Member Info for Carribean2029

You beat me to it Steve

Bsg4
I can only recommend you work through the most recent RNS’s and you’ll find a huge amount of detail showing where the cash is being spent.
I find it incredible that some folk want others to do the research for them. Sorry, but happy to answer opinion, but this is freely available information that should be core to your own research.
I apologise if this comes across as anything but polite and direct

Hi Malik,
What is your reasoning behind the question? Care to share any knowledge? If it’s just a concern based on fear, take some time read and research the company, it’s restructuring and the sector. I’m sure you’ll find the answer in there.
Good luck with your research and decision

Oh very dròle! Superb backchat!
Reminds me of my Grandma! Whilst having the Will read yesterday, grandma had written a codicil letter attaching - her final words were ‘thanks for the flowers - I can’t smell them or see them, but I know they’ll be lovely’ - some just have to have the last word eh?
Thanks for everyone’s kind words - she was a 96 year old legend! I called her Lazarus cos she always seemed to manage (for years) to come back from the brink - my sisters were less kind and said she was like a ****roach and would survive a nuclear blast! Anyway, she’s now back where she belongs - bending my grandad’s ear!

Not much we didn’t know already, but it always sounds better coming from the horses mouth.
One thing I read into his final statement - ‘it’s going to be a great year in 2021’ - infers he knows these results are good.
They’re only waiting on a couple of results, but are clearly releasing them on a drip drip, using QC as the choke, which is fair and above board.
Given that they have most results back and Craig is demonstrating optimism, I am happy I’m sat on my pile with my hands tied and having lost the sell button.
Good luck all

I’ve only got 3m, so nowhere near your 8, but I list the key as soon I bought em. I’ll find it one day

Hi Curn
Think you’re right; I mentioned this yesterday, but I thought it had cleared earlier in the day, but it was still seeming to be held back.
We’ll soon see, I guess

Hi Curn
Yep! Doing good thanks!
Hope you’re well? Had a nice day here yesterday, but not trading this till next year and only then at several multiples; got a nice 35-45% protection yesterday, so just sat on my hands now.
Good luck here, and to all

Alright ‘fess up...who got a runny bum at open?
Whoever it was, fair play, but thanks for the top-up opportunity!

So if I am reading this right?
There’s so little news and conversation about this absolute cracker of a share, that 5 out of 6 posts are all cross-board/Ramps!
I know I’ve been absent (doing my job, stressing over grandma- who’s now passed bless her) and splashing in other pools, but cripes! It’s been quiet here.
Michael...you ok buddy? Looking forward to Christmas?
DTM...you awake old fella’
AO- well I know you’re here! BTC....
I just want to wish you all, and everyone here, and to mention a few- Richy, Heathfield, wraith, Isas, repro, chins, honesttom, fair view, Shelley, British Mike, Mike R....I’ve forgotten someone, I know....a merry Christmas and a bloody better 2021. Enjoy the time away, and come back with buckets of optimism for our little gold mine.
Have a good one guys....live the dream

I’ll add
10. Demand

Squidge,
I agree; there’s a short overhang, possibly, but it seems/feels like there’s ‘fat’ in the overhang for the brokers, and they’ll likely want to see Christmas bonus, so they’ll let it go pretty soon. Perhaps tomorrow....here’s hoping

Hi Cornish,
Not a bad estimate. I bought in 2-3 weeks ago on that basis. I ran my number process and came up with similar results. TB has a job to do to get it turned around, but the hard work of convincing others is over. Now it’s action time, so on we go...

Hi Woodrow
I think you may be right. It’s possibly a good hedge and also a contracted supply certainty. Nobody likes to see a rising price on the horizon, particularly an unknown one, which also provides some indication of where prices are going, and it’s at least 26% higher than where they are now, or at least there’s that perception.
Great news and BBC a great day.
I’ve only got 1m here. But happy I got in a couple of weeks ago.
Good fortune all

Hello Claire
I must stress that your question is hugely subjective at this early stage.
Currently there is a renegotiation of a $20m debt facility underway and that process needs to run its course.
Nevertheless, the reasons I am invested here, despite the debt, is that energy is going to be crucial to any early stage recovery in every country post Christmas and as vaccines roll out globally. Prices are suppressed by perceived demand shortfalls, although that is soon likely to evaporate. As such, economic recovery and inflation driven upticks in prices will deal with a lot of the burden of debt in this business as income flows will rise considerably and rapidly if and when recovery appears above the horizon.
Thus, my target for this business, right now is closer to £30m mcap, but as with all best laid plans, they are thrown out the window as soon as the first shot is fired.
This is a proper recovery play, but one must keep all expectations under review. But I’m anticipating a 5 bagger over the medium term with some squeaky bum moments too.
I hope this helps without sounding sanctimonious
Caribs

Hi Cornish
Quite right. And when you factor in the growth in demand, the current infrastructure isn’t capable of carrying it to our houses. If we move to electric vehicles, the sheer demand for juice at any given time will require huge infrastructure upgrades. There’s only so much current you can get down a small diameter copper wire before you start getting resistance losses, which is counter efficient. Bigger wires, less losses, but more copper required.
Just lovely

Beardozer,
I was always taught that two wrongs don’t make a right. I think Twib had already retracted his comment and had shown some grace.
Let’s keep it civil please. I’m a gentleman; there are also ladies here too.

Hi Gshivers,
Appreciate your question and your subsequent reply. There’s never an easy way to interpret a question which is a bit loaded, so I can also appreciate how others might view it.
My advice is to consider letting others know your rationale and level of knowledge on a subject, at the first instance, to let them make a more informed appraisal of your intent.
Writing in bb is so conversational at times; there is so much opportunity for misinterpretation.
Good luck with your investment. It’s a buy and hold for me; I’ll be popping in here occasionally, but I see my work on building my holding here is done. I’ll see what the new year brings in terms of news. As I said on here a couple of weeks ago- the oil tanker will take time to turn, but once it’s on a new heading....try and stop it!
AMOI

Hello Gshivers
No concerns at all.
$5m has come from west face
The other 1.75 has already been identified asset wise.
The creditor will be paid off. It’s in the RNS of 13th November

So we are through the overhang, more or less, and there will be some testing days ahead in terms of minor volatility, in my opinion.
That said, the next step for this is a sentiment shift. Most investors over the past week are the pioneers on this type of asset, and I’m yet to believe that the herd are even contemplating this at this time due to the perceived risk. Many folk will be off put by the inherent complexity of the recent raise, and that was evident in the types and nature of questions on the board a couple of weeks ago.
With Christmas coming, I don’t see a swathe of changes in terms of price or newbie entrants, but if I’m wrong, then I’ll take the lesson, as always.
Nonetheless, there is a whole heap of changes and development planned at the mill and the mine, coupled with copper prices and anticipated production ramp up, there is going to be plenty of news flow forthcoming over the next few months.
Hopefully, some of this will land mid-January, giving confidence to the market of progress, further consolidating anticipated gains and sentiment.
Whilst charts are going to be useful, the sheer magnitude of the debt to equity swap will require some time before the charts really can have enough data from which to see a trend. But I’m sure it’ll come.
I’ve only got 3m, so nothing much compared to some here, but I wish you all the best of luck however much you hold.