Member Info for Suggins

I agree with your comments about it being an unusual story. I would also add that when I have tried (probably very badly) to explain the company to other people there is always more than a little incredulity. Why would someone sell a gold mine for $350,000 when it is, after spending say £3,000,000, worth over £15,000,000 ? I think we will need results to start to demonstrate that this really isn't too good to be true.

Also, I think we will hugely benefit from an updated JORC report which I know will come once the drilling campaign is sufficiently progressed. I think that we are currently working off a report from 2012 and that only included 13,000oz of measured gold at the mine.

Jason could use his Aussie connections and bring in 'the Ferals'; that would get some media attention.

‘Please give us some sp moving news.‘

If I had a choice it would be news which would move the sp up.

He seems as good at drumming up business as he is at trolling judging by today's volume.

Our broker suggested an average gold price for this year of $1,950 / oz. Seems headed that way.

In the updated presentation:-

page 13 - 'Two drill rigs have been acquired, commissioned, and begun drilling: diamond drilling on Kilimapesa Hill and RC drilling on the Southern Mineralised Zone.'

page 15 - 'Trenching continues in tandem with two drilling campaigns - a DD rig on Kilimapesa Hill and RC rig on the Southern Mineralised Zone'

We had been told that the RC drill rig would be used on the ‘south Mineralised Zone’ whilst the diamond drill was used on Kilimapesa Hill. This is also stated twice in the recently released updated presentation.

Yet Mr. itsyou spotted the rc drill rig on the hill last week and a company tweet this morning appears to confirm the same.

Obviously they should do whatever is best for the company, and they know what is best, but it would be interesting to hear why the plans have changed. Unless of course there is some slight overlap between the areas ?

How odd; he spends his days trying to put people off buying here but then goes elsewhere to promote the stock.

Brokers need volume I suppose.

Not a great time to be releasing news I wouldn't have thought unfortunately.

Now, let us never speak of it again !

The first RNS was the initial result of the drill which of course had to be released. They then carried out more down hole analysis, scratched their heads, cried and decided nothing could be done so released the second RNS. It was fairly evident from the first that the second was coming though; expected oil column range something like 60-100m and they hit 12m.

I think so.

Just reading through this again. There appears to be an error on page 9 which lists our resources. The measured resource at kili is 62,000 not 411,000. I wonder where that higher figure came from as it’s not an obvious typographical error.

Seemed a fairly pointless interview but perhaps they sign a deal where you get an interview per RNS or similar. No such thing as bad press though I suppose.

I hope we will hear from the main man once production numbers are released though. And from the new guys sometime soon.

Gold price holding nicely.

Great summary and vision given with admirable clarity and things look very rosy. One slight criticism might be a lack of timescales though.

‘ Current status and plan is to utilise pre-screening and crushing circuits (in process) to achieve planned medium-term 1,000ozpm gold production’

Perhaps a hint they are not quite there yet on 1,000oz per month consistently. Happy to be proved wrong of course.

Nice summary of where we are - and more importantly where we are headed.

I like the Idea of an original Brazilian ethanol investor sticking with the entity as a cash shell again. What business next ?

'Buffalo was discovered in 1996 by Australian major BHP, with the discovery well encountering
a 45 metre light oil column within high quality sands'

They have 13m in this hole; maybe still just a very very dim glimmer of hope.