Member Info for ReboundLess

I don't think Yanis is trying to deramp, he's just lost a bit of confidence. Hopefully the gain today helps him settle a bit. I've no idea what destitute is doing, but neither does he. Poor old sod.
Tomorrow is a Wednesday, and that's the day this company releases information typically. Wouldn't be surprised if today's finish is from people knowing that.

It's very easy to talk when one has no skin in the game. I hold a similar amount to BB and am not scared, depressed, selling, or destitute.

Releasing incomplete or incorrect price sensitive information is frowned upon in regulated markets; so for anything that could have a large impact on the valuation of the company they would need to dot their I's, cross their T's, and shut their mouths. The oilfield equivalent would be a "tight hole", where news from the rig needs to be kept secret until the results are released to market. Might just be on holiday though, as they could talk about Adeline...

No talk on twitter for more than 20 days. Longest break from tweeting in a long time. Could be market sensitive information, good or bad. DYODR

Restarting, not re-starting.

>Reboundless - where are you ? I would welcome your take on the latest developments ( without unnecessary REVISED calculations). Just being lighthearted - but I did warn you all
Actually Shrews, Martin only confirmed what I originally said "you can figure most things out from the prospectus and previous reports, anything on top of that is cream" or some such (which you gave me an undeserved *******ing for).
If you plan to rub my nose in the dirt about posting drunk nonsense, I am fairly sure I already did that myself? I'd partaken in far too much wine at a friend's house, and had been speaking with him on this subject. Arrived home after 2am and dunning kruger took over my keyboard. Not sure who takes over your keyboard at times, but he's a bit of a t**t. I enjoyed this post though, as I do most of them.
With that out of the way you were (albeit shyly) speaking about the upcoming results - I had only tried to point people back to the most recent information which was in the prospectus. It stated some new facts and a lot of people missed that.
I didn't particularly mind the interview, it helps people stop thinking about the short term and focus on the long. I'm sure the rocks are right. The price might move up or down, though the number of share I own and what I see as the value remains the same. Interested to see what the potential M&A deal is, but can only guess that it's either Venus or Empire Metals related. Thought the COO could be as well.

Sorry, was very drunk last night and posted a very off version of what my spreadsheet says, self-admittedly trash. Words might be right, but my calcs there are all wrong (used usd in places with a £, DSO price wrong, etc). Shouldn't post drunk, won't do it again.
Nothing wrong with a bit of a punt, that's why we're here. One of the problems with trying to gauge how much the price will increase is that there's not a lot of analogous companies out there with which to make a comparison to Chesterfield. Sandfire Resources is probably the best example of a similar sized player finding a large, high grade VMS deposit. Their initial find was thought to be small, but the markets reacted positively (and negatively, the price was like a yo-yo for a fair while). They were able to fund a step out program and the company was worth a billion AUD within a couple of years. Fantastic read up about it here: https://stockhead.com.au/resources/zero-to-hero-this-is-how-copper-play-sandfire-went-from-4c-to-8-in-18-crazy-months/

But yes, speculation, etc. It's already far too late in Sydney.

A good strike here isn't like a strike elsewhere. A strike here could be like an early Scuddles/Golden Grove find or other similar plays. The value isn't so much in the specific find, more in proving the play.

Hi Wittering, I didn't see your question about the "£6MM is 1/10th what the market cap will be if they find a 1Mt resource @ 2% Cu, and they expect larger, higher grade finds."
These are just numbers of finds that have been in similar play opening discoveries - similar companies and what people would potentially value the company at. It's hard to be exact, different regions behave differently. I have excel spreadsheets trying to figure this (to my wit's end), but it is purely speculation - based on similar companies finding somewhat similar resources.

