Member Info for oilmagnet477

Would need some qualification on that score. We have gravel pits locally that supply sand and gravel to the local building trades. Not sure they would be described as 'Miners'. As far as I understand, our extraction approach is far more closely aligned to this 'surface excavation' type of operation than the traditional understanding of 'Mining' - hence the significantly lower CAPEX and OPEX.

Move over TATA, we're coming......... Jaguar Landrover will be DR's next target lol

potential steel production plant so we become producers.........................??

Good listen - interesting update on Gabon - "investigating a potential project that would avoid us competing on the IO export market" - what does that mean?????????

365k @ 0.68p not showing yet

If my reading of the RNS is correct 8+Mt at 250,000t/pa gives a mine life circa 30 YEARS or have I miscalculated something? Don't think so................DR always indicated annual revenues to be circa $15m - your calculation though should be $ not £

Think it will be a tough call tbh. We are bound to see a spike, but if things progress as per the RNS, ie procurement tenders being drawn up now so we can seriously hit the ground running as soon as the permit lands, then we could see a significant re-rate over a steady period - so jumping off and taking profits might prove costly. Always a good idea to bag some but I've seen so many shares where people jump off too early and will want to avoid that. I am trying to build significantly before news (and on top of what I already hold) so that I can derisk some but leave the rest in the care of DR for when IO picks up and we have internal funding from Togo to pay for everything. That may take some time but I've been waiting for 3 years so a few more won't hurt lol DR isn't getting any younger (I know he's not that old) but RP will want to be enjoying the fruits of his labours before too much longer I'd guess.

He only comes out on RED days! Funny that!

will have to see - it depends on what funds I can pull together but at these prices, and given that we are ever nearer to getting the permit I can only see this going one way. If end June 'deadline' slips they may get cheaper but once the news does land 0.45-0.65 won't make so much difference. I'd rather add 200k now and risk them going lower than wait for it to go lower and then news lands and I have to pay 2-3 times the price. Can't see me getting 2-3 times as many by waiting.

to my bank account - how did they know I'm putting together a chunky top up. where's ITYS when you need him - Bl00dy typical :(

Well it would take something more than a major miracle for a developing company with no revenues to post a profit in their annual results. My guess is that there will be no great surprises on that score! What will be important is to show that any cash spent has been done wisely and kept to a minimum. From all I have seen and heard over the last 12 months, the BoD have worked hard to control overhead and keep any necessary dilution to a minimum. Getting contractors to take equity instead of cash and BoD members providing loans speaks volumes on that score. Time will tell all here and in the not too distant future here we should see a clear path to production and revenue generation to fund future projects. All IMO but I don't think I'll be proven wrong GLA

"he is fired up to push through the permit" Is DR holding a gun to his head I wonder lol

Cheers lano.

16.67% UP on Google Finance!

It is official :) At least I'm funny ha ha I'll leave the funny peculiar to you

Still can't understand plain English then. I don't give a toss if June is missed - it will give me a great chance to load up with more. Why does a short term issue matter to a long term company. See the world in larger than 3 month chunks and it is far less stressful

you've found a friend.....but hang on I thought you said you didn't give a toss about other people. Another lie then. tut tut And for your information, I'll be eating no humble pie if things are delayed beyond the end of June - I have NEVER said they definitively won't be but that my opinion is that all the facts now point against such an outcome. Personally if it does slip I'll be taking advantage and showing DR my CONTINUED LONG TERM SUPPORT. No hidden agenda here - I like DR, like what he has historically achieved and like what he is trying to achieve now - HENCE I AM INVESTED and have been for a considerable time and will continue to be so for a considerable time until the value of all FRX assets has been realised. If, as a supporter of this company, I remain positive and post accordingly then apologies if that goes against your core values of negativity but as you've said before, you don't give a toss and are just seeking a nice low entry price for a gamble - how's that for being a 'nice guy'

If you've got the pox, it is impossible not to scratch the sores

Largely down to an incorrect and overinflated opening price of 0.65p which has no basis in previous trading. As ever though, nice to see consistency - ie doesn't report when we are up, like yesterday. Manlord's post says it all

I suspect that was a buy on ISDX BUT I'm wondering if the 2 biggies today were hangovers from Friday's double RNS about extensions? Can't see why else it would have happened..... Welcome Manlord - quick on the uptake regarding I.Talk.You.Sleep - well done!