Member Info for Pingu777

Which is 0.42p if they choose that option.

Hahaha yes Faz!

Positivevibes

Any sign of the doom and gloom crew this morning? What a great RNS. Answers so many qs and doubts about getting the drill through.

Over the moon with this!!!

Even after all of our noise it is actually rather simple

They either get the results they want and extract said found gold

Or

It’s rubbish and the project is no more.

Company crashes on bad news

Jumps probably quite a way on good news.

Hopefully an RNS will update us soon.

Rodster, have I missed something? Is the drilling in an NHS hospital car park or something? Who’s hating on the NHS?

Think you need a cup of tea and a sit down.

Chin up Faz.

That afzaal valli bloke being mentioned Super ramps a few shares, all very dramatic, he’s obviously invested in. Be odd to **** them off I’d imagine but he’s definitely full on.

Everyone needs to DYOR and get to the bottom of the risks as the twitter rampers conveniently won’t share much about those.

Warrants were granted as follows:

Grantee

No. of Warrants

Warrant exercise price (pence per share)

Employees (4)



(Total of) 1,600,000
0.340 p
Managing Director
Mr Richard Clemmey

3,000,000
0.340 p

Non-Executive Director
Mr Donald McAlister
1,500,000
0.340 p

Executive Chairman
Mr Patrick Cheetham
2,000,000
0.340 p

Now you can see it one way as the MD leaving because he sees the company not being a success therefore no value in his warrant allocation. Or as I prefer to see it as the company moving him on because of the slow coach non deliverance of any project whatsoever (as previously referred to about TYMs performance).

So for me, if things were drifting before, they should no longer. Their targets asset(s) look worthwhile and I believe good results could skyrocket the company.

Course there’s cash flow risk, you don’t get 10x+ returns for nothing.

So stop patronising me with your know it all/know nothing commentary. Thank you.

The target asset
As a part of its initial evaluation of the Pyramid Project the Company has carried out further geological research and historical data compilation. This has identified compelling analogies between the setting of the Pyramid drill target and the high-grade multi-million-ounce gold deposits at the Midas and Fire Creek mines in Nevada now operated by the Hecla Mining Company after its 2018 acquisition of Klondex Mines Ltd.

At Fire Creek bonanza gold grades occur in narrow veins in structural zones associated with and along the margins of pre-mineralisation mafic dykes. Previous mapping by Battle Mountain at Pyramid shows that target mineralisation occurs in a similar position alongside a dyke-like intrusion of andesite. It is considered that these dykes mark zones of deep-seated structural weakness that have been exploited as pathways for the gold mineralising hydrothermal fluids.

Tdt have you ever read an RNS?
Do gold miners tell you they have anything guaranteed? Why do I have to explain basics like this?
The operational RNS is in my eyes was very positive in terms of the asset and I’d hope enough of a reward to drive the company hard to delivering on the promise of a successful drill.

The historic data shows excellent numbers. There is no political risk in the area of exploration. The company has raised cash to fund the first drill.

Are you saying that they’ll never get the first drill in because they’re a poor company and it’s all just a scam or saying that the coronavirus has scuppered their chances?

I think it’s fair to say cash flow is under pressure in terms of timescales but what is overly complex about the planned next steps to deliver on?

I’ll stick with what I know about gold project. Quite simple for me. Just need to get the initial work and results out to secure further finance if viable.

It’s not an insidious activity. I’ve been involved from early this year. Last years proclamations weren’t great but I trust in them to keep it moving from here and that they’re getting closer.

I’d keep off twitter if I were you! Too up and down about everything.

And even though positive vibes consistent positivity greats on you somewhat the slow but consistent drop in price tells me who’s not overly influencing private investors with their decisions.

Lots of risks here, as with all micro cap miners, but we pays our money and takes our choice. The current price fluctuation means nothing to me - and shouldnt to anyone holding if you’re waiting for results.

If they’re carp then I’ll be surprised and lose some dosh! However, I like the indications we’ve been given.

The fact remains ballbagger that if they obtain good results and these are shared with the world and it’s commercially viable, then the price would likely go up. Rumours are it could jump a lot - especially at such a low company valuation currently. Last RNS re operational update said they were funded short term to the drill. One could expect results soon, a fair assumption maybe?

Can we talk about that please Mr Ballbagger? Asking hopefully.

Agreed.
He can be as skeptical as he likes here - just don’t invest. The facts is that we’re due news at some point soon and investors hope it’ll be as good as has been indicated initially.

On the point of strategically releasing news I was of the opinion holding it a few days here or there can be useful tactically but holding it any longer would be illegal? The market sensitive information inevitably gets leaked and all just looks like insider dealing if there’s a pre-news load up.

So they’ll release it when there is some - that’s all I’m saying.

£92m in intangible assets from accounts. Once they can prove up the numbers and the extraction process out of the ground a lot of that intangible asset suddenly becomes tangible

5wks now since the update on Pyramid. We’re commencing drilling samples ASAP after that. Next update must be due anytime.

Absolutely and completely speculatory... maybe they decided no corporation presentation needed sharing as they’ve one or two updates due anyway? Would be nice.

Whilst I’ve move money out of my other holding Dev Clever for this that’s steadily made gains after the most recent dives whereas this ones bombed. This one won’t be steady at all providing we get the right news and I do t think we’re far off.
I’ve 3.6m here for info.