Member Info for KnockinOnHeavens

"Jim Glickenhaus owns a few millions"

And? Does it make feel better about your investment choice, guys? Do you feel more confident? Or maybe he just can afford to lose it in contrast to you......

The truth is that this means nothing but every time he's here a number of users turns into a nodding door mats....Pitiful.

I'm getting paid tomorrow and the price is still below 23p - you know what it means... :)

; )

GK,

Yeah, let's go home everybody.

DYOR period, nothing to talk about, right? The board is closed, I'll see you in 5 years.

KOH

DGR1980

I know that and always do.

It shouldn't stop me however from initiating a constructive board discussion where we can all share views and exchange opinions. I didn't ask anybody to make a decision for me.

KOH

"My opinion as a small private investor is 22p and a market capitalisation of £1b is about right, worth maybe 37p if stg2 comes to fruition and 50p when production starts"

What assuming there is no dilution and mine is built on schedule? Did you even care to familiarise yourself with projected P&L of that company once the mine is fully operational and all funding / construction risks removed?

Black Friday won't last forever I can assure you of that.

"I’m very surprised any of you think the SP will lower on successful funding of any kind."

Well it's sort of relevant to SP what "kind" of funding it will turn out to be, don't you think? Large level of dilution (hypothetically) could very easily have a very negative impact on the current SP (not to mention a potential further decline driven by the panicking herd)....

I was thinking recently about considerably reducing my holding now by selling e.g. 50% of the current holding (I'm in profit atm anyway) and buying back first thing after ST2 being announced.
Now, it obviously has it's advantages but then....How low can this really go even if the ST2 outcome will turn out not to be the most favourable and what everybody expected. A temporary few pence at most? I mean it's already really low and large portion of the risk is already included in the current SP, isn't it? Also any potential unfavourable result (more new equity than we all hoped etc.) will most likely be offset by more certainty (secured funding) so realistically we may see the SP rising substantially even if there will be a requirement for the new equity to be raised.

I'm obviously ruling out the scenarios like "no funding at all" or extremely high dilution etc. and assume that dilution levels (if any) will be reasonable.

Any views on that?

Any close below that means nothing, really.

Sand divination continues.

milender

I'm not planning to visit anytime soon, I'll have to stick to those breathtaking pictures.

KOH

You can even ride horses there watching a fancy shapes of industrial smoke in the same time....what a place!

http://www.surfsanctuary.co.uk/wp-content/uploads/2010/05/IMG_4617.jpeg

Redcar beach is amazing....what a view!

https://www.thenorthernecho.co.uk/resources/images/8178255.jpg?display=1&htype=0&type=responsive-gallery

Watching first delivery boat?

Hmm...That would mean that the mine will be constructed on schedule and that in turn means that I'll probably be with you only in spirit watching boats from the beach in some exotic destination... :)

"A cost overrun is when you pay more for the same item than was previously agreed, the tunnel is being enlarged, strengthened and outsourced, therefore de risked"

I would disagree, Jesse. It's not like they just introduced the improvement and we get better value for more money, is it? The Company's understanding of the geotechnical characteristics of the strata has changed since the announcement of optimised definitive feasibility study ("DFS") in 2016, hence the necessity for revised costs.

I overdosed long time ago....

Afternoon GK,

Fair enough.

KOH

Myo....if we are talking about the additional costs in general, it would perhaps be fair to mention the below too:

"The Company has developed a construction programme which defers the upfront capital costs associated with the port facilities and has amended the scope of work to include temporary truck and train transportation of product from the storage facility at Wilton to the port facility. This enables the construction of the overland conveyor to be deferred until such time as it can be funded through operating cash flows, currently assumed to be 2025"

If they hadn't done it then the revised capital requirements would have been even higher....

Thanks OR

The link is broken, mate.

Yes Alan, in Supreme Leader CF we trust!