Member Info for itsaduster

Will define the next 10 years of our lives.

All below IMHO and DYOR and I know nothing

He has carried one conceit all the way thru. That is he would get the permits. ?? He wont of course IMHO We are past that. So back when the sp was 50p on the basis that permitting would occur very soon he wouldn't have seen the need to raise funds to cover us pre permitting. JV or partner funding would occur just after the permitting. So we are into AIM jockey mode now until we get radical change. So his friends are still backing him and he has taken a sneaky slice for himself so hope springs eternal .............

For me Rick is just a lucky speculator with some cute homely quotes he no doubt picked up from someone. With his luck and the fact his base case is contrarian he is bound to be in Hummingbird. Again I take issue with the assertion our grade is good. Actualy it is pretty run of mill IMHO But the rest is right or rather I agree with. We have exceptional Management and a well designed Mine which will produce excellent economics. Also though our reserves are only to 8 years out there is very secure prospects in our exploration which I do expect to vastly increase our reserves as we mine ( much more than replace our consumption ) I also subscribe to the notion that our Management are young and energetic, imaginative and cohesive. With our extensive property and expo holdings the effect of this will be accretive and I expect us to experience substantial growth.. On the basis of the above I am investing here progressively (already with a decent holding) and expect to do so for at least the next year until the price becomes less attractive. So with the changes in international politics and economics that are in train I say its okay sell sell sell please.!!

Much more reliable !! I am an expert in the cult of tea leaf readings. After my Scotch Porridge Oats, followed by a very decent smokey, and finished of with two rounds of toast and marmalade ( Yum Yum ) this morning ; the message in the bottom of my Royal Dalton Bone China tea cup was that there will be another RNS and there will be an RNS talking of much Gold.

That was a struggle !! One thing I agree with ......... Mmmmm only one and I am not that sure you understood it. To be clear I would not want MTR to convert our stake into MOD shares. Not with our present view of things. Anyways I am all for a bit of nonsensical grit from time to time. GL

Devastating. He was the most straight forward and reliable people I have followed in my investments. What a waste !! I believe he was destined to be a giant in this part of Industry.

''The resource is likely sub economic at present grade width and depth.'' but enough for RR to take a flyer All about future drilling then and proving up a vast area .........so seems we have some porridge to do and some dilution to suffer. BOD throwing umpteen drilling rigs into the fray suggest some desperation to establish the '' huge sedimentary' '' theory. The depth of occurrence is beginning to come into focus as a limiting aspect at the grades we are hitting. Flat lying is good for cheap mining underground so is open cast destined to be less important mining method for Kalahari. This is on shelf at least until the end 2018

I agree ........ alluvials will always attract discounted sp When mining in situ ore miners are working a heavily sampled ore reserve on the strength of which big money has been borrowed. All depend on the ore reserves estimates being correct. As mining starts progresses checks are constantly made to ensure expectations are and will be met. ie sampling of mining faces, head grades and mill grades and tailings are daily recorded. ie the gold is accounted for thru the whole process and stacked up against costs and budgets.. With alluvials generally sampling isn't as comprehensive or disciplined. This is usually due to vast dispersion from source rock and hence intermingling with other un associated material resulting in comparatively low grade. In our case we certainly don't have a sampling regime which might be considered jorc compliant or any other compliant. We consider ourselves to be working under a generalised alluvial grade. However I am sure samples will have been taken if not by ourselves then by the contractors who will thus have an idea of where the best gold concentrations might be found. Folks will respond to what we actually get out once they get some sense of security and 6 mths not a bad time to feel secure but it might be less if the gold id spectacular. Allowing for excitement induced spikes I do suggest our sp will always, in equilibrium be discounted. Hence my focus on getting some idea of grades being encountered and CB not being so precise we can deduce. When he has too I am sure he will. Hence my idea that our situation might be peculiar in that our alluvials lie close to the locations of source rock so have suffered less dispersal and so less dilution that might be the generalized case for alluvials. The storm to come is the setting up of the FB ard rock and financial arrangements. It will last until FB is well above water or throwing of copious amounts of FCF.. See HUM for some idea on how things go from start of production and in mine build. So I do see scope to achieve a 100M market cap inside 2 years. AIMHO and I know nothing and DYOR and dusteristheworstinvestoronaim

