Member Info for discopablo

16.5m buy at 0.1175

Given the number of buys today over 0.11 you'd like to think there'd be buyers at 0.075.

So you're lamenting the fact he hasn't told us they're worth 'gash' even though you know they're worth 'gash'?

Super!

Lots of doom mongering on here today based on nothing but conjecture (unless you want to post some evidence of this alleged insider trading that ironically you seem to know about) and some sells.

Plenty of buys too but I guess that doesn't suit the narrative for whatever reason.

Who knows what the auction results will be?! Maybe we're better off waiting to find out? If you think it's bad just sell and move on. Can't stand people praying on other people's nerves like this when there is no evidence to support what's being written.

I'm hopeful of maybe 3 to 5 million from this auction if it all sold. If some didn't sell, it doesn't mean they have no value. I certainly think that will keep lenders at bay and help to obtain new finance.

Also, everyone seems to have forgotten about the rest of the business.

Yes, they have Frontera, but not because they agree with you. They've simply told you who to direct your concern to should you have a concern. They have certainly not suggested that they agree with you, so as a result I don't share your view that 'it is concerning'.

Noted, thanks.

ASI, thanks for sharing.

Is the base price you mention the equivalent of a minimum acceptance by the vendor? If so do you mind sharing as that gives an indication of what might be receivable.

Ref stuff receding no bids, was that low grade gem or Boart do you know?

Cheers

All stocks down, picking up some absolute steals this morning!

Yes more than likely. End of next week earliest probably.

The wait continues, but I'm happy to do just that at this price. I am surprised that we're still at these levels, but it can't last. Once news of the proceeds land, presumably/ hopefully next week at some point, the sp ought to take off. If it's a 7am RNS and it's good news, which I firmly believe it will be, this price will be long gone.

Great post ASI!

How can anybody possibly expect AP or anybody running a business for that matter to categorically rule out EVER doing another placing ever again?! It would be ridiculous for him to have said that and to think otherwise is not based in reality.

Probably just waiting for diamond sales proceeds news. They're worth the current mcap alone in my view so the sp ought really be at 0.30 and that's without Tajikistan news and there surely must be some relating to that around the corner following AP meeting at the White House.

Give it time

Thank you for sharing that ASI. I had Boart down at much lower than that, so that's quite reassuring.

So we're talking minimum really of $1.5m for our Boart.

Is the 63k carats of low grade gem included within your scope of 70-400? If so and we managed 100 per carat, then that would be a further $6.3m.

Then we have the higher end stuff which could potentially reach (finger in the air) say $200 per carat and hey presto we're looking at possibly $10m.

Which is of course 1.5 times current mcap.

What are your thoughts?

Not that I am keen to act as arbiter here, but would it not be simpler to prove ASI wrong by posting a link of where AP had given the market an idea of value? Unless there isn't one of course. Just saying!

Int the RNS today it clearly states 75k of gem quality.

Hit post too soon!!

Was going to add that if you thought it was investment worthy at the price you paid, and if you're happy nothing has changed, then logic would suggest buy more I suppose. However, if newsflow since buying is negative, consider sitting on your hands.

Personally, I thought the actual content of the RNS today was good, so I bought more. In my opinion, it was the way it was worded which has had the impact on the sp today. Just my opinion and I'm not qualified to give investment advice.

Seen it happen so many times on other shares.

@Lord, invest what you can afford to lose and as per ASI diversify.