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The big play here is that they recover enough money to settle some of the debt whilst having capital to get mining up and running in Zimbabwe. That's where you could see multiples of current SP. At present their mining activities in Romania and Tajikistan are just enough to keep the directors happy.

As you have noted the approval of share issue was in respect to 'authority is sought in order to demonstrate the ability to repay Alpha and Mercuria will only be issued in the event that the obligations to Alpha and Mercuria cannot be met out of the realisation of the historic claims referred to above.'

Approximately half used and basically been used to cover their costs and not for settlement of loans unless you want to include interest payments. I'm not aware this contingency has been used for repayment of loans. They need to cover their day to day costs and overheads.

For the past few years it's been a life style company for BoD. The BoD has the possibility to change this but not managed to do this to date.

The mine only had a certain life and therefore new drilling being undertaken to expand life of mine. It's only just broken even after a number of years and it still needs to confirm it can generate free cash flow. What is the all in sustaining cost of production? We need some forecasts and whether it's a viable mine going forward. The last few years have shown the incompetence of the BoD/ management team with their failed plans. It doesn't mean that this will continue to be the case but we need some numbers before I invest additionally again.

Don't get me wrong I have made decent money (for me) out of Vast in the past. It's been more luck than anything due to diamond announcement. Still keeping an eye on Vast to see if there is opportunity to make money in the future.

By the way I'm expecting another share consolidation in the future in view of the number of shares in issue.

Was there anything new in todays announcement?

A licence for off take agreement in Tajikistan has been expected since last year. It's in everyone's interest for this to be granted. Hopefully there's some decent income considering there should be stockpiles built up (announcement on mining 15/08/2022 and Trafigura agreement 07/10/2022 ) but generally should be a steady income stream. More importantly will this lead to further opportunities in Tajikistan.

Still no mention or updates of molybdenum concentrate production since August 2022 when quarterly production figures were supposed to be provided.

The lack of numbers is concerning. Will third quarter production break the past and provide meaningful numbers with a forecast going forward.

With the size of placement overheads are still significant in view of company size and supposedly breaking even.

No updates since 7th August in respect to diamonds except to say no progression. As there has been little progress on Diamonds since January, my view on uncertainty is that potential further expenses could occur with international litigation to recover historic claims.

This still leaves the issue of settling debt and therefore unless diamonds are released further share dilution will be required to settle the loans outstanding. I cannot see company generating significant copper sales to repay debt unless copper price increases.

Just my thoughts and welcome other views.

'RBC cuts Bushveld Minerals price target to 300 (500) pence - 'sector perform''

I'll take that 😉

Another useless RNS costing money. It's pretty clear that there has been no progression on its Diamond claim, as day after day, week...to months there is no actual news. Just stringing people along whilst people talk of whispers they have heard, lol.

RNS just to prepare people for next placement as still need to cover their overheads. It could also be a fore warning on position on debt repayment. Company could be taken over and new owners benefit from any return in diamonds in months to years to come.

Unfortunately no news generally means another placement is being organised on a contingent basis. Overheads still need to be paid. Hoping diamonds turn up but looking less likely with each day, week...month going by. At least company at breakeven at BP so hoping a smaller raise.

Agree Wasarunner. There's no point in looking forward at gold prices when production was halted in first quarter and there's issue getting the gold out from the leach pads. It's been a couple of months so hopeful mining is back on track. Last year and 1st quarter 2023 have been frustrating and Emma needs to build back credability in respect to operations.

Let's see when we get a second quarter update and mining forecasts for second half.

Not sure if they are covered as the deposit protection scheme doesn't cover contents of deposit boxes. That was my reading of it.

The leader did not remove you originally, I did. This was because you wernt prepared to debate the issue initially but dictate how a grouo call should be made. Your tone of messages was offensive to some members and I wanted to maintain the unity of the group. I believe you could have contributed to the group but unfortunately it was not to be.

I wish you all the best.

Just adding to the list of delays. I find it unbelievable the company only found out about this a month prior to accounts being due.

