Member Info for Billyboy2fromiii

Afternoon Dave,

So you kicked me off the Chill Love Fest last night.

Why?

Because I had the audacity to suggest that yesterday’s RNS could be pivotal. I suggested the expected poor results accompanied by some positive fact could well be the catalyst to change the sp decline. I also suggested any “fluffy jam tomorrow” statements could see the sp head to 29p.

As it was, be got no fluff and no jam. In fact, we got nothing but the expected poor results with some additional red flags. But we still see the sp at 29p.

As I said last night on here, very poor decision making yesterday. You do have to now question some of the statements made by management on and around the Interims.

Unfortunately, I can now see the sp possibly heading to 19p. But don’t you worry. The shares are in sticky hands and the Co is trading profitably, so the rapidly declining share price is not really a concern.

BB2.

Morning Daneth,
Could you please breakdown your 3m sales. My records show only $2m disclosed for current year (with worryingly nothing since 1st July).
Thanks, BB2

Hi Vas,

Fully agree. Results expected to be poor. So why try and “hide” them with a very late RNS?

To just issue the unaudited with no notes looks like poor decision making to me, very poor.

If you read the notes in the interims very carefully, these results raise serious questions as regards some of the positive statements being made.

Certainly franks up my post on Telegram this morning, for which I have been sin-binned for 24 hours.

BB2.

Thanks, I had forgotten them.

Blue,

What does BM stand for, please.

RKB,

Can I ask what exactly you are suggesting will trigger the re-rate tomorrow with a minimum 20% rise?

Most genuine investors know that revenue for the six month period will be very limited. Some store sales but not much and limited increased online sales.

We also know that the Co have already reported $2m orders (US stores) post period (up to 30th June).

Most on Telegram are suggesting no further reporting of orders until the end of the current quarter (July to Sept).

Can’t see any significant UK news until FSA approval, which could be months away.

European news seems bogged down by the CBD complexities.

Fluff and “jam tomorrow” will likely be met with further negativity (and alongside the expected limited revenue) and will provide the Chill Bears a great opportunity to bash the share further with a sub 30p sp possible.

So something significant is going to be needed for the Chill Bulls to regain the upper hand and hopefully see the start of a re-rate and the return to 50p.

So what exactly do you feel is going to be the Catalyst of the change in sp direction?

Certainly a big day tomorrow for CHLL shareholders.

BB2

Roger,

We do not know for sure if buy or sells. The info on LSE is unreliable as regards which.

BB2

RKB, do you really believe online sales are going to go up from £54k for 6mths to 30th Sept to $734k for full year to 31st March ??? Really cannot see that, personally. I am expecting more like $234k. So we are $500k different in our expectations. BB2.

Northman,

Fully agree. If this is done correctly and timely (which I very much trust LC to do) it could be a win-win for both JLP and the Zambian Gov't.

It has been an uncomfortable few weeks watching the sp dwindle downwards. Well done to all that were patient and continued to believe. Also well done to LC & CB.

Regards to all holders, BB2

Hi dunc,

Yes, I fully agree. In my opinion, that appointment can only be seen as a positive. As such, should mitigate any "pump and dump" concerns and also any concerns regarding the CEO previously being associated with SXX.

BB2

Thank you for your honest assessment, Burleigh.

I have read that RP was previously associated with SXX which (rightly or wrongly) is a possible concern. Also, it does seem a bit odd that the WG website has twitter comments on the home page regarding Havieron and NewCrest.

As you say, it is about risk and return. At present, I am happy to dip my toes in here and assess things further in time.

BB2

Thank you again, Burleigh,

I have bought a small initial amount (£2,500) this morning. I will continue to research and add to my position going forward as I enhance my understanding of the Co and gain confidence as regards the future potential here.

BB2.

Burleigh, thank you for your reply. I have started to read through the RNSs. I understand the current urgent sampling and the reasons for it. Timescale approx 20 days from 10th Aug with turnaround time of 4 weeks. I assume that is 4 weeks after the 20 days, then drilling can start very much focussed upon the sampling results. On that basis, towards end of Sept or early Oct.

