Member Info for maestro1

Allthatglitters

so Centerra gold a company worth $1.6bn farmed in with a bunch of jokers?

I see you are on twitter wanting to get in this at under 7p, why if its rubbish?

The charts are primed for a rise.

imho

So the aim is to get back into profitability in 2019.

Will that be possible with the reduced margins? They will have to raise more cash eventually, likely £10m.

imho

Really cant get my head around how the market has valued this company at tiny 2.6m. Eris farmed out the gold project in return Centerra Gold would pay $1m in capital to explore and receive a 51% interest. If they wish to take further 19% then they will have to pay eris further $2m.

Centerra Gold is valued over $1.6 billion should they find commercial gold resource i dont think they will have any issue to put this into production.

Eris have 2.6m euros in the bank equivalent to £2.2m, they also own 100% license for zinc/copper/silver project in Ireland, recently had some successful drillholes. Currently drilling from old mine to link the new find.

So in conclusion, the mkt has valued eris at £400k (if you take away the cash), with a farmed out gold license and 100% owned zinc license. Can wait for this to rerate.

yes

DrMac

Are you affiliated with the company?

Do you know when they will build the mill?

how are AEG gonna fund the pellet mill? 1.4m can not take you far.

we were all giving Buck a hard time for him to raise on two placings prior to any drilling, now we think the guy is a genius.

Matd WILL produce i have no doubt about it!

Low float, cash strong position, mkt cap ONLY 2.5m

The right set of news can quickly push this back to ipo price (25p), very experienced and competent board.

One to watch before Christmas imho

News imminent!!!

SBB1

is that £'s or $'s, cash in bank?

SuperR

Cheap entry point, how much cheaper do you think this will go?

You mention MATD, they have funding and those wells in block XX are like appraisal wells with high COS, not invested in matd at moment.

If Rose will get farm in i will be happy but if they raise at this level i would be dissapointed as quite clear they could have raised at 4p.

Tonna

They did have funds they raised over £1m and already had cash in bank.

Lets see

Woody

Idien tricked us, he never had any intention to drill this year. A few aim companies have used rig issue but with rose using it its laughable.

They dont have the funds let alone telling us no rigs till end of q1.

Im very disappointed with Idien, i have a right..

Ismail

What will you count as a small raise? They need $8m, let say they raise £2m thats still 100% increase in share capital and then they will also lose majority share of asset.

It begs the question why not raise whole amount in early 2018, the excuse was we do not want to dilute shareholders.

Well you going to dilute shareholders and receive lesser of the pie. They hired cantor for reason..

Rose in trouble. Imho

So you think the company is safe?

Its obvious now they will have to try to get back to profitability.

what if they prove the figures were misrepresented, will there be fraud charges and massive litigations from II's who invested?

hypothetical question...

SuperR

no one is going to lend rose cash, Idien should have kept his mouth shut when he said, "we do not want to dilute shareholders". It looks like a placing and massive one.

Maybe Idien can take his wages in shares this year? He wont i bet as a placing coming he doesnt want to dilute himself.

They never had the intention to drill this year, they fooled me and many others. Someone on the board needs to pay and resign.

what news are you waiting for, its the winter season no more news till mid 2019, time for matd to go into hibernation.

well they need the Hawke's Bay Plant to make the pellets from all that leftover wood they will get, they raised £1m but where is the money coming from, who is going to give it to them?

I have been following this company since ipo, i bailed awhile ago with c.20% loss, i have a question if anyone can ask at the gm, why has the company not had a single well success since ipo, £20m pounds have been spent. Its ridiculous..

How much did it cost to move tlp103 when it slipped?

Glad i sold and put it in eris and kp2.

At the IPO eris stated they were looking for a resource of over 8Mt ~ 12%, since then they have intersected some decent minerals in multiple holes, they even found copper.

The BOD still believe there is further potential beyond 400m from the old mine, who knows they may drill those targets in 2019.

But current mkt cap of 2.8m when they have 2m in bank and gold exploration in Sweden fully funded by our large JV partner centerra gold its ridiculous.

ONE TO WATCH!