Well done AP25 Apr 2025 17:11
Well I will say I’m genuinely surprised that this news has actually landed today and must say, that although he has many faults and has been - how to put it- flexible with facts in the past, well done AP for seeing this over the line
Unfortunate that this coincides with the diamond market being in a slump - if asimple is broadly correct(and if you believe his often quoted background), he has far more diamond experience than anyone else who posts here then 8-10 $million (minus costs) is obviously huge but is still less than the outstanding debt
As has been pointed out the claimed insurance valuation figure was when prices were 40-50% higher than they are now.
The ops update for Baita should be more of a concern as the concentrate produced would have made $500k if were are lucky so the company is still bleeding cash
Sadly yet another raise will happen - actually needs to happen and in reality AP will be at fault if he hasn’t tried to milk the market today for as much as he can get (not that that will be of any relief to those who will find themselves underwater). Just watch for a classic two date admission of shares , the first date which insiders (who, based on the price action, appear to have benefitted from early knowledge of today’s RNS) will maximise the gains, the second tranche will go through brokers to general retail punters
- wonder when techguru will subsequently disappear lol