Member Info for quindell

I agree with some points but not all - its not the strategy to sell the cut and polished stones, it takes more time to sell the product and although you get a much higher price that is not the end game here. Getting an off taker/sight holder to take large quantities, doing all the marketing and assuring we get good margins is a considerably better play. Once we have the benefit of a strong balance sheet (which we don't have the luxury of now) then we can move to working with our larger, rarer stockpiled material. At present the strategy is to heat treat the stones only to rapidly increase value, but cutting and polishing isnt worth doing to allow the larger partners to have their margins. If we are making $1.5 per carat as an average for all our produce thats 150% profit right there which is the real beauty of having such a low cost base. In my eyes the only issue here is the cash position, but I seriously seriously doubt they will dilute us at what is the strongest point in the companies history (in Australia) with profitability and viable sales channels leading to profitability.

The thing is the project economics MASSIVELY improve with the future direction for platinum, which many analysts believe is $1200 Pt & Gold at $1500 + ...... the main thing is we are really different in the alluvial play in Colombia, nobody has done it on a scale like we are and once we prove the concept I can really see some sort of JV coming along or even funding from a large partner to really ramp up the rolling out of these alluvial units , and as Prickly said once we make these units cheaply IN COUNTRY (we bought the blueprints) and roll them out across the license area, we will intercept some high grade material which will really surprise us all Im predicting! Keep your eyes peeled

Yep the plan was for the warrants to provide longer term funding for a nice wad of cash, we run a tight ship with low costs so as soon as we get that cash coming in.... happy days!

Some big delayed sells!

Indeed I am in both, you made a good profit there good on you ;-) I personally haven't sold a dime of BZT and have no plan to sell until we are at around 4p. With RLD it has been de-risked massively because we have reached the point of profitability which has taken around 2 years to achieve, yet here we are sitting with millions of carats of stockpiles and very close to the lowest share price we have ever been! For me I cant make heads or tails of it but once the market realises what a great little project we have there the SP will move to reflect this.

77m block buys

That should read all the capital I have already invested in the company

Well il be damned, the turd has turned :-) 57m block buys

I really do envy you...... If I invested all the capital I have at the current prices I would own in excess of 10% of the company! Nobody expected the SP to be at these levels, especially considering the recent resource estimate increasing it by 87.5m carats!

We have the biggest sapphire mine in the world, Pallinghurst (through their recent Gemfields aquisition) have the biggest emerald and ruby mine in the world, this is the last main coloured gemstone missing from their portfolio. Im not saying I would welcome Pallinghurst, but with a profitable mine we really could attract significant interest in the project with Pallinghurst being one of them.

Well we recently got a massive increase in our resource with the addition of a Jorc compliant 87.5million carats, the cash position is around $300,000 BUT as announced in the notice we are on track to be profitable from the end of July onwards, and historically this company runs a very tight ship with very low expenses and costs and the current cash position is adequate, especially as we will now be a profitable company from here onwards! Based on the lack of liquidity from the MM's i'm expecting a big jump in the SP, and if our agreement with the sightholders proves successful this could really take off and do another 2015 type rise where the SP spiked from just over 1p to over 6p!

Is extremely tight! Its less then 2% at the moment which is good, and with the news flow due we will have another tick up I have no doubt

Yep I can sell up to 2m at 0.72ish, I was able to get a quote for £40 worth at just under 0.8 earlier this morning but now its NT for any sized buy no matter how small :-/ The price is honestly insane and completely illogical - we have millions of carats of sapphires in inventory which is worth a large portion of our current MCAP, and thats being very conservative!

Yep I can sell up to 2m at 0.72ish, I was able to get a quote for £40 worth at just under 0.8 earlier this morning but now its NT for any sized buy no matter how small :-/ The price is honestly insane and completely illogical - we have millions of carats of sapphires in inventory which is worth a large portion of our current MCAP, and thats being very conservative!

Well I can't get a quote to buy any shares right now lol!

Unusual price monitoring extension...... Could spike tomorrow or drop further based on that!

But yep they wouldn't happen this quick so could be rollies

Look like bed & isa's to me

I just threw the last of my spare cash into RLD today so I can't buy anymore BZT at these silly prices GRRR!

Na you won't have a chance, got a nice fat limit order sitting there waiting ;-)