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russian girl, i know your mode is code but tonight i am in the mood for poetry, i'm from the north so here,s a couple of lines from my FAVS,
"And Did The Countenance Divine,Shine Forth Upon our Clouded Hills? And Was Jerusalem Builded Here ,Among these Dark Satanic Mills ? ;)
WINK
MODERATOR !!
ADMIN PLEASE !!
Stilton per sempra ! lol
Not Jezzoo in disguise, I'm here.
MODERATOR !!!
Rubbish
Well I picked some up at 1.629 which I thought was a great price but I see others have managed to undercut that. Always difficult to try and pick the bottom. But the way I see it is that with the income and potential they currently have, the current price is somewhat silly. All down to sentiment - me thinks.
The opposite I'd say, CB said by concentrating the ore there would be as much as an 87% recovery rate so 87% OF 1.3MT is 1.131MT...
On the plus side ( which may or may not outweigh the downside) less bulk pay will require a smaller Capex on equipment, chemicals, labour etc through not processing uneconomical material.
Any of the team want to exercise their 10p options?
Remember it’s 1.3m cu equivalent not copper
There’s obviously no positive npv or he’d have shown it - hoping for the copper price to bail him out or effectively admitting the game is up at br
The market has this about right at 1.5p unfortunately- no news on full production at manica and what level that is
No point throwing money from there into a hole in the ground at br if it is so marginal
Did they just discover the concept of the concentrator in the last month ? That’s a joke as was the Roast interview- pure waffle
My take on the RNS is that it is telling us that with the concentrator, the project will be profitable (even if it wasn't so without it) - but there could be a case for dilution. I think that's why the sp has taken a bashing.
However, with regular income I would have thought a loan would be the obvious way forward.
****E
Your positivity is (on occasion) to be admired, despite it being founded on naivety and crackpot ideas.
Tell me this: What does CB have to do to provide some sort of shareholder value?
What news does he need to release to increase the market cap here?
Is he underperforming currently in terms of his PR of this company?
It seems, the chirpier you are about this being a dead-cert winner, the more the sp falls. You note that it's OK if it falls to 1p so you can buy more. BUT that means the market trusts Colin EVEN less to deliver. Therefore I refer you to my questions above. He HAS to deliver something to turn this around. Currently there is NO evidence he is able to and there is NO plan that he has published that suggests a turnaround in fortunes and therefore an increase in sp.
CB, if you are reading this, something needs to change. The sp is declining. The market doesn't believe we will progress here. Can you outsource Comms? Can you do another webinar? Can you provide a clear plan of action with associated timelines?
Ma, the podcast does not mention any cash raise. It does mention further drilling which I always thought was a good idea as I didn't want to pass on undiscovered resources to a third party - even if those resources are only known to a low level of confidence. So, the drilling needs to be paid for. My hope is that African gold will cover it but my next best option is a loan financed by the African income and then lastly dilution via a raise. At these sp prices it could be a substantial number of shares to enter the market. Hopefully we can avoid that.
less than 50k total trades today... lowest for some time I believe ?
I won't tempt fate and say "at least the selling has stopped" :)
Not often get to lunch time with zero trades. Lets hope for some positive news next week and a few up days...
Lowest daily volume in a long time......
Surprised price hasn't dropped 10% today with those trades, huge £6 sell but only a £5 buy.
Wonder if we might get a rise next week, the drop doesn't seem to be getting the MM any business.