Member Info for Storey89

I change my mind over whether I would prefer to see a sale or JV almost every day. At present we know we haven’t got the cash to complete a full scale feasibility study which does worry me that if a sale went through we wouldn’t understand or achieve Torals full value.

I think I would prefer a JV along the lines of GGP and Newcrest. Where the percentage of ownership is determined by the JV partners expenditure upon completion of a scoping study.

I’ll change my mind tomorrow no doubt.

It would suggest that, which is a bit odd given that 2 are on 0.02 and 3 at 0.019

That would be 10x the value. They got a decimal in the wrong place on a trade, it will be adjusted out.

I'm all for positivity but come on.

They would move the bid on here, I know it makes no difference in reality but it is 0.022... just looks better.

Its about to rise again on a couple more buys, 1 MM controlling this price though.

For me this was the key line

'What you will never hear us say is that Toral is up for sale and that is the only way we are going to go because that would be very stupid'

I take that as, we are looking to sell Toral and that's our number one option... but we can't openly rule anything else out.

if anyone is interested...

You will find our stated intention clearly repeated; Directors shall do the most value accretive deal for the company, the project is such that it could be profitably developed as a stand alone but JV/Offtake finance and sale options all being seriously considered. What you will never hear us say is that Toral is up for sale and that is the only way we are going to go because that would be very stupid.

Mining licence- we have a very strong dialogue with the Junta of Castilla y Leon and their support of us, and indeed our delivery of work stated, is one of the strongest parts of Toral. Will update as we go but in the mean time met test and ore sorting progressing well and will update on how we have cut the budgets further, while still being able to do good work, shortly.

Noticed the bid has been ticking up on small sells, hopefully we can get going soon

To be honest, all I wanted to know is why news flow is so slow when there's allegedly so much going on.

Granted some info is price sensitive which the company aren't going to release without an RNS but you can at least keep active with press releases and interviews etc. if you google the company name the last news article anywhere is a month old. If you go on the company website the RNS from the 16th April isn't even on the announcements. An investor going on the website sees... mets delayed until early April... then nothing and we're in mid May. Doesn't look very good or professional.

And what happened to the mining licence? Company employed in September 2018 to take 18 months so would be March 20. Policy was changed in the region so that work wasn't required anymore but what happened? Are we still progressing? Are we close?

I'm here for the asset because that's what I believe in, but trying to get anything out the company is like pulling teeth.

There's 3... and one of them is for 20 odd quid.

Had to pay full ask at 24 but put it through as an NT trade, couldn't get a live price.

As well grab a few more while its quiet... very quiet

More sells cleared then and 5% up, better, not brilliant but better.

At least the slide has stopped.

Those 3 trades could have been either buy or sell looking at the time they went through. Hoping sell to be honest, would explain why it hasn't risen that much on buys.

Going off what Arthur just said I'm guessing they're buys.

I think one of them has fallen asleep at their desk.

Why would you do that? The chances are you wont get it and if you did the share price could fall straight past it and you'd pay more than you would have too...

it looks like the selling has stopped, the MM's are willing to take it up, there's just little volume compared to last week.

Why is one person in twitter getting so much recognition? I believe in my decisions and I back myself, not someone on Twitter I don’t know and couldn’t pick out in a line up.

I suggest some others do the same.

She’d, I’ve always found AIM a little disappointing on genuine news. It gets momentum on potential and you see a huge rise but then when actual news lands not much happens.

I’m hoping LR has kept potential away from the market here and for once we get what we deserve on the end game.

I mentioned the other day I’m playing around with Covid shares, the majority of those have nothing of any substance, only a market that is desperate for results and away they go.

It’s a strange old place the AIM market.