Member Info for Steveiom

I can't see it happening getting into the 3's. I'm struggling to get an order filled at 0.67 not getting anywhere close, the spread is killing it.

How far is this going to drop Chris2, do you think its worth going short. I can lend you 3 million for reasonable fee if you're confident.

@smiller surely a rise in commodity prices will only influence a company's true value when those commodity estimates are all JORC compliant and even then the values are discounted to a degree against cost of realising the value of the commodities in the ground. There's still lots of work needed here before we start seeing big moves based on any increase in copper, sliver and iron ore prices ect. All opinions but at the end of the day its the market that recognises the value and no opinion on here either way will do much to the sp. RNS's are the only things that count IMHO, not tweets, not interviews, simple RNS's all day long.

Goes without saying Unclejim that commodity prices won't do anything for the sp as we aren't generating any income at the moment from commodities. Totally agree that the only rns that will get this moving will be on a JV, or possibly EH is up and running generating the dollar. I doubt with further assay results or drill program announcements will do anything. Time is ticking, cash is burning, they know what's needed and it's getting to the point when they need to deliver.

Sorry guys but have I missed something regarding discussions with handcack mining? Has there been an rns on potential sale or JV? Or is this hearsay apologies in advance because I genuinely must have missed this.

Be rude not to though wouldn't it. Imagine the opportunity to add another 30% for zilch. Gotta be done. Anyway those bass won't catch themselves :)

There won't be any placing until this gets above a penny. I guess if we start rising on no news you gotta think if it's being pumped to get another placement away. It's a risk but on a personal note if I think that's on the cards I'd take a chance on dumping 3 million and buy back in after the placement. We all know that we are now starting the second 6 months period, we were told we had money for 12 months in November so unless we either sell something, get a JV or start mining then a placement is on the cards, you just got to get the timing right but there's no chance of raising money at todays sp with a discount, not a hope.

It's not the brokers that determine if the sp is fair or not, it's the market, supply and demand. If the in-house broker is saying 2.7p let's not forget they were partly responsible for selling the last placement to their clients at 0.85. Although I'm not buying into this 2.7p it does give a little comfort that if we do run out of money before we sell an asset or get a JV, 2.7p should be the starting point with a discount or warrants for any future placement, at least at that price the dilution would be bearable, but hopefully we'll keep the plates spinning for another 6 months.

All good news on the way. With 6 months worth of operating cash left from May its looking like we will be cash generating very soon, either that or we'll be in a JV or have sold an asset. Hopefully Bill won't be too proud to sell something rather than raise another 4 or 5 million at a big discount to his mates at TPI and WHI.

Not been here for quite some time but sat on 2.4 million. Honestly I have not looked in for ages. Yes I'm being lazy but what's the news that might be dropping this week and is this in an RNS hopefully some of you who are all over this can point me in the right direction. Cheers

So according to the rns regarding the last placement the net proceeds of the Placing will be applied to deliver the Company's work programme over the next 6-12 months. So with that placing taking place in November we are quickly approaching 6 months so hopefully we should be getting some pay back very soon. Its accepted that they've had a few quid from warrants being exercised but that's pocket money in comparison to all the work taking place across a wide range of projects.
We should be due some good news any time soon as I'm sure most are hoping that we're financially sound for the 12 months rather than just the 6.

Excellent so according to TP what we should be looking at is either cash generation, JV or sale of an asset prior to Q3'ish this year, if that doesn't happen then depending on the sp then it could be a great opportunity to sell, wait for any placement news and lump back in afterwards. Nice way to add another 30% + to any holding without having to spend a penny.

Nice to see things moving on all fronts but do we know what the current cash burn is. It must have shot up recently and would be interesting to see where we currently are with all systems on the go.

Some ppl selling up some buying in. At least its prompted some action everything being matched up with no problem selling a decent wedge or buying. Everything is just parfait

Got to laugh at some of the comments about MM's accumulating cheap shares to sell when this rns dropped. That's one hell of an error of judgement if it was the case. Today is the day to accumulate cheap shares to sell into the next piece of decent news that drops as some savvy ppl are doing.

All this about it being a bad day to release news and being held back because of world markets is just trying to present a positive spin on how the market has reacted to the news today. There's plenty of businesses that have released news today and they have risen regardless of what's happening around the world. It is what it is and now they are planning more drilling and obviously working out what these last results equate to as resource value. Got to smile still that quite a few people are now able to buy in much cheaper than the last placement price though.
I guess they'll be pulling out all the stops to get the sp moving in the right direction because as things stand we are burning cash at a rate of knots and we simply cannot just keep drilling without either a JV or a placement over the next few months and a placement at the current sp with another 25% discount would destroy any remaining sentiment.

Jeez imagine an oil explorer not updating the market if they drilled a duster. We should get a full list of each hole drilled regardless of whether it produced the goods or not. Each hole drilled, the results from which contain price sensitive information. There's no point in saying we have a 30, 40, 50 ect drill campaign then only releasing partial information. My guess they are still waiting on further results.

If you look at when BBG bought shares this was 29th Dec then we had some results back from EH on the 27th Jan. BBG technically speaking should not have bought in if they'd had those results but not released them.
All this guessing about JV negotiations and results being held back is ballocks. If results were in and negotiations were going on then they have a duty to let shareholders know and they can cover who the discussions are with by an NDA the same way almost every other business does in a similar situation. All we've got here is a bad service from the lab telling the company that the remaining results will be with you soon, shortly, imminently........ then not delivering the goods. Australia can bang on about safe juristiction, great supportive government, fast track licensing ect but without the lab infrastructure and the extra staff to work in the labs they are still not the complete package. The results will be in when the lab is ready to deliver them. Just a waiting game now. Anyway its a beautiful day so I'm of to bash the bass. Enjoy what's left of the weekend folks.

Got to agree price sensitive info cannot be withheld. Even those jokers at BPC now CEG released news when a major paid to have exclusive access to their seismic data but there was an NDA over who the major was. Same here if there's talks going on based on the latest results they are obliged to tell the market but not obliged to say who it is. Personally I'd think they'd be very foolish to withhold this info given how price sensitive it would be. I think the BOD would know this so this is simply ****e service from the lab. We could be waiting many more weeks yet because the results will need to be interpreted and worked into resource estimates.

News next week Maxie, that would be nice, have you been given the heads up from Billy boy :)