Member Info for faramog

I fear Gambit's prediction of 60p by thursday is not going well ... I am somewhat perplexed as to why the continued down-pressure.

Not at all sure much will happen without Q1 results showing a significant upturn back to circa 800 Tonnes. It is almost as if the market is ignoring actual real cash flow and profit.

What is it they think they see that we don't ?

ma shares down 20% I-H ..... is that all 714 of them

1000th post RK .. and No 2 in the most recommended charters ... you swot ha ha

Keep up the great posts

Nothing runs in a straight line and the half life of any plan is less time than it takes the ink to dry.

I am certainly a bit frustrated that the original production targets were missed by a country mile and the production increase targets are clear fiction .... but a bit like charting... its all with the benefit of hindsight.

The facilities were not maintained well and despite the early plans (from people who were there during the run down) the upgrades have taken longer, cost more and been technically a lot more challenging.

The only unacceptable errors that Fortune and team can make are to repeat failure. They seem to me to have been pretty honest about the gaps of the knowledge they had vs what they needed and have laid out a development plan to not make them in future.

Do I now always expect a target to be met... No. Rapid expansion contains risk but do I expect some targets to be occasionally exceeded.. yes ... because a great team open to past issues and learning from them will deliver.

I think we are in a great place... perhaps a few months behind the curve we talked ourselves up into last year, but very probably the fastest growing and most profitable AIM company.

I spent hours (well .. a few seconds) charting a significant rise on the removal of my offending cracked tooth ... what happened is the SP declined back from the earlier rise.

Clearly this charting lark is a bit random after all.

Blue Blue week coming (I saw it in the tea leaves)

ha ha .. every day a schoolday Pigpen ... never knew that word

I wonder if the removal tomorrow of a cracked and impacted molar will be the unblock to get us flying again ... my discomfort can be soothed by watching the SP shoot up as fast as it takes the butcher to pull the ruddy thing out

exactly ... Gross profit this year for Vametco will likely be what ... half the current MCAP.... fundamentals fundamentals fundamentals .... even in mining .. even in SA

excellent point @993444 - well made

@UkSteveg - even if FM was fully appraised he would not be able to say anything as it is market sensitive info

Even the wild west has some rules !

I recall the BOD getting authority for a chunk more shares to create, but i recall no authority for a share buyback and re-issue (which would have material effect on fair market running for a period).

Ophidian - how does a special divi raise capital ? ...

how does 'not intending to raise capital' tally with ' or we do a placing' work then ?

http://m.miningweekly.com/article/bushveld-minerals-hopes-to-list-in-johannesburg-by-q3-2019-02-06

Bushveld Minerals, which has vanadium operations in South African and coal operations in Madagascar, said the listing was not intended to raise capital but would allow investment from South Africa where its core business was located.

"If to do that it means that we participate in the secondary market or we do a placing is a decision we will make in due course," chief executive Fortune Mojapelo told Reuters on the sidelines of an African mining conference.

Mojapelo said he hoped to have the transaction completed by between the second and third quarters of this year

no sign of Blue yet @Larky

well Larky ... go ahead and sell

only the cabinet to go then !!

no idea what you are talking about

nothing strange NickD - they have been doing this for weeks

and Realgonekid (aka Capa) has been removed.

sorry RGK... book closed... and since its a 2019 only contest your well reasearched guess is outside anyway