Member Info for sajhanif

If there is gold in the remaining 7 drilling results then could be double that....

Higher than that mate, results mean there is gold in other areas

Indeed high grade gold too! Knew the drillers had inside info!! Another 7 hole results to come... fantastic news!

lol every one is a goal apparently! This one may have gold!

Drillers know a hell of a lot, they get insider knowledge.

Fair enough, everyone is entitled to their view positive or negative and makes an interesting board...So does that mean you're confident enough to open a short position? I personally am struggling with the negatives, the area amd geography is considered likely to hold gold deposits. We are less than half way through results and the company has already found some gold. The drilling company wants payment in shares so is confident, particularly considering the second set of shares were agreed after drilling completion. What's not to like? Open a short position if you think market cap is overpriced.

What makes you think that? I work in the mining industry.... I can guarantee they know way more than you think they do. Either way we will find out in a few weeks, you in or out?

The drillers will have an idea on if they have found gold or not before the labs. The labs will confirm the grade and quality.

I believe they will hold - after all why ask for payments in shares? they obviously know something..... gold!

Not sure what Watchstone has to do with SULA? SULA is drilling for gold? The two companies could not be further apart..

I'm focusing one the positives, extra drilling means they found something. Hoping it's huge pots of gold then the share price will really motor.

Hope you are right, but I don't share the same optimism based on the following from the scheme document. "The Sepura Directors emphasise that, on the basis of the information currently available to them, they consider it likely that if the Acquisition is not approved by Sepura Shareholders and subsequently completed, the board could be forced to implement strategic alternatives, including an accelerated turnaround plan, alternative funding arrangements or the sale of certain assets, any of which would carry significant risks and uncertainties and would probably lead to a material reduction in the value attributable to Sepura Shares."

The relevant facts are quite simple : This time last year net DEBT : £1.4m (IIRC) The last results net DEBT : £4.2m (September) Profit warning Net DEBT currently : £6.2m Unfortunately the unpleasant TW was actually correct. The company has not been generating cash and burning it like never before. The cash raise (at a very small discount (if any) to the sp now) will only keep the company afloat for 6 months at current cash burn rate. Will any institutions buy in to this, especially after investing not so long ago at 322p?

Future revenue is irrelevant the company is burning cash hence the placing...

Burning Cash like nothing ever seen, when is the placing to generate funds? Draft - I told you!

Something definitely going on, huge volume - takeover? finance improved?

I did try and warn you, but oh well let's see what 2017 holds for CNS.

Share price going down - keep buying its cheap :)

Expecting a decent rise, with results due on Friday

Wasn't a try at all.............. how about this for a real attempt based on facts!! The company served up pretty atrocious half calendar year results and a profits warning on 13 September. At 30 June cash was $8.693 million but net current assets were just $6.299 million and there were non current liabilities of $1.179 million. The first half underlying cashburn ( that is to say operating losses plus capitalised costs but ignoring working capital movements) was $4.2 million and there was a very stark second half profits warning. So by the year end net current assets will be well under $1 million. Buy more shares if you are confident - I dare you!