Member Info for rustybucket

Steviewonder77 well done for averaging down, thats something I didn't do. Thought I had enough invested and wasn't prepared to take the risk.

But well done to those that did.

Updownflat, you are totally missing the point. The point I am making, is that at the moment, we are reliant on third party to meet our quotas of production. We are the behest of the sellers. Now once pioneer is up and running w should be able to have more than enough of our own ore to produce, so rather than buying concentrate at mates rates, we should be able to dictate the terms we will buy it at or something which was discussed a long time ago, actually process third party ore at a cost. That would be a specific profit to us and not affecting our own production always providing we had spare capacity.

I do remember in the past the company was able to " ramp up production " as and when needed.

Uptown flat, I still think POG can have a competitive edge even if price of gold goes down, because if price of gold goes down, then the concentrate we buy in will also reduce, and I would imagine, that we have a certain level of profit we look for.

So I do feel that we have a competitive edge on most. What we need to do is process more of our own, so that when we do buy other peoples concentrate, we are buying it because they need to sell, rather than we ned to buy. That can make a big difference to the bottom line. All my opinion. I would also like an update on what is going on with IRC and TEMI.

brand. At the end of the day, we want the same thing, I just wish there were a few other things in such as performance, profit, debt reduction and increased production. Then I would agree. The majority of posters think the company is undervalued, so he has a head start already. But in 3 years if the share price is £1. We won't be complaining.

If this company was a fledgling company, and he was going to take it to the next level, I would say that was just reward for his endeavours. Personally I think the hard work has already been done with the building of the pox hub, the interest that will be saved on the converted bonds, the ( hopefully ) interest that will be saved when the larger bonds have to be either repaid or renegotiated, because as long as gold price just holds near these levels POG, should be in a much better bargaining position with possible rates to be paid. They should also have amassed enough cash to repay a sizeable portion of that.

So in my opinion we were very well positioned already.

Grant of a performance share award under the Company's Long-Term Incentive Plan 2020 c) Price(s) NIL and volume(s) 4,367,335 Price(s) payable on grant of award Volume(s

I am all in favour of people being rewarded for success. Personally I think this is Excessive in the extreme. And he gets paid.

Whats other peoples thoughts on this ?

just doesn't seem to be able to get over 31p and stay there. I believe once we get over this hurdle, we will see real traction in the share price. Just need to get over it and stay there.

325 to 339 seems crazy, but the larger trading after the positive update, seems to have evaporated.

Updownflat, I wasnt the one to post about the hedging of the ore. However the time to hedge is when the price is high. If it goes up fine, you have the part that is unhedged to make further profit, but, if it goes down you still make a very good profit.

Regardless of that the share price suggests somethings happening. ( Hopefully ) and hopefully positively. And lets hope it feeds into the pog share price at some time.

0.160+0.026 (+19.40%) At close: 4:08PM HKT Tody, that suggests somethings happening there because it was only at about 0.11 a couple of weeks ago.

I have a feeling, that the new bod, will be keeping a much closer eye on IRC. I also agree that IRC have never produced a "real profit" in all the time I have been invested in POG. And if they can't make a profit now, then I would have to agree, that they probably will never make great profits. But lets see what the next results are, lets see if they can get that amir bridge open finally, as that would reduce transportation costs and time to deliver. Even at the price IRC is at now, its still more than the pittance the old BOD agreed to sell our stake for.

This is the problem with newbies. 1 The Inferred Mineral Resource estimate is reported in compliance with the 2012 edition of the JORC Code and is shown on a 100% basis. Newcrest has now met the Stage 3 expenditure requirement (US$45 million) and is entitled to earn an additional 20% joint venture interest, resulting in an overall joint venture interest of 60% (Greatland Gold 40%). So because of drilling newcrest get an additional 20%. How many more of these do GGP have which will dilute shareholders. Thats why I try and avoid these types of companies, they are built up by the sheep, and as far as I have read, real gold production is 3 years away ????

Retired Banker, I see know reason whatsoever ( as long as IRC are making their repayments ) to sell this at a pittance. Just by simply making there repayments we will be relieved of the debt and the guarantee. And, this is the time that IRC should be trying to amass as much cash as possible, to try and make a dent in that debt, whilst the going is good. As others have alluded to the amir bridge, ( if it ever gets opened ) should bring large savings on transportation, meaning that the proposed sale price, in my opinion, was a joke at the time, and an even bigger one now.

Freddie2 seen loads of these types of companies, they are going to conquer the world, but they either have to get joint ventures, new investors which dilutes the existing investors or cant find investors. GGP are 3 years away from mining but are valued the same as POG,

The last company I saw ramped up like GGP WAS SXX. Good luck with GGP, I will stick with pog.

GGP is valued at just about the same as POG. I just don't get that ? Either GGP is massively overvalued, We are massively undervalued, Or a combination of both.

Can you remember Lady no luck and Potty Time ??

And yes septic tells me a lot thank you. Nod need to call our mate that lol. On Blinkx there were a lot of " supposedly knowledgeable " posters. Remember "Becky" The reality was they hadn't a scooby doo.

Dog, too be honest, I can't, I can remember me not being too happy initially and thinking you were being disrespectful, but you soon put me right on that. Bloody hell how long ago is that, seems like an eternity, and a lot of water under the bridge since then.

Yes Gdog, Like that one even better SiiTDooWNandshutthefvckup. Love it.

Best bit about this post is the name.

SiiTDooWN.

Dark_Knight2020, don't observe too long because this is being loaded up ready to sale, and when its sails there will be no turning back. In 6 years time this should be a lean money making machine, even quicker depending on how they refinance the bonds. They already have large savings on the interest they are not having to pay on the convertibles that have not already been converted,

The ducks are going to be lined up. The first one yesterday, and you can get money the new CEO has a couple of his pals from Highland Gold that he wouldn't mind assisting them to get a compliant board. Plenty of upside from this price. To the price its already been to for starters and thats a 33% plus jump from here.