Member Info for Urbanracer

I agree P. Just had a little tickle.

Kevman,

I have a rule not to get involved with any nonsense posting; especially when there is so much good stuff posted by the long termers on here.

The reason for making this post an exception is because I note your reference to sxx on a thread instigated by Pidlan. Mawr and continued by ‘my friend’ Cookiecrew 2019 of Pgd fame.

It’s a dangerous game Kevman as you clearly know so I suggest you start by googling Pidlan, Mawr, and Cherrypicker. It is a scam post.

First and last of this nature for me.

UR

Ah Nice,

Au contraire; au contraire.

It’s grand to hear from you; only asked good ‘ol Ramping as he had owned up to the big purchase earlier today!

On other BB’s they would be convinced it was MM’s ‘playing their games’, and that a £2.10 trade (or whatever) signified an Imminent RNS declaring God knows what. Lol.

Love this board even when Mads brings me back down to earth (quite rightly).

We all seem positive at the mo so long may it continue. As you say; another piece of the jigsaw fitted.

Fromage frais Nice!

UR

Haha. What are your views on proceedings Ramping?

Own up.....who is risking £2.10??

Cheeky top up for me today Mads...…
My rose coloured specs are back on!!!

I agree. The new corporate presentation tends to support the theory. The only thing that conflicts is the intention to delay new PEA and tech report until a few holes drilled ‘twixt Bam and Lamaune UNLESS the deal proviso is confirmation of BAM similar grades in those holes which would then pretty much nail on the ‘multi-million’ ounce theory.

Looking good I think Mads .

Lnd are certainly very active at the moment Mads.

Mercedesman,

From horses mouth...

‘ Six drill rigs to remain operational during Australian summer period (December - March), subject to adverse weather events and a planned two week shutdown over the Christmas period.’

Regards.

Well Paddy, a good chance of it being a big’un.

Caesarian perhaps lol!

Ps. Feel a bit guilty Paddy; you appear to be the go-to person reference Ggp at the mo!!

Paddy,

Just checked back and viewed your time lapse video (brilliant idea).

The two holes that I refer to appear on 12th and 17th November respectively so presume 4 to 5 weeks drilling was conducted on each prior to fortnight shutdown. Re-entry therefore most likely.

Hi Paddy,

Thanks for swift response, and yes it is great that drilling has recommenced; we knew there was an Xmas 2 week shutdown so the fact they are up and running promptly and in the face of such adverse weather conds is superb. Your views make total sense.

Thanks once again.

UR

Afternoon Paddy; hope you are well.

Thanks as always for sat image and your interpretation. I just wonder if I could seek your opinion regarding the two you have circled to the left on the twitter image. They are part of a line of four that have been visible for some time. Are they previous drills that have been re-entered ( deeper drilling?) do you think, or do you assess same as locations that had been prepped but not drilled and that my untrained eye had fooled me?

Cheers pal.

UR

Are there any other investors / gamblers out there with a view on proceedings. If so, please give us your views good or bad!!

Ta

Mads,

I think I suggested the winter drilling bit.. we discussed climatic conditions.

On last point (although you may shout at me re losing balance again!) it won’t be the first time for me when lack of clarity re plans occurs when the company in question isn’t for the time being in sole charge of its destiny.

If the 2019 results are (not saying this IS the case) as good as maybe the case then potentially talks have recommenced. This would account for lack of clarity.

As I say, only a view and very possibly way off the mark. ( no rose tinted spectacles for me at the mo)

UR

Mads,

After drilling as previous RNS stated

‘The proposed update of the PEA and preparation of an Independent Technical Report on the BAM Gold Project has been deferred until additional resource drilling has been completed on the new targets identified by the 2019 soil sampling program.’

UR

Oh dead right Mads. No doubt at all. I think there are talks ongoing and I think the silence at the start of 2019 following the PEA etc indicated that. Perhaps we were / are just shy of defining a potential resource sufficient to meet the criteria of a mid tier or major.

Anyway, if 1 million was the target we are there So perhaps we may get that offer now especially ( and I know I am harping on about it so will shut up) after the results of the sampling which they do seem vv excited about.

Cheers pal.

Hi Mads,

......and you were doing so well until that last sentence. Balanced post and then BANG but you did make me laugh out loud!

No I am afraid I have to agree with you. This does smack of a funding issue BUT of course they have to carry on drilling to define the resource. Thing is Mads I want them to hammer it now and that simply can’t happen with LND going alone. We need multi rigs to define what we have and I AM positive here with all the signals from 2019 looking so good.

We can’t continue in this fashion now. We need to either sell or (my preference) enter into an agreement with a JV partner such as a farm-in and really get this thing moving.

Morning Mads,

Yeah I agree. Positive but I am puzzled. I have just replayed the Andrew Scott interview with RP dated 5.2.19. He confirms resource of 951 with an additional 400,000 ‘odd’ ounces. As such , I expected a higher resource estimate also. (Around 1.4)

The RNS also confirms that a drilling programme is ‘ under consideration’ to extend the BAM and test areas identified by the soil sampling campaign which has identified ‘widespread gold mineralisation’. I had hoped (as I said before) that winter drilling was underway but that is clearly not the case. Bit disappointing.

The thing is though that these reports are written for experts in the field. There is much technical stuff that I simply don’t get and so the relevance can be missed by the layman. In simple terms though 1000000 ounces of gold is still a great result and the 2019 exploratory work shows that the potential for a multi million ounce resource remains.

RP states clearly in the interview that there has been a lot of interest from potential JV partners. In the absence of an outright sale, I just hope the new MRE allied with the sampling results out to Lamaune is now enough to tip the balance and bring a partner on board and really get things moving.

It would be good to see a new interview with a board member to clarify the position for the benefit of all investors.

Hopefully balanced post Mads??

HNY all. UR