Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Considering Togo government itself has formed a new company to exploit manganese, can we see any sense of urgency from Togo government to approach Keras Resources to give thumbs up and ask them (directors) to move on with mining without any delay. I hope it is not just another stunt that will continue keeping us on expectation only.
Seems to be back in Togo town again. This time as an Advisor for Togo Ministry of Energy and Mines. His leaving from Keras Resources was abrupt with no further explanation from our former CEO Russell Lamming. Is it something that our current CEO should take into serious consideration to start communicating with him again and resolve any disputes that might have occurred for him to leave from Keras Resources?
https://www.togofirst.com/en/mining/1412-11119-togo-joins-intergovernmental-forum-on-mining-igf
Although, the link news article shows it to be of yesterday but googling out shows this IGF meeting on Mining, Minerals, Metals and Sustainable Development was from last November. Can we start to anticipate something coming from Togo soon with regards to granting license to Keras Resources?
The world's phosphorous supplies which takes millions of years to form are depleting, with reserves of phosphate rock concentrated in a handful of countries. Unlike nitrogen, phosphorous is finite: it cannot be replaced, substituted or manufactured. As earth's population grows, we will need more phosphorus to produce food at a time when its becoming more scare and much more expensive.
https://www.togofirst.com/fr/mines/2507-10380-les-togolais-percoivent-des-effets-benefiques-des-exploitations-minieres-mais-veulent-plus-de-reglementation-afrobarometre
Can we expect to see something happening in the mining sector in Togo although Faure looks to be the sole decision maker for granting permit?
Why don't they honestly say they have nothing new updates to put on presentation instead of saying Graham Stacey did not get visas. He did not get visas to travel UK at first place. Again for second time. How can we believe that he will get on third, fourth try or ever?
I am sure UK embassy in his country of residence are not closed or not accepting any applicants or not granting visas to any applicants isn't?.
I know he is appointed as CEO now. But seeing the circumstances of him being unable to get visas second time, can he not deliver the presentation online? Wish our writing to Annabel requesting for online presentation can be heard.
I believe it would be better if Graham Stacey can take an advantage (Togo becoming the members of The Commonwealth and UK appointment of new Togo ambassador Harriet Clare Thomspon) by renewing the engagement with Togo ministry of mines OR could write for help to Harriet Clare Thomson and representative of The Commonwealth.
If they could raise this issues after writing to them, this might has the possibility of gaining Faure attention, hopefully for him to fast-track the permit?
Having said that Graham did not get a visa to travel UK on time, just for that presentation (where at the end he will be stationed in US) in the world of online video chat could save some money for the company from getting wasted in this everything inflated period instead of postponing it.
I believe if the presentation is ready, they could at-least release it (rather than waiting till the presentation day) for us to digest and come up with relevant questions to ask in the meeting. If there is an update of progress or regress by the presentation time, they could do an amendment isn't it?
Our neighbour news: Recent acquisition of Diamond Mountain Phosphate Project of Revival Gold Inc by Xplore Resources Corp, I guess near to our Diamond Creek where CEO of Xplore believes that "Diamond Mountain is a high-grade phosphate opportunity located in Utah, USA, ranked as the eleventh best mining jurisdiction in the world by the Fraser Institute. With an existing, high-grade phosphate resource, exploration upside, existing infrastructure, and low permitting, environmental and social risks, management believes that Diamond Mountain offers a compelling value acquisition. Strong phosphate market fundamentals from agriculture and lithium iron phosphate (LFP) battery production offer both short and long-term phosphate demand growth........."
Can we guess that Desmond Balakrishnan, the only directors name that can be found while googling AxCap must have some ideas for Keras Resources on how effectively to approach Faure for Togo mine considering he is from the law background with participation in many deals in the past. Also, for Diamond Creek mine.
When they (Teichmann and Binvic) clearly knows that another placing is coming and the share price will plummet down to 35p. It is obvious for them to not take action on CLN and even the share price did not remain above 60p for longer to take action. If shortage of supply has not supported its current share price, it may have gone down further to 20's p.
Those useless (directors) had every advantageous momentum on their side to minimize dilution if they had reported Q1 production result before conducting share placing. That Q1 rns would had further boosted the share price and we could have easily see the share price rising above 80p where even they doing a placing at around 60p to 70p, market would have supported it. They **** it up and has been doing for long time.
Buying 2nd hand machinery equipment from his (Mike Houston) former company instead of doing fair tender.
