Member Info for Kaiser_B

The fine chrome operation, which is currently part of the Dilokong Chrome Mine (DCM) joint venture with Sinosteel and Samancor, is paused with no plans to reopen, the AIM-listed company said.

Jubilee noted that moving the fine chrome facility to its larger Inyoni and Windsor chrome sites, both of which are still operational, would enable it to contribute more significantly to earnings.

https://www proactive investors Co uk/companies/amp/news/919942

Add the. in and away you go.

I do feel that we need to take charge of our own destiny again and smelt our own PGM's perhaps a JV with SLP for our own smelters or buy back Middelberg and do our own PGM smelting, even without the conroast.

Jammer,

You have to wonder if we should or can expand Windsor to allow for more 3rd party tailings or ROM to be processed? I only ask as ecomony of scale gives us a pretty good effort, we have everything in place already and the fine chrome plant will be in place too.

Thoughts mate?

Personally I am not bothered about a dividend in the short-mid term. A dividend is given out, in my humble opinion, when a company has run out of expansion plans, we need to keep expanding our company to the point where no more project debt finance is used and we can go out and buy and/or pay for projects outright. Once that happens the company should start thinking about it, but not until then.

The company needs to be thinking about becoming a billion pound company and that can and should happen, if they really go for it, without being bought out prior to this.

We have good processes and we have scalable efforts moving forward. Zambia was and is proving to be an excellent move for the company and if we can clean up the poisoned sites such as Kabwe along the way, the Zambian government should make us preferred people to deal with mine waste/tailings.

I bought in previously at an average of 0.66 in August last year. I have watched it drop in to the .20's, but knowing full well this would go well past the levels I bought in at sooner or later. My only regret, is I didn't sell out at the top and buy back in lower and reduced my average slightly, but even now at these levels, I am 25% up in less than a year and once mining starts happening and hopefully as cheaply as they say it will, these shares will be trading at multiples of these levels and for a long time. My short term hope is for 5p+ and possible dividends in the future and that will give me a starting point to diversify the money here in to something else, but small steps and all that jazz.

Apologies, I put 200 million market cap with shaes at 50p, when it should have been a 400 million market cap.

How can you say that 50+p isn't a ramp?

I only ask as we have over 2 billion shares in issue, so even at 50p a share, that gives us a market cap of a billion pounds and using a relatively low P/E of 8, that means out profit has to be in the region of 125 Million Pounds. Which considering we are currently in the 10-15 million pound annual profit until we hear otherwise. We would have to, in essence, Triple our profit every financial year to get to your stated 1 BILLION Pounds market cap!

It is either that or we are going to consolidate at say a 5:1 effort, if we get to 10p, giving us a market cap of around 200 million pounds.

So which is it then?

I am an investor here and hope that you can show me the error of my ways.

Also the figures from the first option also doesn't allow for any spends on transactions/acquisitions or infrastructure that may occur too, before July 2021.

Jonah58,

I think that the prices of Rhodium and Palladium is important, but not as much for Tjate and especially not for us, as there is no way that anyone, possibly the Chinese aside, and I doubt even they probably wouldn't do it, will give funding of over a Billion Pounds to a company with a Market Cap of around 90 Million Pounds, even with prices of Rhodium and Palladium at the moment.

Personally, I hope Anglo will JV with us and they will take Quartzhill off our hands and we may get the tailings from some of their Chrome/PGM's/other metals across the board. It makes sense, we don't need Quartzhill and it is at a different level to the others and Anglo can get to it from Twickenham for minimal further cost and we get access to some of their tailings.

That would in my opinion be the best of solutions for both parties. Also I do say that it is only my thoughts here, but I can't see a problem with this suggestion.

Tjate, I my humble opinion, at this time isn't viable. The price of Rhodium and Palladium will spur mines to re-open mines on care and maintenance, which will cost far less than the 1.2 billion pounds to get to the PGM's in Tjate.

Eventually it may become economically viable to get financing to get the PGM's out of Tjate, but supply will have to get strained to the max and platinum will have to get to 2,000+ dollars and potentially around the price that palladium is not far off at the moment, which could happen, as palladium has proved recently.

The one thing to consider at the moment is that Tjate is not likely to have a lot of value on either the balance sheet or to the company and that could/should change.

The other thing to consider is that the Zambian government, want to clear up one of the most polluted sites in the entire world and realose that the water that is at Kabwe is pretty much undrinkable at the moment, due to the chemicals that have leached into it. Clearing up the water at Kabwe is imperative for them and the only way to do that, is to provide water to us to process it. They will make money off us from taxes and wages etc etc, which can then start to help them put stuff right.

Either way, we will get water, it is just whether or not we need to treat it first to remove additional pollutants.

Being honest, the fact that the Zambian government is giving us priority treatment says alot, especially in a country where the mining tailings piles are immense and are literally killing their own citizens.

It wouldn't surprise me if we basically took over all the tailings/waste/dumps that are legacy for the entire of Zambia, because they have to do something to get the problem sorted and we are apparently the only ones looking there.

Is definitely this one.

The Company has gained an enormous amount of knowledge about how to successfully drill wells in the South West Peninsula and we look forward to seeing the interpreted logging data and completing and testing the Saffron well in Q1 2020.

Note the use of the terms such as knowledge about how to successfully drill wells in the SWP and completing and testing the Saffron well this quarter.

We also, know that they are likely to have three bites of the cherry, as why go to the extra cost of widening the well if they didn't think that all three would flow?

Sorry, just finished a night shift and pretty tired. I don't think that we have 634 feet of solud oil from the Lower Cruse. Reading the RNS, it seems like they have hit multiple levels of oil in the Lower Cruse and of course they will keep going until there is no more oil shows, around the depth that they expected it to finish at.

