Member Info for Beevorma

ok so the 70% is for the ex works model, it makes sense just seems a bit steep. perhaps they're planning to sell in quantities lower than a full 20FT container load which will increase logistics costs quite a bit.

that's still 9.9m a year with the discount, assuming RE prices don't increase/decrease. I still can't get my head around that discount rate though can anyone enlighten me as to why it might be so large?

Gold I hope you mean how many kilos of the good stuff in a tonne, rather than how many kilograms are in a tonne full stop!!! :-p

Loving the ramp up of comments on here, it's not just the 3 musketeers anymore it's more like Blazin Squad :-P

no idea to be honest Pomme, not seen gaps like that before apart from on PFG when the price was moving over 10%

like again now now update from 14:07 to 14:19 and counting...

and another...

75k shares @ over 12.6p

the size of the discount is the only thing that has surprised me, i think we discussed this some time ago shakes. i can't see the logic for such a large discount, i just hope it's a worst case indicator and not the reality the the board has agreed to (what seem to be) poor terms with a large player in their early days...

Hi Monarch, actually it's because there seem to be long periods where the live SP is frozen, which hasn't happened on this share in the past. Have a look back through the BB, i've been here a while!

what's the criteria for auction again?

& awaaaayyy!

Can't imagine there would be value in diluting further, it would be a ridiculous amount of shares for naff all back, better to sell and use the funds to carry forward a single asset into production?

That and it's likely a more efficient process in terms of wastage too

correct, local relationships and political neutrality are some of their key strategies to mitigate the country risk. They have even organised local football matches etc.

it only mentions fuel within the potential risks area, this isn't an issue for us as we are indeed quite manual. This is however due to the nature of how the product is being mined in a low-capex manner and using local workforce, production forecasts have increased so i do not see technology as a potential or a problem.

you're assuming continual expenditure despite the fact the factory is now finished, future cash burn will be minimal compared to the past 12 months...

Disappointing that we didn't get a large rise on the back of a good update :-/

And what could possibly go wrong with that! :-p

Hope it flies need the money for a deposit in 6 weeks time! :-)