Member Info for NelsontheDog

Hi

I would hope that Microsalt is becoming profitable - they can licence out their processing requirements and the premium on RM should hopefully now be such that it can easily cover the sales and marketing spend.

Thanks for link Ragnarr

Do you or does anyone have a view on the key timelines - ie what areas do we need to have launched to allow our ecosystem to bo used and to thrive?

Nabla / Amber

Dtransfer

Any others?

Feel we are getting close but I reluctantly admit I cant quite keep track of the key elements still required.

Thank you RBM and all.

I don't expect to recover my money in any reasonable way but i want payback and today you and your group have bucked the "what can they do" trend. If we can now get good coverage and press we wont just go away and that will cause real embarrassment for these people.

I want benefit in kind if not money and that will start now as these individuals start to sweat and worry - I'm all for it. No sympathy and look forward to seeing their reputations take a battering to begin with.

Sorry to hear that Goatlic as I am guessing that the BoD bought an office in an area where property values have since surprisingly fallen - its a gift!

Well i was wrong about the update today. Tsscchhh.

We have three chances at a kerboom share price explosion though - thats three more than many shares;

1. Dynasty - Sign a mega deal

2. Pendulum, Nabla, blah blah - actually get it together and get lucky on issuance to market as the crypto blows up

3. Either of the above sectors goes white hot and a "visionary" from a (usually Japanese) hedge fund sweeps in to buy into the future with a startling valuation of one of our stakes - I think this is particularly likely for Dynasty).

In the meantime the two appear to be much less cash hungry than I was expecting so whilst frustrating, it isnt eating my socks whilst I keep the shares in my sock drawer. Unlike my Tek Capital shares that have so far eaten all the socks and I can hear chewing through the drawer in an effort to get to me!

In short, its been a long, long, long trip and whilst there is no indication of the end yet we aren't at risk of anything more than frustration or boredom.

AtB

NtD

2p

Lol

Unfounded opinion but I think there will be an update tomorrow - its the last Thursday in January and whilst it may be forecast dates rather than happenings - eg we expect a drill contract by xxx and a further update date.

We seem to have dropped into a long slow silent period - there is part of me that wonders if the reason is that Zephyr are waiting for the Slawson cash flows to arrive to allow them the cash cover to progress the next stages....

As i say this is all an opinion - its not a subtle deramp - i've been here years and i am to my displeasure fully loaded on this share from the 5p range a while ago (slightly in profit when balanced with original investment) and i am keen to see a second rise in SP

Hi Mikie

Adding to your positive view - the project at Roan and the ramp up of copper is largely behind us (time and capital) - yes there are more outcome unknowns but with Chrome and Copper we start to see the fruits of what has been a very very long project timescale coming through as rises in free cash flow. These cashflows will be at scale and I remain overall optimistic. Easier to then ramp up the next phases;

1. They have learnt the bitesize modular approach;

2. New processing faciilities can be based on the lessons learnt at Roan / Sable/ Windsor.

3. the relationship with the Saudi firm will open doors and also provide funding

So whilst we are still on a bumpy road, it is leading somewhere - somewhere nice and rewarding IMHO.

In short, Im not getting off the bus until it reaches my destination.

Drop here reflects the general BTC unease - how far back are we dropping? We did just have an incredible rise in BTC (taking alts) with it with very little pullbacks so this is probably healthy.

On BTC - lots of GBTC selling (and potentially lots more to come) but also new ETF adoption - its a hunker down and wait situation for a hodler i think.

In regards to the discount to NAV - always the case here - investors are typically cautious of crypto but want isa protected exposure to high potential - will therefore often cut in a down turn and return in better times.

My gut feel is there may be a little more shakeout / drop to come before we level out a little.

Not a great update but at least we now know what we suspected about the lack of progress on the update element at "the port".

In the meantime we should be gleaning a healthy fcf from the chrome and the 600mt of copper per month so I would hope that the business can wash its own face and avoid further raises. The expansion on Roan capacity is all but 1 electrical item costed in so this shouldnt stretch us from here.

The PGM dip is an irrelevance at the tight margins I suspect in terms of its impact and I agree with others that we should have more PGM to process if chrome is rising.

So as ever with JLP, we are closer but not quite there. Completer finisher JLP is not! But we are now very close to some very good news flows assuming the new rock processing elements can be made to work. I would be much happier buying here from scratch but that isnt my gig. As to 2024 year end price - its all going to be down to execution - gulp! Could be 4p - 20p I think.

Hard to fault your interpretation Edhellas. Agree also that if that is the case we have another 5 months of accumulation period - I dont see a resolution ahead of GoI taking the maximum time on this. But you never know - hence keeping my investment to date here intact.

