Member Info for Bolgas

Evening bonks

Think people need understand the revised economics, they now have a much larger stake in exploration then in production, effectively 38% or so with MOD. I’d ignore the bonus shares as they are only effective upon certain conditions such as sale, that’s not happening anytime soon.

Additionally they have a 50/50 JV that could be quite something in the near term, make a hit on drilling on these licenses next year this should explode, specially if MOD get their act together which I expect now they have a dual listing.

I expect MOD to raise funds next year, not rocket science, with MTR following shortly afterwards. In order to do that they will need some success on drilling, I don’t belive they are really trying as hard as they could right now as they need good news flow to get placings away, that’s the name of the game for all companies that have zero income.

Digressing, I agree with your valuation assessment as such but there has always been a big element of potential prices in here, get a hit or two on new prospects this will be flying north of its asset value faster then it sunk, imo.

For now, looks to me traders are waiting to see who blinks first for entry.

I have followed bigMJ for a while having been invested in a few shares he is also, he appears to be quite a genuine holder and does act in best interest of himself and all those invested. There’s nothing he has done that would give me concern. I’d say if he says he’s holding then he is doing just that, he hardly need the money, what he’s got here is peanuts in this grand portfolio.

As for contacting companies house that is completely wrong, they will not have your answer. The only way of checking is thebshare holder register that the company holds and anyone I believe is entitled to view the register, never done that personally as I don’t believe it will ever show true going’s on, shares lent out etc etc.

Shorters generally sell and buy keeping risk to a fair minimum, specially during low volume trading, doesn’t take a lot to dump out town are a few sellers.

As for my investment I sold out after buying back in at around 2.5p for a small loss, price didn’t look strong even though sprott was loading up.

My reference of saying if I held was purely on my experience of investing over many years, I’ve been in dark places with investments many times not selling when I should of done and hated being under water, however selling near or at bottom for share price to catapult shortly afterwards is even more annoying, that’s why if I held now I’d stay the course as there should be (if you believe in the story then you should believe) positive news flow early part of next year. I’m investing terms a few months is nothing, if you are a trader then it’s a lifetime and you would have already dumped.

I believe there’s good value now, just not at the right time for me to invest, rightly or wrongly. I sincerely hope this is back at 2p come new year for all.

For the record I’ve been down 60% plus on investments for the share price to ten bag soon afterwards, all part and parcel of this casino. Of course you need the right news for that to happen, there’s enough prospect here for it to do so from here one would hope.

Good luck everyone.

I’d question those recent drill results, they really didn’t need release those as they are pretty poor, it is not however the complete story.

Whatever the cause of drop in share price and where it is headed short term is really anyone’s guess, this could drop below 1p likewise it could bounce strong tomorrow right back to late 1’s, it’s one of those stocks for now.

Reading latest report there’s a strong period of news that’s coming in 2019, maybe that’s real reason for drop as investors have heard it all before, trust is very important with any PI driven share price, loose that trust share price will tank. It does serve a purpose, clear out the old stale bulls and refresh.

“As demonstrated in the T3 region 100km to the east, electromagnetic (EM) data of T23 Dome suggests the Kalahari host sequence may occur within a number of well-defined domes and folds at shallow depth, below the entire 390km2 of the EM survey area interpreted to date. A substantial drilling campaign is planned for early 2019 to target some of the most compelling domes and structural targets in the T23 Dome area.”

2019 for good news flow then, problem is that could be latter part of Q1 or Q2 as we know speed of assay results are as poor as they get, 2/3+ months without news is deathly here on casino AIM, if I were invested I’d switch off and reassess situation late jan, just my opinion no advice intended.

Good luck everyone holding, I’m sure 2019 will be a much better year for those brave enough.

Games being played here, that £10k red print is a buy, order being filled perhaps.

Hopefully game changing news early next week.

Excuse my phones corrections, energy storage is one, I’m sure everyone can make out the others.

BS Pension scheme was a fitting set of initials for notifications.

We have no actual idea of what he’s sold, the Redt shareholder page wasn’t updated correctly following last fund raise, the last reported holding was correct fund raise prior.

I’d been checking on his holdings for a while as he’s been very supportive of the business throughout. Further someone commented on the other board that Mr Millar hasn’t been following rules with notifications if holdings, that’s not true.

