Member Info for myfirstmillion

Mr T,
If we're into production within 12 months as they talked about in the latest interview we may need no further dilution at all. All to play for here! This may be CB's thinking too hence today's RNS...

Yes Highside I concur, I think they realised they needed something more substantial to interest the bigger boys.

Shed fair enough given the extra cash to go for the bigger resource except that it has meant more dilution and at not favourable terms. I have a pet hate when companies over-promise and under-deliver or say one thing and then do another. We as retail investors make our investing decisions according to what we're told by the management. That is how trust is built up or destroyed. To say you're funded for all the major elements the inference is that there would be no need for more drilling. So have the management once again misjudged things with regard to the interest they thought they had? Then realised oh this resource isn't gonna cut it we need to make it larger. As I say it's another example of trust being eroded.

This blokes a c0ck plain and simple, along with quack a day they're a right pair of mugs. The fact he keeps coming on here shows how crap his own stock must be. He's more interested in BZT than ufo and for good reason. This is where it's happening. All the ducks are lining up to quack, quack a day will soon feel right at home quacking along with them. Smiller loves it here he sees the multibag potential and can't help himself. I'm sure he realises ufo has had it's day, he got spiked over there and is now well and truly stuck. He spends his days here dreaming coz it soothes him, I think he secretly dreams that one day he'll get out of ufo breakeven and then he'll be piling in here quicker than you can believe. Pity the fool.

If the current thinking is now that more drilling is needed before we can produce the PFS then why did they say a couple of years back that all the major elements of the PFS were funded? I wouldn't call another drilling campaign plus the associated assays a small component and without this placing we certainly weren't funded for more drilling! So we're they lying to us?

Nicely summarised EkXoc, I listened to the whole interview myself and would urge all investors and those thinking of investing to have a listen too.

This time next year we could well be in production in Cyprus but there are many near term value drivers too with our other assets and that licence renewal of the sleeping giant that is Mankayan.

I won't use the 'M' word but a quick glance at our current market cap measured against likely production output next year plus our other significant assets and it's plain to see where this could go. PADYOR.

If we haven't been able to 'sell' Toral that, in my opinion is the fault of the head honcho. I remember watching my very first presentation from LR after having already invested and it left me underwhelmed.

I could tell passion for the asset bubbled under the surface but it wasn't conveyed in a manner that the masses could pick up on. Everything was couched in very cautious (overly cautious imho) language almost as if he was frightened of saying the wrong thing and being admonished for it by a tutor.

I was left thinking if the asset is really as promising as the words he is mouthing why was the presentation so sterile? Why wasn't the passion in the project displayed with more er passion?

It's quite a subtle point to get across and difficult to put into words but many who have seen LR present should hopefully get what I mean. He's not the kind of leader to leave investors inspired, excited, hyped up for the asset and the ambitions of the management.

He's instead very factual, cautious, guarded and researched. Yes some CEO's over promise and under-deliver which is worse but you have to generate a buzz around the project or you end up with placings at subdued sub-optimal prices which is exactly what has happened.

LR's presentational style is one thing but as has been well documented their have been many other problems such as the botched scoping study (2 serious mistakes in 1), the now famous "I don't care about the shareprice" quote, the constant inability to get across to shareholders with real clarity where we're at and what the strategy is.

Multiple placings at significant discounts. Perception that institutions or 'mates' have got preferential rates. Failure to comment when we finally got an institution on board. Failure to deliver clarity on whether the PFS was or is fully funded (still waiting). Missteps with rns after rns.

The 'other funding options' comment, the 'value event' comment. Not informing investors on serious points like Sheds' 'deleterious elements'. In short a massive failure to communicate properly with shareholders what's in his head regarding Toral and where this company is going on top of some very dodgy 'promises'.

The latest massive dilution at huge discount coupled with the complete dogs dinner made of the new secret asset they wish to aquire in an unspecified country was the last straw for me.

Did it not occur to any of the board of directors that doing this without first explaining why Toral's PFS isn't finished and without talking in more concrete terms about the proposed acquisition that investors would be up in arms?
Maybe it didn't but it should have!

If you plan to vote through your online broker just be aware that it may take some time. I contacted mine yesterday and today was told that they'll pass my votes on to the relevant department but to allow 5 working days. Still in plenty of time for the AGM but if you was thinking of leaving it to the last minute, might be worth a rethink if your broker has the same kind of stipulation.

