Member Info for notrac

But I think Rick bought in the 2s. So he hasn't seen a 50% reversal.

The suspension was clearly due to the knowledge of the surprise reduction in MRE in Gold. In December I mentioned the possibility of fraud There was clearly mispresentation in the previous MRE. I don't Messrs Sprott and Rule will be too amused.

There is a large cap ex budget for 2026 and a caveat of "subject to finance" somewhere in the message. The RNS was not as comforting as it should be.

Q4 operating update due this week.

One delay usually hides another, but next week we will be in mid-Jan, the expected timeline given by the Jan 2nd RNS.

Per the recent RNS

They have much reduced their position.

Does anyone have the numbers on the remaining PGM asset?

Three weeks ago MRE results were expected in the coming days. Now it is midway in the following month. Coming days cannot be construed as over four weeks This was misprepresentation by management and the Nomad. Either we have got a BRE-X type fraud, or there are manoeuvers to sell this behind the backs of a certain class of shareholder.

I spotted that as well. Is it because WTE will have to put up funds to maintain their share in the Falklands?

I was looking at this from the point of view of the shareholders rather than the company.

The RNS was suitably vague. " Landore expects..in the coming days". This is as long as a piece of string. It could go into weeks. It didn't say "in the next few days". In view of the fact that the arrival of the MRE has been telegraphed for months and it's not going through some OBR like review, something has changed since the RNS of December 11th. A sale of the company would require shareholders' approval, but the sale of an asset might be treated differently. However the suspension would have to be lifted. I was looking forward to receiving a big present from Tomten (Swedish Father Christmas) but it looks as though this will go into 2026. In the US and Canada the tax year is the calendar year. This might be too big a gain so close to the year-end.

I suspect that the shareholders are unable to agree amongst themselves on a way forward . Management will be aligned with the Cornerstone Investor but Messrs Sprott and Rule who own 20 per cent are possibly looking at a different outcome.

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I thought we would get a RNS at 7 am or at 11.59. Next timeline is post trading at 4.30. Something has happened since Thursday.

Yes the market cap is £13M.

Hopefully, but if the message is wrapped in plans for further drilling work, shareholders will not be happy because the asset while in the drilling stage has been ridiculously undervalued for fear of further dilution.. Per the accounts, shaeholders have coughed up over £55m in placings over the past eighteen years. The current market cap is only £16m. They, including Messrs Sprott and Rule, will be looking for the exit so that a right and proper valuation of the asset can be obtained. Sprott is not getting any younger.

Who else would want to be chairman? It is only for a few months more. Holding my nose nevertheless.

There was a 1:20 consolidation in June 2020. For long term holders it's been a disaster

Clearly they want to avoid a repeat of the OBR leak.