It appears to me it’s the company who are withholding information, anyone can check directly with BS pension scheme and if John Ward wants to clarify I’m guessing the company new exactly what and when he sold. I had queries a large sell long while back when every storage was being broadcast over national news, share price sent shift as a single seller dumped at that time. I’d say that had to be one of the major shareholders and again imo the company knows more then they informed shareholders.

Come to your own conclusions why, better still email them for clarification.

Name another minnow that a director has purchased £300k worth of stock and only shifted share price by less than 9%. Or putting it another way in excess of 3% of company.

Absurd lack of value attributed to assets, we could be looking at an NPV in excess of $600 million fully funded to production valued at less than cash value today, even more absurd the near term prospect of REE prices rising rapidly with increasing demand and rising usage across many new products, such as electric cars and green energy.

Rising REE prices could easily push NPV beyond double that $600 million, market needs wake up to this investment that is brexit proof. Tremendous value down here, small free float with an impressive list of significant holders.

Ignoring other assets, what an opportunity.

This would have been a much better link, lol;

https://www.cargill.com/story/3-cargill-innovations-that-support-healthier-diets

No, they owned around 11.1% at 16/10/18, they helped get business to its position today and will using those funds to help the next Opti progress.

Normally when the issue a TR1 they are done with selling at this level, let’s hope that’s true and when next price of news lands we can progress. I suspect the large trades the other day are reason for threshold being crossed, all done in an orderly fashion.

I assume the company is this below, I doubt they will let this opportunity go elsewhere, I expect number attached to this deal when confirmed:

https://www.cargill.com/animal-nutrition

Well remembered, here’s that agreement;

OptiBiotix Health plc (AIM: OPTI), a life sciences business developing compounds to tackle obesity, high cholesterol and diabetes, announces that it has entered into an agreement with a global corporate for its SweetBiotix® low calorie sweet fibres. The agreement sets out the terms and grants exclusivity, for a period of six months, to negotiate a license agreement for the scale up, manufacture and distribution of its SweetBiotix® low calorie sweet fibres. OptiBiotix will receive monthly payments during this exclusivity period amounting to a six figure sum.

The company is a global supplier of nutritional and agricultural products to companies around the world with an annual turnover exceeding $100bn. The organisation  requires its identity and the terms of the agreement to remain confidential and no further details can be disclosed. A further announcement will be made in due course.

You are missing the point, if China exports via amazon or eBay its highly unlikely they will be paying taxes, further their postage is subsidised by us here in UK.

If our high street businesses import from China they have to pay appropriate import duties and pay appropriate taxes on sales and profits.

The high street is struggling, there is no hiding from that, if our government acts fast or there’s a swing in consumer spending;g habits swiftly it may recover, if not there’s no help from our government and the high street will change forever.

Good luck to you, personally I hope there’s a tax on all imports via internet and consumers realise what they are buying from China does not meet EU safety standards and in general is unfit for purpose.

It’s an agreement subject to certain conditions being met, obviously if the discovery isn’t as expected then there’s no firm commitment, however those drilling results couldn’t have been any better so it looks nailed on for next tranch being paid. Further the ground work being done here is quite impeccable, have a watch of the videos on Mkango website.

It’s a mining stock so not without risks, it is though imo one of the best as it’s uniquely funded right to production. No risk of dilution is a rarity on aim, well minimal risk as never say never but unlikely and confirmed in recent interview and cash in bank plus monies due.

Here’s original agreement:

Talaxis has agreed to fully fund a bankable feasibility study ("BFS") for Mkango's Songwe Hill Rare Earths Project ("Songwe" or the "Project") in return for a 49% interest in the Project

·    Talaxis will invest £12 million (C$20 million) in the Project for the BFS in three tranches, with the first tranche of £2 million (C$3.3 million) invested on receipt of regulatory approval

·    Talaxis will also have the option ("Option") to acquire a further 26% interest in the Project by arranging funding for Project development

·    Talaxis may also acquire up to a 49% interest in a new venture to be established by Mkango focused on neodymium alloy powders, magnet and other technologies, including Mkango's collaboration with Metalysis, by investing £2 million (C$3.3 million) in two tranches

·    Upon completion of the above investments, Mkango will retain a 25% interest in Songwe, free carried to production, and a 51% in interest in the new venture

·    Talaxis and Mkango have agreed to cooperate as preferred partners on rare earths projects worldwide and on other projects in Malawi

It’s £7 million plus £1 million that will soon be due, £8 million in total, it’s as much as our market cap!

