Member Info for MrJinx

as a sure thing but with the sp at this level, this comes pretty f’ing close.

Lol...and you criticise our posts. :)

That may have been an ‘in-house’ valuation.

Without further dilution (unlikely, I know) in production valuation is £2.96 or something like that. So even with giving away 50% equity to a partner, it still puts us well over a quid.

Er, ya think? :D)

...before what? I thought we were on a steady climb based on ‘in the know’ buyers.

Lol...or Southend :D)

is bouncing around more than a fat lass in Blackpool.

Wile...yes, this year’s raise was for good reason, for expansion. ‘Economies of scale’ was the term the Chairman or CEO used at the time. However, due to the Covid crisis, the expansion plans have been suspended and it appears the funds are being used to keep the company afloat. No arguments from me, it was the right thing to do. The issue is, to reignite the expansion plans the company is going to have to raise again. The company isn’t making a profit (or not much of one) by mining alone. I’m afraid it’s very much chicken and egg. Can’t expand without the money, can’t make the money without expansion. I haven’t got the expansion costs to hand so if someone has, it would be interesting to see them. With the next tranche of cash to be released by Teichmann giving us a cash balance of between £1.1m-£1-4m and the last raise being £1.9m with a cash balance of around £750k, I’d suggest we don’t have enough. If ever there was a time for a big stone find, it’s now!!!!

No, there’s a huge difference between ‘cash flow positive’ and being ‘profitable’. BRD’s yearly running costs, based on last year are between $4-4.5m. So far this year, the mine has generated what, just above a $m in diamond sales in H1? It’s also worth noting that the company went on to raise £1.9m when they had £750k in the bank in last year end reports. So, at capacity, with lower carat prices, no big stones, and a $4m burn...hmm!

The only worry if HL steps aside is who takes over. I’ve seen it before where an equity partner takes over and they see the company as their own cash cow. Raise after raise until they can’t raise no more. The market hates uncertainty.

Snort, too many times is the answer but it’s gotta pay off at some point. Goon, I have accumulated a fair amount of shares at various price points and seeing how ‘little’ it’s costing newbies to buy the same, is just sickening. Maybe I should double down...I just don’t trust the Board of Directors.

Directors don’t need to buy as they have got themselves lined up with a peachy cash for shares deal. If this reaches a pound for example, they’ll have their shares awarded at around today’s price. Which is probably why they had the ‘cost-cutting’ excercise. Hey, wait...am I talking myself into chucking more money into this dying moose???? Save me lads, SAVE ME!!!!

* ‘herd’...? It’d be nice if we had a couple of sheep.

It does seem strange that we’re perennially having red days, yet the daily price never drops. Something is afoot.

Oh the irony! :D)
It matters not Goon, we’re on ignore, remember?

You really think that Emmerson - Mcap £41m & Sirius - Mcp £750m with £1bn debt (and rising) are comparable? And do you really suspect the BoD would allow a takeover at £41m (or less is your insinuation, I believe)? I’ve invested in some total donkey shares in my time and, though I get your overall point about ‘caution’, now is not the time. Were the sp in the teens or twenties then okay, but not as it’s only just bouncing above its historical median.

Yup. Only finance to secure and we’re away to the stars. :) aimoh.

keeping the board alive. Any day now lads & lasses!!! :)

today don’t indicate an sp should be 8% lower. Either there’s a big seller coming through or this will bounce higher tomorrow.