I believe those proactive articles are paid for, so a form of advertisement. I could be wrong but even with the in person interviews you can see all the questions are pre- prepared and companies make sure that the questions asked get all the points across that they want and need to. Nothing wrong with it but just be aware of what it is.

With regards to the message. Well I voted last night so it's a case of too little too late but had I not cast my votes I don't think this piece would have changed my mind. In fact I know it wouldn't have. It's another carrot of what 'could' happen and I'm not a rabbit. Yes ufo flew but to extrapolate one companies success and infer that the same thing can happen here just because some of the same people are behind it is foolish and disingenuous. Past performance is no guarantee blah blah blah.

Unless it's RNS'ed I'm not interested because there really is no comeback. Yes they could replicate the ufo success but equally as likely in my opinion we could be looking at another placing in 6 months to a year with another asset that needs cash AS WELL AS Toral. The worst of all situations.

Last thought and just to play devil's advocate, 'cash rich' does that describe the placing cash or something else like a deal for Toral? Yes I'm still clutching at straws again.

Anyway I've voted against all resolutions and my conscience is clear. We had to vote in advance in order for them to count and the company just didn't do enough to explain their strategy soon enough nor put my mind at ease that it's the right strategy.

Donkey if you'd just stuck to the facts then you would have much more of a valid point but that's not what you've done is it? You've gone out of your way to try and turf up anything and I do mean anything, no matter how tenuous the link, to try and cast doubt on or discredit the company while at the same time eulogizing other companies that to any sane person don't stand a rats in hells chance of succeeding! That is neither balanced or factual. It's malevolent and disingenuous. An unhealthy obsession with posters of some 5 years ago is another trait, I'm almost certain their postings must have influenced your investment decision and I reckon you got badly spiked at probably the all time highs. But that is no reason to spout your bile for the next decade when plenty of others are well under water too. You made a bad decision and invested at the wrong price. You 'got sucked in' as you so often say about others but it was your decision to invest nobody forced you donkey. So now you haunt the boards with this warped agenda. It may seem normal to you because it's all you've done for so many years but I can assure you it is a very unhealthy obsession. I know I won't change your ways you're more of a stubborn mule than a donkey but as long as you go on causing doubt and spreading fear I and others will highlight your distorted, tortured view of TLOU and the posters that you believe are responsible for your misery. They're not it's all self inflicted. You need to grown up and take responsibility and stop acting like a petulant child who threw his toys out the pram years ago but still needs someone else to blame coz actually admitting responsibility would be too painful for someone as smart as old donkey wouldn't it?

Donkey your post at 18:24 is extremely negative but unfortunately completely indicative of your attitude over the last few years. You purport to own TLOU shares but continue to downplay all positive news and highlight 'potential' negative outcomes that are either extremely unlikely or pure conjecture on your part.

Just dealing in the facts of the last few weeks. We have secured a 10MW PPA and have prior to that signed a heads of agreement with Synergen met for what is a very promising venture on the cutting edge of the green energy revolution. Hydrogen technology stocks have done extremely well and there's no reason that Synergens IPO should be any less successful. The fact that we have a $3 million dollar option to get in on this at the ground floor is fantastic.

Yes we still have to secure funding but all indications are that this is expected this month but odds on that even when that important landmark moment is realised you will find some way to paint it in a negative light.

It's very obvious and very tiresome. I'm in agreement with Brad on this one particular point, I think your vendetta against the company has, over the years done some considerable damage to sentiment here. I'm all for constructive criticism but what you've engaged in over the years is something completely different and very disingenuous in my opinion.

I've no idea cjen but I have just logged intention of my votes with my broker which they've promised to register within 5 working days so well in time for the AGM.

After hearing nothing from the company over this whole fund raising debacle and having no confidence in their new strategy of buying an asset of no specified metal in no specified jurisdiction I voted against all resolutions.

I hope we have enough votes to shake up this shambles of a management or at the very least fire a strong warning shot across the bows of this rudderless, captainless ship!

Akr you could try BZT it has great potential and a very knowledgeable shareholder base except a poster named Quack-a-day, he's mental.

"assuming some modicum of faith still exists!"

