Member Info for hazrat

Hope you are right rhodi. The volumes are so tiny at the moment, barely a fraction of the market cap. Suggests to me that positions have been taken, now everyone is just waiting to see if a deal is signed. If good news comes the price will rocket. Any delays beyond the self imposed deadline of a deal by end of June and we are in trouble.

Fixed costs amount to approx. $100k per month. This means the variable cost of production is $993 per tonne. If production has ramped up to 200 tonnes a month from April, Rainbow may have made $129k this quarter.

Selling the stockpile of 229 tonnes left at the end of April will have generated $392k in the quarter if the sales price remained constant.

Please someone else challenge these workings. Maybe $1m for new equipment not spent yet. Maybe Apr to Jun sales were much improved with clearing of the back log of mined concentrate. Their would certainly help.

= roughly 0 left in the bank

Depends on cash position. If about to go bust they can't chose when to raise funds. Unless production and more importantly, sales has increased exponentially the quarter then some form of fundraising must be on the cards. Only $2.7m in the bank at end of Dec. Loss of $460k from Jan to Mar. Assume the same again Apr to Jun. Then there is $0.75m ear marked for exploration, assume all spent by end of June. Another $.75m was earmarked for fleet but I am assuming this was spent in Dec which explains the year end cash balance of $2.7m when $3.5m was raised in that month. $1m earmarked for mining equipment.

Sell below 19p now.

nice to see the volume on the buy side. Can these guys finally meet a self imposed deadline and deliver news of a deal before the end of the month?

Phase 1 drilling to be completed by end of June and assay results from first holes in the programme expected before the month end. Therefore, no much for the company to report at the moment but a lot to come this month.

Tiny volumes though. News this month, will probably continue to drift for a bit and then... who knows.

Woodford has become the kiss of death.

Not too worried by the price drop as it is on tiny volume.

Read that this morning. Great and well run company. Sadly sold my shares today, 30% profit, as moving house and need the cash. Would have loved to hold for 10 years so will buy back in when I can.

Interesting as dealing in share, including exercising options is prohibited for directors when in possession of market sensitive information.

I can only think that the 2 big buys today were really sells. Otherwise SP is being dropped on tiny volume.

That isn't tone. That is actual content. Too much tripe about tone, confident body language etc on the boards.

Frustrating to see the SP fall on tiny volume.

I am delighted by today's news and thought the SP would be boosted further. Having said that, rivaldo your last sentence is baseless. There is nothing in the release to indicate more to cone - wishful thinking i believe!

Because the company is uk listed. There is a reason GW Pharma dual listed on Nasdaq before cancelling UK listing. The American market has much more appetite for the risk in pharma and give companies much bigger valuations. GW struggled to raise cash in the UK then listed in the US and raised hundreds of millions.

Quite a lot of buying volume today but no impact on the SP which is disappointing.