Member Info for Andrew4444

"you have no basis to assume that anyone commenting on this thread considers that the funding will not happen."

Disagree.

All anyone can do is read what someone else posts and use that as a basis for making an assumption. Such as someone posting "I will say that it is my opinion, that funding is unlikely to happen" . That would be my basis and to assume you don't think, on balance, funding will happen !!

For clarity, I'm not saying I know that view to be wrong. I don't and it maybe right, but if anyone thinks there is a less than 50% chance of funding being agreed (with what we know today) , I think it a very strange that they would not sell up now as (if they are correct) the sp is going to go down alot. It would be a bit like someone saying I think it 70% likely the SP will drop by a lot but I'm not going to sell.

It just seems contradictory to me but I guess " each to their own"

GLA

BP

The IF qualifier is being used by some to confirm that we don't know which way this will fall.

It appears that some seem to know that funding wont happen. IF they are so certain that that will be the case, then I'm surprised they don't just sell up now before the inevitable sp fall.

All going up and near ATH.

Maybe, just maybe we are in a commodity bull run as some have suggested ? It could even be that there is an investment here after all.

Some may say that's despite of CB and not because of him :)

I rising tide floats all boats...even small ones that have been battered a bit for some time

Hmm. We'll see.

Gold $4,010

Silver $47

Copper $5.10

I wonder what the revised profit figures would be with those new prices plugged in ?

IF we get finance over the line this should massively rerate

Fingers crossed for the funding !

"who are the deputies who convince CB to put his money in Zambia heaps and non starter Morocco?"

I can answer that

There arnt any !! Its all CB's decision and all on him

Some may say, no one else could have made any worst decisions on strategy if you look at the results so far.

So I wouldn't worry too much about the successor not meeting CBs standards ! The bar is rather low

Isas

500K here and a bit underwater as started buying 20p+ and averaged down a number of times. Not buying anymore unless we get funding and start to see actual draw down.

Will add another £10 to £20K as funds allow and only after finance agreed (if it happens) and only if SP sub 10p

Then just wait and see and hope.

"My only motivation, Andrew4444, is to keep this BB real. There is clearly something that’s wrong that’s not related to the technical aspects of the project that means that this project is unfundable"

BP

But is that "keeping it real" or just wiled negative speculation?

You may end up being right but to its the certainty of people's views, both positive and negative which I find revealing.

Many seem to "Know" how this is going to end. I have no idea if this will be sub 2p or over 10p by the end of the year.

"As I have always said, it’s a complete binary bet is this, and I can imagine that I’m not alone in seeing it like this."

Completely agree BP. That's my view also. But that means there is a chance of funding and of a rerate. From reading some posts they seem certain no funding will happen and therefore the sp will certainly fall. Your "unfundable" comments above seems to support that view

Anyway I'll leave it there.

Good luck with whatever holders decide to do.

"I am so far underwater that the many shares I hold are worth so little (less than £10k) that the only sensible course of action is to forget about them with the seemingly unlikely prospect that funding eventually appears"

But that's my point. Its not a sensible course of action if anyone thinks we wont get funding as the sp will be going much lower and the few grand residue left will be with a lot less or maybe nothing.

Whatever Nano's motivation is in posting, I do think there is a better than evens chance that we will get funding and the sp will rerate. Maybe x10 is a stretch but sp in the teens is not unreasonable - assuming funding is approved. If no funding then sub 2p

Some may question Nano's motivation, but it would be just as valid to question other posters motivation for constantly predicting the companies down fall or sp fall.

If they think this has no chance of funding or rerate (and they may be correct) why do they keep posting and not just sell up before they lose even more money.

Hmm. I wonder why :)

"it is crucial to recognise that, as an aim-listed company, the nomad (nominated adviser) has a rigorous legal and regulatory duty. they would not permit the board to use definitive, forward-looking statements like “nearing completion” and “finalise funding” if they were not substantiated by tangible, advanced progress."

hmm.

we had an rns, nomad approved, saying we have secured funding. but that turned out to be all ****** !! so you can't even believe the rns at times

HZ

Your long post can be summarised by saying

1 we dont need to raise for some time

2, Demand for critical metals will increase

3. CB is adopting a scatter gun approach

But unless we start to find the mineralisation in the right amount at the correct break even cost CB will not deliver anything

He may deliver in the future, but his track record so far in finding the right mineralisation at the right amount at the right processing cost has been been terrible after 6 years trying . Hence no income from any exploration and sp still very down.

I dont see why you are so consistently confident CB will deliver in the next 2 years and before the manica runs out. I'm not saying he wont, but no idea why you are always so confident he obviously will - esp after the last 6 years.

Any RNS that is dropped on the closing bell is nearly always not good news

I suspect we are going to see this dropping back over next 2 weeks. I may be wrong but I doubt it.

No one can spin the 4.30 RNS as good news

Manica money really is being spent buying lottery tickets

"I feel sorry for the two investors who now own 15%"

Apparently they must have known something to make that heavy investment

Just shows its not always correct to assume just because someone is buying big they know anymore than anyone else

"do you have a problem with being an explorer and planning to monetise our assets? Doing this is precisely what is currently paying the bills & allowing for further exploration / acquisitions."

What !!??

But we havnt monetised any exploration assets !! If we had the sp would not have fallen so much.

The only thing that is paying the bills is the manica sale. And we did not do the exploration on that another co did and we bought it off them. CB has not got any income from any of his exploration purchases.

The manica sale was only done as mining is being done there. If we tried to sell it as an exploration licence before it was income producing then we would not have received much for it as no near term income.

"Colin isn't GOD!"

Nor is he the messiah

But he is a very naughty boy :)

Sorry, couldn't help my self !

"We now have a big spread to deter selling I think."

I really hope the big spread is to deter buying and not selling

If MMs want to deter buying now then that implies good news is due soon.

I would say the converse is probably true??

FWIW I dont think we will get any news soon and the sp movement is just the mms trying to get some sort of market going

A £1m raise at these levels after costs would see the sp sub 0.7. We have £8M more income to come from manica.

It would make no sense to trash the sp for such a small fund raise against the £8M guaranteed income IMHO

2P + then possibly

If CB does a raise at sub 2p with $3M manica income a year coming in, then what little credibility CB has left will be gone.

And I suspect so will any remaining holders.

CB may be a lot of things, but I don't think he is completely insane :)

Howzap

I've just seen Jezzoo's post at 10.54.

It' obvious that he would never voluntary post something as positive and optimistic as that. You must have him tied up in your cellar with a gun to his head and laptop on the table

Do the right thing HZ and let him go and no one will ever mention this again !

PS

Just checking, you don't know where I live do you ................

"Yeah, good suggestion - liquidating my shares for an 80% loss."

Matt

Your negative view could be completely correct, but if you really believe the situation is as bad as you say, then surely selling up at 80% loss now is better than waiting for a 95% to 100% loss.

And that's what will happen if your view is correct.

May be you havnt sold out as you don't really believe the situation is as bad as you say??

Hmmm