Member Info for JimBL

Listen, fella, instead of trolling my other posts you would do well to take more interest in this one. Comparing apples to oranges is pointless. The two companies are in now way alike whatsoever and I need no 'expertise' there or here from someone who just popped up in here as of February. I'll stop getting my knickers in a twist when the company tell us what the 'encumbrances' are affecting Tonguma (having already been here when we suffered the loss of Kono, once bitten is twice shy). Or, that a strategic investor has actually come onboard. Or, that we have an actual license to mine Tongo. Or the market starts to believe in this company as much as your one-way rampy posts do. Or the sp even gets back to it's post consolidation level - which in itself was dreadful. I've been in here for 6 years almost. I have every damn right to question the performance or numbers as do any other remaining LTH's. Final point - what sales have been disappointing from Tongo you ask? Exactly - there's been none. Where's the diamonds? Droujba was going to have sales every two months - they stopped after two and now it's been JV'd off to a still to pay third party. And from 2011 - "Since there were no larger, special stones in this relatively small parcel of Dyke-1 it was necessary to statistically manipulate the diamond valuation model in order to establish what the run of mine values would be if these stones were recovered. This showed that at a +1mm cut off the modelled diamond price for Dyke-1 would be between $225 and $275 per carat, with $248 per carat being the modelled average value." Statistically manipulated the valuation model to represent stones which were not actually found. If you truly had done your research then you would fully understand the concerns I, and others, have about the company.

BS? That's hilarious. One merely has to review the results of a decade of exploration at Tongo. Where exactly are all those high grade diamonds? Sales by the company have been massively underwhelming. Not sure what other facts you seem to not want to accept? There has been a combined 60,000m of drilling. The processing plant has moved to Tongo. Tonguma is licensed and Tongo isn't. "Caution regarding forward looking statements" - you would do well to read and understand them

Forward looking statements - please note the disclaimer on the RNS and financials, they are there for a reason. Why move the processing plant from an already licensed Tonguma to an unlicensed Tongo if the plan is to mine both? Tonguma has the higher grades and carat prices after all so surely common sense would dictate you commence there? That said, we have been given a prod that Tonguma has issues - which are not being explained to us. Past sales and 60,000m of combined drilling have proven we do NOT have large special stones and neither some of the highest grades. Indeed, one local with a shovel has thus far been more successful than STEL's decade + of exploring. Considering that the sp is still 2/3 less than it's post consolidation price - rising back up to that (17p) will be an achievement in itself Facts. Your 'enthusiasm' really should take them into account.

The only facts available are the ones he completely ignores. Seems to be happier in ramp land.

Why sign a contract for the FEED when nothing else is (yet) in place? How are they going to pay for it? They had to have an open offer (under subscribed) just to be able to pay for the EI license! A mining license costs over 3x as much - $0.5 mil.

Deal? What good is a deal without funds, or a license - never mind problems with the Gov regarding Tonguma. The 'deal' means absolutely nothing thus far. I think we all know who sounds foolish regarding their claims - rather than facts. Like over $31 mil in CAPEX in first 2 years - and here's you suggesting they don't need much funding! I think you've been rubber stamped - in the head - too many times.

"Next few weeks"? LOL, how long you been claiming that for? Rubber stamp, my backside. Tongo application alone has been going on for over 2 years - and the company stated there are issues with Tonguma that need to be resolved (though aren't telling what).

Still no license. Still no funding. Still no explanation of 'encumbrances' on Tonguma.

Just the RTO, scrapped for what is a Tribute agreement - IF all the unknown pieces fall into place. Not sure how they are pursuing investors when they have not made public what the 'incumbent' issues are concerning Tonguma.

What are the 'encumbrances' on Tonguma company or assets which need to be lifted? Tax issues were mentioned in the press previously, but STEL have not advised us officialy of any issues. Where's the funding or strategic investor to enable such a deal? Been 8 months since suspension was applied and we are still without money.

http://www.firestonediamonds.com/operations/mining-operations/liqhobong Speaks for itself. You offer some pretty strange examples to judge STEL against.

