Member Info for quindell

Thats way way way off I can assure you.... I will do the figures on our current stockpiles, but we should have several million cts at present

Not true at all - Regina Lopez is out and the mining industry is looking a lot healthier, Lepanto mining are starting production in Mankayan very close to our tenements during Q3. Saying a 4.3 Million ounce Gold & 1.3 Million Tonne copper project is worthless when another company is starting production literally next door is completely illogical.... Eureka in Argentine is still there but obviously non core, but its still in the ownership of the company, although quite insignificant without further exploration.

Our stockpile is increasing, we sold 394,000 ct during Q2 (most certainly from pre Q2 stockpiles) and produced 1.26m ct, so our material at hand is increasing and is of significant value.

Good post, the thing is at present we are only selling enough to practically cover our cost and are most definitely keeping all the higher quality larger stones. Everything is strategic, once our profile increases and we have greater exposure for our product our prices will obviously grow considerably because we are selling stones very very cheap, even uncut. For me the beauty of the situation is our super low $0.62 /ct cost (which could go lower) we are still testing the market and pricing, we all know the blue stones are making good money but as the demand for non blue stones increases our profit margins will increase significantly thats for sure. I'm very very bullish on the future for the company and the direction of ethical coloured stones which will be sold at a premium in the future imo as illegal mining in Madagascar, for example is rife and destroying forests. We have good quality stones, good supply with a very low price, its just a matter of time ;-)

https://twitter.com/search?q=Aussapphire

Have some profit takers, but this really does have legs... we have a long way to go - 4p looks to be a good point and that isn't even ramping! We have a Huge copper/gold project in the Phillipines for heaven sake!

Can now get a quote for 0.938

We have already seen that massive stones on the twitter page

That I literally can't buy....... MM's look to be really short of stock if you ask me!

Lol thats a big of an odd one, i'm not a believer but I don't remember ever seeing one here :/

Are blocking buys the cheeky buggers....

Yep they are conserving cash and are aligned with us ;-) I have confidence in the team because they don't splash the cash without reason, they really do keep costs very low

Thanks, I kept it short and sweet, no doubt Relephant is writing us a detailed essay :-) BTW is anyone able to get a live quote at all, I literally can't get a quote for a single share?!

I should have said " we AREN'T selling the larger stones we have recovered (many shown on the twitter 30 carat plus)'

Im very happy, in summary we covered 95% of costs during the quarter WITHOUT the agreement with the sightholders... our mid/high quality stones achieved US$3.89 / ct , our costs / ct dropped to $0.62 , new 87.5m Jorc resource extending the Lom significantly. Don't forget guys we aren't selling any of the big stones, we are almost covering our costs with the industrial material and smaller mid quality stones, we AREN'T selling the larger stones we have recovered (30 carat plus) these are all being stockpiled. With the sight holders in place assured of consistent supply they can now start their marketing campaigns and really get some interest around the green stones, that is where we will make the fat juicy profits at MUCH HIGHER PRICES then we are selling them for now. Im very happy profitability and therefore sustainability has been reached for the company. This is honestly a screaming buy at current prices, its really under the radar and once the herd arrive, like at BZT, this will rocket in no time!

I'm pretty superstitious, or probably more stupidsticious but we always have a drop before a spike at RLD I have noticed. We shouldn't bloody be at this share price especially after securing exclusivity deals etc, hopefully I can have a 0.85 top up next week fingers crossed

Was hoping that there would be no bloody buys so I could top up at 0.8 ish but looks like someone is against me with those 2m bought at the end of the day.... At least its a positive at a time when we haven't had much info and are in Limbo and slowly drifting South. Hopefully it is a sign of something good fingers crossed. GL all :-)

For the price to drop a bit, if the spread was 0.75-0.8 I would have gobbled them up by now!

When there is market volatility iWebs are crap as they will only let you buy/sell within the given spread at that time - if you use iWebs you might want to have an iii account ready as they let you buy/sell outside of the spread

They sold their 10m at 0.75 ouch! They should have waited until today ;-)