Member Info for vxrandall

I see you are on twitter telling people that production starts on July 18th! 12 weeks (from tomorrow) I assume you have some facts to back that statement up. Or did you just pluck '12 weeks' out of thin air because someone says q3 and therefore you assume it's the early part of q3? What do you think is going to happen to someone buying in with the expectation of production starting on 18th July if they find out that it's not starting until 30th September? Or is delayed until q4.

was the first I'd seen of 3 (not 2) starter pits ... Seems when I ask a question and ask someone to provide link to the info I get the usual raft of criticism for being for being burnt. That's lazy debate and not factually correct. Seems everyone here is allowed to be bullish but for me to be bearish means I'm bitter. That's also lazy debate. Guess it's ok for someone with absolutely no knowledge or experience of this company to be bearish about it though? Since most of the people being bullish about it have none either other than what they are being told by the company management. But all you 'bulls' are so well researched and have done the requisite background checks to give high confidence in the information you are getting right? I mean, it's not as if any aim company has ever been economical with the truth to investors now is it?

The only person getting ****ged off around here is me. But I understand why. that people are bothered by what I say sufficiently to get so personal gives me confidence that I'm not so far from the truth in my assessments. After all, if I'm wrong and you're all right...what's the point arguing and trying to undermine my point of view?

You weren't trying to 'wind me up about it' , you were trying to mislead people into believing that he had bought into noricum when he hadn't. He had benefited from the shares in consideration for his holding in the company that noricum bought. We cleared that up and demonstrated that rather than wilfully mislead people you are guilty of nothing more than blindly repeating incorrect information without doing the necessary due diligence to establish whether it's accurate or not. The hallmark of a typical ramper and cheerleader. Noricum giving the man shares in exchange for his stake in the holding company is not so much a buy in BY the man as a bail out OF the man since there was evidently no way the project was getting advanced after lundin passed. now, interestingly, if he was working for lundin and happened to own 20% of a holding company with part ownership of a Georgian 'asset'....HOW did he acquire such ownership and when? Before or after starting to work for lundin? Seems to me that he may have tried to get lundin to take the asset on but they didn't...leaving him with a pup on his hands. What's he going to do? Walk away from the project HE had invested in to obtain 20%? (I'm assuming at this point that HE had invested to obtain 20%...it's amazing how directors of companies come by large stakes in companies) Or walk away from lundin? Or was his role as 'special advisor' actually linked to fact that they were looking at his asset and thus when they passed on it, they passed on him by default. Just some observations and some questions. If anyone feels like furnishing with an answer of any level of factuality...would be gratefully received

"It would be fascinating to see?! What sort of share price prediction is that? You are doing all you can to not be associated with an obvious ramp despite doing exactly that. If I'm not mistken you are speculating that the company will increase in value from 6m to 50m quid based purely on the expectation of an as yet unquantified volume of rock of an as yet unquantified grade being taken down the road to get sold to the local processing plant owner for an as yet unquantified price. 50% of which is not bankable by the company in any case. I just want to be really clear on what you are suggesting when you say 'It will be fascinating to seen the share price at 1.225p' 1.225 seems oddly specific for such a speculative fascination. You could have had 1.2, 1.3 .hell...why not fascinate it up to 1.5?

I simply asked the question about 3 pits because previously only 2 were mentioned. You chose to lose your cool over it. Suggest you calm yourself down.

Exactly how long and at what level of expenditure (the 0 capex argument doesn't hold water because it still costs money to extract resources from the ground including drilling) will it take, do you think, to extract 50% of the stated copper and 100% of the stated gold given that nearby mines have been operating for over 20 years? Divide your income by the number of years and deduct the costs that you haven't accounted for. You are citing retail value of metals as some sort of key factor in this company's valuation when they have said that at best they would be selling ore at the mine gate. How much you do think they will get for every tonne of rock and when do you think they'll get paid for it? Cobbled is accurate, it's cobblers. 1) generous considering how much money has been thrown at this entity over the past 5 years and what has been produced 2) reach or commence? Since apparently there is a difference between reaching production and actually producing 3) please remind me where 3 starter pits in production by year end came from? Share the quote. 4) what grades at surface? How much revenue is expected from first truckloads of ore? Do you really believe that high grade ore at surface has been sitting there all these years (soviet drilling dating back to 60s/70s) and no one has even scraped the surface. Worse still..the owners of the project who spent millions on it sold half of it for a song? That doesn't seem like very clever business since it's so easy and cheap to extract. It'd be out of the ground by now, 5) there is a processing plant. That's not 0 capex. Drills cost money, trucks cost money, the technical analysis costs money, playing solitaire on the iPad on flights back and forth to Perth to see the fam costs money. Do you think they just buy half a 'project' and then money lands in their bank account? Clearly the latest fund raising suggests that there is a need for capital expenditure for this project 6) that's a very neat way to swerve the fact that several millions of pounds worth of fundraising went into not one, not two, not five but 6 Austrian projects and not a single resource estimate was created. That it still needs 'grass roots' exploration begs the question what the hell was going on in Austria all that time. Skiing and apres ski I expect. Btw..it's not really grass roots when it's so far up a mountain that you can only work for 4 months out of 12 7) where does it say that a 30 year mining licence cost $56m? That seems rather pricey for a piece of paper. 8) can't wait for this ... Are we talking July , August or September here? I want to set my alarm for the news 9) which larger pits are these? Have they been defined? You sound very sure of it. 10) I found this via Google http://www.proactiveinvestors. co.uk/companies/news/46036/nyota-minerals-pettman-and-churchouse-retire-54924.html Seems he didn't retire after all. Generally the phrase 'retired due to restructure' means 'kicked out'. Got any more cob

