Member Info for booboobooboo

In the meantime, we were negotiating with suppliers for the supply of electricity, where we encountered certain problems. Since May, when we started manufacturing and since we had short-term contracts, electricity prices rose drastically. We have planned with the best bidder to conclude the quarterly agreement, ie by the end of this year. But the problem is that the current from 57 euros per MWh (megawatt hour) on the market today has risen to almost 77 euros per MWh, which can be seen on the stock exchange and the internet site: HUDEX - Price Movements - Steelmina BH "Dževad Delić.

This is a drastic increase in prices, and this new situation, as the director said, has led the company to an uncomfortable position and in a situation where there is an uncertain continuation of production by the end of September or the beginning of October.

Delić: It's not about the problems we can influence
Delić: It's not about the problems we can influence
"We consider it important to inform the public that it is not about the issues we can influence. It would simply produce at a cost of 77 euros per MWh of electricity, with loss, which is unacceptable. We spend almost 20,000 MWh of electricity on a monthly basis, so the difference of some 20 euros per MWh is big compared to the start of FeSi (ferrosilicon) production in May, when the electricity price was 57 € / MWh. It is important to emphasize that we are still in constant negotiations with the suppliers of electricity and will contract with those who offer us the best and most favorable offer - Delić emphasized.

Due to excessive current prices, some plants in BiH have stopped production, such as the Aluminijske kombinat Mostar. Companies that deal with similar activity and continue to work, unlike "Steelmina" BH is a different situation because they have long-term contracts, so price changes do not affect them.

- In the future, "Steelmin BH" will enter into longer-term contracts for the supply of electricity over the current year because we were not sure when we would start producing FeSi so we could not make such contracts. The reason is simple, you make a contract and fix the date of the takeover of electricity, and in the event of any problems at the start and the inability to take over the contracted amount of electricity, huge penalties are being paid so that this is a two-blade sword and risk in the world of business and such production where the current participates more than 50 percent in the FeSi product price - Delić emphasized.

We can't really ask for anymore atm , we now have ourselves what appears to be a very nice coal asset that may make us or break us and a very large nickel deposits too with JV partners inc individual not divorcing but staying onboard . Its going to be interesting to see what they collectively do next and to see what some of the parties we are now unofficially partnered with have to offer in the way of skills /finance raising and experience into moving this forward,may be a LSE listing one day may be not.

What I can't understand is where all the money is going to be coming from for the next 12 months while we wait to see whether we can make a profit or not.

Just wondered when we were going to be going on this short break to Bluff Mine and may be we can take in a cannabis farm visit along the way?

Have you got any dates in mind?

Noted,so where have the additional 30m shares come from?

Joe , how do you explain that they TR1-ed 100M last month then RNS-ed 91M of placing shares this month followed by yesterdays TR1 221M holding .They could only have got the additional 30m shares from the open market at a discount to the placing price .

Something is going to be happening for us and our partners (DNI + individual ) regarding Mambare eventually but I suspect a placing will be the first piece of news to arrive ,its not a case of when its a case of how big.

I am not doubting the length of a high grade zone its the width and more NPF thats going to make interesting news i.e. 004 and 005 (both holes at assays awaited status )

If they are unable to make a profit forecast but are able to produce a turnover production forecast that can only be because they aren't fully aware yet what their overall overheads are going to be and if they don't know that you have to ask why on earth did they make the investment in the first place.

The real question is who makes up the difference if they make a loss?

$45 a tonne minus a local tax of 5% so we are talking $42.5 the ultimate question is ,is that enough to turn a profit after other expenses are taken off?

Details of the Note

Regency has agreed to borrow gross proceeds of $1,600,000 (net $1,520,000) from institutional investors in order to fund a portion of its obligations under the JV. The loan will carry a 10% interest rate and be for an initial term of six months, and is subject to an implementation fee of $96,000. A further six-month extension available for a 5% fee. If extended, the loan may be converted by the noteholder at a fixed price equal to 130% of the 10 day VWAP prior to the initial repayment date/date of the available six month extension period (the "Fixed Price").Â

If the loan is extended past six months a payment schedule will be applicable and the payments may be paid in either cash or shares at the discretion of the Company. If paid in shares, the payment amount will be convertible at the lower of (i) the Fixed Price, or (ii) a price equal to 90 per cent of the lowest daily VWAP over the five trading days immediately preceding the date of the relevant payment date. The Company has the right to prepay the loan at any time in full for a 3% redemption fee, provided that after the First Repayment Date the Company may only prepay the loan if the stock price is trading below the Fixed Price at the time of prepayment.Â

So we still have 9 months

I have seen the RGM SP bounce very quickly off 0.45p at least 3 times over the last year but this time we look pretty much stuck to where we are , I wouldn't be surprised if we went down a few much notches over the next week or so before the confetti gets announced.

He may well have given up eating porkpies recently but he certainly hasn't given up telling them.

The interview looked very edited to me ,may be he was waffling a lot as a defence mechanism to avoid answering the very obvious questions,the interviewer looked pretty feed up with the same old,same old when normally he is very enthusiastic.

Interesting how in the interview Andrew mentions program/s planning with JVP and visits to Mambare yet in last months interview we were suppose to be serving them notice and that he thought we had a good legal case to take all the asset back.

This supports my theory that the combined brain strength of SK and AB was to vote against our own interests at the last DNI EGM .

In the meantime where is the money going to be coming from to support CZN further ventures ,running costs and our maturing huge loan?

As always you just can't make it up......

"That's to protect MTR's stake in MOD from any dilution effect by MOD placing for future funding"

Can someone explain to me how a fixed number i.e. 40.6m shares can have immunity from future dilution?

thanks

I thought you didn't like history ......

Option 1 notice is served ,Mambare returns.

Option 2 notice was never served and a deal has been struck with our individual jv partner involving an AIM listing

Option 3 notice was never served and a deal has been struck with our individual jv partner and DNi involving an AIM listing

Personally I am going to guess option 3 cos the only way the last DNI vote could have gone Windwards/Chris Gowers way when they didn't hold a big enough majority would have been to influence some of the larger shareholders to vote against their own interests and the only possible candidates that I can think of are RGM ,new friends of CG shareholders and our mystery JV partner/s .

So because of the way the last DNi vote ended its telling me RGM serving notice is a cover story and really they are up to something .

T23 might of had something to do with it .

"T23, a new target located 15km west of T4. A compelling target derived from the interpretation of airborne EM data and detailed magnetic data. It consists an interpreted rotated structural anomaly within the core of a larger dome structure. T23 is likely to be the first target to be drilled when the T20 Dome EMP is approved."

Its going to be interesting to find out what Sprotts new holding position is after all this.

We are trading ay about a 16% discount to todays placing shares so I am guessing that Sprott clients that took up this over subscribed offer must truly believe they have a very good chance of profiting a second time from the 5p warrants ,had they bought the shares instead on the open market they could have saved themselves £400k.

We could be getting a RNS about

"The closing date of the Sprott Offering is expected to be on or around the 31 August 2018"

or

"KML anticipates final processed survey results by the end of August 2018."

The EMP T20 Dome was submitted in mid April

Lucky nice little 600k buy for someone right at the end .