Member Info for dvharrison

I looked at buying first thing but waited. When I realised the impact of the higher gold price on the NPV calculations that made the share price an absolute bargain imo

I think you mean definite?!

100m sell just through. No wonder all the buys didn't move the share price. All clear for tomorrow?

to see TW promoting Kefi after today's RNS;
'Investors can now focus on the inherent value of Tulu Kapi which we continue to believe is at least 6p per share. With today’s news, at 1.15p, we upgrade our stance from BUY to STRONG BUY'

If I'd had more to invest I would have but funds tied up in other investments. Happy to double my money!

stockraiser, I think a lot of (potential) investors have missed this and would expect to see multiples of today's sp this time next year if everything progresses as planned

Just bought £5k worth...

Afternoon dj, I'm not sure we have sufficient information in the quarterly cobre trading statements to determine whether we are actually loss making (we'll need to see the actual Financial Statements for 2019 to determine that). My concern is that as revenue falls our fixed costs become a bigger proportion of our overall costs and, hence, the 60% profit margin stated by JP may now less. In those circumstances you are right dj in that we would no longer be meeting all of the companies current running costs. This of course also means that we have no spare cash to invest in developing our assets in Cornwall and at Leigh Creek hence the need for the BoD to undertake its strategic review. It is only when we are clear(er) about the future direction that we will start to see a recovery in the share price imo

I see the heading is 'Freeport' and wonder if they might have a view about how quickly we are going to dispose of the magnetite stockpile. Back in April it was estimated that 711,000 tonnes remained to be sold and at current rates (Q1/Q2) we will be selling around 35,000 tonnes pa which means a supply lasting around 20 years (rather than the 5-7 years JP talked about earlier this year). I wonder also if the operation is still maintaining a 60% profit margin on the reduced sales. In Q2 we generated $466k of underlying revenues (excluding the forfeited $375k) and even on 60% margin did not cover the $297k overheads which is a worrying development if current levels of sales continue. Stresses the importance of LCCM generating that vital second income stream next year

'but they will only report when they have something to report'
Trout, that is my point. They SHOULD have something to report on a number of fronts!

Come on lets crack 5p...

25m sell just showing...

Great to see 4p. Onwards and upwards...

It's been 7 weeks since the last cobre (major client) update. Surely something to report now? Nearly $1m spent on LCCM in Q2 so how are our plans to bring the asset into full production early next year progressing? JP 'expected' the strategic review to be completed by mid August so whats happening? We've spent money on Hanns Camp (Dr Gole et al) so what is happening there? The BoD needs to pull its (collective) finger out and talk to their shareholders pronto..

That's a lot of shares....

We need an update from JP on the current status of our 'dispute' with this customer imo. Latest information from the RNS dated 15 July 2019;
· Major Cobre client continues to express intention to pay with legal proceedings expected to commence soon should payment not be forthcoming
We are now 7 weeks on from this update. What's happening?

Yep, we all knew the BoD would come good lol

Yeehaa....

This will be top of the 'risers' leaderboard by lunchtime....

No one wants a spike in the share price, unless you are a (short term) trader but we do want to see some interest in the company/share and we do want the share price to be in blue territory