Member Info for jamesjohn

gkb... You make it sound as if I told you to move on and sell up . I only asked you WHY.
I do find it very strange however that posters like yourself, who don't trust the BOD, expect to regain some of there money.
Surely you would expect shareholders like myself to find it difficult to trust posters who are constantly negative about the stock that they hold.

APD.... I was only commenting on the fact that someone said they can't purchase new equipment. I don't know what will happen beyond this point

gkb47.... If you don't trust them, why waste time on here?

APD... I was only replying to comments made about not being able to purchase new equipment. I was not referring to what might happen beyond this.

I don't know whether it is true or not, but looking at the last raise of funds and the fact that we have been in production for a limited time, I would rather trust Andrew Hall than some negative poster on this website with only a username to go by.

Despite what is being said on here.
To clarify......... The podcast yesterday stated the following:

(Importantly we maintain a good cash position despite the purchasing of new equipment).

Pecten... Are you considering investing, if so I suggest you refer to the podcast published early on today.

Yes I know they can convert £500k every month, but they may not. They have delayed before!

Stated in the Pod Cast ....Importantly they maintain a good cash position despite the purchasing of new equipment, and they continue to sell to their off-take partner.
All we need now is for Atlas to delay converting.
If they do convert, then at least it is over and done with.

It's about £4 mil pounds to pay off Atlas, not 7, and someone on here put some figures down for the equipment, if correct it was no where near £5mil.

Where do you get this figure of £7 mil to pay off Atlas from, and how do you know it costs £5 mil for upgrade?

So far no Atlas conversion, and we should find out if Zimbabwe are going to come out of lockdown today.

I'd like to remind people that the share price has been going down since last July 2020 and at best flat since Jan 2021. Nothing AP has said or done has made the SP go up. A point that has been stated many times on here during that time.

From the response I guess many posters on here do not own shares. I am not ready yet to vote AP out, I believe it would be best to let him do what he has to do, but should this new approach fail, then I 'm sure most will want someone new to takeover.

As I stated, they have cash of 4 mill to pay for said equipment, if they wish.

Covid is not helping, but he does seem like he is learning as he goes along. Hopefully this new guy will have more knowledge.
I'm sticking with it too, as I think it will get there eventually . My average is not bad, so I still believe I can make an ok profit.

I'm probably wrong, but I have always felt, that since the bank declined the funds, the restructuring and re-finance would not happen. I'm guessing that this new plan will replace the need for restructuring and therefore the need of the refinance. I imagine the increased production from the new layout and rising copper prices will be sufficient.
However I'm resigned to the fact that Atlas will not be paid -off, and the £4 mil in cash will now be used to upgrade the mine.
It would be nice if the Zimbabwe JV was signed and we could sell off part of the diamond asset and use this to pay-off Atlas, but we will see. I'm sure there will be an interview shortly.

I was talking to max, and in answer to your question, yes I do.

We could ask a similar question of you.
Why do you spend all your time on here trying to get the price down, when you could spend all your energy trying to make a profit somewhere else?

So you began with Zimbabwe diamond funding conundrum, now you've moved back to Romania funding. Amazing!

I'm sure it will be!

As far as I am aware they can't convert for 12 months after the drawdown of the second tranche. The idea is to become cashflow positive from Romania.