Member Info for Chelsea-boy

Do you mean the text was missing this in the RNS?

Tick up or MM's open the spread?

Interesting how they come in last minute right in to the close, looks like someone building a position.

OM, yes nicely snuck in at the close, always nice to see big chunky blocks go through.

Did anyone notice that if you follow this link they are actually posting the RNS release re Jaffers, there is a pdf file at the bottom. Clearly our future is very much of interest to them too. http://www.republicoftogo.com./Toutes-les-rubriques/Economie/Nayega-Ferrex-va-se-financer-sur-ses-mines-d-or

Is she back? Apparently she has a bit of a grudge to our leader after having an unwanted advance rebuffed. She also lost her blouse following the people on these BB's and is now some sort of moral crusader now.

finally a sensible spread.

While we are yet to make any money, the most basic of valuations are 3-5 x earnings stripping out any one offs like a disposal of a site etc. With 2 sites producing this could well be in a nice place in 2-3 years.

Most likely the "Golden" amber nectar.

http://www.afreepress.info/index.php/world/business/item/3889-ferrex-attend-un-permis-pour-s%E2%80%99implanter-%C3%A0-nayega-nord-togo

Good spot OM, he is in togo for the rest of the week I think before he comes back to UK for next weeks meetings. Perhaps an RNS early next week ?

2m gone through only trades of the day. Mmmmm

Hi Watson, you seem to be closest to the flame, is the change correct or they view £300k as small beer?

Cheers Lano, good to see you back here! Looks like the future is golden then. I think the yet to be announced project will also be in the precious metals area. Even with gold off its $2,000 high its well above where numpty Brown sold it all!

SD, I agree. There multi baggers have been in and out of this more times hoping for the big kill and now we finally look to have some tangible projects. I think if Togo can confirm soon this will get more of a much as of the two it is the serious value driver. WE still have our 3rd project that is being finalised which would give us plenty of plates spinning. I would love to see this pop but if it builds more slowly we are less likely to see it spike.

Hi OM, totally agree, there has always been a get rich quick crowd that arrive mysteriously before news. While I would love to see some news send this to 1p plus slow and steady wins the race. We now have a cash generating prospect 2 assets we will sell the long awaited Togo and a mystery one. Personally I think DR has played it very well, he knows Togo will come good but not when. He is out there this week I believe so while I don't expect a response this week he will know how things are shaping up on time scale. I am sitting on plenty at close to the low price so happy to forget about them until 3rd quarter when I think they will be a different prospect.

Yes, agree. I hadn't read it until now. Hopefully it is somewhere that doesn't take 3 years to get pen on paper.

Togo surely?

DR was talking about US $300/oz margin after ALL costs, including royalty - even if they achieve half of this then profit on 20,000 oz is $3,000,000 per annum. If they do achieve $300 on 30,000 then it's $9,000,000 PA. So the 10,000oz target for trigger payment could deliver $1.5 - 3m depending on market values, at the lower end almost more cash than the deal cost in shares and start up capital. Can anyone recall the start up costs for Togo?

Yes, it seems the dog is finally waging the tail. DR is off to Togo this weekend for an update next week I understand so fingers crossed for another flashing dot.