Member Info for discopablo

Agreed Henrik. A bit of scaremongering going on here i think.

Still madness to sell imo. I bought 30k around the 40p mark and am holding for much higher prices. The company is on the cusp of serious expansion which can only be a good thing for all holders.

The way I look at it is £350 for every 100,000 shares held. That's a high yield..... which is nice.

My pro rata calculation tells me 275 but that doesn't take into account additional efficiencies of leaving the mine 'on'. Nor does it take into account MMs latest forecast of circa 1000 tons for 12 months to 31 Dec 21.

If 275 does turn out to be near actual, then Q4 would have to be incredible, which makes me think I'm underestimating Q3.

I also note that July production was from a mixture of high grade and not so high grade material, again meaning my pro rata would be on the low side.

I'm going to go with 305 please GIT.

I'm pretty sure Masterman has held a steady 16 or 17% since I care to remember.

Steve - pretty sure they're nominee accounts.
For example, i trade through Halifax now and again and the shares i own will be included in the Halifax total.
it's not actually the institution investing for itself.

GUG

With the greatest of respect to GIT, I'm not actually too bothered if he thought it was 'bad'.

Likewise, with the greatest of respect to you, I'm not bothered if you thought you were being 'optimistic'.

The opinions of two very diverse posters will have no effect whatsoever on the production numbers.

You say nothing like enough, but compared to what? Enough for what? Enough to meet our costs? Enough to meet your expectations? At this stage, I think it is enough to build on and to give me hope that from here on in production will continue to increase. Not enough hope yet for me to buy more shares I grant you, but certainly enough hope to make me not sell up at the current price.

Production gets to T2 levels via increased ROM. I need to go away and do my homework on that to understand the requirements better.

I have considered emailing the company actually - that is a good suggestion in my opinion. If I get anything I'll happily share on here.

Cheers!

All this talk of security guards and air conditioning is all very interesting, but I think possibly the big picture is in danger of being lost.

PRODUCTION, PRODUCTION, PRODUCTION!!!

That is what is going to increase the value of the business. Until then, everything else is comparatively meaningless, including the SP.

The SP is only relevant if you want to buy or sell. Right now, I don't want to do either because I have plenty of shares that in my opinion are undervalued by the market.

I'm far more interested in hearing about production and ROM.

Thanks GIT for your reply to my post and for your others today.

I'm hoping to be able to buy more shares in October, based on the figures they announce then.

These are both buys showing as sells, me averaging down.

"All that remains then is to ramp up ROM throughput and maintain stable operations at
a high plant utilisation rate."

Thanks for replies chaps - just found this in Shard report.

Evening all! Not posted for a while but have been beavering away getting my average down when possible.
So 68T for July based on starting with the good stuff on 6th July. I appreciate this is back of the fag packet stuff, but if you extrapolate as follows 30/25 *1.4 to take into account full month access to the good stuff and a 7 day week, you get to 114. That is over halfway there - albeit by a whopping 1.5T!!

My question (and please forgive my ignorance) to the likes of Tro, Safety and GIT (and anybody else interested in seeing this company reach its potential) is how do we get from 114 to 225? Do we have to build another section of infrastructure? Do we have to turn another part of the infrastructure on? Do we have to mine in a different place? I genuinely do not know so.answers on a postcard would be much appreciated.
A quick word to GIT and Safety - love reading your posts and thanks for keeping it up. They have provided much comfort to me when reading through the BB. Take it easy and one day I hope to meet you both at (dare I say it) a 1p party?!

Don't see why not.

All the pain has gone you'd like to think with the 7m impairment charge. Accounts would have looked a lot different without that even during a pandemic.

Dividend will be reinstated at some point and if at the previous level, that's some return on the current sp.

There is also still a significant gap to NBV.

Your posts crack me up! Your way of dealing with the little green boxes has brought a smile to my face! Nice work.

I don't know how this works. I've got 75k shares so have been offered an additional sixth (12,500) shares. then there are 595k of excessive entitlements. The cost of those is 32k. what are these excess entitlements all about please? Thanks in advance for any help.

I didn't say he had bought the 250k of shares. I said 'his intention to buy £250K worth at 8p' as per the RNS, so I'm not getting ahead of myself at all.

Exactly Troajan. I've a feeling we are at the bottom of the curve ref production, but all the pain getting to the bottom has been taken and is reflected in the current share price. It might not be the very bottom for the share price, but I do think it's the bottom for production and from here it's going to get better. For that reason, I'm staying in and am happy to add. We need to focus on removing the water permanently and increasing production. Masterman is now doing this and again the pain of doing so has been reflected in the current share price. In theory, there should be no more pain to be reflected in the share price. Even though the results might be poor, you'd like to think that enough has already been written on here to make those expectations built into the current share price.

Fingers crossed. It seems a few buys are going through today. Looking in on this as an investment offer at 7.5p in my opinion the potential upside outweighs the risk of failure, especially when taking into account the historic holding of Masterman, his recent share purchase and his intention to buy £250K worth at 8p. The fact that the people on the ground involved in the day to day running of the business are bound to know more than anybody on this BB only adds to that argument in my opinion, despite them having made operational errors in the past. That said, I'm not qualified to give out professional financial advice, so please just take this as private musings over marmalade on toast.

Hi all.

Sold out this morning at 45p, only a holding of 8,000 but if only I'd held my profit would have been much higher. Hey ho. I was worried about yhe admin expenses. They don't seem to have got a grip on them still. I wish you all the best with this one but I must admit I'm glad I'm out albeit with a few thousand less than I could have had. If we drop to 40 again I might look back in but doubt it will. All the best and well done for holding.

HA! Cheers GIT - I've filtered. I will never understand the need or volition to post such comments.