I wasn't replying to you Pdub. I was talking generally in respect to price predictions. I think you wrote, 'I expected a better performance than that with FM in control.' This indicates your view on SP in excess of 5p with FM in charge. The past three years have shown any price prediction with FM in charge has to be taken with a high deal of scepticism unless it's a downward trend.

Hopefully FM has spent the 10s millions in the right places and the new CEO can bring some relief to long suffering shareholders. I see a real opportunity here but the company needs focused leadership with realistic aims and timescales. If this can be achieved then we could see multiple of current SP but first and foremost the current malaise needs to be addressed.

During FM tenure the SP has seen a dramatic high SP of approximately 50p. This was due to a shortage of supply and projects in place. For the past three years what we have seen is a general downward trend in the SP in view of missed targets and lack of clarity/transparency in operations.

To state with FM in charge SP would be 5p by the end of year is misleading. If it was an Orion requirement that he had to go (?) and funds could not be raised elsewhere we could be looking at a large dilution to existing shareholders and hence a lower SP especially if Vanadium prices do drop. More likely we would have seen a continued decline in SP as this has been medium -long term trend with FM in charge.

There has been 10s millions spent on upgrades development without any corresponding increase in SP. Generally the market is forward looking but this has not been the case here. A change was needed before it was too late. There is not much room for manoeuvre currently.

Its possible there may have been a few sells today but considering the trade at 2.54 for 22,500 was actually a buy I would think most trades today would have been buys. Also possible the reported buy for 226,000 shares may have been a sale in view of price drop. The volume is extremely low currently so I just think theres very little interest in Goldstone. BoD don't follow up on previous RNS and have not delivered on expectations for 2022. Not a great story for those interested in investing in a gold miner. Plenty of other miners out there who have good comms.

Even so I bought a few today because I think this could be a good buy if they can sort out agglomeration methods to resolve and improve recovery. Would be good to get confirmation of likely production target and whether it will be more or less than 20,000 oz gold. They have been at 65% recovery for approximately 9 months in 2022 and hope this has now improved. If not to come out and confirm 65% is the minimum standard going forward and how this impacts projected targets.

Just a ouple of years ago Goldstone was looking at a production target of 50,000 oz per year. This looks a long way off but hopefully we will all be surprised with a good uplift on last year's production.

Thanks Strummer. Currently it's just a waiting game to see how this plays out. All depends on whose interested in buying a billion lb copper mine. Comes down to the data room and what they actually disclose. Will be interesting if costs are where we expect them to be and previous announcements on C1 costs.

Not looking forward to next few months but thankful to everyone in RIG who are realistic but trying their best to add value. If nothing else at least we are there to support each other, even if it's a total right off.

By 'we' I mean RMM. Currently I'm still a shareholder but who knows in the future!

From Newgen perspective it could be good if one of the gold royalty firms were looking to put the company into administration to recover debt or it may run against their wishes. We just don't know.

Once mine is running again at least there will be revenue unlike last week where mining was halted.

Once again nail biting times.

DIP financing lenders are given first priority on assets in case of the company's Liquidation. This loan repayment will take precedence over Newgen Loan. Fairly safe investment in view of RMM assets. Most likely end result is takeover of Rambler for peanuts leaving shareholders with nothing. Even so a lot of work has been undertaken to get the mine up and running again so there's hope. It could have been curtains today but we are still hopefully mining again full steam tomorrow

I'm expecting a significant dilution following any share placement or CLN offered in respect to renegotiated loan. Its still a better route than administration as wouldn't have expected anything back.

The question is how big a placement is required to refinance and will existing PI shareholders be allowed to participate. Hopefully we can keep the pressure on without which I would have expected Rambler to be in administration now.

I think the $5m was put together hastily to reconsider their position.

Strummer not sure if you are referring to messages yesterday and the slightly embarrassing messages sent back and forth. I'm generally not interested in getting into petty arguments which are basically not adding to the debate. We're all adults and we all make mistakes.

Emotions are currently running high with Rambler situation.

Anyways I may have got this all wrong and if so just ignore this message.

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