Member Info for MrJinx

Thankfully, I knew they were still about, so I never left my bunker.

Well, you were posting old news as if nobody knew about it.

Meh! If have preferred an England win. :(

But only just...! I'd settle for 8's and I'd be offski.

BondSan....whaaaat? I'm guessing you're new?

I'm paraphrasing previous RNS' but the crux is there the aim in H2 is to be 'self-funding'. By that statement I would assume no dilution. I, amongst others have been caught out by the previous BoD's fund raising shenanigans so I'll never say never but I'm hopeful this lot are playing with a straight bat.

Moving forward though, it's quite pleasing to see such great quality diamonds being mined at such early mining stages. As much as the projected cost per carat is an issue for me, with higher grades comes greater profit.

Thought costs were projected at $300 per carat.

Blimey, why the animosity? No, I expected there to be a higher overall amount because the $1.2m costs were based on the 'lower expected production' targets. Maybe up to $2m for ore processing. That may still be the case and the other costs are the running of Kareevlei, which do seem relatively high, compared to previous financial periods.

Unclear. I assumed, rather naively it seems, that the Tiechmann production costs were all inclusive. So between $2.5m and $3m on other costs but not including PLC costs? Hmmm!

Based on the August RNS, production costs payable to Teichmann based on the lower end of 2020 production expectations was to be $1.2m. Today, the production costs are stated as $300 per carat. At 16,000 carats per year that's $4.8m. Can someone explain the vast difference?
At $120 per carat profit, that's still $1.9m a year clear. Not bad for a £4m mCap company on Aim. However, I still think they're still playing fast and loose with their figures.

One things for sure, there's no positivity priced in at the moment so it should be clear road ahead. I've made a comparison with Botswana diamonds before but it's even more pertinent on the eve(ish) of the Q3 results and Q4 guidance. Given the recent tender results, we must have tipped the scales into profitability.

I wasn't specifically talking about BRD. Moreover giving a possible motivation as to why someone may sell or top-slice, on a company that's on the up, of that makes sense :)

...or, they know how AIM works and no matter how confident you are, or the number of great messages the company send out, it can turn a complete 180' and kick you right square in the balls. Hopefully, BRD are done with that approach now but who knows really?

So, two thirds of the current mkt cap, in a single financial quarter. Not only that, a 1/4 of the current mkt cap in the last month alone. Well, getting your nogging round that takes some effort.

I'm no mathematician but aren't we only at the equivalent of about 0.26p in old pre-diluted money?

I've only just seen the RNS. Let's not forget, this is still the top layers. It's only been 3-4 months (probably less) of intense ore processing. Christ on a bike; the bigger stones alone could possibly cover processing costs of $1.2m a year. I need a sit down!!!

Who knows? First, the adjacent acreage results, success or failure, needs to be analysed and compared to our prospects. Brazil Data rooms have been open years. Fast follower was and always has been spin. Lixus is where it's at now, Brazil is just a potential bonus way in the future.

Anyway, I agree about the potential for Lixus but bloody hell, the BoD's don't half make it difficult to keep faith in them.

Well that's a play on semantics. ' Fully funded for current work commitments - less than US$1.0 million' tells me that they do not have a commitment to pay out a further $6.5m for prospect S. I actually challenge you to find anyone who thought differently.