Member Info for panama

Basically…. Whilst our current position is in flux due to uncertainty etc … our future is all aligning if it all pans out as we hope and suspect , for this golden / copper storm !

The telegraph is on fire today !

Re the gold standard and the dollar amidst countries like China protecting themselves and their currency fears by stockpiling on gold etc and out old Gordon Browns madness in history of selling our own gold supplies down the river : here’s another media extract today :

‘Common sense would tell you that gold is a very old form of money and holding some of it might provide protection against the contingencies thrown up by history. But history seemingly held little weight for Blair’s cult of the expert.

It holds a great deal of weight today, with premature declarations of its end now looking particularly foolish. The geopolitical order is being shaken violently and there are no guarantees that the dollar-based system, born out of the last global conflict in the Second World War, will be with us forever.

In such a world there is every reason to believe that people might return to older forms of money to weather the uncertainty, or even to try to create a new monetary system. If something is not broken, there is no need to fix it as the old saying goes – and the gold standard has worked as a way to do business time and time again.’

A brief extract re copper vale to the growth sectors globally , taken from todays ‘D Telegraph ‘:

‘ While the demand for copper is likely to remain high for years to come, matching it with supply is going to be difficult. The time between exploration and production is measured in years, and it is very costly. Buying existing supply is a cheaper, quicker and easier option – but there aren’t many pure-play copper miners available.

‘The price of copper, even at a two-year high of nearly $10,000 a tonne, might be poised for further gains’

Lack of supply is one of the principal reasons to think that the price of copper, even at a two-year high of nearly $10,000 a tonne, might be poised for further gains.

Copper production, like that of all commodities, is highly cyclical. To make it worth the cost, with the environmental challenges and the long and risky timescales, the price needs to rise from here.’

Dont forget about the copper !

GLA!

Interestingly Chippy

I once asked Shaun if he’d like to buy Winu. He said he’d love to !

ATB

We are worth the most only to 'us' I would suggest.

I don't think, sitting at 6 p and under, that anything 'eyewatering' would be offered at all, at this stage in our development.

It would be nice to think differently but we are where we are and who we are at present.

Shaun needs to work his magic and grow the company. Then in the future, 'anything' is possible.

I am here for that, as otherwise it is what it is. A small junior explorer with big plans. I am not belittling where we are in the slightest and am hugely excited for our possibilities...but we yet have a way to go.

DO I think we will get there? Yes. Just not yet!

That our

Personally I think tha tour expectation should be that since we are in a snail- mail sentiment phase, market- wise, and an unloved sector plus being a current junior explorer etc etc , and with massive uncertainty as to our direction (to the wider market at large at the moment); we should hope for a step by step trickle upwards in terms of the SP.

Gold and Copper on the up but the sector is not as yet though it may well take off soon. With each bit of news we may step up a bit. With major news we should get a bigger uplift. So long as it keeps going up based on solid news I am happy to see progress.

Slowly slowly catchee monkey.....we have waited this long!

A strong message

Lol Spade!

I would be very surprised if they don't divest

Think that is simply politics Timber :-)

Very positive interview with Shaun and great to see him emerging from the shadows, whilst still , we hope paddling furiously underwater to get our deal done!

He is a diplomat and it's always interesting to watch company politics in play isn't it! Shaun makes much of the fact it is a good relationship with NEM which is great....but he talks of completing the development of our world class asset and the option that divestment poses for GGP plus the bank facilities etc etc and tHe ROLR

We are on our way imho.

GLA!

Looks like it’s ’business As usual ‘ which is promising….

Good to see this JSP.

Thanks!

I think, as ever, Charles Archer put it quite succinctly in this podcast! Uncertainty is a black shroud for most new investors. They need some certainty as to direction , which of course is what we are all waiting for.

He went on to say that if SD does find a way, through debt & equity to buy the lot, then there is still high risk, which of course there is; but then the rewards are also high if longer-term.

Not for the faint-hearted but after the past three plus years...we could all be like Paul Johnson in this piece if we cut n run....a lot worse off in the end!

You either believe or you don't and not an easy choice..but 6p doesn't cut it for me! I am 'down' at this point so not even considering it. But no one said it was easy. We all deserve a break!

GLA!

I agree everything is possible if if if and when. And it looks like we may well have picked a gemstone amongst the dust here with GGP given the perfect storm ;

But can we pretty please just get to the 20 p mark first so some of us can rest easier !:-) and never dip down to these rotten levels again.

Thankfully I don’t have a heart problem but if it keeps dipping downwards I might have !!

Waiting for Shaun’s next big move. All is crossed for the biggest one !

I add here, that having spoken directly to SD on several occasions, he has consistently repeated that his team and far smaller leaner outfit would be able to greatly reduce the costs of running Telfer if we acquired it thus maximising profits of anything extracted.

Also as a financial man with a history of being CFO , he knows how to operate in a lean manner and will extract high grade ore first to secure FCF going forwards.

Not saying this will be easy or straightforward. Mining is not a straightforward or easy gig..just look at our lower aquifer issues and the current Telfer stoppage.

But high risk high reward.

Doesn't mean I sleep easily at night during this journey....but noone can say it hasn't been exciting and educational!

Interesting debates !

My mere £1 within 3-5 years is looking more possible imho if gold reaches 3k p/oz and dependent on capex and if we secure Telfer/Hav 100% with a listing on ASX.

If we get another strike on a wholly owned asset on top then more!

I haven't considered a 10k p/oz gold value as yet as I am pacing myself...lol.

But 20p is not what I am sat here patiently (impatiently at times !) for.

Bearing in mind our MD's prowess at negotiation and strategic vision plus the hefty BOD plus all of the recent hires plus our opportunity currently and bearing in mind our world renowned and safe jurisdiction and prospecting fields plus an ASX listing bringing onboard more and more institutions and pension wealth going forwards...I do believe in my £1 at 3k pog if all this comes to pass.

The rest if this happens and all uplifts to unheard of levels...then yes....more if entirely feasible but not for some years.

There is an awful lot riding on whether Shaun first acquires the lot at this stage , is my thinking. If he does...then anything more is possible!

GLA!

Whilst the gold price elevates our value of produced ore it also enhances our value in the ground to potential buyers / sellers yes.

So the sooner a deal is struck clearly ,the better.

The negative value of Telfer to certain parties however , is a lever in our armour. Imho

Clearly from Proactives just released video with Shaun he is still alive and well and not captured by our competitors vying for Hav and Telfer! lol. Good to know!

He again expounds the relative value to us of an increasing POG!

Let's hope the golden gods are shining down on him and us for this opportunity that is before us! Quickly!