Member Info for savs1907

Finally the message is getting through - nothing but large sells today. I did say earlier that if you could get about .2 then you should. I'll revise that estimate in light of current market sentiment - if you can get out above .15 then you absolutely must. Its a one way ticket all the way down.

Yep - just as you say like Thomas Cook, albeit very different reasons why. As an IP for over 30 years, I reckon I’ve a good read on most balance sheets - on the face of it this looks just about ok. But dig a bit deeper and there’s almost nothing there apart from the cash, which they are burning through at a fair old lick.

Cloves - sadly you silly little child - you’ve missed the point. Adults post on here when they can add something to the debate about a company’s position/outlook/investment opportunities. You simply choose to make it personal - probably because you don’t understand the basic principles of investing. My apologies for lowering myself to your level!

absolutely correct. Not only are RBD’s assets limited in number, they are also of poor quality. Add in an inexperienced bod and, I agree with you - there will only be one outcome. Another AIM casualty.

Mannan - Earl Grey dear boy - a quality product - unlike this dog of a share!

Uggy - that's a really well thought out and constructive reply - you must have spent quite some time applying your single brain cell to it! I'll repeat what I've said previously - this is undoubtedly the worst investment on AIM now that SO4 has gone into Receivership. Those that failed to get out at anything over .2 will simply regret that for a long time to come.

Extremely encouraging results from the first drill, especially the comment concerning mineralisation in all directions except NE. If the other three drills return similar initial findings, then this is on for a significant upwards re rate.
No Idea what Biker is on about - seems to have completely missed the point - a rather bitter, twisted and sad little man.

And this is only the first drill - extremely encouraging - especially the comment re materialisation in all directions except NE. If the other three drills come in with similar initial findings, then this will certainly re rate significantly from its current price.
No Idea what Biker is on about - he seems to be a rather bitter, twisted and incredibly sad little man.

Nothing for a long time, then out of nowhere a fairly remarkable rise today - big question - why? More so, when in the 2020 report the chairman confirmed that the policy was to realise the remaining investments and then liquidate. - probably me an MVL. Someone's buying today.

don't disagree that they are reasonably well funded - however, they'll soon burn through that funding. There's no tangible assets supporting this business - you only need to look at the poor quality of investments they've made. Sadly, the fall today is indicative of what is yet to come. Anything over .2 and you should take the cash.

Happy bunny - you are so funny - actually hysterical. Your prediction of 4p is actually 3.7p away - which is a monstrous percentage. Made a bit of a t.t of yourself with that. This company is closer to Administration than 4p - mirror image of SO4.

mannan - very selective - what about the 12m sale! House of straw and the biggest dog on AIM

Panda - why would you think about placing when its got £6m in the bank - you missed my point entirely. You only need look at their website and the CV's of the board to understand that this is a house of straw.

Can't get excited about directors sinking £84k into a company with a MC of £17m against net reported equity of £48m - if they were serious bout sending out a message, the investment would have been significantly greater. Also you need to ask why this sum, when the company has cash reserves of over £6m. Something very odd here.

LSE at its best today - my buy at 8.57 is showing as a sell.

the aim, per the company's own literature is to produce 25,000 ounces a year from the Kilimapesa mine, which is well under way on production. Multiply that by the current gold price, assume NP at 10% and apply industry standard multiples to give you a valuation of approx. 17p a share based on 1.448m shares in issue. And that's before they add any other projects into the mix - may have to place to do so, but dilution at that stage will have been compensated for by the increase in the SP. This has got BUY BUY BUY written all over it.

They might have a decent couple of bob in the bank, but just scroll down the balance sheet a tad further and look at the level of outstanding loans. The only reason the balance sheet isn't insolvent is solely down t how they account for development expenditure. Knock that out and this is totally bust.

Just read CO's drivel from yesterday. You've obviously trawled the web looking for negative articles about MOS - quite why, I've no idea. MOS has an amazing business model - you really need to get out more CO! Whilst, on the face of it, it looks like you've done some serious research, the reality is that you've simply copied and pasted other people's articles. Thankfully you appear in be in a minority -------------- of one!!!