1.5g/t, 80% recovery gives about 7,700oz recoverable. That’s $31m gross value, take half off for costs/tax and still around $15m profit over a couple of years, say $5m a year.

Add it up and you’re looking near enough $20m rev and $10-12m cash a year once both are up and running. For a £2-3m mcap that’s massive. Mkaes sense with they’re pushing the restart and tailings study so hard. Further updates to follow shortly I expect ....

Hope so

The feasibility study will be £400k+

Morning Golf - simple - they understand there to be a lot more value in the tailings that first thought; so they are doing things properly to max revenues 👍🏻

And from previous discussions with Stephen and Christian, they unanimously agree across the board that the previous leadership were too slow to deliver mining results, a situation they are actively rectifying. GLA

For the very few STILL shouting “death spiral”… maybe take 5 mins to actually look at the deal. I mean come on guys and gals!

The Yorkville setup here is nothing like the old AIM fundings folk keep banging on about. The guy who used to run their UK arm left ages ago (he’s at Riverfort now) and they’ve mostly been doing deals in the US, only just coming back over here. Not even the same crew.

The structure says it all tbh - it’s unsecured, the equity bit was at a premium (0.44p) and the loan converts at a fixed 0.51p, not one of those floating “VWAP minus 20%” jobs that bleed a share to death. It’s also capped at £2m and runs over 10 months, not some open-ended money pit!

Both Zeus and AlbR are FCA brokers – if this was toxic they’d have run a mile. Some in here claim to be auditor(s) in a former life, so they will appreciate that at least!

Yorkville only make money whem the company delivers and the price goes up. That’s literally the opposite of a death spiral.

Only one way this is heading and lots of news to push the sp due over the coming days / months.

GLA

(re-posted in case it was lost in all the chaos)

😂😂😂😂

@ SteveE60 - what happened mate? You used to be the no 1 ramper of this share back in the Echo days, regularly taking shots at Ranger et al …

SteveE60

Posts: 3,443

Price: 0.00

No Opinion

Invested but not as bright as others

20 Sep 2024 11:49

I do wish people would recognise that some of us have put a good chunk of change into this new venture and does effect us although I speak for myself When you just spread fear and negativity does it need to said ? Do you enjoy Seeing your fellow man or woman lose some of there serenity please think twice before posting if I lose I lose ànd the if my gut was right let me enjoy the moment peace to all and wish you all well

SteveE60

Posts: 3,443

Price: 0.0028

No Opinion

Dear ranger

18 Sep 2024 16:26

Please teach me how to make money your lack of humility whilst travelling around Europe suggests your a genius you don't have a family friend called trump as you sound similar

SteveE60

Posts: 3,443

Price: 0.003

No Opinion

Good entry level ?

18 Sep 2024 09:38

Cdf and chadster please leave me some stock I only have in excess of 250 million of these golden beauties how many more millions do i need to declare a tr1

SteveE60

Posts: 3,443

Price: 0.0027

No Opinion

Yum yum price

16 Sep 2024 15:29

Just bought 2800 pounds over 1060000

The UT won’t define tomorrow’s opening. Tomorrows another day + this evenings further RNS should come into play

What SHOULD happen is that we are at least 30% up on open. But, ‘if’ there more buying behind the scenes they may hold us back for a few more days to assist liquidity