Member Info for jscapper

Babysham sorry for my last post. It is I who should read twice before I post. To much coffee is my excuse.

babysham - You really should not post whilst under the influence of substances.

At the moment I would say £5 Million is not an optimistic view. After a 2019 projection which confirms profitability this year I could see anything up to £10 Million.

All moving in the right direction an income of almost $700,000 for the quarter. They have only just started 24/7 mining so no impact of that seen in these results. Looking forward with interest to the full year outlook. What is the M/Cap? Under £1.5 Million. A big buy at this level. Sorry to see that the moaner is still posting his poison. Some people will never look to the future prospects always looking backwards.

I have thought this may be a possibility since I last had contact with AW. No news at the moment is good news. Must mean all is well with the mining and collection of diamonds.

The prospects of this company have never been better. Over the last 2 years the mine has been proven with consistent improvement in the grade of our diamonds. a new pit management team with experience and respect in the diamond industry now at the helm. We seem to have a real plan to deliver on past hopes. I am excited at the prospect this year provides and am looking forward to the projections for 2019.

Interesting cluster of buys this morning. Some news may have leaked.

Interesting cluster of bus this morning. Some news may have leaked.

Q1 last year 9th April. Should be interesting especially with the hints about grades we have had.

yes they will be working a continuous 3 shift pattern 365 days a year.

They have been working 2 shift patterns not 24 hr which they are ramping up to also 5 day week. The new plan will increase time by 40%

I suppose they had to wait for the 365 day permission before putting details to paper. Happy with the explanation and for once not an excuse.

Just received a reply from AW.

Dear John,
Thank you for your email.
I hope you have seen the update today. We are very keen to under promise on our forecast and are taking a little longer than normal to put out full year expectations for that reason.
Many thanks for your support.
Kind regards
Adam

Very pleased to see this bit in the statement. At last a figure which has been kept to.

"guidance for production volume in Q1 2019 of between 35,000 tonnes to 45,000 tonnes. The production volume for the first quarter is expected to be nearer the upper end of this range".

Onwards and upwards.

seems to have had results RNS

" There has been 340,000 tonnes of waste stripping taken place in KV1 preparing the pipe for efficient long term mining. The funds raised in this Fundraising will help the Company to continue to progress the development of Kareevl"

Yes if you read the reasons for placing all sounds good. The spent $500K on this waste stripping. Which sound a lot but should have meant we are now mining pure kimberlte rather than a dilutes ore as in early KV2 mining.
My concern is the non keeping to there news timeframe dose not give new potential investors confidence. Last year the 2018 guidance was delivered to the market on 1st March. We were promised this years in February. I understand the 2018 guidance was given again with Q1 figure last year but still a promise is a promise.

i suspect that if there is news other than we are expecting. ie 2019 Operational Guidance. Then we should brace ourselves for a major fund raise not for daily operational costs but for a major plant update. I would even go as far as to say it could be over £1 Million.
Only guess work but in this case silence I feel is not Golden.

I have just penned an email to AW asking about the lack of a promised RNS re 2019 Guidance promised for February. I also questioned the Company over promising and under achieving along with a couple of other point. Not expecting a reply but eh ho.

“ A further update giving guidance for 2019 will be released in February 2019.”

From 10th January RNS

A little bit late. Hence the weakness in SP

It was stated in RNS that Q1 would be transitional with weather and upgrades to plant. The bonus is better weather than in previous years and a 24/7 work pattern. No news is good news as any substantive changes to the projected plan would have been given to the market. As for large stones only those which impact on the income are to be reported. I think we may be positively surprised with Q1 results in ctht discovered.
News due anytime is the 2019 Production forecast.Then first week in April should seeQ1 figures on production and sales.
2019 should be transformational with a good run at consistent production.
I also hope to hear something on the acquisition front this year.