Member Info for Beevorma

Cash Flow The Group operates in three major verticals (sports book and casinos, online lotteries and online financial trading) and has revenues and cost centres in numerous locations around the world. Significant growth was achieved across all verticals during 2017 and in particular, in respect of commissions due from the Group's marketing activities in online financial trading. The Group has experienced some operational difficulties in receiving agreed marketing commissions within the online financial trading vertical due to internal processes applied by the Group's banks, however, the Directors have received written confirmation from the operators that the commissions are due and payable to the Group. The Directors started the process of restructuring the Group's banking relationships during 2017, in order to collect the receivables from all trading operators in different locations, without any restriction and the benefits are already being seen and are expected to increase in the coming months. As a result of the above, the Group had a negative cash flow from operations of €1.1 million for the year ended 31 December 2017. Following completion of the restructuring of the Group's banking relationships, the Group does not expect to experience ongoing issues regarding the receipt of commissions due to it pursuant to its marketing agreements.

At the end of the day it’s a profitable business, the only issue is the overtrading from acquisitions but if they can manage the cash flow we will see capital growth and dividends IMO.

Pomme / Shakey you still in here??

they would offer 5 mate, not 20...

no it just means she's the project sponsor from their side, a TK buy out would be interesting if they found more resource in the long run though...

what about the TREO grade dropping 7% too, they are producing more and quality is dropping or do we think this is just happenstance?

looks like a money pit to me, but not in a good way...

Hi All,

Any one have an idea of what the production costs will look like within higher volume? Sales costs as a % will remain relatively fixed, so with regards to production costs, there's bound to be an element of fixed cost which will remain regardless of the ramp up to 400 T/month so i'm wondering what these would look like as at the moment we're quite far from revenue being higher than cost despite the high basket prices?

Thanks...

Production costs

Production costs (including Burundi support costs) of US$2,068 per tonne of concentrate produced were relatively high, as expected, and will reduce significantly as production rates increase and the element of fixed costs is spread over larger tonnages.

Sales costs

Sales costs in the period amount to US$646 per tonne of concentrate sold. These consisted of transport and shipment costs, the 3.5% marketing and handling fee payable to thyssenkrupp Raw Materials ('TK'), and government royalties of 4%.

Realised Sales Price

The average realised sales price was US$2,357 per tonne during the period, based on 125 tonnes of concentrate sold. Rainbow sells its concentrate to TK at port in Africa (currently Mombasa), and TK concluded sales with two separate end customers in the quarter.

pennies for someone on his salary, that would be like you buying a snickers and saying Mars is undervalued

I know it's the sun but...Is this for real?? https://www.thesun.co.uk/tech/6087004/marcus-island-pacific-rare-earth-metals/

It was on one of those silly ii chart analysis things, bloody red line this and calculation that!

Waiting for my bonus in April to get back in, no offence but hope it doesn't take off any time soon :-P

Cheers pomme, with the only risk really being Burundi I can't see this one being a bust so the 20p looks a good start!

Thought I was having a good day as I completed on my flat, check this bad boy out at over 16p! Totally agree a steady rise is better than getting on the leaderboards as it attracts those first time posters called "burundianminingexpert" who tell you the country has just given the finger to Kim Jong un. LOL...

Cheers Pomme!

Had to sell up guys, gutted as I'm going to be missing the best part of the journey! But I've bought a flat and needed the money by end of Oct for the deposit and fees :-( Will take me about 2 years to build up a decent enough to amount to have a stake again, I guess by then things will be different, I'll still be keeping an eye out though. All the best everyone...

we go...

thanks Shadow, i'm in anyway so let's see where it goes!

Remind me what date was it that he can shift his shares? Pretty sure HK will be after those, if that comes out in and RNS then that should stop the slide for a while...

I guess what Cannons is saying is that this wasn't clear from the IPO prospectus? But on the flip side you could say that the spot price is the price you can achieve for the product ex factory as an unworked ore... Potato, Tomato...