Member Info for Steveiom

Lol ppl forget that you can't sell your shares unless someone wants to buy them. Big sells or big buys all need to be matched up. As for ramping and deramping it makes no difference to the sp what's said on here, all that matters are the RNS's and the last few have been half decent. One thing for sure is there that's plenty of news on the way whether that be good or bad it will generate interest and activity. 12 months from now this could be a very different animal. GLA stay patient and take no notice of what's said on here, it's just opinion unless it's backed up with an rns

TPI are useless but you can put the house on it if there's a placement at some point in the future and those greedy barstools can make a few quid then we'll start to see some movement from them. Bill should drop em get get a broker that actually does a bit to promote the business.

Might top up this week. This could really help get my average right down to a decent level.

Nice rns, so we could be done drilling by end of June, then as Bill says 8 to 12 weeks on labs, looks like we should be getting results back around end September/October. Could be a very enjoyable Autumn.

Not sure if I'm right but silver per ounce is a little over $22 anybody know by an rns what our extraction costs would be for EH

Fair enough but I'm going from the rns in November and yeah we've raised a few quid on warrants, we'll soon see though when the accounts come out. These investor meets are all well an good but I prefer an rns Maxie.

Max it's what everyone wants but you simply can't say it will be funded that way. There might be no reason why it can't but there's no guarantee hence the reason why we need more than exceptional assay results. Until that RNS drops clearly stating agreements reached everything signed up then nobody can say it will be funded in a certain way and the longer it is left whoever decides to jump on board will be able to demand fantastic terms for themselves because we won't be in any position to bargain hard especially if its left until September through to year end as our own pot will be running dry according to what Bill said on how long the projects are funded for. Yes news could drop but at the same time it might not, its a risk that could pay big money but at the same time it could go wrong. Nobody on here knows at the end of the day, simply a waiting game now as to who is prepared to ride it out if the going gets tough.

It's going to take more than earth shattering assay results to move the sp now. Since the start of the year the results have been excellent yet the sp has gone down, you only have to look at the RNS's and the sp to see how the market has reacted and to see what the market expects.
Bill clearly said in the November Placing RNS that some of the dosh was to fund the projects for the next 6 to 12 months, not my words it's what is in the RNS.
We're using the money wisely but we're still burning it and the clock is ticking.
So with 6 months of money to play with IMHO the only RNS to move the sp in the right direction will be the one that has Joint Venture in the title. Without that any placement is going to be at a huge discount to the last one and worse still if that happens I bet we won't get the chance to buy at whatever that price might be and average down. Let's not pretend we have enough money to get that ore out of the ground and into a truck or get EH up and running. It'll come good but I see a few bumps to overcome yet the biggest one being funding everything. If we get the funding sorted then happy days.

Who cares what silver does, have we got a JORC compliant estimate on the silver we have in the ground, simple yes or no. Are we mining any silver, simple yes or no. Iron Ore should be our main focus considering its ready to throw in a truck. Silver means nowt until we're either mining it or we have a JORC and only then will we know if its worth getting out of the ground. If silver drops even more, who cares, we won't mine it at loss. Get the red stuff out of the ground and onto that truck :)

Lol 18 trades, 19 chat posts and a spread of 17. Oh yeah the ducks are all lined up. Fill ya boots 2.7p incoming.

Cheers BishBash, so we will have a good idea on finances, cash burn hopefully by the end of June. Not long to wait in the grand scheme of things.

Anyone know when the next set of accounts are due?

Really worth a listen especially the bit about funding. Keep it real ppl no need to exaggerate on how much money is in the bank or how many projects we can keep running for how long. Really worth a listen the funding answers are towards the end of the video
https://youtu.be/Yuihyxucw0M

No excuses now from Billy boy on missing the boat on the sp. Rather than get that bathroom done to match his new kitchen he should be showing some confidence that he can get a deal over the line and be loading up.

This clearly needs an rns like the one Arc Minerals put out this morning

Makes no difference if it was a buy or sell. For some person to have bought 10 million others have to have been prepared to sell. Simple as, sellers get matched up to buys. It's no big deal unless Billy boy has decided the price is right to pig up a few more.

The spread is only crazy if you're buying or selling or trying to trade. Stay calm Happy, nobody will be buying or selling with a crazy spread like that.

Well I'm sure it won't be long until BBG starts doing the interviews again. Hopefully someone will be allowed to ask what the current cash burn is and what's left in the pot. I'm sure he'll be desperate to have a chat with Justin as soon as he's back in the UK

Have you had a sneaky look at their last bank statement Maxie :) I thought we had 4 million in November as a result of that last placement which was to see us good for hopefully 12 months. Love to be wrong though and that we actually do have 4 million to play with.

Dangerous games buying in now, I was trying to buy at 0.68 but glad I didn't get the order filled. Even in the 0.5's it could be dangerous especially if there's a placement coming, imagine buying in in the 0.5's only to see a placement with a further 20% discount and possibly warrants to get it over the line. We know what's needed here and that's a JV or EH up and running and hopefully before they get desperate for cash.