Member Info for Andrew4444

I've been able to sell all morning.

Bid slightly down but MM dont seem to want to move the Ask down??

Hmmm I wonder why :)

"Put another way IF funding is not secured by end of Friday it doesn’t necessarily mean NO funding. It means we need to wait a little longer as it plays out."

That's also my view.

Its one thing to deliver a little later than stated, its another to not deliver at all.

I can't believe the BoD would have said what they did if there was any change of this not happening. They may have been a little overly optimistic (tbc) , but they are not idiots !

"Put another way IF funding is not secured by end of Friday it doesn’t necessarily mean NO funding. It means we need to wait a little longer as it plays out."

That's also my view.

Its one thing to deliver a little later than stated, its another to not deliver at all.

I can't believe the BoD would have said what they did if there was any change of this not happening. They may have been a little overly optimistic (tbc) , but they are not idiots !

I have been in AIM for years and find all BODs are overly optimistic.

These things nearly always take longer than guidelines and are complicated and can take longer than anticipated. If it is delayed and sp falls, then I will be adding. I would be amazed if the financing was not all agreed and confirmed by early Jan, so if we see a sharp fall due to no news before xmas, then I'll be buying the dip.

IMHO

"Hands up. I admit I'm one of the mugs,"

Tbh I dont think anyone is a mug buying in here at this price.

More like rather astute.

As for CB, I think his reputation is now completely trashed and there is zero trust in anything he says. Maybe thats why he's stopped the interviews as he knows he's been found out.

If there was not the CB baggage this would be much higher against fundamentals.

CB is adding value though, its just that its a negative value !

IMHO

"Fortunately (for us) Bezant and Xtract are poles apart."...

"we are a profit making company without the need for placements to"

Spot on.

"Even he must look at the share prices of all his companies and marvel that people are still prepared to give him their hard earned."

Well some still seemed to be prepared to. Only 3 weeks ago backtothesoil posted

"For what it's worth JDAU, I agree that this is undervalued. I've recently bought £12K worth" :)

Maybe CB has finally "learnt his lesson" and is now going for his new approach of under promising and over delivering !

If so thats 11% increase in pre tax profit

Btw

POG futures circa $2050 Jan so maybe another $100k extra profit coming soon???

Thanks for that Andy. Good info.

So assuming:

$1000 AISC (it may be just below $1K as CB said they are working towards sub $1K AISC in Q2)

$1950 POG

= $950 profit

6541 oz x $950profit = $6213950 x our 0.23% = $1.429M = £1.13M pre tax profit = £375K a month pre tax profit.

My previous estimates have always been between £300k and £400k a month pre tax profit so £375K looks realistic

Dec Jan and Feb months will probably be 75% of the other 9 months as they are the rainy months

So that works out at approx £4.2M pre tax profit a year

Surely whenever that is officially declared the sp will start to reflect this profit?

Not many small caps around that are profit making at that level with a market cap of £9M !!

Even before bushranger, our market cap was higher at times, even when we were loss making at group level :)

CB start to redeem yourself and get promoting this news !!

Alex Terry holdings have increased at every update and is not unchanged from last update 1 June

He added more after sp went down to 2p and has not sold any.

As a large holder, probably link to some institution, I would think he has better comms with CB than we do.

Its encouraging that he has not offloaded any.

We may not get the official figures until June end of year financials but we do know what 2023 H1 income was - assuming you believe the RNS.

I also think there will be enough info in Q3 to work out reasonably accurately what the Q3 income was - but accept that will not be confirmed officially until end of year financials.

"The Net Profit share due to Xtract for the 6 months ended 30 June 2023 is estimated to be US$2.1 million."

This statement was in the RNS. We may not have yet received it, but as its in an RNS so I am confident that will be correct.

As that was for the first 6 months of 2023 I would expect production and therefore income to be higher for the end 6 months. So I would think net income will be circa $5M over the full year.

IMHO the question is when will this be confirmed officially - not so much is the figure (broadly) correct. Broadly as it states the figure is estimated.

Hopefully we will get confirmation of the finance agreement next week but in the RNS it stated

"The Company retains the option to further extend the Loan Facility until 23 March 2024, on the same terms as previously announced."

As ever in small caps, things take longer than anticipated so the RNS confirming the agreement may take until mid Dec / early Jan?

I hope so as that will give me a chance to add more at circa 30p

Whatever the confirmation date is, it looks as good as certain that they will agree the financing arrangements soon. Some achievement for a small MC co and esp in these difficult times.

Maybe the lenders, who have seen more than we have, are very happy with the future potential and prospects here :)

"2025 i expect for $10k+"

Thats also my guess , and imho $11K + 2026 and $12K + by 2027

BR bottom drawer for a while yet but manica q3 results and also final year results in June 24 for full year 2023 should move the SP dial. POG should be near / above $2K for most of 2024

I cant see sp doing much until early Jan when Q3 results should be known...that's assuming we get some clarity in the results

Very long recover period here but maybe, just maybe, we are now at rock bottom and will be slowly making a slow and sustained sp recovery???

The person who just sold 645k obviously doesn't agree with me :)

Https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess/

Https://www.miningnewszambia.com/more-investors-set-to-flock-into-zambia-analysts/

Has CB got something right ?? :)

I don't post on here but have been accumulating while this was sub 20p. I couldn't agree more with Plutus view!

Anyone is entitled to change their mind, but do a 180 in a matter of a few days based on no news tells you everything you need to know about the motivation to now being negative....based on no news:)

"but I don’t believe that would impact on any decisions that will come to potentially and significantly increase revenue."

Disagree. I think it will.

We can only spend the manica income once. I suspect Cb would rather use it to buy more lottery tickets than use it to expedite the increase in output at manica. If he does use any of it to build up manica he may only a bit of it.

CB's strategy is actually sensible and correct if you haven't got much time left and are going for short term successes.

He's 80 now