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Good that the sale has all gone through more cash in the bank
That was a movement of stock from one account to another nothing to worry about I reckon
Same drivel again I see
Mine is built ,coal is there ,buyer for the coal is there those are the facts that have been announced to the market.
Even If those performance shares were being sold it would have been done a long time ago look at how many were issued and then how many shares have been traded since they were tradable .
Perhaps you could explain to me what has changed with the fundamentals in the company?
Anyone who bought into this stock for what it can do from a building perspective unless I'm mistaken would see nothing has changed or has it?
Imho the stock is here because of margin calls and the market being rubbish in microcap stocks
If the contracts are there which the company stated yesterday they are then nothing has changed for anyone who bought into the 55p placing
Frustrated holders getting out or stopped out on margin but that gives people the chance to buy at cheaper levels if they wish
So we return from suspension
Personally happy that progress has been made with the new factory and are now operational and start on our existing contracts .
wouldn't be at all surprised if more were to follow now
The frustration from some holders over the suspension is understandable but you now have to look at the company based on what it has achieved and is about to do so its make your mind up time .
lets not forget the placing was done at 55p so investors clearly thought it was a good investment at that level let alone at these .
What makes you think that we wont be re-listing soon?
Why would you be looking to buy then if as you say the company has no coal and makes no sales ?
And no placing coming as the supportive shareholders will step up again if it was needed imho
The share price is where it is because of timelines being missed and a general rubbish market for small caps ,however you cant tell me that what has been done by the company so far isn't just an amazing achievement?
Built a mine got the support of the president and is about to generate significant sales !
Are you for real ? company said only on friday its made its first sale of COAL which it has LOTS of unless you don't believe what was in the press and the pictures for all to see!!
The statement started by saying im pleased to announce it which is in itself a disgrace
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