Member Info for Basketcase

There are some crackers out there! I was watching SNT this morning, someone bought �5k worth at 0.68 to sell them a couple of hours later at 0.52! They wonder why they lose money!!!

As I�ve posted earlier, I personally think the rainy season has a lot to do with it, and they may only be producing 4K over the worst months Feb-May! But if they can up production to over 10k in the good months, and average 10kish pm over the year then I�m happy! I just don�t believe they would get their figures so wrong!

Following the start of washed coal production, announced on 9 October 2017, processed coal is currently being delivered on commercial terms to a number of customers in Tanzania and neighbouring countries. These initial, "test shipments", currently totalling over 1,000 tonnes, are to parties that have expressed interest in placing long-term coal orders with the Company, subject to finalising pricing and quality, that in total could exceed the initial planned output of 10,000 tonnes per month, which is targeted to be achieved by the end of January 2018.

23rd Nov!

It�s maybe just my way of reading it/thinking, but the 4K tpm, is that just current figures due to May being the height of the rainy season? Could they have been producing more in previous months and could they be about to produce significantly more in the coming months? That�s the way I see it anyway! I think this drop is way overdone and things aren�t nearly as bad as some are making on! Time will tell I suppose! GLA!

About as bad as it gets!!!!

Larry, that�s very similar to my thoughts! I think the extra cash raised will be put towards equipment to up production levels! We know it�s been rainy season which will go a long way to the production levels AT THE MOMENT!! I may live to regret my two significant top ups last week, but personally, until we are told some meaningful bad news, I�ll take it that things are ticking along as well as they can!

This is one seriously negative board! Have they announced bad news??? I have held shares here for years and have over the last couple of days tripled my holding at 10%ish under recent placing! Yes there was a discounted placing recently, but that�s as bad as the news has been, and also probably accounts for most of the drop! I�ve seen it all before! I agree they�re not doing themselves any favours with the radio silence, but until they tell us the coal has disappeared or such like I�ve got to assume they are still going about their business as planned! Listen to old Buffet and snap them up when no one else wants them!

I did ask the question on here a week or so back, just had a feeling that a placing was coming, RS just can�t go too long before throwing one in! Very poor price too! Not impressed, albeit it�s a small holding I have here! The question now has to be, is there more signed contracts coming? Time will tell!!

Well it was certainly soaked up easily enough, 10mill sell then the SP steadily rose into close! This will see a decent bounce from the 0.2 area! Way oversold! Still risky, but I�m sure there�s a short term 50% to be made from here!

Surely the biggest difference now to past history, is that RP has now put a chunk of his cash in! I�m sure he is already aware of which deals will happen, and I�m sure it will be good for PCGE! Still below recent placing price! No brainer as far as I�m concerned!

Ha ha ha! Yep, they�re going to be investigated! The director that just bought in must think so too!!! Couldn�t make it up!

I only asked as I know RS isn�t shy when it comes to a placing! The last one was over 6 months ago, with most of the cash having a specified use! I am a holder here, albeit not a huge amount, just feel that with only minimal contracts signed to date they may need some extra to tide them over, the price action also has the look of one on its way!

Totally agree, I�ve never been as confident in this one as I am now! Been here for years, with plenty ups and downs but I now think the company is in the best position it�s ever been, several cracking assets, cash in bank and no debt! Even the BOD are buying shares and that hasn�t happened in a long time! News flow should be thick and fast now, and if they can finally get their PR/IR right, then I see this as a �10-15MC company in the coming weeks/months!

Anyone have a rough idea what sort of cash balance they have available?

Barclays are not yet! They�re always last with anything like this!

Morning all, I�ve been here longer than most and have seen so many false dawns, but the Brandshields investment has pretty much came out of the blue but looks amazing! The figures speak for themselves, I see no reason why this doesn�t see �10-15m MC very short term! Looking forward to today!

Setanta, sums it up perfectly! Regardless of how they�ve raised funds, EQT looks to have the makings of a cracking business! Ignore the noise, but and hold for a while and see where the SP heads, I�d imagine in a few months it�ll be significantly higher than today!

Oh well, will have a look back in the new year! I’ve started the process of opening an account with IG, but I don’t see the point of moving my shares out of my Barclays account until they actually list on an exchange! Even if they list and I’ve to wait a week or two for them to transfer, anything I get back now is a bonus as far as I’m concerned!

Yet? I look in every so often, anything significant happened over the last couple of months? Thanks