Member Info for chattty

You were not at the AGM.

On top of the $435,000 they have to pay out within the next 6 weeks they have a further sum of £1.5 million to find or as they say defer; I don't know what the £1.5 m is from as I have not checked at a guess its trading finance which allows companies to receive cash payments on accounts receivable in cases of factoring.

If that is the case then they have to raise funds before EOM or shut down

Also their first scheduled payment to Sydbank due on thursday week.

Thank you will check info., out.

FD & LJ you both agree that a deal is in the air which makes sense so I'll make contact and see if I can add anything.

Do either of you have any indication of timescale.

I see the idiot has lowered his wit to his intelligence level.

Sydbank called in its loan because its calculations did not agree or match the business income projections of WBI therefore the loan to risk ratio became to great to sustain hence instant closure.

I would not have mentioned but he was sitting next to me and we were arguing as we usually do so repects Apology Much appreciated.

Meanwhile back to our usual pros and cons which keep the chat board alive.

No one in their right mind would now short this stock.

Any who did would have done so at a much higher price and be out by now.Suggest research into the actual costs of shorting a stock and how they work.

Bang on Tottyman -

"this lot are a bunch of whimpering submissive gimps".

My mate got hit by a drunk driver and now limps and will do so for the rest of his life previously he was sport mad I doubt you would say that to his face.

Notes taken from the RNS as seen below show WBS has to pay $435,0000 within the next 6 weeks plus from its cash balance of $400,000 at the same time paying its general running costs.

From its other working Capital of $5.1 million ,basically includes the cash balance of $400,000, supplies, work in progress etc.,set that against its debt of $11.4million)

Sydbank will pick up at least the first payment probably the second as well beyond that remains to be seen as WBS will probably hold a firesale .

N.B. No sign of being able to raise any funds of any kind as yet-They have also not mention the interest rate on the o/s Sydbank funds which will be punitive.

In a nutshell over the next 6 months WBS will have to pay an average of $500,000 per month inclusive of the unknown interest rate to wipe out the loan.

So to raise cash sell off working assets or shut down.

Out of interest Sydbank did not give WBS any extra time but accepted what they already knew in the hope of recovering at least part of their money before they actually close in on WBS.

interesting will be the YE results due next week.

The Company has now reached an agreement with the Bank under which the outstanding balance of c.$2.8m will be repaid by no later than 29 December 2023. The Company has undertaken to repay approximately $145k on each of 15 June and 30 June 2023. A further $145k is to be paid in the middle of each subsequent month with any additional lump sums being paid to ensure repayment of the total outstanding balance and interest by the final repayment date. There are also financial incentives in place if the Group settles the outstanding balance earlier in the year. Existing security arrangements, per the original loan facility agreement, will remain in place until the line of credit is fully settled.

Since the termination notice from the Bank, the Company has had to operate with an emphasis on cash realisation and limiting new liabilities. As of today, the Company's cash balance is approximately $0.4m, its other working capital is estimated at $5.1m and bank and other debt totalling $11.4m.

My understanding is that a plan is under consideration for de-watering mine but as yet no deal has been done.

Although remote it has a ready made airstrip.

Thanks for the info.,

Not sure about the following so any update would be welcome.

Production Diamonds are sold in packages usually in Amsterdam or South Africa probably every three months.

Also higher ct individual ones will usually be sold separately but alongside the package.

From the 29th March RNS;- A selection of events to give a basic picture .

Site establishment commenced during the course of the last week of January 2023 and since that time, approximately 1,500 tons of aluvial gravels from the main Marsfontein pipe have been excavated and are awaiting processing. The processing plant has been established and commissioning with gravels has just commenced. First recoveries of diamonds are therefore now expected this month and a further announcement will be made in due course.

Botswana Diamonds PLC (AIM:BOD) is a diamond explorer in Sub-Saharan Africa with startup diamond production in South Africa. We are one of the most active players in this field and offer one of the few high-potential opportunities to invest in junior diamond exploration in Africa, or elsewhere.

Current operations are processing 500 tons of dumps and gravels per day. Diamonds are now being produced although as yet we do not have a true representation of the average grade and quality.

We plan to mine these hot-spots using the same operational approach as at Marsfontein - for a 15%/25% production royalty agreement using the same plant and equipment. These projects will thus deliver cash to BOD with no further capital expenditure.

BOD is obtaining two full mining permits over the Thorny River licences. Once the permits have been issued and the gravels mined out at Marsfontein, the plant and equipment will move to Thorny River. Production at Thorny River is expected to commence in the second half of 2023.

THIS ONE IS HUGE ---IF---- IT COMES IN ;-Prevailing circumstances during 2022 complicated our efforts to secure a new joint venture partner to acquire the Ghaghoo mine, which is close to our KX36 project. This fully equipped diamond mine was placed on care and maintenance by the owner, Gem Diamonds.

The above is a brief picture and needs updating even though only 10 weeks old.

The reason for posting is because I see this as an opportunity( some may say a remote opportunity )with which I cannot disagree- for tremendous and rapid sp growth -in simple terms if they announce a larger diamond find of say 5 or more ct, better still several larger diamonds the sp will rocket.

It is possible on such find news the sp will multiply far more than is reasonable .

Bear in mind it will take time.

ATB

BOD is obtaining two full mining permits over the Thorny River licences. Once the permits have been issued and the gravels mined out at Marsfontein, the plant and equipment will move to Thorny River. Production at Thorny River is expected to commence in the second half of 2023.

A sum of money you make obvious you have no understanding of its meaning.

Your posts continually demonstrate an abject lack of both very basic financial and business knowledge.

Some miss the potential EOY Pioche Project of incoming £1.05 million allied to a 3% royalty-all available researched info., from both sides indicate this is on track for success.

It is unfortunate that some investors who presumably update their investment info., still live in the past.

Why they think their failed decision making processes gives them the inalien right to tell others how to handle their own investment decisions is beyond me as is the time they waste telling the world they are failed investors.

Your 'Don't think' comment beggars belief and is insulting to those who work in money and investment. In the first instant a failure to understand the comment I recently made stating I cannot make a loss .

In the second instant I doubt any money of consequence is idle as it will be sitting earning interest

The third instant earning dividends does not always mean earning a profit or such is available.

I think Twiggy you have hit a sore spot.

He shows an inability to grasp facts so makes personal assumptions based on what? nothing but baseless supposition, as he is relentless in his abuse of others best to start reporting him eventually he will be suspended.

If you cannot research correctly why are you invested ?

To add to Trays comments on existing cash and value holdings.

We can expect from our the Global assets a number of new spin off IPOs over the coming months at least another before 2 this year followed by a further 3 or 4 in 2024.

Each one will add serious value to POWs coffers.

The sp does not price any of the above in so the mkt cap is well below value which allows,apart from anything else the prospect of a take out bid .

The sp is ridiculously cheap.

The problem with dreaming high sp is the 17 odd billion share in issue they could well get priced at 10pps but only after a consolidation.

Reality for the moment dictates closer to 1p/1.2p then for the next 3 years max out towards 3p-based on the fact that the world has more Lithium than it could possibly use so as more producing plants get on line so the price of lithium evens out as producers become price competitive

The price is moving forwards as news spreads around unless another RNS is due.

I understand the risks and rewards of investing from both the professional and private side.

So go and preach your' Woe is me' failure elsewhere .

Use green or report enough posts reported will result in suspension maybe dismissal.