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Thanks for the feedback. I really wanted to go along but prior family commitments got in the way. I really believe in this guy, I really believe he is 100% genuine and has now set us on a path to success. Now he is in control of things happening rather than waiting for others to decide our fate, I think the turn around will be quick in coming. Truly hope he rewards the long term faithful GLA
I was in the red lion pub (near big ben) with the guys after the golden bears in a relaxed place. We talked and it would be rude and not correct to reveal our conversation. But the thing l would say is the guy is working hard, I know because saw his phone images. As a offshore guy who travels a lot l know how hard it is away from family. I will write something up o my site lse share talk dot com .. Im talking to Dave to see if he will share some of the stuff peeps should see.. I told him this is what investors want to see, he's a good guy, lets see!
Hufc - are you sure this isn't just a plug for your website? As you are a member of the public like the rest of us, I'd suggest any info told to you by DR in a pub is fair game for us one and all, surely?
He is straight up as I introduced DR to him on sat and left them to it early eve,i introduced DR to many on Sat so that the PR machine goes from 0-60 very quickly when needed .. slipped another 600k in back pocket @39.75 today .. I posted on twitter that the Gold income next yr alone should give us a MCap of over 20mil and maybe as much as 30mil .. GLA
Nice buy Miller, I have also been feeding off the bottom .. GLA
How would you come to that Mcap? 20-30k ounces of gold per year - so say a mean of 25,000. Profit of $3-400 per ounce, so again choose the mean of $350 = income of $13,212,500 at current exchange rates. Basically doubling our existing Mcap. Long way short of $20 mil let alone 30. I'm as LT and optimistic as any here but unless they have larger profits or/and more gold I fail to see how that alone can generate the numbers you mention.
Jim, if we achieve your revenue projection for 5 years and also get Togo producing, I for one would expect an MC of well in advance of $20m, never mind any other 'biggies' out there. Add in any potential revenue from the sale of IO assets (which whilst not great, compared to the value they could have delivered, could still bring in some much needed bunce) and I don't have a problem imagining that reality. However, since when did MC on AIM bear any relation to reality - you've only got to look around where company valuations go through the roof simply because everyone jumps on the bandwagon, only to collapse again when everyone moves on to the 'next big thing' , irrespective of profitability or management etc. I do in general agree that we should not be seen to be 'ramping' even if the claims can be justified. GLA
While we are yet to make any money, the most basic of valuations are 3-5 x earnings stripping out any one offs like a disposal of a site etc. With 2 sites producing this could well be in a nice place in 2-3 years.
Oil - agreed. But he stated figures on gold production alone and for next year! Not saying he's ramping per se - but alluding to meets with DR and info shared etc as well as spurious predictions aren't really very informative. As I suggested - anything stated in a Pub to members of the public is fair game for all of us, not just a select few as seems to be portrayed. DR doesn't seem to work that way and after many years in here I'b be more than a little peeved if he did.
Not really sure if mc have a great bearing on sp anyway, they are speculative at best, this has had a fairly consistent mc/sp ratio for the last few years but I think only because we have been thinly traded on the whole, sentiment is going to be the biggest driver imo, I just can't wait until we are self sufficient, I think the name change is a great move to shake off the unsupported frx tag. as daft as it sounds, aim is ridiculously fickle. New name, New projects, cash generative hopefully= fresh support. I think there's only been a dozen or so of the same people trading for quite a while, it's a much needed kick up the arse for aim investors I think. Don't really see much change short term but am happy to build and keep doing so. Far less twitchy bummed than 4 months ago. The definition of keras does it for me too. Gla
Hi BJ, hope you enjoyed your 'break' lol
Hiya oil, Yeh nice bit of Sun bathing and snorkelling on a nice warm island, not to mention copious amounts of booze ;-) , back to wet and windy Cheshire now booooo
Jim .. I guess your reply is aimed at my post .. I believe potential earning figures are conservative ..and if we bring in £5mil profit from gold, then I believe 30 mil MCap would be achieved ..lets just say 6/12 months time we WILL be self funding and a lot higher and more valuable than we are now ... GLA