It doesn't! It did while I thought maybe a deal had been done for Toral but that has been shot to pieces and I have no faith in this new 'strategy' of some metal, somewhere, if they don't buy something that is already revenue generating then I think we're finished.

Topping up? The pair of you must be stark raving mad. I'll have several pints of whatever you're having!

So there was a deal that fell through at the last minute and now there's another deal. Sounds like bs to me to avoid getting voted out. How can you be that close to one deal while also stringing another company along?! It just doesn't add up to scrutiny.

Further to this we still haven't had an explanation as to what they intend to spend the placing money on. I maintain you can't raise an amount of money without knowing what your target is going to cost. LR said in that interview, several possible metals and many possible countries which doesn't sound like a plan to me! It sounds like a recipe to waste more time and more money as they continue to draw salaries.

What about the 2 questions I added cjen?

My plan is to stop them raising this cash for another asset when they seem to have no plan of their own!

The point I was making earlier was that we've all been living with 'digital' currency or 1's and zeros for some time regardless of what we call them.

We get paid straight into our bank account, we transfer money via an app, we pay bills via direct debits and standing orders and we spend with debit and credit cards. There is no real need for cash anymore, even some street beggars carry card readers! It's all 1's and zeros. Money goes in and comes out of your account but it's just numbers on a screen.

I know this is a slightly different point but I'm just prepping the case that digital cash is not some new fangled thing that none of us had any experience of.

Where has money traditionally sought refuge in times of crisis? Gold. What intrinsic value does gold have? Other than that which we ascribe to it? The general perception now is that digital currency in some form or another is here to stay with the way the world works nowadays with the online flow of money around the world I can only see 'Crypto' becoming ever more influential.

That is how I'd expect LR to describe Toral as he goes on his merry way destroying shareholders funds.

However (and I really hope he reads this), behind every fascinating rock, interesting metallurgy or mysterious 'deep structure' that he bangs on about there are investors that backed him and his team and have lost or are sitting on losses that run into the tens of thousands for some perhaps even hundreds of thousands.

I'd like to share mine. I've often stated it in percentage terms but that is pretty meaningless isn't it because I could have stuck £50 in.

I'm as of tonight down 90.32% in monetary terms I'm currently sitting on a loss of £76,938.98 or around half a years wages if you're LR or MC.

To me that is a lot of money. To those two perhaps not.

I just want to show that there is a very real cost to the actions of not caring about the shareprice, constant dilution and massively discounted placings to your mates and former colleagues.

I'm one investor, there must be thousands of retail investors also sitting on huge losses both from the fcr days and from euz.

This gravy train car crash of a company needs new management that can actually deliver some value for it's shareholders! On top of the financial cost there is the time cost, 4 years of nothing but a declining shareprice and declining investor sentiment. For former fcr investors it's probably much longer.

Make your votes count at the AGM, there's only one thing people like this understand and that's when their collective gravy train is threatened. Vote 'NO' to all six resolutions!

It's a digital currency, isn't that simple enough to understand?

Many things in the world have gone digital or virtual so it should hardly be a surprise that currency is going that way.
I do all of my banking online from an app, I transfer numbers on a screen from one account to another or from an account to a company to pay a bill or purchase a product never holding a paper note in my hand.

When I'm out I make nearly all purchases with a card again never handling a note. Covid sped up the demise of 'money' in the traditional sense but the writing was on the wall long before.

My only problem with Crypro is the sheer number of currencies or 'coins' available, I believe it is in the thousands. Obviously the vast majority will not survive but the more popular ones won't disappear overnight. As I said there are serious amounts of private equity in the crypto space backed by some very powerful people. Rich powerful people know how to hold onto and increase personal wealth. Follow the money.

Once more central banks become involved you'll stop hearing all these silly scare stories propagated by them themselves at the moment because they're playing catch up. The powerful banks and institutions late to the party don't want to lose control of the money supply and that is a definite risk unless they act fast. It is why very few of them will give credence to Crypto although many are now plowing funds in on the quiet and many central banks developing their own crypto currencies including the US, UK and China. Once in place I'll wager many of the scare stories will stop and suddenly Crypto will become a 'legitimate ' currency.

In a few years I'm sure the market will be much more tightly regulated and the number of digital currencies will be far fewer as barriers to entry are raised.