"".....Now, the Financial Times can reveal that Roble is one of a clutch of shell companies based in the Cayman Islands created by Tiger Global, one of the world’s largest but lowest profile hedge funds. Tiger Global used a series of these structures to bet against at least a dozen European companies, including Quindell......"" www.ft.com/cms/s/0/39a324bc-70aa-11e4-9129-00144feabdc0.html#slide0 If the link doesn't work just Google Roble SL FT. Seems the conspiracy theories are correct.... Whether Bow suffered from them or not they are jolly bad eggs and deserve a good thrashing..
with the recent announcement that a placing of 250 million shares ( approx 6,6% of XTR ) is to take place on 10th December 2014 at 0.13p it strikes me as either a strikingly good move on behalf of Jan Nelson or one that'll haunt him for a fair while . Since his only reward for renewing the sorting plant , sourcing new equipment for opening new reefs is his 50 million share options at 0.14p . He takes no salary as all long term investors already know .
Now the recent RNS does say " subscription of equity by certain investors " ........ hum ...... might be reading to much into this but wouldn't it be prudent for Jan Nelson to buy into this fund raising . I think so , hence it would explain why not all the capital was acquired through a Yorkville draw down which XTR have paid for the privilege of . It just strikes me as odd that these share have become available to certain investors and a good way for Jan Nelson to increase his share ownership of the the company . Wonder what will happen to the SP if my thoughts are right since the SP has been walked down with daily greater volumes of buys than sells .
3.3 ........ explains 55% recovery of concentrate was achieved by using old Denver Sub A machines, which are generally used on old coal plants .
One of the first thing Jan Nelson did was to replace the old filtration system as stated in the Half Yearly report ..... April 2014 - Installation of new flotation float cells in plant and change of plant set-up leading to improved recoveries from 55% to 85% ......... which was obviously costly but necessary
Concentrates are now recovered at 85% of throughput ore using correct procedure's , chemical washes , no blockages caused by improper filtration systems etc ...... reduced man power .
So since Jan Nelson took control of Chepica , 24 February 2014 , a lot of money has been spent on processing plant including most recently a new ball mill operational since the first week in October but the good news is taken from the most recent RNS notification , the mine will be cash-flow positive from the start of 2015.. With all the new equipment in the processing plant Jan Nelson has achieved what Polar Star required of him with very little draw down of the Yorkville facility . Hence we should be very happy with his progress alas a lot more work has been done and a lot more money spent on drill equipment , drilling into new reefs etc ..... costs offset by revenue . That is the key ... " revenue " which most companies don't have . Looking good ........ :-)
I'm happy with the knowledge gold grades have more than doubled recently and recoveries are way higher than the 55% Jan Nelson originally had to work with . What makes me smile most is the fact XTR will be cash-flow positive from the start of 2015 . Now how many other AIM , LSE companies can say that ..... :-) just hope I can buy as many of these as possible before the MM's take the SP , North ....... P.S. .... personally doubt we'll be able to buy at the placement price since such a small percentage of the company was diluted . With GOS supposedly due for a stock market float in the New Year I hope Jan Nelson doesn't sell our remaining holding but if it's for a second ball mill then yes ..... flog them , cost savings are huge in processing costs . He knows that and our two original mills could then be sold off ..... the options are endless but every single one of them is a step in the right direction ..... :-) P.P.S ...... recommended your 11:21 post ......... hum , I like that .
hi Affe .......... if all the proceedures you quote were undertaken we'd be getting far more than $200 / ton of concentrate . Our mill is capable of 85% recoveries of concentrate as stated in the half yearly , throughput . Our concentrate is then shipped off to the refinery for all the processes you've quoted needing a minim of two tailing dams to perform said proceedure .
We do know the new mills are working, we do know that they are at 6500 moving up to 8500 tons per month. AND.. we do know that whatever the factors are - the benefication/Flotation process is outputting better grade concentrate for which they will ( I assume) get better prices due to there being more gold present, plus it costs less to ship and process.
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