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i know 2 people in last 2 months that have jacked in their job a t the mine due, both said they hated it.
the problem is staff will need to really stay on site cause none fancies the commute. none real fancies staying there with not a shop or anything either. they need to build teams not hire workers. pay them right with bomuses, provide them onsite accomodation in rotas. and if they cant do this and make a profit then the project is doomed. people that do real jobs in trades etc dont work for nothing anymore, the tables have turned in the jobs market and blue coller now is more in demand and pays more.
well its nice to be shot of it, but not so nice to have to wait on payment. overall i take it as a positive, we never made a cent from killi and infact killi has been responsible for holding profits and this company back. so its a great day for this company.
So the future? it looks like we are making good money with our process operations and bo this money wont be needed to pay for that disaster of a mine. so we will have a low PE at these prices and good potential going forward because a lot of money has been spend on building the plants, just go look at past rns for last few years to see that. and all that spend is now paying.
So what we need to see now is this money growing to be used for aquisitions or building another plant, perhaps a south america plant as it must be expensive shipping all that scrap to ghana for processing and it might be better to have a branch over there getting more buisness and building client bases. then we have the other 2 great gold mining areas of the world being australian and north america. So thats the direction i would like to see us go in, buying the wastes, the grease, the oil, the belts etc that the mines cant process themselves and for us to do so on a %. This has the makings of a very big company if we can get all this right. and even if we didint and sat on our hands we are making silly money for such a low valued company and in a year or two will have more n cash that the company is worth at this sp.
I been in and out og GDP for years i even got their 1 and only dividend and they were making less money then and the share price was 15p so i cant see how i can lose here with such positive cash flow and low share price.
thank god killi has gone what a great day for this company.
getting hit hard today, if it reaches 70 im a buyer again. sold at 115 on friday for a multibag. i had a feeling it would have a correction. if results good though should bounce right back. i suspect they will be good and i would hold and not sell.
my issue is time to market. trials, more trials, approvals, manufacturing. of course braveheart will never make this but will sell it on to someone that can. So the value here is getting it sold if the test comes good. 50/50 hence why i sold down a bit today but want to stay in for the results. whatever the results there is still 50p on this just dont bet the house. so most are still ok. if it was a year ago this culd very well have done a ncyt but even a good result maybe a decent sell on but no triple bagger again not from here.
350p is about the righy price here. I watched it jump from there to 1200 and knew it would comr tumbling foen. Still a way to go but mark my word this us going down more. Its not got enough and profitable diffrrnt buisnesses and invomr stresm other thsn covid, im dure it will use its covid money to move ahead in other areas but just now its profits soley based on covid trsts which is noe a saturated decreasing market with a rapidly approaching shelflife.
underwhelming? a company worth 12mill makes 3 mill in 6 months and has increasing profits going forward. has at last count 5 million in the bank.
we are not far off having more money in cash than the mcap and on top of this profitable operations continuing forward with increases profits.
the conclusion of the killi sale is the only thing keeping this from doubling and trebling in price. but even if that completes falls through this is still a bargain. you could write killi completely off and still youve got a very profitable buisness here. anyone selling now is going to lose out big time thats the only fact here.
the power station in stornoway was running full till a few years ago anyway. it has been kept on standby. it would have little impact to start it up and running till the cable situation was sorted out. dealing with the people there is hard though, they all want a slice of the pie and in many cases have got too greedy for their own good, im sure sse would rather just say bye and leave them too it fighting amougst themselves. they want everything but give nothing, the idea of anyone making a pound fills them with horror. i suggest they all find someone else willing to make a massive loss on supplying 26,999 homes stretched over many islands and a vast area that could make a profit from them. absolutely no-one ever has made a cent supplying them electricity from the butt to barra.
but alas its like royal mail you gotta do the unprofitable bits to do everywhere else. sse would be glad to hand them the infastructure for free and watch them go instantly bankrupt.
ive no idea, but i took a look about it does seem quite a popular channel but not massive. its only one of many prongs the company has though. when you look at the multitude of big name customers and channels of income its really quite shocking how low the share price is here. surely there is decent profit in these contracts or why bother. im going with very strong trading update and profits at next announcement. does anyone know when we are due an update or results ?
id prefer some stake in the new company if im honest. least i feel then they aint getting something on the cheap.
i think quite a bit of the share price lull could also be concerned with the covid situation in SA. this was quite bad in january but has now rapidly drpped, im not sure how they got sych a fast large drop but they did, perhaps it ran through the population like a train and herd immunity aquired, or maybe a very good lockdown. also maybe summer has arrived there that certainly seems to help look what happened in uk when summer arrived here. im not sure how GDP coped with this surge and i think it scared a few to sell.
yes mayflower did a 100 oz pour in the first month ie september. so chances are they have taking over 500k out allready before even paying for it. and yes why is the old ceo so enthusiastic about keeping killi? is there something we are missing? i can understand him keeping a place on the board of goldplat especially in the early days. but its obvious he sees good upside at the mine for his new venture. in some ways makes you think we are being robbed.
however killi we couldnt make work, we even put on care and maintenance as had enough of it. so what werent we doing to make it work and what is he going to do that will?.
yes, also the weather has been poor here for months. raining every day since october and i aint kidding. so this will not have helped things . its quite a harsh enviroment, not really like the australian fields they are used to. your either getting bitten to death by mifgies and cant stand outside or your getting bogged down in mud and rain with a couple of months of snow.
well going by mayflowers website and its claims. its a done deal the sale of killi. they are claiming 100% ownership
qupte
100% interest in the producing
Kilimapesa Gold Mine, which
has a 671,446oz JORC
resource and a well defined
mine optimisation strategy is
currently in process
there is something suspect about the buyer, they have sold it on even before paying for it. ive a feeling they dont have the funds. they were also superfast to get going processing the tailing on site. i can see the deal falling through and the mine closing which if im honest is not a huge issue. remove all the equipment and sell it or use it. over the years the amount of money spent at that mine has been huge. millions on equipment. sp there is value there in selling it off . so though not a great picture its not as bad as might be thought. we need conclusion and we need out even if thats not so good. that mine has done nothing but drag this company down for years. just go look back at all the trading updates. profit in SA, but killi costing. year after year.
The tailings at SA are confusing. first they are a poor grade, but as they are on site costs to process are low i think management are trying to figure out how to get it through the machinery fast enough to make it worthwhile. but they are there and can sit there costing us nothing unlike killi.
these are problems from our previous management who collected nice wages for years while us shareholders got nothing, the usual AIM story.
But the company has with new management definetly turned a corner, the most important being finally accepting we cannot make killi work. unlike others im not so worried about new exciting ventures, sometimes these new exciting ventures turn out a disaster. instead we are building up the money, some of which in the end we might have to spend getting closure on killi. but id like to see the cash build up and the profitable buisness enhanced. then maybe look into setting up another plant.
this drift in the sp is because of killi anxiety and it might even take a dip if the deal is off, however will soon rise if the cash keeps coming in.
the positives are.
heres a wee on the ground read about killi and the area.
https://www.pd.co.ke/news/where-gold-is-no-ticket-out-of-grinding-squalor-61102/