Member Info for NelsontheDog

Thanks for posting Illuvise.

Hopefully PGM prices can continue their gentle rise in the meantime to somewhat shield the full impact of our laggard Copper expectations.

Didnt we have the new FD a few years ago and somehow he managed to leave after making a good initial impact?

That RNS was not formed from a collaberation of the FD and Leon - Leon chose to last minute its formulation so FD did not get a chance to review imo. The result is there for all to see. You say we wont get a new boss, but if announced I think the share price would probably double on the news and perhaps Leons silence at present is him coming to terms with being pushed out of the centre and losing grip.

You are correct in that these notes dont do any favours - i dont constantly gripe, just periodically upon news and even then not constantly by any means - but the Roan processing capacity is a moving feast and what he has told us in his past interviews is not coming to pass in either timescale (of which I am much more forgiving) or quantity expected.

I will go quiet again but I think most of you fellow long holders know I ve got a point. Whether this is constructive or destructive is in the view of the reader and holders. Our share price is here not because of BB contributors but our management - otherwise when we are all positive which does occur, the price would rise - it didnt.

I think less haste, more speed in regard to projects - in fact the whole leadership approach. Prove concept to revenue, then expand- we dont do this we jump in very early on the rhetoric of gaining a lead on strategy over competitors - but we dont have lead as we havent made the correct progress.

Honestly, after the last RNS - it was garbled and awful - are we really to believe Leon is in control - everyone being polite but if this is the distracted non-focus at the top, we can only imagine the difficulty of those under him in the business trying to enhance the business. Lots of words but little distilation of numbers and progress.

Before I am shot down by - why not sell - Id like to at a minimum get the money back to NAV level - this is my Asset, not Leons and I will not be made to feel I need to kowtow to his chemists ability - which seems moot - he can not estimate the time to prove items and seems unable to invest in the right assets to support the chemist - back to the less haste more speed.

Sentiment here is shot - and not because of my non-supportive bad posts on a bulletin board, but as a result of terrible terrible management. We continue to not learn from our past - both operationally, investment wise and communications wise - and Leadership wise.

Lets choose a new boss and see if he can release the value of this business in both people and resources. Feel sorry for Leon? - No. He is transforming his wealth status and mine - his going up, mine going down, and shows scant regard for his investors in all his actions. He has had more than enough chances - its time for change (in my opinion, obviously).

I agree with your view Gall,

We may look like its slack water and in this lower range but as short term money gets bored and moves on we will see that those sells are disguising a steady buying trend for the share and as such we should begin to gently rise - to where I don't know but my guess is it will begin to rise to around 18-22p until next bit of news which with the confidentiality of the arbitration, I am not sure of.

I am weirdly happy at this level though, as it doesn't nibble at my risk thought process suggesting to take a slice and therefore keeps my stake in what could be a big result higher.

GLA

Thanks CLSK,

I will try and join that spaces call - Im keen to see if there are any hints on emergent strategy - I would really love an RNS on otomato performance - is it the bees knees, or ear wax?

Anyone spiked at 10p - I think you are going to recover in near term. Btc strategy rolling out and hopefully Yellow network still on for a good launch within 6 weeks.

After a nice big alts surge in December and January, the prices are back for most of them to almost bear levels already and are not gaining with BTC advances. Whether they will eventually revisit highs, or even higher, who knows? But if like me you used to put some of your crypto PF in a carraige attached to the back of the BTC train - sorry we seem to have been decoupled. So I dont see that staking figure falling substantially (though who knows, there could be a big drop if retail abandon ship.

Personally I still think there will be some resurgence for the big layer 1 and 2 alts but this shift must be making life dificult for the KR1 model. The money printing machine is not where it should be. I dont think they should abandon their strtegy yet, but, if they do, that will be a big indicator for me to change my approach also.

Blimey thats a big dose of doom and gloom HarryKiri - even for you - is it the prospect of people enjoying a weekend upsetting you.

