Member Info for Bullishbearish

The admin expenses will have gone down as the new off taker has to cover all costs going forward so not sure why you think it will continue at the same run rate?
You are also assuming we do the 4000 and not an increase on those numbers too, the economics must therefore change for the company going forward.
Surely if its basic admin costs ie wages for board they wont be anywhere near 70k a month ,therefore you would think at 4k a month at least 50k would go to the bottom line as a worse case scenario? and if they get production levels higher then its straight to the bottom line?

Green and Saus these results ended the 30th June the new board came on the 5th July so ill hold until I see what they have to say in the next month .
The old board have been useless in every way and the numbers were not good ,that said the company received 180k post numbers and had cash and if you believe them they will be making cash from next month.
As for being paid I along with many on here are to say the least well underwater ,but I certainly wont be cutting any .
Simply the co has about 5-600k cash no debt and a market cap of 2.2m if they do start generating cash next month what will be a fairer market cap ! certainly higher than here you would have thought.

Guess this is the positive bit along with the 180k they got back post numbers

Edenville and Brahma continue to work closely to ensure maximum efficiency and whilst Brahma have only been on site for a limited time, we are encouraged by their performance. We look forward to reporting on production levels and offtake contracts in due course.

Should mean no placing required

The nayslayers will be out in force dont forget these were with the old board running things not the new board who ARE making progress.

we shall see

Good to see a decent print of 75k at 11.24 after the market

I think they may well surprise us
If they did 35 tonne an hour then no reason why not is there so I am looking forward to seeing how the new operator has done .
And if they have done the upgrades to machinery it could be more
I am not expecting an update for at least another week or two as the new board only took over a month ago the did the site visit so by end of September we should have a better idea

At present, the Rukwa wash plant, which has an input capacity of 100 tonnes per hour, is yielding approximately 35 tonnes of washed coal an hour of output. There is scope to increase this yield following the completion of ongoing repairs. Management will update the market once any improvements have been made.

thats what they said in the rns

12k tonne a month based on those figures so rather than going all negative again lets wait and see ,

why would it be a miracle they said in the last update they are doing approx 35 tonne of washed coal an hour which is 420 a day based on a 12 hour day so only 10 days needed to do 4000 its not difficult is it !!

would be good if management gave us a proper update on how things are going

The market is saying there is no Business at these levels and its just a cash shell that's burning cash
I am shocked at what's gone on here no regard for shareholders
Can only hope that someone puts us out of our misery and buys us as this management are clueless

I'm not expecting an update as early as you are they took over the mine 23 days ago they did a site visit and said that they would be covering costs to get everything in working order for 2 month period then they expect to be cash flow positive .
They said they are hoping for 4k tonnes by mid sept and would update us on progress ,so based on those facts I would not expect to hear anything at the beginning of sept and more than likely it will be towards the end of the month at the earliest.

The rns said by the middle of sept they hope to be doing 4k of washed coal so why would expect another announcement before then?

I would suggest say nothing if you say your telling people to hold but its only going one way!! seriously
People will make up their own minds if they see value or not in the company

So Basically Trader your telling people to sell as you say they are going to 4p contradicts what you just told others not to do!!

fair enough could have been done off market I guess

well no trade advertised on the market on either systems that I've looked at seems strange that its on here?

im looking on fidessa and bloomberg cant see anything

what are you looking at ? theres only one trade of 10k shares that I can see

Green
Some said the other day about a placing at a lower level all I was saying was that the purchase made yesterday would suggest that wouldn't be the case.

And for the record I was not saying for one minute that he was insider dealing

I thought it was a good thing to see a director buy even though it was a small amount.

Now its a case of seeing if he achieves his targets and collects his warrants at 25p in the meantime he can keep buying at a lower level if he so wishes ,and maybe one or two of the other board members