What are your thoughts regarding the cost of the sampling and drilling. I see the last raise was on 20th May for £1.4m gross (for working capital for the Company as it embarks on its Red Setter exploration programme). I see the sampling is for 1,400 samples and the approval obtained to drill “up to” 30,000 meters. What are the drilling intentions for this years (has that been disclosed yet). Does the £1.4m fully fund this years drill or will further funds be required?

Thank you for taking time to reply.

BB2

Morning all,

I am thinking about investing here. Any long termer willing to share their expectations going forward, please.

BB2

Condor,

Thank you for your reply.

Just watched the video clip from yesterday. As others have said, an interesting slip saying 100% of land but then correcting to 97%......

MC confident that Update due EARLY Sept that will show updated project economics etc. Will be interesting if this mentions the land %.

I continue to patiently hold and will increase again when 100% land purchase confirmed.

BB2.

Juxta,

This is a post that I made on 20th July following the Update RNS that stated Production and AISC targets were maintained....

Morning,

Good RNS, imo.

Production ytd of 47,275 (22,781 + 24,494 with avg AISC $1440 (1,494 + 1,386 = 2,880/2).

So to meet minimum production guidance of 100,000 at higher AISC guidance of $1,350 , H2 production needs to be 52,725 with AISC of $1,260. Using Q2 avg realised gold price of $1,802, would give FCF of $28,576,950 for H2.

To meet maximum production guidance of 110,000 at lower AISC of $1,250, H2 production needs to be 62,725 with an AISC of $1,060. Using Q2 avg realised gold price of $1,802, would give FCF of $46,541,950. for H2.

So, if we hit the (maintained) 2021 stated guidance, then FCF for H2 should be between $28m ad $46m.

The AISC for Q2 dropped by $108 compared to Q1 on the additional production of 1,713oz. On that basis, an additional 1,868oz avg production per quarter for Q3 and Q4 should shave off an extra approx $117 off AISC which brings it to approx $1,269 (1,386 - 117). So if we hit minimum 100,000 oz, then AISC should certainly be lower than the higher AISC figure of $1,350.

Looking better here, just need to make sure the expected 2021 production figures (weighed towards H2) are delivered.

Good luck all.

BB2.

Bearing in mind that today's RNS again states....."Maintaining 2021 production guidance of 100,000 - 110,000 oz of gold, with an AISC of US$1,250 - 1,350 per oz of gold sold".... I thought it would be good to repost. Obviously the gold price has fallen back a bit but most seem to expect this to pick up in H2.

Regards, BB2.

Morning Obstando,

Which part of….

(less any discount code that can be applied)…

do you not understand?

BB2

With HB, you get the second product for a penny so in effect you get 120 gummies of 15mg for £100 compared to 30 gummies of 25mg for £44.99 (less any discount code that can be applied).

Looks to me like this market is a bit like Dominoes Pizzas. Products are individually highly priced and you then need to see what discounts/deals are available.

Already a pretty saturated market (along with the Oils) so I don't attach much value to it personally.

BB2.

Morning,

What is the latest position on the outstanding 3% of land purchase. The last info that I have seen states in the 11th Aug RNS...

The Project has been significantly de-risked by the purchase of 97% of the land....

Is the remaining 3% required before construction can begin?

Been wanting to top up here but been waiting for confirmation of 100% of land now purchased.

Regards, BB2.

Afternoon Tobler,

To be honest, I had forgotten the first line..... The Group's rollout of Chill-branded CBD tobacco alternative product continues with speed and scale.........

However, I do question the "speed and scale". We will have to wait for the next update to know what this means exactly.

In the interim, I think it prudent to work on an existing store count of 2,500 with no new stores being added. As such, using my previous assumptions (based upon my research) of two units per day being sold per store with 50% margin equivalent to approx $5 per unit. This would provide revenue of 2,500 x $5 x 30/31 days x 2 units equivalent to $775k (July) $775k (Aug) and $750k (Sept) so Q3 revenue of $2,300,000. So on that basis we would see Q to Q revenue growth from $2m to $2.3m. Despite there having been no sales confirmation since 1st July, hopefully such sales (or higher if as you suggest new stores are being stocked) in October when the Q3 sales figures are reported.

BB2.