Member Info for RachT2

Fanfare - imagine trumpets blowing. At last we can find out some hard facts and figures for JL. Brilliant news. Seems like 80M are giving a lot away in return for just 2 holes being drilled - but they get to keep 30% of the project and $500k and a free carry. So not too bad in the circumstances. Gets my vote.

Ashton — ramptastic as ever.

Your transparency is remarkable: you faithfully regurgitate selective snippets to suit your narrative. "ES said this," "RM said that" — so what? These are the same individuals who repeatedly assured us that Dundas would be rapidly advanced to production; that Thunderstone was a valuable asset set for progress; that Hammaslahti and Outokumpu would be imminently developed... and on and on.

Let's not forget: they recently claimed no fundraise was needed anytime soon — only to conduct one within nine weeks. We were also told that Greenswitch would be generating revenue in Q1, and then that delays were due to feedstock shortages — when the real reason was the plant wasn’t even finished.

The list of missed assurances, failed targets, and shifting excuses is long — and you know it. Yet you choose to selectively present company statements as if they can still be taken at face value. How convenient. How disingenuous.

It’s a good thing there are voices here willing to provide the broader context to your selective ramping — otherwise, some might be misled into thinking the BoD’s word actually carries weight. LOL.

Over 6 weeks ago ES told us 'Administratively, we are working with Hydrogen Valley to resolve outstanding condition precedents prior to excising our next option,....'. Looks like the Italian court cases are still ongoing and the time frame to pay the additional £6.05m is getting closer by the day. Ownership of Greenswitch is still unknown. The plant is yet to start up. Lots of staff and consultants being paid and additional project costs established - and yet still no income. Where's the money to cover those costs coming from? Little wonder that 80M have not advanced to the 49% holding they claimed to be acquiring. They remain at the initial 24% purchased. So presumably they'll only receive 24% of any income. If there is ever a profit made then 80M has to find an awful lot of money before they benefit from it. Oh dear, it's not quite the cash cow some portrayed this to be. Tick tock ......

And exploration licence details have to be submitted by the end of May. Tick Tock................

Some disciplined and structured purchases going through this pm - not massive volumes but overall a slightly larger volume than normal today. Might just be reaction to MET1 SP rise? Interesting none the less.

Readers here will already know of my opinion (and the reasons) why I believe the likelihood of 80M shareholders benefiting from hydrogen production is zero. The link below adds more substance to that opinion. Have a good weekend.

https://www.ecoportal.net/en/korea-historic-discovery-water/5269/

Ashton - I am not obsessed by your trading failures / successes, you flatter yourself to think that I am. I post them regularly (and will continue to do so) to point out to new members of the board (and remind others) that despite your apparent all encompassing knowledge of Jay / 80M and your incessant ramping over the years, your investments in the company have lost value during that time. By your own admission you have had to average down on numerous occasions to keep your average anywhere near the current SP. If you genuinely have managed to get your average to below 0.30 then you have invested 1,000s of £s or more likely 10s of 1,000s of £s - and are still sitting on a loss. Way to go. Your post seems to be self congratulatory, not sure I'd be bragging about such a failure, its not a good look - you have previously told us your investment 'plan' failed. You've invested 10 of 1,000's of £ to be sitting on a loss - with no sign of imminent sales, no sign of imminent profits, no sign of partnerships etc etc. Just your usual fairy tale expectations. You are still maintaining the faith - I'll give you credit for at least doing that, but your investment tactic is not one I'd recommend any time soon.

You've pointed out an isolated example of my inability 'to read correctly between the lines'. Therein lies the problem - your posts are frequently vague and so non-commital as to utter them useless drivel and often utter tosh. Such gems as 'I can't say more' or 'I'm expecting news soon' appear frequently. The company has a record of issuing and RNSs every 5 - 6 weeks - of course there'll be news along soon! Any clown can predict that. How many times have you led us up the garden path with your cop out of not being able to say more? Only to find that actually you weren't aware of the more crucial events such as fund raises, or the HV deal, or the WFE buy, or the disappearance of Thunderstone, or the peanuts receivable for the Finish assets, or the ……… etc etc. Just re-read the 2 posts you referred to - yep, repeating more non–committal and vague drivel. You cover 3 points

You're hoping to have a celebratory drink with CC if / when JL comes good - yawn.