Banbury

Hooking it up, not talk of hooking it up. I would not foresee the well investor dragging their feet - in fact the opposite - I thought the well investor would add focus to the cause of gaining first Paradox production and I would still hope for this to be the case.

*invested. Though I do sometimes feel a little inverted!

I believe from past we expected it to be a main of gas with a side of fluids - last time they drilled i seem to recall they had light oil that they sold during the test phase - notably they haven’t given out that missive this time. Get the gas connected. If there is any prospect of this being commercially viable - any at all, connect baby connect. In my time inverted here this is our 3rd drill - 16-2 sitting also - these need to produce - it’s as simple as that imv.

Irrespective of the value it’s got to move from being valuable and of a production level grade to being produced- and sold. The board have caught up from the blow off disaster now and need to move Paradox from a classroom or lab based experiment to an active operational setting. I have full confidence they will be able to do this.

Even if economics at this low oil price mean this isn’t gold rush time - a first production is a stake in the ground, not only for external observers, but also for the DNA and culture of the Zephyr business itself.

So not drill baby drill just yet, connect baby connect!

GLA

Bill, highlighting alts as invested by Coin doesn’t prove alts bad, rather m, it proves Coin haven’t got any record of choosing good projects. Yellow may be their first hit.

I agree both those points Bill. Coin need to decide and hopefully they listen to James . The opportunity for a U.K. treasury stock is 100% there and Coin look to have made the right steps in using top grade custodial practices for BTC - they need to decide if they change forza to BTC only - arguably there are three vehicles if they separately float - Forza as initially launched, maxi btc only and the trad coin business.

A wide variety of alts and Bitcoiners. I am a Bitcoiner but not a Bitcoin Maximalist as you appear to be - I also hold alts. Alts range from operationally intended utility products such as Yellow to populist nothings. Not all the same as I am sure you are aware.

It will be interesting to see how Coin steer - as in past or to tap into the maxi crowd.

I'm not saying they wont go Bitcoin maxi in the future, but the stated Forza strategy at present is use otomato to arbitrage optimum yields on alts and use proceeds of that to buy BTC. They can change that but thats a change - not the current position.

Yellow Network tokens are likely to be required to be held for a year after receipt - however Coin doesnt have to put them in Forza.

GLA

Maybe so, but equally do you realise that your comment implies you are looking to pump share on the back of non-informed shareholders?

Hepseal - I think we are aligned in our thinking then. I wonder what level of yield Yellow Network tokens may achieve? Will they put the tokens in Forza? I would expect so.

Definitely agree Rylidan,

Must raise at par, no discount if we are to foster a premium. Whilst not as immediately relevant I am also keen to understand the otomato alt arbitrage position in Forza - how much additional BTC is this likely to create? This could well end up driving a unique selling point of Coin versus other BTC proxies imo.

GLA

Good RNS in that Coin have stopped talking and are now doing. Prudent approach splitting the 10BTC purchase imv - another purchase announcement tomorrow?

GLA

I expected that the RNS would lead to a sell phase due to the technical nature of the good news and the absence of either a new well deal or route to production - ie a significant change in income expectation.

I'm a long term holder so all today is drama - looked like shorters and traders on here were looking for a glimpse of holder resolve this morning prior to market opening- but as a sideline observer, this is a massive massive shorter trap now. Why? Shorters have no idea when a production plan will be announced, nor the likely timeline to first flows - we know they may use skid based processing so its likely they will use interim processing until there is volume of a level to scale up a fixed gas processing investment. That means at any day, we may get an RNS that boosts this share. Same but slightly less turbocharged in relation to additional non-operated deals.

I meant what I said earlier - shorters here are bending down to pick up pennies in the path of the steamroller. As such I dont expect us to stay down here long - whatever you think of shorters and traders, they aren't daft and the risk of getting burnt here is high - as the endorphins of wins fade into the afternoon - risk thoughts will pop up and many will close out.