Member Info for ShangrLa

I’ve been in all the way through this . There have been elements outside the BOD’s control however what’s so frustrating is their lack of contrition for how many of us have lost significant amounts of money after listening to these half truths and misleading statements . I’m so far under water I can’t sell up and pray they have some decency and competence that will eventually bring some value back .

Good for you guys , my Skoda about to be replaced by a push bike if this goes any further south

I hope the BOD do read this board . If you put something in an RNS it needs to be factually correct and we need to be able to rely on what’s said as shareholders . Early Aug was clearly stated in the last RNS for an update . Again another missed promise further diminishing trust in the BOD . Please try and show some professionalism or sell this business to someone with credibility and vision .

Tomorrow is the last day I’d consider as early Aug - let’s see what happens .

Sentiment Could turn positive very quickly but need that PEPR approval . A positive update on progress with it or purchase of shares at this low price by any of the BOD would build momentum .

This BOD is a joke , no commentary from the CEO with any positive sentiment , his job is to make a success of the company for the shareholders yet he seems to want to shut it down . No mention of cash reserves , increase since year end . This will be down 30% again on opening .

I think this is good news . Build up the cash pot whilst the oil price is rising and put ourselves in a stronger position by 2022 to make choices .

Overall Good RNS but we need one of the BOD to go onto Proactive and explain what is happening with the PEPR ? Have we responded , what is the issue , when do we expect to hear back ??

SML still has significant potential but I’m not sure the current BOD has enough incentive to really push this on . They are well renumerated regardless of progress . I wonder if for the long suffering PI’s selling the whole thing to someone with real energy and drive to take this forward would be the best outcome . My average is 1.4p but I’d take 1p in a heartbeat . Getting small grants to drill a few holes in Cornwall is not significant progress . We need the PEPR and something concrete on how thes projects will be financed .

My view Redmoor is pretty irrelevant for now unless we sell it or agree a JV . The focus of the BOD should be getting the PEPR approved and sorting funding for Leigh Creek . This will make or break for current shareholders . They also need to restore credibility for themselves . Unless progress on this front we will again wonder what this highly paid group of individuals are actually doing ? One man and his dog could run Cobre so they should be 100% focussed on moving something else forward . IMHO

Some news on the PEPR to keep the momentum going would be nice . Thoughts on impact on SP with approved PEPR ?

No doubt this company has big potential for the future but has been overhyped and the SP has got ahead of itself , I think it will slowly retreat to more sensible levels before taking off again as results come through - IMO I'll buy back in if it drops to 35p

My 17K buy not showing on here !

Good news needed fast as this is another let down . Cobre the only positive in the last year being profitable and now out of the blue having to raise to keep that going .

I think with a couple of pieces of good news in short succession with all the baggage behind us we could see a significant re rating of the SP . Hoping this is before year end DYOR

Need this to improve sentiment then I think we will see a significant movement in SP . DYOR

Need the US investors to now pile in !

I’d agree history tells us to keep it real . The difference now is where the SP sits reducing risk considerably for any new money coming in . IMO

I'm with you , just need some crumbs of comfort along the journey starting with the PEPR in the near future .

I think there are some positives in here . I'm happy to be patient for little while longer to see what is delivered before year end which is only a few weeks away . If nothing by then may be following some of the others leaving this behind .