Member Info for pablo2

With a bit of timing one can sell a certain amount for 1.75p - but IMO it's worth holding to see developments. All the stuff in the RNS boiled down to Allenby have had a spat with Bod and everything else is warnings on what could happen if new Nomad not found. 51%ers not happy but they can't do anything at the moment until Nomad agrees an EGM. Bondholders fairly happy I'd have thought with their warrants and the account they wanted replenished replenished. Bod are having a Board meeting on Fri Feb 12th to accept and publish Indian subsidiary's Q3 results. Business as usual for them. Appoint a new Nomad and this should retrace IMO or..................it's over.

Not me, I'm innocent

We may not be in a closed period now - no definite offer or JV exists. Linda told me it's often not black and white on these closed periods and Directors need to consult with Chairman sometimes even if outside proximity to reporting dates. AGM not until July and held in Baker St London last year. Would be good to go this year to celebrate our wonderful company and it's rocketing sp - lol, or make some delicate points to mgmt. Dekel isn't that easy to follow in interviews but Israeli is his first language. I've got over the disappointment first experienced yesterday as, what happened. We were given a sneak preview of the DFS as it's taking the Chinese authorities so long to put pen to paper (no-one's fault).

Babbler2 - nice to hear your babble again - you said you'd gone forever.

Still Up today about 1% and interestingly their Q3 results next Friday, tomorrow week. Goodbye Allenby, hello ZAI ?

Yep, opens down 60%

Silly new RNS changing it's title. Notice today : India slightly up on thin volume plus Board meeting and Q3 Indian results set for Feb 12th. Not sure if I should hold until then (if I could get out above 3p today). Reading about all the problems documented yesterday, seems as if Allenby has had a big falling out with Bod and are going. New Nomad would sort this. Statements re. Bondholders terms of default - understood and already known Requisitioners not happy over timescales and now Warrants. Nothing they can do but wait for new Nomad. Query on legitimacy of AGM last Sept and warrant issue - not sure. Think I'll hold because I think it's a lot of Hot Air mixed in with a lot of real problems.

Good points about original shareholders and of course that includes Dekel and some of Bod. They really don't want to be letting this go for anything even remotely under 50p. I suppose that is why he does prefer the 2nd operation to go into small scale operation and build up over Selling outright. Don't think we could get any buyer willing to pay 50p+ so, as he hasn't averaged down like most of us, he'd be selling at a loss I think. Anyway, it's a good interview and I remain the eternal optimist (I don't like 'the incorrigible optimist"). I think that interview might help in the short term as it tends to reduce uncertainty, which is always the sp killer for any share.

Thanks for posting that link of Dekel speaking today. Although his accent makes him a difficult chap to listen to he is certainly painting a great picture here. He says the DFS gives us a value of ten times our market cap and yet time and time again he stresses this is very conservative. He gives actual figures on shipping costs and equipment that have been over-charged in the DFS to 30% or even 50%. He stresses how we've only scratched the surface with the current outline of this resource and how there are quite a few ways we can develop this mine profitably. Perhaps Nerin need to be commended on their production of the report which he states must be similar to the mine they've already got running in China. We are waiting on regulatory sign-off - nobody's fault. Looks to me like all is well and we've been given a bit more insight today into the massive future for this company. Not today, but success and reward are still coming IMO. (signed the incorrigible optimist, pablo - thanks alligin)

Smudge - looks like a terrible mess we are into. Presumably Nomad Allenby handing in notice is because totally unhappy with Bod. Apparently Allenby are still doing DD on both Requisitioners - beggars belief. So Allenby says if you have the EGM and appoint them, we'll resign immediately. But, they've just given us 3 weeks notice of resignation anyway, so that's an idle threat. We have until 23rd March to appoint a new Nomad so, if anyone will take the job, there should be no problem there. That would avoid cancelling Aim listing and Bond default. Not sure where the Requisitioners are going with their 'Invalid Sept 28 AGM' although they obviously don't like the issue of warrants to Bondholders and nor do I. They haven't issued a legal challenge here, just 'called into question' matters so far. Perhaps we're not doomed but certainly it looks like there is a lot of in-fighting and I suppose the likelihood is we will be shafted (if we haven't been already, especially with the recent 29.99% of the company issued in warrants). Allenby, I presume, are looking after a)themselves and their reputation, b)legalities. Looks likely they'll leave on Feb 23rd so hope ZAI or someone can be persuaded to take over. Maybe we can join ZAI's list of illustrious clients - lol.

