FFX (ASX) Ann: Request for Continuation of Voluntary Suspension

Originally posted by Gwaihir: ↑

Karl, I appreciate your optimism, but really mate, how long have you been operating in the small cap gold resource investing space? I've been at it 30 years, and also worked in the space. You're dreaming if you think the Morila gold mine would sell quickly for $200 million - really brother .... please come back to earth. It was purchased for $27 million. Your post should actually be moderated, for deception, or simply for just plain ignorance.

Your fundamental error, is realising the cost of maintenance on a 4.5mtpa gold plant. The oversize of the plant for the remaining resource is out-of-balance, and hugely out costed (costly to maintain), in relation to the gold that can "currently" be produced. And therein, you have the big problem. If you can't realize this, then you have no real-world objective experience in the world of small cap gold mining resource development and production.

Morila currently has no JORC 2012 reported "proven (close-spaced) measured" resource, and without this, it is worth nothing in the vicinity your estimate. C'mon mate, be objective, be real, and learn. You are not doing any good here, by misleading any young naive investors who may be new to the stock market. You have to not just think of yourself mate, but of helping others, while at the same time, hopefully quitting the attempted false hype.

I don't care, quite frankly, whatever happens here, I'm free carried, and I've been in BGS/MLL/FFX for 13 years. What I care about now is helping young people to not be duped by any ignorant hype that appears on these threads.

The one thing that amazes me about Hot Copper, is the vitriol and denunciation that honest people and posters get, because there are so many other groups of manipulators here that dupe and steal and defraud innocent and good people. The biggest question on any of these threads for a new person, should be "who can you trust?".

Let me repeat that,
"Who can you trust?"

In reality, if there was any government fairness, everyone on this platform would have to post only under their full name, with their profile fully disclosed, and all of it verified. But the government can't really dictate that while they allow nominee accounts with brokers, because that would simply be duplicitous.

What we need here now, are honest people, good people, otherwise the thread is useless.

Gw

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gwaiher, you are a long term poster but I throw it straight back at you, Who can you trust?

You have stated frequently of your vast experience yet have offered very little technical knowledge on the project / company to date … that includes all your years of posting.

I remember your emotion outburst over a fairly trival matter that you later apologized for. I remember your loyalty and love for Kevin Joyce who was proven to be unqualified and was completely out of his depth beyond the employment as a geo.

I’ve used snuck capital, historic reports, project comparisons, short to mid term future production as well as npv for to come up with what I believe a fairly slap stick under evaluation number… you tell me you have 30 years experience and offer, yet again, nothing beneficial that would justify your 30 years of experience…

i don’t quite understand what you are talking about in relation to the 4.5mt plant. Firstly, we currently are not attempting to run the plant at max capacity currently only seeing 3.5mt… a number that currently is unprofitable due to poor grade by estimate Q1>.5gt. Are you saying this plant is too large to run on Morila grade ? Because that’s incorrect. in fact, once Morila ore is efficiently presented to the plant and grade increased, Morila will have no issues successfully producing profitable ore… same story if they manage you incorporate the sag mill for the full 4.5mt.

you don’t care about your investment here because you free carry… awesome, thanks for the update, I still do care and spend a lot of time researching relevant information. What you say you do care about is helping young people not being duped by ignorant hype…. Yeah look mate, how about you actually provide any sort of useful information with a technical backing. I have a fairly good memory of how posters post, I do not remember any particular post of yours that provided any particular standout insight… why keep those 30 years of apparent experience to yourself? Please, give us something! Anything!

I’m stating false hype? I flip that on you and say you are just one of many on here whingers here with a strong opinion however no true substance to justify their post. People don’t have to be optimistic or believe in the project/ company but Atleast show your base for your reasoning. That we all learn. I don’t agree with everything ozblue says however Atleast he explains himself… your telling me to “learn” while speaking down to me from your iron throne of 30 years experience like it’s some trump card, mate, it’s pathetic.