Member Info for BSmonitor

Chrisp your ignorance and prejudice is in full flow. I don't know any green box that has argued against OP being worth 50 million. My own estimate back in Jan was in fact higher than DC but not so ridiculously. I doubt anyone disagrees that the assets if realised would give a significant multi bag. It's the over expectation, missed delivery, disingenuity of the management that brings into question whether they are capable of realising these assets before dilution is required and this underlies the SP. Grow up, you sound like some gullible, forelock tugging MAGA supporter.

Ana says:-

"..The **cut-off grade** is the minimum amount of valuable mineral or metal in a rock that makes it worth mining. Anything above this grade is profitable to mine, while anything below it is not. It has nothing to do with the ownership or profit sharing ratio of the asset. I am not sure why he finds this very simple concept of cut off grade"

Seems he can't even understand his own posts. He previously used the cut off grade to determine production costs and stated this INCLUDED 3rd party profit. Chri5p backed him up with the caveat it may not include any bonus.

Another thing is ...according to Ana's email from the co, they cannot give us an update on Luansobe because of NDA's. If this Facebook networking post does relate to Luansobe then this info is in the public domain and the company is not being truthful.

Bottom line is Ana estimated a monthly income closer to 15 million whereas, back on planet earth, DC's info points to a value just over 3 million.

Interesting find DC, brings a sense of realism and this alone would give a very handsome income hopefully distributed to shareholders. Note though that

as well as the 1k discrepancy already pointed out, GLR has a 75% share of the asset.

I wonder how Ana reconciles that with his 15million per month (his was also a DCF value which means his monthly income was even higher) due to GLR for OP alone that he asserted when we had an exchange in January. He and Crisp were adamant that costs and 3rd party profit share were all included in the 0.25% cut off which clearly contradict your post, hence his pie in the sky value. It would be nice if he was correct but I feel it was just hubristic guff based on his misunderstanding.

15 months since Luansobe open pit license was granted. Last we heard many months go was that they were exploring options ... it would be nice to know if they have actually come to any decisions.

Agreed this should ten bag at some stage. The question is when...if this gets diluted we will ten bag from a much lower SP...this is how AIM works.

We then get a follow up about Ana's magnificence and his simple mathematics. Unfortunately he is rather rubbish at maths and relies too much on regurgitating chatgpt without understanding.

You couldn't make it up. Crisp moaning again about moamers and his fetish for Rachel Reeves. Talk about bland...we then get an essay on his magnificence. Thanks so much for sharing.

The irony..most of Crisps posts contain moans about moamers. You owe it to yourself to just filter and ignore.

Lots of pom pom drills today, just comfort food ... where's the meaty news?

PUTUP...if you didn't sell out when you said (15% above your fair value estimate) then aren't you asuffering from retail giddiness too?

Another week filled with comfort food

Been off grid for a while, so apologies for the delay in reply Casitron to your question...

"...but why do you feel an RNS is obligatory given the company web page states “Plans are under way for the development of a shallow surface open pit mine” "

On many occasions the company makes statements about "plans to...." and repeat the statement over long periods, sometimes years. Such statements which provide no timescale generally don't impact the share price. On the other hand if mining operations have commenced, by which I meant extraction and offtake contracts secured and in progress, this would certainly impact the share price if made public. Under AIM disclosure rules if any info may affect the share price the market must be notified.

However Data made a good point that the satellite images indicate work is in progress but this could just be preliminary preparation and appraisal in which case I agree the market was already informed and no further RNS is required.

FAO data.. appreciate your comment about pro-actively searching out info, but it is very rare to find anything directly related to the Co which is not generally known. By direct, (I exclude macro stuff , and general growth/interest in the locale, which ok does have some bearing and is reassuring but it's just comfort food. Your research and finds are always high calibre.. in this case you have shown that things are actually in progress rather than just intentional with no given timeline

Thanks Data. If mining operations are stating, this will have a material impact on the share price and the Co are obligated to notify the market.

If there is an offer on the table for Kamativi, then it would affect the share price if made public. What sense would there be in signing an NDA in regard to an offer? Surely this would preclude other competitive offers. Any info that would affect the share price must be released in an RNS.

Hope you are correct.. imo this or kamativi will provide near time security. Hope I am wrong but the messaging from Luansobe is so vague, complex and contradictory ... I don't feel the management are so overwhelmed with outstanding offers but rather they are struggling to get a decent offer where they don't have to commit resources we do not yet have.

Let's see where we stand with PUTUP. His valuation statements and position have been quite clear. Also his statement earlier to counter BS. If the price rises above 200p and he is still here, well ok, with a person of his knowledge he is a sleazeball. On the other hand if the price readjusts after the pipe opening exuberance then fair play to his efforts to bring some realism.

PUTUP...I thought you said 150p was fair value pricing in pipeline restart and receivables recovered. You also said you had a target of 15% above fair value ..so around 172p you wil sell out?

Cash burn statement in the report will also be telling, as will the statement on going concern basis.

At previous cash burn rates we will run out of liquid assets within 12 months or so, in which case, to retain a going concern basis, the Co will need to be confident of some new income via sale or JV. If operations and cash burn are wound back strongly to preserve cash then the risk is raised.

It's all well and good saying we just sell one of the non-core assets in some fire sale, but the big boys aren't stupid and will leverage the financial strain.