RM admitted ages ago to another disappointment / failure - this time Kangerluarsuk and you think it might be for sale. Yawn. Probably worth as little as the Finish assets so that might be another flop anyway?

You advise Jimbolina to have faith in the 3 'assets' that you think have the best chance of enhancing shareholder value. Now lets me guess which ones they are - Disko, JL and Greenswitch. Yawn. But you have still failed to address any of the MANY red flags I've raised concerning these 'assets'.

Of course if just one of them is advanced this year you'll pat yourself on the back again and declare your brilliance and continue to post your vague drivel. But, if they're not advanced this year you'll still continue to post your vague drivel. Still, you will be out of this company all tog

Well BP's news of today makes 80M's dabble in the energy sector look to be on quite shakey ground / ill-timed - strange cos they're undoubtedly experts in this sector. 😉

''BP (BP) is putting on hold a project to expand biofuel production at its oil refinery in Castellon, Spain, Bloomberg reported Tuesday, citing a person familiar with the matter. The source told Bloomberg that the British oil and gas giant paused production at the site because of lower-than-expected growth in the biofuels market.

Sustainable aviation fuel had been part of a 2 billion-euro ($2.2 billion) decarbonization plan at the site, according to the report. Contacted by MT Newswires, a BP spokesperson declined to comment directly on the report although he said BP had indicated earlier this year it would likely scale back on building new biofuels facilities while possibly ramping up co-processing elsewhere.

BP has already paused work at a proposed biorefinery project in Australia and was reviewing others, the spokesperson said, adding the company expects to advance only one proposal to a final investment decision by 2027.''

Regarding Greenswitch; this from the 80M BoD - 'Q2 2025: Aim to ramp up biodiesel production to 50,000 tons/year following maintenance and supply chain formalisation.' Well that ain't going to happen in Q2 - and as it looks like customers are thin on the ground will it ever happen? Oh dear.

Anybody else notice that in 80M's RNSs the 'About 80 Mile Plc' postscript at the bottom of the page there is never a mention of Greenswitch? Finland, Disko, Thule, Dundas are all there but NO Greenswitch. Fancy that? Another error no doubt. Ashton, can you tell them to correct their news releases? 🤣

Ashton - And you have the cheek to say I talk a lot! 😃 Your recent posts are pure waffle - nothing new, just regurgitating the same old meaningless and, more often than not, incorrect / inaccurate drivel. Perhaps that is your tactic - swamp the board with ramping drivel and drown out opposing voices. But back to your question. Disko Drill ‘25? Raises a few more red flags I'm afraid. The BoD have just stated - “The JV IS NOW PLANNING a focused ground loop electromagnetic survey”. NO mention of planning any drilling. Bizarre that - RM allegedly stated that DD ‘25 will occur. Is the BoD erroneous / misleading investors? It is giving out a different message altogether. Or is that another ‘standard phrase’ that has incorrectly slipped through? LOL. If they know DD ‘25 is planned, why talk about ground loop? There is around 7 weeks left before the deadline for submitting applications for drilling / exploration - if DD ‘25 is planned, those plans should be laid by now. If not, why not? If they are laid for DD '25, why issue news information informing ground loop? Doesn't add up. Do I think DD ‘25 will occur? Based on all the information available to me then I think the best you can hope for is an immaterial single target half hearted drill (two at the most) to save face. But it's more than likely that DD '25 will fail to materialise. Time will tell if we've been fed another one of the BoD's over optimistic ramptastic statements.

New all time low today I see - have you had to top up again? 😉 Perhaps my guess at 0.22p for a fund raise was a little optimistic 🤔

Ashton - “I keep my ear to the ground”. ROFL - so that's why you

Were 100% sure there wouldn't be a fundraise during the latter part of ‘24

Were completely unaware of the HV purchase

Were unaware of the interrelated WFE ‘purchase’

Don't know what happened to the valuable assets of Austria or Thunderstone

Discovered after the event that the value of 4 assets was only 0.6% of the value you had estimated

Lost over 98% on your initial ‘large six figure’ purchase

Lost over 85% on a second large purchase

etc etc etc

Looks like your ear(s) need syringing; either that or you've been led up the garden path. LOL.

