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To mislead here I’m afraid, Mr nettleton owned 4.21 % of the company in June so he’s not been buying he’s been diluted like the rest of us, don’t be mislead this is still a ———— company run for wages, not for shareholders.
You would think this company had success written all over it, when from reading the annual statement this morning I see they gave themselves a nice pay rise combined director salaries up $200k year on year from 750k to 950k nice work if you can get it under achieve over reward.
Sorry I thought you thought, but you were only thinking. I’m now thinking sales of what was it you were thinking 720k for the year and costs your thinking 83k a month, so most would think misleadingly a small loss of what, and I’m only thinking 110k. If I look at available data production costs for half year 3.2M, so I’m thinking with hopefully some improvements and I know vast are poor at improving but for benefit of doubt let’s go for full year production costs of 5M, would mean a loss of over 4M that’s my fag packet full of meaningless numbers, because AP has never released what they are being paid for the concentrate, but I’m THINKING on that you are probably close. Feel free to respond as I’m not nearly as easily offended, just been locked into this pile of dung for long enough and would rather not see more fall into this trap. GLALTH.
Saw a post yesterday from ASI that he thought overheads were $83,000, you wish over 300 now employed on site do the math minimum spend on that 500 a month x 300 = £150000 plus the fat cat salary AP on £240k a year and from the last financial statement I could find for 6 months to Oct 21 production costs £3.2M so over £500k a month, so no need to think this is loss making IAP has confirmed in black and white, but people have been convinced for years this will turn around. Including me but this farce has gone on long enough Maniala should have been the catalyst for me to sell moth balled cos not profitable. Biota plai will follow as these mines were not shut because they were making Hugh amounts of money. Tajiki the next big play I think not but hope for a huge pump and dump and I shall this time here’s hoping.
Let’s put some numbers to this as AP never does, 2% of 7000 tonnes a month = 14T for both mentioned metals let’s go for an above average $3000 per tonne = $42000 less trading costs, less mining costs less,transport costs, and then we get 12.5%. Wholly 5hit we gonna be rich, oh no yet another dud. Lucky if they ever cover costs
Just thinking back to the RMS days when we fought the good fight beside Dr Cave our messiah back then. We could have had 5M and less shares in issue, but no another path was drawn and here we find ourselves in dia straights with a half hashed plan and a bucket shop lender and a CEO who rewards himself and friends. Ouch
Everyone concerned over manipulation of SP, so why is Art in London is he about to hand in his dossier to the FCA concerning exactly that, just as the biggest company making news hits the market. Beware all who tamper Art and COPL out for blood as well. GLALTH.
As you say over a £100M raised nearly two , years since the first commercial sale of concentrate, and we still can’t cover our costs, this mine is equally as poor and will return to care and maintenance like maniala, suggest money is already being siphoned out to the new company savior Takob. Rinse and Repeat. Wishing good luck to all seems such a waste this feels terminal.
So the faithful what are the guesses on the first Overdue Lanstead strike price won’t be .73, no chance of even .55 looks more likely to be .28 any takers.
May want to rethink the title, disastrous news on a week the markets will tumble due to the governments spin of the roulette wheel, this will fall significantly below the strike price, research previous raises it don’t rise it falls as new investors realize they have fallen into the same trap that we are now embroiled in, if the loss is not too great do your self a favor.
Shows this mine is a ghost of its former self, huge investment has been required to produce far less than anyone expected, very similar to maniala. These mines weren’t shut because they were prolific money makers, this one currently chewing through approximately £1M a month. Company continues to hide what it’s being paid for the concentrate, so one can only assume the grade is poor. Been here so long now trying to recover losses not sure ever going to be possible, but one thing is constant Mr Prelea’s salary well deserved I think not.