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lovelyboy,
I absolutely agree with you how the whole sector has to operate in the semi dark because of the antics in China. I also note the entire sector is running late and so is the delivery of governments on their climate protection agenda. I will hold my 4% position in my portfolio in RBWR. I also appreciate the sector is getting hit from pillar to post. What is important is for George to give us a perspective that he is not being a perfectionist and that work achieved thus far has given a material edge on costs that is far more valuable than the time it has taken to date. Basically he sells the story a bit differently and he does need to update us next month. Getting a notice of a presentation 5 weeks from now would be good enough for me. All the best to you. Tony
@Tony. I was skimming the rns earlier and was reminded of the 1m USD unsecured loan via Pipestone Capital. Not pocket money. Not sure George does lifestyle businesses. :) doesn't strike me as the type.
I agree it is drifting a tad. I'm still confident and comfortable here. Loads in the sector are drifting missing deadlines too. Lots of external factors in recent years. One of them will pop and surprise me one day.
Good luck to you
ATB LB
I recall George saying this September was the time real value with be accorded to RBWR. If he misses next month deadline following a long string of deadlines being missed, then I for one will be questioning if this story is just hot air. George owns so much of the company that it may be a hobby for him and not something to be delivered in our life time. So come on GB we need to have some promised results with no more excuses or dead cats thrown on tables.
Can't be bad... the share price is steady with no revenue (for a year or more...).
What will happen when they start earning some money?
rns direction?
imv, funding, funding at favourable market rates and terms from Euro banks.
I'm pretty sure that rbw has been in the ERMA for quite sometime now, but previously it hasn't been publicised so the question is why now for the announcement? delays on other fronts? The 1-2wk timeline deadline from the 12th Aug inteview is now long gone, perhaps a stocking filler for the long summer recess?
Morning all,
It's a sad situation. Every stakeholder is continuing to loose out from it.
Taxes, revenue, trade, local employment, cash flow, offtake partner, 3rd party contractors, downstream businesses - for what, nearly 18 months now. Personally speaking I'm disappointed that the company has neither updated shareholders with the situation, nor responded to my emails asking for clarity or an official statement. This is supposed to be a world class resource and it appears to have been put in the bottom drawer. If I roll the clock right back, the Gakara project and the TK offtake was THE original reason I invested here. Phal or Zim weren't even a thing back then.
Hopefully Phal will come good in the near term and displace the apparent ongoing deadlock in Burundi . I know some will hold the view that Burundi is a minnow but to me the lack of cash from ongoing operations only serves to make funding Phal more dilutive.
Better comms need in respect to this IMO. What is Ambassador J. Peter Pham up to for example?
Anyway, apologies... rant over. Still positive, just frustrated.
ATB LB
Thanks fulmar, that fits with my own thinking.
The fly in the ointment is , does China have anti-bribery legislation on the books!?
.
A few references,still holding.My take is that it's a Chinese stand off !They want the mine but don't want to pay for it.When Phal gets into early stage production/trial it will be a total irrelevance and Burundi will realize they have just been shooting themselves in the greedy little foot!!
Sorry if I'm going over old ground, I've been out of touch for a while.
Could anybody tell me if there have been any updates on the care and maintenance position at Gakara since the March 17th interims please.
.
I took the use the expression " near term" development as a positive .... thats vague I know but its not medium or long term :)
I still hold the belief the with the novel processing approach and access to the old gypsum stacks and infrastructure at the former mine site that RBW are well set to become a low cost producer in the future ...hopefully the " near term" future.
A strange one ! It will be pointing/hinting/informing of a direction but I'm damned if I know what !