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thats great news so based on a 10-30% profit we could see a 1m-3m monthly profit. (Only a guess)
July isnt long to wait , only around the corner. I will hopefully load abit more end of month and bring my average down alittle as i bought in at 8p.
From what i see the prices vary with grade, quality and area its mined. So assume anything from around $50 to $200 per ton. ( only a rough guess).
Productions costs to profits we can assume 10,20,30% (only a guess).
Take the worse case outcome at 50k ton amonth and we could be at :
$50 x 50,000ton = 2.5m x 10% = 250k amth
A decent outcome :
$200 × 50,000ton = 10m x 30% = 3m amth
Only a guess at these figures but ill take a wild guess at anything from 250k to 3m profit per mth.
Hopefully its a decent outcome but you take a average outcome your looking around the 1.5m per mth.
I could be totally wrong by all this but hey its worth a guess haha
Im shocked it dipped below 6 haha Wont be long now till coking coal update. If it below 6p end of this month ill be lumping more in haha . be crazy not too
Shelley your view on odx is different to what most here see. I dont think odx is built on lies, you can clearly see the company growing behind the scenes, you can see the company advertising and trying to build and grow the company more. Colin has done everything he can to honour the govt's word and like a untrustworthy wife the govt have cheated him by extending and favouring innova before a cheaper more reliable british company.
To answer your question i think its just all unlucky.
Not only has odx been scammed by the govt but us shareholders have.
I see alot of support online for odx and people with common sense that can see we have been shafted but im going to wait for 13th july and give odx afew weeks to come up with some alternative plans to not only help themselves but all of us here who have money invested.
The enemy isnt colin or odx , its the corrupt UK govt.
We are the shareholders alliance haha love it.
in it for the long haul matey )) by time people jump on this we will be in a better postion at these low prices )
They are the same people who as kids would sit in the back seat saying "Are we there yet, are we there yet"
or at home saying " is my tea ready yet, is it ready yet?"
The same people you want to back hand across the face and shout " wait you annoying fck" haha
wow, fantastic interview. Thats given us shareholders a massive boost. I think ill top up here end of month and keep adding this year. You hear the 2 projects and look at the SP and instantly know its a massive win win here.
BUY and HOLD all year long ))))
I came here to read the rns and still see people moaning lol.
Embarrassing , do any of use actually have a life ? haha.
Anyways RNS looks good to me, possible EU/US market , trying to expand the business. I like it.
UK market is abit slow but while some blame colin and his team , anyone with common sense can see the problem is the british govt. specially as they still keep dishing out chinese crap tests as a cheap option or as some dodgy back hand deal... who knows.
Company is expanding, business is trying to expand globally , the team are doing what they can do.
Thats my 1 comment for the week ill get back to normal life while the derampers moan like old housewives haha.
yep I was half asleep at 9am lol they state end of 2021, the old RNS stated : Expanded production case targeting first gold in Q4 2021.
I guess I seen end of 2021 and thought December when in my brain I was hoping for October at beginning of Q4.
Oct/ Nov / Dec area then :P
Ok time for a strong coffee haha )
Ok so another 6 months until production underway. Had a feeling it would be a long process but am happy to wait. Glad to finally see a RNS update on the gold and very detailed and positive, so cant complain.
i saw a eagle clutching a snake flying over the hilltops , the gods favour us tomorrow. We shall be victorious....
"I look forward to updating the market on our progress at Lubu in due course and also expect to provide an update on our Mali gold operations before the end of the month."
not exactly giving investors hope here when they miss a deadline they set.
Hopefully we hear from them soon, i guess the days not over yet.
They are talking about thermal coal which is the main product of most the worlds energy at the moment and a big polution problem.
CGO have coking coal , this type isnt a problem and is used for making steel.
Steel production will increase over the years and the need for coking coal will too.
Vlad the impaler said its weekend , stop moaning about him and go have a beer in the sunshine.
--- Market is closed ---
--- Market is closed ---
Stop talking, go outside, the sun is shining, the beer is chilling.
Take a break for afew days , go get laid or if your married, enjoy the dishes.
Stop arguing.
--- Market is closed ---
monday is technically the last day. Isnt it bank holiday tho?
we have 1 sell , boom ! hahaha.
tumble weed around here lately. I think the ceo's history scares investors or maybe they dont advertise hard enough.
next week i guess ((
Fingers crossed for gold update tomorrow.
I see alot of impatient investors jumped ship but hopefully tmw the patient ones get a small reward.