Member Info for Sherloq

I've been waiting on KDR for over 2 years... I hope you're right! Anyways BOD is looking good, might rise a little more on this but the pile in (or exodus!) will come when the results of the Kimberlite are released.

oops sorry about triple post

I don't think this will boom tomorrow... quite the opposite. Given the sentiment traders will want to be out of it during the weekend. I'm thinking I might still have a punt at it... but will see what it looks like in the afternoon.

I don't think this will boom tomorrow... quite the opposite. Given the sentiment traders will want to be out of it during the weekend. I'm thinking I might still have a punt at it... but will see what it looks like in the afternoon.

Taken from the Annual Financial Report - Tue, 27th Jun 2017 11:03 - RNS Number : 2948J "As of 2016 year end, proceeds from the sales of Victory and JXT investments have been coming in on time, and cash had grown to RMB 140.8 million. As of the end of April, funds continued to arrive on time and total (unaudited) cash was RMB 221.2 million - approximately £25 million." Key word here being "unaudited". However that does not mean it's not there.... hence why this is a punt,

Now is the time to place your bets... As soon as an RNS comes out this will either tank and die or shoot up to the stars!

Rock Forage have put their reputation at stake with GSR. They could've got out of the way a while ago if they didn't believe there was value somewhere here... There is gold and diamonds, they have been finding them, but they just haven't struck the motherload. Question is can we strike before we run out of money? If not, will the company be able to raise more cash?

Either ballsy or in the know

It's more than that if what they RNS'd is true! Stocklfare shows £16m cash, but it could be £25m + £6m... Not sure I agree with those stating that if it's in an RNS it must be true, I can dig out loads of examples when this was not the case... also the RNS itself states the £25m at the end of 2016 was UNAUDITED. Anyways none of this has put me off yet as it could be very juicy and will be watching closely... whatever you do don't go chasing rainbows here, its a PUNT.

RUR have just sold their Hydro power plant for $6.4m... Which they state will be used to "meet obligations". So should be paying us (IPSA) soon.

http://www.shareprophets.com/views/12994/rurelec-results-board-changes-disposal-loan-facility-but-there-is-an-elephant-in-the-room Hmmm.... dodgy RUR.

Well spotted!

*chase

... to case spikes on a Friday. I've learnt this the hard way. GLA those invested here, hope it does deliver at some point.

I like IPSA - as soon as RUR money comes in, assets are sold and we are selling power this will do well.

Yeah they chucked 10 grand in here... I really hope we get some news soon.

I posted on the RUR board :-P But yeah... we could still get a confirmation later this week claiming the payment was received.

Just keep in mind that as soon as the £3.2m from RUR come in £2.2m are going straight out to Turbocare... and then the board might also want to give themselves some of the monies they are due in salaries and bonuses (though as a shareholder I hope they wait till we are profitable again before they pay themselves). Regardless, I'm hoping the payment puts us trading above 2p...

Trying to get a sense of the fundamentals here. In the short-term we are due £7.2m: £3.2m from RUR (this should be very soon) £4m (from plant sale - but who knows how long this will take?!?) We then owe £5.4m: £1.2m in salaries and bonuses (I kind of like this... because you know they will work their asses off for it!) £4.2m Turbocare Settlement (of which about £2.2m needs to be paid immediately from the RUR money and £1.9m to be paid by end of September) So the immediate future seems pretty clear... now we seem to have another £1m or so of debt, but this is not due imminently and seems well managed. It appears we do also have some cash in the bank from the energy we are selling (probably about £4m?) but overall we are haemorrhaging about £2m a year mostly due operating at a loss, admin expenses (all those settlements can't be cheap!) and the GBP/ZAR exchange rate is adding salt to the wound. If all the money we are due comes in quick we will be in a great position, I like the look of the Board - they seem to know what they are doing and are key to return to profit ASAP (they're not even paying themselves). So really we just need to get that RUR money and sell the £4m plant and I don't see why our market cap can't be £10m (given the assets we have and we are looking to be profitable again). This is my initial thoughts... so would appreciate opinions and scrutiny from others.

that does look strange... do you see at what time it got filled?