Member Info for discopablo

GIT - you can't honestly be putting faith in this poster can you? I am assuming you know nothing about him or her by the way, in much the same way you can't put faith in what I or anybody else unconnected with the company writes on here.

I think the 20 tons for December will have been in the 2nd half of that month.

So, I reckon 60 for Jan, 120 for Feb and 150 for March - total being 330 for the quarter.

That's an excellent point.

Think I'll go with the market reaction.
I am not prepared to blame MM for the speed of receipt of the grant. I find that unfair. He might have been told it was coming. You and I know as much as each other.

I'd expect the sp to drop a fraction today but only based on the timescale of the grant receipt being pushed out which is beyond the company's control it seems.

If you borrow 3m expecting to receive 5.3m and then you don't get the 5.3m you have a funding gap. That's just logical and I don't understand why folks are struggling with this concept.

it's all very well saying we borrowed enough last time so what's he doing, but if he fully expected the gap to be closed this quarter then we still have a gap that needs closing don't we!

Anyway, time of writing we've seen a huge sell of 400k shares. Hardly a drama imo.

Perhaps they did but their interest rate was greater than 3%.

Has anybody tried to buy these through Halifax? Saying that they no longer allow investment in this stock. On phone to them now.

Ah ok - I was unaware it had been stated. Was it in an RNS or an interview? If not too much trouble can you point me to it please? Appreciate you might be busy so no worries if you can't. Cheers

Indeed, but it won't take too long to repay so 13% is probably the best estimate for now.

I'm prepared to be corrected and don't mean to sound presumptuous, but are you confusing the fact that 80% of our product is signed up for, rather than some of our product is being sold at 80% of its value?

Mog - how do you know our selling price is 80% of current market price? I thought our selling price was unknown. Cheers.

Bankton - care to show your workings? I think your b/e production point is higher than reality, but I did have a few white russians last night.

Also please note that the interest cost will be reducing every month, possibly substantially. As things stand debt to BlackRock is 49.1m as per 18/12/19 RNS. I think the interest rate is 13% which is just shy of 550k per month at the start. But remember that the capital repayments are made by a cash purge, meaning that the loan can be repaid relatively quickly. Of course if the capital is coming down quickly, then the interest payments will too. The company really doesn't need to sell crazy amounts of tungsten go break even so there should be no talk about lights being kept on etc. Anybody that does is simply rattling cages unnecessarily and falsely.

Tbh I'm not sure the buy back could have had much effect on the sp yet given that only about 1% of shares have been bought back. all things being equal that would result in a 1% sp increase which is roughly 0.013!

Just my take. Looking forward to a good 2020 here. Of course, the very idea and intent regarding the buy back might see the sp rise by more than the mathematical amount above and I think it is a good idea by the board. I'm rather torn between wanting them to keep cash back or wanting them to buy back a shed load (by which I mean 250m shares) of shares. Still undecided! Good weekend all. Cheers.

HA HA!!!!!

Yep - future looking good here when you consider the comparatively small mining time of December compared to what's happening from 01/01/2020

GIT, well done, your December expectations in your early Tuesday morning post was broadly in line. Hopefully 2020 will be in line with the rest of your post. GLA!

Agreed - got another grand's worth at 4.15. Cheap as chips.

Thanks Safety - I didn't realise it had been mentioned at the AGM. My own fault for not going and not keeping up with the board. Apologies if you have posted that before and my thanks for reposting if so.

Fingers crossed for 2p at some point in 2020.

All the best.

I have absolutely no interest in interacting with you.