Member Info for Lottohopes

I m looking at the £100m plus revenue generation yearly. Happy to wait and see what unfolds :-)

DG: they have stated their intention to close the deal in April, so suspension for 6-8 weeks I reckon?

Err what incredible dilution? They have stated that they will raise 50m. They have not stated it will be at 1p. We need to see exactly what plan is unveiled to finance the acquisition. I think we are jumping the gun because someone (who isn’t even invested here!) states the raising will be at 1p. Really? I don’t see billions of shares being issued here causing endless dilution. The major share holders are a strong group. But that’s just my opinion. The company will release updated numbers on the mine, capex etc, which should be significantly different from historic numbers. I read in one capstone report that the mine was run by contractors, and this is one area where efficiencies could be achieved. There are many more or they wouldn’t have touched it. Guy le bel was in capstone and knows the asset historically. We have purchased a producing mine, so no faffing about, within the year, things will be clear as regards revenue, profitability etc. Copper market is bullish for next 5 years. Maybe it’s just my outlook. Time will tell. DYOR.

I find it interesting that the human mind tends to focus on the negatives (myself included no doubt about it). The company has the cajones to commit to raising $50m in one shot, to purchase an asset. That in itself is remarkable and gives us some idea of scale, ambitions ahead. As Okenia states, we are more used to small amounts being raised regularly. I think the journey has now started in earnest. Just my view point. Of course everyone has to make their own decisions. Good luck all

Bythesea: I share your frustrations. But do we really think a 1p placing is on the cards here? Even raising 25m at 1p requires 2.5 billion shares issuing. Do we think the existing major holders would be happy with this scenario, nevermind us small fry?

No disrespect meant, I think you need to read the RNSs carefully to see what has changed strategically. Good luck all

Yawn. Hilarious that those who don’t hold here, find it in their hearts to point out the pitfalls. Thank you :-) PB always stated their intention was to find assets “with some hair on them”, and use the team’s vast experience and skill set to improve the numbers. That interview he did was insightful. The company isn’t just buying someone else’s NI report or project and merely pumping money into it. It’s a fundamental creative rethink of every process. I found the study/report on the mine, and numerous avenues listed to improve the metrics. It has the power to turn a marginal project around. I do agree that big dilution would be very disappointing, the raising price is key, but even if it’s a higher number, I doubt it will act as definite anchor for the sp. Possible that existing holders may receive offer to buy pro-rata? Ultimately the market will attribute value based on the numbers. People can bash it or ramp it all they want. In any instance, it’s suspended. All just my opinion. DYOR. Good luck all

Wake up people! Someone share my excitement :-)

Wow! Atleast your iPhone is charged :-) Safe journey home...thank you for posting all the same

Thanks for posting Okenia :-) So just browsing the documents on the mine, through put is about 1.35mt per annum (3750t/day); grade was about 1.6g% Cu, .6g/t gold and some silver to boot. The gold and silver are completely streamed to Wheaton, at $300/ounce and some $5/g? Or is only the first 30,000 ounces of gold streamed at fixed rate? Copper value produced annually IF the grade was 1.6g% at above tonnage is about £110m per annum assuming 7000$\tonne? Gold is just shy of 30,000 ounces annually, which at 300/oz gives some £6.8m. Have I got that correctly or I’ve missed something? I would value your opinion on how the company is likely to be revalued given the circa 10% share issue and I presume the 37m is some form of debt? Thank you

As I mentioned previously, I believe the £1.1m, was in the bag before TB and NB appeared. Here is a relevant extract from the 13th Dec RNS “The funds will also assist Geocurve to invest in the latest scanning technology developments. This will be done in response to an EXPECTED additional service contract on flood defence work on the Thames. The equipment required can be fully utilised in other industries and can create significant growth opportunities for Geocurve allowing the Company access to much higher value, long term contracts with established customers.” So the expensive equipment we just purchased, opens up prospects of other higher value contracts. More contracts definitely along the way I d say, but patience required. That RNS had some other comments about where growth might come from. Interesting 2018 for sure. Imho. DYOR.

I was just revisiting the foot notes of the last geocurve contract RNS. “As of 18 December 2017, CH2M has been acquired by Jacobs creating $15 billion professional services leader providing consultation, design and construction services.” The size, geographic presence and range of services of the combined company is staggering. TB would not have mentioned this, unless it’s a hint of our intentions to forge deeper ties with them. “...initial contract of £1.1m....” makes sense in this context. It would open up lots of markets and sectors. No harm in dreaming. Just speculation on my part at this point. DYOR. Good luck all

Callit: very interesting. Never been to any of these shows. Hopefully news soon on new board members. Wiltshireman: thank you for the links. Impressive looking co isn’t it?

Stay in it, to win it. My motto :-) good luck all

Try aero for dog share historically. I started buying at .2p, saw it touch .035p, on placing. Now things looking up so my belief is patience is rewarded. Misery loves company, so if everything tanks, we can always arrange a biggest losers meet up lol :-) it’s only money

Callit: I was actually thinking the contrary? Low poo creates greater pressure for efficiencies in costs, and UAV gives huge savings compared to traditional surveying. There’s plenty more news coming anyways. Imho. Good luck all

Wiltshireman: I was reading on UAV led inspections of offshore rigs etc, in oil gas industry. Looks like they have been around since atleast 2012. I plead ignorance on the technicalities. Geocurve tweeted they are due to acquire new Leica equipment, which provides the 3d mapping. Presumably this will contribute to the new contract work, which is stated as “starting this quarter”. The other statement I like in that RNS: “The contract INITIALLY provides a fixed revenue of 1.1m over three years, with work beginning within the current quarter.” That suggests they may get other work along the way? Just my two pence. I noticed that LSE marked up aero on the weekend. Mistake or hint? Lol DYOR. Good luck all

From the RNS: �This reflects Geocurve's continuing TRANSITION to becoming an industry leader as a specialist technology-based UK provider of data rich surveying services including multi-sensors and data analytics to create 3D mapping and Virtual Reality (VR) imaging.� From Geocurve website: �With our extensive experience in flood defence surveying in conjunction with a history of topographic and survey inspection, Geocurve remain market leaders in the use of UAV technology for this purpose.� Should become more interesting if contracts start flying in (pun unintended) IMHO. DYOR. Have a good weekend.

Bythesea: mm raises price, taking the **** here, must have read ur msg lol

S4K: let’s keep it real. .1 first :-))