Well we wouldn't of expected anything less than another hollow ramp from Ashton and Tech - clutching at straws. So the RNS of today is possibly misleading / incorrect because it contains a “standard phrase” used in a previous RNS. PMSL - deluded and desperate. The latest RNS has again mysteriously forgotten to mention the fabled much reduced Disko drill of ‘25. Has a Disko drill ‘25 appeared in any RNS since Kobold said no? I can't recall any. Today's RNS is quite clear - regarding Disko 80M have “an agreement with Kobold metals to GUIDE and FUND exploration efforts.” Couldn't be clearer that. Kobold have said no to Disko this year and aren't going to fund a drill. Simple! Instead “The JV IS NOW PLANNING a focused ground loop electromagnetic survey”. Or is that not right Ashton? Not ONE mention of a drill - not even a token gesture single target drill. How forgetful of them to have not updated their “standard phrase” to ensure investors are accurately kept up to date. Poor show. LOL.

Bringing matters back to subjects a little more pertinent than the fact that the new Minister of Education, Culture, Sports and the Church is Nivi Olsen (LOL) these 2 recent statements (kindly reposted by Ashton) haven't aged well. Oh dear, yet more unfulfilled assurances (inaccurate?) RNSs from the BoD - quelle surprise. My comments in UPPERCASE.

" The Company remains confident of plant restart in the coming weeks once feedstock materials are received. The plant, which was closed during 2018 for refurbishment, is now ready for complete restart and full production ramp up expected in Q3 2025.” WELL IT WASN'T ACTUALLY READY WAS IT? DESPITE BEING CLOSED FOR 7 YEARS! DELAYED REOPENING APPEARS TO HAVE NOTHING GO DO WITH MISSING FEEDSTOCKS. LOL.

“The Company expects to provide updates on feedstock supply and offtake agreements for biofuels in the next two to four weeks as well as a detailed operation update." - RNS 12 February 2025. WHERE ARE THE NOW OVERDUE UPDATES ON FEEDSTOCKS AND OFFTAKE AGREEMENTS?

Typical 80M - issuing RNSs making statements that go unfulfilled just seem to tumble out of it on a regular basis. Ramptastic. Of course Ashton accused those of us who questioned the BoD’s statements as merely causing mischief - oh dear, we have been proven to be correct to question the BoD’s over confidence - yet again. Familiar?

Correct me if I'm wrong but have we not just hit another all time low? Ashton, get your cheque book out - you might need to average down some more. LOL.

I think the RNS we are all looking forward to is the one that actually tells us the Italian court cases are closed and ownership of Greenswitch has been decided. Hopefully that turns out to be HV / 80M - but there's no guarantee of that.

CC - ‘It's a blatant attempt to damage this BB.’ Really? You do underestimate and misunderstand me. There is a facility to blacklist individuals should you don't like / agree with them or the content of their posts. Anyone and everyone on this board can use that facility - so any attempt you have imagined to damage the BB (or any BB) is unlikely to ever succeed. That's clearly not my intention. Why would I wish to damage the board - the banter is most entertaining.

Ashton - off again on your usual disregard and deflect response. Not one counter argument or correction to the many red flags I've raised, just another personal attack. One which might be considered as disgusting and belittling. There are obviously no points that you feel able to (or need to) correct - despite your close ties to certain members of the BoD and your non-stop ramping of the company. Did you not ask about the missing Austrian assets? Or the disappearance of Thunderstone? Or why the Finish assets were not progressed as we were told they would be? And so on and so on….I find it unlikely that you have not asked, you claim to be (and seem to be) very thorough in your research - yet apparently have not felt it necessary to request details of these missing ‘valuable’ assets, the unfulfilled projections or to question the £Ms wasted thus far. That seems very remiss of you. I think it inconceivable that you haven't asked. Perhaps you have asked but didn't like the replies? Perhaps you asked but don't wish to share the answers with us? Perhaps you simply don't care and will continue to ramp the company regardless - after all you have bought an awful lots of shares in them and the last thing you would want is for any more negatives to surface.

