Member Info for V111JAS

Please ~~~ No more storms !
Let`s have some sunshine and blue sky )

of `Arm Chair Geologists` providing opinion tonight .
Would you trust an `Arm Chair Surgeon` to operate on your brain tumor ?
Waiting patiently to hear from the `Shaven Leader`
GL.

of `Arm Chair Geologists` providing opinion tonight .
Would you trust an `Arm Chair Surgeon` to operate on your brain tumor ?
Waiting patiently to hear from the `Shaven Leader`
GL.

Desmond ~~~ So it would seem that I was at least correct about `The Weary` )
Anyway , good luck with your trade

It might be flat and boring , but that`s very much more preferable to the downward spiral that we experienced between October and February .

Desmond ~~~ What an impressive list of nervous questions ~~~
The Samaritans do offer support to the `Weary and the Weak` .
Have you got their telephone number ?
GL .

In fact KDNC finished up 245% !!!
I was watching it some time ago , very well done all those who stuck with it .
IF AP can pull off an OT deal that is even half as good as that confidence will return and I suspect many of his mistakes last year are likely to be confined to the history books .
Isn`t it about time we had a bit of news about those many alternatives post Mercuria ?
GL .

Well , despite my disappointment over the Winx result ;
I didn`t DUMP , and I didn`t DOUBLE .
But I have bought a few more !

IF / When we do get this FO , I do believe we will see some considerable confidence restored ,
and I do think we will get that FO .
When ? Who knows , but it would be yet another disappointment if we were none the wiser by the AGM 15th April .
GL .

LoL WAsussie ))
~~~ Joking aside ~~~ I have to agree with you !

I thought for a moment we might have just received the transformational news we are all craving and I know this statement is probably the `Correct` thing to say :
“The progression of the farm-out process to the preferred bidder phase is encouraging
but no deal is done until it is done."
I suspect DW felt he just had to say something and that seems to be all this is .
Encouragement / don`t sell / we`ll get there / etc ~~~
Hopefully we will ~~ one day .
GL .

Sandcrab : 22.20 ~~~ So very true .

Moda ~~~ " I am in my 70's and I worked out I have to work until I am 110."
That`s what I mean about `Time` .
Thank goodness it`s the weekend !
GL .

Moda ~~~ Indeed ! Thanks for that .
Regards .

My head still hurts over this latest set back (not to mention my pocket ).
I`m now thinking ; will the FO reconcile the two major issues I see facing 88e :
Money ~ will we need much more , how much , how will it be raised and what will be the consequences ?
Time ~ the timescales here are starting to look like they may be considerably extended beyond my original expectations .
So I`m taking my time to decide what and when to do :
Double or Dump ?
GL .

I VERY much look forward to hearing what Lee Morris has to say .
~~~~ " but all info will be factual and my person thoughts on the changes AP is making ."
I seriously hope that his report will eliminate many of the ongoing doubts and suspicions which the GM just seemed to exacerbate .

Dodge ~~~ That`s exactly what I said to Castaway last night (No reply) :

~~~"BUT , my real concern now is that the market cap is so minimal , the private investor base so disillusioned , apparently some c25% of shares are in the hands of a few individuals , AP (and the rest of the BoD) hold no equity but AP has a 10% interest in the primary asset , this Company is effectively based in Romania and in the background there is `Romanian interest `.
This leads me to think that the final insult to PI`s here would be to have this Company dissolved and taken PRIVATE .
(~~~ Fwiw ~~~ It can happen , I`ve seen this type of dishonourable activity before .)"

I believe this and / or some form of break up to be a very real possibility , where can they possibly raise funds to get this moving ? if I wasn`t so trusting (!) I might even believe that the ground works of a restructure along these lines have been deliberately engineered . Perhaps someone who has direct contact with AP might raise the issue with him , a pity it wasn`t raised at the GM .

"Winx-1 will now be plugged and abandoned."

Pritchard = Pitchford

Sandcrab : Senior Management are usually given 100 days grace to get their feet on the ground , In fact AP should have been well up to speed as soon as he was appointed - 11-1-2018 considering his proximity to Pritchard .
You would have thought that by this time last year AP would have stumbled on at least the major issue facing the business - MONEY .
Hope , he just carried on where Pritchard left off .
If you consider the facts available to us now , well , good luck with your investing into the future .
GL .

Castaway ; The points tat you make are indeed correct , unfortunately they are incomplete statements of fact :
1) He brought BPPM to VAST
There are multiple complexities associated with it`s development and at this point in time we have no money to bring it into production .

2) He brought Manaila to VAST
It now appears that this is in some form of suspension .

3) He got us Zagra when we had no nomad
Perhaps this will have to be disposed of .

4) He brokered the Mercuria deal
The deal is defunct and now we have debt obligation to Mercuria .

5) He is on the verge of getting us the Marange concession to mine
This has not yet been confirmed .

6) He has brought us the possibility of buying Remin mines
Perhaps , but ; are they worth buying ? Where will the money come to buy them ? How can they be brought into production when we have no money ? Where do these `Possibilities` fit into a strategy of priorities ?
(Is there a coherent strategy ?)

7) He got us 25% of Blueberry for practically nothing
The value of Blueberry is now apparently questionable , we just do not know .

etc , etc ....
I have a number of major concerns , including ; Money , Strategy , Consolidation , Capability , Credibility .
BUT , my real concern now is that the market cap is so minimal , the private investor base so disillusioned , apparently some c25% of shares are in the hands of a few individuals , AP (and the rest of the BoD) hold no equity but AP has a 10% interest in the primary asset , this Company is effectively based in Romania and in the background there is `Romanian interest `.
This leads me to think that the final insult to PI`s here would be to have this Company dissolved and taken PRIVATE .
(~~~ Fwiw ~~~ It can happen , I`ve seen this type of dishonourable activity before .)