Member Info for 15LIVES

Paaa I agree it's small beer on the grand scale of things but to me that doesn't mean monies should be spent on things we don't necessarily have to. I can't imagine for a minute locals who are sceptical of our undertaking shall be swayed by us paying for a fly past. Don't get me wrong, I love the red arrows and I've seen them on many occasions. I'd even vote to pay for them at a shareholders meeting if we were making money. Just not yet for me.

I have to disagree Roulette. I don't think it's short sighted at all and it's most definitely not bang out of order either as far as I'm concerned. I don't see it either as a requirement to get the locals on side. That is the one thing we most definitely do not have to do. If I thought it would help push through TorPs I'd be all for it. I'd even be for it if we were ten years down the line making money and it was a nice celebratory gift for the local economy. But at this stage I think it is profligate. Just my take on it.

Emily Are we really paying for the red arrows whilst not turning a profit and having conversations as we occasionally do on this BB regarding when we can afford to dish out some dividends. I love the red arrows and I'm all for a bit of company promotion but if this is true I have to question it somewhat at this stage of our cycle. Sod the red arrows Chris. If you want to give some away at this stage give some to us shareholders who have helped fund our undertaking thus far. I promise I'll put my share towards my next flying lessons if you insist on an aeronautical theme. I'll even fly past the mine site and tip my wings in honour and recognition of the hard work currently being undertaken.

Nice tick up today through the psychological 30p barrier. Hopefully not to drop below it again. Always like a nice rise on a Friday as it leaves the mind wondering over the weekend if others know something we don't and Monday morning shall reveal something much anticipated. Next week we move into May where the psychological H1 end looms ever closer and our man CF's first half timetable is tested. Hopefully sentiment is seriously turning and our much anticipated J-curve is upon us. At some point soon we surely must have a sustained uplift if tacit promises are actuallt met or seen to be soon delivered.

Carondean I don't intend to sell however many bags it goes. Been here since 2p and until dividend. It's that long term mentality and utter belief in our BOD and our product that skews my thinking when trying to get into the heads of other investors who may or may not be so willing to believe like I am. It's other people's sentiment that none of us can fully empathise with and upon which the NPV discount rate (its true rate, not 'experts') is based and future driven. None of which matters if a LTH awaiting divis.

Thanks for explanation LITC. The way I interpret that is as the risks are reduced and providing everything goes according to plan the NPV shall merge in line with anticipated market cap. After all, that is what we are forecasting: worth at production and not worth now. If CF's current NPV of $15bn follows it's hoped for trajectory through planned and successful mine build then that NPV should become our anticipated market cap, upon which we are basing our future share price upon production. Discount rates between now and then are surely subjective (despite projected 'expert' figures ) driven by investor sentiment. It's that investor sentiment causing me to believe / hope stage 2 funding shall see us well north of 50p a share. But, like I said, I thought last year we would be there by now carried on the back of that sentiment. Time shall tell and hopefully sooner rather than later. Regards, 15Lives

LITC Thanks for your reply. I should have made it clear that my figures were in $. Aplogies for that. I have to admit to being somewhat uncertain when referring to NPV and market cap for a company such as ours with no other irons in the fire other than the one we do have. Whilst market cap is definite and easy to determine and fluctuates on a daily basis, when CF was referring to NPV (as you clarified ), I'm confused as to how that projected NPV isn't simply also a projected market cap when we have no other income or assets other than the mine. As you can no doubt see from my cloudy questioning company accounts and their interpretations aren't exactly my field of expertise.

Hi LITC I seen to recall, knowing me most likely wrongly, our man CF mentioning that figure a few years back at the time of stage 1 funding. I thought he commented on us being a 15bn company and I think he also mentioned the figure 27bn at full production of 20mtpa. Happy to be corrected. Regards, 15Lives

SBM I'll be a tad disappointed if after stage 2 funding is secured we're not well above 50p. I'm basing that on stage 2 with no dilution and 2 million extra TorPs signed too. Mind you, I was predicting this time last year that by now we would be north of 80p. So what do I know. Maybe I'm being too greedy too soon but with stage 2 in place, all necessary TorPs for that funding having been secured, contractors on pay or gain incentives, all works still on time and budget (hopefully) and with a little bonus of potash prices continuing to hopefully creep upwards surely we deserve more than 50p? We've come through the hardest of planning applications and shall have a mine whose reality is actually taking place at much speed before our very eyes. A project which if successful promises a market capitisation of 15bn at 10mtpa. Surely stage 2 funding secured is worth more than 50p.

Site has been slow and crap the past few days. I thought it was because I was in the remoteness of The Lake District where it's notoriously bad to get a connection. I mean, slow ain't the word. When the pages do download it still showing us below a quid for heavens sake!