Member Info for steward1

Have to say that the RNS is not the one I had hoped for but it s a relief. I had hoped for some indication of grades so I'm a wee bit underwhelmed... and the nature of the rns I agree with signals a fundraise later today, as others have said.

Tyrannin - don't disagree with any of what you said so why would this even be getting discussed, let alone be in an imminent RNS!

If that is accurate then it suggests that there might be issues at the plant that won't be fixed within the expected timescale!

Well, I was pinning my hopes on a positive update this week. The longer the week has gone on without an update, especially after the flurry of tweets last week the more likely that they've hit some issue. And the longer the week has gone on, the more likely that there's a dilutio. An EGM rns this evening looks very likely now. Aimho.

Nervy times for holders - the prize is there for us but there might be a bump or two in the road.

After the flurry of tweets a week ago, it's concerning that there's now radio silence!

Market Cap now sitting around the £10m mark. It's clear that GH will be announcing some good news before he does any other fundraising so I anticipate that the MC will grow more as and when that announcement is made. I partially agree with Acker in that the MC should grow substantially once Zulu is at max production at a decent grade later in the year... MC should sit anywhere between £250m and £400m.

Prior to that, I can see the MC running up to £50m as and when grade is confirmed and when we hear that the plant is constantly running.

The unknown for me is what Glencore are planning to do - I can't see them sitting on the sidelines watching the MC grow and grow.

I was surprised at the timing of the last main fundraise but I reckon that GH has built in a funding cushion to ensure that this isn't held up due to lack of funds. Progress appears to have been good... which might give him more flexibility with agreeing payment timescales. So I reckon there's a good chance that we'll get the big news before any other funding request. This is looking very good!

AlertRNS - re RHA... and, yes, we now have someone who we can have confidence in delivering RHA!

0.05 from me again this week.

We're entering a 'Virtuous' period where a fundraise will be seen as a good move! GH will already have a great deal of confidence that he'll get Zulu over the line!

My expectation is that we'll get some other message today (maybe via X) to indicate further progress. Not convinced that there'll be any further fundraising until the sp is much higher.

Market cap is still tiny. Sentiment continuing to grow.

The tipping point is almost here where progress will outweigh concerns about any required further dilution.

I hope that Glencore stay on the sidelines for a good few months so that us long term devotees can see some benefit from the expected upturn.

Planning has been done and they're now into the hot commissioning - from the tweet "Milling of ore at #Zulu as part of the hot commissioning phase"

Market Cap is still only £7m... with more positive news, I expect that we could easily see this bag in a day... aimho!

Already said a couple of times this week that the tipping point is coming where progress will outweigh concerns about any required further dilution. It's feeling like sentiment is changing!

GH is getting Zulu working... he's getting the job done!

I expect news of another dilution BUT I expect that this will be the last at this low a price. As I said yesterday, the tipping point is coming where progress will outweigh concerns about any required further dilution. Get this next funding announcement out of the way and we'll take a step up!

GH is not one for over-promising and will have built in a cushion... it's all looking very, very good!

That RNS oozes with confidence... confirming that commissioning will be complete in Q2!

Thank goodness we now have a competent guy getting Zulu up and running.

0.05

I have no doubt that GH is the right man in charge and that he'll get Zulu delivering. He clearly knows what he is doing. The tipping point is coming where progress will outweigh concerns about the required further dilution. I'd suggest that we'll see this starting to move this week.

Shorters and doomsters have got some decisions to make!