Member Info for dvharrison

Philippines had slipped my mind. Nice!

Hursty, we've not had a share price bounce yet! lol

haha Melville, we all pick winners and losers. Still expect this to be winner despite being well under water atm!

Losing money usually leads to increased bitterness and cynicism. Prime example on this bb today lol

Gainabit, this is what I have been saying for a long time. Mine River is not a commercial proposition for a range of reasons and we should focus our time and resources on our 'jewel in the crown'!!

Yes Fira, you are certainly right about still being underwater with my investment here, but the good news (for me) is that my average is now down to 0.42p. I remain hopeful of making a profit from that level but not at the level I hoped/expected when initially investing here back in 2015!

Fira, JP is and has been for a few years an inept and greedy CEO! You are right in that there has been ongoing discussion about the relative upside and downside of an investment here based on the prevailing share price at the time. The point I was making today is that we now have a mcap of £6.6m, the lowest for a while, expressing a view that at that level it has greater potential upside than downside IMO

haha Fira, love poking the hornets nest lol
Wouldn't disagree with any of the comments you list from a previous post. The point I was making, if you read a little more carefully, is that the current mcap is potentially very cheap with a limited downside and potentially significant upside if, for example, the BoD is able to secure the LCCM PEPR. Time will tell....

Well Lupi, the way I see it is that the current mcap of £6.6m is potentially very cheap. We have Redmoor, when we get the PEPR, whether we can finance production ourselves or not, Leigh Creek will have a value (look at the published figures of the coppe in the ground), we have cobre which generates sufficient income to cover our overheads costs (14 years magnetite stockpile at current rates of consumption) and we have group cash. Downside is minimal from here but potential upside is huge imo! Anyway, off to the gym and will log in later to see if we have any price movement today!

sml is like a coiled spring atm. PEPR is the catalyst and once approved the share price is going to rocket. Current mcap of £6.5m, supported by regular & secure cobre income, will be blown out of the water. Christmas come early....

Fira, I just can't help myself! Wanted to buy back at 0.3p (originally 0.35p as you know!). Lowest I got was 0.33p over the past 3 days and final purchase today at 0.35p. Now JP don't let me down and release a beast of an RNS.......

bitcoin, you haven't told us yet today to expect an RNS in the morning? Another '1' trade (and a blue one!) so I'm putting the alarm on to see what news is going to drop at 7am tomorrow lol

25 Oct RNS:
'LCCM PEPR work nearing completion in parallel with advanced funding discussions'

'The Company considers that it will have submitted the necessary additional PEPR information prior to the end of the year and expects to be in production in the first quarter of 2022, resulting in revenue flows around mid-2022'

If those statements come to fruition then these sorts of share prices are an early Xmas present.....

paid and peeps having the opportunity to buy shares nearly 10% lower than the 'limited number of placees' who believed paying 0.375p in the latest fund raise offered the potential for a decent return on investment

I think you're right Troajan, a flurry of buys and a '1' share trade is setting us up nicely for news this week.....

Early Xmas present with the chance to buy sub 1.2p (mcap £12M!). Market for small cap miners pretty depressed atm...

bitcoin, every time you get that average down the share price falls further! I've set funds aside to buy back the 5m I sold a few months ago although not paying more than 0.3p (I think that sort of level is pretty secure with our cobre income)

A 'respected global bank' is not going to lend sml funds that exceed our mcap! lol
Our BoD is inept and has a track record of failure, missed deadlines, waste and greed. Would you lend them $10m?
LCCM is a failed project and we only bought it following Alan Broome's DD!!
Redmoor, well I'll be in receipt of my state pension before that gets anywhere near production.
Apart from that everything in the garden is rosy............

mcap now under £7m! Cobre income covers overhead costs and 700k tonnes of magnetite remain in stockpile so future is secure which is a major positive given present uncertainties. LCCM PEPR & Finance and this multibags. Is it going to happen to enable production to commence in Q1 next year?

Fira, so many 'cheap' shares around atm just wish I had more spare cash. SML would look more attractive investment closer to 0.3p...