Member Info for hazrat

Degsy again, 1.2mt at 2% is 24k of actual RE. Not a world class resource. Lots of drilling required to get to that point, if ever.

>10% dilution

Degsy, 1.2mt at 2% is 24k tonnes of RE. Bit less than 1.4mt in the USA.

Degsy, 1.2mt at 2% is 24k tonnes of RE. Bit less than 1.4mt in the USA.

Degsy, 1.2mt at 2% is 24k tonnes of RE. Bit less than 1.4mt on the USA.

I have been trying to stop people getting spiked throughout this episode. On the way up I am accused of deramping. On the way down of gloating.

Come on Bill, I have been here for ages. Not gloating, just pointing out facts

I mean of course a corrupt president would say no to any requests to appropriate assets from the people who just gave him "the nicest piece of infrastructure in the country".

At least China didn't just build a $22m presidential Palace in Burundi. If that happened that it might mean the mine is so secure. Wait..
https://www.google.com/amp/s/amp.scmp.com/news/china/diplomacy/article/2186970/how-presidential-palace-burundi-fits-chinas-plans-africa

At least the resource is in a safe investor friendly country. At least the Chinese don't have much influence in Africa. Be very unusual for a corrupt African state to appropriate assets. How many rampers here even know the company is mining in Burundi

https://www.theeastafrican.co.ke/business/Sadc-rejects-Burund-application-to-join-bloc/2560-5140494-nchxhe/index.html

Oh Degsy you do make me laugh. I truly wish you luck and hope RBW makes the big commercially viable find you need to make your dreams come true. Too much of a gamble for me because there is a lot of drilling to be done before that happens. There was a time when a 20p sp equated to a market cap of about £19m. Now 10p near enough achieves the same. Some success story!

The post that triggered you calling me a lot of stars, please explain how that is gloating? If it is within the powers of your limited intellect you will grasp that I simply pointed out the penal nature of the commercial relationship the company is tied into. That isn't gloating, that is stating a fact

Ouch even worse, keep holding while it tanks. You made a claim that I had been bitten, I was merely correcting you. If you read my posts you will see that I have been putting out a counter narrative to the mindless ramping. I get that there are weak people here who only like to hear views that align with their own. I get that they are easily upset but doesn't make what I say untrue

No Tea. I bought in at IPO and sold at 22p. Had a little dabble back at 9p on the way down and sold for a loss but well up overall. Been following in case they find the lopolith. Don't be bitter, you bought without doing research and got hurt. Chin up, learn the lesson and better luck next time.

Smarter than you Tea but a low bar so I take no pride in that. If you look back you will see I have been following this company since IPO. Much much longer than you.

OK 19.4% goes to revenue as the 3% is of the 20%.

Degsy you do realise that the high grade stuff is all but exhausted right? Now it is just the usual 2% rubbish to mine.

And everyone here understands that the oftake agreement means that RBW gives away 80% of the market value of the concentrate to Thyssenkruppe? Oh and you all also know about the 3% of revenue paid to the government as a royalty? Gosh. Doesn't leave much for shareholders does it. 17% of market value of ore mined goes to RBW, wonder why it makes no money..

Every pump and dump has a degsy lol

You are indeed ironic Ironic. RBW is a producer that is losing money hand over fist. It hasn't made a penny since it started production over a year ago. It is also producing less now than a year ago. Everyone forgets that the cash breakeven point is before capex. So even once this is achieved, further placings will be required to develop each new mining area (assuming that they can find any). Oh and has anyone given much thought to the hugely expensive and vulnerable logistics network required to get the concentrate to the coast? Costs going up, not down as promised.