Member Info for olddrongo

Read thru presentation and got thoroughly confused with all the figures. Tons per month, per quarter, per year,ROM, copper. Jesus.

In the end I concluded that in a year Molefe could be producing approx 3500 tonnes copper per year. Assume it goes to Sable along with similar amounts from Roan, then maybe 7000 toy of copper cathode. Potentially this could give profits of 30 40 million. 8 times p/e giving share price of maybe 6 to 9 p. Does that sound about right. Why is it so hard to decide Leon's presentations

Junior, when the South Africa business sold I thought we were told we have little debt, trivial capital outlay for copper projects, cash from the sale and no more dilution was needed. This is why so many are hacked off over this dilution via the back door.

So it begs the question as to why we haven't started production yet. CB told us 2 years ago we were ready

Still no update on the increased output due to dewatering. Perhaps Leon should just purchase pure copper piping and feed that into Roan. Probably come out less pure.

Why can't we concentrate on just trying to produce some copper with the resources we have. Dilution specialist Leon strikes again. When will I see a profit on my 3 m shares

I read it as a child's school report. Excellent

Roan

I thought the capacity had been down rated, it didn't work well with low grade material hence need to purchase via shares for high grade stuff. It didn't like the rain so a dewatering facility added. And it's taken years to sort it.

Surely a bit of a f##k up

"right royal Furkup will deny us the spoils."

You mean another Roan then !!!

Shuvlin, believe me I hope he doesn't mess up yet again. I have many shares in JLP. So I hope you are right

I don't like it either. It seems clear to me that most of our opportunities are either too small to be of interest or Colin is expecting way too much for them. I suspect Icky knows this and his message earlier was basically saying the same. I am beginning to lose faith in Colin( and Leon from JLP). The trouble for me is I have lots of shares in both

Shuvlin, that's a very big but and very unlikely unfortunately.

Being a cynical #ardstad I am 100 percent certain ths discretionary loan will be used. Colin just breaking is in gently as always.

I thought Sable had already been upgraded and the costs already allocated. Is this now not the case?

Thanks Iky, Merry Xmas

And that's just for the football team!!

I would have thought it would be very suitable, after all Birdy loves giving us fairy tales such as B*llsh*t and the beast!!!

Colin, with copper in such demand surely it's time to just get the company sold and time to retire and put your feet up!!!

Don't we have over $40m in debt from SA ops?

Sprint, I have to say I'm with you on this one.

Northern, Sprint is saying Leon sells the PGM business and then moves to that company.

OD

Does anybody think the fact that the new shares will not be released for trading until FID, the share price is not yet affected by the new shares and only the positive vibes that FID is nailed on. Any opinions out there?