Member Info for Bebeto

Zan, it's a big ask to get any CEO to discuss anything they don't want you to know about.

I've no idea about the interview but it would most likely revolved around known questions for good reason.

The bottom line is that after suspension, they'll be looking to raise funds via placement from prospectus, so they certainly wouldn't say anything that would trash the SP (like the true financial muddle).

Secondly,

Shareholders with significant investments (publicly) would rarely say anything negative about the company and would always look to riddicule those that do (in order to stop a snow ball affect of disgruntled shareholders).

Privately, the same shareholders would have many sleepless nights, knowing that they believed in being cunning buying way more than they should have, only to find themselves in a total fix being on the wrong side of the trade.

That's basically what's happened here and it happens a lot with small caps, some win big but they also get wiped out sooner or later.

I remember a time when it's you was a big RM fan, decent researcher and eventually changed their opinion of the company/CEO

I'm delighted they've filtered me, so I've no need to engage in their BS.

Shame they got under itsyou's skin and then showed everyone their true colours.

This is a win/win situation for me, if the company does well I'll make money and if it doesn't I'll lose money and have a front row seat watching them being taken to the cleaners.

Expecting a decent amount of dilution with the prospectus, if it comes.

Lol I don't know why you're all squabbling over liabilities, when you only have to look at the retained earnings in the interims, from negative $25m to negative $29m, for the six months period to 31st December.

Consecutive accumulating losses will be here for a while, it's just a question of whether the company can stay afloat.

Zan, it's 50 /50 what the future is and as long as you invest accordingly, you won't do much wrong.

As the odds change, so should your investment.

As for Vim Rutha, may I suggest comparing GCAT & GGP early only drill results.

10moz+ discovery is classed as world class as its extremely rare.

Kilimapesa is around 700k ounces and gold is known for nearby satellite deposits, maybe kilimapesa is the satellite, who knows lol

Zan, careful not to get blind sided where they want you to focus.

The upcoming financial results upto 30th June 2023 won't be pretty.

We already know they sold 3,913oz of gold for whole year and have a good handle of likely loss shown.

The period after the financials will be even worse and hence the suspension and non disclosure of Q3 & Q4 2023.

The question everyone should be wondering is whether they believe the company will survive consecutive periods of losses that is having accumulative affect.

It doesn't matter how many shares someone holds it certainly doesn't make them know more than the facts.

Think that's twice folio has filtered me, wish they would make their mind up lol

I was simply replying to Swampy regarding the company was in fact set up as an underground mining with the heap leach as a secondary. Therefore half the operation.

The variable grades for underground made it unviable, therefore all the 2022 presentations (2koz per month) come into question.

So far the production, just doesn't add up and I believe it's the main contributing factor of not getting substantial funding here.

Looking forward to seeing the results.

Swampy, I was referring to the underground operation, looks non existent now. Just open pit and heap leach.

The holding company's gazette was on companies house, they only had a week or so to rectify before being struck off.

A creditor is a creditor however small.

The old talk down to buy in cheap chestnut again lol

Suspended for several moths and weak production will influence the SP far more than anything said or discussed here, it's about time people got off their high horses and smelled the coffee.

We shall see, I'm also a holder here and for the record I do not wish the company to go under but I don't rate the CEO at all and now he has recently put a mortgage on Kilimapesa with half of the operation shut down for the foreseeable, what happens if the plant has a serious fault and they default? The holding company was also nearly struck off, I think RM is a liability.

BTW I'm delighted that JC has filtered me, he can't see anything I write so he can't be offended or feel discredited by anything I say.

At least he's stopped making up avatars to comment back though lol

Hodgey,

I contacted the FCA months ago and they got back to me quickly to say whilst the company is in breach of listing compliance the prospectus will not be authorised and at the same time RM was giving interviews (apparently) saying it's nearly there.

You now look flapping as you also know the future here is still on a knife edge IMO

Lol the point scoring squabbling over the financials below are upto December 2022 and we're currently waiting for June 2023 to be published and they won't even contain the period of the plant shut down...

They will show a net loss though.

The company hasn't mentioned the sale of any gold since 4th August 2023 RNS. (Q2 update)

It's no way to run a company IMO

LOL looking forward to the results . Then the market will see what RM has been hiding!

I suspect everyone knows it was technically insolvent but we'll see what happens when it comes on the market.

Until then continue flapping with loads of posts :)

JC is obviously well down and flapping. I'm almost embarrassed for him lol

There's only a slim chance this will come good now. IMO

You'd think that during all the months they've been idle, the company would have looked for a secondary income from the two drill rigs.

This is what JC & Co does try and belittle other posters.

This board was lovely when thry were in hiding.

Yeah agree, I'm not selling, I'd reduced my holding last year and took the loss. I'm now comfortable with the amount invested here. If it does well I can invest more.

Delighted to see an update and it took some coaxing out but we got there.

RM wasted the equivalent of $3m to $5m expanding into Tanzania and became extremely close to bringing down the whole company.

They'll be no return of investment there for around 5 years.

He needs to step aside and get someone in who knows what they're doing. IMO

Using today's gold price and last year's AISC, they've produced around $457k operating profit from beginning of February.

But it says 'recommencement of production' so there maybe no previous production figures or very little.

I said 5hrs ago more arguments to follow.. Jeez can't you guys just respect someone has a different opinion lol

There's been no arguing on here and it's been a calm & respectful atmosphere.

It was lovely here without you & JC, shame you both decided to come back... More arguments to follow.