Member Info for Bullishbearish

Green
He would be inside if there was any placing or material news flow be it up or down from the current price.
My point was that Tony put his money in at 25 and the new board has their warrants at the same level ,in my mind that is a base for any placing should they require it.
The diversification still might happen
For what its worth my thoughts are they get the mine producing as much as possible with not a lot of spend. The cash rolls in and then they sell it to move onto pastures new...we shall see !
At least he stuck a few grand in which is more than the others

Ok so no imminent placing or would be insider trading .
And as the previous placing was at 25p and the warrants for the new board are also at 25p Would suggest a clue .
In my mind Tony sticks a million of his own cash in at 25 and says you can’t have stock below that level to the new board and by the way here’s the targets to get them ,if you want any stock then go buy some in the open market.

Also means def no placing at lower levels as some suggested

At last a director purchase
Not a lot but we don't know how much money he has so I wont comment on that ..good to see though hopefully he will make multiples on that purchase

Imagine they get more than 50 a tonne then what are the numbers going to be and imagine if they do more than 6k tonne a month .
They said about 10k plus a month not long ago assume they got to that level of production then the numbers are 190k a month 2.28m a year in other words 1 year almost the market cap .
Not many companies in the market offer that sort of return all ifs and buts I know but who knows!

So 114k a month at 6k tonne or 1.3m a year not bad for nothing against a market cap of just over 2.5m no debt .
Then they have a proven asset that is more sellable for what?

Well Green I hope they buy some cant see any reason why you wouldn't unless they are inside
If I believed in myself then as new new management to buy at half price is a gift

Brahama clearly are a proper outfit , Pleased with what the new board have done so far
I think that if they deliver circa 1m usd to the bottom line then our market cap will look a lot different to what it is now!
Majority of the stock owned by 5 holders who clearly wont be selling means free float is small so wont take a lot for this to recover very quickly and even more so on positive news .
I hope the new board step in to the market given their warrant package is at 25p so to be able to buy at half price is a no brainer for them you would have thought!!

Agree Esquimo ,thats why I like the honesty of the new board, and I actually believe they know what they are doing this time.

The simple facts are this offtake is clearly with an outfit that are better than the last one they have more than enough capacity to deal with what we have .
The 4kto 6k a month should be easy enough for them so if the price goes up for the coal it goes straight to our bottom line .
They are running at 35 tons an hour of washed coal an hour in the rns and if they run at 24 hours a day which they said they hope to the can produce 840 tonnes a day so the rainy season shouldn't be an issue for continual supply.
Like some others have said this morning the way forward will be get the mine operational and proving itself then hopefully flog it for a decent sum of money, then move on to something different.
I like the honesty of the new board so far ,and as long as they keep shareholders up to date I will be happy to see how this works out.

I like the honesty this time, so we are looking at close to 1m usd with no risk or cash to be used after month 2.
I would think that if they do the numbers a market cap of sub 3m will look ridiculous in time

I'm sure the new board will be doing their upmost to get the warrants
They have only been in the job 5 mins we need to give them a chance to deliver

I also think that Tony sticking in 1m at 25 is significant
The warrants for the new board are also at 25 meaning no discount and therefore I would assume that any fundraiser going forward would need to be at least the same level or above .

Not sure why your so happy when the so called day traders are cashing in as you say? The negativity is unbelievable for a so called holder !
Not sure why you have not once said about the burn rate being reduced either which it probably has .
Seems to me that any positivity is instantly shot down (by so called holders )
The new board has stated what the plan is they have said what the orders are for and they have also signed up to a company that has cash no debt and a shed load of coal when the price has been at its highest for quite some time .
They have to deliver 4K tons then 8k and/or 1m of net cash to achieve their targets and cash in the warrants at 25p what is there not to like ?

Please explain then how the new management would get their package ?
They know what they have to do to collect the warrants and that does not mean doing a placing ,ask yourself this then
I f you was about to take up the role in question and knowing what you had to do would you first not look at the balance sheet? you would then if you took up the role think to yourself this is doable ill look forward to collecting my warrants at 25p when I get the company to the level they should be? otherwise why take the role on!!

As part of his remuneration package, Mr Lyons will receive 500,000 warrants at an exercise price of 25p each, valid for 5 years from date of issue. The warrants will be issued in three tranches, with the first 166,667 issued upon his appointment. The second tranche of 166,667 will be issued on achieving production of 4,000tpm washed coal for 3 consecutive months, and the final tranche of 166,666, on achieving 8,000tpm or achieving £1m of net earnings in a financial year

Wouldnt have thought they would want to raise on that basis would you?

like any company if you don't make sales then you will use your cash to cover costs
I f you do not think they are capable of generating sales then fair enough!
Correct me if I am wrong the new management team are on a package which they will noT get unless they either deliver a certain amount of tons per month and/or get 1m in the bank?
Oh and by the way if they do either of those then they can collect their options at 25p

Sausage
here we go again they have cash no raise required

Sausage
They have cash no need to raise