Member Info for Lucky520

If Bushranger gets sold for $500m that's 42p a share.
Even if its sold for half that, we still get 21p a share.
I think bushranger has to worth at least $250m?

I'm not worried about that scenario as if BR and Ascot were not viable, they would be putting more than a couple of holes into footrot.

What PR has he done? Serious question, does anyone know?

Having now had the latest news, I am much happier!
Sounds like we will possibly be wrapping things up in the next few months, which also brings me back to the frustrating comment regarding further aquasitions!!!! Is this a hint that Bushranger will likely be sold soon and we will need another project?

Havnt been able to get a quote to sell many shares at all the last couple of days. Like I said, I have have to soon.

What I didn't like about the yearly report is we are looking at a few more copper plays! How will we fund these as well as bushranger? If we keep spending our profits on aquasitions and exploration, when will we get our reward? Its not in the SP rise because when you try and sell a few shares the SP drops. Being a long term holder with quite a few, it looks nice in your account untill you try selling them, which is very difficult in quantity. Basically, it's bushranger successfully being sold with a special dividend or we sit here for years on end watching Colin spend our money on exploring the world while he gets paid and including bonuses and first class travel around the world.
So we need a dividend, which won't happen unless it's from the sale of bushranger.

He's gone!

I thought the same CB, havnt heard anything for some time now.

Basically to conclude for all new and existing people reading this board.......none of us has a fu@#ing clue what is going on :) happy investing!

Update!! Might not be my last day in paris, easyjet just cancelled our flight home.

Had a go at selling a few this morning but had absolutely no chance, Could only quote to sell 10k shares. Not worth trying to sell when you hold a lot.
Managed to stay away all day whilst enjoying the last day of my paris holiday.

So I've popped back in this evening, with a nicotine patch on to see the damage!!! ..... not surprising at all.

Like always, things are left to interpretation. One example is the comment 'where bushranger sits on the global market' this could be interpreted as AA arnt showing much intrest, we are putting the for sale board up on the global market. Possibly the optimist could argue its so big they arnt just comparing it to where it compares on the Australian market but bushranger will be high up on the global market!!

It turns out that kelengwa cost us 360k!! I don't buy the excuses at all!! Xtract had many months to do all the due diligence before committing. I know it's not huge amounts but I believe it was bought for shares in xtract, therefore I'm sure they made a lot more than the 200k or so that we gave them.
Any conspiracy theorists? Wasn't the owner of kelengwa some murdering gangster? Did Colin owe a debt? Is the owner of kelengwa into horse racing?
Lol I'll leave that one there, maybe I've watched too many films.

I keep hearing in my head Colin say 'we don't want to give away a cadia' that's all that's keeping me hanging on.....aswell as not being able to sell any shares haha.
GLA I think we are in for a longer ride than expected.

Thanks howzap, maybe I should try understand the terminology of the words being used first. (In mining terms)

For the investors here trying to understand the scepticism, frustration and anger on my part...... go and read all the positive RNS comments surrounding the kelengwa accusation.

Signing off!

One last post and I'll turn off!

MINE HOUND, the reason there is no need for more funds is the fact we already raised millions at the cost of dilution to the existing shareholders. Now..... if you take out bushranger and the dilution, the SP should have been somewhere in the region of 9/10p once fairbride is in full production.

Tdouble, thank you. I will step away for today. I will have to check the SP reaction tomorrow.

I am quiting smoking at the moment too lol that's probably not helping.

Okay..... maybe it wasn't CB who did the Due diligence. We can ask at the annual meeting who did and are they still employed!

Well comparing our success rates has nothing to do with it but he has over 50 years on me, so he should have a lot more than me. If you want to compare my success rate his then can you kindly ask him how much he was worth in his early thirties.

Actually howzap, we have been lead to believe ascot is a porphyry. Now I read..... we need much more drilling to discover the TRUE! porphyry that MIGHT! Be underneath!!!!

This statement says to me that they do not know what they have and its going to take a substantial amount of funds to prove it up.

I'm actually having a nice day, I'm on holiday in paris.
Just relaxing with a cold beer. Inside though as the weather isn't nice today. Was lovely yesterday though.

Lol 200k is pocket money?
Surly wasting 200k and then finding out you can't get power to the mine is somewhat of an oversight isn't it?
Is this the person you want in charge?
It's not the money, it's how easily it was thrown away!!!

Shall we talk about due diligence!!!! Did Colin and the team not think about where to put the extension lead before spending 200k of our money on kelengwa?
Would power not be the first thing you check?