Member Info for allthatguff

Poor Dia Ria is the world 'worst tamper. They are probably crying over their trapped shares right now ha ha

That is all very nice, but do you have anything actual to say about the company's situation here? Some insightful analysis would be welcome.

"Or maybe we're missing something ?"

The real announcement required is a dedicated iron ore port. The mole is nice but small scale. The announcement of iron ore port could happen in next few weeks or months..

And welcome to you too. The first gloater of the day :-)

The blame really lies with the company..

On the April trajectory they should have sold more than 33kt in the last 2 months ( at least 80kt). So, not good. And yes, we have no idea about quality which they had problems with at beginning of year.

Good point jains, that may be a crumb of reassurance. Keep smiling :-)

Worst case is that the Elandsfontein mine is not viable and this will go bust. The lack of explanation of sales and proper Elandsfontein update is highly worrying. They provide no reassurance in this RNS.

Even if you can sell, won't get much for it. Gonna get slaughtered today.

Well that's fooked it. Just 33kt sold in last 2 months. Is there another shipment waiting at export harbour? No explanation, no context. The accounts situation is pizz poor.

Suspended from Monday. Utter shambles.

There is no rise, simply trades within the spread. Just complete nonsense, surely you can't be this desperate to get out ? Wait until Friday when we have real news.

6 would just be a bagger. Multi would be 9 or more.

Ria plays their own little game which can be ignored. But do you have any of your own relevant thoughts on the outlook here, davey50?

Yes, it is very disappointing, R80m is about £3.4m. So the question is why has this drawdown been done?

Options..

1. Production is going ok but payments for sales have a significant lag ( the hoped for option)

2. Production is not going well, probably unlikely due to recent seemingly successful ramp up.

3. Quality issues are so bad they are not getting much for the product. This is a possibility, but surely they should have mentioned this at last 43k sale if this was still the case?

4. They are spending a bucket load of money on Hinda project engineering design and are prioritising speed over cash flow from Elandsfontein. This is a possibility, there is real pressure in the Congo to get the project moving if they want to access port and power facilities. If they don't move fast the may lose the infrastructure options to other companies..

Hopefully we will get a clearer picture of all this on Friday with the update. This drawdown has introduced some uncertainty but I am still confident that Elandsfontein is ramping up ok. Just need confirmation on sales and especially product quality. My suspicion is that this is a temporary cash flow problem (sales income lag) plus heavier spending on Hinda.

Expecting good production news and Hinda update on progress/ financing.

Target: 12-14p on 50ktpm or more production

Yes, Kropz (KRPZ) is itching to start it's Hinda rock phosphate mine near Pointe Noire, that's 2mtpa that needs to be exported through Pointe Noire. A funding update, and indeed go ahead, could be announced end of this month in its annual update.

Competition is fierce for export space until a dedicated mineral port is announced and built .

The proposed Hinda mine will use Pointe Noire port for export so this is excellent news..

https://www.thenationalnews.com/business/economy/2023/06/20/ad-ports-signs-30-year-agreement-to-manage-and-operate-congo-terminal/

"AD Ports Group, the operator of industrial cities and free zones, has signed a 30-year concession agreement with the government of the Republic of Congo to manage and operate a multipurpose New East Mole Terminal in the city of Pointe-Noire."

In that case they cannot divulge anything substantial that is new.

??

Morning ria. This thing can move very fast and vertically when it wants to. It certainly deserves it with increasing Elandsfontein production!

..at this price, imo. Looks like some are agreeing with that. Just 11 days off the annual results and projects update.