Member Info for savs1907

Well explained Pete. It still amazes me that there are some on here who do not understand the difference between revenue and profit. If this was such a great result, why did the company not provide further details instead of just dropping in a headline number for revenue. They could quite easily have posted what the net margin was on that revenue. I suspect the answer is fairly simple - it probably still lost a significant amount of cash in that period. What will be interesting by way of RNS will be the accounts at 31 December. I'm expecting them to show a further loss.

Been invested here for a while and extremely happy with the recent news and especially photos of the core samples - very impressive. Looking forward to the results soon, which in my opinion, based on those photos and knowledge of the area, will be pretty exceptional. At this stage, we do not have sufficient definitive information to form an accurate view as the total resource but the consensus seems to be that its somewhere in the range of 250,000 - 350,000 ozs.

Using an industry wide net operating margin and based on today's price of just over £3k an oz, that would give an NAV in the range 12.9p - 18.1p. Very simple sums I agree, but this is one method I use when looking at companies. I suspect, that there is a significant re-rate on the way here.

Despite James T's efforts to divert attention away from this issue, further significant dilution is likely. It'll either come from the conversion of the warrants at 4p or, if they don't convert from a further placing. Any placing would have to be at a significant discount to the current share price, hence, one of the reasons why the SP continues to fall.

James T - I'll happily discuss the "income boost" that you refer to - I have previously discussed this. Again, this shows your lack of understanding of finance and business generally. You can boost your income all you like, but the company is still loss making. Its profit that shareholders are after and so that you understand this, I'll explain it very simply for you. Profit is derived when sales income exceeds all costs - it really is that simple dear boy - surely even you can get that!

Poor old James T - he just doesn't understand business. If the 4p warrants are converted, then the company will receive some cash to carry on trading - it will need extra cash firstly to plug the gap whilst the losses continue and secondly to fund the sites that it wants to develop. The problem with converting the warrants is that it will massively dilute the existing share capital, which in turn is likely to further depress the SP. If the warrants don't convert, then the company will need to raise more cash, probably through a placing. Either way, there will be a significant dilution of the current share capital. Those are simply the facts and the reality of the situation.

Didn’t have the warrant problem a year ago so irrelevant

Investor - no manipulation dear boy - it’s an absolute fact. £1,000 invested in this company 3 months ago is only worth £142.21 now. That’s approximately an 85% decline. Imagine where it will be when the remaining 242m cash warrants convert and massively dilute the current issued share capital.

No BS here - just for Cando, I’ll repeat a totally true and simple fact -£1,000 invested in this company only 3 months ago is now only worth £142.11. No BS with that Cando - absolutely true.

Agreed Pixels - it’s not even a day trader share. £1,000 invested 3 months ago is now only worth £142.11.

Yet another day of catastrophic collapse in the SP with heavy selling continuing towards the close. Doesn’t bode well for next week. Almost certain to fall back below 10p. “Wouldn’t want to be in this over the weekend”!!!

The only 3m transaction I can see is a sell at 11.22.

James T - I'm starting to feel a tad sorry for you!!! That's another shed load of cash you've lost. You really ought to pay attention to those who have researched the company and not simply relied upon random postings on X, Google or wherever you get your rubbish from. Its ging to close below 10p today.

Yep -he’s previously told us that his average was 18.80, but that’s BS given that he first started topping up at over 50. Then he told us that he made £200k last year trading - more BS. And then he told us he’s ex city - even more BS.

I wonder if James Trader topped up again today, more so that’s it’s collapsed to below 12p, closing at the day’s low of 11.5p. No doubt he’ll cut and paste his standard manta - Google, Microsoft and 50b. Failing that, he’ll possibly suggest that it’s all the fault of the MMs manipulating the SP to close out short positions that only exist in his mind!

James T latest post - what a surprise! I did say yesterday that his next post would be about Nvidia, Google and Microsoft and all those billions being invested!! He is just so predictable - simply cut and paste the same old rubbish! No doubt his next post will be "topped up again"!!

Reckon it could close below 12p today.

Investor - yes we have - it’s in the recent RNS.

Investor- “we’ve always said it’ll fall whilst the warrants are being exercised”. Who is “we”? Most of those ramping this dog have consistently denied that the warrants are an issue.

The other point is that the share price is collapsing whilst the warrants aren’t being exercised. There’s still over 300m warrants to exercise. Only around 50m have so far been exercised. That’s 6 times more warrants to exercise than have already been exercised. Imagine what that level of dilution will do to the SP.

It'll be interesting to read James T and his motely crew's posts after the close today. They'll no doubt completely ignore the catastrophic collapse in the SP today and suggest that a fall is not a bad thing! They'll then go on to post about Nvidia, Google and Microsoft and the £50billion available. All the while ignoring the facts. I'll be watching carefully!!

Subush- actual shares in issue now total 83m. There’s a total of 242m warrants at 4p yet to convert. That excludes the prepaid warrants which total 62m.

Dropping like a stone. Not surprised now that James T has stopped topping up!!