Member Info for Echo1

Look at the buys . . .

799
Yes just finished listening. Agnes was a bit annoying ;-)
But I think JC (aside from the AGM) was full tilt in London last week on trying to secure Ghaghoo funding.
I wonder who’ll end up coming in.
Think we’ll get a magic RNS soon . .. ??

The elves from the mythical Antarctic forest are also sending rocket propelled mammoths.

Now I know I’m a reckless ramping hound I’ll start posting about the BOD being replaced rainbow skiing unicorns. And the share price hitting £20 by Easter.
I’m sure pete640 will respect it . . .

JS
Can you explain the financial benefits/mechanics of BOD securing a deal for Ghaghoo?
I know the mine history and the money spent on it by gem diamonds. (Was it 200m?)
And I’m aware of the potential carat value.
But how will BOD benefit? They won’t mine it I assume?

799

yes I an idea that was put forward was once the mining permit comes through we might see bids for the company.
And I very much buy into that. It would make sense as all preparatory work has been done, all equipment for mining/ processing is in place and the permit (in theory) will have be issued.
If no one tables a bid I'd wonder why.
Ive even gone as far as to say to JC that I hope the company is bought out.
I'm not sure if he appreciated my honesty!

JPWRIGHTY
Yes another good point you make.
Personally I’m getting low on patience here. Selling in the next 12-15 months is my aim.
I’m hoping for 3-5p but I feel an attachment here having been in for so long.
But in reality what would I accept?
Probably 1.5-2p.

Moneymaker
Yes it’s a good point you make
But BOD has always been off the radar.
Rarely gets plugged on twitter. But I wonder sometimes if the SP really means that much.
If marsfontein and thorny river are very successful whether the reward will be a dividend?
Personally I’d prefer a buy out.

0.9 breached on the ask
Resistance at 1 and 1.2p
Be good to get a twitter update from JC to stoke the fire

I’ll chip in for the baby oil.
Sorry (couldn’t resist) :-/

799

Its great to see a target price from first equity of over 6p. But I've never taken target prices that seriously.
I assume the 6p they've quoted is based on the forward earnings they think BOD could generate through its operations this year? So would that be a market cap of around £54 million? Achievable I suppose given TR and Ghaghoo +/- KX36

5p :-)))

Been holding a while Stemax?

So firstly let me say - I’m looking to sell either later on this year or early next year.
Which means I’m looking at Marsfontein + Thorny River + Ghaghoo + KX36 as catalysts.
But what value can we assign to the company if all this comes up trumps?
A hard question I appreciate but 3p would sorely test my resolve . . . .
Happy to hear thoughts of course

Our ‘seller’ appears to be done for now.
And full 0.9p paid at the end of this afternoon with some steady buying through the day.
Let’s see what Marsfontein reveals next month.
GLA

Yep.
Ghaghoo is the clincher by the looks of it.
JC needs to work that magic . .
Otherwise kx36 is a non starter
Bring on 2p

Yes I know I’m repeating myself.
The path here was never going to be easy.
But just stay calm.

:-)

I’m just repeating what Sonic said.
As it’s a great piece of advice.
Stay calm.

Thanks JAB
Good to read that.
I just feel thankful I’m not in at above £10 like some poor souls.

And no.
I have not sold.
I’m not looking for a cheap buy price.
I’m now a holder whose optimism is low.
The FT article yesterday has done huge damage. GLA