Member Info for Lucky520

Yes, I think manica has lots of gold, but we have 2 to 3.5 years of production (currently). He said by March we will build a sulphide mine (Colins timescale) can't remember how much for but it's in the millions.

I don't see any revenue from manica ever getting to shareholders. It may pay for some drilling in Africa and more at manica, but I see no point in holding these shares until we get another good drill hit elsewhere that spikes the SP.

The new study at BR, I don't expect to be mind blowing and cause much SP reaction.

Any new acquisition will definitely cause a drop in SP.

I thought maybe a great manica revenue quarter might cause a good spike, but even Colin dismissed a good rise in SP from manica revenue.

He then said we may have a drop on a bad quarter.

There is literally no positive news, other than, we won't need to raise to keep the lights on.

I'll check later. I think he said zambia as it's a better jurisdiction than Mozambique, but I may be getting confused with another conversation.

They are both definitely in Africa, he didn't mention another continent.

It come from Colins mouth.

"We have no Blue Sky"

"Bushranger, disappointing for everyone "

"Hopefully get our money back for BR, and a little more"

"Two new company making projects We are looking at"

Even if we get 10-30 million for in 2 years, will that be given to shareholders as a dividend?....no a chance!!

Manica revenue....6 million dollars=4.67 million pounds. Lets say 4 million after exspenses(optimistic).

32%tax= 2.72M Left

2.72 x 3.5 = £9.45M

Non of which shareholder will see, it will all go on the next treasure hunt.

Go team Colin, managed to get away with it for another year!

We were all at the same meeting, people here what they want to here. I wanted 10p plus, I know I'm not getting it. Fool me once.

Good luck the rest of you, but I'm not believing the BS anymore.

Don't worry there's some more projects in Africa to drill over the next 3 years.

Ignore that, just re-read. Your opion is 100m-200m.

I hope so, but I won't be holding all my shares in the wait for that.

Sorry Bob, come back to ask....where Colin said 100m to 200m sale price. This wasn't discussed.

Private chat I assume?

My final conclusion from today, as I'm about to relax for the weekend.

BR, disappointing, but not dead. Its going to need a higher copper price. The new study will come back mid to end sep....(Colins timeline). I think it will be profitable at 4-4.5$LB. Who knows when it will be sold, but I got the impression, Colin was mentioning 24/25 for this copper rise, for that purpose. (I'll go back and check another day).

I'm not expecting a big sale price for BR. Maybe a few pence at most. Let's wait to see the NPV.

Manica will produce between $450k to $800k a month. A few different numbers were thrown around lol. Doesn't mater, non we end up in shareholders pockets. It's going on future pie in the sky, and the boards pockets.

He's looking at two multi bagger projects in Africa, that could be company makers.....they will likely raise for these.

So, I'll buy back in once the new projects been bought and the share price drops to the placing price. Hopefully we will drill, hit massive mineralization and this time I will sell the lot.....before the assays come back.

Learn from your mistakes!!

Ohh yeah, and Colin brought up the rains at manica lol there coming soon lmao 🤣

It's not sanity, it's the hope your looking to cling onto. I'm not going to continue to share my opinion as you all won't like it. I have the whole meeting recorded, so a can go back and clarify anything that is being mis heard or sprouted.

I won't/can't share it, but it's legal to record for personal use.

No, new drilling in Africa. If we buy a new project. Colin sounded excited, so I assume he's already had a look at it. I think he'll try pumping the price first.

No, don't get the impression of more drilling at BR.

There's no value here for shareholders other than another gamble on another drilling prospect.

BR might be worth something one day, but not today, or next few months.

I didn't say there was going to be a placement for running costs, I said there definitely going g to be a placing and it will be for the next drilling prospect. Its all on record!!

That's your problem, stop taking the lines of coke and you might read it clearer!!

I think it was a south African accent. Said we nearly have 4 years but like to say 2 years.

I think it's a precaution incase the ore body gets depleted quicker or something else. It is mining, anything can happen.

He called it disappointing for everyone!

He won't say its dead at all but I got the impression he's starting to try and lower our expectations and get ready for the new big project in Africa that will 10 bag the company.

Not insensitive, its an observation.

You should probably lay off the drugs and alcohol.

Mid to end September for new study, if you believe that. He was asking about the decision to mine clause and is basically saying its not certain, you'll end up in court, but don't worry the AA guys are nice chaps and we can come to a deal!!

Really colin? It's business, no friends.

He said they might take a payment or royalty, but what major or mid tier, would buy it with AA having a royalty??

I'm not saying it's dead, I just don't think it will be anytime soon and sold for anywhere near the amount people think.

I'm glad I went, you can read the board like a book. Joel's hand was shaking like a leaf on his vote, don't know why, they new he wasn't being voted out.

I could tell by his face, he's going to raise again.

He said I'm looking at two big projects in Africa, they could be company makers, talking 10 bags....blah,blah,blah. I got the same feeling about BR, that I got with Kelengwa.

I look at the board and think, what a shady bunch of characters. Have absolutely no trust at all!!