Member Info for Billyboy2fromiii

Blue,

z-cars did not offer Chill smokes to a non-smoker. He/She offered it to work colleagues as he/she was a non-smoker him/herself. Quite an important difference. I am also a non-smoker. I have receive sample packs from ZOE which I have given to others (obviously smokers) in order to get feedback.

Morning Blue,

z-cars bought a packet to get research from other as a non-smoker. I welcome that.

Asking about the health warning was genuine as far as I am concerned. I have been asked about this from two people that I have give samples to. On that basis, I feel it is a genuine question. So, until proved otherwise, I do not believe the post to be "patently ludicrous". Obviously, I stand to be corrected, should z-cars ultimately prove to be a "troll".

Returning to Chill in the UK, do you have any input to my two questions regarding the selling of Chill in UK stores and the passible Duty Rate that may apply to Chill? Interested in your thoughts.

Thank you for engaging, BB2.

Cont...

There are five different Duty Rates;

Cigarettes
Cigars
Hand Rolling Tobacco
Other Smoking Tobacco and Chewing Tobacco
Tobacco for Heating.

Does anyone have the knowledge on whether Chill smokes will fall within the "cigarettes" Duty Rate?

BB2.

Morning Vas,

My thoughts too. The gang on here do not like to welcome any comments from anyone else......

However, z-cars does raise an interesting topic. I assume the stated health warning on the packets is due to UK law, it must be otherwise it would not be on the packets. However, the packets are still "Chill branded" whereas "normal" cigarettes are not allowed branded packets (sold in plain packets etc).

So two questions.....

As such, when sold in UK stores, will Chill smokes be allowed to be sold from point of sale cabinets on the shop counter like they are in the US? Or will they have to be locked away out if sight of customers in the UK, like the normal tobacco cigarettes? I have raised this question to the Company and am awaiting a reply.

Furthermore, will the Chill smokes fall under the UK Excise Duty for cigarettes, whereby a significant portion of the retail price is actually tax? My initial thoughts on this was no, as the Chill smokes do not contain tobacco. However, looking at the various different "Duty Rates" there is one Rate for "cigarettes" which doers NOT mention tobacco.

Morning z-cars,

Well I will treat you as a genuine poster until you prove otherwise.

Firstly, thank you for your post. I welcome anyone that is helping spread the word by buying smokes to pass to family and friends etc to try. However, you say that you bought only one packet. May I ask which packet did you buy, Hush or Mint? I, and others on here, seem to be getting different feedback for the two different "flavours". Comments on here seem to (initially) favour Mint over Hush. I would respectfully suggest that you may find it better to give out one of each "flavour" for your family and friends to try both. You may find that where one "flavour" is not liked, the other is. Just a suggestion. Should you decide to do this, please share your research results.

Thank you for posting. Apologies that your efforts have been instantly dismissed by some.......

BB2.

https://www.londonstockexchange.com/news-article/CMRS/jubilee-metals-group-option-agreement-update/15055825

Mikie,

I will go for a (hopefully) very conservative 2,077.

BB2.

https://www.londonstockexchange.com/news-article/CORA/investor-webinar-event/15053870

BB2

441,

Thank you,

Could you post a link for here onto the Telegram group please.

BB2

AG,

Are you aware there is a Telegram group set up for Cora?

BB2

Hi AG,

Thanks for reply. I added second post at same time. I am thinking of adding substantially to my holding here. From past experience the time to be in is the build up to production rather than immediately post production, so just looking at things.

Just looking at your post.I believe the CLN is issued at 30% premium to the equity raise (8% discount to previous 30 day). On that basis, it is the sp after DFS is issued and the equity component is raised that will, in effect, determine both share issue price of both. I certainly agree (hope) that further good drilling results and the general de-risking as DFS is worked towards and achieved (Q4 2021 should see the sp move higher from the present. As such, this should result in lower dilution that my basic figures suggest.

I have high hopes for Cora, just trying to work out how high!

Thank you for your reply, good luck.

BB2

Hi,

Just some basis calculations, assuming current sp of 11.25p, the $6m (£4.3m) equity raise with 8% discount (10.35p) would see approx 41,500,000 share issued.

