Member Info for Kullybahia

Signing a exclusivity agreement with AA. puts pressure on the mines close by, who have larger resources with inferior grades. They thought that they could wait for the assets to be proved up, then make a move? With copper needed more than ever, Tier1 assets are being sought all over the. China have been buying, so Bod have many players at the negotiation table. Personally believe that with the licence previously belonging to AA, they wany it back, as they have more info than the mines close by.

The next copper rally is going to be driven by the demands of the Electric vehicle. Petrol /diesel cars need about 15k of Copper. EV need about 75k of Copper, now you do the maths?

The exclusive agreement does not have an earn in for ARCM. Basically after the agreement ends, other parties may bid for the assets. Arcm want to create a bidding war, by refusing to take any money now, or conclude a deal with Anglo by Xmas? That's a smart way to sell your assets to the big boys?

8000m of drilling and 250m depths, that's 32 holes to be drilled. Sulphides are what we are looking for, as they are more extractable than oxides.

With £200m debt and low margins. What exactly are you waiting for with regards to DBAY? Can't see any other outcome apart from delist and further shareholders dilution or wipe out. DBAY will sell Force one and TPN to cut debt. Speedy Freight may also be sold to leave a much simpler and smaller business, ESL.

Truthfactory, you still educating the LTH.'s about the company. Where have all the rampers gone? 900% sp increase, etc etc etc? DBAY calling the shots, whether accounts are published is anyones guess? Nov 2019 and still no sign? Must have some impairment charges to come? As for a proper trading update with numbers, is at the discretion of DBAY. Can't see DBAY looking after anyones interest but their own, why would they after their cash injection? Could be the company needs further cash to cover the impairment charges from last year. Now that would further dilute existing shareholders? Well July has arrived and still no accounts from last year. Another 5 months and this years accounts will also be needed? Not looking good for those invested, and delays don't help the situation. Oh and just one more thing (COLUMBO)… Noticed Maritime Logistics have started getting work, from under the noses of ESL. Delivered to a couple of Tesco depots and their drivers and trailers were working out of the depots. Funny as an ex employee(driver) of ESL, how I was attacked here by self appointed Logistic experts. That I was a liar and just looking for an entry at a lower sp. Wouldn't touch this with Boris's Black and Decker, let alone the twitter twats.

What we need here is confirmation of Copper sulphides at deep levels. Then the assets become more of interest to suited partners. With the money raised they have been a bit slow, but that could be due to the virus lock down? Come on NvS, we are awaiting some spectacular grades!!

I've bought more as drill season beckons. Increasing their % of resource is a smart move. If they can prove up more of the resource, then the mcap should respond. As there is churn, it'll be a while before the sp moves. The best undeveloped CU grades in ZAMBIA. They have a Interview 3 months ago in Africa, where Remy talks about their expertise being in exploration, not production. Even a JV doesn't look likely, a straight buyout of assets is what management really wants. Remember they've bought at much higher levels, so they'll want a good deal.

The endgame is pretty much that. DBAY and WS will benefit and LTH will be left with very little equity if any. DBAY have covered all bases and WS didn't put his fleet in to the business for nothing. TF and a few others have called it correct and the rest just give us abuse. Stick to the facts, late rns Thursday.

Well said Shami89, until accounts are published no one knows if ESL will need more money? Are currently making money or turnover is growing or not? The fact that they've been delayed doesn't help with investor confidence. Only rampers talk without looking at the rns. November rns states that more money may be required and losses for the current year could be more than anticipated? Previous years accounts need to be addressed, so further impairment likely. No need to try and figure out what is going on, let the next rns reveal exactly how business is, then and only then decide whether to invest or not. In the meantime it's a trade and everyone knows that.

Lemonade correct, don't hold ESL, it's currently non investable, but worth a trade. Well worth a trade, as that's what most of aim is. Still think Covid stocks are where the hot money is at, maybe ESL will get some action, who knows? But where are the accounts for ESL, delays don't help?

Stobart group struggling, high turnover and debt. ESL mirror company. Too much acquisitions and what if any shareholders value created, if any? Can see the Stobart sp dropping to the same level as ESL. Wouldn't that be something, quite funny writing that bit, Jeez then you can trade both of them? What's Alexio been smoking?