Wow, I can't believe it's over 10months since I made that post, is this the 2nd or 3rd or time you've reposted it in your attempt to discredit me? Still, I suppose you are unwittingly doing me a favour; anyone reading this BB will realise that any of my posts that refer to any individuals were intended to be nothing more than an inconsequential expression of opinion and not fact. Thank you for bringing that to everyone's attention.

CC - Oh dear, you are rather touchy today. Your post referred to a 10X rise and then queried reasons for the recent price rise - and I answered. You have now changed the question. You recently stated that you weren't 'intelligent enough' to perform the most basic of tasks required for a micro investment strategy - despite earlier in the day stating that you preferred using a micro investing strategy for 80M! Spot the discrepancy? It's perfectly plausible / likely that if you aren't 'intelligent enough' to perform those simple tasks then you might not have been aware of consolidation. No intention to belittle you of course.

Ashton - you do make me laugh - you are so full of BS. I DO NOT recognise the importance of your questions - in the format you insisted on (one word response) they were petty and utterly irrelevant. What I do recognise is the ability of major events to potentially move the dial. My replies clearly explained that. On previous occasions when I (correctly) predicted fund raises you posted the same nonsense - suggesting imminent good news on Kobold drilling Disko in 2025, imminent asset sales, imminent partners and current discussions with 'European groups'. Wild ramping guesses which all turned out to be BS. How accurate are your present speculations? Probably a similar level of accuracy to all your other guesses / valuations etc.

CC - 'then multiples by 10 in a matter of weeks' - 'can anybody explain the recent Met1 share price, because I don't understand it.' It's very basic stuff, have you not read any of MET1's news recently? 10-1 consolidation. If you don't understand consolidation then I'll gladly explain. But if I have to do that it would make me seriously doubt whether you really should be dabbling on the stock market. LOL.

Continued.

Jameson. I've posted previously (you failed to respond) that the figures from Arco do not correlate with the ones issued by the official GUES estimation. The GUES figures suggest that Jameson holds far less than Arco stated. So what exactly does lie beneath Jameson? Who has pockets deep enough to find out? If a well funded partner is announced then that could obviously be to the benefit of 80M but if a tin-pot cash strapped entity is all that 80M can attract then how will the market view that? Not favourably is my guess. Who knows if they will attract a partner or not - they talked about imminent partners for their Finish projects (and others) but alas, none materialised. Fancy that.

Greenswitch - I have written extensively about all of the question marks that hang over HV / Greenswitch and yet you insist on distilling it down to a simple (but utterly irrelevant) question of whether or not they will start production this year. Is that really all that interests you? Is that really all you judge your investment decision and valuation on? Or the only factor that you would have existing / potential investors base their investment decisions on? Blimey, even I didn't realise you were that blinkered / biassed / naive. You pay no regard to ownership, to delays, to the fact that 80M holds only 24% of HV, to when will production actually become profitable etc etc? You have not responded to ANY of those rather crucial queries I've raised. Surprise, surprise. Oh, they might get a grant too - how much of a certainty is that when ownership is being disputed in the Italian courts? Still, as long as they start production this year you'll be happy eh? Unbelievable. I think you'll find most other investors are more interested in a lot more criteria than you appear to be. LOL.

Of course, the 80M BoD will polish whatever news they issue - that is one thing they have plenty of practice at doing. So the usual spikes will hopefully occur during the year and be good for trading - but as for long term shareholder value I see nothing that makes me think this BoD will do any better than they've always done. But, I hope I am proven wrong and long term holders are rewarded for their patience and for their long suffering belief in this company.

