Member Info for comeonvog

Trump at it again, as if the world economy hasn't got enough problems. Were close to the 5 year low again, selling dogs for this dog. Least my FTSE short will pay for the beers.

H&S.

They also have a crap hedging. This is a deep mine, hence the cash burn. Also operating in Canada, high labour costs and H&E not like Africa/South america.

The Company has secured short-term finance of up to C$2.4million through local suppliers to the mine operation. The term of the loan is for two years or once the planned capital raise is completed, whichever is shorter. The interest rate is 10% per year. The funds are to be applied to the working capital needs of the business.

How long will that last when operating this deep mine. Look at your WRES another disaster who eats through cash.

Trouble here is the spikes, ya just can't sell when they close shop. Newbies will get strung out and i would think many can't afford that with what is about to happen. Let them get the funding news out first and then assess . IMO.

This is predominantly a Gold play, the copper is loss.

Ivybush I notice you pumped this last time, what of the people who bought in on your ramping posts.

Copper here has been loss making for years and the hedging was another mistake. IMO I think P&D like last time.

JL a big move on PAL today , need the crew here to take an interest.

ismalia Macy the wind bag , full of pies and little else. Lets not pin our hopes on that ****. More important is our opps updates "It is important however to bear in mind that we have the two well drilling programme to come as well as progressing the workover programme, as announced, with drilling on track to commence by the end of this month.

No easy money here, is this a P&D before this..........."As announced on 31 July 2020, the Company is in discussions with a substantial shareholder and existing lender regarding a new injection of capital. These discussions continue and the Company is also in discussions with a number of other institutions and creditors to achieve a financial restructuring. With a further injection of working capital sufficient to restore production levels to something approaching pre-pandemic levels, together with a restructuring of the balance sheet, the Directors are confident that the Company's operations would be profitable and cash flow generative. Management cannot be certain that any of the current negotiations will result in a successful outcome. Further, the timing of the completion of financing cannot be precisely defined."

This mine has been an habitual none profit mining operation. Will it go private. ??

Do you not feel guilty for pumping this stock, people are locked in and awaiting tho BOD's next move. They have no cash. !!!!!

Had a few more at 281 Friday & thinking of going almost all in here by October before the TU Nov . I wonder if the yanks will be sniffing around this stock by then, I am catching knives here with relish.

that was my buy last trade Friday , just a grand but 60's will see a trip to Butlins after this mess.

Now were getting close to a price i might consider a punt. I did warn at 135p + . Construction faces a real challenge and i still think most projects will take a lot longer than before the pandemic , builders can be very lazy if given the chance. IMHO.

Wont take much to move this .

Just the market is going into correction mode, Just topped up at 284p .

The 1.725 are buys, i had a top up today at that price. Mine was at 9.01.

Thks Boyo Only first tranche as looks like a volatile month and i'm looking to trade . I think $ 50's + oil early next year will pull us through.

Manny04 i wish you luck to achieve that goal. Reinvestment of profits will see EDL build the sort of mine that was envisaged many years ago . IMO