Member Info for Moneymaker2015

I won’t knock GGP as its currently on a nice margin for me, but it’s current mcap is already very high circa £450m, considering it’s position in the mining cycle and it is giving up 70% of Havieron away. You may be right, it could get up to 30p but that would be well over-valued. Like I said though, BMN is my preferred choice and I would happily sell my shares in GGP and put them here, but wouldn’t do it the other way around.

Being a holder of GGP since below 2p, I even admit myself that it’s well overhyped the last couple months. I had a long term target of 10p for in a couple of years time, which has somehow been smashed already off the back of very little. I cant really compare GGP and BMN as they’re very different, but out of the two BMN is definitely my preferred choice as they’re already a profitable company and they’re expanding considerably, which I see as very low risk in comparison. Plus, Bushvelds mcap is fairly low when you compare it to annual profits and asset value.

You couldn’t make-up how sh*t LC deals are. The JORC has 500k oz Au with only 50% of the area covered (plenty itself to warrant obtaining funding and going into production). If we assume the remaining area has a similar resource we could have potentially been looking at 1M oz Au. That $1 Billion AFTER costs based on todays gold prices! LC sold this for $1M... and not even for cash upfront!

I only bought into KAT originally because of Imweru. Blyvoor is just insignificant in comparison to what other companies have. They’re aiming to achieve 35k oz per annum of which KAT will only get 50%. In comparison, BMV whom I’m also a holder, are in a very similar position funding wise and expect theirs to be received next month but only require $5M to get 2 mines running, lower mining costs, similar low number of issued shares, yet are aiming for 100k oz per annum within 5 years. This is just one comparison but shows the insignificance of Blyvoor, no matter how much LC puts a spin on it and says “Once in a Lifetime”. After what he’s done at KIBO, only reason I’m still here is because funding should be confirmed with a month and with these ‘14’ interests and low funding requirement, even LC should be able to get one of the finalised.

It works the same both ways. I’ve sold-out of many shares because they haven’t been moving, then shortly after they’ve took off, leaving you thinking ‘what have I done!’. Provided you’ve done research and no disasters are expected, it’s always better to sit tight from my experience and just ride things out.

The best piece of advice I can give you, having learnt the hard way early on is to hold on and don’t sell because something has gone into the red. Shares don’t stay blue everyday I'm afraid.

No matter how new you are, make sure you do your own research. CINE prime example, it dropped purely because of Covid-19 and Cinemas being forced to close. Yes, it has likely had financial repercussions, but nothing has been produced yet, so once Cinemas open next month there is currently no known reason why the share price won’t gradually head back towards 200p. So even if you have bought in at 100p you’re still likely to double your money if you hold on tight. It’s just a bumpy road of ups and down until you get there.

Unfortunately, investing is reactive. The only thing you can do is set yourself a realistic target price and adjust it when news comes in. For instance, if you’re 25% down now, just ignore the current share price, unless CINE were to bring out disastrous news, then you would have to readjust your target price accordingly.

It purely depends on how the JV is structured. I’ve got holdings in both AAU and BMV that are parts of a JV. AAU’s JV is actually in the process of bringing in another partner to create a separate JV so they can expand at a faster rate.

It could be done so a new partner buys-in to the project, so they pay us a specific sum upfront for a percentage in future revenues or so they hit milestones, eg for every million pound they spend on a project they receive a specific percentage in return.

JV’s don’t often make money unless a project is already at a profit producing stage. They do however, provide a means of getting projects off the ground at low cost. Some argue that they’re good because they’re non-dilutive but on the flip side you’re giving up future potential returns.

It’s going the complete opposite way at the minute. Good opening so far. If it can ride out the day without too much of a drop it puts us in good stead for Monday morning.

It’s not about patterns, it’s purely a matter of people holding out for the financing news at the end of the month or shortly after. If non-dilutive financing is secured it will jump significantly. If they are unable to secure financing it will drop. It’s only hovering around the current level because people don’t want to get caught out by not being in if good news were to suddenly drop.

It’s crazy that it dropped so far in one day from some comments mainly surrounding the US. The mass trading in the last couple of hours appears to have set a new base around 74p. Judging from activity the last couple of months it’s likely we’ll bounce back up above 80p either tomorrow or Monday.

6 months ago the Cineplex deal almost seemed too good to be true, now it’s looking like the straw that broke the camels back! It would be interesting to see how CINE are doing financially at this moment in time.

I’d like to have another top-up myself but funds are tied-up elsewhere. Personally I see BMV as a low risk/reward investment. The finance is obviously a risk but for me this doesn’t pose too much of an issue. We’re only looking to obtain $5m, which compared to other mining companies is next to nothing. Worst case scenario, if it did fall through and we had to do a raise for that value we’d still have a low number of issued shares. For me, it’s all about the long term with BMV. When the JV gets to its goal of 100k oz per annum, provided gold prices don’t plummet, the potential dividend return is higher than today’s current share price.

Obviously dyor

Hey, you never know in 2 weeks there’s a chance we’ll be getting news of the JV being due to receive $50m.

I’m wondering when we’re likely to get the 2019 financials as I’m anticipating some good news on that front too.

It’s because of the way he’s ran KIBO. The company was on the cusp of getting their first project up and running, which was nudged back by Covid-19. Getting this off the ground would have been transformational for the current share price. Instead, whilst the price is still at rock bottom he’s chosen to both consolidate the shares on a 10-1 basis and also pay deferred salaries in shares. Effectively he gifted the BoD from having minimal holdings to having half the company, whilst decimating any share holder value in the process.

I’ve been in KAT since sub-1p but after what LC has done with KIBO I keep my finger hovering over the sell button as LC has had a habit of firing bad news out of the blue when everybody least expects it.

I was a bit surprised that the JV is in discussions with lenders on this. As you say, the cap ex is likely to be minimal so I thought they would have funded it from current operations.

I’d like to think all resolutions will be passed at the AGM as it means we have the opportunity to finally commence mining, otherwise we’d end up back where we started.

Once again another great update from AAU. That’s about $278 Million after costs (excluding paying back any cap ex) based on Au prices of $1700.

Is mind boggling that our Mcap is still only $40M considering how well the company is being run and all the resources is has. Should definitely be pushing the $100M mark.

I wouldn’t be surprised at a 5 bagger. It’s jumped 50% in the last couple of weeks off the back of nothing. The majority of my holdings have tended to be in mining juniors and every single one so far (with the exception of EUA) has had a relatively good jump as soon as production has commenced.

Confirmation of the resources (provided its positive) will likely have a positive effect on the sp too.

This morning however, near £50k has been sold in just 3 trades. Looks like someone wants out fairly quickly.

We’d have to go back on the market first to enable them to get a 51% holding as the BOD’s holding isn’t substantial enough to arrange it behind closed doors. I personally doubt it would be the Russian Govt behind the current M&A going on, but if it was they would likely request that the shares go back on the market with no news, so there would be a mass exodus and they could sweep up 51% at a low price.

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