250.48m shares @ 10p = £25,048,000 / 5.5m oz = £4.55 an oz .
Valuing our gold in the ground @ £4.55 or $7 an oz!!!!!!!!!
However, I think they'll up that resource total . Manx - we could do with the Chinese, they would take this over or a JV and then the sp will rocket. You're right they might have dictated why bother with limited small-scale production when we're going mega soon. I'm surprised someone doesn't simply buy all the shares now, only 14.57% not in public hands.
I hope it's just temporary. Ultimately I think we're gearing up for an asset sale which I've always believed was the exit strategy. The small scale production was an aside IMO but having some positive cashflow would have been nice and supportive of the share price. What I'm hoping is that the DFS has come about because the Chinese have had a quiet word and that the rumblings in the background are positive.
IMO - have we suddenly lost our gold. This is now priced about 50% below when we cancelled the project, or put it on hold when the government situation looked well dodgy.
Believe in the experience of the Chaarat team, they probably know what they are doing. Form is temporary, class is permanent, and this discovery is top-class.
Perfect time to be averaging down/coming on board IMO. Tom Bulford - no thanks.
This also reeks of either 1 or 2 major stressed holders dumping or, more likely IMO, massive shorting. Just got some more @10.34p. My average now is 22p which is obviously 50% down or so but it's way less than the director's averages and we'll be back up there someday and way beyond.
As said by a few others unbelievable another share dumped at >70% loss and they charge for this service. Nothing is guaranteed and there is risk but RHPS seem to be making bad predictions one after another. This one really totally p---es me off with all the hype over the last 18 months complete with colour brochures, a sure fire winner, why does it need to get down this low before he says pull the pin. This is the last straw where do I cancel the subscription.
Yet another share dumped by Red Hot Penny Share for a 70% loss.They seem to be dumping one a week at a 70%+ loss.Next could be STGR and WAS as they only recommended them in Feb and they are already down 70%.Recommedations don't come much worse than that.If they intend dumping every share in their portfolio that is making a loss,they won't have a lot left.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.