Member Info for Fortitude

Turnover for years end should of course read £15.3m not £ 11m……………………………

Are you still on board ? I know you had a large holding here !………..

Update today looks encouraging as we leave the ghastly days of complete lockdown behind us. As I would expect the pub, commercial property and bio sciences leading the way. The rest recovering in line with market expectations. My one slight caveat here the problem of getting more quality pubs on board. Has been an issue from the outset. We shall see. Turnover for years end encouraging at 11m , good under present circumstances. Just to broaden matters both GC companies I and K looking good to go……….
C1 haven’t heard from you for a while!………

Dennis Edmonds tells me that the tantalum ,diamond production and HMS will within the next few months start to produce serious earnings and he seems to be saying funding for the pipeline could be financed in house regardless of a third party. I have no doubt he is not prone to over exaggeration and bases his three month confidence prediction on hard facts. He surely is in the best position to know. Regarding Larry Johnson’s departure we had two very competent CEOs and frankly one of them had to put their head on the block. I do think with Edmonds we shall see a lot more RNSs as we accelerate away from the set up stage to that of a more mature company. The stars here are the tantalum and HMS projects. Both are simply enormous………………… ????

Interesting to see Rainbow , Martin Eales old company which he acquired all the finance and and mining rights and permits for ,now back over 15p after a period of profit taking from over 20p. I have always said ME is the best when it comes to negotiating deals. There is much to look forward to ahead. For the war weary veterans like myself with a ten year investment here ,a very welcome outcome…………….

Make no mistake ,no Martin Eales then probably very little chance of a deal. I have been watching this man a long while right back to Rainbow REM days. He had exactly the same battle then as now. Everybody was saying he hadn’t a chance . He finally got the only REM company to a full finance deal
I would just like to thank Martin and his team for all their efforts well done
I should also like to thank Giles Clarke for without him no Martin Eales. As everybody who reads my posts , I am a great fan of him ,having invested in his companies over many years..
If you read this Giles ,would dearly like to see another Barkby company launched by you namely an English company…………….

Very sad to learn of LJs departure. Not easy to speculate on reason ,it would be sheer conjecture. At the outset he had a vision of expansion and to produce a global company stretching the continents. There is little doubt over his five year tenure he has put up with a hostile physical environment as well as sheds loads of abuse and deflammatory character assassination. I know because I have had to a lesser degree had the same experience. The company however is in very safe hands with Dennis Edmonds and as he has said the next three months will be transformational . I have been writing here for nearly 10 years now and have never once had any doubts where Ironveld and Kazera were going. I again reiterate the the two companies are inextricably linked. They will quite simply bounce off each other. The future ahead for these two GC companies is now assured . …………………..

Now the “ silly season “ is out the way it’s worth reminding ourselves that we are firmly two separate companies with two separate CEOs which inevitably will lead to aggressive competition between the two…..Almost certainly Edmonds will be holding back RNS for a few months to show the results of a period of higher carat production further he will want to waive a license under our noses for HMS…..The HMS project is a game changer and would recommend a read on the Rainbow REM website…..The period till Christmas should culminate in a steady news flow……a rerate here is on the cards…………………..

Ismalia………what seems to have been forgotten by posters is the part being played by our diamond mine in SA…. As at June 4th we were about to become cash generative after several auctions…..Dennis Edmonds as you would expect is a highly respected mining CEO holding two other company chairs….as the last report stated the emphasis to mining a larger cut of diamond would greatly increase the profitability issue…. As I have consistently underlined the license for HMS will be transformational….. one look at Rainbow REM confirms this……yes for me silence is golden we just want HMS and TVM together announced nothing less………………

Ismalia…….yes you are right the mc is £30m …..I was looking at my notes six months ago when the price was 28 p and nudging mc £40m…..regarding the silence and news on both suitors I believe both companies now will only release RNS once the deals are completed…….as I have said May times the pandemic has hardly been helpful…..on both companies there has been four months or so of silence which would indicate to me that talks are continuing and are well advanced……I have always thought early autumn will reveal deals not least because it’s the end of the silly season…..we shall see ,I am very optimistic but then I always have been………………………..

DTN…….what I said was that I started posting 12 years ago and this was in Ironveld…..I concede that 10 years investment in Iron is far too long and this will change shortly…..LJ at Kazera Global has only been in charge since 2017 ,no time at all in mining terms…..Ismalia …. You and I have crossed swords many times at Barkby and through this you should of all people recognise the GC and LJ abilities…..When everyone at Sovereign had given up I stood alone saying that it would come right and so it did…..a 40 million pound company…….As I have alluded to many times I never talk about my investments potential in the public domain……………………….

F B …….I read with interest your posts and belief in L J to get the job done …make no mistake he has been frustrated to an unimaginable level by the Namibian government who are setting a very high level for both creditors financial status and their general track record. … As stated in RNS we have two suitors ,both it now seems to be up against the same hurdle…we are now awaiting the government green light. … I believe in the adage that if you don’t have anything to say ,don’t say anything at all…. While writing worth reiterating that both Ironveld and Kazera are inextricably linked mostly due to shared management…..worth investing there too. ….I remain as convinced as I was when my posting started 12 years ago that both companies will outperform and remain thus….As most will know I place all my investment decisions on the strength of the management which in this case is excellent………..

Pleased to see you have followed my advice and drawn stumps ! One caveat, just hope you don’t ‘rue the day ‘…………………………….

at the moment but make no mistake much is going on in the background. We have had many RNSs which when received were positive only to be reversed a few hours later. Put another way , I don’t want an average RNS ,I need the real thing . It needs to contain the HMS licence along with the finance deal for the TVM. For me nothing else will do.! For those with a nervous disposition this will arrive and calm a few nerves . We have a tandem scenario being played out with Ironveld. Both companies will shine soon and then perhaps we can return to more rational postings and those who are in a hurry to exit ,will be able to do so……………….

Good news…..the patient will be rewarded shortly….for those with ants in their pants should bow out and leave the arena…..all Giles Clarke companies are doing well but the African ones need more patience…..for those of a sceptical disposition there is no way any of his companies will go bust or get sold on…..it’s not in GCs mindset !………………….

The silly season from June till early September is rapidly approaching its end. This period of silliness is only exceeded by some of the posts I have read. For me no news is good news and if I were running the company I would be in no hurry to RNS during this very dull period. For those drawing stumps they have made their choice and I wish them well. For those who are patient the rewards will be good. Nothing has changed here but the time scale and this is only to be expected in this part of the world. Further patience is required ………….

I would again remind everybody that in part the fall back in share price is due to the silly season….This period engulfs May to September every year….we have the team…we have the products…we still have the time....this is very unlikely to end in tears ! ……………….

As I have said so many times before, if anyone can do it it will be Martin Eales……a brilliant negotiator with track record to boot!…………

Sale…………………very unlikely ?…………..

On checking Giles Clarke’s position within Ironveld ,the latest update recorded on 9th July 2021 states his position as Non Executive Chairman !…………………..