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Shame this, it’s likely to now be a fair wait until we get the next lot of good news now. I was hoping we’d get incremental good news over the next few months but now I can’t see us hearing much until the start of July.

It’s a good potential but I’d be wary at buying at these levels. Even only holding 41% of the asset they’re likely to still require a placing at some point next year as the initial drill programme isn’t scheduled until late this year. Don’t get stung by buying in too early.

Just been doing some research on our Yaki. Senior consultant at Willis Towers Watson and many years experience behind him. Nice to see him topping up, a decent amount too.

I got in at 1.2p. A little gutted though as I only bought 500k at the time as they had only just gone into production so was a bit of a gamble. In hindsight I should have doubled that amount. The 10 bagger comment was based off the 1.2p. I thought we’d be further along with Salinbas by now. However, I’m optimistic that the company will produce its maiden divi to the shareholders this year now the debt has been fully repaid, which is why I’m still thinking 12p in two years.

Maybe Yaki knows something we don’t...

Seeing as the due diligence deadline is tomorrow, who thinks we’ll get an update this month?

Oh and Van, my target price 12p. When I first got in here, I had it in mind that it would 10 bag by 2022. The sp’s actually been rising slower than I originally thought it would but considering we’re now debt free and have consistently bought out good news, I’m anticipating a jump upwards once the financials are released later this year, possibly sooner depending on the news with the new partner.

Great post Ian,

All the hype and speculation over the last 6 months has clouded over the fundamentals of this company. I’ve been here since before WK went into production and gaining the MT licence was just a mere dream. Seeing the company grow over the years has shown how good the BoD is. From realising early on that the first Contractor on-site at WK wasn’t efficient. Bringing in the new contractor and seeing the potential with our small 30% revenue, then having trouble with them the following season, so opting to get rid early on and deciding to go it alone this season with 100% revenue. Putting any potential sale news and Nomad news behind us, I think this will be a significant year at WK itself. The BoD know we can mine significantly more than previous 100kg targets and this time we can manage it ourselves, whilst also enjoying 100% of the revenue.

It’s the fundamentals of this company that have been forgotten over the last 6 months or so, or possibly that new comers in this time aren’t even aware of the fundamentals. However, out of all the mining stocks I own, EUA is one of the ones I am least concerned about.

It’s got worse here over the last couple of years now we’ve got more projects on the go. He can use the ‘making good progress’ on multiple fronts now. It wouldn’t be too bad if he updated us on what this “progress” actually is.

I’m just holding out for the small glimmer of hope in Dec’s presentation saying that all 9 revenue streams will be online within 6-48 months. If indeed there is any truth in that then there should be a gradual increase in the sp over the next 4 years. Dare I say the recent 0.20p’s are the lowest we’ll go and it’s nothing but up from here...

I’ve got a small holding in Kat too and it’s funny reading today’s RNS...

‘ The Company is pleased to confirm that good progress is being made’

‘ Katoro has and continues to be engaged with multiple parties with regards to securing the necessary financing’

Do you think LC just copies and pastes his Kibo RNS’ and then changes the names.

Don’t get me wrong I do think one day both Kibo and Kat will come good but the updates in the meantime are effectively worthless as they all say the same sh*t.

Exactly what Pommy said. I don’t know myself as I’ve never looked into it, but under the AIM rules are you even entitled to have two Nomads appointed at the same time?

Yes, as Blue has said, we only need to have one in place by 30th May. My personal view is that they’re likely to release news of the new Nomad on Friday (provided they have one appointed) and then trading to resume next week.

LC quoted last month it could be 18 months until production commences. Realistically, we’re looking at a very minimum of 30 months until any potential profit is made. In mining terms, that isn’t too long to wait.

The bids gone down. Just went to sell a small 1M and was quoted 0.25p!

Being in both Kibo and Kat for some time, the bitterness from Kibo holders is because LC has never been able to get a project up and running. I myself don’t particularly mind the guy but all bar one of Kibo’s projects are joint ventures and none have got off the ground. The first was supposed to be up and running at the end of March but Covid-19 has caused delays. Quite a few Kibo shareholders will advise you to stay away, as LC hasn’t even been able to get any of the JV’s off the ground and has consistently diluted the shares with warrants and convertible loan notes.

To the guy mentioning 10-20p, that would be very welcome as I’m in at 0.8p. However, it’s very unlikely as we’re a long way off production.

There’s a huge difference though. NN’s deposits are huge! This is a fairly small play. Plus, where would Empire get the cash from to start a mine up? You could be talking over $100M.

It’s nice play for the size of the company, but I definitely wouldn’t be looking a NN’s margins as a comparison.

I’ve been in for a while just purely on the resource potential. However, things have been very slow for quite some time and still no progress has been made. I’ve actually written these shares off but will leave them in here on the small hope that one day in a few years things may turn around.

Bloody hell, someone really wanted out!

There wouldn’t have been anything on site as AB have the EPC contract, so at very best the site would have just had some Herras fencing around it. We’ll never know the truth but I’m intrigued to know whether we would have achieved the end of Q1 or if Covid-19 has just been LC’s get out of jail free card. Worst part about it is that AB may have started again in Italy and the UK Construction industry hasn’t been stopped. However, as it will require international movement, who knows what limitations this may have.

The next couple of months are going to be LC’s biggest test on his abilities to date. Italy are re-opening all Construction and Manufacturing works as of 4th May. Considering they only went into lockdown around 9th March, you have to assume there was little off-site work remaining in order to achieve the commissioning by end of March. Given this and even give AB an additional few weeks to get back into the swing of things, it’s reasonable to assume that we should have Bordersley up and running by the end of June. Effectively, that’s 8 weeks to do the remaining 3 weeks worth of work. What are the odds of LC achieving this?

Chris, to be fair, the funding is near enough a sealed deal. They’ve entered into a legally binding agreement, so no MoU’s or Letter of Intent. Plus, Mr Bishop seemed very confident that the funding will be in place by the end of June too at the interview a few weeks back.

I admit I do like that Aidan has such a huge holding and with very few shares in issue. BOD’s ultimately do things for their own personal agenda. In this particular case, Aidan’s personal agenda is likely to also have a positive effect on all us PI’s.