Slowly the company was making good progress in the past months. But we (shareholders) all caught off guard as we become deluded that Mike Houston and his companion will no longer do placing as great numbers of revenue are getting generated to self-sustain the company. In reality, cons will no doubt take money out from you no matter how hard you try to avoid it.
This is the game well played under the guidance of David Facey, BRD finance director. When Adam Waugh was CEO, there was continuous placing. That placing did not stop when Mike Houston become Chairman replacing Adam Waugh. Mike Houston took advantage of utter useless lazy David Facey and conducted his monopolistic role doing favour to his nearest and dearest- providing contract to Teichmann and allowing them to pay share subscription on installments but paying their fees on due time. Buying machinery e
There is definite reason to doubt that Q1 sales revenue is not good. Otherwise, there was no point for raising above $2.1m. And the company claiming that its Jan and Feb average sales was $600 per carat and March for $1000 per carat entirely depends upon how many carats they sold for each of that months.
It was really surprising that looters directors decided not to allow Teichmann to participate on share placing this time. Utter nonsense- because they want to pay them full amount of $1m for their contract and also to accommodate the impact of two operation shutdowns experienced in Q4 2021 i.e. also creating loss to the shareholders.
Mike Houston is a arssee licker of Teichmann and useless David Facey doing the same to Mike Houston for retaining his job as Finance Director. Now, comes the Meiring Burger to show us, shareholders the middle finger replacing poor Gus Simbanegavi. I can imagine what must have gone through Gus Simbanegavi when you are just the CEO by position with no power at all. All of them are bloody leech.
The share price will definitely go lower and lower from here if that Q1 Production report shows poor performance and no doubt it should be that considering $2.1m fund raising.
Bluerock Diamond has production guidance of 40,000 to 43,000 carats for year 2022.
On this buoyant diamond market after this lockdown, BRD receiving average $500 per carats sold for whole 2022 would be very welcoming milestone achievements. With the recent tender receiving $565 and $638 for January and February respectively (depends on how many carats was sold, although we know 2200 carats for January), it cannot be overruled that BRD will continue receiving more than $500 per carats in the upcoming tenders.
In addition, there are probability of BRD continuing to receive more high value and possibly bigger diamonds (above 50 carats) in the coming days. I kind of feel that they might have already got some diamonds exceeding or in an around $50,000. It's just that they may be waiting for exceptional diamonds.
At this moment, my views is BRD should get rid of David Facey, our Finance Director. As for him, working for BRD has been a free ride. At-least we can save some money or employed someone who is worth the salary to be paid as Finance Director.
At-least there was no big spread in buying and selling yesterday. BRD is gaining some traction to the market participants and hopefully will be of more interest to buyers from this Friday onward if the selling price of 11.95 carats stone is impressive along with total revenue generation from February tender.
Can BRD unearthed high value big carats and colourful diamonds in that Kareevlei mine? Possible I guess in South Africa but yet to see in Kareevlei mine.
Couple of good buys above £10k yesterday but would be more exciting if it was from our directors and more in the coming days to boost confidence in the market. Let's do it Meiring Burger, Mike Houston and David Facey.
Expecting Bluerock to sell more than 2200 carats of diamond this Friday than they did last January and could well be generating another above $1m from February tender.
We may find out this Friday as Mike Houston could possibly give us hint on the total carat sold with average price when informing us about the amount received from the sell of 11.95 carat diamond.
Happy to sit tight and see the share price rise to 100p as the revenue for Bluerock materialize.
Will Mike Houston release the average sales figure per carat sold on this February like he did in January? It would be great if there are some stones above $50k and the price holds around $550 per carat for the February tender too.
Finding of large stone like August 58.6 carats esp. in this buoyant period would be very welcoming news.
BRD in the mission to achieve $16m to $17m target. Yes, we can do it?
BRD to achieve January month revenue around $1.24m from the sale of 2200 carats at $565 per carat is outstandingly impressive because for the 2021 Q1 sales was just around $1.78m.
If the private sell was not made on last December, BRD could have made another $260k more on top of that $545k when selling at $565 per carat. If they were really desperate for cash, they could have instead left those diamonds to Delgatto at 15% per annum interest and returned that money with one month interest to pay after receiving money from the sale. Thank you to our chairman Mike Houston and finance director David Facey for the loss of opportunity income of around $260k.
Even if the export license would have been granted to BRD to sell at Antwerp, Antwerp demands at least minimum of 5000 carats per parcel to sell at their platform. That is what it was written in one of the previous rns I guess. So it is of no use for BRD when they are hand to mouth situation.