Member Info for DowntoEarth

Now is a possible buying opportunity then Quin? Lets hope this dawn gives us a sunrise to remember!

I can think of many (more fun!) ways to lose �2000 in 24 hours.

0.30p just paid, never thought I'd get excited about that price!

If this mine is such a dead donkey, why is it (only 3 moths ago) did the new CEO accept shares in lieu of $43,000 of fees, at a cost 4 times the current share price? People sell shares for many reason, but there is only one reason why they buy.

"Fortunately I have made (unrealised) gains from re-investing RLD sale proceeds in better quality growth companies." Yet your posting history is 100% RLD

Quinn, As you own about 10% of the company (I'm guessing here) shouldn't company employees like Tony Brooke at least take your call?

Tidd, I'll have to dig it out, it was an interview about 18 months to 2 years ago around when I first got interested in this company, I think it was on Proactive Investors. Also, to save a fundraise from Tlou, I was suggesting that Orapa may wish to pay for any equipment required for the virtual pipeline in return for a price of gas that makes it viable. Afterall, with the price of oil going up, their diesel generators are only getting more expensive to run and it's not like we have a shortage of gas.

One thing that does bother me is that the Company has had the ability to sell gas for 8 months now. The Orapa Diamond Mine is powered by expensive diesel generators, Colm stated in a interview some 2 years ago, that Tlou could supply this mine by using a virtual pipeline using trucks of compressed gas. Why have we not heard anymore about this? There must be some historical dialogue at some point for Colm to have made that statement. It's a very simple formula, one which shareholders can easily understand the economics. Surely It will very quickly have a significant effect on the share price as it will provide a very predictable transparent income with little capital expenditure. Orapa could pay for all the trucking and haulage costs in return for a favourable cost of gas.

If what you are saying is true, does this not suggest that the management of Richland are either confident or incompetent? I hope it's the former.

Probably Quin, he did a couple last week.

If you want it to tick down another 0.05p on Tuesday, then all the doom and gloom will certainly help. It is possible that everything that has been reported in the RNS's is in fact fairly accurate, although we can only speculate if that is the case when it's difficult to independently establish current price trends for gemstones. I think they are probably carrying out exactly what they have reported, they are working to increase the resource whilst they maintain that present gem prices make it unprofitable to mine for production. It's the general lack of information from the company feeding any small doubts in shareholders minds which is hurting the price. I do find it strange that they can't give us a detailed inventory of rough and cut gems and their size so we can get a feel for the value of the stock. I think there will be a placing, if only to allow the new CEO to take a sizeable slice on the company, then voila! production restarts, resource expanded and the by miracle of miracles stones are being sold for a profit thanks to our new CEO. I always find that where the board own a large slice of the free float, communication with private investors is generally really poor, maybe they see us as an irritation in their journey to get rich?

At the current MC at around �1m, I'm surprised that there hasn't been a low ball offer from someone like Pallinghurst - or if there has, why has the board not conveyed this to the market?

Nothing like the smell of bullshit to lift a depressed shareholders spirits: 'The Capricorn Sapphire mine may be the new kid on the block when it comes to sapphire mining, but it's already a rumored favorite.'

Gorilla, I thought it might have been you or Quindell capitulating! I must say the BOD seem remarkably relaxed with the stress they are subjecting on to shareholders. Is it really too much to ask for some kind of update?

It would be nice for the SP to trend up for a change, it's been trending down for the last 3 years.

Wouldn't be surprised if there is one, although I would expect the new CEO and other board members to be significant participants of any placing. Especially at this price!

Does anyone know where we can obtain some information regarding price trends of gems? Company referred to oversupply from illegal mining depressing the prices, but are there any current or historic graphs/charts that would give support to this statement? The silence from this company is terrible and I'm beginning to wish somebody would just come along and buy the licence at a knock down price, 1p per share would be a result.

How ever much somebody is prepared to pay, but currently 2P of 40 BCF is roughly equivalent to 7 million BOE, probably worth about $30 million and 3P of about 80 million BOE, probably worth about $80 million. But remember these reserves represent only a tiny portion what will eventually be converted to reserves.

It would help if the management actually informed the people who own the company what is going on. Maybe just let us know how many carats we have stockpiled, maybe a nice photograph on social media showing the haul, just something!!! I must say the new CEO has really made his presence felt!

The current reserves are based on information localised to the well which is being flared, hence why its a very modest 3.9 billion cubic feet as it's only a small dot over a large area. Now that the new holes that have been drilled -together with the new seismics information - if this new information proves to be consistent with the existing well, we could see a huge increase in reserves, if the auditors can interpolate (or even extrapolate!) this information across the acreage. I'm expecting the new reserves to be in the hundreds of billions of cubic feet of gas and I reckon Tony knows this, that is why he keeps referring to the reserves upgrade as being more significant to the underlying value than the tender for power. Buying at this price will soon be seen as a missed golden opportunity.