Member Info for booboobooboo

Thank you,

Zumore

New poster Radagast guesstimated at least 20% profit margins on the RGM/LH coal JV, i will also have a guess. :) With 4 months now gone my guess is this coal joint venture is losing around $600,000 each month.

Lots of varying opinions. I guess one day we'll find out whether it's profit or loss making. Though the way Bell is acting everything indicates to me it's loss making. Even protecting himself from Winnifrith by flying over to Greece and creeping around Tom by trying to care and ripen Tom's olives. https://www.tomwinnifrith.com/articles/14236/photo-article-from-the-greek-hovel-the-olive-harvest-underway-andrew-bell-in-action

This is seriously concerning me,please can you provide a breakdown ,thanks .

" my guess is this coal joint venture is losing around $600,000 each month. "

I would like to think MOD SP would be higher than it is today before doubling the amount of shares in issue to raise this $60m ,meaning we would be something closer to having a 19% holding from 25%.

You will also have seen the travesty in the RRR Annual Report where the BOD subscribed for $400,000 of loans with Amulet Diamonds way back in July and didn't bother to RNS it at the time. Just put a small para in the Annual Report just now in Nov. Imho, an appalling state of affairs. Just a callous disregard for shareholders imho

Sorry do you mind explaining that in a little more detail.

So if you are right failure for MET will have far greater consequences for RM and its shareholders than we previously thought .

Its hard to imagine any profit on 1 shift per HW this will needs to change before the 3rd June loan deadline .

The real question is how long can RM test shareholders patience by not publishing profit forecasts .They have some how managed 3 months but would shareholders tolerant 6 months?

A big cost for MET has to be the 3rd party coal they need to purchase to blend with their own coal, this could represent 20%,30%,40% ,50%? depending on what the ratios for the blend are.

Plus the land owner isn't letting them dig up his land ,leaving lots of dangerous holes and taking all his coal for nothing.

A big cost for MET has to be the 3rd party coal they need to purchase to blend with their own coal, this could represent 20%,30%,40% ,50%? depending on what the ratios for the been are.

Are you suggesting we have taken on 70% of the risk for 47% of the gain?

LH can afford the time to turn this around if indeed they can , RM can't I think thats the key difference.

On a positive note can we not also move on to mine some of the assets we bought off SM now that we have HW's.

Of course some remember another record breaking Andrew Bell performance when he quickly lost around 2 million pounds by investing with Stephen Mosicicki during 2016-17.

LOL

If your figures are correct ,we could see an "Oracle" style fire sale all over again 5 years after he last gambled himself into a pickle.

Personally we could always sell our holding to LH

I think they will extend the loan.

I might be wrong but based on WC last raising our holding is worth £350k not £400k.

Zumore ,where are you getting the 2-3% margin ?

Bonker ,do you ever get tired of yourself?

Zumore,

well its nice to see someone making an effort to try and construct a breakdown of costs.

We need MET to make around $3m profit after 9 months trading to clear our loan otherwise some of our newer shareholders are going to find out exactly what a "Good Rodgering" really means!

I would like to think T20 and NPF being close to surface would be MTR biggest positive ATM.

"Also if a HW shift is only made up out of 3 people what are the other 69 employees doing and what are their energy costs."

Worth thinking about that one, I will be very interested in further estimates,thanks.

Radagast

I agree with that but I suspect the hire cost might be more like $500k a month,management /directors might be earning more than $45k and there is a local 5% tax too.

Also if a HW shift is only made up out of 3 people what are the other 69 employees doing and what are their energy costs.

Don't we sell some blended coal too, if so what are out costs for buying this blended source?

Wont the land owner want some money too seeing as all the coal is his?