Member Info for raggedtp

I was just about to post that too! I think it's an important one. I've not had time to talk to Brett for some while and I think they've done a more important job in SA than I thought. While I was happy that the diversification would fund Head Office costs within a few months, the acquisition of an HMS licence would really bump up the asset value of the whole firm, even as a minority interest. This makes me very happy to wait out this coming year with no worries at all. We already have quite a lot of shares, and for position-sizing I shouldn't add more, but I'm thinking about it now.

Two questions after studying this update:
1. How likely is it that this company will be valued at 2. How hard would it be for it to be double?

I think the only argument against 2 is that PIs set the price of this on a day-to-day basis. We need more and steady new holders.

Thanks for that, MALTBY, as I'm not on Twitter and things feel a bit quiet.

I'm pretty sure it's November and then another 7 years. And yes, they have the prime earthmoving contract for the Tungsten Hemerdon mine.

I would say it is just a very illiquid small share at the moment. Try putting in an order for 1m shares and I think you'll find the price higher...

I hold mine at Charles Stanley & Co. They just trade thinly at the moment. I do think I will be rewarded next year; kicking myself I didn't buy more in the recent fundraising. The Align Research note from September is quite rational, and drilling results are on track.

Hello. As a long-term, pre-gold TTAU holder who was keen on Brett focussing only on these gold prospects and invested further on that assumption last year, I've very happy with this RNS. It does seem to show their IRGS method is hitting the lodes. If the rest of the assays all score, I will be delighted, and frustrated I didn't have more funds at the last fundraising.
It's a big IF, but if the prospect results are as good as hoped on the four of the 8 main targets then discussed, 8p is certainly possible in 3 years, just based on roughly 2p per score.

I hope Brett becomes very rich!

Well, I'll have a look, thanks, but I'm not keen on hydrocarbon exploration any more. The world will move to battery-backed renewables faster than anyone believed possible 10 years ago. I some HUR into WEN, because I sat on 0% yield for 15 years, and this is a producer now (I've been in other explorers), and WEN is into payback time with an 8% yield.
Otherwise in energy I'm in solar and batteries; won't shoot the lights out in capital terms, but secure 6-7% beats quite a lot.

And if you're interested in explorers and think there is any role for Australian gold, there's a moonshot in TTAU, an AQSE listed minnow with a lot of history. But it will only take one more set of positive drilling and a CPR to treble today's price, I believe. Its the last I can be burned on!

Good luck to you.

Dear All
I don't post here and won't again. While I was not that big a shareholder, I was a long-term investor, by which I mean long, 15 years, from the founding of the company. It was always a punt, but I let myself get sucked in too far, perhaps by the paperweight on my desk that contains sweet, light crude from the Lancaster Discovery of August 18th 2009.

I have finally sold out immediately this morning on reading the RNS. I had always said the story needed to be resolved at latest 10 years from that Discovery. If only I had obeyed my own rule! But I still believed in Robert Trice's theory at that time.

Why I am bothering to post here is that I don't want anyone to be under any illusions. There just might be some real upside (not saying the traders of you won't make 20% here and there), but to prove it requires the bondholders to be onside with a new capital raise, and they, as senior debt, are in charge, so ordinary shareholders are more than 50% likely to get wiped out. I won't wait 2 years more, with an unknowable oil price, to see if the new theory, put forward by a BOD , most of whom with less skin in the game than I had, plays out. Certainly they are not believing in FB any more, and the water cut is ominous. Anyway, I will lick my wounds and rebuild in other plays.

While I am not responsible for the company in any way, I am sorry if the public listing of the company loses you money too. Good luck to you all.

I think I'd take 16p right now. I have other ideas for it...!

I think I'd take 16p right now. I have other ideas for it...!

Interesting what an acceptable bid might be, as Hurricane as I have just checked and Hurrican is more widely held now than I thought. So Kerogen, Crystal Amber, Artemis, even Stonehage and Robert Trice don't get you far enough. I have been in since the beginning (the very beginning, 2005!) and am probably the only mug from then who didn't sell down nearly everything at 50p at the two opportunities there have been. I would accept less now!

Dependson the level of your pension payment. Add them together, subtract annual personal allowance of £12,500 (assuming itis the only allowance you have) and £2,000 dividend allowance. If the number is not huge, the £10,000 div income will attract only 7.5% tax (https://www.crunch.co.uk/knowledge/tax/tax-rates-thresholds-and-allowances-for-current-tax-year/#:~:text=The%20tax%2Dfree%20dividend%20allowance,taxpayers%20pay%2038.1%25%20on%20dividends.)
So £750 tax. But I would always BED and ISA your holdings as necessary every year to get £20,000 of capital into your ISA while this allowance lasts (and I wouldn't be surprised if it gets cut next year; the national debt has to be reduced somehow).

Did you sell out before it became Tectonic Gold? It's a completely different story now.

Invited in. But make no mistake, this is risky stuff and many fail, so you have to make and live with your own decisions. You could start by searching around the term angel investing. But remember, this is 13 years on now and not a particularly good return yet, given the years!
And exploration licenses were bought with investor money with limited timescales to drill, so RT had to make a credible case to the authority that we could raise funds to drill. Would probably never have happened without the initial involvement of James Hudleston.

As someone in at the start of Hurricane, 2005, and holding ever since, can I just say to some that this is not quick money. I am pleased by the Spirit deal. This started with a handful of investors and about 3 people. The full value to the UK will emerge, one way or another during next year. Perhaps some PIs will make a killing between now and then. Perhaps an oil major will buy it out early, but if you can hang on 18 months, you should be rewarded. For those not involved in mining companies before, unless you trade on news stories, the value is only really seen when you start getting saleable stuff out of the ground. And if Robert Trice is proved right, he deserves a gong for services to UK oil and gas, because not many believed him. Spirit clearly does, and that relaxes me considerably. A little more patience, although, to those of us beginning to notice the years, that can be hard.

Yes, they are. I have the contact at Peterhouse if you want to buy in, but you'd have to commit pretty quickly.

End of next week/beginning of week after, if Monday's resolutions are passed. Do you intend to sell?

Oops, sorry! Yes, NEX. Was distracted in considering the intention to follow on with an ASX listing next year.

I hope you have all managed to get your votes in (hoping you are not stuck in Beaufort). Having had to be patient, I am now convinced, given the work for equity deal with Titeline and imminent ASX listing, that this is a very interesting project. There is very little available in the UK capital raise, and I would suggest you hold on listing. Of course, please let me know if you intend to sell immediately, as you might make it worth holding on to buy in the market.

I think end April on NEX, but before you sell, best read what they will put out. Yes, it has been frustrating, but people like Brett Boynton are heavily invested in this working. They want the opportunity of a stepping stone to a larger capital raise in possibly going to LSE. NEX listing should start at 2p. But unless you need the money, please understand that the directors have significant incentives to attain more. The new company has basically nothing to do with graphite, and everything to do with gold. Timing might eventually be right in a year or two as cryptocurrencies collapse and people decide that gold does have appeal after all.