Member Info for Early_Bird

agree, more and more evidence is being stacked up against the company. Have to be like a Jury in a court as a shareholder here, with all the evidence we have been presented to date one has to conclude Osa is nothing more than a confidence trickster. Not saying he is, but thats what the evidence is strongly pointing towards... I dont think anyone can argue otherwise.
Like you im not selling here, sitting on on 80% loss, the only hope I have is directors did support the last raise, surely they would only do that if they had a glimmer of hope they could salvage something?! who knows.

as he said this time last year... here we are sat at..............1p! just have to laugh, and learn the lesson that AIM is a breeding ground for these con men. Peter Francis clearly saw the type of person he was working with and wanted to get out before his reputation was left in tatters

has to be the biggest joke on AIM.

so currently we have £4.75m a year signed up for at least the next 3 years rolling (£14.25m total), Mcap only £16m

Been listed just 5 months, can see the contracts to continue to roll in. Secure enough of the market and then we could find one of the larger paint manufacturers wants to buy ZED out...

getting a very good feeling about this one now

Worst IPO I've ever taken and I've been in some clangers too.

Incredible isn't it. Got to laugh

It absolutely does, as I say listen 16mins in. Any resource expansion post Royalty agreement is upside for rhe royalty holder... so it makes sense to prove up more now before agreeing Royalty terms.

around about 16mins in that interview link I just posted

not offtake contractors, typo! - I mean Royalty, but you get the crux of what im trying to convey

https://www.youtube.com/watch?v=ybC0d2BDc6A

youve effectively just phrased what I have, they need to prove up their resource with further drilling otherwise offtake contractors will be getting all the upside... as clearly explained by Carl in one of the latest interviews.

quite

Combined director salaries here amount to less than £100k pa which is the lowest out of any AIM company I can find!

No pleasing some, the gold asset production was delayed as they have found the resource is very much larger than they originially anticipated and they dont want to end up giving away loads of potential upside to contract miners... keep up

Also I think youll find Philip who is a director followed his money with another £200k in this raise ...

I dont get holders who costantly b*tch about their holdings other than the fact they have sold and are trying to get cheaper entry? If you believe what you say just sell up and move on to pastures new, surely?!

glandore read the CGO RNS that was released today, current price stated in it

in the upcoming interview hopefully they drill down on where/who they will sell their product to. The recent positive results mean its of premium quality so they can possibly be more selective and sell to those who will pay a higher price rather than just agreeing one big offtake which would likely be at a discount to current coal prices.

even using $300/t coal prices equates to $75m pa FCF

and thats some margin! Given its like $20-30/t production costs vs coal prices $600/t!

Lets call it $50/t production costs and selling for $500 to be conservative. Thats $450/t profit. At the stated 300Ktpa rate works out at $135m FCF PA...!