Member Info for Basketcase

Anyone know who the shareholder is? Have to laugh! Down on their investment so let’s throw the dummy! 👶😂😂

£7k will buy you 1% of BLU Lovely. Buy some and hold for the inevitable rise.

Any of you more knowledgeable posters know who owns the rest of Sat?

I think you’ll find this is a standard statement entry, if you look back the same statement was made on the same day last year.

This one is finally primed for a quick move back above 2p! It’s had a couple of attempts but this now looks like the one, TA lined up perfectly, first target 2.5-2.6 area! GLA

Wow graham I can see you’re a glass half empty kind of guy! (:

Nice one! This has to be cheap as it stands! Production looking to be at the higher end of estimates! Cash in bank! 365 days coming on line very soon, and generally the management just seem to have a quiet confidence about things moving forward! This will slowly move upwards in the coming weeks!

Yep, the 0.3s are definitely buys, I can vouch for that!

Taken a few here last couple of days! Looks primed for a decent run, another couple of big find announcements should see it really move! GLA!

Right, I know this has been a s**t show for the last while, but as I list below this IMO is cheap as it stands! I know Charlie has been building up to this time with two or three significant news releases to come! My main issue was that he was going to do this with a cash call hanging over us, he now has this out of the way, at a decent price I may add!

Current MC £2.9m
No debt
Minimal running costs
Circa £500k cash
11.2% ABM
1.2% We Shop
9% Brandshield
30% IGS
22% KKME
30% Nashwan
40% Xantus

We have enough cash to see us comfortably into next year. We have invested roughly £4-4.5m in the above, with the top 3 hopefully becoming cashable in the coming year. We have 3 significant news releases on lithium and Brandshield imminent. So as I say, it’s been poor so far but at current levels I think this is cheap and has potential to double up in a very short period.

Open to any comments GLA!

Yep, I’m aware of a couple of people who have had similar emails stating a trading update along with financials!

That’s a hell of a lot, considering they don’t actually have to pay for anything! ie drill campaigns, testing etc! That said, we should still have more cash than our MC!

Anyone got any guesstimates on cash burn here? As Strongman says they have roughly $3m less 10months burn!

I just can’t believe how badly RP has played this one, and how low the SP has gone, and the radio silence continues! There will always be numpties on BBs, but it’s the company that’s f***** this up, no one else!

Yes, it’s a fair read and I’m working my way through it, but it’s clear to see that EDLs coal is going to be significant to this part of the project! Totally derisked after Fridays news and stupidly cheap as it stands!

It’s got to come soon! Totally derisked and far far too cheap!

I said it a week or two back and I reiterate it now! A lot of the negatives in the figures has been due to the real bad rainy season! I�d imagine things will really ramp up now! Been way way oversold!

Yep, that�s clear to see, and why I�m getting the chance to buy at a price I never thought I�d see again! Time will tell if it�s the market or myself that�s wrong!

The bottom line as far as I�m concerned is, we are cheap at �4m MC! They have a working mine, they will hopefully in time be supplying coal to help power Tanzania, they are currently generating revenue, they must have �1m+ in cash and they have no debt! Yes there�s going to be teething problems this early in the project, and yes their lack of communication isn�t doing them any favours, but I still feel the risk/reward at this level is a no brainer!

Both trades were for 741687 shares! Coincidence???