Member Info for catpaws

I'll go for 0.70. Exactly where it is now.

As per the July 30th RNS, commercial mining operations in the ZA diamond mine was due to start on August 4th and therefore I am assuming we should be receiving an operational update as per how much diamonds has been recovered from the mining operations in the first month of operations thus far? Still not a whiff of who the end-buyer of the diamond is too.

1p first would be a nice start!

Yes agreed. One thing I have also been thinking about is whether we will sell the Tantalum mine on once all is ready for production, but can't see that happening as I think LJ wants to move forward with that himself.

Yes, agreed. How far away do you think we are from commercial production at the tantalum mine?

Folks, on the subject of dilution - the diamond mine is supposed to be drilling this week. On the last RNS, if I remember correctly, it stated that they would be using the profits from there to further the tantalite program?

Sorry, meant sign-off from the govt. More coffee me thinks...

Probably also that there's absolutely nothing to talk about until the farm-out is signed

Very very happy with this RNS and it seems to have been a great investment by LJ. For the price of paying for some of Deep Blue Minerals fixed assets this appears to have been an absolute corker of a deal.

There's two things I would like to see:
1) A picture of the actual mine in ZA?
2) More details on the end-buyer of the diamonds.

Hopefully this should make shareholder dilution a thing of the past and that the company is now truly self-sustaining. Maybe there will even be a pot set aside for a further acquisition. After all, there are some dirt cheap yet very feasible assets that require just that extra bit of funding. Given that ZA's economy is currently tanking perhaps another bargain or two there.

There's two unknowns still:
1) Who are the end-buyer of these diamonds. Will it be an export from ZA?
2) This is an anecdote but I was speaking to a friend over in Joburg who runs a commodity brokerage and he told me that the country is on its knees due to COVID and the entire commodity sector is at a standstill because only PPE is allowed to be moved.

I am assuming that the RNS doesn't factor in the worsening COVID situation in ZA and whether they even expect to be moving diamond before the end of the year? The problem is that with the high HIV rates in the townships its expected to wipe out large swathes of the local inhabitants given the high prevalence of the local populous with public health issues and as such this will take a lot longer to sort out that in Europe.

There's also the issue of security too for the mine. What will that cost? Especially in other mining areas (Rustenburg etc) there's huge issues with zama zama miners tapping into shafts.

Here's hoping to that final piece of paper...

I'm seeing 10% rise on google finance and the price sat at 0.89 and nearly £30k in buys today whilst only £1.5k or so sold. I do fear another extension though... Very happy to be proven wrong

I think what made me laugh is "placings are an ancient history." Yes, until the next one. They are every few months or so if im right. Then of course is the consolidation to make it look not as bad as it really is. Project financing and Bell's salary does not grow on trees, although Bells laughing his way to the bank because it does for him really.

I think the point is that absolutely no revenue has been generated after years of placings which have resulted in all of the projects being failed and with AB taking out huge amounts in admin fees nevertheless. The only thing worth any money at all is JMS. I have never or would never hold a position in this "company" as if I Wanted to waste x amount of ££ then I can easily just buy lottery tickets as there is the small potential to win something. There won't be a single LTH who isn't at least 60% down being conservative but in reality its more like over 90%. All this company have done is placings which have continued ad infinitum. Even for an AIM company you really do have to be a masochist to invest here and I am surprised it has not de-listed yet.

The mine isn't producing yet. $600,000 required yet to restart production.

LJ is certainly an executioner... of the share price

I think the term "investment company" is probably untrue at the moment. They have purchased fixed assets that have produced absolutely no value, "investment" infers that there is some sort of growth in the value from the asset.

The only reason I haven't sold out of this is because my average is 4.9p. I will never see that back and I have accepted as much, for me its simply now a trainwreck writeoff. For those of you seemingly worshipping LJ, this is a man who has driven the share price down to 0.2p with the dead-dog bounce up to 0.5p before today's announcement that they are investing in another non-producing asset. This now increases overheads whilst they attempt to battle to get two unproducing mines online now. Money doesn't grow on trees and the future is very very scary to say the least.

So it looks like you're completely fine to fly so long as. A) The country you are flying to is open for travellers. B) You are willing to self-isolate for 14 days after?

It's all simply a game of whose crystal ball is bigger and better...