Member Info for smasher

I do think talktalk will come back strong as will bt but that's just my opinion and time will tell as always.

So talktalk needed between 6 and 8 thousand to take up the first phase and keep the cost below 500 hundred pounds per home. This is part of what I do for for a job and I can almost say it's impossible to achieve due to a minefield to get round , the cost to put any format of duct or pipe in the ground is around 50/ 80 pounds a metre in tarmac which includes reinstatement and slightly less than 50 for grass or soft. And that's before you even get to the premises.

Talk talk do not have its own fibre network at all, as BT chairman put it out there a few months ago that these companies have had since 2009 to put their cables in the ground . Funny how they haven't taken it up due to massive cost to do so yet dido harding just complains none stop about bt. How about talktalk putting in some network and other providers as well instead of the complaining . As far as I'm aware talktalk just piggyback other networks. One exception is York and not doing well at all. 2 Years On – Waiting for Sky and TalkTalk’s 940Mb FTTH Broadband in York, put in Google at take a look. Back then the somewhat experimental project, which aimed to test cheaper methods of deployment (e.g. micro-trenching), envisaged connecting its first customers in 2015 and then eventually rolling out across the entire city (approx. 80,000 premises). All of this was also accompanied by talk of expanding the same FTTH approach to two further cities “in due course“. At the time TalkTalk’s CEO, Dido Harding, even ambitiously hinted that their new network might one day be extended to reach 10 million UK homes, albeit assuming they could keep the build costs below £500 per home passed (excludes the expensive cost of connecting the final drop to individual homes) and deliver strong uptake of 30%-40% (easier said than done). Since then Dido has perhaps been somewhat more distracted by issues of network security. Otherwise the rest of 2014 proved to be a very quiet, until May 2015 when the new joint Ultra Fibre Optic (UFO) brand for the network was launched and this was followed in June 2015 by TalkTalk’s first prices (here). Sky followed this in September 2015 with their own prices (here) and almost immediately after that we saw the first trial users going live (here and here). Since then the last official update, which was made by TalkTalk in November 2015, suggested that the ISP had attracted 262 triallists and 3,328 homes were now covered by the network (a long way short of the expected 20,000 for Phase One).

So gold pour could come any day now, looking good and best of luck to you lth.

Hi mate, Could you give me a rundown on this company please . I started some research and like the look of it so have put a small amount in. I'll start researching the crap out of it over the coming days . Thanks.

Resources and production facilities (post refurbishment) are sufficient to double production for further $4m investment”. This additional investment is expected to come out of cash flows generated from the first phase production output. Known resources indicate an 11 year mine life. The various metals being mined are equivalent to 6% copper or 10g/t gold. The plant to extract the main minerals is in place and comes with the deal. I know someone who asked an analyst to scrutinise the Romanian figures. The outcome was that it was difficult to come up with an IRR of less than 50. My rule of thumb is that anything higher than the mid twenties is exceptional. The way Biata Bihor will be run will include some improvements in working practices that will bring further benefits. For example simply putting the viable ore through the plant rather than all of it will increase the already high grade (6% Cu equivalent) even further. This isn’t just creaming off the good ore. Under state control all the ore was out through because no one in charge asked th By X Scream 179

I am a new poster to this board. I don’t post a lot but sometimes I have something to contribute. I tend to hold for long periods. By way of introduction I first invested in AFCR about 9 years ago. I have long been interested in the potential of Zimbabwe and have spoken to a number of people who travel there. I invest in a small number of stocks and know a lot about those that I invest in. I have met Roy Tucker, Mike Kellow, Andrew Cranswick and recently Roy Pitchford. I believe this is a good time to be in AFCR with much of the available information looking positive. Expected cash generation from Zimbabwe: “The Company remains of the opinion as previously announced that the finance introduced into the Joint Venture will be sufficient to commence production at Pickstone-Peerless within eight months at a provisionally targeted run-rate of ore production of 10,000 tonnes per month.” 10k tpm at 5g per tonne /32 g per oz = 1562oz per month x margin of $450 = $703k/month = $8.4m pa. 50% share to AFCR is $4.22m pa = £2.7m pa. Cost of production at PP has previously been quoted as $600-$700. It will take 2-3 months to build up to 10,000tpm. The necessary machinery has already been ordered. Note that Grayfox the new Zimbabwean investors own 50% of Pickstone, Peerless and Giant the rest of the Zimbabwean assets are 100% owned by AFCR. The known orebody at Pickstone Peerless has higher grades at greater depths. There are several avenues open to the company to increase production once capital is generated from early operations. It would be fair to include at this point that there are significant political risks in Zim however I think this is clearly reflected in the in the modest market cap. Shares being traded in the market: Brimfell sold their 29% holding. The buyers of this stock over just 4 days paid 1p to 1.3p. I think it would be unlikely for them to become significant sellers with the addition of the Romanian project. There were very high volumes traded around the time of Zak Mir’s potential 25 bagger article however current holders will include people buying in on his recommendation with the hope of the share price multiplying to an assortment of levels above the current price. The shares from the placing are non tradable yet. I don’t think those who bought in on the placing will be planning to sell for a modest profit at around current levels. Why be tied in for a period for .01 or 0.2 of a penny? Romania: As per the last RNS there are some legalities to be confirmed. Once the legalities are sorted out, estimated Jan, it will take three months to restart the mine and possibly a further three months to increase throughput to 10tpm. By this time annualised free cashflow (after tax) is described as $14m-$15m. Noting cashflow is not profit I think the profit to AFCR would be £4m- £4.5m pa from mid 2015 from Baita Bihor. This is my rough estimate not a company figure. “Resources and

