Member Info for jscapper

“I am not going to say no we are not going to raise more money “ AW says in the video which you refer to. As I said it is a lie to say management stated they would not raise any more.

Nope sorry cannot hear that phrase.

Now Scotsman. That is a lie. Never has that statement ever been made by management of BRD. If you can find it I would like a look.
I really think you would be better investing with FTSE companies.

“No intention to raise” Mike Huston

Exactly g-w they don't need any more. just those mischief mongers who are trying to spread misinformation rather than doing a bit of research.

"slightly higher value per carat"

That would be $430 compared with $320 per ct. In my view that is not slight as it is way over any projections or historic. What does this show? The deeper they move into undiluted kimberlite the stone sizes are on average getting larger. As stated more $1000+ stones found.

Warrants to be triggered would need a 100% increase from ere. The consolidation will mean warrant prices will move to a similar x 500 level or £1.

$1.5 M worth of stones mined in Q2 compared with a mid estimate of $900K from projections. I would say that is some improvement and before the new crusher is installed. As for consolidation it is a good move. Shares at around 50p per share looks much better to investors rather than the current 0.01p.

Quick read and it looks very good.

And a stronger level 2 again today.

Level 2 strengths. Again we have most trades as buys but coming through as sells. 2 v 2 mms from
1 v 3 at start of day.
Really looking forward to the Q2 update.

0.0925 is the price to buy today.

It would not surprise me if the Q2 is out tomorrow. Buy price has suddenly jumped to 0.0975.

I am of the opinion that Q2 will show the company running at a near profit even though the throughput will show a big increase over the remainder of the year. The new management team do seem to have an understanding of what has been needed to secure a profitable enterprise.
The mine is looking to process around 320,000 tones this year before ramping up on a full year to over 400,000 tones.
2018 shows 3.28ct pht which with the new plan should see increase as the strip sections not processed. These low value areas have been identified by the new team as stated in the las report.
320,000 tons at 3.5ctht would give a profit for the year of $250,000. However we have already seen some large stones which will have lifted the $325 price per ct in Q1 and2 to around $375. If this was maintained for 2019 the profit would be $500,000.
If the ctht was raised to 4.5ctht then we would secure a profit this year of $1.25M.
All these figures are worked using the companies own fixed mining and operational costs.
We will have a better idea of how accurate these projection are when we here Q2 results in the next 10 days.
These projections have been calculated using real data and not the back of a fag packet which seems to be used bu the rainbow chasers who have not seen an instant reward and so sell then start to trash the company.

Cash position
At the end of the year the Group cash balance was £168,181 (excluding restricted cash). The Group cash balance as at 25 June 2019 was £1,168,918.

Lets judge the new team on this promise.
"2018 and the events that have followed post-period end have seen us make significant progress towards achieving our goal of reaching sustainable profitability in the near-term. The significant increase in tonnes processed and average grade along with a number of exceptional quality diamonds produced post-period end underpins our belief in the potential of the Kareevlei mine. We now have the right strategy, the right team and sufficient funds in place to begin to really exploit this potential and I look forward to providing further updates on our progress in our Q2 production update in July."

"The board have no respect for P/I the consolidation is just to add more placings as without it they can’t now below nominal value".
What can you say about this understanding of the company? And the quality of traders we have.
Just a factor of 10 out then. Not much difference really LOL.

Babysham I respect your sell position. Which seems a bit strange as you have only been in the share for a couple of weeks. Each investor to there own I suggest. Good luck with your next unicorn chase.

SR agree totally and is the reason I mopped up some more from the rainbow brigade. Who obviously sold at a loss.
I could not believe the high cash position on the 25th June. After upgrading the plant with the larger crusher along with other improvements to the circuit I was expecting the balance to be low $100Kth's. Not to be over the placing amount. Why would you sell when an impending Q2 results are due ? As I said a few weeks ago we have been infiltrated by talkers and rainbow chasers.
Onwards and upwards.

Think I said a few weeks ago, the board has been inundated with the two week investors who had done no research into the company and expected an instant reward. Afraid it does not happen with shares like BRD. Looks like we will soon be back to those who understand. The report held nothing new. Infact it felt for the first time the company had a real plan to expediate the exploitation of the resource which is an excellent one. I was surprised to see how much money they had in the bank. Especially after all the plant upgrades they have made. this says to me that the May and June tenders must have been exceptional in terms of historic sales and may show a profitable was made.
I look forward to reading the Q2 figures along with the forward projection.
I also am looking for ward to the return to a normal board.
For those that have sold I say good luck and many thanks for letting me and others have your shares at a bargain price.

With that amount of money on hand at the start of this week they must have had a couple of good tenders in May and June. Not just from the $190,000 sale. This bodes very well for a strong update foe Q2 which could be within the next 2 weeks.

The Group cash balance as at 25 June 2019 was GBP1,168,918.
With a M/Cap of £1.8M

Undervalued I would say