Member Info for jdt1990

A lot of words in that RNS to basically say we’ve been busy collecting weather data but nothing else has really happened and nothing will happen until we can sort financing out…..caveated in the going concern statement (I know they have to) that finance may not be sorted.

Dull, boring and very little progress here.

Spot on!

Wynbore just clutching at the old straws again.

It’s basic stuff…..comical how someone can get it so wrong and fail to acknowledge it when put straight!

Wyndrum. I have to point out to you…

“6% interest over 5 years is 30%, add 30% to the loan and divide that by the 20 repayments.”

The loan amortises quarterly when they pay it off, so interest is only due on the remaining loan amount. So to be trying to make out Avacta pay 30% of the £55m amount is either naive or crafty of you.

The annual effective rate of the total loan amount will be much less than 30% over the 5 years.

Imagine if you paid interest on the full original amount of your mortgage for the life of the loan despite paying off principal monthly….NOPE!

3 months since they raised the BlueGold cash and still not a peep from Emma or the company. Unsurprising but it really is a p*ss take the way GRL treat shareholders with such contempt.

This next operational update better be good….and let’s hope we don’t have to wait until 2024 for it!

I was 90% down on my investment before this whole debacle so no way am I going to sell to recover peanuts for these f*ckers to mop up and take it on the cheap. It’s so obvious what they’re trying to do…

I’ll be voting this down and not selling a bean. I’d much rather get nothing trying to stop them in their game than roll over and let it happen.

Would encourage others to do the same!

Agreed AM that the dinosaurs are finally going. This company has quite a suite of assets and desperately needs someone at the helm that knows how to operate in this market - which is very different to 17 years ago!

It’s been made clear 2moz is the resource amount that will attract proper interest for sale (or JV?). No idea why it took 2 strategic reviews to determine that! However, economic uncertainty driving gold past $2000, commodity super cycle coming for battery metals and major consolidation in the mining industry should drive M&A (just look at Newmont bidding for Newcrest) SHOULD provide an opportunity for LND to finally capitalise on their assets.

It just needs someone with foresight and quick acting to strike while the iron is hot. Bill is not that man and never was!

Just remember £14m Mcap for a 1.5moz gold reserve values GOLD ONLY in the ground at $9/oz when gold is $2000.

All I hope is that BlueGold did their due diligence and it was clear that the funding they provided would have a material impact and provide them a significant short term return.
Maybe? Surely? Could it be? GRL have cracked it just as gold hits $2000/oz...

Yep it’s so obvious now why Scott Fletcher has built such a stake in the Co. It’s clearly been the plan for a while and and such a majority shareholder, he can sway the vote.
Hanno has basically paid him to be a puppet in this whole game who allowed him to shaft PIs and them both to come out on top for his little venture…risk free!

Slimey slimey scumbag. Never thought there would be a worse crook on AIM than KIBOs Coetzee but Hanno just topped the list!

Coffee cups. How do you fancy a meet up to chat all things BMN? You’ve got some interesting opinions, would be great to level things out….

No Ben. I was talking about gross profits….given the knowns we have relate to that. Fully appreciate there are other costs involved and net income will be lower - but given there isn’t any update/guidance on that, I’m not trying to calculate it

Production quantity is of course important as it reduces the cash costs for the business. However, the weak ZAR will have helped offset that for Q1.
All the factors they have put into place over the quarter signal a promising Q2 production figure, won’t take much to get that back and BMN clearly agree keeping production guidance for the year as is.

What is important near term for CLN resolution is sales. At a sale price of $40 and cash cost of $26 that’s a healthy margin of $14/kgv.

That should be a profit of about $14m for the quarter. Not factoring in a portion of those sales were of stockpile for which costs have already been recognised and incurred.

Capex also materially reduced for 2023, with weak ZAR lowering that also.

What guidance has been missed coffeecups? Annual guidance maintained.
There is no quarterly guidance because of the variability across the year for things such as planned maintenance.

But you knew that didn’t you….got to try harder!

Aside from a drop in production (which hasn’t impacted the annual guidance figure and had minimal impact of production cash cost)….what’s poor about that update?

They’ve got a stock pile of V for these exact situations and have increased sales for the Q - which shows demand is there. That’s what we all cared about.

This constant narcissistic behaviour CoffeeCups is comical and boring now

Sales increased for Q1 23 which are into prioritised higher value markets. That’s the number we all really cared about given it’s that one which provides the cash/profit to address the CLN hanging over the SP.

Production down but they’ve taken the opportunity to use down time for improvements. Cash costs basically flat despite reduced production. V price held up so margins will be healthy.
Guidance maintained is important.

Mitigating techniques also being added at every opportunity to stabilise production and good to see the curtailment agreement doing its thing.

BELCO cold commissioned - look forward to some contracts being put in place over next few months.

Mini grid on site and being installed this quarter.

All in all - they’ve been busy and with worthwhile projects I’m happy they’re on the way to a steady, profitable ship

Taverham - Yes this specific intercept is deep but read the full RNS, they think there is a possibility mineralisation occurs closer to the surface at more like 550m. If that’s the case, different ball game.
It’s literally one hole….a bigger picture to put together now based on some fantastic initial results

Next Steps

The presence of steep dipping veining within the mineralised zone increases the potential that the mineralisation extends to the top of the basement at approximately ~550m below surface. For context, the Havieron deposit occurs at ~420m below surface.

Worth going back to HAD001 where we thought we were spoiled by a first drill result:
Selected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m, including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m,
including bonanza grade intervals 0.5m at 137.69g/t gold and 1.8% copper from 573m, and 0.5m at 100.15g/t gold and 4.1% copper from 575.5m

This is an absolute beauty….and 100% owned!

Dividends not division

We’re less than 12 months from production so once cash flow starts coming in from Havieron, it will be so much harder for them to keep a lid on the price.

I’m staying here for the division Shaun has talked about being a fan of. Paying the shareholders directly takes out the sh*ithousery being played day to day on the SP

Gunster. Assume you know how share prices work? Just because Newmont offered a 50% premium to the SP, doesn’t mean that 50% would apply anywhere else an offer was made.
The SP offer would have to reflect a sensible valuation of the assets….look at MCAP not SP