Drilling stepped up with new rig and some very healthy drill results 24 gt is not to be sniffed at.
Is it just me that thinks they should start to realise some of these assets by mining the gold and getting a revenue stream going?
TP - why do you think 100% ownership of CASA is new? I thought they had already said that was expected? For me the fact that VC is off the Board is new. It was announced that he was COO but I didn't spot he had left the Board. I have said before Kryso only flew after he left . I have never been a fan. Also no more mention of the processing plant at Zamsort only more exploration? Also talks still on-going regarding Kremnica but no signs of progress. Again I have said before that a good deal releasing cash here is the key to forward movement on CASA. Still looks better than a year ago though!
I get the impression that the sp is still being held back and wonder if the current unstable political situation in DRC is making people nervous.
Otherwise progress on the acquisition of Casa is going well.
Does anyone know what PREMs position is? They have a stake in Casa but are they going to sell ?
Agree partner for Krem with deep pockets would be most welcome.
There seems to be a bit of strength to the share price at the moment and hopefully it will keep moving up but the news I want to hear is the sale of a majority interest in Kremnica to a company capable of taking it forward. That will raise the cash to proceed with Casa and provide a potential income. For me that will be the game changer.
Be interesting also to get some news about Zamsort as that was identified as the other priority.
News today that OTC are now holding 70% of Casa. Plans to offer same terms to remaining 30% minority holders, open for 6 months.
100000000 new shares issued (100m)
I guess that they now need to get digging so the revenue flow can start. :-)))
Good to see you in good spirits Fatzone, despite the current sp. perhaps OTC could become CAZAM !!
This would give a feeling that something big is happening imminently, or in fact, has happened.
Happy to see others......??
sorry for your "paper"losses,but it believe it will come back .NVS is structured and organised and we will see his efforts having effect soon.
Perhaps Fulmar Resources as a new name ,just for my optimism.lol
Any suggestions, apparently we are going to be renamed in the next few months.
Keep it clean I bet we have all got some suggestions after what we have been through in the last few years.
Personally I am glad to see a new board & at least Nick has a business acumen & already is communicating & pushing things forward,more news to come by the end of the month so exciting times at last,Perhapes I can start to make up the £262k I am down as my average is 13.8p I have a long way to go.
My suggestion Fatszones , sorry its a work in progress.
I think the keys news to move this will be the disposal of a majority interest in Kremnica to some one who is going to move that on immediately. That will generate the cash to advance CASA and if a minority stake is retained will generate revenue. We also need to hear what is going on at Zamsort. The processing plant was supposed to be up and running quite some time ago and again that would generate revenue. Alright investing more in CASA but it is jam tomorrow not bread and butter today. Still rate this a buy though pending more news.
Without any opportunity for shareholders to take part.
Still on the + side the directors have put their hands In their pockets.
And whats going on with Anthony Balme ? Steps down as a director but stumps up for even more shares.
Here is my take on it for what it is worth. Most of us thought this was a good possibility based only on Kremnica if the mining licence held up and the objections were overcome. Since then other things have been added but it seems a bit like standing in a sweet shop going ok then just one more. No real drive towards a clear objective. It was the same when VC was at Kryso and it only took off after he left. Mr Balme is clearly committed but he has allowed VC to drift things on. Well the new boys have come in and decided to focus on specific projects. Casa, OK I get that, shed loads already invested and plenty of prospects. Zamsort, well a bit surprised but maybe that is nearest to generating revenue. Disposal of Andiamo and Kremnica. Surprised by the latter but maybe a deal can be done that recovers what has been invested plus a bit that can fund getting Casa off the ground. Eitehr way prefer a bit of focus to more VC drift.
Hi Black Prince & Waldy,
I am still here & yes jet setting as you say 8 flights in the last month, currently in Thailand again having just returned from China having visited the Longman Grottoes , Google it its worth a look, off to Taiwan next month , all business of course.
On the OTC front I am sorry to read all those that feel they have lost money but it pales into insignificance compared with my 300k + that I am down, yet I still keep adding , my holding now stands at 2.4m & what can I do but hold & wait & occasionally add, no point in selling at any point now. I still believe we have a good investment here for those who are patient, but my patience is wearing a bit thin.
Same here waldy. It's very annoying but then again it could be worse, think of poor fatszone with his 2.2million shares gradually becoming worthless as the board jump about like a cat on a hot tin roof.
Could kick myself. Was £10k up when the share price almost hit 3p. waited as news was due only to find they had issue wrong data on the JORC and it has gone down from there. Tried to average down but now down £25k in total.
No news on Kremnica were they started drilling again. they just jump around making one bad decision after another
6.5yrs for me though my own fault as I blindly followed a user in to this and never done my own research. Lesson learned with that and EDL at the time.
Agree no point in selling for most, as it is not worth it. Bottom drawer, hope and pray. However, in 2018/2019 I am going to sell no matter what, even if it is to reduce a CGT on a couple of other gains. Just not seeing it on my portfolio may bring some calm.
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