Member Info for Urbanracer

TC101

Hahhahahaha. Great idea!!! :-)

Best of luck. UR

Stephen11,

Minimum requirement is 3 per cent of current shares in issue which is 16,904,000,000 x 3% = 507,120,000.

The next part of your question is unquantifiable as it depends on how much was paid per share. If the investor bought now (using mid as a guide) it would be 507,120,000 x 0.00305 = £1,546,716.

Cheers El,

As you say, fingers crossed.

Well Merc,

Sorry to brag but after 6 years of building and holding, and 6 figure investment, I am, as of today……..wait for it….

£34.06 in profit!!!

Ecstasy does not even come close.

UR

Ps Hope that 8k of yours is recovered in double quick time.

So do I Mickey,

Just so long as no one on here starts the mantra….”sit on those hands”.

Not unless they want a dig in the kisser!!!

That Convid were shocking Merc!!

Certainly sounds like LadyinRed could make good use of the dense medium washer based on her 07:12 post earlier.

The buys v sells ratio today is completely up the wall today as they vary the spread.

I bought 7.2 million and it is shown as a sell.

It is a good point creaser…knowing when to sell is soooo hard. And the actual pressing of the sell button is difficult as well.

I was in Greatland when a poster with a following like Christ used to talk about sitting on hands. Many did as a result such was the esteem in which he was held.

The sp went to 38p. Have a look where it is now!

Yeah, having that decision requirement taken away might be useful.

1.2p (ish) per share eh Chadster?

Mymy indeed,

What an average. You could buy 50,000,000 (fifty million) for just 30 grand at £0.0006 (.06p). Nice one.

Are you disputing the fact Fosters, or asking for a time of event?

Samroy,

Don’t know if you’ recall, but, funnily enough, BH informed us, during a Proactive interview, that Xstrata had once had a very good look at our nickel assets. ( It’s rare he lets the cat out the bag). Unfortunately, we were shy of a resource big enough to tempt them but they did have a good chat over custard creams. Xstrata merged with Glencore in 2012.

Obviously we have done zero nickel drilling since so resource has remained static. On the flip side, nickel price has started moving in right direction, and the demand curve has moved for obvious reasons.

No conclusion. Just thoughts.

UR

Simple Simon,

The point I made appears to have been completely missed. I was not comparing Kodal to Sirius. I just used Sirius as an example of utter surety in my mind which eventually proved erroneous.

My argument is that I am now armed with the experience and EVEN with that I see Kodal as a great investment and so am buying.

Sat at home pondering the Kodal question. Been in since 2016. Aware of fundamentals and potential. Like many, I am obviously not sure which way this will bounce (Sale or funding to production independently or in JV). Either way, with resource we have, and Lith doing what it is, I just can’t realistically find fault.

I have been in this position before with a fine looking company called Sirius but got out with a tidy profit before the issues began. That I got out in time was down to old fashioned good luck and not a strategically good call by me. The reason is I share this is because I learned a lesson and now know that all ‘dead certs’ are not necessarily so.

All that said, BA admitted we were having offers, informal though they were hence no announcement. Many CEO’s don’t do that. We know therefore that there is industry interest. Why would there not be? So I come back to BA’s “tantalisingly close” comment. Lithium on the rise and all I read predicts shortages and associated climbing price. Lithium, like gold, is not going away.

No one can make a decision for me, but I have made it.

Time to Buy.

UR

Thanks Shy,

I suppose that would make sense if a base level from SC perspective rather than a buyout bottom line?

Hi Merc, Daz, (or Anyone)

Re this para from last weeks options RNS:

“In the event of a change of control of the Company or a sale of greater than 80% of the interest in the Project, then all Share Options relating to the financing or permitting hurdle vest immediately, and subsequent options relating to production vest at 50% due to the removal of this opportunity. The value of any proposed sale of the Project must have a nominal share value of greater than £0.0038 for the Share Options to vest.”

I am keen to know if you take a view about the .38 of a pence figure. It’s obviously not random, and suggests to me a baseline figure only above which would their share options vest. It surely isn’t a ‘bottom line’ is it? I cannot, for any reason, see a company presumably in the middle of negotiations declaring such a hand. I suspect I am missing something that may relate to an historical agreement with the Chinese.

Any ideas gratefully received.

Cheers.

UR

Ps I am still in deep Merc :-)

Samval,

Landore have contacted me in respect of a letter I sent asking for clarification about the intended 2022/2023 campaign intended to run parallel with ongoing SR.

The key points of vagueness came about as original 15,000 (see 24/5/22) concentrated on Bam (infill) and Felix (expo) at 7,500 a piece was complicated by new references to Lamaune drilling (au) and Carrot Top adjacent to Lamaune Fe.

Response from Landore confirms that 7,500 is earmarked for Felix as per 22/5 and Bam also retains its proposed 7,500 however the intention (as it stands) is to commence when winter starts to set in in late October.

Therefore there has, as I understand it, been no meterage reduction to account for less funds.

All that said Samval, we are all aware that this game is open to change depending on any number of factors. Especially at this point in time.

UR

I think your reply was for AM90 greendave. I wasn’t involved in POG discussion.

Grenade,

To clarify if I may.

What BH actually said was that Geo chemical (sampling) results are ‘trickling through’, however, that does not necessarily mean that Landore will
actually report on them. They may not. The main function of this ground work is infill at Felix to help define the drilling which, importantly, is only due to start this month. (May have started within the last fortnight therefore). We are weeks away from any drill assays.