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More gold in them there hills :-))
Oh believe me if my investment is likely to reach �2m then i'm holding!
westie50 of course if you don't sell them when prices reach 6p. people are tempted many times before these figures are reached.
So basically in time then my �15,000 investment here is likely to be worth just over �2m if your predictions are right?
as I said there are three stages and three time frames short term: 9-15 p is a build up on expectation given the size of gold reserves that may be discoverer in DRC middle term: 60p is built on the expectation on the sale of gold reserves in DRC + some solution to Slovakian mine long term: 300p full exploitation of DRC gold reserves plus may be Slovakian reserves. taking the lowest estimates of both DRC mine and Slovakian mine we have 2,000,000 once + 900,000 once = 2,900,000 once, divide by 10 year exploitation. that is 290,000 once a year by $1000 'long term gold price' = $290,000,000 a year deduct all costs and the apply a reasonable cut off this is ~ $30,000,000 a year net profit after tax given that the price of shares is roughly 10 times the dividend then the company could be worth $300,000,000. this is very conservative figure given that the cut of may be much higher in DRC mine and the reserve could be much larger.
I don't post on here very often (due to the cr*p that's spouted by certain posters) but have been holding for a while and building a bigger position as funds allow but honestly that post from 1428 by ARahim is total fantasy land. �3 from here? That's approximately a 135 bagger!! You really need to explain how you arrive at the figures you have quoted. Comments like that are bordering on criminal. Please substantiate how you arrive at your figures.
for days now oct shows 5...% decline every day although the price is the same for all these days. today the volume is high which is a big sign of turning point but mm show the ask price 0f 2p in a bid to drop the prices further. good new is imminent and price sharp rise is expected now. good news could easily shift the price to the range 9-15, an offer for the gold mine could lift the price to 60p, long term production plan could lift the price to 300p. there is future here.
Very likely imo. Very confident about the new management team and having finally a clear and achievable strategy.
Will finish blue today???....me thinks anyway.
https://www.youtube.com/watch?v=E_J7SzZonxk https://www.youtube.com/watch?v=MTCgfVSo6jA Interesting stuff
Agree, got it in the first post anyway...
Or,unlikely???....
Calm before the storm, 2.314 p is the buy price and now is the time (imo) to add. Prospects for gold in 2018 and beyond look good (China, Russia,making interesting moves); Casa could be a monster with fresh drilling results due imminently; OTC (soon to be re-branded) has cash in bank (to top up Zamsort holding?); and prospect of income from Sturec sale/JV as well as Andiamo stake sale. If NvS does wrestle complete control of Casa there will be another 100m shares in issue, but still MCap would still be less that �10m at today's bargain basement price. Beggars belief...with his professional pride at stake, plus a big chunk of shares / options I think it's fair to say our Exec Chairman's mind is concentrated. This could be the week things materially change...hopefully for the better! GLA
And then takes it away. Odd
whys it showing up 15%?
Feeks, as you don't like this share why are you busy de-ramping here? are you trying to lower the price so you can buy more? otherwise I can't see any reason why you are wasting your time here. The Slovakian mine is operating according to a small scale permit without using the prohibited chemicals. this is an alternative process mainly using physical procedures to separate the gold form rocks. it is not the large scale process ORTAC hoped for. as the man said there is a struggle between people wanting jobs there and the NGO.s trying to protect nature. thinks will come to a solution as there is the will from both parties to profit from the resources. the current process is small scale process this is what all the negotiations are about. it is not written off. I guess this small process is kept as a way to extend the contract for ever to prevent any re-nationalization of the mine. some people there still has problems with the market economy I guess. ortac spent �13m there to develop the resources and they have to intention to just walk away under pressure of eastern European mafia.
That is not convincing and it goes against what he said in the interview. All hopes rest on one project
Focus is on Africa now, and looking for joint ventures / other possibilities for Slovakia. With renewed interest in precious metals and money in the bank, the gas (newsflow) would accelerate on all four cylinders....this is calm before storm.....
Feeksie old chap, as much as I enjoy your counter arguments, he hasn't written it off..... Look what I did a while back ...I wrote to Mr Carellas.. I asked - So, following the announcement today regarding Anthony Balme, what happens to the Slovakian asset? Is this dead in the water? Also, What happens to the CEO role? Reply - Nick von Schirnding and I are going out next week to Slovakia, to continue where Anthony left off � so no, it�s not dead in the water. Nick von Schirnding has stepped up to an Executive Chairman role and will be taking over some of the functions corporate I performed as CEO. It did not seem right that a company of our size having both an Executive Chairman and CEO. This change will give me the freedom to focus on operations, which to some extent will include Slovakia.
You curiously seem to have forgotten that VC has written off Slovakia. He said so in his last video.
Current market cap atleast 5x-10x undervalued. The net assets is far more valuable than the current market cap. Less than 2% of mining company ever go from exploration to producing stage, and here we are sitting with two JORC grade projects that individually hold more than 1 million+ gold ounce. (DRC, Slovakia) Undervalued by epic proportion.
Accumulate while you can. Interesting time ahead. So much news to come from multiple projects - DRC, Zambia, Slovakia and Eriteria. - Slovakia - JORC asset of 900k+ au oz - DRC - Jorc Asset of potential 2+ million au oz - Eriteria - low cost surface operation near yacob dewar. Massive license area permit. Gov supportive of mining industry. - Zambia - large Copper - Cobalt resource with a trial mining production plant, close to existing billion dollar mines. Reasonable market cap should be at least 60m - 120m based on above. DYOR Chaotic_Calmness
To be made out there folks instead of falling out in here all the time . . . . Multicultural society my arse, we can't even get on with like minded people let alone folk from completely differing cultures. ... . That's the problem isn't it, we've been divided so very few have chance of success, mostly finding it easier to drag others down rather than just picking themselves up. . . . I'll stay away like many more until the mood changes and the toxic have moved on. GLA F
Oh please stop whinging. You're like a spoilt child. Whinge whinge, moan, moan Tedious
Ffs release the RNS already!