Member Info for howmanyfools

Confused? I am. Should be 6th / 7th January for 1.845 . 1,84 trades.

Our half year end is February 29th, a very good omen for great things to come in H2. The 2nd December rns was start of Q2 and is 13 weeks duration. The timely manner closure of Warehousing SPV should arrive this quarter. Fingers crossed for a decent re-rate. Oh, and appointment of female director!

Apologies, these gaps are shown on the 15 minute charts. If you check trades within each 15 minute period, the gap at 1.9 is not really a gap because the closing trade on 10th January was 1.845 and the opening trade on 13th January was 1.84; on the 10th January the closing trade within market hours was 2.222 and opening trade on 13th at 2.28, hence creating a tiny the gap and a useful marker for mm's to drive down price.

....onwards and upwards.

Where are they getting money from to buyback shares? looking very positive.

...and more importantly, total AUM and material revenues to date!!

sheepynerd - refer to 2019 Prospectus page 52 under item 3.4a AGM resolution for directors to issue up to 75 million shares to 31st March 2020 or date of AGM on top of the 126.635 million shares in issue at the time. The 2 million shares to be issued to Colva on March 1st appear to be additional and where they say "subject to certain conditions being met" perhaps the AGM is early and before March 1st.

In my opinion, the board should suspend trading pending release of material news.

Ophidian,
semantics aside please explain your syntax of calculation to arrive at 20 pence.

Two years of Sahney waffle rns. Surely he can do better next week.................

...is chasing other opportunities.

Playing with the figures, one notices the following trends:
1. Total mined and unsold gold is around 25%.
2. Bird can choose to sell this gold to increase quarterly revenue figures.
3. My guess is mined gold purity is improving because the Chinese have a better refinement process. I arrived at this assumption by taking price of sold gold divided by an average world gold price at start and end of each quarter to indicate purity levels, around 80% for first three quarters and 93% for last quarter.

If this is the case, bodes very well for ramping-up production during the forthcoming dry season.

$77,724 annual profit last 12 months for alluvial gold production. XTR should break-even operationally this next 12 months, maybe 6-9 months, who knows, and before hard rock commences.

Last update on 16th July was the month where gold price fell below $1250 and stayed below this level. This may be one reason why no announcement of additional contractor appointment. Q3 is the dry quarter and would expect Sino output to peak unless sun/heat stroke tempers performance and adds to lower gold price.

It is OK to believe in the product for a bright future but do investors make any real money in proportion to accepted risk in the company.

In November 2016 the share price touched 17.25p valuing Red at £80.7m, only to drop significantly with placing at 8p in December 2016 and market cap at £52.3m. Before this last placing, share price touched 11.5p at £82.7m cap and now able to buy-in around 7.5p at £58.9m cap.

Over the last two years, McGregor has raised £23.8m gross and issued 334.7m shares, an average of 7.1p placing price.

How big a slice of RedT shall strategic investors want – 40%, 60%, 80% or nothing at all ?

What is the probability of RedT managing to get above £150m cap before the next placing and will they be cash flow positive or making a small net profit ?

Confirmation of MOZ loan outstanding debt of £470,000.

Plus no confirmation on MOZ working plant adaptions.

Complete cock-up.

Predicted six months rainfall from October - normal to below normal:

http://www.inam.gov.mz/index.php/en/sazonal

and what are the facts?

This UET utility-scale vanadium flow battery is undergoing testing for 18 months. The size is... " peak power of 120 kW and will be able to store peak energy of 450 kWh."

If tests are successful, the battery will be transferred to a commercial site.

Bushveld have a long way to go with the two-man installation team (and dog).

This set-up is way behind RedT and those bemoaning Scott are misaligned.

Eskom is debt-ridden and unlikely to survive in its current format.

JDAU - give LittleWing some credit here because he is closer to the mark than you think.

The $2M in cash that Auroch was to pay PAF plus the 25M in Auroch shares did not materialise. Also, the cash consideration was in Australian Dollars and not US Dollars.

After a 18 month deferral, PAF agreed to 4.1M Auroch shares and cash of $1.2M AUD.

This is about one million US dollars, so LittleWing in my analysis is spot-on.

PAF acquired Explorator Limitada for £150K in January 2006.

If required to do so, wealthy Colin should provide a financial loan and for XTR to pay a respectable interest rate and share based fee allocation not exceeding 5% of market capital, hence insignificant dilution with a measured degree of risk for not-so-young Colin.

Company valuation - $40 per oz of gold in the ground with current gold price? This would value Fairbride's 1.2 million oz at £36 million.

I would support a take-out at 40% discount to this price, selling to the Chinese for £26 million at 7.4 pence per share once July results are known.

Go on Colin, without having to first fund the loan, make it happen and CLOSE THE DEAL.