Member Info for cherryburn

Positive holders like you do the company no favours whatsoever.

The RNS of today would imply that the RNS of 8 May was utter garbage regards tonnages, unless of course GR thinks there are 7 weeks in every month .

And thicko GR thinks that because the Circum project is twice the size of the Danakali project it must be worth twice the market cap. He has absolutely no idea how projects are valued by incoming investors and applying a DFS model at a discount rate of 10% is a basic rule of thumb at this very early stage. Companies using COVID-19 is a very feeble excuse . In Cote D'Ivoire drilling rigs are going flat out at Perseus , Endeavour, Exore and Tietto Minerals (ASX:TIE) but these are well managed companies with proper CEO's and technical teams. It was obvious to the whole world that a $2 billion potash project was never going to get off the ground but years and years of nothing has now produced this startling realisation.

The management of the company can hardly be bothered to read this RNS to check for errors and no wonder that the company has possibly the worst NOMAD in the large shape of "Fatty Cornish". If these fools cannot put the decimal point in the right place can we believe any figures that have been published via an RNS ? Nice to pick up very fat fees for doing nada.

GR has thrown so many darts but not only has he failed to hit the bullseye but consistently missed the doubles and trebles.

Finley.....I agree about reparations from the Chinese but there is an apparent interesting twist to this namely that Michel Barnier was head of the French Team that approached the Chinese in Wuhan for a JV on building a number of the labs there. I am getting lowdown on this from some French contacts. We desperately need to get our children (in my case grandchildren !!) a good education for the future. LGEN has to be a great buy at these levels for annual dividends well covered by earnings.

Revenue Projections to 2025 look very good and a great dividend play for the next 3 to 4 years.

If CF73 is correct that the EPO has been signed off by the Attorney General, then he is passing on inside information and both he and GR/Fuad should be prosecuted as such. If he is wrong then he is a liar and should be treated as such.

IQ.....and those buys in October 2019 brought your average down to .07p .

Driftking.......I think that both RDSB and RIO are excellent companies and have been big movers in the last 8 weeks. RIO produces top grade iron ore in Australia at a cost of $15 plus $12 shipping to China . This equates to a staggering $60 per tonne profit ! Have held for many years from £9 and then doubled up at £13. Both companies will motor higher and I am sure that RDSB will reinstate a proper dividend later this year. Good luck and have a great week-end.

Mr Nibbles , I can understand why you are a bit bitter since the great Centamin is trading over 20p below what is was 3 yrs ago on 9 June 2017.!!! Endeavour is building a monumental company based around 5 or 6 mines and has never mentioned that it would be paying dividends. The ASX exploration company that I invested in 3 yrs ago has now gone up over 4 times so what is the point of a 6% per annum yield then ? Good luck but please do not look at the 3 yr CEY chart as it might depress you further.

Increased costs due to COVID-19 in West Africa ? You have to having a laugh and suggest that you look at an ASX listed company that I am invested in operating in Cote D'Ivoire and with a prospect south of Dugbe not yet looked at. (ASX:TIE) 4 company owned rigs going hammer and tongs at Abujar , hitting record metres drilled last month at lowest costs and all under control re Covid 19.

You sound a bit sore Mr.Tibbles......Endeavour only have 5 producing mines in West Africa and surprisingly none of these are in war zones. They employ 3800 staff worldwide and are targeting production of 740k ozs in 2020 at an AISC of around $850 per oz. 8 million ounces in Reserves and 14 million ozs in M&I and all production is unhedged. They have a 10 year discovery target of 10/15 million ounces mainly in Cote D'Ivoire. I believe that their combination with Semafo will pay handsome dividends down the line and expecting 1 million ozs pa production in the near future. Not that bad is it ?

Just suppose Aviva reverted to the level of dividend that they paid for year ended 2015 at 21p. That would sure put a boost under the share price ! Not impossible and very well covered on current earnings.

Sotolo.....I rate MH very highly and some years ago, when he was at Toro Gold, he made a JV offer to a private Aussie Company that I was helping to raise pre-IPO funds. It was a fair offer but company subsequently went for an IPO and is now trading at around 4X that price. The proof of how he is regarded in the mining community is borne out by the fact that both Tembo Capital and African Lion backed him through discovery and into production at Toro.

Sotole... I tend to be somewhat conservative on production figures as many a slip could occur but will reassess once next couple of quarterlies are released. I have met the new CEO on a couple of occasions when he was at Toro Gold (private company) and would be very surprised if he is not contemplating a deal somewhere in West Africa. If a decent resource can be acquired for say $60 per oz in the ground (has to be circa 2 million ounces plus at decent grade) for scrip I believe it would take this one trick pony into another league. I am here for the dividend and have been a very long term holder in RIO, Anglo American and recently APF as well as a couple of Aussie listed explorers. Let us see how this year pans out.

Very sick indeed and probably talking about another insurance company ?

Time to get back to TOPIC as there is free speech in Hyde Park for political rantings and take Jezza , John and Di along with you as they are a bit lonely out of the news at present.
FY 2019 Sales of 470k ozs at $1399 per oz and AISC of $943 per oz. FY 2020 expecting 470k ozs at $1599 per oz and AISC of $973 per oz to give additional Gross Profit of $79.9 million. All things being equal dividend could be increased slightly. Would like to see the new team at the top target a couple of new discoveries in West Africa where Endeavour and Perseus have been very active recently.

Apologies for the WRONG THREAD below. Coming back to LGEN this has to be a great long term hold sub 200p. Naturally the next financials and forward looking statements should underpin this unless there are some horrors lurking in the shadows.

The Douglas Haig in Effingham has now closed and has planning application in for a number of houses . I will do some homework on this example as it is only a few miles from where I live.