Member Info for hereandnow

before fund raising…………..seems a cheap way for Mellon to list and raise funds…….not sure what that leaves share holders here

An additional 8 days of production were lost in the second half of the month from further water issues as the return air pass tunnel was advanced into the contact area then resealed. The return air pass face now REMAINS SEALED FROM ANY SERIOUS WATER INFLOW. Now that is something of an oxymoron and I worry that one day we may hear about this again…..devil in the detail…?

this has dropped a penny since my last visit…….. I suspect the uncertainty over this next round of funding and some residual worry over flooding. They worded that last RNS in a very significant manner.

they did warn this would happen yet continued with a dividend….wont be any next year, long road back it seems. i was tempted by this one but didn't have faith in management, glad I dodged this bullet.

Odd

you just wanted a very dull fight, waste of time. As i said, it is all there in RNSs if you can be bothered to read back through them.

you just wanted a very dull fight, waste of time. As i said, it is all there in RNSs if you can be bothered to read back through them.

Jaff I have no need to address your post. It is all there in rns announcements over the past 18 months or so. I have followed this company for years Dais an, agreed

a tick up from me for a restoration of humour!

Daisan, how do you count to ten 1, 2 , 10? I said I was sceptical of the story, that is not 're-writing history'. A somewhat histrionic reaction to a reasonable opinion. Having a healthy scepticism keeps my capital in tact. The history of this company is littered with one problem after another with little contingency planning or funding to remedy it. This is poor management not 'heroic'. I think the fact that you are a long term share holder is making you somewhat blind to the facts. Facts that keep repeating themselves in one guise or another. I really hope you don't get too diluted here, you have been a long term supporter of this company . good luck

That has always been the official story re Lace mine. I have always been a bit sceptical. Too neat a story for me. If the mine was so good De Beers would have got on with it. DCP has always been under funded and has come back to the market repeatedly for extra funds. It keeps failing to meet deadlines. It keeps having problems. Management have not handled this at all well in my opinion. Plans clearly way over optimistic, contingencies way under funded. They keep failing. Will they ever mine for long enough without stoppages, problems, flooding, strikes, old workings, geological anomolies etc etc…to pay their debts and to give a return to share holders. It seems clear they will have to raise further funds one way or another

Complicated business building a mine. Even more complicated re-opening a mine that had been closed for decades. There are good reasons why mines close, usually costs spiral and income declines. I think we are beginning to see such complications here. There have been numerous problems with this company. Industrial relations and very thin financing. We now have a really big problem emerging, problems with old workings, problems with water ingress…flooding…..how often will these stoppages occur?

does not exactly inspire confidence!

twitter pump, don't get spiked!!

what a farce! I just hope for the sake of share holders that they raised enough money in the placement otherwise…..

to work out if this is good for SEN share holders. 15% of Newco before new fundraising does, on the face of it, not sound great. It just depends on how good Oasis is…..which remains very much unknown

Agreed. The key is the massive increase in interest rate. As we know Dibbs, when a company is doing well the interest rate comes down as the risk lessens. 13.5% is crippling….awful

want to hold these for very long, balance sheet disaster!

Two II been selling, one has been buying, directors bought loads. Huge volumes and the SP is trending north.

is a seriously good vote of confidence in your own business