Member Info for quindell

I DO hold RLD as a matter of fact....... also regarding NCT you are grossly exaggerating! I merely made a single statement which was I could buy 100m shares in 1 go with a live quote, which doesn't bode well for the liquidity! My 1 statement was merely a truthful observation and in no way shape or form was used to try and talk the share price down if thats what you are alluding to, If that was my aim I would have bombarded the board with negativity! You seem to be extremely paranoid thats for sure, if you want to bury your head in the sands regarding your investment in RLD then go ahead. What I posted about the RNS today was perfectly valid, I chose the figures that correlate to the majority of sales and thus most importantly our source of revenue. Why would I go and mention the near $15,000 received for the higher quality stones when their sales make up a small proportion of our revenue, these won't sustain our operations will they now?

Why were details not given on the operational cash cost per carat? Did Bernard want to avoid causing panic among shareholders considering the $0.7 per ct received?

So he gets to essentially take control of GEL, with the high asset value for peanuts! Very shrewd move from him!

Some people invested a lot of money in here tbh and did so based on Mr Manduca's chatter, so yes for them to loose that it is a big deal!

Im very good thank you, I hope you are well Johnny. PRG hasn't really been on my mind for a while now so I haven't really attempted to obtain any information on it. You never know, there could be a future listing on AIM/ISDX at some stage, however its all up in the air at the moment. One thing we all have to remember health and family are the 2 most important things in life, money comes and goes.

Im very sorry for how this turned out for all shareholders in PRG, I hope future investments bring you success and prosperity.

Standard life are divesting so expect more drops.

I was not referring to my opinions just for the record, I was actually talking about relephant's posts that were very truthful and logical. On a side note I assume you meant to say "little or no value".

A successful investor doesn't bury their head in the sand and act as if everything is normal and have a strop when other individuals bring up very valid points!

I completely agree with you, effectively selling to themselves cannot be ruled out in this situation and others in my humble opinion.

Relephant what is your opinion on the Capricorn acquisition? I have to agree with Colin that it seems that some underhand deals had taken place, the plant was abandoned on site so all that was spent up front by the prospectors was $40,000 AUS for the licenses. Why couldn't RLD have done the deal directly and cut out the middle man? The most pressing issue at present for me is the cash position, we need to get that sorted ASAP!

I was waiting for you to post relephant :) As always a great truthful and detailed post!

Very good article, I'm going to have another look at these dodgy dealings!

You make some very valid points there, in all honesty I have absolutely no idea why Mpungwe is on the board!!! We have nothing to do with Tanzania anymore so he is not needed and is simply an added cost with 0 benefit!

I was under the impression they were the sellers.

**preparatory work

The owners were the prospectors who renewed the 2 licenses, you must not forget the alluvial plant that was including in the sale (which needed a lot of predatory work i grant you). At present our cash position is very fragile so we need that sorted out ASAP

We absolutely SHOULD have purchased it, we got it for a bargain price thats for sure! Its all about increasing the percentage of high quality stones recovered and realising great profits there, which I hope future mining will achieve.

Apologies, I do know I'm coming across as negative but I'm airing genuine concerns! And just to clarify I am positive regarding the sight sales :)

Thats a good point, they did produce some large stones thats true but I had a long discussion with Bernard last April in London and he was the first to admit this is a low quality deposit but it was all about volume and select high quality stones. The thing that worries me most regarding our sapphires is seeing them sold on average at $0.48 per carat at the end of Q4 of 2015, and the proportion of high quality stones that we are mining. I'm just being a realist here, then again we are still in our infancy with regards to the project so we have a long way to go. Lets hope the Q1 figures are good and that the sight sales bring some positive sentiment.