Member Info for hazrat

I hope they don't sell for £200m because if the product passes the final trials, then it will be worth far more. £200m would not be maximising shareholder value.

I don't doubt they will deliver something on time, meant that what they deliver is anyone's guess. Could go through the roof, could become with 0.

Annual report due March/April. Drilling report due April. Probably play around this level for the next month or so then tick up into results before...well who knows.

the drop is pretty minor and driven by sentiment The fundamentals haven't changed in the past few days and global growth hasn't stopped overnight. Remember that in 1987 the stock market still finished higher at the end of the Year.

A fair point. I don't know how long it will take to unwind the positions or for them to expire and so your assumption is reasonable. I am very positive on this share and am confident it will come good in the long run. Patience is all that is needed as ever.

Good post Visitor. Your cash forecast is slightly slightly over stated because the company has hedged gold at around $1,270.

Wow look at all they have done to generate value going forwards. Best ignore this share , one might make money on it.

A medley of small sells and then 2 big buys which is nice to see.

A rather negative view that doesn't seem to be supported by any solid evidence. Licence obtained legitimately, Burundi has its 10% share and will receive royalties and tax, funds raised legitimately. All looks above board to me.

Seen that before to. They take �120k out and put �10k back in. Sure it's different this time, just trying to not get carried away.

Taking a more conservative estimate of the resource % @ 50%, aasuming we sell to TSK @ �12 per kg, deducting 70% of revenue for off take arrangement, 6% of revenue for Brundi royalty, assuming costs are 30% of remaining revenue (which is probably excessively prudent, and then deducting the Burundi 30% tax rate from profit, I got a non discounted EPS of �2.50. 17x the current SP. However, I have invested in companies before that have very promising anomalies. Amazing how often they can't find anything when it comes to drilling.

Lots of sells but tiny volume, not surprised there isn't much SP movement.

Does anyone know who pays the 6% revenue royalty, RBW or TSK? I assume TSK because otherwise there would be a double charge.

Could be lots of things, even gross misconduct of some kind which is not being disclosed.

Indeed very odd interview. He doesn't look or sound like a happy man which is sad to see. My view is that he or someone close to him is seriously ill. Good that he says the family will retain shareholding and if possible he will have a role in the company going forwards. Unusual but I do believe it is personal rather than company related.

If they can unwind he hedging positions so that they gain from the rise in the price of gold. At the moment they are locked into a lower price.

I find the effort people put into ramping garbage shares on this forum very frustrating. Here we have a company that pays a dividend, is growing revenue and profit, generates cash,, has a fantastic resource, has structured itself to reduce costs and invests in technology to do the same and yet hardly anyone here gives it a blind bit of notice.

Hi Peak, I was referring to Woodford, who now owns 34m of the 255m shares in issue.

At least someone sees potential

Mentions in the video that plan going forwards is to fully integrated the acquisitions and not do anymore unless a great opportunity comes up. To me that reduces the risk of further dilution and future results should enable easier analysis of underlying performance.