Member Info for DanielC43R

to see a few trades today.

At the moment Fenikso plc is a shell company, used to be Lekoil Cayman (was in there), with a $51.9M loan to LOGI (wholly owned sub. of the oil producing company Lekoil Nigeria) as per the aquis SE. GLA, Dan

62kg a month to get the 24Koz/PA (approx. 15.5kg a week). If they are achieving 2 x 5kg a week that would be equivalent to around 15.4Koz PA, not too bad. Also still waiting to hear about the corporate governance (due to complete end Q12023), appointment of Mr Rennick as Exec. Chairman and the departure ? of Paul Reeves. GLA, Dan.

RNS at 7am on 7th Sept. 2022 details the warrants to Rod. GLA, Dan

just remember to wake up before trading. Just sold 150k shares in error ffs. I actually meant to buy 150k shares doh. Still cannot buy with HL, in auction. GLA, Dan

@Rusty58, slight correction, GCAT is a Main market listed stock. GLA, Dan

Hi Max111. Not particularly new (been invested since 9/2020 - but only small holding hence lack of posts). I am very happy for Silver to go up (have a kilo in britannias - I know it is probably small change to most and not the best way to invest in silver) but felt that the iron ore would come first (mining this year/early next hopefully). With Iron ore around $120/ton and UFO costs <$60/ton - that is not too bad surely. GLA, Dan

shouldn't we (UFO investors) be more concerned/interested in iron ore prices atm. That is the closest thing we have from a mining / revenue perspective surely ? GLA, Dan

Very rough calcs. 23% of 459 DMT conc sold and assuming £7K/ton (copper price) gives approx. £740K. About £246K PM. Not great really. I think 14000 tonnes per month would only double these figures assuming the same purity, etc.(i.e. 42K tonnes mined a quarter). Name plate gets them to operational breakeven. 241 tonnes Cu conc inventory at end Q12023 is approx. £390K extra.
Hopefully income from Takob will make a difference here, along with the diamonds. GLA, Dan

is a little annoying for sure. But not as annoying as what happened to RMM. Fingers crossed that the diamonds will help financials somewhat. GLA, Dan

just to add - have seen these small trades on Boil and GGP too. GLA, Dan

Hi JC, seen these small tickets a lot here recently (always on bid and ask, every day using the previous days trades section here). I have no idea what they are about and mentioned them in a previous post (one which was removed oddly). I thought, perhaps wrongly, they might have been mms trying to make a stock look 'busy'. Not seen any UTs here for a while, wonder if that is something to do with it. Happy to see RM holding over a quarter of a million pounds worth of gold, four or five of those a month will do nicely. GLA, Dan

cheers for the link sw10000. Nasty bump on his head - ouch. GLA, Dan

Agree ID78, nice to see they are progressing high grade areas - makes sense whilst we await the huge HL 4. Very handy having an onsite lab for grade control. Corporate governance hopefully close to completion along with a good finance package. Prospectus is still in progress - I still think mid April for that. August onwards for decent production results to confirm this RNS (Q12023 probably not great - guessing 300-400oz). Slowly, slowly. GLA, Dan

looks huge. Guessing that it is about the size of a football pitch. For those interested, there are some good pictures of heap leach construction on the Goldstone resources (GRL) website under their gallery section. For reference/comparison GRL has an MCAP £13M and managed 430oz/PM in 2022 (although they suggest 580oz/PM with the remainder on the HL pad). SGZ around £26M MCAP with around 700oz/PM in 2022, aiming for 1Koz/PM in 2023 (and looking for 2Koz/PM going forward). GLA, Dan

slightly more promising outlook I hope. Buy price at 0.258p for 1M, lowest I have paid (highest I paid was 1.86p back in Oct 21 - gulps). Gold around $1923/oz currently. GLA, Dan

One CFO is plenty, guessing Ronald being the most pertinent. Also noticed that both Paul and Simon have been removed from section 4 of the corporate governance section (my post yesterday has been removed - no idea why? - mentioned the silly little trades we have been seeing lately). Still an error in the 'The Board' section, I believe there are four NEDs. Good that the 3x language conversions are now working (although the first line for NED Stefan is in another language in the English version). GLA, Dan

@Pidster - same here with a £3.5K investment, bad, but not as bad as putting £10K into Evraz just before the sanctions ffs.
@antelope - last time I received a reply was actually today from JMK. I will not provide details as I said in my post of 6/2/23. GLA, Dan

sadly no, he said 0.42p (check the axis on the right hand side of chart). Not been anywhere near 4.4p for several years (Nov 2019 ?). GLA, Dan

@topvaluestock - about 1.9Bn. Use the GCAT share price icon at the top of this page for that info.

Nice to have had a reply (just some matters pertaining to the new look website) from RM today after what felt like a comms black out. GLA, Dan