Member Info for johnpwh

Yes I know, have been checking RNS first thing every day!

Easy to say (I know) when you have no shares like me - must be much easier being an institutional investor and can view everything dispassionately - but it looks like this really isn't going to end well. Be objective when deciding to hold on to RLD equity.

Thanks for the response, sorry for not replying (I think I hibernated, still getting used to being retired).

Appreciate the detail in the reply.

I am out at the moment. Feel edgy about this at the moment, particularly in retail. Long tenancy agreements are great, but of little use when a client goes into liquidation as has happened so (depressingly) frequently recently. Long term I see major downward pressure on UK retail rents, with continued challenges from the internet and a reluctance to reduce business rates.

I hope I am wrong and wish all holders the best

Thanks for those posts. Great information. I wouldn't want to speculate about the pipeline question - might it be worth contacting the company?

Pleased about the road, it was me at AS who pointed out that the road shown in the aerial photograph seemed to be in the way of the seams he was pointing out! I remember Dr S saying that they would need to wait to see it the road 'moving' happened within a reasonable time scale and, if not, Ariana would have to stump up the cash to accelerate shifting it. Therefore the news conveyed not only saves the company several million of roadbuilding but also allows earlier exploitation of that particular part of the pit. Vey happy about that.

I'm sure like everyone I am looking forward to the next update, in particular in regard to Salinbas. hard to believe but we are starting to approach the end of another year, another winter when exploration will necessarily be curtailed for a few months!

Thoroughly good evening, nice beer and won the pub quiz!

VanVan
This isnt the moving of the public road skirting close to one side of the pit is it? Dr S said he hoped the Turkish authorities would move (and fund) this road as the seams run beneath the existing road?

In fairness there are plans by the BOD to take this to one of the main markets, think I am right in saying that relatively recently an additional broker (one of the biggies, Morgan Stanley?) was appointed, an event that was interpreted at the time as being the precursor to that happening.
No doubt if there is something wrong about what I have said someone will correct me!
Fraid thats it from me just now, off to a pub quiz!

ifonly1

I'm sure, despite what you may think, that other posters here are very friendly (when they aren't fighting). I don't post much either but have learned a lot in the past simply by reading other comments. So if you have anything that you have been unable to learn from company presentations and RNSs then I think you should ask specific questions. I know I did, and if I know the answer I will post.

SIPP. Agree about the photos. I'm not really into this shipwatching but some are, and it is at least relevant to Hurricane so welcomed.

Its the incessant bickering I cant stand

….at pretty much a 2 year low. What has to happen to make this rise?!

Think you have hit the nail on the head here. Unless there has been deliberate misinformation disseminated by the company, and having met the board I do not believe there is any chance that is true, then the SP (annoying though it is) really cannot go any lower! I too look forward to forthcoming news from Salinbas. I am not naïve enough to be expecting a Hot Maden type discovery, but nevertheless it is known already that there are significant resources there which are simply not in the SP at all at the moment. I am in this one for the duration!

My sympathies with holders here, believe me I have been at the sharp end of many a stock picking b*lls up! I held these when they were called something else and mined Tanzanite, then found all the locals were nicking the stones by drilling their own holes into the seam. The authorities didn't want to know. That's Africa for you, that's when I admitted defeat and bailed out. Sad to see the refocus on sapphires in Oz seems to have faired no better.

Interesting, you guys really know the business. Hence my continued interest in this board. I also look at the HUR and AAU boards and again (apart from outbreaks of squabbling and name calling between posters) find the contributors very well informed.

I think I have become a bit risk averse recently, hence my reticence here - I'm no a deramper just trying to be very objective. As a cautionary tale I just noticed what has happened to RLD, seems about to turn its toes up. I bailed from that just in time when the corruption that seems endemic in Africa (specifically Tanzania) caused them to try again with sapphires in Australia. I'm glad I did!

Don't think the update was a disaster, but neither did it fill me with the confidence I hoped that would compel me to dip a toe back in. The truth lies somewhere between the optimists on this board and the pessimists.
To date there is no profit, and I have to agree with those that expect further fundraising will occur, whether that is in the form of debt or equity dilution. In some respects the latter is preferable as I suspect any debt financial terms would be penal - of the sort that has undone many AIM shares through an eventual debt/equity swap.
I assume they are going to mine as much material outside the winter months as possible to ensure the factory is supplied throughout the year, unlike obviously last year. Thats fine, they are just on a learning curve. Also value added by doing their own finishing must be a very positive development.
A doubt is whether the product, irrespective of quality, will be able to command the same price premium as Italian marble - the rich are snobs!
I'm not sure about this Stone Alliance thing, assuming that is still on the cards? For a start it adds competition to the the companys own products while taking up management time and probable requiring capital expenditure (yet more fundraising?).
To sum up, still following this closely but unfortunately for existing investors I suspect it is going to get cheaper before the market realises that there is probably something here - maybe with the next set of results?

VanVan, probably the usual pattern of excellent results, reassurances of superb future prospects in the MDs statement, a small rise in SP followed by slow return to the 1.30s!

It will all come good one day I think

I agree with you about the Chinese - that is a potentially massive market. From what I gather the resources in the quarries is almost limitless, just needs the sales that China could well provide. I hope due diligence has been applied and there is not too much credit being given, I seem to remember that they have been stung by agents before?

Hopefully, looking back through RNSs the Kiziltepe quarterly update was 31st July last year

I think everyone has got bored with this share now and hibernated!

I like the way Chris Gilbert comes across in interviews, despite the interviewer here sounding like a bored teenager who just finished her shift at McDs. He does impress, but I still feel unease about this constantly being a jam tomorrow company which is constantly raising additional funds and diluting the shareholders. One reason for the cash burn must surely be directors & staff pay, though given the revenues involved at least they cant be being too greedy at the moment.

Appreciate your views pijoe1212