Member Info for granto

nobody told me Iron prices were red hot….. wow what a link….

A mine of this size is capable to generating 4m carats of sellable sapphires annually, and full ramp up should not take much longer than 48 months. the current 375,000 per quarter is really the opening rampup quarter of full production here and I would estimate this will increase to 500,000 to 600,000 by Q2/Q3. Current mining costs at under $3 a carat and this will improve with economies of scale to around $2.50 by next Q2/3. this will put the company in a marginally profitable position and in control of its destiny. what I mean by that is options to Heat treat stones for specific buyers, invest in equipment, marketing, new contacts in sales, reputation building, all these things are part of ramp up its not just the production, even though that is the primary issue. I would be disappointed of RLD does not reach 2m carats for 2016 as a minimum. as an investment, I would suggest that as it stands the company is about to enter the profit zone and will once there open new ideas and directions. However, with a tinge of regret I fell this is an absolute buyout target for mid scale miner like the oft mentioned Gemfields. Sapphire's are the one string to Gemfields bow that is missing, and better still the mine is a politically sound country unlike some of its other mines. If I were Gemfields CEO this would be a 'must buy' project. The Chinese are buying every decent asset in sight and while this is a small morsel it is an attractive one. owning the 'biggest Sapphire mine in the WORLD' has a certain 'wow' factor. Of course there are Austalian Sapphire mines with 'world class stones' and if these were added to the project and product mix, you would have a real sweet package to sell. So, I think if you have invested here, you have invested wisely, albeit a big risk investment with lots of unknowns. Richland would resist any sale and its management are ambitious and will want to grow and expand of the years ahead. If production target ares met and sales are managed carefully, even a slightly profitable Richland would be worth a mutable of its share price today. The likes of Gemfields would say ' If Richland can make $1m annually from the mine, if we strip out the cost of Richland management and corporate structure, we could make $3m from it'…. It would be a sad day to see the dream being sold, but if a generous offer was tabled ….. Blackrock Inc won't be sentimental about giving the nod…….DYOR and GLA……bets of luck and I hope that helps a little.

Still here pops ..... It's strutting

Saniam are bang on the money here. as with all gem miners 80% of the profit comes from the best 20% of the stones, and that will be in late Q1. It's a little too early to try and accurately forecast accounts here, but fire ahead and try by all means. I hope Richland is not sold and develops Australian Sapphires but I'm the hands of another mining company such as Gemstones the cost per carat would drop well below $2 as HQ costs would be stripped out. Richland clearly needs more than this or it will make more sense to merge. I truly hope it expands. Huge opportunity here to grow into a gem giant. If Richland Pull this off, the Blackrock Inc of this world will line up to project finance the next mines. rapidly. well played so fair by management here in what is a completely new market for them. The new licenses tells you all you need to know. If this clicks, they will open several mines. quickly.

you are correct when you say there is a lot of unknowns here. Perhaps the key feature here is that the company is approaching profitability bearing in mind we have no debt and some cash at hand.

Interesting to BR up its stake, slightly but up all the same.

Very good RNS for those that can read between the lines here. the $1.34 per Carat includes the sub 4mm carats. Gem sellers are reluctant to reveal exact figures for specific stone sizes because its highly sensitive. I'm happy.

opps, sorry you have a core holding. well done.

you'll miss the long planned Oxus Christmas party in London if the award comes in December and we win… I think I'll scream the house down if we win…..

just took 30,000 as 3.44p……holding way to much here, but worth a top up sub 350p I think. ….. really wish this would come to a close. I always thought this would be painfully long, but successful in the end. fingers crossed.

totally disagree, the best time to build a mine is clearly when prices are at their best. would you open a restaurant when business is brutal ? However, ORM is cheap as chips at this level….good interview here with the new CEO...http://www.proactiveinvestors.co.uk/companies/stocktube/4303/ormondes-new-board-focused-on-brining-barruecopardo-to-production-4303.html

As you rightly pointed out - the value is linked to performance . Let's wait and see .

Better to have positive reports .. I doubt we'll get an RNS but you never know

CEO's are Expected to ignore Market gossip. But when prominent media sources such as Bloomberg , Reuters, daily Mail ( London,and others are reporting that a merger /sale is afoot the CEO HAS to respond . When one SIP reports it that's one thing , we are now into several SIPs ( secondary information providers ). And not a word. I would have expected Nick Cooper to be more professional - it's not like him . Leads me to think it's true but his hands are tied .

Now things have escalated to the level Where the media are identifying the rumored buyers. Does it have to appear in the FT weekend edition before the CEO acts? He can of course choose to ignore it - but coupled with the SP rise I think the OE should inform us .

yes and if you scroll back Popeye called his shares when he purchased them, he identified his trades to posters here….only holding a few myself. 10% of my summer holding but hey I'm enjoying the mini drama of the talks talk.

Genel reported in the same report as suitors ..... Wonder what next ?

http://www.thisismoney.co.uk/money/markets/article-3335406/MARKET-REPORT-Elixir-youth-renews-Sinclair-announces-sale-medical-dermatology-business-Alliance-Pharma-127-5m.html . Seplat's owners linked to the Ophir ' all cash ' knockout buyout deal ...... Drill down ..

Apologies - lol.

If I were you I'd offload profit . And have a great Xmas . This could swing back down as easily as it could swing up . With profit locked in and taken - you can rest easy .a fall will not hurt up - and a ride you can enjoy. Delighted for you.