Did it say it had enough cash to take it all the way up to receiving income from production? I lose track. Since reaching production and actually producing are not the same thing apparently.

Yep...let me know when the cash shows up. how much cash is that btw? I see 300 odd Oz claimed...deduction of fees, royalties etc. What do you suppose krs will be banking if and when they are paid? Enough to pay for the celebratory drinks to celebrate becoming a miner?

That's what they said to me on afpo... when I said it would go below 1.5p. Get back to me when you see some cash at krs

i was comparing KRS to APFO, not NMG. I'll get there with that one. the comparison is that cash was expected and was not forthcoming at AFPO, cash is expected and I expect not to be forthcoming at KRS. Lets see if NMG ever get anywhere near something that would warrant an expectation of cash before I say that I doubt it will be forthcoming. I doubt you'll see that anyway. You'll have hopped off to some other PoS AIM share long before the inevitable disappointment lands

please dont forget to post when actual cash is received. they've been waiting for cash over at AFPO that was due 'any day' too ...for several weeks. my best guess is that actual cash won't materialise.

there is no reasoning behind this at all. its just a wild guess of a price with no calculation behind it whatsoever. if you can robustly illustrate how a market capitalisation of £29m maps to a 50% holding in whatever it is in Georgia that is claimed to be held and a gold price of $1200 then I will never post here again. show us how projected annual revenues and profits contribute and what multiplier you would use to arrive at the companies valuation? nope? just made up a number that suits you because its way higher than your exit price but tempting enough to someone buying in at spot 2, spot 3, spot 4 etc to remain in longer than you.

i think you asked 'how my children were' in such a manner as to insinuate that they were being neglected Potluk. i'll just report anything you write on here because its all just personally directed tripe. clearly you have nothing constructive to say about the company which we understand given the fact that you know its a PoS as much as anyone and will be looking to get out with as much of your shirt on as humanly possible at the earliest opportunity.

Touched a nerve ? Not especially. But if it helps you justify your remarks to think so then carry on. Your head is full of false truths anyway, another one won't hurt

A) you have absolutely no inkling what my experience here is. You are just making assumptions. You ought be careful because I can guarantee that at a certain point in time I'll make a fool of you on that. B) please don't dole out investment advice to me especially in the macroeconomic context..,it's patronising and I am sure I know more about it than you give me credit for C) as for relationship with your broker...sounds very cosy, you sound like one of those 'sophisticated investors' that get talked about. Probably explains why you are leading the cheerleading charge. Although having heard you attempt to convince people that a misreported article stating a director buy of 500k was fact when in fact it was a share issue in consideration for asset sale I can't really say there is anything sophisticated about you at all. Again, do yourself the favour and avoid embarrassment of thinking you know my experience here. You don't. All you have to go on is what you are making up in your head.

Of course brokers are happy ..they are lining their pockets flogging rubbish to gullible fools. And you are helping them do it.

You'll be asking him to go on a date with you at this rate. Do you sit in front the screen when he's on and swoon?

It's 'official' tip tv. Not the unofficial one which would imply that it's low quality. This is the high quality, high brow investment media outlet that deals with serious investment propositions. Practically a throwback to L!VE TV....topless darts on ice anyone?

I'm clutching yet you think feeder pits contain almost a million ounces of gold?! LMFAO I understand all of it. There is no question of my not understanding. My estimate is moot because I don't believe a single gram of soil will get stripped this side of doomsday. Even if I pretend it will and I pretend that a quantity of rock will get humped to the toll treatment facility...I'd say you would be getting a miracle to end up with 10koz worth of gold equivalent in a year. I reckon you'd be selling the raw rock for $100 /Oz of gold extracted and the processor will be then selling on the refined material for higher price given they've got all the operational cost. You're expecting millions in revenue. I'd expect you to be generating tens of thousands, a low six figure sum if you're lucky. Dollars. but that's all moot because I don't think a single tonne of rock will make it to the processing plant gate.