Member Info for JimBL

Indeed. If you can afford to play the long game, which many of us are and have been doing, then strange things can happen. I've used WAFM previously as analogy. They re-rated to 11.5p, bounced up and around 16p for a while then for some completely unfathomable reason went as high as 90p! Of course that price collapsed and is languishing down around 6p or so these days, but after witnessing that (and sadly not exploiting it to it's full potential) I rule nothing out on AIM any longer. My own original target based on our assets and what I believed to be the game plan (before Kumba and the IO pricing dramas) was a conservative 12-15p with a potential for 3-4x times that if the cards all fell nicely. I'd more than happily dream of 12p once again right now!

Top bloke. Never got involved with the crazier side of AIM and his insight was always useful and worth listening to. RIP Steve.

Sorry, but that isn't actually wholly accurate. Ferro Manganese has barely moved in price and that is our stage 2 production goal along with the required smelting plant. Big profits still to be made there. Togo is also about to ramp up it's Phosphate industry (fertilizer) , which of course Manganese has a part in. Given DR's ability to change track when and where required and identify other market possibilities, I wouldn't rule such a thing out given the decline in steel commodities.

Sources? Care to share (the info) or are you just talking of open source news etc?

Likewise. Good to see another long termer show up. Hope your holding strong.

And Managanese is a vital component in fertiliser production ;-)

Had to check in to absolutely gloat over how we are still nowhere close to .35p the resident doom monger hopes for. Glad I filtered him but sometimes miss the desperation he plainly has ;-) Could do with an update here though - but suspect it's all going to arrive at once.

ML - Cheers for the update. Some hard and uplifting news will be welcome. Curious about why he's in Gabon given that Mabega is on the back-burner due to IO pricing.

Ministers / Cabinet reported locally as being appointed on the 21st, just 2 days ago. Also here - http://tradebridgeconsultants.com/news/reshuffles/new-cabinet-appointed-2/ Hardly indicates the Pres is absent or incapacitated does it? For those wondering, Mines fall under the newly designated Ministry of Transport (and of Energy & Mining) with the same old Dammipi Noupouko in the seat (previous Minister who will sign off the permit).

Utter nonsense. The sp was actually lower prior to him beginning to post his diatribe on here. Take a look at the 6 month chart as an example.

..before logging in that our BB rain cloud is back. He's nothing if not persistent over his dream of a 0.35 buy-in price. He's been saying that for 3 months now. Still no closer to it ;-)

Cheers. The link opens to a different company, but i found it by searching on that site. It's the latest interview with DR should anyone else wonder and the comments come at the very end of it. "Prospective project which would see us not necessarily competing on the IO export market, which is difficult place to be with the low pricing you are seeing at the moment, and we look forward to informing the market of that in the near term assuming it goes to plan".

Oil - "mystery development outside of world IO markets". What is that referring to? Doesn't ring a bell with me.

This coconut has been banging on about a .035p share price for months now. Despite his best efforts at solo de-ramping he's still nowhere near close to it!

A contested Election followed by a complete replacement of Government Ministers is not a sensible explanation for you?

The stage 2 Ferro Manganese smelting is expected to bring a minimum of $20 million per annum.

Absolutely. The previous RNS alluded to that as well as clearly spelling out the other steps to be taken - ONCE the permit is issued. "These agreements will be made legally binding upon the grant of an exploitation permit from the Government to Ferrex. The Company will give further details on the terms of the Mining Convention and the exploitation permit at this stage. it is likely that the Council of Ministers and President will only be able to consider the granting of the exploitation permit after the conclusion of elections and the appointment of the Council of Ministers. During this time, the Company will prepare tender documents for some of the long lead items such as the process plant manufacture and will seek to award a preferred contractor who will be appointed immediately on award of the permit. The Company also intends to finalise marketing and financing arrangements during this period so construction can commence immediately on award of the exploitation permit. Initial indications are that the overall capital costs associated with the Project can be reduced by almost 50% due to a combination of circuit simplification, competitive tender environment, weakening rand and modular construction reducing civil works and on site erection costs. The Company intends to finalise these costs in the next month and will publish the full results of this when complete. A maiden Ore Reserve statement is being compiled. Once costs around the accelerated start-up operation have been finalised, Ore Reserves will be announced."

It is expected by the end of Q2 and it's not even June yet. Look, DR and the BOD can do many things, but they can't make a national Government work any faster!

Researching what I'm invested in. A headline seldom tells the full story.

To explain further - "This would bring BHP's C1 costs closer to those of rival Rio Tinto, which said earlier this month it achieved average cash costs of $18.74/mt in the July-December half. C1 costs do not include freight, royalties and other corporate costs" FRX equivalent is $10.50 for production only, with further savings anticipated since those numbers were given.