Member Info for Echo1

Even based on JS’ rough numbers the investment case here is nothing short of compelling.
Revenue from Marsfontein due imminently.
Revenue from Thorny River of at least $30 million (I’d expect this number to only go up)
And then we consider Ghaghoo and KX36.
Does a revenue stream of $50 to $100 million seem that far away? Current MCAP of 10!!

Happy to hear opinions of course

Thanks JS, a good reminder!

Apologies as i know JS covered this but what revenues can we expect from this?
And what time frame are we looking at?

Ah no :-)
I can still trade via HL

No trades for a good while now . . .

Yes.
Holding long.

It’s an interesting comparison that XPART made between rainbow and Botswana diamonds.
And I can very much see a similar scenario developing here. What hadn’t occurred to me is that the share price of BOD could be accelerated by a premium placing which gets the institutions involved. Rainbow did a placing at a price of 15p when the share price of the time was around about 3.5p
It’s hard to know how things will develop in the next 3 to 4 months, but this is a company that is about to become really revenue generating. I don’t think it’s unreasonable to think (although this is speculation] that many bigger players are watching developments very closely.
Happy of course to hear thoughts.

Very bullish for the next 12-15 months.
In fact Uber bullish lol

Appreciate this is being covered!

Yes well said JP.
Fingers crossed our patience will be handsomely rewarded.

Pay attention nit wits
JS’ post regarding the Mining Indaba is rather important . . .

Yes I’m still holding at 360p

Forget for a moment about the share price, about the price of gold and about “buying the gap“.
And ask yourself this – if there were a vote tomorrow for re-domiciling to Kazakhstan how would you vote and why?
The board of directors wants to preserve value for shareholders, but which shareholders? PI’s come and go but institutions remain. If the board are to win the vote they can’t be having PI’s interfering. And oh look the price is down again . . .

And another million sell . . . .

Million ‘sell’ just popped up . .
I appreciate we all have our priorities but why sell now?! It’s almost party time!

I did wonder JS ;-)

500k share buy just popped up :-)
GLA

Andy, JS

Yes JS is as usual correct
The mine is currently flooded due to an earthquake in 2017 which ruptured a water seal.
A section of high value kimberlite is also situated under a large sand deposit.
JC is A) experienced and B) very clever
So if he sees potential in mining Ghaghoo with alternative technologies I’d bet he’s right
But . . . He has to get that $4 million to get the ball rolling.
Whether he’d need more remains to be seen. My feeling is he’d need shed loads more

And a nice £21k buy at lunchtime :-)

Andy
A bit long winded this so my apologies.
I’ve had to remind myself of the history of the mine with gem diamonds developing It at a cost of $85 million. Then mothballing it due to operational issues. BOD, need someone to come in with $4 million to develop the mine back to operational capacity and for that Bod get a 10% carry. $4 million doesn’t seem like a lot to me, but James needs to convince somebody that this is a good bet. And somehow, this is linked to KX, 36. Any ideas on how much our 10% could be worth?

Andy
When vast and bod announced the JV acquisition I just shrugged my shoulders.
And when vast backed out I just shrugged my shoulders again. As it was of no surprise to me.
I’ve never had a high opinion of them.
But if JC thinks he can make it work with them then I’ll give him some faith.
If vast come back to the table then ok. But I think JC was ferreting away in London seeing potential new investors either side of the AGM. So I’d prefer to see a new face at the table.

Good to read JS but the fact you’re having to explain yourself is ludicrous.
As you say this is a free carry and a nice bit of pocket money before the main events :-)
Thorny river + Ghaghoo + KX36 = $$$$$$$