Member Info for Gibdog101

It’s good to see , realistically last year BW was just a asset with no foreseeable way to make it come into production.

I know we all like to slate the board on this Chat , but onboarding of potentail $51m investment, was a massive thing , turns BW from blue sky thinking , to something that within 5 years could be adding real market value .

The Stock here and the MC are horrifically low , and that demonstrates wider feeling that ATM can’t pull things together , OT , ACAM , and SQM are expressing a diffrent opionion. It’s now all about the price of tin keeping us above water , and paying down some liability whilst we wait for one of the many irons in the fire to be ready.

@nesty totally get it , very frustrating .

Like you say likely on the cusp of making a profit , and starting to turn this around. Stay strong, good news has to be inbound, and only about 2 months of Hesge remaining . That alone adds $3M a year if we suspect tin to contuine to trade in the 45-50 range .

That’s becoming a fair point , although profits are going to likely be record break for the group, so it could contuine , but I ask myself to what end , and agree that surely the priority now has to be finding new ore bodies. We are very lucky that Kounrad have demonstrated a slower reduction than first anticaptated, but prehaps that has caused come corporate complacency . I’m not that shaken by yesterdays RNS , but I do hope it focuses the BODs minds into looking for new ventures.

Kounrad is an exceptional resource, and you raise an interesting point , but there are projects out there for sure.

And yea with current metal prices I’m sure assets are not going cheap , not sure on the billon dollar price tag , as we are about half way through the kounrad LoM with work on going to extend it , would you currently value it at half a billon , if so half a billon pound asset plus $80m banked with a MC of £300M

Circa . We are drastically under priced then , or you are prehaps slightly over egging the asset values , either way . $80m in hand , plus a pipeline of income , we have options for sure , I don’t think investors would collectily chuck their dummies if Div was cut to fund purchase and run up of new sites , this company has plenty of wiggle room on the market , even if you consider $80m a politry sum.

Think the consensus here , is shock and disgust at this RNS.

What is particularly irksome is the revaluing of old warrants , its reasonably uncommon and rewards people that are no longer involved or dare i say even invested in the company.

The messaging of this couldn't be further off point if it tried to be, when warrants were over 10P it at least signalled to the market that the BOD had faith of a SP well in excess of that. What does this latest repricing signal , that 10p is deemed unachievable before 2033??

not good messaging, it will not inspire any iis to pile in, and heaven forbid we need to raise capital, because we will likely get worst terms against convertable notices, with the internal vote of non-confidance and demonstration of retrospectively fudging warrants, this will impact trust, and trust is no a infinite resource when looking for JV or funding partners, you have in essence just given the finger to ACAM that brought into, not just the BW but placed a holding in the company , that you just diluted.

I've little drama with shares in-lieu of bonuses, retains talent, drive performance ect ect , revaluing old warrants very morally poor and bad business.

id like to think this precedes stella news, but if it did then why is there a need to revalue to 5p?

Massive own goal by the BOD, disappointing, and feels a little morally corrupt , damage the company reputation to earn some pocket money for yourselves.

Slight silver lining I didn’t pick up on during first read , although a reduction of the pre body by 3m tons , there is at least a marginal pre grade increase.

$80m in the bank , that’s more than enough for new projects, I’m hopeful on either another leeching site in K , but we as a group really do have the pockets to fund something quite impressive. Stress causes adaptation and I hope the stress the BOD feel about the shorter LoM leads to some real progress on broadening the asset base by now more than one project .

Agree TdT slashing the the share buying price in half and letting that run until 2033 is outrageous !

If it was time limited , half the price half the length to exercises it could be swallowed , but 5p . Come on that’s a kick in the balls to all longer twrm holder thay beleived the BOD might buy in at 10p !

Well they are getting good value for their remaining buyback budget right now haha

Well MC has dropped by £90M today , over a downgrade of no more than $120m on a asset that wasn’t that exciting or

Profitable .

Wouldn’t say I’m glad yet , but I do think this will really focus the BOD mind on getting a new project in the pipeline.

Looking forward to the results for the year .

I will continue to hold and risk being called a fool , here’s why , the Macadonian mines , never really got my blood up anyway.

This is a small cap miner set to release result of $80m profit for FY 2026 , with a now MC of $400m?

Yes the assets have 10 years to run.

The company is in a great cash posistion , and will be forced to commit to a acquisition in the next year or two , once they have new assets I’ve no doubt they will do what they’ve a good track record of , turning those assets cash generative .

Forward PE so low it’s criminal. This is a repeat of the Septembers bed wetting by share holders , repost this in 6 months , and see how my sentiment holds up.

@bohercom yea I think I saw that interview , and not being a engineer , I think you can’t build up fines without having some material being processed. So I’m hoping you are correct and numbers above 550T are published for the 2nd half.

I also think this is going to be over done ! But it comes poorly timed with the market cooled by the geopolitical . Think it might just be one of them weeks where it’s best to close the laptop and not check in haha , this over adjustment might head a fair bit lower , but cash to hand in the company shouldn’t be under estimated . Expecting to see sub 190, and recovery once people calm themselfs and remember the profits on copper are world class !

Interesting , so in theory do you think there is a requirement to RNS to commissioning of the jog plant , if that came online this month , or would it be considered legitimate to put that info in with the production RNs ?

I share your concerns , about the lack of a forward project , and there are plenty of opportunities or JVs out there. Follow a small cap company in Namibia and they’ve just had a phased buy in JV on an old copper , tin and tungsten mine at Brandenburg West , which was prevoiusly ran by SA company goldfields in the 1980s , something like the buy in was 40-50M USD so well within CAMLs ability , prehaps they don’t like JVs . But my point is there are proven or semi proven assets that would suit the company , I think if you waste time searching for unicorns , you miss plenty of decent horses .

Ha fair points, guess for now have to be content with the week on week of profitable production , and the end of the Tin Hedge in May which we know is happening , like you say, the rest could happen next week or next year.

i think with so many potential positives its hard to maintain patience.

How many more weeks can actually pass without updated production numbers ! At this rate we will have H2 2026 results before , a jig plant and new production guidance !

Both will of course be positive ! Honestly thought they’d be a jig plant by March , 4 weeks till that prediction becomes wrong .

Thanks TDT , yea so nothing new there , doesn’t seem to be any new info ! Checked with a few local papers, but nothing .

No doubt this will resolve one way or the other , good point is , I don’t think the Goantagab ore is priced into the SP really , so if it goes against mining I don’t see a drop in SP , and if it goes ahead then that value will be added to he MC.

2026 lots of irons in the fire , fingers crossed Tin stays over 40k then we can afford to wait for one of these game changers to be realised:

This has been on my mind, i know this was discussed on this chat board back in September when this was published

https://www.namibian.com.na/court-throws-out-tourism-companys-bid-to-halt-mine-blasting/

What i'm asking is was there a subsequent update and explanation for why this 3rd party ore isn't in play yet?

i notice its now listed as non urgent case for the court , the interim ruling allows mining onsite at goantagab , but did it bar transport of ore?

Arrrh Hummm 560k is very much less of a round number 🤦‍♀️

Those late reported trades , add up with be pretty much £600,000 pretty much on the nose .

Prehaps a collective purchase which had to be negatioated in phases as it was too much for the market maker .

However the round number of 600k makes me think they are all the same buyer.