Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes I nice surprise that rise, a little sooner than I expected.
I'm wondering, not sure how true it could be that MMs would conspire to rise the bid and ask to allow warrant holders an exit? If so we could have a nice rise pre expiry and then would then give a decent launch pad into double digits.
Interesting to see what happens now. From others I have heard from they'll buy in as soon as warrants expire.
Yes sounds about right. That order. Relaxed as to when that first RNS lands no worries at all. Even if it slipped into June wouldn’t bother me one bit at all
3-4 weeks left. Accumulate. Anything in the 6s is at 50% discount to fair value.
Look, for those that have been here long enough the JDA is a formality. Evidence points to this being finalised and signed off. It’s takes time to draw up and ratify such an agreement. This will be one of the biggest events on AIM this year. Giving 1-2 weeks before we get a flurry of RNSs. I expect an update first. Anything in the 6s is a bargain. Patience
I’d load up now between 6p-7p range ready for June. Warrants soon to expire. Then a nice March back to 9p-12p range.
shandy PANTS Different calculations ranging from 80p-£1 per HEAD - not per booking. Average booking is 2.6 HEADS. Even at your lowball figure of £1k your still looking at £300k revenue per annum which is a hell of a lot more than 95% of pre rev AIM stocks. I suspect at 150 restaurants plus ASIA that BigDish have taken more than £1k daily. Judging by the fact they declined the placing offer in the high 3s.
Nice PA today Finally people cottoning on 3p broken and left behind Aggressive roll out to come People realising the value of the tech!
Thanks So most expire in June. The options issued to board members no problem. The broker warrants; something to bear in mind. For me post June then - once that batch expires I think there’s a lot waiting on the sidelines to buy in. Cynical side of me says MM could align to create a rise in order to let warrants holders out maybe before June?
We could potentially have 30 locations by year end if we account for an accelerated roll out. That’s my estimation - considering progress since Sanj arrived and speed at which locations are being added and the speed of which future locations will be added. Sanj already mentioned Birmingham and Manchester in earlier Sharetalk event. 30 locations by year end would be great. For me when I think of JustEat/Hungry House and Deliveroo and Uber eats - it wasn’t instantaneous roll out - it took time. I remember the first JustEat adverts hitting tv a long after the app had appeared. I was aware of the app but had never seen any advertising to make sense of what the app did or was. Same with BigDish; Aidan's correct in saying that this isn’t just about restaurants but about a creating a piece of tech that works - creating a user experience that will have uptake. Everything else will fall into place after that.
Yes I would like to know number of warrants left and who’s holding them? How many of those expire in June as a %? Also - shareholder register; is it up to date? And.....Anyone know if that Myles McNulty is still holding? He’s on the register still. I know between him and Chris Williams there was a fair bit of seeking in the past.
Thanks for the clarification. I have some MKA at mid 7s but looking to add further as I believe mid 6s to be the ultimate bottom forming imo. For me that’s where we see a reversal near June as all those warrants expire and so those pesky sells won't keep hammering the buys. Fair value here is double digits surely!
cristallball
Could you clarify this; just doing some digging
Material Uncertainty Related to Going Concern
We draw attention to Note 2 in the consolidated financial statements, which indicates that the Company had
accumulated a deficit of $9,461,379, and had negative cash flows from operating activities. As stated in Note 2, these events or conditions, along with other matters, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
So this is what BMD posted on twitter from Financials Dec 2018
So, is this related to existing expenditure relating to drilling and PFS/BFS costs?
I couldn't find reference to this liability on the financials other than in that excerpt.
These liabilities aren't held on the balance sheet are they? They relate to historic expenditure right?
There we go. As pointed out, since Sanj has come onboard progress has been good. More regions added. Strategy in place. All good
1p fair value here News flow catalyst 1 - IAG announced last night Boto licence underway and reference to additional sites/expansion re Dalafin. 2 - 1267 hole drill program underway by IAG at Madine Bafé 3 - Futher results from Bibemi and Wapouze 4 - Rumours of positive news from Cameroon regarding licenses 5 - Turkey court dispute for $800k 6 - £1.7-£1.9 million in the bank No ramp needed
Comments from IAMGOLD Q1 results... “Following the completion of a feasibility study in the fourth quarter 2018, the Company has continued to optimize the design elements of the Boto Gold Project development, maintained stakeholder engagement and commenced a drilling program.” “Discussions with the Government of Senegal on obtaining a mining concession for the Boto Gold Project are well advanced,with approval expected in the second half of 2019.” “Boto, Senegal As at December 31, 2018, the Boto Gold Project hosted estimated mineral reserves comprising probable reserves totaling 35.1 million tonnes grading 1.71 g/t Au for 1.9 million ounces, on a 100% basis. In addition, indicated resources, inclusive of reserves, were estimated at 48.0 million tonnes grading 1.61 g/t Au for 2.5 million ounces and inferred resources at 2.5 million tonnes grading 1.80 g/t Au for 144,000 ounces, on a 100% basis (see news releases dated October 22, 2018 and February 19, 2019). As planned for 2019, the Company continues to optimize aspects of the project design, including an infrastructure condemnation drilling program, as part of finalizing the ultimate development plan. With the completion of a feasibility study and submission of an application for a mining concession in the fourth quarter 2018, the Company continued to optimize the design elements of the Boto Gold Project development, maintained stakeholder engagement, and commenced a drilling program with approximately 5,000 metres of diamond and RC drilling completed during the first quarter 2019. The drilling program is targeting potential resource expansion and delineation adjacent to the design pit.”
Very valid and pertinent point.