Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Back on track now. All we need is a couple of big ones and improved output to tide us over to the Argyle closure or hopefully improve our position considerably before then! Here's hoping!
As above
RNS... Geezo ... I wouldn't mind shares in the Genny Rental company ...."Additional costs associated with operating the rented diesel generators during this period were approximately US$1.1 million" :o
I have searched for weeks for the closing date on the Internet without success. However I have now found it! - Argyle Mine closes the 31st October 2020 - confirmed.
Great week.
Excuse me, did someone say something.
That's what i was thinking. Should know next week.
Distinct lack of news!
Quiet board but some positive buying recently.
The manager has been made Ceo and it's quite evident the guy knows what he is doing as reflected in diamond finds and sales. For this reason i remain confident as matters stand.
No idea really, but very strange transactions going on. No SP Change on the 0.45 trades, so my thinking is 'options' being bought.??
However, the mine has been working (on genny power) and the September/October diamond sale (including the 54 fancy carot) has been delayed. But as mentioned previously 'FDI is probably the best 'high risk' (multi-bagger or bust) small cap Diamond Mining operation on the market, but saying that the 'Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho'....Not many governments will liquidate a company with a 25% interest stake...
I'm in, and my ar5e is tweeking.. But TBH, Botswana (BOD) are going great, just unfortunate that we had a power outage.
Full power will be restored soon... So do I 'top-up'???....
Price monitoring extension. Any reason why ? Hopefully our electric will be back on soon.
Can anyone shed some light on the significant amount of 0.45 'unknown' trades since the 7th Nov?
I've also noticed that these trades don't seem to have an effect on the SP. Could it be 'Warrents' being issued or something else??
Apparently the supply was not constant and tripped the motors .guess it would damage motors etc. Hence gennys. does state this in RNS.
Lesotho apparently has been receiving imported power from South Africa . The work on Hydro plant was planned for maintenance and ends November 30th.
My problem is Firestone should have made provisions before hand.
According to the Lesotho Times all consumers should have not been affected as power was being imported. My cynical mind is thinking. I hope Firestone haven't been cut off for other reasons.
I want to have a punt on this but will wait to after November 30th when and if power is restored to Firestone.
Gla
Trouble is that it all looked so good at the start! I guess the initial estimates of deposits were vastly overstated to put it mildly and I hope that whoever was responsible is no longer around. It was even claimed by observers at one stage that it could be the 3rd richest pipe in Africa!!! What a load of b@locks that turned out to be. We don't know what the total loss to investors is but it must be considerable. Usual AIM stuff!
Arising from the ashes like a ‘intense fancy yellow’ phoenix thingy …lol
What now ? Death spiral or miraculous recovery?
Unfortunately, with the recent RNS stating "
" However further deterioration in the financial or trading position is possible and may have material implications for the solvency of the Company"
Many "Pi's" and `day-traders' were understandable unhappy. However with approximately ONLY 565m shares in issue, its understandable that the SP will wildly fluctuate. IMO FDI is probably the best 'high risk' (multi-bagger or bust) small cap Diamond Mining operation on the market, but saying that the 'Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho'....Not many governments will liquidate a company with a 25% interest stake... However, luckily they are not based in Scotland #SNP... LOL...
Very much the same. Onwards and upwards.
Bought in today. Exciting prospect for me.
It’s was well over 1p before the power issues. Should be heading back up there
Sorry just read GM and voting rns notes
Seems circa 25mil gbp debt in convertible bonds in 2022 and 2023.
That being said....this company building a fair cash pile that they could either use for acquisitions or pay down the debt.
Seems 4mil gbp market cap is fair nav here in short term...but so should recover above 1p early next year
Mmm...don't get this. Currently a 4mil gbp market cap with over 17mil gbp in cash and very profitable even with diesel generator going for production.
What am I missing? Any debt here perhaps?
Easy 100% up from here in my view
I toped up the end of last week .but should be a fairly safe buy from where we are now.