Same old Ashton - if only, if only, if only…… One day Rodney. LOL. But let us talk reality - FinnAust / Jay / 80M and the BoD have not followed through on monetising any project in their history. Institutional investors, the market, the world and his mother know that. Do they not just lose money on everything they've ever done? Yet you've ramped tirelessly throughout failures and while they've squandered £Ms of shareholders money. £Ms spent on 'exploration', costs and enriching the BoD and so here we are. The recent sale of Finish 'assets' being a great example of their strategy / performance. Your extremely poor investment performance at 80M (one large buy down 98% and another down >80% and having to regularly average down) is evidence enough that your valuation methodology / expectations have been erroneous for quite some time - Thunderstone and the Finish assets turn out to worth a mere 0.6% of the value that you had placed on them - a value you posted in yet another one of your ramps. So the reality at the present time leads me to a 0.22 guess at the next fund raise price - that's based on the many previous FACTS - it is a figure most certainly not based on your failed 'if only' investment strategy. It is pretty obvious that if they come good on one or more of your 3 targets then the SP may rise and any fundraise might be at a higher value than 0.22 - but……….

Your own failed valuation methodology, investment strategy and obvious bias seems to make you unable to grasp that your questions are deserving of more cogent replies than simple one word answers. I reply to those questions in the full knowledge that you will again be dismissive of my reply and that you will again simply ignore the many red flags. Your bias is insatiable.

Disko. Any drilling that might be announced this year won't involve Kobold. How does the market perceive that news? Not favourably is my guess. The planned drill was going to cost $11.6m, that was 2 years ago so adding in inflation that same level of work would probably cost c.$12.5m today. If 80M do anything less than the planned drill how will the market react? Not favourably is my guess. If a drill does proceed it will obviously be a much reduced drill as they simply don't have the funds to do the full drill. How many targets will they be able to afford to drill? Certainly not all those that Kobold spoke of. How will the market respond to them only drilling one target? Not favourably is my guess again. They can probably only afford to comprehensively drill one or two target areas maximum - you had better hope they turn out to be very lucky and pick the best ones on the block. Anything less than perfect results - how will the market react? Not favourably is my guess yet again. Of course if they hit the jackpot then hoorah. Ultimately, will they drill this year? RM says so, so it must be true. LOL.

Continued....

Wow, surprised at the spike in MET1 but well done to anyone that has benefitted. It has also pushed up the value of those shares that 80M holds in MET1 - so some rare good news for 80M. The shares are still only worth a fraction of what they were initially but it does help 80M's balance sheet slightly.

CC - I much prefer to concentrate on matters of relevance rather than those that are irrelevant. In regard to Ashton's challenge I will refer you to the comments LWHL made when Ashton pestered him / her to undertake the same pointless exercise, I think LWHL's replies adequately summed up my own feelings / response toward Ashton's pettiness - it is utterly irrelevant. Additionally, each of Ashton's questions raises issues that are far too complex to be addressed by a simple Likely / Unlikely response - they each require a cogent reply. I'm more than happy to give such a reply to each point in order that the post is of relevance but unfortunately that doesn't suit Ashton's narrow agenda; so in its current format his post remains petty and utterly irrelevant.

Did I post to say I was currently an 80M shareholder? I don't recall doing so - please direct me to the relevant post that states that I am currently an 80M shareholder.

I note that you do not query any of the FACTS or the many red flags that I've posted about - I wonder why? Despite your obvious bias towards 80M perhaps you recognise my posts as actually being not only relevant but correct? If you do actually dispute any particular FACTS that I've posted or you have an alternative interpretation of those FACTS then do please post an appropriate counter argument - I'd like to hear your counter argument(s), and I'm sure other posters would too.

Hi Force - 'dissing'? Hmmm, am I not simply bringing attention to FACTS and occasionally an opinion on them? Please see previous posts as to why I post - you're not the first to ask. Ashton once referred to posters such as me as 'The altruists' - that's a pleasant enough description; but think of me in whatever way you may wish. I like it that folks can't pigeon hole me. 😉

Continued.

Unless the availability of capital magically improves MET1 will (by it's own admission) be at the mercy of other similar fund raises going forward. All the while 80M's holding will be diluted and diluted and so on ….. As I said previously, I don't think 80M shareholders will ever see any more than £250k for all those Finish assets we were repeatedly told were of strategic value, were pivotal and which would have accelerated exploration to MRE level. But don't let these red flags (or the many others I posted about) discourage you from investing in 80M - there are more important facts to consider; like the fact that Usha and Chris are going to have a jolly to Greenland. LOL.