Gold Output for Small Scale Miners Doubles OUTPUT by small scale miners has almost doubled in the last two to three months due to increased monitoring by government, an official has said. BUSINESS REPORTER An official with the Chamber of Mines of Zimbabwe said the country needs to ensure that gold produced by more than 400 milling plants in the small scale sector is sold through the approved marketing entities. “With increased enforcement and monitoring recently introduced gold contribution by small scale miners have increased from about 250kg per month to over 400kg per month in these last 2 to 3 months,” the official said The official said in order to increase output from small scale miners capital is required to mechanise their operations. “This means to access capital small scale miners have to formalise and register their operations. I am aware of collective action involving the government through the Mines and Mining Development ministry and other ministries, Chamber of Mines and other small scale miners are working on various facilities for small scale miners to access such funding equipment and basic safe mining skills,” the official said. He said since the introduction of the channelling of gold through Fidelity Printers an increase of 200kg per month was realised and this means 4,5 tonnes of gold being contributed by the small scale sector. “I think deliveries are likely to increase further as medium term and long-term measures associated with formalising the artisanal mining activities and capacitating them are implemented,” he said. Mines minister Walter Chidakwa’s recent remarks that there are serious revenue leakages resulting from side-marketing of gold especially by small scale miners and the government had adopted various measures which include greater police presence at mines and milling centres to force miners to sell to Fidelity Printers. The drastic measures also include instructing the Zimbabwe Electricity Supply Authority to disconnect those millers who are not licenced from the electricity grid.

All Good fun of course and no malice intended towards this chaps.

Come on buddy a penny for your thoughts on the proposed acquisition of the Baita Bihor mine.

'Re76 your back, Castaway without a shadow of a doubt it's him. I've so missed his humour.

fantastic news, now let's wrap up the mine as soon as possible, I think news will come on that very soon .

Yes they are just letting Mineral Mining know they will proceed with the 68% stake in the mine and get ready to open the gates as we are on the way.

After hours Rns anybody or tomorrow.

All them trades then bugger all for 2 hrs.

Yep certainly have me old fruit and just a case of waiting for this to pan out.

Company emphasises that due diligence is yet to be completed, does anyone think this should be completed by now.

Rigger and that's without the massive upgrade that will come with this mine and it's all there if people take a look and do some research. Like I said just how big is this mine.?

Just how big is this mine overall I have yet to find out and maybe someone can find this out, one thing is for sure we are getting an absolute bargain for just over 3 million to purchase and start the mine up.the local workers of the mine in 2011 couldn't believe it was being sold for 15 million dollars what do they thing now. If we can get this mine it gives the locals the chance to work at the mine again with huge knowledge they will also be a great asset to have onboard.

It certainly is a great point, the Baita Copper mine looking at historical data will need more money to bring it up to speed but that will come as we start generating a cash flow from start up plus drilling for new resources within the mine especially at lower depths all costs but the upgraded resources could be absolutely massive . Zimbabwe is a total different animal having to give away 51% of assets to locals before you even get a chance to go into production so I personally think any profit from Baita Bihor will go on other projects in Romania and after 2 years of talking they are in a fantastic position to take advantage of that, another point is after doing research the zim government they are about to start punishment on mining companies that hold any assets for so long without investment in the mine, they will bring the mines back under government control as they have clearly said they want to up production in all mines where possible , my worry is can the government do that and to be honest I wouldn't bet against it would you and if not under gov control then what? Share price is very very hard as you know this is aim but if we can get both mines working and up the production on one if not both I think it could well reach that figure on absolute full production which I think on baits Bihor was 120000 tons a month alone. Also is it just going to be copper and gold or everything once they get things up and running at the mine? All in my opinion of course.