Member Info for MrTriumph

MFM

Best post of the week award to you Sir?

Everything you say is pertinent to bzt but our current management team seem unable to move apace and this is duplicated by the other interests this management has? All jam tomorrow laced with bull and more bull.

New management required here I think and PDQ!

Mr T

Irish

"The frustration for me is the awful lack of news flow and updating"

I think you have hit the proverbial nail on the head!

This is the view of the majority here, although lets be perfectly honest, there aren't many left.

I suppose I'm trying to portray exactly that sentiment Irish, to think we have a mine ready to go with some smallish finance package required and we hear next to nothing is what I feared many months ago! would happen.

I think CB needs to issue an update as to where we are at Hope what we are waiting for and a timeline of forward events. Surely can that be so difficult??

Mr T

we have had 2 rns's pertaining to hope over 3 and a bit months?

the first on 25th june regarding the awarding of the licence?

remember we had been diligently working behind the scenes in anticipation of the licence with the inference "we would be ready to hit the ground running" once the licence was issued.

we then had the processing plant rns 14th august?

nothing else?

yet we are expected to believe these government like statements ie all bull****!!! that we are ready to go, just choosing the finance package to suit??? but we have allegedly had these offers on the table for months? so presumably whilst we are deciding, these packages have to be constantly updated, amended due to changing world financial status, interest rates, pricing, copper prices, etc etc!!!!

so what is the real story?

we have already started selling down our blackstone investment, why not sell the lot and use the proceeds to finance the hope mine!!!!

does anyone know what the level of finance required at hope is? anyone?

mr t

Cyber

I am aware you are a major shareholder but I didn't think that entitled you to inside information and posting such?

You say.

I think it will be a week or 3 away!!! That's a very accurate assumption? How do you know?

You say.

hopefully at least a couple of interested parties its worth spending the time getting it right.

So again you infer there are two interested parties ?

Again, how do you know there are two?

I've heard nothing to back that statement up?

I heard the word "several"

So to sum up you are saying by the second week in October we should have all the detail released on the finance package and full disclosure of the mining plan.

Mr T

Further update from Blackstone arrived in my mail box today. Interesting Saying Mankayan is under explored and could be much larger than first thought.

Now CB look at these guys, updates all of the time keeping investors informed and catching the attention of large investment outfits in this case Maquirie!! The largest in Aus!!!

CB come on for goodness sake.

Mr T

Banzai,

I've averaged down as much as I am prepared to do. I don't need a 500% uplift to break even but I see no reason for that not to be achievable if the numbers I have seen quoted for the mine once operational. My gripe is that nothing here is transparent and updates are rare unless trivial matters. The last significant update was the one I quoted to you but nothing else since. Now we see a sale of our asset, part therof of course, but why sell a piddly amount for a insignificant raise unless of course these funds are essential to progress Hope? I hope that be the case and we will hear something concrete over the next couple of weeks in respect of the financial package required to move the project forward.

What is required are constant updates in respect of Hope and a lot more pushing of the potential of the project to instill some confidence back into the share price and that will produce a lot more of a daily volume here.

Good luck also.

Mr T

Banzai

Fo you read the official RNS feeds?

Read the one 14 August re processing plant acquisition.

If you scroll down you will read about the funding at Hope.

Either finance or equity will be used or a mix of both?

That clearly indicates we will have to stump up some cash in line with the financier terms and conditions once agreed?

The share price is down some 95% over a period of years due to the lack of ambition, action, dilutory fund raises, etc etc?

If and when the sp reaches 500% from where we are now then I shall start shouting it from the rooftops tops snd get out my old rose tinted spectacles??

That will value us at circa 40M with hopefully still 5M of that accredited to Mankayan subject to CB not selling a further slug to fund his salary etc?

A 35M value accredited to Hope sounds readable with the numbers quoted once in production.

However it is taking an age to make progress, again!!!

Mr T

Banzai

The market doesn't look concerned? Well it's marked us down? Is that good though in your rose tinted world?

You say no raise will be required?

