Member Info for Sausageonstick

I just want Roland to deliver 1 thing on time, before folding the company

8 Jul

"the workover operation which involves the installation of a sucker rod pump ("SRP") is scheduled for July 2025"

Make it happen Roland, before you take another month's worth of money out of the company.

I'm expecting a RNS this week (Friday) to tell us the truth, have the workovers restarted or not. Simple, Roland should know on Friday what the situation is, so tell us Roland.

Read the RNS on the 19th June, it states...

"Drilling rig to be mobilised with bulk sampling and prototype wash plant TESTING ongoing, with the objective to demonstrate recovery and revenue potential.................to optimise the Company's FUTURE alluvial mining model........with drilling also targeted at areas where ECR intends, in due course, to commence operations. These efforts are a critical step in advancing towards production"

The drill rig is producing samples that will be tested (more testing), in terms of the wash plant all they are doing is, and it won't surprise you, TESTING it to see if the changes they've made work. They use the terms 'in due course', 'advancing towards production'

Remember, ECR are only allowed to process a 1,000 tonnes, including the overburden. The more they dig up to run through the wash plant they closer they get to that 1,000 tonne limit and I'm pretty sure Mick and Nick wouldn't want to be caught breaking the licence conditions because some whistle blower has reported them. Any kind of commercial quantity mining production will, in my view, need the full mining licence and that will take both time and money. Surely people realise this? 1,000 tonnes including over burden is going to produce limited gold that you can fit in a small Marmite jar, love it or hate, processing 1,000 tonnes of soil isn't going to make ECR rich.

...... is the 1st August. Roland will know next Friday if what he told us has come true. I wonder how long it will take before Rokand RNSs the truth?

If the deal was rejected, the fall back would be the signed jv, but how keen would Selan actually be to continue to spend money? They dragged their heals so much, in my view, to get a deal to buy the lot.

.....that I guess was designed to set this alight loses 20% on the day

Yep it could get a lot cheaper in the next 8 days if Roland fails to hit the July deadline. He missed the June deadline where it stated it WILL happen, and then he said July. So deliver something within the timescales you set Roland, how difficult can it be?

Nice start to the day

S08, it's still early, I'm sure the Telegram pumpers will be here once they've had their Ready Brek.

Says it all.

I really have no idea what would have stopped Roland from doing the requested interview with Zak Mir, just after the deal was announced. If it was so good, wouldn't you want to tell the market??

Looking at the timing it could be well into 2026 before we get any money, if the HoT have not been executed yet (if they have then surely the money should be with SYN and RNS'd).

In my view it doesn't add up

Gordon, probably similar to the answer no answer response I received.

I have a feeling that both Gordon and I are two shareholders that SYN have chosen not to reply to. Difficult questions are just as valid as easy questions, so simply not replying in a vain bid to believe the questions may disappear, in my opinion, may come back to bite people in the arse

DaP

When did you last speak to Roland on the phone?

Gordon, just out of interest, has anyone employed by SYN ever asked you to the stop emailing SYN?

or indeed anyone else ever been asked to stop emailing questions to SYN?

Spant, I want evidence / proof that Roland (SYN) is not responding to emails, not doing interviews, has backed away form investor relations.

They employ a person to undertake Investor Relations, what is this person doing if they are not responding to Investor queries?

Investor Enquires Synergia Energy Ltd

Briana Stayt; Investor Relations

Email:bstayt@synergiaenergy.com

Tel: +61 8 9485 3200

Australia

I definitely think you need to put the sentiment from your 0752 today post in an email to Roland.

Let us know when it's gone and if you get a reply. I do also feel that the more people express their disappointment via email to him the quicker Roland will realise the deal is widely viewed as not good enough.

BTC treasury?

Whether we believe the deal is good or bad, I presume Roland though it was good enough to go ahead with, so why didn't Roland want to tell everyone about the deal via media interviews???

...of our frustrations with Roland and the lack of progress/ comms. How long can this guy go on for (burying his head in the sand)?