Member Info for graham-wales

More plant and equipment perhaps they could try selling some of the crap they originally bought and tried to fix up. Who they buying it from this time one of their mates.

couple of mentions for HAYD, not sure if you've seen it. http://www.natep.org.uk/documents/Materials%20Projects%2010052016.pdf

Any chance you can give your views on CPX good or bad either way would be welcome. Sorry for the off topic here guys.

Make that a big sell

Problem I see here is that the carat per tonne is decreasing the deeper they go. Now the next lot they crush may be slightly better as it is old stock but try not to get to excited as I doubt it will cover costs. They have ploughed a lot of money and effort into this and can't fault them for that but if the mine is not viable then there's nothing they can do about it even crushing more won't give them the return they need to cover the costs.

No worries like I said just be careful. Keep an eye on what prices they get and the carat per tonne. I thought they were an excellent company when they first listed. I didn't sell for a loss either but after a while could see that they weren't going to make money here. I believe they are giving it a go but very few diamond mines make it.

The plant they were/are using was second and had a lot of money spent on it to get it to work. They continue to have problems hence bringing a contractor in. Also their safety standards seem terrible even getting shut down for no guarding.

That's providing they can ramp up both plants and the quality of the diamonds improve. The prices they were getting for the diamonds on the samples were far in excess of what they got last time. Makes you wonder where they got the samples from. Nudge nudge lol

They have bought a second hand plant similar to what they already have for �82k that the operator didn't want. Draw your own conclusions but at a guess the operator could not make sufficient revenue to keep it going. Now BRD have 2 similar second hand plants to operate increasing costs and the diamond grade getting lower. What other reasons do you want.

Why does everyone say that your bitter if your posting arming a about a company you've been in lol. Go ahead stick the house in here just trying to be helpful but pay not attention to me after all you know it all

Just be a little cautious as the diamond grade was deteriorating the lower they went. They have been saying they were increasing production 2 years ago.

Was in here quite a while ago, why would the operator want to sell the plant if he was making loads of money from the diamond revenue. Be careful.

What's happened here

You probably got some more to come next week but don't hang around to long unless of course they announce this amazing deal involving Microsoft using their software lol

Lol

Why did you post that?

Don't forget the new shares issued to directors on that date.

Can you quantify substantial value with actual resource. There isn't any resource and I very much doubt the new company will want to do any deep drilling there. As I said it's a cost and may actually cost them to offload as they have already stated in the admin doc.

It's a liability not an asset, costs them money to maintain the licence and was incorrectly reported by mark rip off Reiley as a very good prospect. It's crap basically and was done to allow Darwin to initially sell some loan notes. Big fat zero value

I don't anymore which is why i was trying to discourage people buying in when they relisted. :-)