Member Info for myfirstmillion

trellis they are not facts. much of what you write is just your opinion others are available and your opinion is tainted, every one can see it from the tone of every post you make. There's a relentless bitterness to everything and a total negativity not as you seem to think, a realism. It's almost as if you'd be happy to see the company and shareprice fail (at your own expense) just to be proved right so you could come on here and say "I told you all so". It's bordering on the obsessive and is certainly infantile.

Shed that post was mostly for positive energy, he'd asked Bobby about the past and I felt it helped better explain where we've come from.

I honestly thought this was heading up the other week. This stock even confounds the charts! I guess the news of a possible 18 month to PFS may have depressed things in the short term either way a lot can happen in 12-18 months so I remain entrenched.

https://twitter.com/jangadamines/status/1333722769050259459?s=19

The main issue with the scoping study wasn't the inclusion of the small area that was mistakenly included it was that LR hyped the Scoping Study up and sentiment was high but because of overseas listing restrictions they couldn't release any numbers with it! A monumental ****up that saw the shareprice decimated and sentiment plunge. The mistaken inclusion of that small area to the North just added insult to injury and made it look like a complete fiasco instead of the triumphant announcement it should and could have been. LR never hyped anything again after that. For me that was the big turning point. The management had made two crucial errors in not knowing the rules of their respective listings and not knowing their tenement area. At the very same moment I think the market dived and so the effect on shareprice was catastrophic. Then Bobby has detailed the rest. Several raisings at ridiculously low prices because LR 'didn't care about the shareprice'. Every company I've witnessed tries to raise when sentiment is high and the shareprice has seen some upwards momentum, not LR he specialises in raising at the very bottom of the cycle! Now the issue of this PFS 12 -18 months seems long to me especially given the depth of the aforementioned scoping study, all the historic drill core and all the work that has been done. I wonder if they're being slightly naive and over-egging everything. LR is a detail man and he likes to optimise and get everything perfect, that seems to be his nature but in doing that he often seems to lose site of the bigger picture in my view.

Bang on support now which is the previous resistance from the last move up. Should start to move up rest of this week.

https://www.tradingview.com/x/sNSafhD9

It has moved it's up over 6% for the day. Healthier and easier to hold onto smaller daily rises rather than huge spikes. We've started the next leg up thats good enough for me.

It depends which days you're looking at sometimes it gets marked down in the am and rises in the pm.

https://twitter.com/Lazerblue/status/1333319336769904640?s=19

Yes smiller the numbers are correct. The degree to which you place faith in them is a huge discussion and probably why no one has replied directly. There are levels of confidence when it comes to these categories (inferred, indicated, measured and reserve) and then there are levels of confidence when it comes to project wide studies such as the scoping study, pre feasibility study, bankable feasibility study etc. So the simple question is that whats there isn't so simple. Yes its probably a decent estimate compared to any other miner at the same stage ( to be Jorc 2012 compliant I belive it has to be assayed by an independent third party). Will it grow with this phase of drilling? Yes. Will it include Gold? Quite possibly, we'll have to wait and see. What it's actually worth to us at this early stage is another huge question altogether. Some say 10% of the resource value is fair others say 5%. It really depends where you are on the curve of proving the resource and there are many ways to value an early stage mining stock that will give all kinds of different figures. Plus as mentioned we have other prospects to be considered. So you can see that a simple question isn't that simple to answer. Personally I think we're vastly undervalued whereas others belive we are already fair value this to is another contentious area because you have to factor in the price of the minerals now and the future price. I am very bullish metals going forward over say the next 5-10 years others may not be. You have to do as much research of your own as you can to ascertain your best best guesstimates and then buy or sell as you see fit :)

Yeah you're right of course triumph $10 million dollars worth of shares but I'm assuming them as cash. They can of course be sold, there may be a lock in period but those are usually flexible. A recent example is UOG where RKH had a one year lock in period with it's UOG shares after UOG did a reverse take over of them. Later by mutual consent of both parties the shares were sold to institutions after a few months. So it shows theres always options.

"What am I missing here?"

Er a 30% stake in the 974 KM² copper, cobalt, silver, gold Kalengwa exploration project in Zambia.

