Member Info for yayay

It's amazing that we are still having the exactly the same conversation re KNAC that we were 12 months ago. Expecting that it was all going to be done and dusted early in the New Year.

I remember this time last year we were taking account of KNAC's Christmas holidays when we were wondering how things were going. If their arrangements follow last year's pattern we'd expect them to be closed from Thursday 21 December - three weeks yesterday - until Monday 8 January 2024.

Actually, cj, I'm a bit surprised at the sequence of the meetings. You would perhaps have expected the AGM to take place after the other one, not before.

Ah, but the AGM was not the meeting in which we have an interest. The AGM was on Tuesday. It was the Common Law Holder Meeting on Wednesday in which agreement with IOCA was to be decided, Yes or No.

Cynically, I might also add that the reason "the majority of Americans are convinced the US is in economic decline" could owe much to media which are only too strenuously paving the way for the return of He Who Will Make America Great Again.

It's good to see that there are several comments from people with their feet on the ground about the inevitable protocols and procedures to be followed, and the realistic timeframe for pursuing these. A complete contrast to the picture painted earlier in the week that someone at the KNAC meeting would be given the nod to "slip out and tell the UFO lot that they'll all be millionaires in about an hour or so".

I would go further, Monochrome. I can imagine that the formalities of recording the minutes of a meeting, getting those draft minutes approved by the chair, and then translating the decisions made into a legal framework and conveying this to IOCA/UFO could take several days. Unfortunately, we live in the social media age, in which people need to have everything NOW.

Amid all this frenzy about time zones Enuff and monochrome are echoing exactly what I said a week ago, when I pointed out that KNAC, not being a listed company, is not itself an RNS-issuing body. UFO is. But would you really expect UFO to issue an RNS on the basis that "some bloke phoned up and said they'd agreed"?

Thanks for the explanation, Max. I thought someone must be pretty damn desperate to pay the gas bill to be selling now of all days.

And the very first trade of the week is someone selling 1.6m. Odd.

I'm not certain that we'll see fireworks on the 30th, FG. It may take a few days after that. After all, the meeting on the 29th is a KNAC affair, and KNAC of course is not itself an RNS-issuing body. I imagine it would require the outcome of the meeting to be formally notified to IOCA by KNAC by some means (Directly? Via the WA Government?) before UFO can issue an RNS. Of course, the outcome of the meeting might emerge informally, which could cause early fireworks, but I'm just putting down a marker of caution, so that folk don't get impatient next week.

Yes, HH, as I've said on here a couple of times in the past, I've been hopeful that things have proceeded along the lines of the 'critical path' that they used to teach in my early days at work (roughly around the birth of the Industrial Revolution). But you never know. If things happen sequentially rather than coincidentally, then the goal could still be some way off, as you suggest.

Seems we're all singing off the same hymn sheet, pete. So much for being a mere small investor, you sometimes have to be almost a barrister to dissect the meanings within the legalistic framework.

As I understand things, pete, it's not the actual mining license that will be granted next week, but KNAC's consent to this happening. The license will come from the WA Government, possibly very quickly afterwards. This whole process has taken quite a bit of fathoming all along.

"Little tinkers", wents? You are far too generous in spirit. They are only just this side of Ronnie and Reggie :)

Best wishes Barrett. Been there, had it happen. In my early days on AIM I lost hand over fist trying to grow investments or recoup losses. My timing was abysmal on almost every occasion. It's why I've been holding tight on here, not exactly through thick and thin, more like thin and thin up to now, LOL.

Https://www.abc.net.au/news/2023-11-14/iron-ore-miners-split-on-future-demand-for-commodity/103073944

We ought to all be world-class at that, Bfdinvestor. We've been playing the waiting game longer than Andy Murray has been playing tennis. :)

Amongst other "victims" of this fiasco, it's the National Park and many of the locals I feel sorry for. They held firm against the expected kneejerk opposition of various members of the "eco lobby", and after a very, very protracted process, which must have cost them huge man-hours of work and deliberation, gave the green light to a project which they, like we, were given every surety of success for shareholders, workers and the local economy alike.

Mr Rocket, the canal folk will survive, albeit with less expectations of untold riches. There are some firm foundations to the local economy, and the folk have not let the disappointment of the Tyndrum extension quash their spirit of enterprise. The Shy Lockkeeper's daughter is churning out a successful new line in samplers, 'Put Not Thy Faith In Gold', Mr Patel has put in a bid for a number of former Wilko stores, the Rev Grimm has taken a 'Team Ministry', embracing Northumberland, Suffolk and Cornwall in addition to South Worcestershire, and Sir Jasper will be turning the grounds of the Hall into a theme park. Our two favourite characters, though, are showing the most imagination and grit of all in the face of adversity, when they will be appearing on a Saturday night talent show with their own unique act, harmonium playing on horseback.