NtD

In addition to the tax advantage of holding the shares in an ISA or SIPP, the fundamental advantages are;

1, Access to the early seed investment market - that you could not gain elsewhere

2. The expertise and strong reputation of the two founders that allows them into projects

3. Inclusion in the projects they back - where they advise, mentor and engage - hence their higher success rate than you may get with a remote investing strategy

Its point 3 that is key to why there are some "duffers" still in there and why they dont simply trade coins. They are an early investor. If your plan is to simply trade coins then with youtube advisors you can do it yourself, but you wont get the early investment opportunity and you may fiond your fail rate is considerably higher than that here. Of recent KR1 has invested in other seed investors - they know they can not spread their knowledge and time too thin if they want to succeed.

There may be a more traditional investment house for crypto in a fund of some sort, but to be clear that isnt what this share is purporting to be.

Hi RBM and Shaa

I understand you need to be circumspect in your dealings with company but did the tolic of injectant activity arise?

Did fiunds get blocked or was there another reason for the failure to carry out the activity promised via RNS, or inform the market that it was not to occur?

At that time I would have exited if there was news on failurte to carry out as promised and I suspect I am not alone in that view.

Anything you can share on this element? I am giessing this forms a large part of any BOD liability.

NtD

Trujack

Your point 6 - 6. The company stoped injecting NGLs because the lender has to approve all COPL spending and likely had pulled the plug already.

Ifd that were the case then arent the BOD liable for not ammending the SH view that these injectants were going ahead? This is the element I am most interested in as I think there is a clear liability. The market was toild we were doing it and yet there has been no communication to the contrary and it is this lack of production increase that ultimately sees the current SH disenfranchisement.

Hi Monk

It’s not ramping the £5. It’s taking the last cycle action, factoring the increase in tokens to date and new launches due to arrive at a figure. You may disagree but someone stating their target is fine. You are welcome to dismiss their view or not but a binary view on posts would mean that their ramp makes your post a de-ramp. It’s not that simple, differing viewpoints that’s all.

Slug v Hobsy

I make this latest match 1-1

Slug point was getting Hobsy to bite almost as if he'd rang a bell for a butler.

Hobsy then equalises with that last post on emotional posts.

Both have made me laugh today - thank you.

So all to play for - who will win the first weeks insultathon title (Blu Division)?

Hmmm - sorry if i am now the surly of the board but 0.15p inst that exciting for me - just confirms the BOD are going to effectively gift the company to Anavio next week. We can then be rubbed out a little more on the next placement - we still dont have production and no-one seems to be being held accountable for the lack of injectants.

Id rather death hug anavio and take them to the bottom with us personally. Last gambit is the SHG find a way to stop next week.

Hi

Trying to post something that doesnt involve a trail of bickering (sorry). The recent background changes I do see as significant. 1. Its the first demonstrations to us that our BOD are actually exerting effort and it does seem that some items have been removed that would make any sale a complete non-starter.

2. Over and above the cash position, the rebates imply that EUA is not hiding and has reasonable relations with the Russian state. That in turn indicates that a sale may be considered by the state - I would think especially if it brings in new partners (Middle East, BRICS).

3. It all then depends on what is an acceptable price - as I say, at present I would happily take a loss to gain a close (but not at the level we currently find ourselves at). So, if you are a non-Russian or indeed a Russian firm, what is the appropriate discount - they need to strike whilst the current conditions prevail - US election and many other factors may change the outlook and in hindsight the bargain basement may disappear. So the cards arent all stacked in the favourof the purchaser.

Personally I would see a deal now as more important than eeking out full value but others (including the BOD) may disagree. This all assumes there is any prospect of a sale - our SP indicated that this is still not assumed by the market as too high a probability.

In summary I am more optimistic than I was at Christmas but we just cant gain a view of whats going on so this is not a glowing affirmation of support - rather I am trying to convey my hostage shareholder view to see where it sits in the eyes of others.

NtD

Ive completely lost my idealism - name a double digit number and for me its a yes please - paper loss but upside from where we are now.

I hope Satoshi is really pulling out all the stops to get their infrastructure launched - perfect conditions in the market. I would like to think there are heavy developer incentives - bonuses, timeback, free ski trips after it launches etc. A small excerpt on how seriously they are taking it this time would go down very well with me. They are close and thats the frustration. Hell if we know they are working late im happy to chip in for some Pizza and Beer for the dev team. Hopefully Tony does the same to get the inside scoop on progress.

GET THIS DONE!