Member Info for Northman1

On the plus side they wont be getting their ludicrous bonus this year.
Fall will depend on how much of this poor performance is factored in I guess. Need to get that mine lufe extended sharpish and hopefully by a good chunk.

Can they not get someone independent onsite to scotch this myth that we are fracking?
This keeps coming up despite all all evidence to the contrary.

Is there a reason why we don't just buy Cora? Its 2m thats nothing and would give us a Gold discovery twice the size right next door?

Anyone know why they need to reperforate after the plugs are in? Are the existing perforations not still active? Does this not risk damaging the fractures?

Something very odd going on. Yesterday severable very sizable buys at full ask yet the ask didn't move an inch. Today a few small sells and it tanks?!?

I'm assuming this was a fixed in Jan. I'm surprised they haven't announced that its all fixed and they are back to normal mining activities.

They really do suck at communication these guys.

Only just realised this isn't the quarterly update is it so maybe we'll get a more complete update muiidle of april with the quarterly?

I'm under the impression we want to build the mine at dundas don't we rather than just selling it on? Though lets be honest the main cost is going to be a bulk loading facility not the actual mining. I'd assumed they were talking to Rio Tinto about the additional processing that they want to do offsite.
Just really need offtake agreements to get this backup imho. Someones taken several thousand tons off them for testing so someone must be interested?

I see Sky news are reporting Brockham as a fracking site when reporting the latest set of earthquakes.

This really doesn't help our cause and I'm surprised the company doesn't correct the media on this as it only turns the public against us.

Wonder if this is the agreement to do the additional processing that mentioned end of last year. So ship it to North America and do the enrichment?

E_al
Is it possible they haven't spent most of the the 1.5 million they drew down yet so can simply pay it back by saturday with some of the 2 million previous placement money used to cover any shortfall? Then they can do this placement over a longer period if they need to? Or is that not how these things work?

K3vmc where are you seeing this site pics is there a webcam somewhere?

OK thanks E_AL, well at least it will stop people banging on about death spiral financing.

I do wish the BOD in its various forms would stop making all these cockups that lose 100's of thousands in matter of weeks due to bad judgement.

Anyway onwards to hopefully progress somewhere.

Baits is the 1 hours a day at Lidsey 7 days a week or is it some daft Monday to Friday thing at the moment?

Just to check I'm not being thick here, is this RNS of a placing basically saying the placing is to repay the loan from YA that we only took out last month?
I'm assuming we're no longer going to draw the other 1.5 million they offered us either in that case?

Am I right in think Brockham ending early has freed up some money that can now be diverted to Balcombe so don't need the other 1.5 million?

To be honest I'm not that fussed about CAA/Portalegre as it to small really as it stands for much of a mine, unless Portuguese gold commands a premium like Welsh gold?

Regua I think is the really interesting one its seems to be very open with many veins accessible via adit. I'm surprised that they seem to think it will only add modest tonnage when compared to LP.
Similarly La Tarouca could be very exciting but more drilling required.

Be nice if they updated their website projects sections with a bit more detail as well as their presentations.

Hopefully these other projects will gain more traction once we have steady income from LP to fund exploration.

I find them pretty good at communication to be honest compared to a lot of companies. Maybe not RNS but thats expensive but they post a lot on twitter and update their presentation regularly. Their on vox, directors talk etc pretty regularly for chats on progress

What hours is the donkey allowed to nod for at the moment? just wondering if we can guestimate production if we're allowed to go 24/7?

Did I miss something. Everything's on schedule so down the share price goes.

Thanks barnerberible and Visitor on the help around how ASIC is calculated.

Can I ask does the $61 million net debt include the 13 mill for the ball and the 9 mill for the drilling or will that be counted as something else?

It would be great to find out the difference fine Chrome makes. This is Jubilee's strength, bringing in new tech that could change the industry.