Can you post your link to that fact please on this board?

Mr T

it must be the 'bird" fundraising season!

fair old raise at glr 1.7m !

imagine if they were on the cusp of mining as we are!! what would the raise have been?

meanwhile back in bzt land we sell part of our crown jewels for a piddly 179k and for what?

either we go all in and cash the lot in to part fund hope and get on with it or are we now going to see the gradual erosion of the investment to achieve fa?? and will not know where the cashed proceeds are going?

all good financial planning behind it i'm sure and cb will no doubt be on the roast **** shouting from the rooftops just what a brilliant move this is? mbfaa!!!

mr t

Pricey

Hear hear!

And now we sell some shares to effectively keep the lights on!! 179k!!! Did it states the reasons for the sake? Of course not. So can we please be informed as to why we need 179k

I said funds are required it's not rocket science just look at the timescales re previous raises and it becomes apparent?

However more than 179k is required?

Could it be that a funding announcement is imminent which includes a raise? Or is this yet another delay ie enough cash has been raised to sit on our arses for 3 months and do sod all?

Make your minds up?

Mr T

Heading to nearly 2 months since that was the plan!!!

Hopefully it is still the plan and the news can be rolled into one and will encompass a cash raise as cash will be required anytime soon as I keep repeating.

Last raise December 2024 560k plus 150k from the Eureka sale, but if things have been progressing then that will have almost gone? I look at previous raises and one is due.

Now hopefully, again, CB can start doing some promotional work and possibly investor roadshows to demonstrate the potential at H & G to then move the sp significantly higher pre any announcements?

All this is perfectly normal company procedure if you have a project ready to go??

Mr T

Mikee

I don't think I did refer to a forward sold placing?

I think you made that up.

I said a placing is due, any time soon?

Look at the last placing and you will see cash will be required any time soon?

Hopefully as I also said it can be rolled into the overall financing package to fund Hope? And also it can be a much higher price than where we are currently!!

Cash is required and the interim statement will be issued shortly which will coincide with cash requirements. I'm hoping that we do not have to raise at these levels? Much better at a higher share price.

Mr T

Don't worry it will be up by 100% shortly!!!

Mr T

Pricey

I'm afraid we seem to attract some eejits on this board!!! They don't seem to be able to think?

Mr T

The last raise, December 2024, shares were issued to the Directors to preserve cash which has been the case on many fund raises here. The last raise was at .02p so at least we have moved up a little since then but note not by much? The sp was obviously higher than the raise price.

The next funding will be be for primarily working capital as any income stream is still in the distance?

I hope it will be rolled into the finance details of the mine, but at the current price any significant sums raised to finance the mine will mean huge dilution.

Let's hope that either most of the finance will be from outside sources or the sp will be significantly higher than today's price to reduce dilution and significantly increase the amount that can be raised?

Mr T

Flipper

Good points.

But usually with a raise in a small AIM outfit the sp falls below the raise price so you can fill your boots then!!!

Mr T

Not very clever are we 8ead?

Do you know anything about a PLC? How they operate financially? When and if they require funds? Have a think old son see if you can come up with the answer.

Hopefully here any raise will be rolled into the big RNS we are awaiting ie Funding and the dilution with therefore kept to a minimum. My belief is that funding will be required very soon based on the last raise and timescales? Do you know the monthly costs involved just to keep a small entity listed on AIM?

Go on see if you are clued up enough to answer the above points? Rather than making inane comments and insulting comments to other posters?

Mr T

Who is George? Mikee enlighten us please dear boy?

Tree shake this is, really on no trades and nobody is buying?

God you learn something everyday from these experts?

Mr T

Mikee

Talking of previous posts can you enlighten us " who is George"

Mr T

8ead

I don't think you can think old son?

Ungreenboxed me? WTF?

Read my posts and put small brain in gear?

I said Should be double digits??? But it ain't

I have said previously that a placing is due?

Do some research old chap and review when they arise and think then "Will we need some cash"!!! Obviously if you can?

Now greenbox me again.

Mr T