Member Info for Moneymaker2015

Now they’ve got their webpage updated and running again, it’s boding well for some news flow to follow in the coming weeks. Having the design finalised last year is a monumental step also. Now the main focus is purely going to be on obtaining a client/partner base. Exciting year ahead here.

Smoke, I think you’re right about Bushveld being a potential buyer, it’s right on their door step and with the margins they’re making currently I’m sure they’d like the additional resources. I don’t suspect we’ll hear anything at all until the ‘Strategic Review’ is complete. As I say, just looking at Bushvelds accounts there’s some big margins to be made off Vanadium and associated metals. I’m just keeping my fingers crossed that we obtain funding ourselves or enter into a JV on very good terms. With our current position it’s still risky whether or not we’ll sell-up from a low ball offer or be forced into a JV on unsatisfactory terms. Hopefully not long to wait until we hear some news.

I’ve just been reading up on the sale of NAP in October. It’s just hit home the genuine potential sale price we could get for EUA if we get the flanks and even more so if we apply for the surrounding areas. NAP had 5m oz of Palladium and was sold for $758m. That works out to 21p per share. Ultimately, we may have a much higher resource than what NAP had. Yes some will argue that NAP was already a producing mine, but that is countered by the values of WK and Semenovsky. I’m not intending on ramping when I say this, but if the board play things well I genuinely believe we have the potential to get upwards of the 30p mark, potentially more if we can obtain the additional areas.

I’ve just been looking looking back over Bushveld’s financials and it’s astonishing the margins they’re producing, especially considering the amount of exploratory work they’re doing too. I really hope that ME can gain us satisfactory financing for this project and avoid any low ball offers or further dilution. If so, there’s no reason why we couldn’t adopt a similar business plan to Bushveld at the moment. Still kick myself to this day for selling up on Bushveld too early, Doh!

Well, this is my 3rd time in with 88E now. Each time has made me a small profit. This last time got in around 0.7p. Was hoping for the results to come in a few months time, but there’s just far too much risk with this share (as we’ve found a few times in the past). Think I’m going to get out whilst I’ve still got a good margin. Good luck to anyone still holding, the assets do have great potential. I’m just too much of a pussy to wait and see.

It could be another month or two yet until we receive an update, as we have cash until the end of March.

I’d like to think any news at all would be positive, atleast value wise compared to the current sp. We do afterall have over $9billion worth of Vanadium alone just sat there. Even if news is that we can’t get funding ourselves and have to sell up on the cheap, it would still be criminal to let this go for anything less than $50m.

It’s looking likely that we’ll start heading back down again. There’s been some big sells! Plus, there’s been no reason for the sudden jump this last week either. Hopefully it will keep going up but we need some news to keep the momentum going.

There’s no consistency with their annual report. It baffled me last year because in the space of 3 years, one was in October, another in November and the other in December! I would be concerned with the annual report anyway as it to year end June 2019. They might have been holding back to include news on the licences. The interim report due end of next month will be of more interest as it will give a better idea of current cash levels. I’d definitely say BMV is worth a small punt as the shares in issue are considerably low and the cost into production is very low. Even if we had to make a placing, it won’t have a huge effect long term. Obviously DYOR but provided all goes well with production at the end of the year, you’ll likely make a good return in 2-3 years time.

I know it’s only a small amount but it doesn’t bode well one of the directors selling up completely at the start of our first year of expected production. Bit of a conspiracy, but I reckon we’re going to do a placing to get the start-up costs and he wanted out beforehand.

Not long to wait now either. Potential JV sorted by end of next month. Resource estimates completed by end of Q1. Hopefully the “mechanics” of sorting that special divi won’t be too long after either. The release of the financials in June are what is exciting me. We had a good mining season and will be debt free in April. Definitely the potential to be a transformational next 12 months!

He’s just bitter because he lost on FLOW, so found INSP who are basically what FLOW should have been. Now he’s de-ramping this share as his way of healing his wounds. You’ve got to pity him really...

