Member Info for savs1907

Lav - no problem - nice that there are those like yourself that are willing to post in such a way - respect.

Shareinthis
The positives:
1. The licence has now been approved.
2. Initially its for a 12 year period.
3. Its renewable in 10 year blocks until all resources are mined.
4. Lithium is becoming one of the world's most sought after minerals - we are only just at the start of switching to electric for propulsion - the market is massive.

Now all of the above is great, but to really see this share fly, we either have to start mining and selling by ourselves, JV the project, sublicense production if that's allowable under the current head licence or, after proving reserves selling the whole lot. Personally I favour either of the first two options. Going alone will mean further capital raises, more than likely by placings and or traditional borrowings. The JV option is a goer, if the JV party can bring either serious expertise or finance to the project.
The practicalities are that we are a long way from production, but that is no different to most of the fledging AIM mineral companies. The company itself suggest 6 months to update the original feasibility study - in my opinion that's not unreasonable given that I suspect the BOD have been working on this whilst awaiting the licence confirmation. Part of this will involve working out how to finance the project - again, I suspect the BOD already have some idea.

Assuming that the metallurgical tests are ok, then this can only really go one way. Without knowing what the potential quantities are in the ground, its impossible to forecast where this could go. However, assuming that it is commercially viable to produce, and from my research of the company and the geographical area, I am fairly confident that this will go into production. The share price will continue to rise on expectation of the various next steps being completed - as each one is completed, then that price will be the fall back platform to move up once the next stage is completed.
Patience is the key here, if you want to make substantial long term gains. Day traders can nip in and out for a quick10% some days, but long term, I'm not a fan of that policy. If you think you have something of quality that the world markets will need, then keep topping up - that's exactly what I've been doing and will continue to do.

Good luck.

Telprint - clearly you don't understand how the mineral exploration market works. Just take a few minutes to look at and understand the Lassonde curve - that is probably the simplest, yet most definitive explanation around. The licence is approval is one small part on the journey - a journey, which if stay the course will see you extraordinarily well rewarded. My holdings are up considerably, but I will be in this for the long term. I expect dilution along the way, but that will be more than offset by the increase in the SP.

If Ornetide is approved, this will fly - it will open up the possibility of licensing to larger pharmaceutical and bio companies as well it’s own possible production. The world market potential is simply massive - not quite viagra proportions but not far short. Initial target after approval 60 - after production/ licensing 300 - after bid 800-900.

Just MM's usual Friday games - might be a minisule rise today, but that's on 12 trades with more sells than buys - quite laughable really! Still going below .15 very soon.

Wilf - by applying some quantum maths based on where the share has been recently, the movements based upon RNS and factoring in the possibility of further positive updates, excluding the court case, I calculate a rise of 193.6% from today's price - that'll give approx. 10.129p by 31 December. That also excludes any major movement in BTC.

level 2 shows for every sell there's 3 buys - quite rare to see that even on AIM. This share has a significant way to go both short and long term.

RNST - absolutely spot on. I’ve tried pointing out the blinding obvious but those desperate to talk this tragic share up simply ignore the true facts. As you rightly say, the numbers are the company’s own - couldn’t be any clearer.

Lenin - not that accurate dear boy - RDB down 16% since they first came onto the radar.

Part of the rapid increase is simply the "herd" mentality. However, go behind that and look at what this company really does and is looking to achieve, and my conclusion is that even after the current uplift the past few days, this really is one to buy now and lock away for a while. A bit like MOS, when the next few RNS come out, it'll continue its upward trend - in MHO.

Novykluk - you are clearly passionate about this entity, but sadly I think your passion blinkers you from the totally obvious. I fully understand this company and the market in which it operates, hence my comments. There are plenty of others on here that simply post without foundation. It goes without saying, that in my humble opinion, I absolutely disagree with all of the points you make. There is little point in countering every one - I have researched RBD in some detail and my views remain the same. A minor bounce this morning, but long term I don't see a future. Sell before it hits .15 and at that point I expect the pace of decline to increase.

Lenin - not being rude, but you need to look behind the headline numbers. TNA of £47m means nothing, when £41m of that is mere speculation. The only real tangible asset the company had on the BS to which you refer was the cash - and I've pointed out on numerous occasions how quickly that is being burnt through. Sentiment is emotive - I prefer to base my decisions on facts and my numerous years' experience as an IP.

Title says it all really - burning through the cash - non performing assets - investors selling - next stop on the downward spiral .15, then adios.

£84k is a rather unimpressive amount for a quoted plc. We spend more on tea bags!

Not quite correct Lenin - whilst T/O is something to consider when a third party looks to acquire, its the adjusted NP that's used as a multiple not T/O. There are also a huge number of other considerations - P/E, cash flow etc. In all cases RBD is stuffed, given that its turnover is non existent, so is its profits. Only one outcome for this company - collapse once the remaining cash at bank has been burnt.

rollercoasters have a habit of coming off the rails! Reckon you picked the correct analogy Lenin!

in fact, having done a little more research, decided to buy a few.

Agreed - seems cheap but that's probably down to the going concern qualification on the last accounts - the Eurobond liability is a tad worrying. That said, if you fancy a gamble, this has a pretty good chance of increasing in value either because others will buy in or because they'll refinance.

You need to understand the basic principals of valuation - anyone can divide a net worth by the number of shares in issue and come up with a price per share, To fully understand the true worth of a business you need to look beyond just the balance sheet. Most of RBD's assets are unsupported - knock out goodwill, knock out investments in associates, factor in the loss making activity and add in what has yet to be done to generate a positive cash flow and the true share value is negligible. We'll all have different opinions - that's what this BB is for - the expression of opinions.

Rick - better walk away with a few pennies now, even at a loss, then nothing when RBD goes pop.