Member Info for sj74

Your probably right mate. Im not to sure on that side of things. Seems a good enough reason. Cheers.

Yes a bit strange that one? surely no one would pay £9 because the costs would be about that aswell.

Did you sell this morning when it was at 1p? Didnt realise you had gone out.

Delayed trade then from 8 this morning.

Exactly what I thought. Nothings changed.

Yes I believe it is. This companies transferring to a gold explorer from a previous medical background. (Totally different I know but a change in strategy from the board). All were waiting for is that licence confirmation so that we can go off drilling then the market should start to realise. I think this is still under peoples radars and so far its just hearing from other people on different BBs. I got my tip off a very knowledgeable chap over on ADVFN when it was at 0.49 and after doing the research Im quite confident It is a high risk/high reward type of share. GL DYOR

I ment to put this on: Have a read. http://www.marketwatch.com/story/reservoir-capital-corp-agreement-completed-with-orogen-to-advance-deli-jovan-gold-project-in-serbia-2010-10-21-73160?reflink=MW_news_stmp The other ink is also a good read about the deli jovan mine.

This is why I suspect. http://www.reservoircapitalcorp.com/s/DeliJovan.asp If drilling is to commence in a few weeks then the licence must of been acquired. All were waiting for is an imminent RNS from MVC to announce this. They could be waiting till monday as maybe the licence is complete but just waiting for the formailities. (Pen to paper etc.) Also we may get a bumper RNS to mention the drilling, licence acquisition and new website.

Yes mate up and up it will be as in the news it says exploration to start in the next few weeks therefore licence transfer must of happened and all were waiting for is the RNS from MVC to confirm that.

Theres a good chance of that in 6-12 months providing licence gets transferred which is imminent now. Investor interest should start to increase once the licence transfers into MVCs hands. then this will derisk the lot quite a bit. Just waiting on the Serbian government, any day now.

Yes once we get the RNS of the licence transfer then up and away IMO. GL.

and RNS must be imminent for this. This may be because of the rise. http://www.marketwatch.com/story/reservoir-capital-corp-agreement-completed-with-orogen-to-advance-deli-jovan-gold-project-in-serbia-2010-10-21-73160?reflink=MW_news_stmp

It will be soon enough. The company is transforming to a gold exploration company and the website of the company hasnt been updated to reflect this yet. When it does then increase in investor interest!

Going through. Maybe not as we expected but good in the medium/long term

At Gold of $1300 /oz Silver $23 /oz Copper (projected) $4 lb (read the FT article I posted earlier) Annual cash flow of $43m (thats including the 25% gold impairment) And annual capex costs of $28m Profit of $15m, or £9.5m (exlcuding tax) £9m (including tax, please correct me if I'm wrong, assuming 5% corporate tax) With 'proved and probable' resources totalling: 24,000 tonnes of copper (of which 17,000 is proved) 115,000 oz gold (of which 67,000 is proved) 535,000 oz silver (of which 343,000 is proved) And "of primary interest is the down plunge extension of the 1807 zone that, with a modest investment, Rambler’s geological team believes new resources and reserves can easily be added to the existing mine plan. Sustaining these rates should value the company on a p/e of around 4-8 which would imply a valuation of around 42p - 84p per share. Also "Whilst Nugget Pond was primarily acquired as a processing facility, the company recently said it was now investigating the gold resource potential within the 140L mining lease on the property which hosted a producing gold mine during the 1990s." Now we all know what the worlds central banks are up to now, vast scale money printing which is not only inflating our debts away but also inflating 'real' assets. Currencies are struggling to devalue in order to once again become competitive to fend off the thing governments fear most - unemployment. This and the global back drop of mass consumption paints a fanciful picture for commodity investors.

you seem clued up on rmm. Why do you think the share price didnt rise substantially given the volume of 2million plus was at an 18month high? And should this bode well for mondays trading?

is that 150000 sell what was holding it back just come through as delayed?

lol just got it.

Predictions anyone?

does TWOT mean