Member Info for safetyman

AA, my views are of course my views and are there to be disagreed with. For me the market overall does does have an effect on tiddlers. Black Monday in 87 caused one of my toddler companies to completely disappear up
It’s own Jacksie, and I couldn’t sell em quick enough and I lost a few grand there. For me none of anything is isolation, tungsten price, the dollar, tariffs etc have effects on the big boys, that is also true for tiddlers, ultimately what we see on the market is opinion on sectors, countries, commodities, currency etc expressed in monetary terms.

Nah, AA: I take a view that when markets drop, aim stocks are not the first choice for investors to look at and even if they are looking they will not move in unless there is a very good reason. Well that’s what I tend to do for the most part. So imho, any buying pressure ( if there is any) drops off and selling pressure increases ( particularly the twitchers) .Just my theory on it all, I am happy to stick with that. There’s always sellers in a falling market; the dead, the desperate, and the divorced form the vanguard imho. All in all I think big market moves do effect us and how mms position trades.

mining is down all over the shop, take a look at the big boys. Trump is causing a lot of reactions with his sino American trade war tariffs. There are day to day panics ( like today) or rushes upward , but overall it’s the longer term that counts. Once the American mid west farmers are all angry and the soya bean and corn belt economies start screaming ( soonish) he will change tack. Today’s drop
on the markets can be tomorrow’s rise. Strong dollar too as troajan has pointed out. Good day for buying anything today, Lloyds are at super snip price. Even GSK down ( which is usually a safe haven). But, gold my friends, what a thing to have that is! Now would be a very good time for larger ore bodies to be announced imho.

Ere I had a butchers at Shard’s website malarkey. Evidently they got partnership doings with some Marex mob, and the do doings with commodities that hedges against price fluctuations. Perhaps that useful to a mining company? Anyway it was only a front page read so I am open to correction, enrichment or perhaps, dare I say, abuse on this issue. Anything that further elucidates on this is OK. Mind you if it gets personal we is going in a telephone box together ( sic Roberto Duran).

Imagine if you had a gold mine in the cupboard. .....and ohhhhhh 1 million oz right now......

The concentrator won’t be finished tomorrow. It might be assembled though. There might be more trading going on though, positions have to be taken soon or the train could get missed. There is existing production, there might be Regis news, or the old outsider gold news. ..... or more tungsten found. Could even be grant news. And don’t forget we get paid in dollars.... much happiness to be had with the correct outlook imho.

Is not straight forward mecanno. Things like processing arrangement with machinery and conveyors will require after mechanical installation a lot of calibration and trials. There are clutches to calibrate, belts to align, power supplies to be checked during running and correct configuration of feed from one part to another, interlocked systems that must be configured for the whole system to work. A lot of that will have been worked through, the bit that everything feeds into in a system needs to be absolutely spot on- so the concentrator going through the final stages really is the key; we have specifically high spec designed kit that we can see being worked on. I really don’t know what else anyone could ask the CEO to do at this time. Most excellent demonstrable and evidenced progress. All imho.

The concentrator that does not exist? Thanks for the link K3, most pleasing to see progress. It really is tremendous to see what is in place la Parilla when I consider what we saw in September last year. Despite delays, it is impressive.

Attila, you know MM Intimately? As in the biblical sense? Gosh. I suppose you must know who he has lunch with and when etc. As for swallows, one of them don’t make a winter. Cliche based argument , good for flag waving and stirring up the proletariat.

People go on holidays at this time of the year, Spanish take two months and the Germans like to spread their towels over Europe. They should get their backsides to last Parilla.

Kev, I will get one when me boat comes in. Troaj, excellent choice.

Big congrats to making it thus far, you must have seen many drop by the way. I am a youngun at 62, but sadly lost my hair through choosing the wrong genes. You pair of silver foxes must know some very learned things, all advice gratefully welcome.

He is accountable to the several million he personally invested and his wife, whose money, I think he bunged in too. ....... and that’s why I have confidence in the husbandry of the companies money ...... we all make our own decisions, but that’s always been key to my money being here too- otherwise I tend to ftse companies.

Mobley, you might be the oldest now as some have passed away along this road.

Troajan, MM said the issue of contention was in the direction of the ore body, therefore his reference to trenching makes sense . In line with your comment on that, it's not drilling that's required to resolve the differences in expert opinion

Jaffa me old orange, I can only presume that MM is following through where he has repeatedly said that the focus is on la Parilla at this time. Which, in line with your thinking, is that any trenching at Sao Martinho ain’t gonna happen until we are at full steam at la Parilla. Hence, can’t give news on the gold because more data required, which is not going to happen until the spend of money and time for our tungsten is over. Best guess for me, trenching in Sao martini in October, big boys solid news on measured November. Alternatively, big old RNS on gold tomorrow and I am wrong( I have no problem with that outcome). Aimho

STV, when it was Golder, MM was referring to 400,000 oz, potentially more than double that. However, without facts that don’t count for much. My theory is the consultants were saying we defo got X amount but can’t say for sure if it’s X+XX or more. So MM thought he would get someone else, but possibly more brainy, but in all the data there is a big could be- moving that moving it through inferred, indicated and measured malarkey’s my be problem. So I stick with a bit of trenching or whatever before anything is stated. If there is a chance of coming out with in excess of 1 million oz as a big hitter bit of news it would not be worth watering the impact of that with bits of chicken Sheet news dripped in over time. Sorry for me theories, but in the absence of facts I just think.

In my experience the opinion of the one that is most obdurate or is furthest along on the autism spectrum( we are all on it somewhere imho) will win out. Alternatively, a third opinion or more data. My view remains that if there is data to show the ore body lying flat and in vertical seams then it’s both or just loads of it everywhere- which would settle the arguement.

Troajan, I reckon it will go to more drilling or actually trenching around the edges- as I recall MM saying that would provide more data, although he was non committal on what we would be doing on that front. As I recall. My mate posh being a geologist has looked at the stuff and is of a view there is very high likely hood of there being a lot more there than so far stated. But, we don’t have, nor are we privy to all the information. Personally, I am going with me tower blocks of gold theory.

Troajan. The last ‘information’ that I had was at the AGM. That being the most recent information that’s what I go on. As bestest as I remember that MM and co said: publishing production September onwards; The new broker writer guy was there and Kev asked to get his broker note out and the guy said it could be about 6 weeks, MM said commissioning taking place over three months, MM wobbled his phone around to present on what way up the gold was or might be and he was gonna lock the geologists in a room until they gave the answer. So for me it’s September for big boys news. Sorry it’s not all that educated but I didn’t go to school much, then whenI did they chucked me out, then I started out as a cleaner and there are many that think I should still be one. Anyways, no point about what’s happened ( one perspective is looking at the big lump of dirt and now seeing plant and infrastructure at la Parilla or alternatively the delays view) - we are now where we are.....and taking that as a picture it is clearly a rather good place. All in my simple honest opinion.