Member Info for Bluebelly

They could be waiting for other news to be available to release with the quarterlies, that was expected before month end. If it doesn't come, they release the quarterlies by COP tomorrow. All guess work as normal, but I see no reason to panic. Q1 is not the game changer, Q2 should be the start with Platcro ramping up, then by Q4 Kabwe news should be starting to show some earnings.

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Until we discuss the arrival of the next quarterlies.

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It would be worth knowing that GR is making a start on them or we'll be suspended again. There's a lot of work to put the accounts together, although all the information is available. It's not like we are waiting for money from Tungsten sales, 90 days delayed.

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At present, Prem is a binary bet, we need money, either from Zim Government or from Circum IPO.
Going back to Jan 17, we were valued around £4-5m with 2.3b shares @ 0.2p. We then had the news of a placing to pay off Darwins loan notes. GR bought in at 0.19p for 105m shares. A few days later we were peaking at 0.8p with approx 3b shares, giving a m/cap of £24m.
I'm hoping for a similar effect if the money turns up. Since the event in Jan 17, we have actually increased Zulu and drilled more holes, thus increasing the asset, also we increased our stake in Circum, therefore would it not be fare to value us slightly higher due to the improved assets, maybe around £30m-£40m if we had $6m in cash (0.35p-0.45p).
The Assets are great, the big risk is the Binary bet of cash appearing in our accounts.

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Many thanks Kalan.
Will looks to buy a small stake in there @ 0.44p.

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Kalan

I've just read your post on WRES.

Regards

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Kalan, what are your thoughts on WRES, I was looking at getting some after you had mentioned them previously, but there seems a lot of complaints about BoD and dilution. Would appreciate your thoughts/TA on subject.
Apologies for O/T, but its pretty quiet here.

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Lloydyboy, that's £210K.
A major punt in an AIM company.

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Sold Jan 18 around 2.4p with a 40% loss.
Decided to buy back a small stake, as I now see Prem as a binary bet.
The $6m arrives in our account and we rise 200%+
The $6m fails to materialise and we dilute or use a Darwin type event to pay GR's salary until administration.
Feel sorry for all the LTH, I was one, buying in at 0.7p and averaging down.

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Hi Kalan, you're more often right than wrong on your TA and post well in advance. Once again I ignored it.
Sold my wifes ISA @ 3.15p to close the account and transferred some funds across to my ISA, bought 200k shares back at 3.3p. Already 10% down ( I say this laughing to myself, getting used to it.). I have now set a trade plan to buy a further 100k @ 2.85p. If it goes through - great if not I'll remain with current holding of 1.2m @ 3.05p and expect to be mortgage free in 24 months. If not life goes on.

ATB to all holders

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660K shares.
At least someone is putting there shares away in a tax free zone for improved future profits.

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The best price since around Jun 18

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Thanks BM.

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Bought 20,000 shares at 25.111p @10:47.
No sign of it.

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Investment company, Veddis Ventures, but I guess this is his personal punt.

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Vikrant Bhargava is an Indian-born British entrepreneur, and the co-founder and former marketing director of online casino operator PartyGaming

Thats a big bet!!

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Highest price since Jun 18.
It all adds up to more profitability.

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Good point MH
Either way JLP will be making £m's from Kabwe.

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Platcro cost over £8m
Sable refinery - £11m raised and £6m loan notes(debt)
Hernic £10+m
That leave around £13 for cash held, DCM including PGM rich material & Kabwe/platcro tailings & Tjate resources.

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The sulphuric acid plant appears to be be very beneficial.
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