Member Info for ForrestGump

DTM. Harry might have a point. As Ethiopia seems destined to remain a 19th century country whilst Saudi is aiming for the 21st century, and beyond. I personally have had it in the back of my mind that we'd see pay dirt from Saudi before Ethopia, provided we don't go bankrupt first.

Over to the experts.

TEO Highlights:

· Revenue is based on a conservative nickel price of US$ 13,300/t (US$ 18,600/t today) and a copper price of US$5,960/t (US$ 9,260/t today). Metal recoveries derived by Gipronickel Institute (a wholly owned subsidiary of Norilsk Nickel) are anticipated to be 73.5% for nickel and 52.3% for copper based on a nickel cut-off grade of 0.3% nickel.

· Russian B + C1 reserve inclusive of in-balance and off-balance totals 144.2 million ore tonnes containing 1.10 million nickel tonnes and 304 thousand copper tonnes. This inventory approximates the JORC resource categories of Measured and Indicated.

· Potential mine life estimated to be 25 years, sustaining an 11.2 million tonne per year throughput.

· Open pit mining operating costs per ore tonne US$ 14.79 (ore plus waste cost). All other costs total $33.25 per ore tonne FOB Vladivostok, Russia.

· Total initial capital costs are projected to be approximately US$ 1.0 billion including the construction of a power line and a dual carriageway gravel surface road. Working capital expenditures projected to be US$ 83 million.

On 30 June 2021, the Company announced that RPM Global had completed an update to the JORC resource estimates including all drilling and trenching. Based on a 0.3% nickel equivalent cut-off grade ("COG"), the global JORC ore tonnage has increased by 19.2 million tonnes ("Mt") (12.4%) to 174.3 Mt, by 156,000 nickel tonnes (13.5%) to 1.31 Mt of nickel (averaging 0.75% nickel) and by 53,000 copper tonnes (16.6%) to 372,000 copper tonnes (averaging 0.21% copper). A 0.3% nickel cut-off grade was used to calculate the JORC Resource compared to previously reported resources at a 0.4% Nickel cut off-grade. The reduction in the COG is primarily due to the metallurgical test results by Gipronickel Institute which confirmed that two revenue generating concentrate products (Ni and Cu) could be produced. Previous resource estimates were based on a single nickel only payable concentrate being produced with zero revenue contribution being derived from the copper.

I've missed current cash balance and admin costs, etc.
GLA

I sold about 40% of my shares, at about break even, a few months ago due to the mini civil war. I'm now antipating being underwater here for the next few years. This one's going into the bottom drawer, along with a few others. Hopefully, we don't see bankruptcy.
GLA

Steve. That fact that we didn't go sub 0.6p is the only thing making me hopeful that you might be right.

Steve. Whatever the reasons given, this has gone on for too long. I'm a relative newbie, having only been invested here for about 2 years. Bankruptcy has to be high on likely outcomes in the near-term. I say this as someone with 870k shares, so I'm not out to talk the share price down.

Steve4077. Whatever the reasons given, this has gone on for too long. I'm a relative newbie, having only been invested here for about 2 years. Bankruptcy has to be high on likely outcomes in the near-term. I say this as someone with 870k shares, so I'm not out to talk the share price down.

If we are very, very lucky, Harry will be able to successfully push through a placing off the back of Saudi for about 1.0p. I was prepared to take the hit as this is a high potential long-term mult-bagger, but there will be nothing to see here until circa 2023.
GLA

With Brent Crude hitting $80 a barrel, the only way is up. Long may this last!

LL. Nobody really knows anything. But to be fair to TW, he probably didn't include a mini civil war in his price prediction model. What matters now is whether people with real money are willing to bet on a nation and help fund it into the 21st century. I'll admit to selling off a bit here, but my punt is worth about £17k.

Musk. Any delay, whatever the reason, will likely IMO see us at sub 0.6p with a placing lifeline thrown-in off the back of our Saudi assets. Saudi on its own will likely make us money, but it would be a hell of a wait. That said, I'm hopeful that Harry is going to kick the TK financing deal through the goalposts. Based upon what? A gut feeling.
ATB, FG

Will Harry use this event to celebrate the good news? Let's hope so. Cometh the hour.....
GLA

Might we not be a one trick pony? Let's see what Mr Market thinks.
GLA

Hopefully, the people who really understand the numbers will concur. But looks like happy days ahead.
GLA

I agree with Loz786. Supposedly, we are sitting on one trillion cubic feet of gas. Who isn't going to take a gamble, even at odds of about 3 to 1, on that? The problem, IMO, is likely to be one of cashing-in, top slicing or trusting to Lady Luck for the multi-bag?

Pilgrim1. I know it's not solely aimed at women, but I remember viewing GB on more than one proactive interview in which he gave me the impression that the product was definitely going to marketed to the ladies. I've been in, and around, DVRG for quite a while now and might just know a bit more about our product line than you think.
ATB, FG

Mysteriously the messages return and I look like a right fool. To the moderator, I'd be grateful if you can please delete this and my last post.
Please accept my apologies Chris2. I thought you'd put a complaint in against us.

I only ask, as many posts have been removed since our little swipes at the poster who has, on several occasions, gloated about reductions in the UFO share price that may have caused investors considerable angst. I don't wish to have my account deleted but something appears to be rotten in the State of Denmark.

Chris2. Am I glad that you're here spreading your wise words at 0.8p and not sub 0.6p. Hopefully, this is as good as it gets for you.
ATB, FG

Might our 7.5 million share whale be moving on? My take is that someone knew/guessed news was coming, took a gamgle, and it hasn't paid off for them. If so, no worries. My guess that 0.85p was going to be the new baseline is obviously wrong, but I'm not worried about the share price going forward. It looks like we're here for the long haul, but news flow should only be positive here on end. I hope that everyone has a great weekend.
ATB, FG

I know nothing about women's skin care products, but I'm assuming that we will need bigger female fish, in the social media space, than "Miss Limerick 2015" to get the subscribers flooding in. The concept should appeal to women but the price is prohibitive - for it to work we need some bigger names. "We're worth it" seems to work best when the "We" includes an international celebrity. My take on this is that STC won't give us pay dirt until profits from other areas of the business allow for a massive increase in STC's marketing budget. Fortunately, IMO, breath and water testing has legs!
GLA