Member Info for oldspursfan

More jam tomorrow and clarification on what gross origination includes that makes it all look better than it probably is.

Apologies, hef (pun ruined!!)

Sounds a bit chicken and egg, hen (pardon the pun)

What company would sign up to a funding method that has no confirmed or committed funder?

For me, today's rns was meant to be about the commencement of funding - not all the billions of funding will be spent overnight, there needed to be something saying that the funder has committed/provided x amount to Italian companies, and is making funds available to other geographies.

Instead it sounds like he/she is dithering around geography exposure risk in theory.

Wrong RNS sharebel. Come back mid month when the acquisition update is due.

Think of it more of a nightclub with a mix of customers queuing, paying to get in the door, but the real money maker is when they start buying drinks. So far noone has bought any drinks and the drinks suppliers are still working out what they want to provide.

I've got this image of the inventory funder being some kind of Grouch Marx lender

I refuse to monetize any company's stock who is willing to take my money.

Think AZ needs to bang some heads together pronto!

Think that is very uber positive spin, and not reflective of where we are. Now that we know gross origination includes companies that are not eligible or have dropped out of the process, to say 2bn on their system is misleading. How many of the 82 companies from a year ago are still active or interested, given no monetization has happened? Hardly any I'd imagine.

God knows what the inventory funder is doing. He either doesnt know what he wants or, worryingly, knows what he doesn't want, which is exposure to Italian market. No funding given, not even a single f****ng spaghetti tree (given the date)? Hmmm.

What storm harbour are doing is anyone's guess, but they dont seem capable of closing anything, either, forever in progress.

Wasnt overly looking for monetization numbers as such as they will likely be small, just that magic word "commenced" with associated fees now being received. But nope.

AZ continues to expand the platform, but forgets the key point is matching funders with companies, I.e. the service, not the tech. Focus needs to be given to getting deals over the line before world domination.

So for all the can kicking at Christmas, Q1 has been a bit of a f****ng shambles, all told. Am in EUA too so given the market refuses to treat anything they say positively, I'm a bit disappointed this week. Had high hopes, but it's the hope that kills you!

Welcome Johnski, to the world of NOT AIM!! Hope you and all LTHs get a lot of reward!

Particularly love your comment about the BB and human nature, then three posts later BigMac comes up with "F off calamari you bell end"

Succinct summary methinks, but made me laugh. GLA

Nice analogy wolf! But it's the image of trying to scrabble around to find something to include that is so disconcerting!

The update doesnt even have to include right now, it could be up to end of last week. Hell theres been enough carrots and tranches of activity referenced recently to fill a side of A4 on where thing are.
I am positive on this share, maybe my work for a bank has influenced me - when we stated updates/interims/results by a date, its 0700 that day, not 1530, 0700. Burn the f****g midnight oil if you have to but we had to meet the expectation set...

This is my view too, unfortunately.

This is the bread and butter investor update.
The "WTF have you been up to for the last 3 months"
The "reward the faith of investors" update.

Having given three weeks notice for the update, to then end up at random o'clock on the last day is poor. If there is any truth in trying to play against traders and shooters, then that is bang amateur and disrespectful to LTHs.

I will be very surprised if there is anything so time sensitive it couldn't have been released pre market opening today. He doesnt have much goodwill or history of delivery on time to get away with it, and all it does is poison all the positivity that was there last night and first thing today. We're back to "another delay" "has he missed this deadline too?" Totally unnecessary in my view.

Hoping for the best when it comes but questioning the logic of the approach, where professionalism was called for.

Sorry Sharebel but you dont half come up with some drivel! Your posts have been strange to say the least:
You dont appear to know what an FSP is, constantly referring to it as if it is an outcome in itself ("cannot see a FSP happening" or "Chinese wont be allowed to offer a FSP" - both sic). Wtf does that mean and why cant a Chinese company submit a bid as we are currently in an FSP (note use of "an")? Have you seen the prospectus barring companies from certain geographies from participating? Which other countries are prohibited, do tell?
You seem to think shareholders buyout predictions change purely with the current SP, and has nothing to do with additional licenses secured, resource upgrades, or oodles of in depth research showing the rich plethora of highly valuable metals we are sitting on, which has been kindly posted by LTHs over the months the FSP has been in train.
You seem convinced this Rosgeo JV is somehow bad, and the resources are not "in the bag"? So in whose bag is it exactly - no other mining co is in the JV for 75% of 104moz (conservative) of platinum group metals, pick and choose and pay as you develop.
Any contrary view is pounced upon? Nope, if you can support it with evidence it will be treated with respect, otherwise it is just bilge and will be summarily dismissed. That applies as much to me, you and anyone else.
Like I say, strange!

Having thought about this over a rum or six (captains orders) if anything the development s suggest that a) Russia wants this in house and b) the conclusion to the FSP may be NN offering cash and shares.

That EUA are front and centre of the latest Rosgeo plans could just mean NN's current problems make them less desirable as a poster girl right now. If they were then to buy EUA, well...

As Zak Mir says this does serve as justification for a high buyout price, something to bridge the gap between current price and the 10-15+ multiplier we are all after.

Food for thought. GLA

More to the point Billions, where does upfront in one lump come from?

OK billions, why don't you give us your estimate of the earnout cost, and why if it is "pay as you mine" it can't or wouldn't be included within the "lowest quartile" open pit AISC of c.$300 per oz?

Billions I reckon you have been around shares long enough to know EXACTLY why "rinse and repeat" is seen as negative, for the reasons outlined. Your second paragraph is fine however!

Maybe not Monday, but yes there could be a temporary suspension before the recommended offer rns is issued. Cant see it lasting more than a couple of hours if so (same day).

Billions, that's not a "rinse and repeat" strategy it's an explorer's business model. Get licensed, dig, prove up and sell on. Use proceeds to do the same for other licenses.

Rinse and repeat relates to lifestyle companies that place, place, place more, consolidate to reduce the sharebase, then start placing again.

Eua have financing options via sale if existing assets, EPCF funding like sinosteel, so dilution is not first in mind. This is most definitely not a rinse and repeat company.

Probably worth adding, if it hasn't been mentioned already, that 104 Moz is russian booked reserves. Wasnt it confirmed these would be uber-conservative levels, so likely to be a minimum resource available?

One word: monster

Ok and another word: Kerching!

FSA? Thought that was disbanded??

And by the way it doesnt mean anything for the FSP which still continues.

Love the way the "strategic options" are now a footnote.

Like oh, yeah, that's still ongoing....

Huuuuge news!