Member Info for Pocko

They're an utter disgrace. What do you expect.

They've still not disclosed what Bowie's salary is.

What's Bowie achieved since his arrival in August 2023? He's just another passenger out for a pay day.

A poster on discord received a response from the HFD. They stated after the 25th April, stated weeks from then on, but not actually given any definitive response

Spreading cheer again...

I bet your fun in the pub

But you didn't post it on their board? Post it on HZM.

Free thinking? Attitude to negative posts?

Don't put words on my mouth. I could tie you up in knots all day.

Stick to Lloyds

And I'll save someone else the trouble...

You are comparing two projects at very different stages of development, with very different financing requirements.

Posters have duly noted your repeated musings. Take your saviour complex somewhere else.

Anyway, it is what is, and we are where we are...

Just top fiddling around the edges and get the feck on with it.

There's been several scoping studys... And several re-workings of old drill results.

I'm talking about concrete outcomes.

And let's not underestimate just how important the court decision will be. Negative result, and this company is as good as finished.... Sadly.

We agree on the outcome of the court... It's fundamental to the success of the business.

But I won't accept being once again caught in the headlights, when the company receives news pivotal to our success. The case in point being the issuance of the exploitation licence.

The HFD announcement will be Budge's exploitarion licence money. Rabbit in the headlights.

I don't want rapid progress, or advancement. Investors want results, and Bowie, as with Budge are paid to deliver. In othwr words, finalisation. If we can't afford the EIA to be completed, why spank money on Vardar?

And 2024 has essentially been outlined in the last RNS. So no, little of substance will have been achieved. Advanced maybe, but not completed - There's a huge difference.

And to reiterate, we are the market.

The company can only issue so many RNS repeating the same tired phrases. Sooner or later, you have to deliver.

Deliver, and the market buys. It's not rocket science.

BEM are completely passive in the court ruling. A positive result would reflect positively on the government, and we would be the main beneficiary, initially at least.

What the company need to do, and have so far failed to deliver, is to both start and complete something - They have to date, utterly failed. So again, little will have been achieved in 2024.

Markets like positive news.

And being a pragmatist, with the environmental work unlikely to be completed this year, given the fundraise, what will have been achieved in 2024?

Another fundraise will deliver ever diminishing returns, and 2026 looks to be a pipe dream.

I also feel that Bowie was advised that 0.061 was the best that could be achieved by the underwriters, and the SP at the time deliberately driven down by deliberately careless RNS.

I agree... The HFD outcome will be pivotal to both our short and long term future.

I just feel that this current fundraise has been a sledge hammer to what could have been a very small nut in terms of short term funding to get us past the court ruling. Then the outlook would.pook quite different to investors.

I think Bowie is being somewhat disingenuous to say that we have funding options. If that's truly the case, why raise funds at historically low levels, particularly as it's now very clear that we have funding foe a maximum of 12-months.

As for the SDR's, they will get fed onto the open market by the underwriters at profit. They are not investors...

Vardar has been an issue for me for some time, particularly as Budge disclosed that Vardar was essentially about generating news for investors given the malaise in respect of Kallak at that particular time.

And why spend money on exploration, when the business would be years away from applying for an exploration permit and we simply can't afford the investment. It needs to be mothballed.

And I suppose the wording of today's RNS reflects a new reality. Either way, it only funds the company for maximum of 12-months given the cash burn of the last year

Anyone spot the subtle difference...

16th February

The main purpose of the Rights Issue will be to finance the continued development of Kallak, including completion of the ongoing Pre-Feasibility Study ("PFS") and environmental studies in preparation for the Environmental Impact Assessment ("EIA") and subsequent application for the environmental permit for Kallak, and the completion of the ongoing PFS and EIA for the GAMP.

3rd April

The main purpose of the Capital Raise is to finance the continued development of the Kallak Iron Ore Project ("Kallak") and the Graphite Anode Materials Plant ("GAMP"), advancing the Pre-feasibility Studies ("PFSs") and Environmental Impact Assessments ("EIAs") for both. Net proceeds from the Capital Raise will also be used to repay the SEK 10 million bridge loan financing, fund the advancement of Vardar Minerals and for general corporate and working capital purposes. The Company will continue to explore funding opportunities at both asset and corporate levels.

"Advancing" or "completion"? I know which I'd prefer.

Perhaps if they played with a straight bat, the fundraise might have been more successful?

It's the fact that it's re-worked or re-modelled data... It's just fiddling at the edges.

Teddy, like Budge before him is behaving like a toddler in a playpit, unable to focus on any one thing. All in the pursuit of generating 'news'.

Valid point about funds going direct to the company.

I've not been impressed Roller. A little flurry of RNS as predicted, the content of which hardly inspires.

Has anyone looked at exploitation costs for copper? I have and it's expensive.

The company really should be wholly focused on Kallak and to a lesser extent Grafintec - Enough of the low cost exploration nonsense. Get Kallak over the line, and stop the gaslighting of investors.

Plenty on Discord are looking to buy Roller...