Thomas ....... Have you got a job as an Easter Bunny in John Lewis' ?? (Grotto ?? ) Agree Snooty ....... It is time to mess with the portfolio. Every year I wonder if I can buy back in at advantageous price and I never seem to get a clear indication. But I rest assured that CGT being quite high; It still pays if the prices do squeeze up a little .. What is a balls ache is when James puts the lap top on my Breakfast tray when he delivers it to my Bed at 07.30 AM Usually end up staining the silk sheets with Coffee !!. Makes me feel such a peasant. !! But for now I rest assured the market will give CB nothing until it has evidence he can Manage contracts and pick contractors.!! Which I think might give me till Mid or end April. to stuff my ISA afresh. Regards to Her Ladyship (She still on the Gin ?? Get that under control and you get another �100 a week to buy XTR shares !! )

Wise words ........ truth be told I think it applies to us all. In my case I have been lucky to have one multibagger 4p to current 125p (IQE) But a portfolio full of basket cases right now. Still full of hope (springs eternal from the human breast I have been assured) Of course the Au price will rocket and silver too. My present rules mean I have EV related metals Au and AG See I cant fail but come right But my latest rule is all stock must have some production !!! wonder how that will pan out. April 5th or is it April 6th ISAs open and everybody bedding stock in now to crystalize losses then come April 6th it will see huge buying going on as ISA allowances get placed. That's my theory !!!! AIMHO and DYOR and of course I know nothing

Recent comms timely and welcome

Lots of BMR bashing and I don't disagree with any of it or feel its unjust. But most of it is historical and preceeds JLP advent. I think the core of the problem rests with the Zambian Licencing Law. I am no lawyer but I am reasonably sure the Zambians see a need and an opportunity to get a sleeping Partner in there and probably at no cost or certainly at a very low cost and doing it under their licencing law. My hope is it will be the Zam Govt itself rather than some .............. (deleted) It is no coincidence that the whole issue arose when it seemed that the BMR dumps were on course to produce some decent return ........... hence I don't really hold BMR or JLP responsible. From experience I know ........... Our RNS is interesting. Unlikely we would get resolution by the end of the month. Hence our 10 days after resolution provision. So it can go on for ever. But on the bright side it might bear scrutiny to consider the options from the Zambian side. Those who have experience of Zambia are aware there is fierce politics and a class system which has to be seen to be believed. And again on the even brighter side. The Govt moved to withdraw the licence only when they perceived a chance of access to imminent cash flow. So it might be they see the need to conserve JLP interest as it is our presence which sets up conditions for cash flow. Lets hope that flags an imperative to get things moving soonest after all our success heralds jobs and tax revenue. Lets hope they can get it together to put stuff in place which will allow them to restore the withdrawn licence. I suspect there are some posters here with Zambian experience who might want to squash my comments ....... feel free AIMHO and DYOR and I know nothing

Continue to develop FC and are moving to produce ever bigger machines. Ones big enough to power automobiles in progress now !! ?? Momentum gathering.

I don't think its enough to run transport (or anything) on H2 simply to move off Carbon. The significance for me is the fact that : 1) The energy used to generate the H2 is generated from Hydro and Geothermal sources. No Carbon involved. 2) It will be able to use the off peak unused capacity ........ transformational economics. We are at the beginning though. BC ......... great !!

Yeh seen that too. I usually chalk that one down to MMs chalking up their margins and talking up their book......... as you might expect. Looking forward to tomorrow. I view PMG very favourable on the talent and discipline of Management and the state of oil and North sea (on its arse)

Your posts reflect our situation / predicament / opportunity Cut back on the meat and carbs and no sugars (no wheat) and load up on the green veg. GL

will trade their equity ....... Which I believe was always the expectation. If they arnt getting gold yet where will they get the cash to pay us. CE I am betting on Zimbabwe ....... they seem to be in Mining mode just now

I have been dabbling for decades in Aim. Not done as well as Rick Rule would have us believe he has done but its been fun. That said I have never been in a share with so much loaded in and with pending news of such relatively gigantic proportions as we have ridding here on both production and exploration. I always take the view that MDs and BODs don't like the sp to zoooom cos its just inconvenient and to much work to have to do the comms with smug self satisfied investors who are all of a sudden expert stock pickers. But with this one I just cant get my head round this lopolith and what it will say about our ground if does actually prove up. By the ways is it the only one ore are there others around ?? Geology like history repeats itself. ......... not that its not enough you understand.!!

If they will release interims manyana then todays drop says ? what. Its leaky and the leak says not great