Member Info for Bullishbearish

Typical lse wouldnt let the link be posted

Yes Teaye there is a telegram group with about 170 people so the company is starting to get a bit of a following

Not sure if anyone here has the link for those interested ?

i think that once *****on is appointed then the fun starts also interesting that one of jasons mates bought stock last week and told the telegram group!

Think you know as well as I do that the mine isn't viable quicker they sell it and move in a different direction which clearly we are the better

The new investors haven't bought in for Rukwa

Good to see all the cash is sitting in the companies bank account now

Now the big two are fully invested would expect things to move quickly

You cant get away from the fact that the company has built a mine from scratch had the countries president endorse it and read an announcement stating that first sales have been made!!

Regardless of the post about a significant shareholder being in the telegram group his input and knowledge about what's going on has been invaluable imho.

The company has had a billionaire family join the share register at 6p a share so they must have happy when they did the DD on the people involved and the asset .

Its pretty desperate when postings about things that happened years ago appear

As the company ramps up the sales this will all be forgotten

There are no more excuses now for the company and as a long term shareholder its been frustrating but hopefully well worth the wait.

Sold an almost worthless Italian asset for 7.5m euro

have just banked 1m when other companies are doing fire sales to raise similar cash at massive discounts

have an 15% share in an asset that if it comes off will net about 40m after paying off the bond based on the last interview by the FD

have a renewable business that is making progress

I personally don't think that's too bad at all its more the market hasn't recognised it YET

against a market cap of about 6.5m

You would have thought a new website has correct information on it wouldn't you?

maybe it is correct!

Interesting on the new website it says this,

Current Production

The Mine is currently producing up to 4,000t per month of coal for sale and the Company is seeking to increase production up to 10,000t per month in the near term.

Should have said weighbridge needed to be verified oops

I must say the posting on this board is almost as good as the telegram group where there is a repetitive person posting the same post day in day out.

The fact of the matter is the company has built the mine has an offtake agreement, got the wash plant in place which needed to be verified by an independent competent person before any sales could be made.

Assuming that's been done then we have another week to get the RNS which people seem to doubt about the first sales being made out .

Regardless if it comes or not within that time frame with all the other components mentioned above having been done ,does it really matter if its another week or two?

Once the deals start coming through who knows

lots of talk about a Zinc asset on twitter plus we will no doubt find out soon if the coal is a runner for our new holders and if not would expect a sale as soon as possible.

This doesn't look like we have a lot of upside

Well done Ross for looking after us

Tweet about copper and another on zinc I wonder what direction we go

Says there is a podcast this weekend he says looking forward to hearing this one?

So am I then

I wouldn't expect the production levels to be anything special its about what and where we go from here now .

I think our new largest holder will be making a quick call on what do do with RUKWA if its viable and worth doing or to sell it and move direction.

It is producing albeit what was the words …a modest amount ..

A good interview suggesting that things are about to happen here quickly, he was wrong about one thing and that is how much stock is in sticky hands.

I would suggest it’s more like 75%

These guys already have things in mind for the company of that I'm pretty sure

The Coal mine we will know very soon if its a runner or not but reading between the lines it has worth and could be sold off for a reasonable amount if that's what they decide

I get the impression we will have lots of regular updates from the new Board members

I think things will move quickly here now all the approvals are out of the way

The company may or may not retain the coal asset and we have one of the best miners with the resources to do it if they feel its worthwhile.

The company is looking at other things ,I suspect that metals is the way we will go

Its a shell company and its easier for a company to come to the market by reversing into one