Again, assuming current sp of 11.25p, the $5m (£3.6m) CLN with 30% premium (13.45p) to equity raise would see approx 26,750,000 share issued.

So existing 246m shares add 41.5m add 26.75m shares would see a total 314.25m shares in issue. Obviously a higher sp following DFS would see (hopefully) significantly less shares issued than the above 68.25m figure to raise the $11m combined equity component.

An6 thoughts ?

BB2

Morning,

Existing shareholder from a few years back. Bough5 in between 5p and 8p. Anyone got their calculations of how many shares are likely to be issued once the full funding is sorted, assuming the existing 21m package goes ahead following DFS.

Also, any assumptions as regards where the sp could be when in production?

BB2

Good afternoon Fred,

Nothing useful to add, again!

For the record, I added one buy on Wednesday (46p) and five buys yesterday (49p or just under ). Will hold these should the sp stay above 40p . However, will sell these (at a loss) should the sp drop to 39p or under. In my opinion, all depends upon the additional trading information that should be included in results RNS on 26th July.

BB2

Bellers,

You can now buy on HL at 49p.

Tobler,

Cannot buy £500 on HL, can sell at 48.66p.

BB2

Hi Vas,

My reference (not sure about other posters) to 48 is taken from the RNS that stated capital was being raised to buy the cabinets and that RNS stated each cabinet held 48 Units). However, I do agree that the photos that I have seen in photos do appear able to stock more than 48 items. I am happy to use 48 as a guide as I feel that would be a reasonable initial stock level for a store to take.

Obviously agree that all stores will be different with sales of both products and flavours differing. I do not think we will get that level of detail (ever) so we will have to use averages to do any assumptions etc. Think about Fevertree, they just say revenue received from Off Trade and On Trade. They do not say how Many cans have been sold and how many bottles have sold. Nor do they say how much Aromatic flavour has sold compared to Elderflower flavour.

I assume the shops where sales are high are the ones that have rolls (5) of pouches and cartons (10) of smokes on the shelves ready for restocking the cabinets. Obviously where sales are slower they will restock more slowly when the cabinet begins empty.

So basically, the 48 is a guide only.

BB2

Bluerill,

One final thing, ...

You think I am "inappropriately conservative....."

Well, as you can see, I have just posted my "realistic" expectations as regards Q3 store revenue.

So lets us (both as shareholders in ZOE) hope that in October, I am acknowledging you opinion of me and toasting store revenue of lets say closer to $5m for the quarter. Should that be the case, then I will certainly be adding to my holding, perhaps significantly. If so, I will even raise my short term (6-12 months) share price target above the current 80p.

Thank you for your engagement today.

Regards,

BB2.

Bluerill,

As I have stated, I am not expecting much additional info in July for period to 30th June. Unless further sales are disclosed then I think we already know the basic figures. I am therefore looking towards the October update for the period to 30th September.

Based upon sales in Q2 of approx $2m, I am expecting...

sales for the stocking of 1,800 stores (600 per month) of $4 x 48 x 1,800 = $345,600 ($115,200 per month)
sales for restocking 3,000 stores in July $4 x 2.3 (based on your figs) x 3,000 x 31 days = $855,600.
sales for restocking 3,500 stores in August $4 x 2.3 x 3,500 x 31 = $998,200
sales for restocking 4,000 stores in September $4 x 2.3 x 4,000 x 30 = $1,104,000

So, I am looking for revenue of approx $970,800 in July, $1,113,400 in August and $1,219,200 in September totalling $3,303,400 for quarter 3 (July to Sept).

On that basis, if I can see Q2 store revenue of $2m and Q3 revenue of $3.3m then I will be happy to add further to my holding. Equally, store (significantly) revenue below $3.3 for Q3 then questions will be asked.

BB2.

Sorry Bluerill, we obviously do not agree. Really do not see that we are running at $1m ahead of expectations. Without this then the original stock would still be being sold. Personally , I am happy if currently selling at two items per store per day. I do not think we will glean much more additional info in the first quarter update and am waiting till the second quarter update in October to really see how things are going. We do not agree on this so best to leave it there.

BB2