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Give it a day or so and we'll ease up
Could be botswanan given the following: Luke Bryan setting up Kalahari Metals on May 3 2017. DRG fundraising 8 May 2017 Luke Bryan coming on to BOD on 30 May 2017 Other director of Kalahari is Adam Wooldridge, Director at Xpotential Geoscientific Consulting Shareholders of Kalahari Metals include Brett Van Coller, Managing Director at Remote Exploration Services, and Peter HOllick Technical Director of remote Exploration Services. Looks like Kalahari are set up for a mining asset. DRG have the cash to fund it. Luke Bryan the link.
Numbers will tell the story - contract looks like Proctor and Gamble to me but wtfdik
Yes - potentially decent turnaround story. I find it most interesting and positive that Barclays have put in place a 2m overdraft - v encouraging.
CLN conversion at 18p Options starting at 5p working capital neutral which is ok old CEO got rid of - has to be a good thing givne his pay and performance Barclays agreeing £2m overdraft late last year. would have done their DD on health of underlying business
not worried about cash. got plenty of runway to get farmins agreed by then. if they need to raise cash post that to work on new licences they may get so be it. working cap comfortably covered. last year they burned £1.5m over the year. they should be fine - and given they have relinquished other licences you would expect them to be able to manage their cash sensibly to get the farmin(s) over the line and rerate accordingly. I have added twice today. good luck all, downside seems limited, upside could be exciting.
Too large here
Digested the prospectus yesterday, saw the dip, bought it. Let's see how we do....
Added today. Seems cheap.
Given the potential here
Ah yes. Duh
£1.37m
seems to me they wouldn't have taken up the deal and the conversion if there wasn't some funding being lined up or lined up. thoughts?
but in all seriousness - this is a bit of a silly price to be at given EBIOSS are coming in at 5.53p in two and a bit weeks. that deal alone will open up opportunity signifcantly.
that's probably overrating me somewhat. am also in NCCL if you want to go and buy that ;)
a no brainer at this level. first target 5.53. it's all public info. you don't even need a chart.
All
be careful. you need to look at the group balance sheet - included in that is a large non current asset balance so the net current asset position (basically liquid current assets and current liabilities) is the most relevant metric. Given the related party transactions, inability here to realisitically diligence the company and the very thin profit and margin. it won't take much to eat into working capital and cash. Trader's share, that is all. Very very high risk
placing. well done those in early. bought in late to the party but happy to wait and find out what unfolds. didn't realise NED was also with VELA.