Member Info for PaulFG

Likewise, came for the GOLD but that didn't seem to go anywhere and I'm not a lover of REE resource - they are notoriously difficult to process/produce, but I stayed and am going longer because of the ISR possibility - apart from the grades in the resource that for me changes the game here.

Yes great presentation

Have been a shareholder here for years, severely down (obvs). Have been wanting to top up for ages but waiting on something that'd confirm I wasn't buying a deckchair on the Titanic, yesterday's news gave me that and yesterday I started topping up.

@gazal I can assure I have millions of these bloody things, not as many millions as I used to have, that's true but still a significant holding.

@JF - haha, yeah I hope so.

Spot gold prices are largely irrelevant, it's the TREND that counts. The trend will be with you for about 7yrs in the gold market, usually, we're at the beginning of a bull trend in gold - I think that's a far more useful discussion than talking about spot prices. Which is why I do firmly believe this will happen.

I'm actually a little concerned that this might get taken out for very little premium, depending on where the other HNIs (that are all aussies) have interests - if they're significant shareholders in Sheffield, then UK retail could get royally sc...ed here.

I hope I'm just going down an Anodoman-esq anxiety hole here, rather than this could represent the ultimate scenario

I guess we should, technically, find out this week - i.e. by COB Thursday - whether PING is moving forward or not. Right?

Market is clearly dubious and frankly I'm wondering if PING can meet this deadline. They don't have a great record in meeting deadlines.

Still hoping...but prepared for a not so celebratory Easter.

Lol @Ando - nah lottery win is cold hard cash in hand!

I think it's just the consistent disappointment here over the years that has coloured my thinking - LTHs here will tell you back in the day I was extremely bullish, at times it felt like I was one of only 2 or 3 people posting. But the previous CEO was pretty awful and damaged the company to the state that we haven't even recovered to where we were 2/3 yrs ago - and we're further along now.

I think I reflect the wider market thinking at the moment and it's a case of do not say. I'm also not talking a 5m long book (anymore) like yourself, so I understand you're a glass full and overflowing view, haha.

Hopefully, we'll both be happy sometime later this year...

The good point for me is they've actually stated their intentions - negative, no real dates ( and maybe that's difficult) but I would have preferred less woolly and more concrete pin-it-to-the-post datelines. Again I appreciate exactly what I would have wanted is difficult but after months of nothing I had hoped for a 'little' more.

Aside from that, actually it doesn't matter, the big news we're waiting for is the JV signed agreement which may or may not be delivered in less than 60 days -depending on your interpretation.

SO for me no change - I'd hope they'd issue an RNS on the start /completion of each of the activity listed in the RNS - specifically the drilling though if they're engaging the GSMB for this I expect it'll be a long and protracted process from operation commencement to drill results - considering that process has taken nearly a year in the past.

Interpretation and opinion is what makes a market @justone, I'll be more than happy if your interpretation is correct.

@JUSTONE as i read it two companies have a 60 exclusivity to close the deal. That's all, not that they must close the deal in within 60 days but that's when their exclusivity expires and then other parties can enter negotiations.

Agreed @Sebo and given the years of being unable to deliver here, if it even is on anyone's radar now, they will not buy in anticipation - it's not a big enough deal anyway to justify the risk reward.

Yeah @justone - they have exclusivity for 60 days to conclude the deal, after which the rest of the market has access ( whoever that be...) but it doesn't mean the deal will be concluded within 60 days. I mean after Greg's words on LB concluding before year end, last year, I'm inclined to wait until the signing and not anticipate.

@justone - as always with CMET the devil is in the detail and important to remember the 60 day countdown is just the exclusivity period not necessarily that they'll actually conclude a deal within.

I think I've been here too long and err on pessimism....

100% agree

I don't envisage a meaningful, sustainable rerate until they announce they've signed the offtake/financing agreement - too many false dawns here, for whatever reason. Therefore, I'd expect us to continue to trade around where we are, with a possible slight downward drifting bias.

Will be interested to hear about drilling objectives, timescales and targets in the update this week as you all know I've be droning on and on about this for ages.

@Butler - yes good point. I guess it'll all unfold over the next couple of months.

@ICB - US Grant delayed - well it probably isn't because let's face it it comes. It comes regardless whether the punters think it's due in Q1 (ends next week) or not. SO perhaps delayed compared to twitterers...you can see who they are.

I could be wrong - if I am great, I'm positioned to take advantage of it, if I'm not and there's a pullback, great I'll take advantage of that too.

SO WHY do I think it may not be imminently on the horizon - given the grant funding from the DoD or whomever will have to be earmarked solely for PM then why expend the funds you've raised privately now on PM? It means there is much less to devote to other projects in Nevada (we all wanna see that Garfield bullseye target drilled), and now more funds will have to be privately raised to do that - but maybe that's already on the cards and we can expect an RNS (?)

It's all probabilities and for me the probability that we won't see a grant in Q1, possibly even Q2 was raised today given the RNS.

Also I found it strange OF wasn't all over YouTube today like he normally is - hmm...

Still love the company, just putting an hypothesis out there for discussion..by all means take 'issue' with it, but it's not worth being dramatic over, just discuss the argument.

Author Interview: Looking at the Impact of the Critical Minerals, in Nevada and Beyond

An interview with Ernest Scheyder, author of The War Below: Lithium, Copper and the Global Battle to Power our Lives

https://sierranevadaally.org/2024/03/18/author-interview-looking-at-the-impact-of-the-critical-minerals-in-nevada-and-beyond/

Lol ~ @whywaste, okay you're right nothing is 'definitely'

better choice (for me) there's a 'high probability' of news soon.