Member Info for imac1

Ok goodbye then hall thanks for your valuable input

Courts normal time for closure is 5pm

Hope you guys are hitting refresh I’m on my mobile today so just checking in here for an update :-)

19-21 now

ITTD was it you that gave us the update on the hearing on Friday ?

Don't want to read to much into the email response you received Cboy but i would 100% asked for a phone call. Bhukia is very sensitive and the Board could not be seen to be emailing any details to Private investors given what's at stake. I get the impression something is going on and we wont have long to wait.

Very quiet given the upcoming news ;-)

Sorry prof if my workings don’t convey the holding % with clarity. I state that we retain 60% of the resource revenue but see a clear 20% of this in our bank balance after all costings etc ...

Prof I won’t clog up the board with my workings again but I’m confident if we get Bhukia then over £10 per share is highly probable given the resource estimates and the confidence in the geology from our Board of directors.

LTinv even if I take price of gold as it currently stands and we lose 50% of the company the chief geologist for the company reckons there is a lot more than 10Moz his words not mine. Also we have 7 other mining districts at multiple stages if they combine for another 5Moz and Bhukia is 10Moz+ then do the maths the numbers truly boggle the mind. I’m saying on award of the PL we 5 bag minimum within the week and 10 bag within the month.

Sorry for grammatical errors folks iPhone playing havoc with me..!!!

LTinv I dont agree with you door I would say my only figure that’s optimistic is the $ per oz everything else is very well balanced. The Bhukia resource already has an estimate of 7Moz booked against it hence it being classified as a Tier 1 gold asset. You think that no one with drill it for a potential 40% of over 10Moz I suggest to you that will be the maximum dilution not minimum let’s wait and see we are a long way off from finding out. However if we get the PL the ball is in our court and I’m going to say we get very attractive terms after a multiple interested parties have done there due diligence.

That’s what I’m using as a futures price for gold 5 years from now.

LTinv people haven’t really grasped what was said in the recent interview Tony Truelove says it’s his feeling that Bhukia is a lot more than a 10Moz deposit and Mark Bolton says it will add a lot more than one zero to the share price. Here is my basic workings of value of a 10Moz deposit taking into account any JV, Share Dilution and mining costs and you can see why Mark said a lot more than one zero ..!!!
MC based on 20% of in ground resource realising value to PAT
10 million OZ at $3000 I calculate costs at $800
That leaves $2200 per oz even if we only retained 60% of the company the rest was offset for drilling and JV partner
That leaves us $1320 per oz or approx £1000 per oz
£1000 x 10Moz = £10B lets take that and say for arguments sake we eventually have double the shares in issue so 170M shares in issue

10Moz - £10B (MC at 20% £2B) 2B/ 170M = £11.76
That’s a 65 bagger from 18p for reference

This could be truly life changing for so many and I cannot see many other opportunities on AIM to see such huge returns..!!! The thing is Bhukia already has an estimated 7Moz so the SP could rerate to triple figures within days of a PL being granted not years like GGP and others. What if we get the PL and we go on to prove 15Moz+

Yes prof but I’m my opinion it is only to decide how an extension will be given to either of the parties given that we don’t want that is must be the state defence that has asked for this “pray for more time” this in itself seems a bit desperate from them now. I will be loading up on Monday when more funds clear as I keep saying of any hint of a positive outcome and this will Rerate trust me.

Nope but like I said earlier if we get word next week that it’s moving in a positive direction hence the “praying for more time” Then the SP will move up very quickly as it will be the first hint of light at the end of the tunnel for what is a truly world class gold deposit (Tier 1)

Just to clarify with everyone the hearing has not been delayed until the 8th Dec it has been delayed until the next interim date which will be filed on the 8th Dec and all parties must adhere to the timeline set out. When we get an RNS it should clarify when that will be.

This would work in our favour if the BOD and the legal team put across how the mining activities would benefit the local economy if we were to uncover a 10moz deposit remember that’s not confirmed just speculation for now. With further delays from the Rajahstan government I would expect the Indian government to start to apply pressure to get things moving in a positive direction and show they are open for business.

Prof I can’t see it going any other way to be honest only a matter of time it’s like sitting on a lotto ticket. If this stays below 20p next week I’ll be moving more money in for sure.

And back up we go solid foundation being built here for the next move up on Bassala results. Like I keep saying if Bhukia is a step in the right direction then 20p and below will be gone in a flash SP bid/ask moved 18-20 now ..!!!