Member Info for Banburyboy

Gold price links are less relevant Helpful than your predictions

- 5,000 ounces net to RRR

- 1,100 tonnes per hour throughput

- costs per ounce $550.

If you are right on this RRR will be multiples of the current share price.

The problem I have is you've never called anything on this share right.

Going to sound a bit naff Triumph but neither an ordinary Jo with around 160k of shares at say 3.1p average.

I was thinking sell at 2.1p if it gets there 30% loss.

If there a full sale that's it

If we go through the arrangement buy the rights which I think have vested and anything over 2p I break even.

I'm lucky in lots of respects respects as I might escape with limited damage. Feel sorry for LTHs to think they were over £2 and had an offer.

Or maybe he's in a boiler room Flightman.

News you will have to pedal and post much harder to promote this one I'm afraid. The death spiral seems irreversible irrespective of commodity cycles.

Triumph - my buy in price was about 3p so relatively I'm lucky.

I think the warrants are fine at 4p

My main problem is the placing at 1p feels to low.

Don't really know whether to stick of twist on this one.

Three numbers from Hapless to keep an eye on.

Throughput - 1,100 tonnes per hour

Sales net to RRR 5,000 ounces

Cost to RRR - $550 per ounce.

This is what he has publicly said over the last few days.

Just as Andrew said on Lithium judge us by our exports, let's judge hapless by these numbers.

Good luck all.

Billbob as the effective date is the 9th you get your rights anyway.

I have a lot for me 150k of shares average 3.1p

Thinking of selling if it's 2.2p.

Take a small loss if sale

If they go with current plan I get 135k of rights. If they can reach 2p. I escape overall at evens.

I must confess this is a lot better than I feared but I know I have a low entry price.

Dukey keep it simple 18% of the company gone for a meesly 200k the day after Hapless was prompting gold bonds at 1% per annum..

200k will last a month. Hapless will partake in the placing and sell on. More dilution from POW deal. An absolutely awful balance sheet £4m of debt and £26m of accumulated losses. Its a car crash and yet Hapless has the audacity to big up FASO the same way as he did Lithium.

The red flag is when they tell you the CEO needs to be out there to stop the gold being stolen?, they imo don't have the cash know how critical mass or expertise to make a go of it. Its a final last roll of the dice as DRC and Lithium went pear shaped. Time will tell.

Really interesting one Bigdaz.

Any serious buyer would be snapping up shares at these prices as it gives them clout at the vote.

The new investors have a fab deal 80% of enlarged company for £10m.

They see value but the bank is forcing them to go through sale process.

Disadvantage of sale is no creditors restructuring which is fundamental to cost reduction

My outside bet is Youngs etc provide the £10m for 49% of company on the same terms as the three shareholders they have tapped up now but better for us ?

AiM he's also known as loose lips lundy.

He really does reveal stuff he should not be saying.

He does not deserve the title financial advisor. He is morally bankrupt with not an ounce of remorse for the wrongs that he has done many on here.

My loss was before his time but the list of evidence linking him to the company as an insider ( provided by him is extensive)

It's useful idiots like H50 who is so blind he has it in for the wrong people for the wrong reasons.

With 5bn shares in issue soon. Even if they got $5m from DRC net which would be an excellent result the proceeds represent the princely sum of say 10 cents or 0.07p per share.

Feel sorry for those who invested at 1p for DRC.

Three years of relentless fund raising off the back of DRC being imminent has been morally wrong and destroyed them.

Lundy will be OK wonder how many he took at 0.051p to sell on the FASO spike at 0.08p

Completely rotten.

Yes Ian but the record date is 9th April.

So if you sell now the rights are still with you.

So I sell 80,000 today. I retain the right to buy 70000 shares at 1p.

If it hits 2p I think I would consider selling but would love to confirm by understanding is right

The open offer record date is 9th April.

Does that mean if I sell today for say 1.6p ( it's going up). I still get to buy again at 1p if it looks worth it ?

Seems to be a restrictive clause preventing anyone building a stake.

He's normally logged on in the boiler room by now ?

Dukey £4m of debt.

Some of the short term debt from the accounts has an effective rate of 42% per annum.

It won't last a month.Finance charges will eat through it.

What a mess.

Helpful Bibbelle is huge !

From the man who said Tin Hill was 1-5m tonnes.

I think you owe posters an apology.

No Ian

£2.5m from investors 7 for 8 rights at 1p

£10m from new investors.

Bank is supportive but wants them to explore sale options.

The interesting thing is Babu who brought in heavily before Xmas up to 17% has in the last few weeks ( since it was bombed out) gone to 1.5%. Clearly he's done a deal presumably with the big three so they can swing the shareholder vote to restructuring.

Anyone genuinely interested in buying the Co might need to mop up the shares. Probably a win win as they come with rights.

I'm actually expecting this to rise to closer to 2p. Famous last words !!

So expecting a 10p fall - interesting to see how it plays out.

All I get its threats and abuse and seldom am I ever wrong. The 31st Dec accounts and balance sheet were horrible.

Observations - Helpful will no doubt pick up placing shares. He's told us this many times. It's a disgrace he posts.

Means first 250k of POW deal is in shares at this price.

Approaching 5bn shares then !! Any benefit from DRC completely blown.

I said it would never see 0.2p again. With 5bn and growing shares there is no chance.

There is NO spivs or short selling of this share. The only gainers are the privileged few like Helpful who participate in placings.

Watch the inevitable rise into FASO news and sell off by the same individuals rinse and repeat. But fools like H5O tell us different.

I'm hoping for a buyer.

Giving away 85% of company for £10m seems very dilutive to me. Albeit dilution is cut by participating in rights issue.

No offer of BOD or CEO trimming there very high pay packages. Very disappointing.

He seems to have a degree of balance in his posts.

4% is a lot and surely he would have been massively diluted over time which is why I asked the question about participating in placings.

Maidit is not the sharpest poster on here.

Not long before they link me and AJay as the same person and get H50 frothing at the mouth on a new conspiracy theory.