Member Info for Kalan

0m and waiting lol.

Fair enough Bristol cupid - when the finance is totally sorted - we are about half way there IMO - the share should start to re-rate - this will accelerate when the company becomes cash generative and goes into profit. You want to wait until the cash situation is sorted - don't blame you - there are many holders who wish they had not bought higher and had all their cash waiting to go in. You may not get the lowest price but there will be plenty of time to get in at a risk free price - good luck.

El ferrite - don't you know, everything in the world is trying to get EUA share price down. Don't come on here with your sensible post explaining that the site has been difficult on all shares - no this is an attack on EUA.
Donald Trump also said today that the shares in that Russian company - you know which one I mean wink wink need to be taken down - obviously he meant EUA.
Jeremy Corbyn said that we muss limit class sizes and get EUA shares down to a point where everyone can afford them.
These bear attacks must be stopped.
Anyone noticed that the constant sells look like PI's bailing out - no just joking that would be a ridiculous explanation - go check yourself out kalan you numpty - it's probably the Martians.

Agreed moghwy - I like to cut through the accountancy shananigins and just ask - what would it cost to buy the company - the market cap, what is the debt and what is the annual bottom line profit. The number of years to pay off the market cap and debt and the length of the project life tells us if it will make money. For WRES the answer is yes - if it all comes out as we currently expect.
After that I just need to check cash flow to reaching full production.
The WRES case is simple - the cash flow in the short term is uncertain but becoming less uncertain each month that we get by - so gambling on the cash flow really - what they do with debt restructuring will affect the overall profit but not whether we eventually get to profit.
Get past the short term cash flow problem and the sp is going higher - debt restructuring, other projects, actual production, sale price of tungsten and tin concentrate - they will all dictate how much higher.

Would be nice to think so Happysparrow - massive surge for the sp and then I would be out. The alternative is a slower but probably higher move in the sp - either way holding and adding if it dips again.

At a critical point now. basically if it finishes the day above 2.7p then the climb to 4p is still on. If it finishes below 2.7p then 4 is out for the 'foreseeable' future'. (see what I did there -'foreseeable future' - how long is that - who knows).
p.s. Pailface if all you can do is look at spellinks then I assume you have know nowledge to be able to contradick anythink else I have posted.

Dealer 55p - the price is held where it is by buys and sells. If it's falling - more people are selling than buying - all this guff about market makers is made up tosh - their job is to make a market - they only make money when they buy and sell shares - they get the margin - so they move the share price to where the action is - hence my thoughts about the sp going to 2.1p or 4p this morning - if there was an appetite for buying they would have moved it up to bring in the buyers scared of missing out. If there is an appetite for selling they drop it to get the sellers and buyers (looking for a bargain) to match up - that's it - it's not a mystery.
You don't seem like one who will panic - you seem like someone who has made their mind up that this is cheap anywhere between 0p and 4p so you will not be influenced by ups and downs - good luck to you - you have made your choice - others panic and get greedy by the day, hour or minute - not you - I can see that - respect - but the others - they are moving the sp - the market makers merely oblige to maximise profits.

These sort of local arrangements have been around from time immemorial. Look at the history of British mining (stipends) or the clondike gold rush - if you make a discovery you get certain rights but it also alerts everyone else to the possibilities.
I know nothing I say will get through but here we go:
Extending the area under company control through an application makes sense because the company has exclusive rights to the so called 'limbs' and they can be (and have been) put in the basket of possibilities to go along with the one saleable asset the company has which is the MT licence area (covering two pits). As for extending the area beyond the 'flanks' well at the moment the company is in the same position as anyone else and would need to try and get licences etc - no other company seems bothered do they.
The 'flanks' will need to be drilled before they can be included in the company assets and this will take time and money that the company don't have.
The bottom line is that the company have 1.9 million ounces at MT and the project there is 85% funded by a deal with Sinosteel that the company have yet to activate. They have decided not to activate it as they see selling up as the best option to quick bucks. They are applying for the 'flanks' as a sweetener for the sale - another potential but totally unproven 13 million ounces if you want to drill it JORC it mine it process it etc and take on the risk of pgm prices. It could add a penny or two to current value IMO. The rest of the region is there for anyone to have ago at - EUA include it to make out that they have a footprint in the area so you never know - just to add a bit more spice to the offer.
My target price based on two separate valuations is 8p to 10p with 8p being more likely than 10p. The broker has a target price of 12.5p - not too far away from mine.
What would you pay for the share today - well the market says 2.8p ish so that is what it is worth. Most on here think it's way too low - I think it's too high for me given the risks. Each to their own - but when the 'crowd' are in town - any balanced to negative view is pounced upon and the posters are trolled by the resident rampers - good luck everyone - definitely do your own research as the general level of knowledge on this bb is appalling.