Looks like it could be curtains on here - nobody happy, company, requisitioners, Bondholders or Nomad. Surely best to go to suspension immediately pending clearing up these matters - shares will IMO lose a minimum of 50% tomorrow a.m.

The whole thing today is very disappointing. Don't suppose there is much downside so can't see much joy in trading out to trade back in. Surely most LTH's are seriously underwater so what's the point in them selling? Trouble is it's another wait. This time last year, nothing happened at all when the winter had set in. There won't be any news from the site until May I suppose so we just have to wait for the Chinese or a minor fund raise to keep afloat. Results won't be 'til June. Bit depressed over it all, but really there wasn't any bad news today just the comments on over-cautious DFS being prepared which is the norm for Chinese standards. Sounds as if we could easily be thinking of lots of different ways to exploit the resource above and beyond the DFS, so if the DFS doesn't bring funding, was it not a big mistake to use Nerin. Continue waiting.

This was always going to retrace and I, like you, think the old resistance of around 23p should now be support. Would be nice to buy some back before results but I'm holding off for now

Can't see it really has done any good releasing the DDFS (Draft Definitive FS). We obviously have no idea when the Chinese authorities are going to sign-off - perhaps with Chinese New Year holidays we knew it couldn't be before Feb 16th, so they thought they might as well release. Presumably this might put the Bod out of any 'Closed Period' as everything is now in the public domain and perhaps they might be eager to purchase some shares - that might be interesting. I think having waited for so long we were all fairly resigned to the DFS not causing too much of a stir, but this DDFS has done nothing for our cause. It has spelled out a lot of possibilities and outlined that we definitely have a project given funding, but that was really a known anyway. I hope we don't have long to wait for Chinese ratification and then moves towards funding and a 'definite' plan because we're still in limbo with today's news.

no danger of being caught out on the spike then - lol. This DDFS (Draft Definitive FS) seems to have posed more questions than it has answered. At least it looks like we definitely (!) have a project but still don't know what to do with it or how to fund it.

No-one expects it to fly on this news which may not matter over the next months. Stepptoe mentioned Condor which had a huge spike but has now retraced a lot.

You are right that this is not going to set the world alight but plenty of positives and little doubt that this will be a great producing asset in a year or two. Whether we will be sold, as the Mgmt desire, is likely IMO. With regards the Return on Investment ROI, Dekel states : "The return on investment shown in the study is on the low side by industry standards. The reason for this is the large upfront investment which delivers a highly capital intensive and mechanised mining process. In our view this assumed capital cost can be considerably reduced based on actual quotes we have already obtained. Chaarat and its advisers are now working on optimising this study in order to maintain the same low operating cost structure but to reduce, considerably, the upfront capital cost." Sounds like they don't wish to follow all the ideas of the DFS.

Finally we get it if, however, in draft form. Sounds like Dekel finally got as exasperated as ourselves. Reads quite conservative as, I suppose, the Chinese version of a Feasibility Study was duly bound to be. However, it's out there on the table for all to see and we're going ahead in one form or another: 1 Possible sale 2 Using external Toll production at nearby processing plant being built 3 Begin with the open Pit Tulkubush part --------------------------------- Funding/JV/Sale is therefore not yet.

thought it might be you today - quite a bit sold so it had to come back. Still holding some for results, presumably in the next week or two.

Plenty of the former at the moment. stepptoe - keep on popping in. cnr Condor certainly did get a good spike although retracing hard. Perhaps, Mr Carlos, we might copy them in the short term - I suppose that's always how spikes go.