Don't know, pin prick and drop the blood on a small tray. Then waited 20 minutes for result. A small line across the tray. Nurse said you've never had the virus. She explains that you can have had it and never know. Anyway got the all clear, but expect more testing, as the nurse said book another test in a fortnight. Really test after test? This is ongoing which is why a vaccine is the ultimate solution.

I had a Covid test this week. Pin prick by nurse and sample of blood onto plastic tray. Don't know much about these Covid tests,so no BS from me. Then waited 20 minutes for result, my employer is big with 2000 employees. Can't see them not wanting a simple reliable test, without the need of a nurse. First aider and under 2 minutes sounds about right. Just the waiting for the result is costing a lot of money to my employer. Then 2000 x 20 minutes and you can have a hefty bill,plus lost productivity.

Mark@1973, some of what you say is correct. Wincanton are mainly Distribution, they run DC for the likes of Asda, Co op etc. There is a shortage of drivers, but currently that is not the case during lock down. There is no work available at any employment agency, unlike before the lock down Wincanton were struggling to do the A-B of logistics, and ESL would have been a good fit. But they don't need all of it,just some of it. Therefore a deal was problematic for both parties. But you tell me how the bloody hell can ESL, who have the lowest wages in the industry, not be able to make money? Clearly states in the November rns, will make a loss, and probably need more money? Baffles me that no one will answer the rns. Peeps on here talking about this and that, but not what has been stated in the rns? I go by my own experience of working for them and what other drivers at different depots told me, and it was pretty much the same as what I'm telling you? Either where all proverbial liars or something ain't right at this company. We'll leave it at that, and we'll find out when the next rns is released regarding current business and future plans.

When Wincanton were doing their DD, they must have looked at the total mileage that ESL were running. Divided by the money received for general haulage. Then fuel costs per mile, working out how much it costs to run the business, and realised how low the actual margins are. Willing to pay £250m at 70p,so 7p at £25m and still no one is interested. Facts are not discussed here, but the November rns states probably need to raise money and a loss for the year, maybe more than anticipated. RNS RNS facts by the company.

What's stopping them from making an offer now? £25m shouldn't be a problem for Wincanton?

Mcap is reflective of the current business situation. Wincanton didn't make an offer at 70p, as too many loss making contracts. So now 6-7p and still not interested. I remember my first day working with them, my driver / trainer was talking about this and that. Then said that ESL don't make any money from the Co-op contract. At the time I just thought he was trying to keep the conversation going. But now looking back at that comment, and what I picked up from working there, it make a lot of sense now. Fundamentals are not aligned to the business model. Margins non existence, poor route planning, most work in the North of the country. IT needs updating, no assets, Cash flow? Profitability? Return to growth? Lots of problems at the company, guess undercutting rivals to get the contacts isn't sustainable in the long term. Directors hold practically zero shares in the company. Can't raise any money, quite bizarre? DBAY aligned with shareholders? So 18% interest charges? WS has put his fleet into the business. Expect he'll want his cut, he ain't doing it for free. Current trading of overall business? Current profits? TPN bought in 2018 for £52.8m. Then turnover £107m, net profit £4.6m. Jewel in the business apparently by some here, really? Think there's a lot more going on in the business that needs sorting out, before you can say mcap should be higher. But hey ho, so many experts of the road haulage industry. RNS are what tells the story better than anyone else.

The sp is a traders dream, MM's will definitely play their part. But thats what traders look for, volume, liquidity, panic and MM games. Expecting a lot of the above during the coming week. Twitter crews will be all over it, posting misinformation like previous time. Fundamentals will be ignored as peeps try to catch the bottom. Anyone post negative will be trolled as traders try and influence the board. BS will be spouted about £1b turnover, £55m finance, Xmas volumes, TPN, etc etc. Two weeks from now or less, the traders will have moved on, and you will be back to normal.

ESL deliver building materials to customers. Its A-B stuff. With lock down, no one is building, so no money being made either. Lemonade you need to put some Gin, Rum, Vodka or Whisky into your research.