Awstin, don’t get me wrong, I’m not saying we’re onto a sure thing or even you’ll get every penny back if you invested a few years ago. To be fair it’s one of my riskiest investments. However, the size of our asset is monumental and has great potential. The obvious risks are someone coming in with a low ball offer of less than 3p or we can’t gain the funding we require so have to do a larger placing to make up the difference. If we have to do one or two placings just to cover running costs that doesn’t concern me as in the grand scheme of things it’s a relatively small amount. Luckily we should find out where we stand in about 2 months time.

I don’t think the accounts have been published yet. BMV is a solid investment and will likely be producing later this year. The only issue at the minute is whether there’ll be any dilution in order to get the mine up and running. They're looking at non-dilutive options, but until this is confirmed I’m refraining from increasing my holding. If they do indeed manage to get funding and no further dilution is required, in a year or two this will be very profitable as the number of shares in issue is minuscule in comparison to its potential. Obviously DYOR.

Having made decent margins out of AMER twice, you cannot knock GC for the global decline of oil prices. I got in to AMER first around 10 years ago and about 5 years ago oil prices plummeted (it hit me hard because a number of my investments claimed chapter 11 and I lost every penny). Luckily I got out of AMER with a profit. It was steadily declining year on year and there was absolutely nothing the board could do about it, oil prices were just too low. Earlier last year GC bought a number of shares around 12p. This was a sign to jump back in. He declined an offer of around 17p and then accepted one of around £20m more. Yes it was bad for some people that didn’t manage to get out in time, but after the drop in oil price, AMER was never going to go above 30p again. GC can’t be blamed for that. Just look at his other successes, he’s a very good businessman.

Buffalo, finally a man of sense! News is coming and hopefully it will explode!

Why is there so much negativity on this board? If you’re so unhappy with your investment, just grow a pear, admit you made a sh*te choice, sell up and make a better investment next time!

Razel, do your own research and don’t listen to others. It’s the same with every share; long time holders that are currently holding at a lower sp than their initial invest always begrudge the CEO (same with every share I’ve ever owned), others deramping so the sp will drop allowing them to accumulate at a lower price or rampers trying to make a quick dollar will tell you anything so you buy in. My personal opinion on KIBO; it’s unlikely they’ll be much more dilution (if any), current sp is far lower than the currents assets are valued, they’ll finally be bringing in revenue within 2 months time. If you’re wanting a 10 bagger this year I’d say there’s others out there with better prospects. If you’re looking for a longer term investment of circa 3 years or more, KIBO definitely has good prospects and at the current sp is an absolute steal. As I say though, never listen to others and always DYOR.

The thing is 3-5 years ago we were never on the cusp of commercialisation. This coming March is the only time in 5 years that the sp should/should have gone up. Anyone getting in within the last 5 years would have been expecting this to drop anyone. It’s the same with most companies, from points of pre-feasibility studies you generally have a min of 3 years (often longer) until operations are up and running. During which time the sp usually always keeps dropping until revenue is being made. This March is finally that point! It’s likely the sp will have an upward trend from there. This is obviously dependent upon the actual revenue Bordersley brings in.

I had exactly the same with EUA to fair. Sat there for 4 years whilst it stagnated at 0.5p. They announced immense news 15 months ago, the sp rocketed to around 1.2p then a month later it dropped to about 0.4p! I got lucky took out a hefty margin a couple of months ago when it suddenly jumped and still have an alright little holding. I see no reason why Kibo won’t eventually get to 4p either. It’s just the speed in which it gets there is purely dependent on Bordersley. If it gives us a marginal profit next year this will be at 4p. If we are cost neutral I see this at around 2p. The only problem would be if Bordersley cost more to run than it bought in, then we would have to wait a fair bit longer. Just remember the assets are currently worth around 2.2p. The current sp doesn’t mean anything unless you need your initial investment back this instance. Me personally have my sites set in about 3 years time, where I’m expecting this to be in the 10p region.

Keep the faith, we have CS on the board! EUA we’re doing exactly the same early last year, tweeting the same things over and over. Just look at where they are now and where they’re headed.

Plus, there’s not going to be any real news until the end of Q1 when we finally start bringing in some revenue. It’s better having these unnecessary tweets rather than absolutely nothing. Atleast we know someone’s in the office!