They raised $220 million - and it's an open pit mine. KS wants us to believe we can go underground and only need $35 million to do it. Yet, here we are, 8 months after suspension and can't find the 'strategic investor' willing to provide a 'mere' $10 million. Think that says enough about economics all by itself.

They also have a functioning mine and confirmed resources. STEL has 3 other dykes for which barely nothing has been done in over a decade and a Tribute hope. FDI is mining now and has just found a big stone. How could STEL therefore be profitable much quicker???

Tiny? FDI own 75% of their licensed and producing open pit mine They also look toward 1 million carats a YEAR production from it and have just found a 110 carat rock. Info in quotes from their presentation. "Plan completed in October 2015 – 15-year open-pit mine and plant capable of producing 3.6 Mtpa • 2013 DFS base case pre financing project NPV@8% US$379m, IRR 3o% • October 2015 new base case post financing project NPV@8% US$389m, IRR 42% • Mine plan is for open pit mining to 383 metres over 15 years" FDI has a NPV double of STEL's best case scenario (based on a Tribute agreement). They also managed to raise $220 million - yet STEL wants us to believe it only requires $35 mil BUT 8 months after suspension still hasn't found the strategic investor willing to put up only $10 million of it. No moaning, mate, just highlighting facts and reality to which you seem to be allergic.

No cash flow or earnings, and $550k pa admin costs means low debt or no debt still makes this financially unsound. And, I wonder what people think the 'strategic investor' (if ever found) will receive in return for $10 mil? Debt and equity has to be the presumption surely?

"Bashers" - make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. Or, Deramping Definition 1. In order to short a stock. 2. In order to try and influence the sp to buy in cheaper. Then again:- Ramping Definition When someone tries to persuade people that shares etc are worth more than they really are. Ramping may happen when investors want to sell shares etc at an increased price and exit, or make a quick profit. Seems to have escaped some people's tiny minds that I have held in here for 6 years and stopped buying or averaging down 5 years ago almost. Clearly I'm not 'short' therefore, nor do I want to buy any more shares no matter how low the price goes. Compare that fact to those spreading the line that this company is finally going to become wildly successful and worth 100's of millions. Why don't those folk want the historical and well documented failings of the company commented on?

Fella, wind your neck in. 'Deramping' STEL has to be the stupidest comment ever. How is that even possible given the state it is in? You've been here all of 2 mins and I'll trust my 6 years of holding experience over yours any day of the week.. You've nothing at all to add except repeating the company spiel - as if people can't read. I comment on here and one other, simply as they are two of my original entrances into AIM (and still held). I now trade many companies, and coconuts like you are the reason why I don't bother posting elsewhere. Your own posts here and elsewhere confirm your rampy desperation. Most definitely blocked now.

I'm not telling anyone to sell. Never have done and never will. I don't post ridiculously rampy comments either. DYOR and be responsible for your own actions.

Yeah, you escaped light. Good on you. This is one of my worst investment decisions, though of course I've had some good (big) wins too. Hit on GKP back in the day along with a mental ride in WAFM. Most recently v good success with SOU and IRG too. Learnt lessons during the last 7 years that's for sure! As far as I'm concerned if this survives and reduces current losses for holders then great (or even makes money for those in at these or lower prices). I just can't see it happening and no amount of rampy posts are going to make me forget the reality of what hasn't happened here. Read back on some of the posters comments. No matter what has failed to materialise here they are still wanting people to believe the next big thing is about to land. They were wrong every time before and I do believe they still are.

Sure. 20k, all prior to Kono debacle. None since. First bought May 2011 at the old 3.5p, holding now 'worth' 920. Would have sold out in 2012 for a 2/3 loss if the BOD hadn't publicly insinuated (and in emails) that Kono would be coming back. If Cotto really has 40k in here then that would explain his ever rampy posts. Note however he has no posts prior to Mar 2015. Said in Apr 2015 he had 'averaged down' below 1.5p - yet the sp hasn't been above 1.5p since mid 2012.