That was a good post in September from shareminator , Keep up the good work I like your calcs and your approach , I like a post with substance behind it ,
RE: Sixnoughts I like this valuation10 Nov 2019 18:47
I feel it is a very good valuation and based on those timelines when I feel that the SP is at a overbought price I will sell and then decide to buy back in when it retraces .
We had 690m shares in July and have had 10 loan conversions / dilution since which has enabled most to average down I have managed to get down to 1.25 and would like this over the line and the SP up so that the next conversion is at a price higher than my average.but suspect the next conversion is underway and is being / been sold into the market already and is acting as a brake on the SP .
The Ethiopian licensing policy 1993 stipulates that every mining company should allocate 5% free equity shares apart from 8% royalties and 35% income tax. Does this mean we get to share 65% of $68m+ a year ? So is it $44m a year = 4.5c per year or 36c per share in dividends over 8 years of production . not including any further dilution of shares The size of this pie doesn't seem as big as some are claiming .Please feel free to correct me if I am wrong ???
All I can hope for is the CEO and rampers spinning some positives and get this share price up so I can get my money back . After looking at the historic data on Georgia the odds are stacked against these clowns .
It's fools gold. 20p a share five years a go , down 2/3 in the last 12 months . certainly mined and emptied quite a few investors pockets has this lot.
So what -The share price is moving quickly also - down 7.82% today , is that relevant to tonnes or more relevant to the zero ore we are producing with potential to produce in the next few years which is still zero projected as per latest RNS.
What are the BOD up to? that’s over 6 months now and all we’ve had are RNSs raising cash after cash to pay their wages - could we have an RNS that lays out any plans or developments? It amazes me how all the posters have anything to constantly post about except Share price movements
What’s the use of that RNS , no update on production just an update that the rig arrived at the beginning of the month . That’s a bit late and a load of carp , I’m so frustrated.