The RNS states this:

The Saffron well was originally proposed to be drilled to 4,600 feet (measured depth). So only another 34 feet drilled.

Not 634 feet as you state from the 4,000 feet TD claim.

I really am happy with my top up yesterday, because this potentially could motor today. The good news is that, despite them meeting difficult conditions with the drill, they didn't do a Neil Ritson and get the ****ing drill bit stuck.

I am happy with the RNS though and it looks like we may get some great results moving forward and I really hope that we drill Clove too.

Another little top up of 16,945 shares here. I sold my SXX shares at the offer price and yes, it could go up abit more, but the offer has been accepted by the board, so it will go through. Yes, someone else could put an offer in for it, but I am not sure that will happen.

Personally I am hoping for 15-20p a share here in the long term, so that will make up for any losses I had and a whole chunk more from there.

Admittedly, nothing is certain here yet and we do need more information moving forward, but I can see this company becoming a big player in T&T especially if Saffron goes the way, that we are being led to believe it will go and I can see us getting snapped up by one of the big players in the nearer term for multiples of this current share price.

Anyway, that is me done for purchases here until March/April time. Good luck one and all, whatever your strategy is.

Another little top up of 197,509 shares here. I sold my SXX shares at the offer price and yes, it could go up abit more, but the offer has been accepted by the board, so it will go through. Yes, someone else could put an offer in for it, but I am not sure that will happen. Personally I am hoping for 5-10p a share here in the long term, so that will make up for any losses I had and a whole chunk more from there. Admittedly, nothing is certain here yet and we do need more news about production and the gold but moving forward, I can see this company becoming a main player in the tungsten market for Europe AND America. Anyway, that is me done for purchases here until March/April time. Good luck one and all, whatever your strategy is.

Another little top up of 14,515 shares here. I sold my SXX shares at the offer price and yes, it could go up abit more, but the offer has been accepted by the board, so it will go through. Yes, someone else could put an offer in for it, but I am not sure that will happen.

Personally I am hoping for 15-20p a share here in the long term, so that will make up for any losses I had and a whole chunk more from there.

Admittedly, nothing is certain here yet and we do need more dumps/waste/tailings but moving forward, I can see this company dominating the dumps/waste/tailings metals recovery market, because we have the processes ready to go and I can see us becoming a big player in that sector, before we get snapped up by one of the big miners.

Anyway, that is me done for purchases here until March/April time. Good luck one and all, whatever your strategy is.

To be fair, those are Leon's words, but it is speculation on my part for what we may be able to use it to process. The fine chrome aspects are great though, as for a few dollars a ton, we are able to re-extract metal that no one was previously able to access, which is just amazing.

I am hopeful that 2020 is the year that most of my shares all come to fruition, but I also hope it is delayed abit, as tax bills and other financial expenses are due this month. Ha ha ha ha ha ha ha ha ha

Well Oiled, the thing is they probably were fully funded and had to release it to stop doubt, but with additional funding, they can potentially step it up. They could also step up other projects too.

As a very long term holder here, my average was really high, but I have been lucky to average down ALOT and it is much lower than the current share price or even the one the recent low, so I am happy here regardless, but I am here for multiples of this share price and dividends moving forward and possibly even a buy-out in the future, if we prove what will happen, is what we all think/hope will happen.

I do agree that Leon and Colin aren't the best at communicating their ideas and progress, but they have honestly improved so much since I first invested here and that is mostly because Leon is doing more of the communicating via RNS without Colin being as involved.

I do agree with your synopsis on this coming year, but I personally think that we won't reach where we feel that we should be this year, because of the spectre of additional share issues which will continue until we can expand the business on debt and/or production figures alone.

The important thing for me is the fine chrome because if it works on fine chrome, it may work on other metals, as Leon has stated that the processes that we invent can be used on other metals and if we can get the finer stuff from iron/copper etc, then we will definitely get an approach to process very large companies spoil.

We may have taken the money which had been set aside to fund Kabwe and used it to buy the chrome rights for Inyoni, as that needed paying for. It could also be that we are still be fully funded for Kabwe, but we may be trying to speed up the integration of all parts earlier than previously stated, which would require additional money spent on it, in terms of wages, etc.

It could also be, that as mentioned, we are looking at additional tailings in the vicinity or in Zambia as a whole, as the Zambian government seem pretty happy with us as a company and if we can make a mutil-metal refinery, which cleans up one of the THE most poluted areas in the world, then we may find other governments and larger companies who have these enormous liabilities on their sheets and we may find that we get to run them through our processes and get even more metal out of them.

But lets be honest here, we don't know anymore and all we can do is speculate, but all we can do is view the facts and go from there and that applies to all shareholders and prospective shareholders.

Big Wod,

What fund raise are you on about? This one?

Medium Term Funding Agreement
Mon, 11th Nov 2019 07:55

RNS Number : 9333S
Columbus Energy Resources PLC
11 November 2019

11 November 2019

COLUMBUS ENERGY RESOURCES PLC

("Columbus" or the "Company")

Medium-Term Funding Agreement of up to US$4.5 million

Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to announce that it has agreed to terms for a new Convertible Loan Agreement (the "Agreement") with Lind Global Macro Fund LP an entity managed by The Lind Partners (together "Lind" or the "Funder") to provide access to additional funds, should they be required, to:

· assist with any un-planned additional costs arising from the drilling of the Saffron well in Trinidad;

· enable Columbus to fast-track the appraisal and development of the Saffron prospect following any discovery;

So yep, the fund raise has already taken place AND we can drawdown the rest in tranches.

So can you please elaborate on your posting here!