Well done to all those who've kept the faith.
Well done to ANGS for actually producing the goods.
And sincere thanks to Push2 for the expert commentary.
Hold for gold people :-) 2023 is about to get fantastic.
G:A
Buy surely a buyout would give LTH’s a better return on their investment?
BOD will get 15% on the standard run on thorny river plus 25% on special stones was it?
The mine would need to produce hundreds of millions in revenue to give BOD a decent return?
Or am I forgetting that Ghaghoo + KX36 is where the serious revenue lies?
I’ll look a fool if this doesn’t happen but -
I’d be amazed if there isn’t a bid for the company once the TR permit comes through. The fact diamonds of good quality are being found from the waste material of Mars, added to the fact that TR is part of the same kimberlite dike makes it highly likely IMO
Yes its been a roller coaster Elguiri. And i too think we'll explode upwards soon enough
I was 3% from my break even when the CEO ran off to the FT and before I knew it I was thousands down.
But the investment case is still good here.
And like I said - the SP is being managed at present.
Just hold ;-)
I wondered whether Marsfontein is being used as a bit of a testing ground for the processing plant and the overall operationality?
JC contradicted himself a bit during the interview I thought. Because he said the plan was to move the processing plant from Mars to Thorny River once the gravels had been mined. But then he indicated they may be mining them simultaneously?
So how does that work??
yes I agree a somewhat strange day with regards lots buys vs few sells.
BUT - I think it adds weight to the theory that the price is simply being managed until those big buyers have made the necessary moves.
Remember - the BOD needs to certain it'll get any re-dom vote through. So it needs the institutions onside.
The £3 and £5 million are simply the pieces being moved around the board into position.
Once the BOD are happy we'll see a return to a more normal trading pattern me thinks.
As many of you will know, I have moaned a lot about the lack of share price movement over recent years.
But the company is now producing diamonds and it’s a big game changer.
I’ve heard plenty of CEOs talk about shareholder value and returning it, but what is shareholder value here?
Personally I’m not holding for 30, 40, 50% profit. I am holding for three or four bags at least. And I honestly believe given the investor patience shown that is what LTH’s deserve.
But how does a company get its share price up or its shares noticed?
The recent rise to 1.3p on the ask was due mainly to bulletin board heroes on Twitter ran by Zak Mir.
There is also a stock box, and I noticed we have an interview imminent and then there is the general Twitterati.
And then there is my favourite - exemplified by RAINBOW RARE EARTHS. They did an institutional fundraise for a big premium and saw the SP go from 3p unto 20p (Can’t remember who pointed it out to me?)
If the company is entering a golden period as we all hope then institutional involvement will come.
And if thorny river is as big as we think will the current processing plant be big enough?
I still think thorny river will add huge value
GLA :-)
As Donek and HITS have pointed out the success or failure of ANGS is now hinged on the sidetrack testing.
If the flow rates are as expected (or better) the weight that the financing is having on the SP will (IMO) diminish.
Remember - the gas flows 24/7 365 days a year.
Which ultimately means the flow of £££££ is continual :-))
GLA!
JC has always got a massive smile!! He could be stood infront of an open grave and I'd bet he'd be ear to ear
Regardless of where he is or what he's doing he's always beaming :-)
But mining and processing are in full swing - that's now certain.
And that means that BOD is now a miner and revenue producer!
From JS and ID
The pan concentrate tweet was dated March 15th
And I’d forgotten about JC giving it a month of production before an update.
To my mind everything is going to plan - any problems would’ve surely been RNS’d?
In the next RNS we’ll get tonnage throughput, carats per hundred tonnes and ? The likely length of the project?
GLA :-)