Member Info for RightOn

Hello mytton. Interesting question. Yes, I am still invested, and by consequence interested. My reading is as follows. This should be viewed as a classic risk venture. The opportunity was discovered, needed to be assessed, financed, etc. Lots of hurdles, barriers, etc, plus the opportunity to lose our money. Ventures like these generally go either belly up, or are massively successful. If you are looking here, then I would guess that you already know about the massive risk. Not for the faint hearted, and not for someone who could not stand the loss of a total failure. It In my personal opinion that ventures like this need not only examination of the assets, and the prospective assets, but also management. Both came out well for me, hence I invested. I have seen it take a little more of a dip than I would have liked, but that's life. But I now come onto answering your question. From what I have seen the potential is genuinely massive, but until it is being produced, the potential is just that, potential and nothing more. The key step I have seen this morning so today's answer is different from what I would have responded yesterday. I knew the raising of the finance. was necessary and in process, but until it was delivered, I felt this was touch and go. But now there should be the funds for the bankable feasibility study, which means that we may be able to avoid further shareholder dilution. And that is important for early investors. I see this new money as unlocking the door to a safe, and each step from here forward with lower and lower risk, and hence the share price will start to take off. I am as optimistic as I have ever been about a business of this nature, and specifically about this business.
In summary, today's news is a game changer. The risk has been substantially reduced, and the opportunity solidified. If everything that management have said follows as they describe, this company has a great future. I will sleep better tonight. And that's my view.

Let’s forget the adjectives, and look at the real hard data from the Dec 3rd RNS. This is a company with access to existing and known mines, not worked since the last war, with extended deposits only now being explored in greater detail with new drilling. The findings to date appear to confirm the previous reported grades of 20% lead and over 100 ounces ("oz") of silver per tonne in one of the mines. And continuing to quote from the latest results “Mineralisation is confirmed to extend along a continuous 3.5 km strike length within the property indicating the presence of a major mineralised system”. “This drilling will enhance the new resource estimate scheduled for completion in the first quarter of next year. High-grade copper and silver assays, most notably 1.37 m grading 12.05% copper and 444 g/t silver and 49.5 m of 0.57% copper with 11.74 g/t silver, continue to demonstrate the continuity of the oxide resource and provide additional evidence for high grade sulphide at depth.” These are just a few of the highlights.
The location is a safe jurisdiction, with this development and exploration just continuing the work of earlier known mines. The work now moves to bankable feasibility studies, of which these results are integral. To wrap this up I quote again from the December 3rd RNS. “We have only now begun to understand the full scale of the opportunity.”
I for one am looking forward to a hell of a journey, up up and away…

Yes, gold rush, I did see the RNS. I am genuinely amazed that this SP has stayed in the doldrums for so long. On the one hand I don’t mind too much as I’m drip buying, whilst I would like to see it move up to match all the news and get my real return. The price now I believe represents a real bargain, and won’t last for long till the big boys see it.
Good lunch GR!

For the benefit of @hash and sawcut, Kyrgyzstan is a totally separate country to Kazakhstan. Kazakhstan is a leader in the region, and which has for instance, brought in a Finance Centre, with the UK system, UK led arbitration, and UK judges in charge. Very, very different from Kyrgyzstan.

Well I never. After all these months, this share price has actually moved. And even in the right direction. This has the potential to be a little jewel. Maybe even a large one. Come on Phoenix. Keep on rising,....

I am one of the lucky people who bought at under £1.00., and watched this go up and up. I sold from time to time to recover my investment several times over), and am now holding a much reduced stock. But where to now. I am a long term investor, not clever enough to trade for short term gain, so my perspective is from 6 months up. Where will we be in a year. Does anyone have a crystal ball? .
I've enjoyed reading the posts here, and feel much more educated. Thanks guys.

Is the world noticing this opportunity yet? A very strong RNS. Let's hope this is the start of something big.

I am asking this in innocence mannnan. Why "no good"? From what I can see this is clearly stated to be a deposit which is not in production. That means it will need investment. I don't see the problem of bringing investors in, particularly if they do not offer dilution. But perhaps I am seeing something different to you. Could you explain your comment?

Could I ask for some advice. About 3 years ago I had some money I was not expecting. An office mate suggested putting it into Kazakhmys, then priced at just above 100p. I was not a big investor. A complete amateur. I watched it drop, and thought "disaster". But then it picked up and has gone slowly up and up and up. Now I don't know what to do. I sold a little off to recover my investment, so now I'm on pure profit. Would your advice be to sell, or to hold for longer. I don't need the money, but don't want to lose it either. Thanks for your advice guys. I've enjoyed reading all your comments.