Member Info for Urbanracer

I am just starting to digest it Dirkus......

https://www.proactiveinvestors.co.uk/companies/news/922851/gold-continuing-to-prove-its-worth-as-a-hedge-against-inflation-922851.html

Wow. Very impressed!

Dynamic management eh Mads! Its the future.

Page15 apols for typo

Can’t see any changes Dirkus.

Every time I look at the CP and the soil sampling results on first page I get so frustrated. We could well be set on a b.... big gold find here.

Wonder what is the delay in activity is due to?

Is there any word on the street down at Mme Una’s Mads?

July next week.......

Gotta hear summat soon. I am googling miners stuff no end but not picking anything up LND related anywhere.

I am once again wondering wether or not the silence is good or bad. Another top up is on my mind. Decisions decisions.

RampingD you may be right! Just checked and site still down. Being updated maybe or would that not cause the issue. I can’t believe it is due to heavy traffic!!

Brutus ad Landorium.

UR

Odd?

Time for the odd conspiracy theory.........

Nice,

Just had a tittle tickle myself........

As I do live by food, I met a fool
Who laid him down and bask'd him in the sun,
And rail'd on Lady Fortune in good terms,
In good set terms and yet a motley fool.
'Good morrow, fool,' quoth I. 'No, sir,' quoth he,
'Call me not fool till heaven hath sent me fortune:'

UR

https://www.kitco.com/news/2020-06-24/-3-000-gold-price-no-longer-target-it-s-now-10-000-if-Fed-assets-collapse.html

Ps Good move imo Nice

Cheers Tig,

It’s certainly one to think about but whatever happens we are in a very very good place.

UR

Mushroom,

I was busy typing away when you replied so overlapped.

UR

Hi Paddy,

Hope you are well.

I recently commented on the possibility of NCM being in a position to release the Maiden RE in July. I recall you also considered it a possibility. I would be interested to know if you still feel the same as I am now in two minds.

From my point of view, getting the initial indicated figures out allows other factors to come into play however I appreciate that it is a balance between a lower initial figure versus timescales bearing in mind the Telfer situation.

I realise that the Maiden RE will also list inferred as well as indicated Resources so giving a flavour of what further infill drilling will bring when NCM are able to move such inferred numbers into the indicated when the second (Mineral rather than Maiden) Resource Estimate is released. This should protect the SP.

The reason for my being in two minds is that the 5% aspect is, of course, based on timeframe/spend and to my mind NCM will be in rather a good position in relation to the ‘fair market value’ aspect as the value can surely only be based on exploration results at that time. I, like many others, have also thought a full Hav purchase by NCM to be a possible scenario and have always considered that that was why the 25 per cent remaining was Included to ensure that any negotiations around the 25 per cent (if GGP were minded) would happen only when a much more realistic knowledge of the total resource at Hav was known or at the very least could be surmised. (I accept that the full extent could take many many months) This would not be the case with the 5 per cent written into the Farm-in.

The balance therefore is an initially lower resource estimate than would otherwise be the case, versus the fact that with an early MRE, things will start to move towards permits, decline, PEA, and mining at the earliest possible opportunity.

I am sat on the fence.

Kind regards

UR

Hi Mads,

Fully agree ....except for.....would I also jump ship?

Not sure about that.

A Wed RNS would be splendid.

Now then Nice,

Nope deffo not; I am firmly sat on my hands and will remain so. Maybe I am pig-headed but tbh I still have a positive feeling about LND.

Two points though....

1. Mirror image of last year. There was silence, speculation, and finally, in June, Sudden funding and drilling RNS’ thereby confirming that in 2019, LND would be going alone. I was surprised as had been convinced negotiations had been underway although I did fancy a JV at that time.

2. What caused the flurry of activity a couple of weeks ago. I just can’t work it out. Very strange but seems Clear the shares did not go (not all anyway) into sticky hands.

What is clear though is that news, one way or t’other, is imminent.

UR

That post has got to be from one of you lot on a newly created second account!

My money is on Ramping Deramper.

Made my evening!

UR

Tiggerman,

Splendid.

Takes me back to 1970’s Grammar days.

14 lines of iambic pentameter (3 x 4 line quatrains) with rhyming couplet at the end?

Does my memory serve me correctly?

UR

Hi Drusus,

You are right and I apologise. Just got out of the wrong side of the bed this am.

If I am honest I was hoping for end game and then intended investing proceeds into Ggp whilst still upside there.

Just frustrated with the speed of developments I suppose.

Cheers Pal.

UR

It is HAVE paid; not OF paid.

Fair old bit of buying at the moment ......

Reminds me of the scene from Das Boot. The sub is firmly on the Mediterranean Sea bed after hours and hours of repairs following depth charging. Finally, they attempt to blow the water from the system and finally the sub begins to creak and she moves and resettles. There is only a small amount of compressed air left but ........
It’s enough.......the rise starts and she rapidly accelerates towards the surface .

Let’s see FT

UR

Still no update.
Sp slipping.
Frustrated PI’s.
Confidence eroding again.....

And country going to the dogs.

What’s not to like.

UR