Member Info for fireheart1

http://moneyam.uk-wire.com/cgi-bin/articles/200904011326239263P.html

http://moneyam.uk-wire.com/cgi-bin/articles/20090330130500H1598.html

Thanks.

http://moneyam.uk-wire.com/cgi-bin/articles/20090325084300H0254.html These guys are moving fast, now that the demo has been proven..

Would of thought these guys will get them.. "The placement has been strongly supported by existing shareholders, including RCF, but also includes a significant contribution from Acorn Capital, new to the register, who will become a significant shareholder in the company on completion of the share issue."

http://moneyam.uk-wire.com/cgi-bin/articles/20090320074800H9193.html And a buy for 14p overnight trade.. Now they will have the cash to develope the full production...

The spread has always been that wide, very few shares on the open market.. Hence you have to pay a premium to have them.. I had a little flutter as a punt before the demo project was up and running, but so far so good.. And hence a main project finance news to be released.. Plus gold deposits in the area..

It use to one of the main points for DWY, but not anymore... KIM are in big trouble considering they will need to find a new project and get a license etc.. Which they are not going to do with 500K in the bank... The process costs.. Hence the current KIM price.. The recent rise is probably due to the mm's trying to get out of their position.. With respect to Swazi, i did see you mentioning at the weekend that DWY have the cash to make the payment, which is very true, as they only need to pay 70K odd, but the point is with this is why have they not done this?? They have the cash, gold prices are high, if they thought the swazi project had great value they would not have delayed the date twice.. I'm guessing the resource there is not as good as they first said... Again not havign a pop at you, it's just the DWY saga is not a cleear as they are making out.. Otherwise I would have been chucking cash at these before all the news with the BHP project was updated.. Just be careful..

You keep mentioning KIM, yes DWY own 48%, but 48% of a company that sold all their diamond mine assets for 500K isn't a great deal (Especially now they don’t have any assets). Note that Melissa (DWY MD) was also on the KIM board but resigned when KIM decided to sell up.. And at the current Kim SP, I bet DWY wished that they hadn't purchased / acquired this %... Not having a pop at you, just stating some of the facts for KIM...

We will have to see.. Will be interesting, note the SP in the good times before production was even started. Also investors are put off by the spread. They only have 86M shares, and the majority of these are held already..

They have just started production from a demo plant, producing 61, and 62T. Now they want to build the full production plant hence raising funding, once this is going to happen and be earning the cash, then they will start looking at the gold in the area.. Read the article from 9th March posted below, tells the whole story...

Now this is good.... Sounds like the full production funding has been agreed... http://moneyam.uk-wire.com/cgi-bin/articles/20090318080000H8496.html

http://moneyam.uk-wire.com/cgi-bin/articles/200903171400019964O.html

Starting to look good, and it's a high quality... Second batch under way as well 62T...

Just giving my view on these I have done allot of research into these, and KIM.. And was waiting for the Swazi Gold commitment before I invested.. Go back through the posts for the past few months, I dont see any posts from you ?? I will leave you all to it now, GL..

They have stopped the cash burn from other projects.. Keep putting off paying the final chunk of cash for Swazi Gold, Fell out of bed with KIM (read into that deal and how they were in bed together as per a few months ago).. The cash they have is not enough to fund the project 100% (hence the reason why BHP was accepted to fund it in the first place), so that tells me a loan, or rights issue.. Same old story as per many miners in these times.. The current Sp is just moving back to the region it has been for many months.. As I said before the only bit of new news is BHP pulling out.. Nothing else has changed, apart from the cash will be used up quicked now.. The BHP deal was the only bit of good news for DWY previously, so what now??

I think you have to look at this again chaps. The only really bit of news is that BHP have stopped funding the project and have walked away, leaving DWY to fund it 100%.. Does that tell you anything? And go back through the posts for the past few months, I have been following these quite close, and this piece of news was expected… It would have been better if BHP continued the funding...

And at last half year results give the news that the Swazi Project deadline has been extended again to 30th June 09, from 28th Feb...

It's been on the cards for some time now.. I have been following them with ref Swazi Gold, which they are slow in updating if they paid for the final earn in ....

I think you need to do more reading into them, have a look at their website, the original deal was 100% funded by BHP, but now BHP has decided to stop the funding... Leaving DWY with the project and the responsibility of funding it.... Now why would a world leader walk away??? Not big enough for them? To costly for them?? Surely BHP would have some data on what resources are in the area??