For firm numbers you need to wait for a JORC report, but a good JORC compliant report stating these facts would likely mean the market cap being higher than what I stated. This share, in this market, with good results, and few willing traders - who knows? Not trying to ramp, we have good rocks and few traders. We're already 1/4 the way to that prediction without a significant find being graded anyway...

very basic calcs without my factors in play (tell me where i'm wrong, i don't mind):
1 MT * 0.02 = 20,000T Cu (1MT@2%Cu)
20,000 Cu * price of copper = ~£139MM
Price of extraction, price of shipping, price of etc etc etc. Everything is up in the air. 50% is a normal cost for dumping with DSO in small amounts. Add in royalties, etc. You're looking at a quarter.
The market only ever expect that you may to able to make at most 1/8 of everything you pull out of the ground. At most. They are very pessimistic sorts, but with fair reason. with all these factored in my fair value only comes in at around £4.44MM, and usually, you'll only ever see maybe half added to your share price. Probably not even that much.

Where the pricing changes is that a find of that kind confirms things that have been said. The confidence that a find would make in this play is important - it's not been tested for many years. It means that it could be a potential Flin Flon, and it's why I presumed a major would come in to take a stake on a decent confirmed hit. They got in early though, so remove 15-20% from my prediction. ~£40MM for a decent find. Seems they're not all stupid after all.

***EVERYONE HOLDS HANDS AND SINGS KUMBAYA***

Agreed Shrews, just please stop being a d*ck. Your comments are always very reasonable, other than the way you treat people. I always appreciate your comments, but you don't really remember who is pro/con/ramp/not-ramp. You flip out because people are impatient and don't understand what they hold. It's annoying, I agree. We just have a pretty special board right now, so let's keep it that way.
Just chill out a bit, it's going to get much worse as soon as normal people find out about CHF.
Sorry for calling you a ramper :D

Well at least we can agree about the mindless drivel. Maybe leave the **** and vitriol out and we can go back to being on the same side (Look at my posts, I've repeatedly said no information soon). My original comment was far from guessing about results, it was just stating the facts that we have - anything else is cream. You've dragged this conversation out further than you had to - it's tedious. You want to be so special that I just can't believe you don't have a twitter account. I've no idea why you're so angry when you own part of a great company.

Wittering, it's just the same as always, but with a little sweetener. People saying good things, people saying bad things. The rocks remain the same and that's all we're interested in. Lovely, lovely rocks.

Hi Shrews, not going to be as rude as you because there's not much point to. Natural copper is rare and is a definite tell tale sign of a copper source in the vicinity. KinValley is a large prospect. What you draw from that is up to you. You're not providing any information, so your posts aren't useful. Seems more like ramping than anything else. I'd call you sh*tlow, but you'd probably melt down that you've been found out.
We don't need to be angry at each other in here, and to be honest, I have no idea why you're bringing negative energy to an otherwise positive conversation. This is one of the nicest boards around, but you're bringing it down to AIM levels. You've only ever been rude; frankly, it is rather frustrating. I never said "I can tell exactly what the grades are from this post". If you can read between the lines there is mineralisation at Evlim - Kinvalley is something else entirely. I really wish you would stop fighting people in here as it is not at all productive.

Weeks and months? It was released on the 8th of December. While the bulk of it would've been written previously, there is recent information contained within. Maybe it was too long a read for you? From page 32:

The Group is currently engaged in a 2,000m diamond drill programme. Sulphide mineralisation has been
encountered in a number of holes and the Group is awaiting assay results. At the KinValley target, the Group has
also encountered several significant intercepts of native copper, which is copper that has leached from sulphide
mineralisation and has been redeposited in an almost pure state, often in the form of nuggets. In this instance the
copper is often highly visible in core samples, and has also been observed smeared across the drill bit. This
discovery of native copper is significant as it is typically inexpensive to process without the need for, flotation and
concentrate production. Thus commercial projects can be viable at lower grades. Furthermore the presence of
native copper also indicates that a sulphide-bearing mineral source is likely to be relatively close by.

To be honest, you can just read a few previous reports and the prospectus to figure out a lot of what is happening. Anything on top of that is cream.

Not sure why you expected to be offered shares, it's a private placing. The benefit of a private placing is that there are new, often influential, investors. Most rights issues are terrible, the only good one I can think of in the last few years was the M&S Ocado deal. Only through the method with which they handled it, not the product they were using the cash to purchase.

Prospectus is out. Maybe you can stop complaining about each other now.

3.44P