Member Info for Silverfoxchef

And yet we can’t earn a penny.

Something seriously wrong with this scenario.

All the time we are burning through cash stockpiling a product we can’t sell.

No wonder punters jumping ship.

Chef.

Mymy,

I concur your thoughts entirely.

57% down in a year.

Bernard needs to pull his finger out and get this sorted asap.

And before anyone jumps up and says he has a vested interest I seem to remember most of his shares here are freebie’s or purchased at a massive discount.

Whilst this trundles on he is earning a good wage regardless of the deteriorating sp.

Shocking tbh.

Chef.

Matt,

Agree something wrong here now.

No way is this normal working relationship.

I wonder what else Bernard is not telling us as he does have a history of radio silence being awful news to come.

Just look at the sp,diabolical.

Chef.

Oneandonly,

What’s a few more weeks?

We have been saying this for months on end.

A line needs to be drawn in the sand and Bernard should come out and say exactly what the delay is.

Tantalising close does not stop the sp from diminishing daily.

Chef.

Agree Rotter,

We do all want this to succeed.

The slide in sp and radio silence just need answers from Bernard.

Best wishes,

Chef.

Starting to get concerned regarding important information we need asking.

No cashflow is a worry.

53% down on the yearly sp.

12.5% spread.

Sales 15 x buys today so far.

And still radio silence from Bernard.

Concerns plenty here.

Chef.

As an observer I would just filter Bfd investor.

IMHO he is just here to pick an argument with anyone,his posting history is full of it.

Everyone knows you are a respected lth here with serious investment.

Best of luck with your investment,I also feel your pain regarding the stagnation of progress here.

Starting to feel like we are getting stalled by Mali government now deliberately.

We have no income and they are very aware we will have to dip into the second tranche of $7.5million loan soon paying extortionate rates.

Chef.

The calculations suggest that suay chin have over 2 billion shares to dispose of still according to the latest holding rns.

Seems reasonable to assume they would sell a higher volume should the market allow.

Unfortunately it doesn’t look like anything will lift the sp as they simply offload more.

Chef.

Scary thing here is that you guys don’t see the problem.

You seem to pick on my views as a pack in order to reassure each other which is your entitlement and I respect that.its a good job I don’t engage with the personal insults like you do.

Everyone has an opinion which is our right,treat others as you wish to be treated.

My view is that our sp is already on shaky ground and a sudden sell off in the markets won’t help stabilise our diminishing sp.

Each to their own.

Chef.

back to the 0.1’s i fear as the **** falls out of the market on this news.

chef

Clearly agree with you there Roger.

Bernard needs to step up or move on.

Shambles to get to this situation.

Chef.

Another week goes by and zero progress.

What a shambles this is turning out to be.

Talk about milking it for his wages.

Well at least£8k consultancy fees paid to Bernard at least he will be happy.

The guy needs a good kick up his backside.

Chef.

Big,

Just very weary of Bernard and his delays and radio silence.

He has a reputation of missing deadlines and I don’t see what is the major delay.

Surely it’s in the best interests of all 3 stakeholders to get this sorted,there is nothing on its way to port in preparation of export license granted so how long and how many trucks are going to be needed to send first shipment?

It’s going to be months minimum to transport product.

Chef.

These delays are concerning tbh.

We all want this to succeed but can’t help thinking there’s more than meets the eye going on here.

Chef.

This is seriously taking the mick now.

What the heck is the delay?

Are we about to get turned over?

No income on the horizon.

Exec

Well as we start a new trading week the big question is will we get that elusive export license which will allow us to earn an income?

So much cash burn here with the plant running 24/7 and our bank balance won’t last forever.

Let’s hope so otherwise we are getting taken out on the cheap!

Fingers crossed guys.

Chef.

Bfd,

Poor taste my friend trying to pull up speedy on his post.

Speedy I know is a lth here and no mug and he has manners unlike yourself.

The market has a different theory to what you are experiencing through those rose tinted glasses hence the very poor sp.

Shocking way to end the week here back in the red.

Hope all enjoy their weekend.

ATB,

Chef.

Humster,

Good point I agree we know we are on the hook for the first $7.5 million loan,

What we don’t know is how much of the second part of the loan have we used,does the company have to legally rns it as it’s been disclosed already.

All this mining and wages does not come cheap and with no income we unfortunately can’t last forever.

Chef.

Let’s have a brilliant final day to the week and try and end on a high note.

Bernard let’s get this export license sorted then we can earn a crust.

Our bank balance won’t hold out for much longer and how much are we paying for that $15 million loan in interest payments?

Was it 15%?.?

Kod and chips anyone?

Chef.

Any sign of our export license yet???

Our cash balance will be dwindling heavy now with all this cash burn.

Chef.