Member Info for Bridgedogg1

Ok so having done more research I now understand that the 'extracting of saleable gold from the loaded carbon' is actually the core componant of the operation, not in addition to. Therefore the operation doesnt have much of the technical specialist equipment it requires to produce gold. If fact all it does have is 2 huge piles of dirt. How can they have released produciton guidence for May 2021 when they dont even have the ability to process the loaded carbon? What am i missing here?

I see comments like 'the share price is low' and then i look at the £28m mcap and i think low relative to what? Previous share price? Certainly not valuation.

Having read the Shard report for the 6th time what struck me was how cautious they were with their price modeling.

23p fully diluted based on:
--Conservative multiple of 3x EBITDA at the lower range of sector valuations (2-6x EV/EBITDA)
-The underlying EBITDA metric is the mean of 2021-2023
-Tingsten prices $260 and Tin prices $23,000/t for 2021 before descending to $20,000/t
(supply shortages for both)
M-ore cautious view of production ramp up vs company modelling/guidence
-Assume high current costs
- Doesnt take into account probable refinancing

"These numbers are of course highly contingent on WRES meeting forward production targets."
"Our valuation and target are purposely cautious, but we will review our assumptions in response to improved production performance."

So the 23p valuation isnt 'if everything goes to plan' but has some negetive assumptions built in, which is promising. I'm looking forward to the Shard modelling being updated as quarterly production figures improve.

The SP has been flat since placing. Am I walking blind into some ongoing argument? What’s that over there?
*runs off while backs are turned*
.

People like copying article that are years old relating to other companies to infer immediate news. Here’s this companies RNS:

The work programme for the current Initial Period of the Chuditch PSC includes an obligation to reprocess 800 sq. kilometres of 3D and 2,000 kilometres of 2D seismic data in the first two-year period. Subject to satisfactory results from the 3D seismic reprocessing, the subsequent commitment is for a minimum of one well to be drilled in the third and final year of the Initial Period of the PSC, effectively a 'drill or drop' decision to be made by 19 December 2022

In order to effect the Earn In, via the Amended SHA, Baron has agreed to make a payment of approximately US$1.2 million towards the Chuditch PSC work programme. In addition, Baron has agreed to fund all future costs associated with the Chuditch PSC until the end of the FCP in November 2022, estimated to be approximately US$3.5 million including the aforementioned payment of approximately US$1.2 million.

The Board expects that the 3D seismic reprocessing work under the Reprocessing Agreement will deliver data 7 to 12 months from commencement.

The final uncrossing trade was 8p but the sp is 7.9p so it shows as 0.1p down at open, with no trades.

This company is pretty much worthless now. Struggling to understand the current MCAP.

Feel like we’ve hit a floor here, strong buys on the Ask (placing price) and positive news to come.

I read that due to high tungsten prices buyers are putting off buying which might cause a squeeze later in the month.

From what I remember no timescales were given for the water fix. Any thoughts on when we can expect to be notified?

Feel like there is now bit impatience for the gold pour, as the SP is near the all time high it is drifting down until next news. Investors also nervous over the recent mention of a raising which i think is a bit overdone. Just need to shake these off to push above 15p. Should be a very exciting Q3 and i intend to top up on any weakness..

'FOMO Friday'? Fear of missing out on the 3d results due in 6 months?

So the placing agent took up 235m shares so they would get the bonus 99m shares. Just amazing skulduggery going on, the BOD obviously happy to destroy shareholder value to get the monies they want. This now has the largest share overhang in history so not much chance of it going north for a few years. In the meantime the BOD get paid plenty to turn £7m lump sum into a possible £1m / year which should justify their salaries. SIt back and relax.

Basically using the retail following of BPC to dilute shareholders and start a new company.

People don’t seem to have read/understood the announcement. 700m shares have been taken up by shareholders and they are going to try and place 1.2b shares at 0.35p. They don’t yet have a buyer yet. It will be announced tomorrow whether or not they managed to flog them overnight. As there is no discount to the current SP it will be a hard sell. Atleast a good chunk has been raised, sufficient to spud Saffron.

The only need to raise sufficent to cover the Saffrom drill which is covered by the already announced fundraising and OO take up. I expect another raise will be done at a leter date when 'markets improve'.

Whats left on the Atlas notes please? Would be hepful if they told us the balance at each conversion.

PBE007 - basically when the share price of a share you hold/are ramping goes down you shout 'MMs are playing games' 'MMs collecting shares' 'MMs want these' etc. etc. If the share price isnt moving on news when you expected it to you shout 'MMs are holding this back' 'MMs wont let it go' etc etc. If the share price goes up but then falls back - refer to first point.

In reality most of it is automated and where it isn't the MMs move the price to where the most trades are - supply and demand - so that they can make money.

I see the misery loves company crew are still trying to ramp the idea that amazing news (that only they know about) is just around the corner, ignoring any of the contents of the actual RNS. A breakout could have moved this to 0.15 before it fell back but didn't happen - still in trading range and will move back to 0.06 in due course.

What kind of payment are we hoping for on the Ombrina Mare dispute?

True Daz but its not much info to log into the database when the license and Future are already on the system, I would have thought that any outstanding would be completed on the same day but maybe im wrong.

"· Kodal confirms it has finalised the changes to the previously lodged Feasibility Report and will file this update with the Direction Nationale de la Geologie et des Mines ("DNGM") in Mali imminently."

Still hasnt appeared on the Mali Licensing application system which is updated daily. Frustrating.

Goingunderground - thanks so much. That’s kind of what I worked out, so the figures are good and all to play for as the grade and volume increases. Then there’s the tin on top of that.

Ok I’ll go back to the staring board, I’m obviously not understanding something obvious about the figures.