Member Info for grahamwickens

Just bought into here on the recent drop; looks to me like a well run company that's growing quickly AND paying dividends so what s not to like . . .well, maybe the lack of promotional activity carried out in the UK; they're not selling themselves and it seem to me that you just stumble across them by chance rather than them having any sort of profile. Anyway I'll stick around for a while to see which direction it decides to hobble in.

Unlikely - I know the calculations are probably quite complex but I'd have thought it cheaper for Northam to put some of their mothballed operations back on-line before investing the billions needed to sink a new mine.

Yes, and we don't even have to pay for the refurb.

All depends on the level of institutional investment they are able to attract and they will only do that by hitting milestones and setting expectations on income and profit for the year. Without substantial institutional investment there will always be profit takers frustrating the life out of us investors.

Looking at the Kabwe map I wouldn't be surprised if Leopard Mining didn't want our area as it does seem to be smack in the middle of theirs.

My take on it is that the 'rogue factors' mentioned in the RNs were probably being incentivised by larger foreign mining companies to transfer the licence to their benefit. Now that these factors have been routed maybe the licence will be re-instated fairly quickly.

Maybe even the MMs are getting bored of the wait

He's made it quite clear why he doesn't buy shares directly and in fact has lots of skin in the game as has been partially taking shares in lieu of salary for about 3 years but if you're not convince then perhaps you shouldn't invest.

I guess we should see an RNS today to say that the Approved Work Programme is in place but that the final decision to proceed will be dependent on the resolution of the ML issue, so basically a delay to the programme until resolved.

I stand corrected . . thanks TbT

We are processing tailings only; we don't have or necessarily want the Mining Licence, mining is not the business that we're in and as far as I can tell neither Colin or Lean have expressed any interest getting into it. The only relevance the ML has is for the continued replenishment of tailings once the current stockpiles run out.