Member Info for GeologyStudent

I agree. VAST has 3 times the market value as CRA. But do you know what the funny thing is? Not only is our mine 12 times bigger than their flagship Manaila project, but our copper grades are far superior - we have a processing capacity of 1.2mill tpa compared to their 0.1mill tpa, and our grades are 1% compared to their 0.75%. In other words, we produce more copper in a month than they do in a year. I'm pretty confident this will rise once we establish steady state production at nameplate capacity and achieve positive operating cash flow next month. It may take a few months for the share price to correct, however.

He was the Project Director of the Tati Nickel Mine in Botswana. It employed roughly 700 people and had a processing capacity of 5mill tpa, producing 14,500 tonnes of nickel. In comparison, the Mowana Mine employs 200-300 people and currently has a processing capacity of 1.2mill tpa with the aim to increase it to 2.6mill tpa via DMS.

The downtrend we are experiencing is a manifestation of MJ's work. Kevin is the just in the unfortunate position of inheriting this mess, but I believe he has the technical capability to create value for shareholders -he has demonstrated this at LionOre where he was Project Director at mine substantially larger than Mowana.

MJ has 300,000 shares,most of which were from a conversion of deferred remuneration at 31p. He is a clueless idiot who has no business in any industry - the audacity of the man to continue taking a six-figure salary after overseeing a share price collapse of 98%.

should contact MJ and congratulate him over the amazing shareholder value he's created.

No. MJ, as far I'm concerned, is history. Kevin and Penmin are running the show. Kevin demoted him as soon as he realised he's not even competent enough to run a kitchen in McDonalds.

The clown converted his deferred remuneration of £60k into shares at 31.22p. His shareholding is now worth £8k. Nonetheless, I imagine he's still enjoying his £150k per annum. salary.

I agree with your sentiments. Awful. Abysmal. The share price is a function of market confidence and we are at an all-time low. However, if the copper price can maintain its current level, we should be heading to 15p in the next few months. From an operational standpoint, the management team have done a commendable job given the dire situation we were in last year. We only initiated the Accelerated Development Plan in May, and the next couple of months will see us reaching nameplate capacity.

We will be generating EBITDA (proxy for positive operating cash flow) above $1.85/lb, and net income above $2.40/lb at full capacity in September onward. In August, we will be operating at 85% of capacity, therefore we will be generating EBITDA above $2.18/lb.

Complete rubbish. The share price currently reflects our operational performance. We failed to break-even last month due to process plant breakdown, after a break-even month in June. Until we have established steady state production at full capacity, the share price will languish. I expect an uplift to 15p by Q4 2018/Q1 2019 when full capacity is achieved. Rough calculations put us at 30-40p by Q2 2020.

To those who wish to offer constructive feedback to the infamous Mark Jones: m.jones@cradlearc.com (not sure if the contact is still valid).

The processing plant broke down for a week in July, resulting in a 25% decrease in scheduled throughput. CRA will reach full capacity in September, in which case, our net operating cashflow should be approx. $2mill in that month @ $2.75/lb (@$3.00/lb = $2.6mill). All is not lost. I reiterate my target price of 15p at current copper price, and 18p @ $3.00/lb.

£300k in 2013*

I assume that 99,000 trade at opening was yours. That was worth £20k pre-suspension and £100k in 2013. The fault lies entirely in the hands of Mark Jones. I'm still giving Kevin Wouw a chance to prove himself in the remainder of 2018.

In my belief, they will secure financing for the DMS by year-end 2018. The potential creditors need to be assured that operations are stable and producing output as scheduled. Thereafter, construction will commence and conclude by Q4 2019. We will see a material difference in output by Q2 2020.

In terms of shareholder value and considering our suspension price of 20p, I believe our acquisition of the Mowana mine could be classified as an incredibly poor acquisition. Has there ever been a situation in the history of mining whereby an asset acquired through acquisition, producing at full capacity, could lead to a share price lower than pre-acquisition? One thing is for certain, however. Our board will continue to earn six-figures and reap the rewards of a multi-million pound management incentive plan.

At full capacity and factoring in new dilution, we should be trading at 15p by Q1 2019 with copper prices at $2.80/lb. This will be increased to 20p on the basis that we can increase our equity in Leboam to 70%. In the event that copper prices reverts back to $3-3.20/lb, I expect 18p with current equity structure and 24p upon increased equity.

Breakeven at C1 costs is $4mill/month. We should be generating $5.2mill revenue for the month of August and $6.2mill revenue at full capacity, at current copper price.

They were scheduled to producd approx. 650 and 850 tonnes of copper in July and August, respectively. If guidance is unchanged, then I presume production did not fall to far below 650 tonnes for the month of July. For the month of September and onwards, they should be operating at full capacity and producing 1-1.1k tonnes of copper per month.

However, the firm is aiming to achieve nameplate capacity by the start of Q4 -October. I expect a move upwards to 20-25p in Q4 2018 or Q1 2019.