I would hope that the board have a plan of action in place that maximises the income stream from ex seven assets and gets oil to market from Niger in the most cost effective way. I would also hope that nothing on these bb's affects their decisions or progress to their plans in any way.
As I see it they need to priorities the seven assets and making them as cash generative as possible. Next they need to have a plan in place (it already should be given the wait we have had) for getting Niger oil to market effectively and lastly they need to drill and hook up the new wells to the system that is in place. There is no need, commercially, to drill in Niger, where success is a virtual given, until the route to market is clear, efficient and cost effective.
Drilling just to please the PI investors such as us would be poor management IMO. getting the share price up is not a priority - maximising profits is - the share price will follow.

Been on this board for years - not seen most of the posters here before - have you come because it was a biggest mover?
Read the last 20 or so posts - it is obvious that no-one don't have a clue about the company - good luck - you are going to need it.

This mornings news shows why we need Oldskool and DB to post the negative side (p.s. it doesn't mean we have to get involved in a slanging match with DB).
Masterman is trying to get the company to cash flow positive - he has just borrowed some money and drawn it down for immediate use. Even he knows this is not what we want to hear, hence the pathetic positive spin that this allows us to further reduce the average cost of debt - like he has taken up the opportunity to lower our average interest for us - when all he has done is borrow cash but at a decent interest rate.
Positive - it gets us another month forward in the ramp up. Negative - he hasn't done the job required yet of getting us to full funding until positive cash flow.
3 steps to heaven:
Step one - get the kit working - tick.
Step 2 - fund us to free cash flow - half a tick (progress).
Step 3 - profitability and starting to repay debt - no tick.

(note: company data and ebitda and all that should have reference to the 35 million debt - market cap 20 mill but market cap plus debt is 55 million. So market cap given yet unproved profits is not out of kilter with reality as it stands).
Holding for two reasons - first Masterman is a slithery eel of a bloke who spins and works behind the scenes which mean he will get the dosh somehow. Second - I am gambling that La Parilla will produce the goods and this time next year the finance worries will be behind us and the cash flow will be paying down the debt - as the debt goes down the market cap can go up.
Hold steady says matron - it's going to hurt but it's for your own good.

The old sayings are usually right - 'you can't educate pork'.
Have a nice day.

The charts and indicators show the battle that is currently going on between greed and fear. It is easy to make out a scenario where the sp drops to 2.1p but also easy to make out a scenario where the sp challenges the recent highs at 4p. I do not think there is much chance of it sitting where it is for a prolonged period. The next day or two will be when the move occurs one way or the other.

The bottom of the bear raid tells you where it's going - I know I am talking nonsense - ignore ignore - chart looking a bit worrying for anyone who bought into this mornings ramp - but ignore ignore - don't let the mm's get your shares - he's just a saddo who has missed out etc etc.
40 million ounces - all palladium worth $75 billion - all to the bottom line. WK is a cash cow. etc etc.
If I still had my shares I know what I would be doing now. adding more - it' a no brainer for those with no....

Got positive divergence - could be the start of summat - no guarantees - but hopeful.

Docushake - we tried but we lost - Rampers 3 - 0 Truth seekers.
Feel sorry for the poor mugs who get drawn in by their mates and tips - they end up holding the shares as they fall - anyway - still waiting for the share to hit fair value before I buy - it ain't got there - yet!
Anyone with any knowledge of mining who read that update will have more concerns than before - but since almost all of the punters haven't read it why does it matter - the sheeples always follow the crowd.

.. and the rampers take their profits and are gone - leaving the newbies and topper uppers at 3.1p to hold their shares faithfully and wonder why it is worth 25% to 30% less just a couple of days after such fantastically good non news. How did it happen?

I have read First Equities morning briefing - not twitter. Good luck - you are going to need it.
Do you at least accept that WK is 68% owned by EUA - have you read the rns.
p.s. what do the rns say about funding for MT - is it fully funded by the Sinosteel financing? the answer is there in black and white - try reading it.
P.s. I am not de-ramping - I am trying to provide balance for the inocents who will come here and buy and be left with the shares as the price falls back - the rampers will have moved on.
No new news today and the facts in the rns make the company worth less than I previously thought based on licences they have and areas that they part own.
The potential is great but there are thousands of IFS and BUTS before that is possibly realised and when buying the shares people should be aware of that.
Comments about 40 million ounces when only 1.9 million ounces are proven up and licenced, although not fully financed to production is disgracefully misleading.

Have you checked the source he is supposed to be quoting - First Trader was it - something like that - go on check it. p.s. never ever use Twitter for anything.

For paleface et al:
"The West Kytlim operating mine (of which the Company owns 68%)" from one of today's rns.
100% owner operated is not 100% owned. EUA only own 68%.
As for it being right because you have seen it on Twitter - genuinely laughed out loud - so funny - almost everything on Twitter is a lie mate.
Just check it out - ti took me less than 2 minutes. made up.