Member Info for Bullishbearish

My point as previously said is that the last raise was at 25 the new bod warrants are also at 25 for a reason .
IMO any further raise will need to be done at the same level which may sound odd given the current share price .
I still stand by the fact that if the repairs have the desired effect then the amount of cash thrown off should be more than enough for expansion .
My thoughts are the mine will be sold off as and when it gets to that level and they will look in a different direction

no reason for placing if they go cash positive is there

I have to say that listening to it again I am more optimistic about things coming good for us here .
I think he was holding back too

just listened to the latest podcast again
would think next few days too

Until Noel gives us the update I wouldn’t be comparing him to Rufus .
Have a good feeling he will deliver unlike the previous management, sure we won’t have long to wait before we find out .
One thing for sure is that if they do deliver we won’t be a sub 3m mktcap anymore .

Would think if the mine proves itself and they manage the 10k tonne a month as suggested ,I wouldn’t be surprised if they sell it for a decent amount .
Question is what is it worth on that basis ?

Maybe so but if they can make over 100k a month then 1.2 m cash a year against 2.8 mkt cap still looks good to me .
Plus last update said better terms on offer be interesting to see the next update.

no advice given by then way

Think that people just don't know this one YET. they are focusing on the likes of boil and others that have moved 100% plus .
This could easily do that if the update confirms what we think !
Not a big free float tightly held ,give us cash flow positive on a market cap of 2.8m with no debt and roughly 600k of cash

12 hour running day should have said

In the last update they said that after the mine was repaired etc and running at 14.87 tonnes an hour so based purely on that alone ,I would expect a min of 3600 tonne since the 11th of October when they gave that update base on a 12 running day.
I would have expected that they must have been producing maybe at a lesser amount prior to that update too as per the previous RNS.
I think they will surprise to the upside on numbers but they need to tell us asap.
Shareholders have been patient thus far, so Noel if your reading this board give us some good news please

Dont agree the warrant holders wont exercise until at least 12 imo, so a doubler still from here plus the warrant conversions will be made because the company is doing the right things .

Good to see the videos and how things are running ,and the heaps of coal they already have there

It seems to me that whatever they say doesn't make a difference in your thought process.

You have been saying they are not producing no update on the plant etc for weeks yet the company has stated this morning that they have done exactly what you said they have not been doing.

The cash they have in the bank is enough they have no debt and they have 180k coming back to them .

In my opinion they will not do a placing below 25 if they needed to and they dont, the boards package is at 25p SIGNIFICANT I think and no discount to where the last placing was.

Cash going into the bank going forward on a monthly basis and a ramp up in production could mean circa 100k a month to the company less the wages of the board and the broker and nomad fees which wont amount to more than 25-30k a month .
This could generate over 1m a year to the company against a market cap at last nights close of 2.3m
WHATS NOT TO LIKE?

One or two in this sector seem to have a bit of life again ,I am encouraged by the directors purchases ,after all you don't stick 70 odd grand in a company to lose it .
Our turn could come soon GLA we may just get our money back

The admin costs are in relation to the old board and they had the costs of running the company day to day.
As said a typical nomad and broker role is about 60k plus the ir company and the new boards wages.
If the offtake are bearing all costs then it won’t be 70k a month in costs

Well as it stands they do not need a placing they have cash they have 180k coming back and the opps are being paid by the offtaker.
The costs of a broker and nomad are probably about 60k a year plus the IR the directors wages and day to day admin not a lot.
If they start generating cash it will become clear and that could be as soon as next month
The board have their targets and their package starts at 25p ,they may decide to back themselves before those levels and hopefully something a bit more meaningful than the last purchase.
we shall see GLA

even directors buying hasn't helped

Surprised we have not much of a reaction on here or in the price
I would like to see some directors dipping into their pockets to show they believe the direction this stock is going as its so undervalued
Maybe then more PIs will follow suit

Saus ,may I ask why you are still a holder? you have been going on for months were going 20,15 now sub 10? if you felt it was going one way why would you still hold?

Now we have a one post engineer on the ground ha its classic ..he or she has been asked to post and nothing.

I still post because I have been buying ,and believe things can turn around ...If I had the same view as you I would have sold out and moved on .