The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
too busy being entertained in the British Club to delve at all , thought I'd ask, got the usual high level response we know we can rely on here , another question , has the monkeyhanger got stranded in egypt?
Has anyone any information regarding threat to regua from forest fires in the Castelo Branco region Portugal
we no longer have copper dear boy
Latin ?????????????????? Too many g&t's at this time to take in satire. I've made more in flogging a couple of foals this year than invested here and lack of interest in 7 years and that's down to the estate manager and several 100k in stud fees. Would be pleasent if MM could meet his declarations this year . I merely wanted a 1p now would be happy with 0.6p
Disingenuous or what? Believe I initiated dirt comment which refers to nothing is being made in terms of cash until the company extracts ore i.e. it's dirt in the ground. Meanwhile MM continued to spend cash on various explorations . At least one of the mining licenses was almost lost because of an apparent oversight on the BOD part. Snake oil salesman ...why not , he was questioned about dilution in 2012 but avoided the issue, you know what's happened over the years , basically down to 20% of the original value with dilution. Dividends= see above . We are a number of years away from divis, why because Parilla is the only currently producing mine with Regua soon but all the rest needing finance to bring them online. Too many troll references. At least the herring and allotment days have shrunk
1. It's AIM. 2.We've been continuously diluted . if you were comparing like for like we should be a lot lower. 3. We owe money albeit at a reasonable rate which we should pay of with the grant. ..4. there are multiple other opportunities , one of which has failed 5. There could be acquisitions in the pipeline and all of the above kick in. 6 . MM keeps misrepresenting or omitting information. NB I don't generally disagree with your view because the negative view is enormously appealing . However this seems easily answered by almost anyone
there was no cash to pay salaries so the stock was allocated in lieu of income , plus warrants etc it's not a guarantee of success
PS I see P & R as currently risk free but still no great leap in SP it seems
the 'whole suite of mines' is where the risk lies because MM is going to need to raise capital. Most cite Parilla and Regua as the grail , however they may or may not deliver the necessary££'s to develop the other mines and as we know the copper mine is now defunct. The distinct feeling was that MM wanted to isolate the gold mine from WRES a few years ago but the moneylenders pressurised him. Time will tell I suppose
Will further capital need to be raised to further develop other prospects/acquisitions
Apparently from posts here he has been advised not to consolidate. Consolidation would be positive IMO because it would make a good stock available to institutional investors . So why not. Well we have still got a lot of development on other sites that may require fund raising , and dilution as we have seen is a favoured MM method....no stutter intended
K3v if you're going to quote, get the context right. 'While it's in the ground it's still dirt 'i.e. it's only when they extract and sell that it has a value and then how that income is expended ....and we all know how long and at what expense, the good and bad judgements took to get us here and this is only the first of the mines coming online. The issues now are as addressed here loans, acquisitions, developments, license deadlines , dilution to raise cash, hardware , building costs, transport for all the other mines , consultation feesand anything new. . MM wanted to split off the gold , there was a reason , it would have insulated the tungsten branch of the company. from further debt incurred in developing the gold
Another reason for consolidation is many of the big institutional investors will not get onboard with a fraction of a penny or penny share as a matter of policy. MM may have been told because the fluctuations in SP would be greater than the present or because with a huge investment company on board he would have less control
Should be the highest recommended post on the board. Considering P and R sites are relatively unsophisticated extraction processes and have taken this long to get to production talking of Glod production even mid term is extremely naive
Given all the new dawns here .48 is an appallingly low price , remember that much lauded 1p by xmas?
That's a hell of a presumption given there is roughly just 2M euros of that left after the loan. There's always further 'consultancy' fees, more lorries etc . my presumption is the local authority has awarded the cash with a clause that it will be used to develop La P. if they have been foolish enough to omit such detail there are multiple holes to be dug and sap money from the company in various projects. I would guess it won't stay in any account for any length of time
Don't invest what you can't afford to lose
I know of at least one investor here who can triple that and some whilst having some concerns about the company
K3v I think you're missing the point in just looking at this yearHomework for anyone willing to put in the work. Simply take the SP chart a monthly time scale makes it easier, and plot it against the positive RNS, and the negative impact RNS andthe cycle of these postings.We never get a run of consistent up or down it's effectively a sne wave My conclusion is the SP has been managed DYOR see what you conclude.....MM has almost lost a mine by not renewing the license....We also know that there is the opportunity of digging more exploration holes , again check the occurrence of these announcements invariably they follow a positive RNS,,,, Many lauded the lack of salary by MM , he's certainly built a big holding below whatever the current SP was and I note the consultancy fee , we were never told who the quarter of a million was paid to. The point regarding the £m loan isn't about the cost of the interest, it's about the need to fill a lack of funds to keep the project going. Since 2012 we've had 4 years of this time next year the SP will give a decent return, not a spike as the short lived 0.8p which was quickly slapped down twice by negative RNS's Initial costs of new sites re licenses are relatively low cost but unless your going to wait another decade or so to be up and running, they're going to require expenditure to develop,+ brownsites to buy in. He either does it thru warrants, dilution, loans or the profits from Parilla and Regua. None of this is short term . As for my agenda. Been here since 2012 transferred investments from previous ISA's and maxed an ISA a year, been bottom feeding since 2014. I don't think anything posted here by PI's will drive the price either way. I do think this will be subject to a pump and dump somewhere north of 2p at some point because i believe that profit is the ultimate driver for MM I find him neither a saint, infallible or worthy of complete trust. I will be more than happy if we continue to climb from this point. I would be topping up if we were around the sub 0.4p. Currently I'm in profit. I have never traded this share I have only accumulated, never having sold a share . I have basically stopped posting but do drop in on a daily basis to read. I take a different view to yours , it doesn't mean you're right or my assessment is correct we have 15 months allowing for slippage to find out, I only invest what I can afford to lose and i enjoy playing with the stats Good luck all PS I don't need to drive the price down I have enough. Motto What could possibly go wrong
re mogwhy: precisely and of those Q3 - Tarouca exploration licence renewald,.....Sao Martinho trial mine....Production hardware at the various sites or accessing nearby plant.... Brownfield or prospect acquisition.....5.3m grant paid of which he has aleady taken a 3m + loan and is paying interest all cost the company substantial sums. The loan indicates the company doesn't have great reserves of cash and needs to raise money to achieve its potential. In the short to medium term that doesn't drive the SP. Parilla and Regua are the good news, there are still a lot of irons in the fire