Member Info for Sq52

When did we hit mineralisation?

19th of March

The final hole of the Phase One Drilling Programme (BRDD-21-006) is currently in progress at about 75m depth, with initial pyrite/chalcopyrite mineralisation of porphyry style seen at 45m

23rd of March

At the time of suspension hole BRDD-21-006 had advanced to 297m depth having encountered veining with pyrite, pyrrhotite and traces of chalcopyrite over the last 10m, typical of the outer margin of the Racecourse porphyry system.

There was mention of double

CB mentioned deep mines (750m and below) costing billions to dig down in one of his interviews.

Given the CHK doesn’t start until 1km down, I can see why there’s a reluctance to invest. As XTR potentially starts at 47m, shouldn’t get into this position..... however, the main take out is it just proves how important assay results are for depth and %s.

Any ideas on next steps after hole 5?

Original project was 4000m of drilling and given the size of the monster, we’re not that far off that number now.

Continue at current site or move to other locations as phase 1 assay results come in?

I’ll take any fruit shape. But I was thinking dragon fruit shape, dragon size (it’s a monster after all) and we all know dragons love gold!

Been some great posts today and over past week on calcs, thank you to those who inputted. Rough cut spreadsheet all designed, just need some assay data to load into it.

With the cathedrals, veins and off shoots - I’m thinking more dragon fruit.

What’s in the dragon fruit and the %’s, that’s the big question.... and we’ll hopefully be getting a glimpse soon!

Hi CE,

Wasn’t what I had in my mind and thank you for pointing me back in the right direction, makes complete sense now.

I can see why they’re focusing on this area, sounds like there’s some great shallow mineralisation to tap into and explore.

Hole one: width / depth

Hole two: width

Hole three: width / depth and high mineralisation (brittle interview comment and flurry of director activity)

Hole 4: these things happen

Hole 5: sounds game changing and look forward to see how far this goes, if we don’t get the drill progress until Friday 12th (about 1000m), happy days.

Feels like end of April is when it’ll really start firming things up. Also mindful that we’re not even 1/4 of the way into the initial 12 month project and I suspect a lot more to explore (Footrot etc) great progress so far and looking forward to seeing this build.

Hasn’t the drill been stepped out west / north west, so you can add an even greater width to calcs?

At what point do we start entering Racecourse North testing area?

First rumblings of Woolard review appearing on Sky News, saying it’s out this week.

‘Buy now pay later’ firms face FCA crackdown after Woolard review

‘Buy now, pay later’ firms such as Klarna will face tighter regulation from the City watchdog following a review of the unsecured credit market.

They’ve already primed a market raise, what’s peoples expectations on what will be covered in the RNS when it lands?

If you zoom into the graph data on the presentation (page 6) it does show release in second part of Q1 ie Feb - but then it also contradicts later on and says Jan. Either way, it’s very soon!

If it’s a 7am RNS and it’s done in Jan, last day to buy is tomorrow.

https://www.bbc.co.uk/sounds/play/m000rlp4

Listens to the BBC interview, picked up the first court case is March, final one is May - is this correct?

There’s a good interview on you tube - search

FCA Review of the unsecured credit market: With Christopher Woolard and Sophie Lessar - CSFI

It will help Amigo cause, as it’s going to force market to change and sounds like Klarna is going to be hammered. However, need to get the SOA sorted to make it through.

Thank you for inputs this morning, trying to weigh everything up as this share has slapped me in the face more times than I can count!

Next couple of weeks / months is going to be really key to this business.

Based on new BOD, it’ll be a well thought out plan and balanced to give the business a sure footing for future.

Trying to weigh up if there’s going to be a price for getting SOA over the line?

Also, they mention plan a and plan b. Apart from plan a is accept and plan b is admin, what’s people thoughts?

Is there a risk of bond holders being issued shares and refinancing the business at the same time under the SOA?

If you’re going to go through the pain of a SOA, might as well do it for long term and take all the pain at once.... a lot can be done under a SOA.

Just seems to be taking a long time to get going on the SOA and I’m guessing they’ll be talking to major stakeholders?

Great point on trustpilot, it’s a very public outing of all news and progress on complaints.

Can see that complaints have slowed (a lot compared to summer!!), but still no final outcome on FCA guarantor and how this impacts loan payback.

Think Thursday will be a mixed bag and still waiting on FCA

Would a new director need to wait to buy shares before accepting their new role?? Wouldn’t technically be any inside info at that point and shares would be cheaper?