Member Info for Echo1

We could be getting plant production tonnage from Marsfontein this week
And as Q2 becomes visible that all important mining permit for TR should cause some excitement :-)

Any views?

Thanks Dibs.
There is some worthy debate amongst the all garbage but as you rightly say - if you don't trust the BOD then sell.
I'm with you - the BOD will work in all our best interests.
GL

All that you need to do is be patient. And if you’re not happy then sell.
The board will resolve this situation. It is in the interest of all share holders (PI’s and II’s) for dividends to be reinstated. Therefore the BOD will be putting all efforts into the smooth re-dom. And (IMO) shareholders will not get shafted.
And when the info is available your broker will contact you with the options available.
Debating the ‘what ifs’ is all a bit futile.
We can all hope the war ends - but in reality sanctions could remain for a long time.
Gla :-)

And the mm’s refuse to budge it
Not like them to take the p155 ;-)
GLA

I think it’s quite right for bullish optimism
But mikee_p has tried to remind us all of the warrants in play here
And that for me muddies the water considerably with regards the progress of the SP
1.65 is the level we need to breach and hold
Making 8p is a tough task

GLA

Yes i quite agree JS
If you’re selling shares at this moment you’re either a day trader or utterly bananas.
A MC of 11 million with revenues of tens of millions from Thorny River alone.
HOLD ONTO THOSE GOLDEN TICKETS GENTS!!

We’ve made another step towards success today but at some point we’ll start leaping :-)
Had a brief chat with JC today and the daily throughput tonnage of the Mars plant will be confirmed in the next RNS.
The dyke system they’re beginning to explore is enormous so I’m very keen to hear how long they’ll be at it with a projected rate of at least 400 tones per day.
BOD should make at least $1 million from this is reckon
Thoughts please :-)

Firstly a huge thank you to Push2 who’s technical know-how has kept me holding here despite the turbulence.

Although we only saw a modest SP rise today I think the news we received was something of a seminal moment for Angs.
The team have achieved something incredibly special despite all the doubts surrounding them.
With flow rates confidently predicted I’d like to think a steady move up to 2p is on the cards.
And that’s regardless of warrants, MM dirty tactics and resident de-rampers :-)
GLA

Holding at 360p
Looking at the 1 year chart makes interesting viewing I think. 12 month low 92p
But since then the ‘bottom price’ has slowly built up with from 180p, 200p, 220p and now the range is fixed between 230 and 250p
When you combine this with the hefty delayed trades which persist I think our base level should move steadily towards 270-300 this year.
And I think that’s regardless of war developments.
Happy to hear thoughts :-)

Good to see an update from JC. A little bit of a delay on the original timeline but that’s not unreasonable. Why the hell people are selling God only knows. Will be revenue producing within six weeks I would imagine :-)

Yes, the mining permit is due Q2
I’m not anticipating any problems, our CEO is well known and well regarded. I think the idea is to mine miles for some short-term cash flow, then very quickly start mining thorny river afterwards. At least that’s what I think.

Yes they’ve done the economics for marsfontein and thorny river.
I’d suggest you take a look through the RNS’ for a more detailed explanation

Yes, an excellent point.
And as predicted, it’s been a bloodbath ;-)

Yes Oldham unfortunately you’re correct
(Sigh . . . . )

Looks as though there’s a decent level of support at 225/230.
I’d expect this to move up to 250/60 in the absence of news.
But . . . I think the drops are being engineered in order for the big buyers to move in. (Vote coming soon remember)
The delayed trades are always pretty interesting.

Dodgy ar5ewipes JS!!!
The game is afoot lol

9 million quids worth changed hands.
Price getting held or dragged me thinks

Usually I’d be itching for Monday morning but I don’t think we’ll get much from JC for a little while.
Q2 is however beginning to creep into view
And the TR mining permit . . .

P S the 600k buy this afternoon, will do very nicely :-)

Marsfrontein was never going to rocket the share price, but what it does do, is it gives the company revenue through diamond sales. And that is the first time since I’ve invested that the company generates money without issuing shares. Great to have held 1.1 on the bid. And also very pleased that I’ve not saw the single share despite the move into profit.
GLA