Member Info for toptuf

TWB: Spot on. Timescales is the key word there. If he says Q3 that's fine by me and will at least put off those who keep writing that tomorrow is the big day etc...

I've filtered Macca but can see a whole raft of green boxes again. I suggest that if he wants to 'go to the moon' he books an early ticket with Elon Musk as he'll be there before Oilex. If I double my money in 12 months (.7 by next March) I'll be very happy. Anything more will be a bonus.

If there is a placing now it will go down as one of the most cack handed in history. The length of time being taken to clarify funding does tend to suggest that something more complex is being worked on.

With the above anniversary looming tomorrow, Oilex is approaching its own dday; assuming that they keep their promise to have jv news in q2. Personally I think this will drift into q3 and possibly beyond. However, whilst that won't be great, any sort of uplift will be better than keeping the money in the bank. Been away for a week but still keep seeing the "news coming soon/very soon" messages from the same people who have been posting this for three months.

"Other avenues should be explored". Do you not think that is how the board has been spending its time since the RNS was issued?

Do you have another best mate called Toby?

A couple of times I've mentioned being here until at least 2023 and this is why. Next year will be the first year (hopefully) of full production for the whole 12 months. Those results will come out in Apr/May 2023 and, again hopefully, show a profit of around £25-30 million depending on the price of copper. A P/E of 8-10 gives market cap of £200-£300 million depending on lower or higher figures being used. That then produces an sp of £1.80-£2.70. Clearly the share won't stay at 40p for two years and jump by a couple of quid overnight but that is my thinking. Getting out any sooner than 2023, unless a large takeover offer came on the table, would risk seriously missing the boat. I don't like looking at a paper loss any more than anyone else but that is all it is. If we hit north of £2 in the next twenty four months there will be a lot of very happy people on here. PS: I am a bit of a natural pessimist so am happy to take a bit of flak if you think my numbers are on the low side.

What do you mean "it's all over"? Regardless of whether they dilute the shares again (and I don't expect they will) isn't there still copper in the ground which Rambler are currently extracting and selling and which they expect to extract and sell a lot more of? If you mean it would be all over for you and that you would sell up then fair enough but many are here for the medium to long term (2-5 years) and would ride out another placing.

Vacation: These are not MM games but a result of the algorithm being used that leaves LSE having to guess whether some trades are buys or sells. That's not to say that manipulation doesn't go on but this isn't part of it.

TWB: Yes, if news drops and if it's good. Twice recently I've been chomping at the bit waiting for an RNS from other companies expecting good news and on both occasions it was the opposite and the share price tanked. Clearly I am not expecting that again or I would have sold but equally I haven't yet ordered the Ferrari.

If he digs any further he'll be bumping into some of the Rambler lads.

Liam: The quickest way out of this is to accept your mistake and move on. Engaging in exchanges with others and digging in your heels will only bring more posters piling in. Hold on to your shares and sit back and relax. In 12 months you will remember today with a wry smile on your face.

Perhaps not a good idea to mention it but maybe TB didn't think it was such a big deal. In hindsight he might have worded it differently. The problem is not so much concerns about what the company will do (JV, sale, loan) as the market wanting to know what they WON'T do, ie fund raise. If this was ruled out things would pick up again very quickly but I suppose TB can't make that call until he knows that other funding is in place. Something of a catch 22.

Bertie: It was just under three weeks ago when they said we would be updated "in due course". The fact that the AGM has come and gone without news suggests that discussions/negotiations are ongoing. It seems reasonable to conclude that there are a number of options and that it is a case of finding the best solution as opposed to fruitlessly trawling around trying to find one. I don't believe that there is an immediate hole in the finances not least because there is an ongoing recruitment campaign taking place. Companies who are strapped for cash don't usually embark on this sort of undertaking. Additionally had there been a pressing need for money they could already have gone to the market.

Selling now because of consolidation is akin to quitting your job because the boss tells you that instead of paying you £20 an hour he is going to give you £200 for every ten hours worked. It's junior school arithmetic and makes me wonder whether you have pinched mum and dad's laptop password.

Jasper: That sounds encouraging. I'll be as happy as the next man if indeed positive news is announced by 30 June.

Jasper: If indeed the news comes before the end of Q2 then that's fine; as you say the company stated this would happen and it formed part of my research. The problem comes when timescales slip without any further updates. I'm not saying it will happen now but it has certainly been the case in the past that management have committed to updating shareholders either within a specific timeframe or 'soon' and it has been 9+ months. Sometimes it's best to be non-committal.

As alluded to earlier, I would be very interested to know what people mean when they say news is coming 'soon' or 'very soon' because I have been reading this same post most days over the last three months. That isn't a long time in the scheme of things but would better qualify for the description "in a few months time" than soon etc.

Are there any regular posters here who don't think big news will come in Q2? I'm always worried about such a wide time band (3 months) as it suggests that someone is guessing when things will be ready to announce. I've read enough "big news tomorrow" posts to last a lifetime and wonder what a realistic timeframe is for significant news. Thanks. By the way Macca you're filtered so don't bother telling me it's tomorrow.....

The RNS told us that shareholders would be updated in due course about financing. It would be odd to cryptically announce such finance in a job advert.