Member Info for SharketMare

Add, yes, that's essentially the point I was trying to make. Offtakes/royalties will be fine, but no bank is lending us money against a PFS IMO.

Sorry dbw I didn't mean that we wouldn't be able to raise funds in the short term. I just find it very difficult to believe that we would be able to finance building Cascabel off the back of a PFS if we decided to go it alone.

A timely reminder too that we haven't produced a feasibility study (DFS) and have no plan to. Yet people think we're going to finance and build a mine. Wild.

The decline in SP has nothing to do with stop losses being harvested - it's down to the fact that the market has no idea what lies ahead for GGP now that the major in its JV partnership has said it doesn't think Havieron is worth its time. We have no idea whether our new JV partner will be friendly/accommodating to our own ambitions, or whether we will make an attempt to purchase the 70% and Telfer ourselves. If we do, what will that mean for the SP? SD claims any transaction would be accretive. Yes, but from what level? This will continue to drift downwards until we're given clarity on the way forwards. PIs will get bored and traders will trade shares with greater volume and volatility. There is currently no correlation between the SP and the POG and the longer the uncertainty drags on, the longer it'll take for us to pull anything from the ground.

It's a bleak time for long term holders, unless you're sitting pretty with an average under 5p (in which case you probably should have sold at 30p+).

Agree schlemiel. I do think though that this 2 year timeline has been pulled from Caldwell's proverbial. I'm sure there's a hell of a lot more we could and would be doing if we planned on actually building a mine ourselves. The timelines Solg used to provide certainly didn't factor in a 2 year waiting period for the environmental permit. And isn't it in Naboa's own interest to expedite this process, given he'll be facing the public vote before long? This is another tactic to buy time and save cash while Bob coaxes the first bid for the company.

All we are doing at Cascabel is further derisking the project through obtaining permits, land and governmental protections. It's advancing of sorts, but at a glacial pace designed to conserve cash. We won't be starting construction for at least 2 years according to the latest interview.

There's no way the company pushes out a sponsored video with our CEO where he claims that financing is imminent and non-dilutive, only to get a placing away a week or so later. His credibility would be shot to bits.

Not mad in the slightest buddy, just enjoying calling out your BS. I'll leave you to your trolling and check back in with you once we've had this "horrible" fundraise you're predicting.

Ah good to know, Stackhigh. Now whenever you post definitive statements about the direction of travel here, we'll know that you have about as much conviction as a British politician.

So you post that a share has much further to fall because a capital raise is imminent and then buy more shares before said raise? Do you realise how much of a wally you sound? Not like you have any credibility on this board anyway, but my god you look silly.

1984, the tide is turning. Perhaps not as far as where you are, but I am early 30s living in London and dating an honest Catholic girl who has many friends that are sick of the woke nonsense you hate. Perhaps not as much, but I can tell you that people are sick of it. There is a fightback, of sorts,

Annoyingly I had a much longer post before that but the LSE website is pants.

If you look at the education profiles of the people who voted to leave, it was the uneducated working classes. The people much who engaged with the European elections for decades before the Brexit vote were always massively Eurosceptic voters. It was UKP before they went hard right and Tories who cared about European politics. The Brexit vote wasn't much of a surprise for those of us who were engaged in local politics before the national vote. Though I did lose £500 the night of the referendum as an emotional hedge.

I apologise for making a false equivalence, but my god has us Brexit voters bOveen made to feel like pariahs for the last few years. Fed the nonsense that it was the 'hedge funds' and the establishment that hoodwinked the voters into voting for Leave, despite Obama, Cameron, the Royal family, the EU, Goldman Sachs, the banking establishment, etc all voting for Remain

1984 - RE Brexit, I work with lots of intelligent people who don't feel comfortable expressing which way they voted. It's an appalling state of affairs which is slowly changing. The zeitgeist is slowly moving back in the right direction, where you can soundly claim that someone who was born a bloke shouldn't be competing against women in sport.

We will look back at the last decade or so as a dark age, whereby we allowed children to take drugs to change their sex, and compete against people of the other sex. But thankfully society has woken up.

1984 - my last post was a pile of nonsense. My sole point was I genuinely think that me, you addincknt, Quady and Bozi probably have more in common than we think. We will all do very well off the back of this share . and one day look back on the tit for tat

1984, I appreciate over the last few days I may have come across as a leftie, to clarify I'm not. I think if there if one think that me, you, Quady and addicknt have in common is that we all voted for Brexit. I am in favour of nationalisation of assets where there is no real compactisation - rail, water, maybe energy, unsure about health. But we are better off as individual citizens outside of the EU. I studied the politics at length at university, much to the frustration of my hard left lecturer, who hated the fact that I constantly presented the anti-federalist case in seminars.

I would enjoy a beer with half of you when this gets sold - add I imagine we could swap some stories, just a few decades apart.

I took two Pfizer vaccines simply to be able to travel freely around the planet. Would I take another? Not in a million years, just as I wouldn't take a flu vaccine. It is and was utter nonsense. I took the jab massively against my will, and resented the state for having to do so. We were sold a pack of lies. That taking the jab would stop transmission, that those who didn't get vaccinated were pariahs. What a load of nonsense that all turned out to be. I resent giving in. The only reason I did was to be able to go on holiday, and what a load of nonsense that turned out to be.

RE Thames Water, I read this in the comment section of the FT on renationalising the asset:

The company throws off cash (before fines) - shareholders have failed / give it to bond holders - full debt to equity conversion (with dividend/ cash return locked) - subsequent reinvestment of cash from business into infrastructure.

Add, fair points. I work with several today (they are retained clients) and have witnessed much of what you describe first hand. My point really is that ownership - whether state, public or private doesn't automatically lead to a good or bad outcome. All can be done well with the right people and right ambition.