Member Info for GingerHippo

Nothing has changed. I'm still expecting it about 4 weeks after the last RNS, ie end of October.

56 hours? Unless you work for DLA ;and can get fired for breaching confidentiality) you have no way of knowing that.

Great RNS to come? Yes. In 56 hours? Nobody knows

Sampson, if you believe that I have a bridge to sell you.......

“ It seems to have enough assets to cover long term liability“

The only assets it has are the mining licenses. These are held at cost, ie this is the amount spent on them, not the amount they’re worth.

So there is nothing there to cover the liability and no revenues to pay for ongoing work. Placing is the only way this company can continue unless it sells its licenses which is years away if at all.

The problem as i see it is company has little cash and no way of generating revenue to pay for its millions in debt. So it will have to dilute (especially if the sp went anywhere near 5p) on a regular basis just to keep itself alive.

@TradeInvestor, I too would like to know more about time frames if you would be able to share.

Obviously we don't know when they started, but how long do you think from start to finish from their side?

Rowka, $130Bn for 40M oz is $3,250 per oz, so the license clearly isn't worth quite that.

I think it would be fair to estimate somewhere between $1M and $130Bn..................................

Would be ridiculous to expect them to value the licenses at market value.

What is the market value? That's the several billion dollar question.

It doesn’t mean DLA represent these companies on everything. So it doesn’t mean they’re representing AAL or NN on this.

I think the main point is, we’ve hired some very big names.

"several professional advisers including UBS on investment banking side and recently DLA Piper"

Several. Apart from UBS and DLA Piper. Clients include Anglo American and Norilsk Nickel.

DLA Piper? Huge firm.

"On approval West Kytlim will contain the largest soft rock PGM resource globally."

That PE ratio looks bad. I'm getting worried now.......................

lol

There is no 'next EUA'

If anybody can predict two 50 baggers in a row they'd be a multi millionaire in no time.

Start with £20K:
£20K x 50 x 50 = use a nice big calculator

All companies got an extra 3 months this year. I don't know why EUA had to even apply.

In any case just because they have an extension doesn't mean they have to use it. But they needed it because the audit wasn't finished.

The annual accounts were delayed by the auditors. Interim results are not audited.

Lol. If you don’t want to be accused of cross ramping, don’t cross ramp. It’s very simple.

We don’t know it’s a no news day. And even if it is, so what?

How bout a Snatch quote:

Listen, sunshine, if I throw a dog a bone, I don't want to know if it tastes good or not. You stop me again whilst I'm posting, and I'll filter your deramps off

Something like that anyway.

I'm walking on sunshine, whoa
I'm walking on sunshine, whoa
I'm walking on sunshine, whoa
And don't it feel good
Hey, all right now
And don't it feel good
Hey, yeah

Just filter the guy

Shouldn't you be manning the Samaritans......?

Well aren't you cheery, DV

I make the purchase 18.9p so that would have been late on Tuesday I think. Probably why the sp shot up.