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Have always avoided ****ging off shares I have invested in (and certainly to the extent that I have here) however I think it's fair to say today that I now consider this a lost cause unless they find a ***king rabbit and a hat.
The only redeeming factor today is that the entire market has tanked.
Does excuse the fact that the team running this outfit have proven a total lack of regard to shareholder communication.
Sheds - I agree... it's almost as though there's a parallel governmental project/initiative which the ES team are all working on on the side. What happened to just drilling, completing the PFS or getting us a JV partner before our license time runs out?!?!?!?!
Time for Myles to provide a little more transparency.
Pawn - well, welcome along. Sure, we have a profitable asset. Just not sure we know what to do with it :)))
Sheds, agree that we have what's needed. The only questionable point for me with ZINC was the cost of the smelting process and supposedly quite a lot of it being waiting for processing. Might have got that wrong, but think I read it here.
Did we ever find out who was the potential partner that walked at the 11th hour?
T
Pawn - out of interest, how long have you been in this one?
I'm a believer in the asset, but have become a little cynical having now seen for myself the same story repeat over the past 2/3 years... Still waiting for the game-changer to drop.
3 buys so fat this morning, no sells.... but I'm not going to pop a cork just yet.
:)
Interestingly, we also now only have 3 MMs in L2... speaks tonnes. No pun.
Pawn, I don't disagree that the "macro" has changed in our favour. But for the life of me I don't understand why we are seemingly unable to capitalise on it.
Who is doing our sales / marketing? How many people are actually working on site? How much coal have we prepared? How many customers? Basic info would be nice.
I am still holding everything here. No point selling at 50% loss. But it would be nice to get a warm and fuzzy feeling for a change...!
Lets see what the markets think.
So we are going it alone. Again. And still pursuing the elusive 5000 tonnes of coal for some mystery local buyer.
Not sure whether to laugh of cry.
Maybe better that we are the again the masters of our own destiny, but FFS I think I could have dug up more with a shovel in the past 24 months.
Well one thing we can glean from this latest RNS is that they are making an effort to keep us all informed, for which someone deserves credit. Nothing ground-breaking in terms of progress but good to have further insight into their strategy and current influences/players.
T
An admission of beinh wrong... from China...
https://twitter.com/BlakchinnieBlue/status/1525049669734260736?s=20&t=fvqiV-2Voik6tMDpldoF7w
It starts now - May until October.
Not sure we haven't received any profit from the sales... but clearly not material. Interestingly attached a few buys post RNS, possibly thinking there would be a surge.
But longer term this is probably going to see us get money in the door. And a massively undervalued SP at present.
Holding. But not adding. Yet.
GLA.
T