Member Info for steward1

PresuminEd - I see that you're new here... no-one is going to say that something is a fact unless the info is in the public domain. You have to read everything with the caveat that it is always IMHO (in my humble opinion). However, you might want to take more note of some than others, e.g. Snowking is known to have close links with GR through the Pandora Group (a group of around 65 investors)... historically, he has mostly been almost spot on but there have been some occasions where he's not been... but then you might wonder what side of the trade he is on when he posts on here... have the Pandora Group already taken their positions ahead of SK's posts, etc?

Don't know what intel Snowking has except that he apparently has the ear of GR but something is brewing!!!

Wolf - have to admit that I'm leaning that way too. GR just hasn't proved himself capable of delivering anything yet. I think he realises that though and that's why he is prepared to consider some sort of deal now. I think that's the only chance of getting the DFS done by q3 next year.
With any luck, it will lead to the mine being started sooner rather than later!

johnny - now that the Circum DFS has been done (is that too much of an assumption because we've not heard any official news?), one might expect the value of Prem's holding to have increased substantially. OK, there's a civil war going on but our holding must be worth something... if we could get our initial investment back, I'd take it like a shot.

I've given up calling for GR to step aside. He has cost us all dearly and the market has no confidence in him... that's a given.
However, I'm more optimistic now than I've been for a good while... both the prospect of a COO and/or some partial jv to get the DFS done are steps in the right direction. Communication has always been poor but fundamentally the issue has been lack of progress. They need to find a way to accelerate the DFS so that we are getting x or y holes a month published... that's what will drive the sp up. With the sp increasing, GR should have more ammunition to accelerate the DFS... it then becomes a virtuous cycle. Add some potential jv's and bids, the sp increases, progress can be accelerated.
Let's hear about what you're doing to accelerate progress, George.

That was a long way round to get back to where we were after the last RNS.... lol@

I don't have the motivation to read through previous RNS's to check but I think that he didn't use the term "definitive assay"... suggests to me that the previous calibration wasn't definitive enough for someone!
In any event, the bottom line is that we're likely to get some definitive assay results well ahead of when we might have expected.

Wolf - I reckon that the original calibration has not met the interested party's standards (which wouldn't surprise me) or else they're playing some negotiating games.

I think the most likely explanation is that whoever GR is doing a deal with has insisted on a process which involves independent verification now, and that there is an NDA in place!

The poor market reaction is all around GR's decision-making, effectiveness and trustworthiness. His ability to get the job done is the primary issue. Whilst we should see an improvement in the sp as results come back, I reckon that GR's competence will temper any rise. I would dearly want us to keep as much of Zulu for as long as we can but there are definitely attractions in getting another partner on board.
I ask myself whether GR (and/or the new incoming COO) has the wherewithal to accelerate progress, speed up the DFS and get a mine started in a timescale that catches this li wave... or whether it would be better get a professional partner in to do that???
The lack of progress and plans to accelerate progress is really what is holding the sp back... is that likely to change without a partner?
I don't know but I really want GR to emphasise the steps being taken to move it all forward... a number of people on this board have highlighted that we should get more rigs on site... it would be good if GR, at the very least, said that he was planning for that. He could be making some noises about starting the mine before the ink is dry on the DFS, etc, etc.
If he can dispel some of the concerns around timescale, I think we would all be a lot more confident and see the sp on an upward curve.

I certainly agree that any jv needs the sp to be a lot, lot higher but I'm very surprised that we've had no further fundraise/dilution so far... activity seems to have increased and, therefore, the burn rate has increased. It leaves me wondering where GR is getting the cash from and where he is going to get the cash from... are funds coming back from MNH, does he expect a deal on RHA with cash coming back or has the long-awaited Circum deal been set?
Things are looking slightly more positive.

Ah, I see what you've done... maybe it should be RNS "expected" next week, etc, etc.

Alert - I had fully expected a fundraise last month and the fact that it hasn't happened yet suggests to me that GR has another source of funding other than diluting the shares again at, as you say, a very poor price, currently. It can only be good news if he doesn't need to dilute.
I am wondering if there are funds coming in from MNH... as long as we are not taking any more of MNH on then I think things are beginning to turn on the financing side.

Obvious question is where did you get the info from?

Totally agree, Alert.
I doubt if GR is pleased with progress either and is depending on the team on-site to get things moving - the additional crushing capacity is one evidence of this. You will know as well as I do that things get moving when someone with some respect and kudos gets involved. I do think a COO will make a difference and, if GR can get some additional funds soon, he can direct some of that towards accelerating the DFS.
You've highlighted a good point regarding any deals - I concur... and happen to believe too that GR will look to divide the pre and post EPO areas to do multiple deals. There could be more than one lithium mine and there could be a separate gold company. Who knows what else they'll find.

Lots of project managers on here then... I don't think he has a written down plan at any level but I'd hope that the appointment of the COO and/or a jv partner will mean that one will get done.
This is where GR is really out of his depth even at this stage when there should be a fairly straightforward DFS... clearly, no-one had thought enough about how much would be drilled, the preparation for testing and the actual testing to work out how many people and how much kit would be needed.
If he announces a JV partner then I reckon that it signals the end of direct control.

Simply referring to the website page, bootieone. I'm well aware of the situation on the ground. Clearly, the country needs peace and I guess that it doesn't matter to Circum which group is in control as long as there is peace.

Haven't looked at this for a long, long time - has the front page been updated recently?
https://circumminerals.com/

Profitbags -

first of all, I'm trying to be really positive but I can't let some of those go without comment. News on RHA or MNH may have the opposite effect of boosting the sp.

As for other positive news, I would hope for more regular updates on the drilling and grades from on site.
At some stage soon, we need to hear about an acceleration of the DFS - more rigs?
I would hope to hear about more potential suitors.
The ultimate would be GR's resignation or retirement.

Acker - I can see where you're coming from but I think that you're stretching the conspiracy theory a bit far. In the end, it will come down to a vote by shareholders...