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Was just thinking the same thing... How long will it take the Bridgen to update June's production and cashflow details? Should be pretty quick if it's all good news, I am expecting it to be vague and then I remember how everything here is always late and never quite as forecast.
Via the RNS-s there's a tab top of the page, and via the usual periodic reporting. There's a recent webcast if you haven't seen it yet. https://youtu.be/Ku7HOJ7xps8 that mentions possible monthly updates.
How & when do they report to the public how profitable the refining operation is.
Risq - The expectation was finance would be partly funded through cash flows generated from the pilot plant. This was stated numerous times in various RNS’s last year and prior to 2022.
However they are now not expecting any significant cash flow from this plant in time for the financing that will hopefully be signed off in Q1 next year. The CFO states in the investor meet meeting that finance for the phase 2 build will be funded through debt (banking finance) and equity dilution. A change to the expectation that cash flow from the pilot plant will be used.
The build cost was said to be low as infrastructure was already there and the fact that its low intensity production. It was at around 100 million so the current cash low projected at $10 million is a decent starting point for debt finance. They will have off take agreements of other materials with govenrment as mentioned in webinar. Also vision blue have tiered options so i think it is quite good in temr of overalll economics. Yes the current operations have been dragged and been poor but it was said that everything is in place now and production report will be given quarterly.
I think the invesmnet case here at 10p carries a lot of upside.
I expect vision blue will fund a portion of developments at 9p but think that the company will find it hard to bond/finance any substantial amount on a likely 5M$ annual cashflow. Mick Davies doesn't run the company, Bridgen does and have lost confidence in the man and the others from their overstatements and poor performance....
No point in selling out here, I think, but will review once the feasability study is out and guage things from there.
Still remaining confident here - the potential hasn't changed - I am a Sir Mick fan and I cant see him involved in a small win operation
Remains to be seen, we don't even know if the supply situation has changed yet. Also, we don't even know how the management are going to be funding phase 1, how much it's going to cost and what processing equipment is being constructed and just how delayed everything is going to be. We're below 10p because management is lacking credibility after overstating profitability and missing targets. Becoming apparent yet?
Below 10p and LTH, you're on to a winner here.
Frustrating but Far will be in an upward trajectory soon when the quarterly sales update start coming in leading to feasibility update. From there on we have vision Blue to make investment class at varying prices all of which, hopefully, gives a base to the price.
Good luck all.
Headder, maybe aye, maybe naw.
Given up trying to call the bottom. Experience tells me i should be happy to buy as close as possible.
I've done that and more than happy with my buy.
Just the usual lower highs & lows; Wouldn't get excited or anything, looks like we're going to be in the 8's before rebounding.
Back in buy zone so took a new position just before close. Looks like a good entry point to me. Below recent CEO buy. Lots of upside potential from here. So very happy to add at this price.
Can only guess the line in Kazakhstan was probably going a long way through a telephone cable. Presentations from investor meet usually find their way onto YouTube after about a week. The 'do you pay russians in bitcoin' question made me laugh.
Would you happen to know if there is a recording to be made available? Was that mentioned? Thanks
Very informative investor presentation, but with all the modern technology why wasn’t the question and answers held on a clear line.
Shameful
4 Securities in Issue & Significant Shareholders
On 23 September 2022 the number of fully paid shares in issue was 449,702,150. The percentage of the Company’s shares held in public hands, excluding those held by directors and by shareholders with more than 5%, is 55.7%.
On 23 September 2022 the company was aware of the following significant interests:
Name
Number of ordinary shares
Percentage of voting rights
Andrey Kuznetsov
68,517,333
15.2
Nicholas Bridgen
53,072,133
11.8
Vision Blue Resources
77,551,695
17.3
So I assume it is from someone not notifiable %
@driver; if you read the RNs it say the transaction was off book. That means NB bought his shares from an existing holder I think. Will have to wait for an updated share register on Morningstar to see who.
Lots of buys today. CEO call on the 10th of May (investor Presentation). Peeps loading up before the call. GLA
Worked trade I would have thought over days even weeks.
One peep bought 17400 and now sold for a loss. The mind boggles. Good luck to him
Any idea who he bought them off? It says an off market purchase, so presumably someone else wanted out for whatever reason?
Year High 5 May 2022 last year at 24.50. When peeps research this will fly. Dyor
Not many shares where the director has bought big. Follow the money. No director would buy 6.4Million shares out of their own pocket.
I got too much excited 18 months ago and went big at 28p so lesson learnt (about accumulating) but I’m holing with a 5 year and 10 year outlook!