Member Info for DowntoEarth

This will be all sorted out very soon - it's nothing a good bung can't overcome!!

If the government have screwed up, hopefully they will be contrite enough to fast track approval for the pilot project.

I don't think the RNS is that bad, obviously it would have been better if they could just re-tender. But if they get the pilot project approved soon we'll be back approaching the 20p mark. Also worth noting it puts the competition even further behind us as they won't be able to tender for years if a pilot project is a pre-requisite for a full tender, so when we tender perhaps we are the only one for the full 100 MW

" I have a buy order in a 7p. I had a bad feeling two weeks ago and cashed out..." At least we know your motive for pushing the price down with your 7p buy order. If the management were meeting the Bots government at the end of the month, you probably would get your 7p as it drifts down. But as the meeting is this Wednesday I reckon we'll be back in double figures tomorrow.

Also worth remembering that if they do have to re-tender for the Bots Government's agreed price, I'm pretty sure it will get rubber stamped in no time at all. It won't be another 5 - 6 months.

I suspect it was that they were both too high and Wednesday will be the start of the negotiation process so the Bots government can get the cheapest price. RNS alluded to it with: "Should an RFP re-tender be announced as referred to in the PPADB statement, the Company will assess this in detail before making any further decision to participate in the re-tender process or not." Clearly if the Bots government are going to give both companies a take it or leave it price and if it is too low TLOU will walk away pursue other avenues for revenue.

Seems to me that price of power being offered by both Tenderers was too high.

Here's a starting point, have to try and find out where the company is registered. Looks like it's been going for some time and the CEO is clearly well connected. http://members.bccthai.com/BCCT/asp/corpdetail.asp?CorpID=1875

'whenever i buy, the SP usually goes up :)' ........... If you buy enough of them the price will definitely go up!!!! In fact, please keep buying until we hit �1 :)

Under nominee accounts you still have voting rights as an individual, so I would have thought you would still have to notify.

Quindell, I wouldn�t get so depressed, it�s the SP and sentiment that has gone t*ts up, not the company. Management seem to be very careful about cost control which is further highlighted by the fact that they refusing to sell a significant stockpile of stones below reserve, if the company was skint they would be off loading these without a reserve. Clearly the gem market is in a hole right now and it�s just a case of waiting it out until prices improve. Going forward, my gut feeling is that I think we�ll get an announcement regarding a proposed merger between RLD and an unlisted gold exploration company. This may involve some hefty dilution from us but at the expense of gaining some significant gold assets probably in Queensland, which could significantly add to the asset value of Richland. At the same time some of the management could move across to Richland. With a current MC just over �1 million, the current uncertainty we are experiencing is exactly the sort of situation on AIM that can reap rewards if you are brave enough. I would be buying loads right now if I had any spare cash.

From Mustang's RNS COMPANY OFFICE Owing to the new Managing Director Bernard Olivier being based in Cape Town, South Africa, the Sydney office of the Company has been closed. The Company's registered office remains the same at Level 1, 9 Bowman Street South Perth Western Australia.

"The appointment process for his successor is well advanced and the Company will make a further announcement in due course." Reads to me like the CEO will be from outside rather than a promotion from within, otherwise Bernards replacement would have been announced in the same RNS of him leaving, so why the negotiation/delay? Also, BO was based in South Africa, hardly ideal when all your company's business is on the other side of the globe.

Yes that was my thinking. Well if Edward Nealon cares about his new role of shareholder communication no doubt we will be well informed from now on!

I'm wondering whether Bernard leaving is some precursor to some M&A activity. Bernard was happy enough to buy a decent amount of shares only 4 months ago and now with the current MC just around $2 million for nearly 200 million carats + Stockpiled gems + plant. This has to be good value even if it's mothballed until gem prices start rising again.

He's left BZT as well.

Also found this, which is an interesting read: "The colored gemstone sector can change so quickly, and a year can bring many new developments that alter the landscape of the market. This year seemed to bring even more stories about shifts in the supply side, whether that be a focus on ethical sourcing, or new sources or companies entering the game. Here are some of the most notable developments that impacted the colored gemstone market in 2017. 1. Responsible sourcing. This has carried over from 2016, but I think responsible and sustainable sourcing remains one of the biggest, and most complicated, stories for the gemstone sector right now. With today�s socially conscious consumer, it�s a conversation the industry has to be a part of, and is something many already have been practicing. But the colored stone sector is vast and largely artisanal, meaning there are a lot of players and that no one solution can be applied across the board. Still, the industry seems to be moving in the right direction, as many more conversations are being had and more action is being taken. It�s one I think everyone should keep track of and will be really interesting as it develops." http://www.nationaljeweler.com/blog/6142-6-important-developments-in-the-gem-market-this-year

'Gorilla - that would depend upon the extent of interest for ethical sapphires in the market.' Perusing the net, found this article from last year which suggests that ethical sapphires will become a big thing: "6. The increasing popularity of unheated gems, better cuts, big and bold gems, and responsibly sourced stones. Stones with natural and rare beauty are doing well, and quality cutting is coming to the forefront. Meanwhile, responsible sourcing is �becoming a big topic, and you will hear more about it,� Drucker said. According to a recent Nielsen survey, 12 percent of baby boomers and 26 percent of Generation Xers care about it while more than half of millennials are concerned with ethical sourcing." http://www.nationaljeweler.com/diamonds-gems/supply/5108-live-from-tucson-9-gemstone-market-updates

What should not be ignored are the amount of personal investment the BOD have in this company at many times the current share price and they must be hurting really bad right now. The very recent oversubscribed placing, of which they participated, clearly demonstrates their belief that this project will be a success. As part of this placing, significant options awarded when the SP passes the 1.5p mark within the next 9 months. Presumably the other subscribers to this placing were shown results and information that gave them the confidence to invest on these terms, the SP hasn’t been above the placing price since it was announced. Also worth considering is the agreement with the site holders, the company has a commitment to supply – “As part of the agreement, the company is also guaranteeing Royal Touch a minimum monthly supply of heated green sapphires to enable Royal Touch to commit to the marketing and market development of such unique and exceptional coloured sapphires.” This is why I think the stones we have in stock are high quality, we have a contract to honour, it would be a bit foolish to deplete our stock whilst we are not mining. The last sales report informed us that the lower quality sapphires, of which there were 2.2 million cts were sold for 4 cents per carat, why would the company be holding on to more of this! The company always intended to use the lower and mid range quality stones to keep the mine running, the higher quality stones to obtain the profits. The reason the share price is down where it is mainly due to the poor communication and lack of transparency from the company, but sometimes a lack of communication from a BOD is the result of them having confidence in the ultimate success of the company, shareholders are sometimes seen as an irritation. Not Ideal I admit, but they will be quickly forgiven for this if the SP starts to rise. With a market cap of £2 million and a low mining cost for the worlds largest sapphire mine, there must be potential for a take over.

" So far, of the 6.598m cts reported produced to date, 5.488m (83.2%) has been sold, but only for an average price of 57c/ct. 1.111m cts (16.8%) remains unsold, but I would suspect most of these cts are low quality carborundum that can only be sold for cents." To suspect that these are low quality is a guess on your part (understandable given the lack of information from the company). If the value of the gems are depressed at the moment, in percentage terms the higher value gems would be the greatest affected in real monetary terms. I suspect that the 1.1 million cts not sold are in fact the highest quality stones that have been produced to date and the company, are being held as an asset and will be sold as and when to keep us ticking over.