The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
Seriously! If you look to where it says ODX share price and then click on it, you will find all sorts of information about this company. Probably information you should know before investing.
Just had notification from HL regarding my TILS holding. It says, 'subject to court approval at a hearing to be held on 27th October 2020, shareholders, at close of business on the 30th October 2020. will receive 1 additional Accustem share for every TILS share held'
Absolute joke of a company and BOD. Quick pump with photos of a rig, and placing straight after. Might be worth a gamble for a few at .16
Don't forget Lenigas was tweeting, so no surprise with the placing.
I always keep some of these in my PF as a constant reminder when considering a new investment.
According to LSE, 33K Sold. 2.6 Million bought.!!!!
Read the RNS....
"This strong cash position is after significant investment to meet continued demand for the COVID-19 test expected in the second half of the year. It is also reported after paying down all outstanding debt, making Novacyt debt free for the first time in the Company's history."
Mr & Mrs Higgs now own 9.11% of the company. Up from 8.10%
British Bulls - 'Stay Long'
BarChart - 'Strong Buy. 100% buy with a strong short term outlook.'
Bags of potential here. All good stocks will attract trolls looking for a lower buy in price. Use the filter button and dyor.
From RNS 30th June:-
Greatland is in a strong financial position with approximately £6 million in cash as at 30 June 2020 and remains well financed to conduct all planned activities over the next 12 months.
Enough said. Any talk of placings is nothing more than any attempt to frighten investors into selling. Always follow the info, and not the ramblings of sub intellectuals on Bulletin Boards.
Regarding the recent £4 million placing, I suspect the only institutional investor willing to take that on would be one that has some control over the sp. I suspect an MM, and last time it was strongly rumored to be JBER. The only positive with that is that the sp is unlikely to dip below .2p whilst they hold shares.
I am mystified as to why any holder in this share continues to blindly ramp it when its clear that there are huge problems with HH and the company in general , and we are obviously not being told the full story by the CEO. I still hold some shares, albeit they are now virtually worthless.
Supporting this company through thick and thin does no holder any favours. We should be asking questions and holding the BOD to account for its persistant incompetence and bending of the truth. By justifying Sanderson it gives him license to carry on as he has done for the past 2 or three years showing total contempt for the people who pay his wages. If this were on one of the main indexes his head would have rolled long ago. II’s wouldn’t have stood for it.
A company is defined by its share price. So a persistent decline in this SP from 10p to .2p tells the whole story.
The questions that should be asked are, what happened to the Kimmeridge sidetrack. What happened to co mingled Portland and Kimmeridge production. What are the current flow rates. What happened to HH2Z and what are the flow rates. Why did Sanderson dilute this company to death by buying out the other partners for something that, as far as we know isn’t even producing 400bopd.
Why did Sanderson take a bonus when the company is on its knees. Why did we have two placings in the space of a few weeks for the same thing, (cost-saving expenditure)?
Many many more. The only thing capable of saving this are superb flow rates, and if we do have superb flow rates why isn’t Sanderson shouting it from the roof tops. Trust in the CEO and BOD has gone, and that is never a good thing.
There is no doubt, this new placing wasn't about paying off YA because of its detrimental effect on the sp. Everyone bar Sharecoin Sanderson knew it was a bad deal, and what it would do to the SP, the minute it was announced. This new placing is because they need more money to keep the lights on and to pay SS's wages. If the YA agreement had been allowed to run its course, then I doubt they would have agreed to enter into a new agreement with UKOG. They had to get permission from the company to convert in £75000 tranches instead of the originally agreed £150000 tranches. Thats because of the low volume. My guess is YA want out, never to lend to UKOG again. There isn't really anymore leeway with the SP.
That leaves UKOG in a spot, hence the new £4m placing dressed up like a pig with lipstick on, again.
The massive elephant in the room, is what happens when they want to drill another well? Develop Dunfold, Areton etc etc etc. Yep, more placings.
HH2Z results? Comingled Portland and Kimmeridge? Where is the news on these?
Flow rates will have to be spectacular from the two existing wells to lift this. Other than that, the only SP movement will be due to manipulation in order to let the new II out with their 10% profit.
This could have been a good company, but has been destroyed by the massive incompetence and arrogance of its BOD.
Checked in here first time in months. Same old trolls at the same times of day or night. Jay Kay and his ‘Tiffany Dragonfly Lamps’ Penguins with 5 years of negativity. Why!!! Check out the posting history’s and you’ll get an idea. Unfortunately LSE not fit for purpose. Still a few good factual posters, but few and far between.
That is the second post where you have referred to UKOG owning just over 50% of HHDL. The first being at 14.24.
UKOG own 77.9% of HHDL and 50.6% of the Horse Hill development. It’s written down clearly in the RNS’s.
They are basic facts and figures, and if you cannot even get your head around those, how on earth do you expect to be taken seriously with your monotonous child like fag packet calculations on company accounts.
Small down bet my a@@e. Anyone with any savvy knows exactly what you’re about.