Member Info for parkez

Is there a facility to ask questions?
Will anyone be there to ask questions?
Are we likely to be any wiser tomorrow?

We have 4 holes of a 8 drill programme with the results still to be notified to the market.
We suspect there have been 2 extra holes drilled possible at a deeper depth.
How can the company not release information on the 4 notified and then suddenly say " we are pleased to announce the results of our two 1500m holes and they are outstanding to the market"?
Surely this would not be allowed?
So then the 2 holes are for internal education only?

With every passing day and no news its getting harder to stay positive.
What can the reason be for the lack of communication?
Are we slowly being mugged?
Or are the patient going to be rewarded?
Decisions,decisions!
Enjoy your day.

https://podcastaddict.com/episode/146298305

I think this is the Profs last interview?
I certainly think the last 4 undisclosed drill results hold the key to the actions of the JV since.
But were they good or bad?

More buys then sells.
Anyone going to AGM?

https://www.gold.org/gold-supply/gold-mining-lifecycle#:~:text=Gold%20Mine%20Development%3A%201%20%2D%205%20years&text=It%20involves%20the%20planning%20and,varies%20greatly%20depending%20on%20location.

Explains"develop"

We are confident that the Company has enough data and background knowledge to warrant this shift in emphasis and in Demir Export we have an experienced JV partner who have already, in a short space of time, contributed significantly to the JV partnership.
"Contributed significantly"
Wonder what they have done.

Yes it is DS...basically says Demir can walk away anytime.

At 31 May 2022, Demir Export had invested €1,406,899 in the subsidiary companies with convertible shares issued for the first €1,000,000 of this investment and the balance to be issued post year end in line with the agreement. This amount is recorded as a non-controlling interest at the year end.

The joint venture agreements provide that in certain limited circumstances, Demir Export will be entitled to a net smelter royalty in the licences, capped at the level of investment made, in lieu of their convertible shares should it exit or terminate its involvement in the joint venture during the current Phase 1 stage.

FV,
Agreed says,
Phase 1 companies.
phase 2 companies.
Phase 3 company.
However details are non existent on requirements on how the money is spent.
How do you get to phase 2 and 3 if you don't explore all the projects.?
Surely if all the €4.5m is spent at Clontibret the other projects cannot proceed?

DS,
You think a neasly €1m would make the slightest difference to Demirs plans?
Nope results have achieved the aim at Clontibret, move on, next drill programme Claylake.

Quite correct it does, 25% in each jv company.
So a jv company is a project...
My point is still the same, €4.5m is not a great deal of money.
So when criteria met , time to move on.

25% of the Jv licences..
Then why not say that?
I see a " project" as anything they wish to take to phase 2.
At this moment i am thinking Clontibret have met that criteria.
But its guesswork...

What defines " each project"?

"Expenditure of over €4.5 million by Demir Export in work commitments is required for Demir Export to earn a 25% interest in each project"
The above statement?
€4.5m expenditure,
Am I understanding this correctly, they spend a total of €4.5m and when spent if they have one viable project they hold 25% of that project.
If however after the €4.5m is spent and they have two viable projects they hold 25% in two,
AND so on with 3,4 projects for their €4.5m.
Is this others understanding?
So if the case then if enough data collected for Clontibret has been obtained it would make sense from Demirs prospective to move on to the next.

Explains the cessation at Clontibret if the 4 holes were good.
Minimum money spent...onto the next...Claylake.

Its not what DS says, its what he does.

And as for DS, you can be sure he's invested.
More clued up than the rest of us together...
But certainly invested here.

Can't sell?
Of,Course you can sell...you just don't want to.
I don't ,but if I did I would, no matter how far under I am( not that far)
You just go and invest in something you think will perform better than this.
The real reason people are not selling is simply fear of missing out.

People complaining but no selling.

The communication was fine, admittedly we are now in the dark and there's a reason for this.
You/I just have to decide when the news comes whether it will be good or bad.
I'm betting on good.