Member Info for Moneymaker2015

I don’t think I’ll be selling either way. Worst case scenario, our offer isn’t accepted, it takes 12 months to get someone on board and we have to do a placing to cover costs for the next 12 months. It would still be worth an absolute fortune if gold prices stay up, as they’re expected too.

I thought that when I first read it the other day, but what that sentence is trying to say is that production will be at 100,000oz per annum by 2025 and that BMV are also looking to acquire the other 50% stake. It isn’t worded in the best manner.

Don’t get me wrong, BMV may look to do something similar, I.e. pay-off SAU from future gold production. That would be by far the best option and mean less dilution. Just depends how soon they want the money.

Haha, yeh there was supposed to be a dot before that. It would’ve been a higher than 12% too at 33p!

Sp is 33p now, nearly 12% already.

Thanks Sam, it made my mind up. Took some profit from UFO and grabbed just under 2m here.

I’ve been looking at having a small punt in here for a while, now I’m thinking I’ll bite the bullet.

Only thing I’m wondering is whether or not source of the funding has been mentioned anywhere for the CS project?

I’m aware of the capital costs required but haven’t seen anywhere of how they intend to raise the funds, i.e. are they looking at a debt facility or would they potentially be looking at a placing to cover the majority of the capital?

It may not have been announced yet but just incase it has I was wondering if anyone can shed any light on the situation?

The thing is, it’s not that any of Fortunes interviews are bad or the company isn’t performing. It’s just that people want to make a few quid quickly without having to do any leg work. There’s so many people out there that don’t do anywhere near enough research. They see someone that is making a living from dealing shares and then hang off everything that’s said. There will have definitely been a few that jumped in here today with absolutely no research, then they’ll be quite a few that have jumped ship again already just because they’ve made a few quid and now they’re seeing the sp going down again.

Don’t get me wrong, if people are making money like that then fair play to them. Bit too risky for me though. I’m much happier doing plenty of research and then leaving my money sat there for as long as it takes to hit my target.

Looks like there’s considerably more buying today than sells. Hopefully it’s not going to be followed by a mass sell-out tomorrow!

Either way, it’s nice just to see us past 12p for a change.

I don’t know but someone’s got a lot of faith to be throwing that kind of cash in here

First time I’ve looked in here over the weekend and first thing I read is £10.30 per share. When people are coming up with these sort of share price numbers are they even considering what that equates to as a sale price. £10.30 per share is in the region of $37 billion...

Considering our mcap is £600m, that’s a hefty uplift!

Not going to lie, it really doesn’t fill me with confidence that the reason why he’s increasing his share holding lately is because he doesn’t feel like the BoD are doing a very good job. Usually when a holder with a similar majority tops-up it’s because they think the company is on the cusp of something big...

Is going to be interesting to see how Mr Gunn reacts to this.

The CEO is crap I’ll definitely agree with that. The company Im indifferent about. It has a lot of potential and in comparison to some doesn’t have a monumental number of share in issue. If we can get everything up and running within 5 years and not require more than 5 billion share, then there is still a lot of money to be made.

One thing I’ll say is that anyone trading this share must be making a killing. I’ve never been anywhere that yo-go’s so much with the share price x

Goodflyingduck, literally what the hell are you talking about..? You genuinely aren’t reading any of my posts before commenting are you.

I just said on this post it’s likely we’ll get the flanks licence next month.

I posted earlier saying we likely initiated FSP so we can get offers in as soon as the flanks licence is received, so there is not any waiting around after it is received.

If you actually bothered reading my comments before jumping to conclusions, you would even see one of my comments earlier even said:

‘ I’m more curious as to whether or not we’ve had any offers in already. The BoD May be sat there right now knowing they’re going to get a very minimum of 50p per share etc’

On the duration, I even replied to Mac earlier saying his 12 week period ties-in with my 6 weeks assumption for the licence news. Just because I’ve said likely Sept and worst case scenario November about the flanks licence (which is backed by logic based on all our other applications), don’t spit your dummy out at me because it may not fit in with your dreams.

Ethio,

This is what I posted last week with the previous licence applications and dates:

Wk Licence submitted - 22 Oct 2014

WK Licence received - 06 Oct 2015 (12 months)

MT Licence Submitted - 05 Dec 2017

MT Licence received - 20 Nov 2018 (12 months)

WK Flanks Submitted - Feb 2018

WK Flanks received - 17 Dec 2018 (10 months)

WK Tipil Submitted - 17 June 2019

WK Tipil received - Assumed 06 August 2019 (14 months)

MT Flanks Submitted - 26 Sept 2019

MT Flanks received (likely date) - Sept:Nov

As I say, likely 12 months, so end of Sept. Possibly going to Nov if it takes the same duration as Tipil did. Like I said though, every licence is different but due to the size of MT flanks, I’d assume it’s not going to be the one that goes through fastest.

Ethio,

The Tipil RNS was 3 months before the MT flanks.

I posted on here last week the likely time it will drop, based upon every licence application we’ve announced. The flanks confirmation will likely be in about 6 weeks, unless it takes a similar amount of time to the Tipil licence, then it will be pushed back to November.

Obviously every application is different but the average appears to be 12 months.

Just read Sam’s comment, made me laugh. I’ve been in EUA for a long time and have a little punt here from last summer too.

He may have made a little profit on EUA because in Oct the sp was 0.5p and by Nov it was 2-3p. I’m surprised he’s lost money here though, we were less than 0.1p all of Nov bar one day, so should have made money or likely broken even with yesterday’s share price if anything (unless he naively bought at the very top of the pump and dump without researching the company).

He must be really kicking himself though, selling a big chunk in EUA back in Nov and putting it here. EUA is currently over 20p (which all long term holders knew it would gradually go up to), so rather than 10 bagging there he’s lost money here.

I think his comment says more about his investing abilities than anything else.

I don’t know if I’d call a TR-1 from a private investor a ‘good and important RNS’ lol. Looks like he’s invested in a lot of clean energy tech companies. Not a bad person to have nudging up their holding though, he might be able to tell mr Gunn where he’s going wrong.

Nearly every day I’ve looked KIBO seems to be in either the top risers / too fallers list. Seems to be a random rise off the back of nothing, followed by a drop the next day. Worst be is every time we go over .30p I stupidly think ‘that’s it, no more of the 20’s now!’ the the next day reality seems to kick in.

True Lib, there’s definitely a lot of future potential here.

I was only looking to see if the Q2 results were in yet as I’m looking to take a chunk of profits from EUA and put some more in here next month. I only looked through the financials randomly but had never compared the interim and full year when the full year had come out. Baffled me seeing the Operational Profit had reduced and it not being attributable to Vanchem. Had me second guessing myself whether or not to top-up.

I agree the Eskom tenders should make a huge difference later down the line. There’s going to be some big money on the table there.

Thanks Lib,

I still struggling to make sense of the figures. I’d presumed it was down to Vanchem as £30m was paid in cash, but the cash in H1 was $66m and full year it was $33m, suggesting it was cash reserves used in the sale, meaning the only alteration is in the current and non-current assets, so shouldn’t have anything to do with the operating costs. Plus purchase is shown as a gain further down the statement so surely wouldn’t be shown as a profit and a loss?

To me it genuinely appears to as though we made a loss in Q2, which is why there’s such a big deficit from H2 to full year. The positive is now that we actually have Vanchem, presumably that will bring some decent profits in.