Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
However we still need to prove we can manage 6 tonnes a month. It’s still not good enough as we’re not producing a profit. The mcap confirms this!! Once we do them the sp will rise. It’s still confusing why a company with 170 million tonnes of coal is valued at an Mcap of £5 million though. If I had that cash then I’d buy the company!! No brainer!!
Right direction... as market refers (but see what happens tomorrow) but still the numbers are not good enough. However if we can keep increasing output at the current rate it can’t be all bad news. Hopefully the throughput will increase and we can sign more contracts. On the bright side. Thanks for the update. Expect an update in six weeks re the installations!!
regards contracts is that EDL is only producing 4K a month. (We were initially told 10k which is why I invested). If they sign more contracts and still produce 4K they default on those contracts. Until we produce more then I’m guessing no more contracts. Secondly I would of charged Sinohydro for the MOU. Look at what BPC did to there partners. CEO reduced his salary. Up 15 fold.
Is just market liquidity. Without ups and downs we don’t have a market. EDL has been way oversold imo and is finally being re-rated. Fingers crossed, hope I’m right.
The sp is falling sharply. It was looking good 6 months ago but after the lies and placing we are sinking faster than the titanic. Another placing and I think It could be curtains at EDL as the sp would be destroyed. Maybe our saving grace would be the yearly financials but I’m not holding my breath after we were supposed to be generating 10k a month and couldn’t keep up to the demand and yet we can’t get past 4K!!
To placing price. That was obvious.
Should read the previous 10k a month RNS when they can’t even run at 4K a month. Are they actually getting 4K a month?
Investors you rely on truthful RNS’s. Blatant lies in the RNS by the look of things.
An RNS saying they have no contracts but are sustaining 10k a month due to high demand is better than silence. We are now back in free fall. The SP should be way way way higher than the current value. It’s looking like Namwele may as well stay closed as no news is bad news in regards to output at Mkomolo.
Been averaging around 6 weeks. I guess perhaps next week with a bit of luck. A little bit of momentum would be nice.
This morning. Then an RNS is forthcoming. Coincidence??
£3 quid in my piggy bank irgs. What a joke!!! Thankfully I left last year well before your 10-1 debacle after doubling and selling on your last drill. **** up in a brewery comes to mind. Sorry for the rest of you guys. May be back if a farm out materialises.
To follow your heart when the share price is dropping but that's not how you make money. KEA are consolidating so they can raise funds through a placing for further drilling. If you guys know this then why stay in? A consolidation usually loses 10-20 percent once done in any case. I know it's a kick in the nuts but it is what it is!!
Price. I think this will continue to drop due to sentiment at the moment but look at the mcap and see what they have. I Had to work my socks of to make a profit in KEA but I did. Completely sold out but watching as an opportunity will arrive. How low can this drop for? As for the doom and gloomers. I can't see this company going bust due to the Puka assets and MEO.
Yep that's right. According to the RNS from RKH this morning it's as early as 2014. I'd phone your mate and tell him to read this mornings RNS. It might save him a few quid.
Tried to trade on Barclays... and its unrecognised even under the new ticker. Anyone got any luck?
Have to agree. Steady climber at the moment of the aim.... Always buy on the climb. Forthcoming results and with decreased overheads. Conservatives in power with Lord Ashcroft at the helm. Financials improved. At least a penny to come within the next few months.
London 28 April 2010 – The Board of Mercator Gold plc, the diversified mineral development company, is pleased to announce that all of the resolutions proposed at the Company’s Annual General Meeting held at 10:30 a.m. on 28 April 2010 were duly passed. The Company therefore confirms that, pursuant to Resolution 9, it proposes to change its name to Electrum Resources plc following completion of the relevant filings and administration. Further details will follow regarding the date of change together with confirmation of the Company’s new TIDM
Because TBG we have access to funds when we require them at MCR's discretion. Thats 4 million nuggets. I regard it as a" form" of financing or even backup for new projects. If MCR can finally generate income from one of there projects, which will happen, at some point soon, then it will be a spring board for things to come. With income and financing behind them I can see MCR delving into other projects. You don't know whats goes on behind closed doors. Like I have said previously.You need Infrastructure, platforms and projects. Although this equatse to nothing. Only Profit and Revenue=Growth.
Yesterdays RNS is good news. The problem with it as observed today is market confidence. The share price will not rise until MCR starts to generate income. With the ongoing projects and MCR's market capital then I think the future is bright. The aquisitions and ongoing projects are not delivering profit at the moment. We need better news from the management because when you see a 13% fall in a day alarm bells do start ringing. However this stock is a long term investment. The only way it will rise is simple. Revenue and Profit= Growth......... End off.