100% Ownership and Operatorshio of the Argentinian Eureka exploration project that Colin Bird has stated is up for sale and has interested parties looking at it.

If the RTO goes through, a 20% stake in the Mankayan prospect and a cash payment of $10 million and if it doesn't we get 100% of Mankayan back.

Plus our own cash balance.

For those that say this can't reach such and such a price or this is already priced at fair value have a think about all that and have a read up about those projects and the inherent value and potential we have here. Yes people may get excited but I would argue for good reason. PADYOR.

Sorry it should have read Asiamet Resources not ashamed resources lol

tradeuk I agree with much of your post at 07.19 but I don't agree that you can't attract a major or someone with enough cash with 12 years mine life, as long as there is more there to be mined. Most mines start with a smaller resource and gradually extend mine life as they go.

Ashamed Resources has a 12 year life of mine with more to be explored / exploited and they have attracted a major with what looks to be a decent deal. It is currently in the process of going through but looks likely to complete by around March. I won't say anymore here because this is the EUZ board but this does demonstrate what is possible. Of course if it's going to take 12 (maybe 8 now) months to complete PFS and you have the opportunity to increase the resource as we do then you'd be silly not to. If it can be included in the PFS then is can only make the proposition more attractive.

https://twitter.com/WrightmanAIM/status/1331958072944824327?s=19

https://twitter.com/WrightmanAIM/status/1331964755146321921?s=19

I give up. If I really need to explain then really there's no point explaining. It's like I'm talking to a robot that has been programmed (by Tony) and doesn't have the ability to think for itself.

Whenever I read your posts Levi I get that déjà vu sensation. Is your favourite film Groundhog Day by any chance? :)

Okay Brad to deal with just two of your points... yes of course water is variable but have you ever heard of an average? We could have been given monthly or quarterly AVERAGE flow rates for gas and for water, that would at least give us something to work with!

Second point you, like TG say we have the ppa, as I said yesterday until it's signed off we have nada as far as I'm concerned. I want it signed and RNS'ed that way we have legal recourse and the management are answerable. Without it if it all goes t*** up they can just trot out the line 'Oh well that's what the Botswana government promised us' sorry not our fault.

What would I do? Without knowing what's going on that's impossible to answer. What I wouldn't do is continue to pursue a strategy that seems to be endless. They said years ago they had other funding options, well use them then and let's get this b****y project up and running!

For any silently sitting on the sidelines debating. Today looks like a good opportunity to get in or top up. You 'may' get it go a smidgeon lower tomorrow or Friday but I can't guarantee that. All the indicators are cooling off nicely now. We'll very shortly begin the next leg higher.

This along with UOG are my most relaxed, comfortable holds. I could trade this but there are so few shares in issue I wonder how easy it would be to get them back and if big news drops while you're out in a share with such a small free float you can be left stranded. Think I'd rather just hold and have a nice relaxed peaceful journey to a multi-bagger and some nice future dividend payments :)

I can see from your long winded reply yesterday that there's no getting through to you Brad no matter what I say you have your ideas and no one's going to change them or get you to think critically about them. You may get away with it in TLOU we'll have to wait and see but as with all your other investments, if you carry on with that blind faith approach to investing sooner rather than later you will end up losing everything. That's just a piece of friendly advice, what you do with it is up to you.

FWIW TG does come across as fairly honest but I also think he can at times be economical with the truth when it doesn't line up with what the company has said is gonna happen or when a timeline slips. Things often just get brushed over in the hopes that they'll be forgotten.

This might work if they had some good news to follow but with a dearth of news or meaningful progress people will rightly look at what has been said (or not said as with Lesedi) and what timelines have slipped (regardless of Covid!) and at what agreements have been promised on many occasions and as yet not delivered upon.

I have a buy rec. in place purely based upon the chart but that won't stop me questioning what's going on. Too many times in the past here I've been guilty myself of letting things go purely because TG has a believable genial manner about him but that time has passed. I want progress and I want answers to some important questions. I'm a patient person but that is being tested and all the more so because the company keeps us largely in the dark over some very important areas. This is 'our' company Tony that's what you have to remember when you have a public listing!