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Mowana has got over 1m tonnes of copper resource (reserve/measured,indicated put together)....thats worth many multiples of current debts/mcap to be honest..Just need finance/plant sorted.
Yeah. This is definately just the start. Tricky but will be overcome. Might not get too bad a finance package because of the vast amount of Director holdings
Roy Pitchford was not appointed by accident
This will all be okay
Well I’ve got a good chunk back on oex. So happier than last Thursday. Still think with the directors large amount of skin in the game.This will be just grand.GLA
Agreed, I think funding will happen and if Kevin delivers on operations then this share could go a long way in 2019..this pause could very well prove to be a blessing in disguise in the end...I think this forced reset button will help to have a proper hard look at funding/operations now to put things on more stable footings going forward....Good luck.
Seen it many times before where undervalued shares come out of suspension and boom!
Really does feel like boom or bust.
Fingers crossed.
Comes out of suspension before Christmas 2018 that be nice. Copper demand is high should not be a problem sorting out funding. If funding is sorted CRA could be one of the best performing shares for 2019.
Remember Kevin owns 115.5 million shares in his company. That is some holding.
Good find Baiki.
"We thought it would only be fair to suspend operations while we try and explore other ways of securing the funding. Our hope is that the situation will be resolved soon and we can be able to restart operations," Mowana's general manager, Dominic Doherty, said.
Certainly looks, as others have being saying, that there is a definite chance that things could yet work out well.
http://www.mining.com/web/botswanas-mowana-copper-mine-suspends-operations-working-capital/
With Xmas fast approaching and prior to suspension people were saying it’s going to go boom, 10p here I come, production increase needed and now it’s suspended- will it come back to trading is anyone guess but looking like a bleak Xmas for all invested. I hope you all get your money back. Bye for now. Good luck guys
Thank you to everyone for their encouraging words.
My thought is this - if they bring it out of suspension they have to have some positive news too, otherwise, everyone will rush out through the door. I suffered with AST (albeit not their fault) and I hope this does not go the same way. Unlike AST the CEO and Board members are heavily invested and that might make the difference.
Fingers crossed
Roy will get us some cash for sure
He always gets it
Let’s hope that it’s one of his better deals though
But he will get it .....Relax
On AIM there's no such thing as a permanent suspension. It's either suspension (which is always temporary) or it's a delisting.
By my reckoning about 50% of CRA shares are in safe hands. 50% not so.
My only concern here is IF in their speed to secure funding they didn't complete due diligence on what they signed up for with any of the lenders. And in the small print there's the ability for a lender by way of guarantees/security to take ownership in the event of even a minor default by the Company.
Unfortunately I've seen it happen with another mining Company - CMR.
Pray that ain't the case here.
Not many PIs hold shares here. There would have been more of a outcry,after TEMPORARY suspension.
Okay icepick....... stand corrected....should have said trading again as opposed to relisted........... fully appreciate there's a difference between delisted & suspended.
The question is. How long will we be suspended for ?
madsktpan
we haven't been delisted, only suspended.
GLA
Yeah right.
Just 'cause you say it - doesn''t mean it's true.
Don't know why you post on here anyway given that you don't hold a position. Especially given the content of your posts which only echo "I told you so".
Please come back when this stock is relisted & giving a good return to genuine holders....... and genuine folks.
madsktpan
Just to set the record straight to answer your unfounded allegations.
I do not post under different pseudonyms.
I have no idea who on earth CW10 is or was.
All of my posts have been under d_l_r
Check your facts in future before making baseless allegations.
Neither do I troll.
I do not have a crystal ball, and as a heavily diluted shareholder
in ALO I had no interest in the gradual decimation of the share price.
My well argued and reasoned posts have been accurate throughout this year.
This will be my last post you will be glad to hear.
Serious traders do not need echo chambers where contributors hear only hear what they want to hear,
and simply dish out abuse to those who tell them what they do not want to hear.
Agree, They will come back with proper funding, debt restructuring and more importantly with more stable plant/operations with access to better grade ores. Just need all parties to come together and find a way forward and make Mowana a success - they are close i think.
Also CRA does have other projects which imo justifies current mcap however Mowana is a core project for short/medium terms. Fingers crossed for positive outcome soon.
They have an incredible amount of shares for a AIM company. Should be just fine
Millions of tons of ore stripped and ready for processing, copper prices high in one of the few stable African countries with another 30km more strike to go at. I'm baffled why these guys are struggling to raise a measily 4 million dollars.
Work out just fine
The board has too many shares ..... too much skin in the game . Relax
Not surprised, follow my posts.