Member Info for quindell

Bunion, that would be a good idea however as a current holder I have to use my brain before topping up. Until we get our quarter 1 update and clarity with regards to future finance I won't top up a single share. For me as a shareholder seeing sapphires being sold at $0.48 per carat is very discouraging, considering low quality sapphires comprises of 99% of our production. We wont last long at those prices thats for sure and with production lower for the first half of 2016 I'm hoping some higher quality sapphire sales will give us a boost, in addition to an increase in higher grade sapphires recovered. Overall we need our quarter one update and fundraising sorted before I consider topping up here.

Thats a fair point, lets just hope that the higher grade sales are good when they take place, with the approximate 7,800 carats of higher grade we have from last years operations. Also, if we had $1.6 million cash at the end of 2015 then I estimate we have $300k-$400k maximum remaining and I would prefer an open offer as apposed to a discounted placing, lets just see what happens.

I agree with you cash burn has been kept low which I attribute to our great leader, but we can't bury our heads in the sand on this matter, the 1% higher quality stone recovery is extremely extremely low. We have to remember that the low quality stones were sold for $0.48 per carat on average at the tail end of 2015 which isn't a good indicator for future revenue from stones of that grade.

Indeed I agree with you but my biggest concern is the cash position and the proportion of higher grade material recovered! With $1.6m cash left in the bank and around 1% of the stones being higher grade, there is a big big concern that operations may not be sustainable. If the percentage of higher grade stones does not increase then RLD will be in trouble, considering that towards the end of quarter 4 lower quality sapphires were sold for $0.48 per carat on average.

RLD's cash position is not good at all!

Below is the main summary 24.6 metric tonnes of iodine produced from five IOsorb® plants with production target of 250-270 metric tonnes of iodine in H1 2016 The Board is pleased to report that Iofina and its partners have been working cooperatively to ensure that the Company's IOsorb® plants, at a minimum, maintain current levels of brine processing and ideally expand volumes to some of our plants. Even with the OCC restrictions and a slowdown of new well drilling rates in Iofina's core area, there remains an abundance of brine for the Company's current plants and potential future sites. The Company has continued to implement strategies to trim iodine production costs. The Company sees less downside risk for iodine prices in the near term. Commenting, President and CEO Dr. Tom Becker, stated: "I am pleased by our response to the challenges faced in 2016. Iofina produced more iodine from its Oklahoma operations at a significantly lower cost than the same period in 2015 and is on target to reach H1 production goals. "The actions the Board is taking, in conjunction with the Company's producing partners, to mitigate future risk and ensure brine supply remain encouraging. We have been pleased with the continued sales of produced iodine to the global market. The Board continues to actively execute its business plan whilst managing the debt position in the current challenging commodities market

Historically this has been hugely manipulated so you cant blame him..... its great news this leaching scamming CEO who was simply channeling money from PTV via a subsidiary is leaving the company!

Very true Mick, when people like Advance123 et al jump on the bandwagon you know what the drill is!

Mr 176,081 lost over £3500 in just over 3 hours yesterday... ouch! This is an easy target for the P&D crew because there are very few shares in issue! I hate when PI's loose money so don't jump on the bandwagon unless you are fully informed.

Another attempted pump and dump like yesterday...

To Mr 103,468 who lost around £1500 in 2 hours...

Leon calm down dude! Those kind of posts don't reflect you so relax ;)

Very nice Rise..... has been on my watch list for a while but never bought in, if they get the mining license then it will be transformational.

Greenstone are simply waiting in the sidelines for an opportunity to arise.

*bag

Lovely jubbly on a 3 bad now ;)

Someone wanted out with that 2.7m sell at 2.5p!

Johnny, I was actually given several warnings by emails from LSE and even had a temporary suspension on this matter several months ago. Unfortunately I don't feel comfortable disclosing any info on these boards, PRG hasn't been a real priority of mine at all after I sold out and have only genuinely attempted to obtain info to help those PI's that were left invested because I GENUINELY wanted to help out PI's, I hate seeing them loose when the crooks running the show are consistently benefitting. AIM is a very skewed market, and the situation at PRG really has made my blood boil don't let PM try to fool you. Go back and look at the events over the past 6-8 months and try to make sense of this whole situation in an impartial manner.

Unfortunately the main stumbling block was PM - he was an extremely arrogant, pretentious snob who grabbed the pi's attention with his outlandish projections and whole facade about being on the investors side. He is an eloquent crook! This whole situation was evidently avoidable and you know..... lets just say things went according to PM's plans.....

sorry guys i genuinely feel so sorry for any pi's here