Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Dont they already have vele ready to produce. Its just amazing that they are after other cash generating assets when they could have spent all that money trying to get these into production and efficiently. I still think they are busy with UC deal .... but with coal prices going up daily, will it come cheaper, especially when UC is now in a higher profit.
I think its forbidden Jaf, they would have to kill you first. You could probably send an email to the person mentioned on the attached pdf to find out if its sold. Just say it technically belongs to you :)
Hope so Rocc, its astonishing that this is only valued at �30 million at this stage. I think �80 million mcap (around 17p) will easily be reached once the market realises that revenue is coming in monthly. Possible by year end ?
Rocc, it seems you are right about including the august sales in the H1 report since these were mined then. Everything will be released in one big rns since 19th is not too far away.
agree with you gramma .... but these conspiracy theories could save you a lot of money. Don't just jump in to the ship. I lost a lot with another aim company called African minerals & there were a lot of 'theories' then which I didn't take notice of. I learnt the hard way. And still learning.
If they are still talking to universal, they need to buy it before they start paying divis (as stated in that report). http://www.proactiveinvestors.com.au/companies/news/70619/universal-coal-plc-to-cash-in-on-rising-coal-prices-with-second-mine-70619.html
Whats taking em so long for that. Have they found a fancy pink that it takes so much time to value it. Or have they found coal. If they did find a significant stone, would they inform the next day or value it properly.
mng will then own 80% of aue. So they will only need to pay a tiny amount to buy remaining. But I don't they need to be that greedy. Also I am worried by GC's post stating that they produced more gold than declared.
If mng have agreed to 'fully underwrite' it means all issued shares go to them. A min of $40 million raised (assuming at 2p) will be 1.5 billion new shares taking total to 2.6 billion. Even at 4p aue will then be valued at over £100 million. So gold prices will now need to go to $2000 for aue to shoot up to 20p. Could be done in 2-3 years.
$15 million on mining equipment seems a lot at first? I would like a spreadsheet with the equipments bought & their corresponding prices. I am sure its a good deal long term. I always said that aue need to get rid of contractors. I think we'll definitely see costs coming down. However, it means a lot of dilution for the $37 million + possibly more funds required for the losses incurred.
The sales process for diamonds must be a bit longer than normal stuff. I suppose the pacel takes a few days to get them ready, prepare the export docs (which then has to pass customs etc taking another few days). They could have sold these on August tenders around 20th but because of these time consuming 'processings', you never could. So I assume they had everything ready by the end of August & then (according to Vals comment earlier): The 'lots' should currently be open to viewing & assessment probably from around 28th Aug (10 working days) ahead of start of the tender so that buyers are able to evaluate (weigh/grade/price) each stone in the various Lace lots on offer in preparation of their bids. Takes quite a bit of lead time & tedious hours especially if a buyer wants to bid on the entire batch but generally buyers are selective and focus only on size & quality their clients need. Also I assume there are no auctions at around 30th of August or even early Sept. You wont get clients (who buy diamonds) appearing every week.
Jaf & Evenkeel, according to info from Val : "because of the government regulation in SA and Belgium it takes 50-60 days to get the diamonds from the mine to end sale and cash in the bank" Thus, The parcel for July (7000 ish carats) will be sold by around (July + 50 days) 20th September. See link below: http://www.thediamondloupe.com/articles/2016-09-02/lace-mine-sa-rough-tender-antwerp-september The parcel for August will be sold around (August + 50 days) 20th October (all approximate) The parcel for September to be sold around (September + 50 days) 20th November. and so on ...... This means we will probably get a H1 report + August production report soon.
didn't see those ... on isdx. Someone is eager to buy all those. I may have to add.
Val, Yes I remember the 50 day process; sorry forgot. so we are likely to get H1 report next week with production stats for August. 7000 carat sales after possibly 18th. All clear :)
are at least coming in now. Coal prices are still firm: http://www.barchart.com/charts/futures/LVp16 I wonder if CZA can get a better deal now that the prices have 'stabilised'. Hengshun deal should not be far off now.
I assume its now an 'official' sale for full august production. that probably means we'll get H1 report and 7000 carrots sale within next week in one RNS. And then another rns after this sale. Thanks for all info Val.
will likely retest 1050/1015. Buy/Add then
thanks Val. This should easily generate $1.3 mill. Since the rand is weaker, fixed operating costs (salaries & production cost/ton) will be lower in $ terms. I think we'll get all news around first week september. Very interested to find out the percentage of coloured diamonds found in first month of prod. ATB
remember why gold fell so much last year; because of that mere 0.25%. rrs is the most sensitive to gold prices. I would just get rid of it as soon as there is a HINT of a rate hike. good luck.
run out of steam. U.S will raise interest rates and pog will probably retest 1050 by next year. This will easily retest 5000