Member Info for Shedulike

Could everyone stop clamouring for me to tell you what I said.

..... just rewrote a post that didn't appear earlier and still can't see it. Anyone else having this experience? You didn't miss anything by the way....

That's new coverage as well isn't it?

RNS 11th March - lot's been done in the Scoping Study.

I think it is but I'm not great on grammar, wouldn't mind seeing those blimmin assays, feels a bit like we're in limbo. GLA

Verbs try some adjectives - 'rising', 'soaring', 'increasing', 'upward', 'tenfold'.

Interesting, when Tim left YJ and apparently the FRR account I took it as a bad sign, that he couldn't professionally continue to associate with a tainted operation. The fact that the relationship has been maintained can only be a small positive. It's difficult to see the motivation for either party to take this course of action unless there is a future for FRR. Honestly not getting carried away as things look so bad on so many other fronts, it's almost as if two different stories are being played out simultaneously. Heaven knows.....

It was also that quoting in 'bbl' in April and 'bopd' in July made the difference look more alarming. There's two ways of looking at that - perhaps everyone should have been on PH's case to find out how much of the bbl was oil, or we should question why there is no mention of water in the April RNS. In July the water is "mainly returned drilling fluid", but in the Director interviews that followed they're managing formation water as well. Not saying we won't end up with decent stable rates eventually but it's not hard to see why there is so much anger over the communications.

Johnson may not have much time left as a free man the rate he is going.

Ta :)

Thanks Nige - lazy posts usually annoy me but could you direct me to where that can be seen in an official context? Don't want to waste any more of this lovely Sunday :)

There were a bunch that lapsed Jul last year but I don't know how many the Directors hold now and at what strike price. Bricks, why not just contact the Company Secretary for a definitive answer, no need for any intrigue.

ALLN - if you watch the last presentation posted from Jul 2018 there's some info on LR & MC's track record on disposing of exploration enterprises. When they first came on board after the J Tooth's departure I was quite amused by their unusually laid back demeanour, the joke soon wore thin after the well-documented errors. In my opinion LR has got us firmly back on track and is totally focussed on shareholders interests and that means packaging this up for sale. I don't believe they draw salaries and are alligned with our interests with options that will see them royally rewarded in the success case. MC also has a big holding of stock. I haven't double-checked this as I'm knackered after battling with my hedges (garden type) all day and am now tackling a couple of bottles of wine.... hic!

Slightly tragic on such a lovely day but I'm bored of gardening so I watched the presentation video again. So much to take from it but anyone who thinks there is a snowflakes chance of us attempting to transition to miner just watch from around 20 mins.

I don't see why not Nige - they have finished drilling, have all they need (LR), and the JORC will be complete early Q4 latest. In the last video link posted LR (Jul 2018) clearly states they are consulting with other parties. It's not as if when everything is in LR will stand up at the AGM and say right we've proved the resource, what now? No the disposal will have been an ongoing process contingent on exploration success. It amazes me that the SP isn't going crazy but many investors are understandably risk-averse and happy to wait until it's virtually nailed on. Think of it this way, the smallish amount I added at 0.014 could 50-100 bag, the much bigger amount I have risked at these levels might do x10-20 but assuming the assays are good I think people on the sidelines are calculating they'll get in around 0.1 and possibly 5-10 bag, and of course if it all goes horribly wrong their capital is safe.

So on Monday it's a calendar month since 023 core was sent for assay (in-country), next week surely?

If I was to ask a fortune teller about FRR I can imagine it being more akin to the scene in Father Ted where three consecutive death cards are turned over. The punchline made it - "This is really weird, there's only supposed to be one in every pack!".

Thanks Jodav I'm rewatching (well listening while trying to work) that one again. Still haven't found the snippet I remembered re. packaging up and selling for shareholder value but interesting he addresses one of the early deramps as we were rallying when someone kept banging on about the resource being too deep and uneconomic. LR mentions the importance of having a 250-300m egress point in the side of the hill negating a more expensive central shaft mine (17.20 mins approx).

"We have everything we need" LR. I wish I could pinpoint it but about a year ago, maybe longer Laurence did an interview where he talks about shareholders not wanting a junior explorer attempting the costly and lengthy step to becoming a producer. Does anyone else remember it as I'd be interested to see it again?

Is Malcy still stuck on, "Once upon a time...."?