Here from rns:

By investing a further £2 million, Talaxis will acquire a 49% interest in Maginito Ltd, a new subsidiary of Mkango focused on neodymium alloy powders, magnets and other technologies. This includes the collaboration with Metalysis Ltd announced in September 2017, which is focused on advanced alloys using neodymium or praseodymium with other elements for permanent magnet manufacturing. Permanent magnets are critical materials for most electric vehicles, direct drive wind turbines and many other high growth applications. Neodymium is a key rare earth component at Songwe. To date, Talaxis has invested £1 million for a 24.5% interest in Maginito with Mkango holding 75.5%.

KRSS,

All politicians are clueless IMO, none have business acumen that is needed to run a country for its people, look at the US now they have a leader who knows how to do a deal, Trump is not so stupid to realise all the money from US is being fed directly into the Chinese economy with nothing coming back in return. I’ll exclude the debt the Chinese buy out of the money they have syphoned from the west.

Think about some of the policies adopted by the west, there’s plenty of dumb ones but I’ll pick up on the free (almost) postage that China benefits from when sending a package to the west, it’s tab picked up by us here in the UK, or US as they are an emerging economy. That’s clearly ridiculous, the Chinese economy is the second largest in the world, benefiting from our contribution. Many here cannot compete with Chinese imports that do not adhere to UK rules and regs and majority do not pay the appropriate taxes either, choosing to commit a criminal offence by entering false information in order to avoid taxation.

MA although successful cannot single handed save the high street, but whilst you can buy something on amazon direct from China, delivered to your door, cheaper then we here in the UK can post it says there’s an issue. Further without proper taxation being paid it is a complete unfair bias towards those exporting. This amongst other things, such as business rates, needs addressing in order to save the high street.

Trump was smart enough to realise the how these little things impact significantly to his people, he’s tackling head on and whilst many don’t like his approach, imo it is about time politicians put their voters first and other counties interests second, or create a level play field for all.

Market isn’t getting this, that’s a director but of 3,333,333 shares at 9p - £300,000. Okay he’s paid £80,000 today with a further £220,000 when he converts, either way that’s a huge buy and one market should really be taking notice of.

Not only have we director showing huge commitment, we have ootstandimg drilling results, millions cash in bank, further huge milestone payment almost nailed on that combined with cash in bank exceeds our market cap, to top all of that we have a single project that is fully funded to production (subject to conditions) that appears nailed on worth well in excess of £300m.

If this was another ramped stock it would be trading in the 30/40p range today, this deserves to be there based on quality assets, quality BoD and its unique funding.

If MA was to sell he’d of done so when purchasing HOF.

He’s keen to see a revival in the high street that includes Debenhams, a weak share price doesn’t help that situation and a failed debenhams means a weaker high street for his own empire. What he has here is insignificant in money terms, he will hold and I hope the government acts on his suggestions of creating an equal (ish) trading for all by imposing a 20% import tax on internet transactions.

They won’t as they are clueless politicians who are more intent on creating wealth for richer counties such as China, whilst our businesses suffer or the high street fails as a result.

Let’s hope mug punters who buy online finally get fed up with Chinese crap fake imports before the government acts, race on.

I sincerely hope Debenhams succeed, likewise I hope for a government who acts for its people (like Trump does), although many here likewise government politicians do not understand the importance.

expensive? Cheaper then slim fast yet a better product.

Need also remember as with anything in manufacturing more you make cheaper it is, today this is incredibly cheap considering advancement.

Should have a few announcements who will be stocking these products ready for new year, they will need be announced early December imo. That should wet investors appetite.

Hi mike

It’s actually cheaper then that in the report if we assume that’s a 60/300 unit they are quoting for.

I still can’t get my head around how they’ve come to that cost, unless redT have made a real discovery in terms of electrolyte. The previous known price was substantially higher then that fully installed figure.

Believe they had contact with Jersey a short while back, no idea how or if that progressed to quotation.

Looks like Bushveld will be renting electrolyte latter part of next year, assuming samples sent are acceptable, that could be commercially awkward for everyone specially with thier links.

As for cost of Redt product as I see you ask on another forum, it’s meant be $495 kWh, however the fully installed cost is near on $800/900 kWh although I suspect that’s now much higher hence no Gen3 price publication.

They need a rental agreement or a tie in with a suppler to make this work short term, saying that if Vanadium continues it fall miners will be falling over themselves to get an agreement sharpish. I know which way I’m betting, for now.