Member Info for toptuf

Monkey: I try to keep my posts polite and open for others to disagree in a similarly polite fashion. I do not need to "wake up and get a dose of reality" as you put it. My translation being that anyone who doesn't share your analysis is a muppet. 2phevs has nailed it with his post. There is an inter creditor agreement to be sorted out and signed, but the small amount of the loan suggests that this isn't far off. They didn't, after all, have to lend anything. As for a motive to "faf about", I don't see one for Newgen. When the $20 million is sorted out the interest payments will be a lot more than with this bridging loan.

I am no copper mining (or any other sort of mining) expert but I have a reasonable grasp of finance thanks to involvement in that side of things with my late father's business. It would be extraordinary for Newgen to front up cash and then walk away from the larger financing especially as they could have done so at any point without risking $500,000. I don't think that this has been handled especially well nor has it been communicated to share holders in a particularly coherent manner, but it seems a matter of days/weeks before the substantive loan is closed. From there, assuming development continues at the current pace and that this is communicated to the market, we should be back towards the May highs by year end.

With regard to comms, it isn't really good enough to keep setting deadlines for the completion of a finance arrangement and then extending these without a clear statement as to why this has been necessary. To simply say that it is taking longer than you thought it would gives rise to the question 'why'. I would be taking a serious look at my Chief Financial Officer when this is over and ask whether he is up to the job.

What is your target price btw?

Do you mean that Monday is the best day of the week to release news or are you predicting that there will be news NEXT Monday, and if so, why do you think that's the case?

Nothing funny about the announcement. They had previously extended the deadline from 31st Aug to 30 Sep and having missed that deadline too they released this RNS to try to explain. There was an explanation of sorts but it hasn't helped at all!

Yuri: What exactly is it you are expecting to hear this month and what effect do you think it will have on the share price? I regularly see predictions of various multiple bags on here with news coming "soon", "tomorrow", "any day now".......but all these predictions come without any analysis of how such a share price can be justified. I would weep with joy to see just one properly argued case supporting 1p/2p or whatever price you choose.

Only yesterday I was saying that the "1p tomorrow" gang would be back and here we are. If this comment was accompanied by a clear break down of why we will be at 1p in the "coming days" it would merit more attention but simply sticking a pin in with no additional justification seems nothing more than wishful thinking. Of course if "coming days" actually means months; all days ahead are in fact 'coming', then perhaps you are right. Maybe you can narrow it down and explain how we get to 1p other than sentiment or keeping your fingers crossed.

I nearly came on here last week to say that the recent price had put off the 1p tomorrow gang who seemed to haunt this board for months. Now we'll have to go through this all again with wild predictions of ten bagging and more. I can't see anything above 0.3/4 until next spring and there's just as much chance we go back to 0.16/17 by the end of the week. This is a (very) long hold and even then it may blow out completely. I'll keep my two million shares as selling won't raise much but knowing my luck the next day they'll sky rocket (sell, sell I hear you all say but alas, to use Boris's favourite word, no).

I too am positive and communications have been better of late although yesterday's RNS left a few questions unanswered. Why, having given the impression that funding was sufficient until the Newgen loan closed, was extra money drawn down? It is probably nothing to worry about but in the absence of clarification speculation will cause the SP to drop further. I am reminded of the dreadfully vague 7th May RNS that caused the start of this decline.

I don't think the market works like that. If they have 'got wind' of something it would spread like wildfire. At least we have lost most of the "good news coming tomorrow" brigade who made daily predictions for a couple of months until they lost interest and more to the point credibility. This share is something for 5-10% of a portfolio on the off chance that it sky rockets. Anyone who holds 50% plus in Oilex will either be very poor or very rich in a couple of years time because I suspect that Oilex either won't exist or it will have gone through the roof, but I would rate it 50/50 based on its history.

Regulator: The share price will only move up when we book decent profits or the market starts to look forward rather than back. Rambler under previous management had a chequered history to put it mildly so they have some catching up to do to reassure investors. I would hope that by mid 2023 we are valued at around 250 million dollars based on perhaps 25 million profit x a p/e multiple of 10. That would be around £1.70/80 a share depending on exchange rates.

The target is a two year hold or when SP reaches 5p. I have little idea when or if news that merits such a price will come. I'll leave the 'it's coming tomorrow, next week, next month, I wouldn't want to be out over the weekend' stuff to others.

I don't see why the overhang would clear when the current sp is below the placing level.

Hannay. Are gales forecast?

In the last interview he gave, Joe moved this "end of Q2" date to "within the coming months". That suggests to me that it is neither days nor weeks but happy to be wrong obviously.

20 years is no good to me; I'm 55 already. I suppose if you are more than 20 years from retirement and these are in a SIPP then you can afford to be that patient. Gives LTH a whole new meaning though.

I don't see any dramatic news coming this week. The 2nd quarter deadline was moved by Joe before he left to "within the coming months", which could, in theory, be next week or just as likely next year. Every half decent rise is viewed as the start of something big but without any real justification. This may go to .3 next week but it might go back to .18. This is a long term (min 2 years) hold for the real profits. If it bags from here before year end I'll be both surprised and happy.

Jonesrichard: Given the change from "end of Q2" to "in the coming months" it would be very surprising if any news came before the end of June. If that was going to happen then Joe could have reiterated the original timescale. There will eventually be something but months could mean 2 or it could mean 10 but being plural it probably doesn't mean within 3 weeks.

Jrlomax: It was mentioned in that we now expect approval in the "coming months" as opposed to end of Q2. "Coming months" is about as vague as it is possible to be and means we can all stand down for the time being.

Vacation: How close is "so close", and are we sure that it will be good news? I was waiting for an RNS from Rambler for a few weeks and when it came it was a shocker with the sp now down 40% since that day. The same with 88 energy; eagerly awaiting news and then a dramatic plunge of over 300%. Excuse me for not pinning my hopes on the next piece of news whenever it may come. I'll play the long game (24 months) and hope for a return on my money.