Member Info for Thornback

I've been in this for 10 years now and to be fair Darryn McClelland has been OK in comparison to the others, Peter Bird et al.

It's been an appalling investment with repeated/poor Feasibility Studies and Optimised Feasibility Studies, fallen through sales etc but I wouldn't personally blame McClelland.

He's got his fingers in more pies than most would like.

I'm sure he's doing just fine of all his salaries to be sweating too much about how this ends tbh

EMR Capital - Exec Director

C3 Metals - Chairman

Andina Copper - Chairman

As well as Asiamet obviously

Thanks agent

Was there a forecast date for the completion of the sale of KSK to Norin please?

Hi Brad, I believe the generators have finally arrived (the delay wasn't TLOU's fault obv) and there's only a small amount of work to do, pressure regulators and gas line connection with the generators gas inlet.

Hopefully 2026 will be a good one, it's been a tough few years.

Does this mean all the circa £81m sale value (less costs) is to be paid out to current shareholders?

delivering a return of substantially all the funds from the sale to shareholders as previously outlined

Looks like the big players, 53.3% are in favour of the deal updo, I'm not sure there's much that can be done to block the sale.

Does anyone have any ideas on what Manini is doing?

Meaning what?

***Invested, not encountered

As a LTH "fit" is of zero interest to me.

The board splurts out this

"The Board believes Norin possesses the technical expertise, financial capacity, and operational experience to successfully develop the KSK CoW into producing mines over time"

I would suggest most LTH's don't give a hoot, they want the best price possible for the years of frustration and money they have encountered.

Let's hope so Hitman.....

We need the Chinese to come in and take Beutong as well........

Yeah and another 10 years of sucking the life and your cash out of you telling you how transformational it is before they sell it for 2p, they can stick it up their pipes......

What a Bag O $hite for any long term holders this is, an awful return and now Manini and Co will plan on doing exactly the same with Beutong if they have the chance.

They award themselves shares at a stupid SP for a job well done (not) which gives them a nice little lump in return as well as the continuation of this lifestyle company and will again suck others in to putting their hard earned into their next life style adventure.

"delivers a strong return for our shareholders." you're having a fkin laugh Manini

TR1 tomorrow maybe?

When are we expecting the completion of the second phase of the limestone drilling, it's been going for some time now?

Yes it does appear something is brewing hopefully, and not before time...

I think salaries would come under this element which is where some of the proceeds will be used.

General and Administrative expenses

Exactly Billf, a practice that should be banned without a doubt.

I'm not stating it's happened here but it would be a perfect fit for this fella at the helm IMO.

We've heard the bullish rhetoric which pushed the SP up and now it comes back down with a large number paying a higher percentage than today's SP.