Member Info for sandgrounded

I said in my earlier post that I couldn’t see the costs in the Quick Look at the interims rns. I assumed $2 million which I thought was reasonable able for a 6 month period, but did ask if anyone had the figures to let us know.

Attacking another persons view with vitriol says more about you than me.

Show me the figures and I will gladly reassess my findings.

The Board have set themselves up now by saying they will buy BTC. Let’s see how many!

As I say the proof is in the buying. Buy 30 BTC and we have the available cash I. The bank and are probably making money.

Buy 5 BTC and eyebrows may be raised.

I HAVE 1.3 million shares at an average of 2p, so you can see why I am a little bit more guarded. After the pump to 3.5 p followed by the 1.9p raise, then another pump last week before this 1.2p raise, has left me wondering what type of management have we got.

Let’s see a substantial buy of BTC please to restore my faith.

“ As of 30 September 2024, the Company had US$2.91 million in cash and cash equivalents”

Add in the £2.5 million placing in January ( approx$3.25 million) equals approx $6.2 million.

You have to take off costs for the 6 months, which I couldn’t find after a Quick Look, so let’s say $2 million.

That brings the cash down to $4.2 million, so no profit or

Loss on income by those figures.

I will take better look tonight, if I have time, but if anyone knows please let us all know.

The Biard have now indicated they will purchase BTC, from their substantial cash position.

Buying one will not cut it. We need to see a lot more than that to have belief that you have the cash in the bank.

I hope we do.

I suppose the proof will be in the pudding in relation to how much cash we have.

The number of BTC bought will illustrate what we have in the bank!

So the increase in the sp over the last week or so was again people in the know forward selling shares. Criminal.

I have no issue with the Directors options, but I did think the employees had surrendered theirs for cash.

I’m not going to dwell on it as we have some interesting things happening on EG.

Timber Trader.

Thanks for your post. Can you tell me the date of that info please?

From the rns dated 19 th May…..

Additionally, employees have surrendered for cancellation a further 170,000,000 options for total consideration of £11,288,000, of which £5,644,000 has been reinvested to subscribe for 47,563,415 New Ordinary Shares.

So if they surrendered them and got paid for them, then what are these new ones at a ridiculous price of 4 cents.?

I know the staff have worked really hard to get the company changed from Greatland Gold, to Greatland Resources, but 4 cents is about 175 times lower than the current sp. Surely we should have had a vote on that?

Are the share option prices correct in this mornings RNS?

4 Australian cents equals just under 2p. Have they not taken account of the 20 to 1 share consolidation.?

Even then 40 p for shares at £3.30 ish seems generous!

You can always tell when the big boys want your shares and suddenly you get experts who joined the LSE 4 days ago, spreading FUD. Fear Uncertainty Doubt.

How much are they paying per post these days?

They want your shares as cheaply as possible.

Mineral resource estimate

I think people should look to invest in a company engaged in cryonics. There’s bound to be more life in it than here!!!

Thanks for all your posts Manlord. Informative and helps people focus on the potential here.

I think it is als important to say that the target area covers just 20% of the Pitfield site and who knows what the other 80% might contain in Titanium and possibly copper?

We also have a great Board of Directors, who I am sure will continue to work hard for their shareholders.

Good luck to all holders.

Swingman,

My Charles Stanley account finally came back on line this morning. Good luck.

I like this from this morning RNS…

“ Our primary focus is to create value for all shareholders and in addition to continuing to operate Telfer successfully under the 2-Year Outlook whilst considering opportunities for further growth and extension, our next major corporate milestone is to deliver the Havieron Feasibility Study by December quarter CY 2025".

Seems to be a little excitement over at QBT and PR1. Will we see a stirring here?

I’m not expecting my new shares to be listed by my broker until they are admitted to AIM, which is EXPECTED to be at 08.00am today.

What do hey say?

“If the price is too good to be true, it probably is”!

What information have potential investors got to make a reasoned decision to buy this stock.

We had a ramp up to 3.5p, so that others could forward sell their shares in a 1.9p share issue. Since then, deathly silence.

Would any new investors invest here at the moment?