Member Info for Quady

Their not there.

Agreed Strider, this is one of the reasons I wish they had left it at 0.3, as the rich core would be higher and I guess they are going to use the 0.2 figure for the PEA, that's why I am guessing they changed there metric. I trust this will make the PEA more appealing. Which can be no bad thing.

I think this is just people's wording, really unimportant, would be more interested in any additional news.

Sorry FR, I am not agreeing with you, but just stating what I understand. If I am incorrect, then open to someone correcting me with the relevant evidence.

Point is we can have an estimate, but cannot work out average grade, only the average grade which is economic to mine. I concur with the 77% figure for the 0.3 comparison, but doesn't allow us to calculate average because of the lower grade below 0.2, which we pick up in the mining process. This could be considerable. However we on this board cannot estimate this, but dare say the geological team have got some guesses.

The cut off point for the MRE was 0.3 on MRE 1, on MRE 2,it was reduced to 0.2 had they not done this the resource would not have doubled, and I feel would have had a determental effect on the share price. Personally I wish they had left it at 0.3, that would have been easier to see the true estimate. These two points are the cut off points, not the average amount. We cannot calculate that, as we don't have the total resource, only what is economic to mine.

VCKP, may I suggest an early Christmas present for yourself. It's called a dictionary, get one urgently before replying to this post and look up the word Feminism. It's about gaining equality in every aspect of life. It exists because of attitudes like yours. People like you drive Feminism. They should not have too ask to be equal. As for bad manners etc, may I suggest it's yourself that displays this to excess. Your comment on non functioning democracies, is dismissed with a child like mind. Women are still flogged, imprisoned and killed for asking for equality. I have never filtered anyone on any forum. You just became the first.

While chilled out, I have to disagree, a feminist is not a political animal, I refer you to the rape, subjugation and the unfair treatment of women not only in western societies, but far worse in societies that are non functioning democracies. To demean feminists as political animals shows me that you have a breathtaking show of arrogance, that only makes life harder for women in all walks of life wherever they may live.

If we acquired dept to explore, then yes we would be diluted, and our respective holdings worth less. But debt to develop, will have no dilutive effect and quite the opposite, it would lift the share price for two reasons. The first being a vote of confidence, no financial institution lends money to develop projects like this unless they are pretty certain, they will get a decent return on capital, secondly, the money isn't swallowed up, it is invested in revenue producing assets, that give that return on capital. Just look at all the assets, we are not required to build or indeed provide up front capital. The road, port, electric supply and water. This is why I have always said the journey starts with the PEA, not MRE2 as I think people now understand this was priced in. The PEA is only the start, more hurdles to jump, so yes believe we will get a price rise, but the real difference will be the start of building this project.

Thank you Jerry, will do as you suggest and look at the website, when it's put up.

Thank you for the update Jerry, don't suppose he mentioned on the extra slide what the timescale to go to production was. In the past he has talked about a start up to self finance. Do you know if he still has this in mind.

Earthling, It was an insult, as you called me a liar, saying I did not trade this share, I do not need to trade in and out of positions. As for others points of view, I welcome them. For example, I believe this will start down the road to production, others don't. Both points are valid. It is you that does not tolerate others opinions, and your ridiculous protestations that you know peoples agenda. People are here to make money, as there are on every forum like this.

Good morning Schlemiel, also believe in free speech, sorry if I offended you. As for Earthling, please get your facts right. You are correct I averaged at around 4p However I proved this by posting my buys real time, so they showed up on here before appearing on level 2, so people could see I was the real deal. As had a lot of nasty insults from you. I never have traded in and out of this share, I trade a percentage, so am constantly invested. You seem to insult many on this forum. Please desist it's not nice and it's not clever.

Good Morning Mattey23, as far as I am concerned no dumb questions. Only dumb answers sometimes. We had that very scenario at Solg, when the share price was in the low 20's. BHP put in a bid for 28.8 pence and the share price rose to around that price. Just a penny or so short if I remember correctly. The offer was rejected and although the share price was trading above and below, this gave support and underpinned the price to allow it to rise to its current level. It must be said that on this occasion it was because it was a serious bid by a serious company, and thus value was attributed. Going to be a bit of time before we obtain 1 pound, and some hurdles to clear, but in this game patience is often rewarded, if the story is sound.

Hello Strider4, think you have been reading to many books and not held enough positions. My post does not represent anything you say, please read my previous posts. I explained why it's priced in, as are certain aspects of the PEA, again a slow read would be beneficial. My expertise is not in mining. But I do understand what makes and drives a market.

Relax all OK, to my way of thinking. As I have said in previous posts, MRE2 was priced in everyone expected a doubling of the resource. But let me add some meat to the bones. When MRE2 was first predicted to be a doubling of the resource, the share price climbed, lots of people just assumed that this was supply and demand. Sure, but ask yourself what was driving it. An expectation had been set. Now on the PEA, no one has made any predictions about how economic this will be to mine. That's not strictly true. You see lots of announcements saying we have a road, near water and power and port facilities near by. So a good PEA is already factored in the price. However what I don't believe is factored in is the cost of getting it out the ground. This we will start to understand when we get the PEA. We have a long way to go. Only way to get value out this share is too go to production. Anything less will see us taken out below value in two years time, when BHP is not restricted by the agreement.

For those that think a second vote would be democratic, means you don't understand what democracy is. I will give an example: If your argument is you don't know what you voted for, or no one voted to be poorer, then that is irrelevant. Because you could argue that at every general election. The point of democracy is we all have a vote. And it doesn't matter how much knowledge you have or don't have. It's your chance to have your say on how you feel. If you want a so called people's vote, we had it on 23rd June 2016, try respecting that vote. Last point 90% of the lies have been told on the remain side. Take some time to think and reflect on it.

Sorry you feel that way Hawkspear, I try to give accurate information, I am not one of your so called doom mongers or cheer leaders. I prefer to disseminate factual info, and to read factual info.

Good morning SavShare7, yes the RNS is good, and have briefly looked at the figures you listed and see no errors. Just wish they had calculated it on a like for like basis. I was going to try to work out the resource from the chart given, by making the cut off at 0.3, but realised it's not that easy as we have pick up of the lower grade material wherever we mine, so greater than 0.3 figure, but less than the, 0.2 figure when working out like for like. But agree a good RNS, as the resource has grown substantially.

It is undoubtedly a good RNS, but they have not doubled the resource. As they have chosen to calculate the second MRE differently, we will need to see how the market reacts when the market opens.