Member Info for emacd

Can tell u now, the next RNS for gbgr is going to go down as the single most important they have or ever will publish. I've been caught out badly before but all indications resonate with my optimistic side. Somebody has nice deep pockets. A bargain at 2.92p. I am also convinced gold will rally towards 1550 in the near term before settling back ~ 1250 long term. All in their favour.

these 1M blocks are still coming through daily and now we've breached 3p... i wonder how volume is going to get towards the end of this month. *grin*

I can never understand those forms. Does that serve as a reminder or have they now closed their position? Somebody advise please. Thanks.

somebody is really gobbling these up to put away. our delayed breakout will happen eventually - its just a matter of time now.

first! first! first! >_<

the placing takes effect at a price of 3p. They'll raise approximately £16M/$26M or approx half the shortfall in projected capex costs. They could raise the same amount when they need it after another vote in the future. Any budget overruns thereafter could be taken care of with loans. Dilution appears to be a necessary evil tho, with the open pit nearing the end of it's life in 2015 and insufficient ore to feed the plant from the u/g mine in it's current state. Apart from the CPR's coming up, it's still going to be a long wait for any reasonable re-rate.

Alot of new pi investment has come into HMB this year. It looks like the older investers are taking these spikes as opportunities to derisk/balance their portfolios, which makes sense since the time horizons are still glacial when it comes to HMB. Looking back at some of the news releases. The euro loan was for up to $66M. Td must have estimated u/g dev to cost about this, which was half the cost that the Assay's are quoting. We're obv comparing apples and oranges, but the loan amount they proposing is still double what TD's team were quoting - it would be interesting to see how the plan has evolved over the past year. Happy to topup at this point... sp setting up for tighter swings...

Assays to pay 3p per share for convertible loan - shows commitment. probably dawned on them that HMB is over-geared and can't sustain interest rate payments when they barely breaking even at current POG. Mine shaft development will need further debt financing anyway. Expect further loan notes coming our way.

The plant is capable of processing 850K tpa which equates to 140K oz gold p/a if the grades are to be believed. So the main bottleneck right now is getting enough u/g ore out the ground to achieve this magical 100K oz p/a. Both Assays and TD have referred to 2017 as the target year when this will be achieved. So really alot has changed but nothing really. They must still be planning on doing some form of stoping. It's just the development of these shafts. Right now, they're more confident (or maybe more optimistic) of the ore body. It is looking much fatter than before with the continued in-fill drilling. It's the uncertainty of how we going to pay for these shafts and the 3p convertible loan glass ceiling that is going to put a damper on the party. I do like their "let's do this!" enthusiasm... gold fever must be setting in.

that this claim by IRIS ECO is indeed "to be entirely without merit", I suspect they are laying the claim because they are sore that IPSA subsequently sold the turbines at a cheaper price to a related party. After mulling it over, perhaps they think that this was IPSA's intention all along? Was there any feet dragging with respect to producing documentation on IPSA's part? Sounds entirely like opportunistic litigation. Why does this keep happening to IPSA? Why do they keep doing business with monkeys? *sigh* On a positive note, at least they adding extra MWs.

u still holding your IPSA shares? spread is all over the place atm. What IS happening here?

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They have 8.5M RUR shares, issued for a consideration of £1.1M, they now valued at £1.15M. So it's not loads, but hopefully they hold onto them for further appreciation. Other notables are that last year's statements were at an average of 13.42ZAR to GBP. This year is likely to hover near 16ZAR. That's more than 20% worse - expect another net loss. Be interesting to see if they get the £4M price for the turbine ancillary equipment they valued it at or if they going to give it to RUR at a discount. Hopefully they issue more shares for the equipment altho cash is fine - they would have a surplus of £3M in cash after salary creditors then... an enviable position and all expected to happen by jun '14. Who would have thought power generation would be this exciting ;)

With our most unloved of aim shares? Ticking up with v. little volume. Quarterly report coming out soon? Does IPSA still have a few RUR shares in the bank? Cos those are in a paper profit for IPSA at 14p. I hope that new contract has been progressing. The ZAR is taking one hecuva beating; gonna be hard for IPSA to show a good net GBP profit this year. Every dog has his day, let's hope PI's finally reward IPSA when they clear up the balance sheet and show some good organic growth.

on target for 31K oz gold equivalent this year equates to roughly $44M this year at POG of 1400. we can easily hit 40K oz gold equivalent next year equating to roughly $57M all up from $38M last year. seems TD's wild projections of 100K oz per year did have a grain of truth, it's just taking much longer. well done Assay and the rest of the HMB staff. ouch on the mark up. was hoping to buy some more this morning, but happy with what i have :)

only myself to blame for this. my good ppl, i strongly urge you to de-risk and balance your portfolio. offshore licenses are a whole new world of pain, require hundreds of millions in capex and in my view completely change the risk profile of LRL. I don't care how favourable the PSC turns out to be, one duster could easily jeopardize LRL as a going concern. This tea party isn't for me, I'm having visions of RIA all over again. I'm sorry for the negativity but I have to let go and sharing on this board is the only means I have. (I can't afford a shrink now and my gf would kill me if she learnt of this LOL). "I'm breaking up with you LRL, u're a b*tch and u ruined my life!!" ;) Truly hope it bounces for everybody and best of luck.

inverse head and shoulders has completed on chart. we could take the large buys as the final volume spike for breakout confirmation, but for the fact that the SP didn't budge...

buys totalling 8M is 2% of 400M free float chomped up recently. SP not budged an inch. i do like those buys though, they're portentous. PI appetite returning.

PA wouldn't have to delist from ASX due to no interest, if he just towed the line and RNS'ed out news OF interest. He's probably just delisting in order to get around the mandatory Aussie Board Member requirements for maintaining a listing on ASX. I'm selling Atherley Voodoo dolls for £20 each. Anybody interested? Might break even if I sell enough. If you'll excuse me now, I have to go check on the paint.

having read through the circular, the only new comment I'll add is that I think they won't be converting that loan any time soon. I think they happy to accrue interest and bide their time until HMB re-rates; which it will, looking at the charts. The short term indicators are looking very good. There no MM games here, tick up solely due to PI supply/demand in anticipation for next op update re u/g mine. My short term target here is 2.5p by year end. 3p will be a tough mental nut to crack. Bit the bullet and am in for 200K this morning. Now that I am again an active shareholder, just for the record and IMHO you guys have credited new management with the improved recovery rate, I take the view that those process improvements were already well under way or completed when TD was at the helm, Assay is only continuing this good work. It just took time for this to show. Assay's efforts in cost containment are laudable and the vision is compelling. Let's hope the recovery continues and the POG doesn't scupper this ship... it's doing funny things lately.