Member Info for ringworm

OK so I get that the firm has accrued losses on the books of about £60M, which can be used to offset profits in the event of an RTO which has a market value of £12M, so an RTO can still push the price to 1.2p before they walk away.

As of Dec 2018 : Net Assets 0.10

which is great for a MCAP of £3M with net shareholder assets of £0.1M so that makes an overvalue of 30x assets now .. as we become a cash shell tomorrow.

pants on fire - going for a walk now ..

spam filters and cleanup after you flooded the servers with the same posts over and over again ..
and filled up the databases with spam ..
so they crashed ..

wish I was selling the mud on this board ...

rampers v derampers

and hardly gram of fact between them.

Day traders don't care about anything but numbers and often don't look beyond the stats and always sell by end of day.
Swing traders buy on a rise and short on a downturn, only look at the curves.
LTI's do some research, but often have an emotional attachment, a wise old man once said to me any profit is a profit so take it when it comes, don't hold out for more when a customer is there.
Gamblers weigh risk against opportunity. no risk = no gain.
Investment expects some security, AIM does not provide security only risk.

which one are you ? place your bets and let the wheel spin one more time .. keep your best shirt at the cleaners.

Once they have all the gemstones stock, website etc there remains only the real estate - mothballed gravel pit in Queensland.

I think it was https://www.capricorngems.com.au

Fura want it and the listing - well they have it now in principle ... my estimate is 0.35p a share total value about £4m

mine too ;)

Sell now so we can get more cheep ...

Now our local scrap dealer is interested ..

seems ta have brought about a small rise, it will soon go back to normal.
This is like the smelly socks in the bottom drawer which no-one wants to take out and bin ...

Negotiating cash for a business which is still not earning cannot be done on these terms in an instant, and I expect the whole deal took several meetings over the last month. So the handshake on cash was probably mid October, whilst also looking for a broker who has been paid in warrants. If you look back two weeks the price of 0.1p was only a 5% discount on the days price. I think its a job well done and the new investors will be happy and hopefully hold for dividends in the future.

That "Sell" was a buy, no more buckets of unwanted shares lying around the traders floors now ... maybe the last chance on the ground floor here now ..

Its a "CYAN" Whale ... overweight and lost in the wrong estuary ...

Cant find the "Bargepole" option in opinion ...

My Criteria were :
1) Historically - share price fell off a cliff so its not overvalued
2) Look at current BOD and their involvement, how committed they are to their business.
3) What are the current prospects given their current plans and market conditions.
So ignoring past performance - remember share prices can go up as well as down, and past performance is not an indicator for future potential - but sometimes it is. So share price is still very cheap compared to what you paid, and I am about even. I like it which is the best thing. The pozzolans can either build roads or walls - I prefer roads to Mexico to walls. Either way it has good prospects. All my businesses make a profit, and the directors will do all they can to turn this into their future fortunes. Its not a "Safe Bet" but its certainly in the running.

sometimes people just need the cash - bills to pay, rent etc.
We long term holders just top up from time to time, we are the lucky ones, its just beer money here ... spare cash not our life savings ..

Mobile plant is not generally purchased, but leased, which makes it a "Revenue" expense and not a "Capital" expense, so if you see a big machine on site its for trials. Yes leasing is more expensive but it has a 100% markdown on the books, and generally includes maintenance and service by the manufacturer. There is not likely to be much more in the way of pre-production expenses other than the bond, and I would expect that the plant operator will fill their boots with cheap shares just before it rolls, so when you see this purchase on the RNS you will know the green light is on. Till then - party on ...

so glad I topped up at 0.078 the other week ;)

Looking forward to next year now with this one ...

I expect that the realistic profit will be about $5/Ton, so on 100K Tons that would make $0.5 Million or 16% of mcap in 1st year of production, which if returned as dividends would value the business at about $10 Million, so share price will be about 0.27p so plenty of room for growth here ... 2nd year could be better, expect 10-15% growth year on year for 6 years, yielding 0.2p/share in dividends over 6 years with a final price of about 0.5p

based on my etchasketch sums.

Looks like we are heading for the pre-consolidation price again ..... better value buying supermarket whiskey ...

Only the market determines the share price, and so much cash has done a "Brexit" there is little left to spread round the hundreds of small caps, but someone is confident here ... and pozz can make great roads to Mexico when the dump gets kicked ..

Whether its building walls or roads the pozz' is a product for the future, and whether for pot plants or salads hydroponics the perlite is another good product, my money is staying here for the long haul. Doubling down when I can ..