Member Info for SuperRoty

Worth checking shortly if there are any delayed large sales. If there is a placing it looks to me to be at 10p

Yes very little forward selling if it's a placement. I think it's market panicking and causing the drop.

Good publicity

Hoping for a better week next week. I'm getting fed up being hammered left right and centre

Myles is an expert investor. Most of his holding was sub 10p although I know he bought in at the last placement I suspect he has offloaded in full and is ready to invest again at the next placement. Let's see if my suspicions are right.

I do blame the Board for the slow pace the DFS was completed despite it being fast tracked. It took years and we have still not had the Feasibility study for Poland or the rutile results which where sent off nearly two years ago. The Board are happy to drag things on as long as they get paid.

As regards the mining permit they should have applied months earlier so it would be ready with the DFS.

As regards funding, no one will lend until the know what it covers such as permitted tonnes that can be mined each year.

As regards the Talaxis deal. Clearly the market does not view this favourably as we lost our free carry to production.

I have to say it but the market does blame the Board who have failed to adapt to the global crisis.

A sale is the best option for us to maximise our return. If we go ahead with the projects using external finance and grants we will still need working capital and that means placements. Let's see what happens.

So down it goes with hardly any cash left and God knows how many more milion will be needed in working capital to bring any of the projects to a cash generating stage. The projects are brilliant and the potential is massive but the market knows that they do not have the resources to complete anything without help from partners.

I do struggle to understand the Talaxis deal. With this deal they would fund the whole mine con and give us a risk free share.

Let's hope so

Munch

Have you read the financials? The cash is gone and going concern is mentioned. If there is a takeover going to happen it better be quick before the placement. It's going to be a tough week here

Agreed Munch. We need a juicy RNS and now. The market is treating nearly all AIM mining companies as junk and elsewhere alot of my portfolio has crashed as projects are shelved on funding fears. We should be fine here, but the market needs to know this from the bosses by way of an RNS. Imo I am hoping we get bought out at a decent price and let someone else take the risk in developing the mine.

August is always quiet. News flow will start next month.

Good luck mate.

If I was a CEO of a lender thee is no way I would lend here at a favourable rate until flow rates are materially increased and plans show a healthy profit. This reminds me of AAOG with some of the same rampy posters. Go on Art and prove me wrong.

Agreed. Copl is stuck in a rut and existing cash is disappearing as I type. No normal bank will lend to this rabble so its wonga finance and big discounted placements

The word bargepole comes to mind until the dust has settled.

Then depending on the cash position it could well be an excellent punt. The resource is massive. If they can master it there will be great rewards. If not it looks like bust unless they can get their wells flowing three fold.

Despite any needed placement the PANR news means this should easily double from here pre spud. If we get a farm out who knows how high this will go. This share will go crazy in the autumn / winter.

No, but it demonstrates lack of organisation and ability to deliver on time to the market. He needs to announce weeks in advance when results will be released ànd stick to the deadline

What I never understood was why there was provisional finance being offered if the feasibility study was not up to scratch. The market was possibly totally mislead on Dundas and dare I say a few porkies may have been told. I got out at 9p and counting my lucky stars. I will not reinvest here until the whole board has been replaced.

Agree and if the drilling fails the cash is gone.

Corporation Tax is payable on accounting periods using the enacted tax rates applicable in the period. This will cross two tax periods which begin on 1st April and ends 31 March.

Munch

You are right. We know how good this is. The market will know soon enough. I have waited years on this so a bit longer is fine.

The problem is not many of us know how good this is and what is going on. MM's are just treating this as a bulk standard explorer as there is not much else they can do. Just a shame we don't have a pr and ramp Crewe like 88E