Member Info for sonicboomboy

Well no wonder the 50-100p has been mooted. It's certainly feasible the numbers speak for themselves.

So we have

£10m profit
192666356 shares in issue

Giving an EPS of 5.19p

Therefore have the following SP values based on varying PE's

PE 5 Share Price 26p
PE 7 Share Price 36p
PE 10 Share Price 52p
PE 12 Share Price 62p
PE 15 Share Price 78p

Well the last 2 RNS have painted a very clear picture of the scale and size of what is about to happen.

After many months of engagement, the Company is now in the final stages of securing a revolving credit facility up to a $100,000,000 with a leading UK asset manager. The discussions have progressed well whereby the Company and Asset Manager have now agreed life settlement valuation methodologies and acquisition strategies.

The company expects to be able to complete the necessary documentation in a timely manner and looks forward to updating the market on closing of the facility.

Add in today and the fact the Track Record Review

The review by KPMG of the Performance Track Record, from its inception in February 1st, 2014 to August 31st, 2019, showed a market leading 16.26% annualised gross Return.

So the next piece of news will be the signing of the deal and a share price in a totally different place probably to 20p plus for starters.

A revolving $100m dollar facility that allows the buying power of $400m from being used 4 times per calendar year. This gives $6m of commissions on a 1.5% commission fee basis plus BONUSES of $800k for every 1% above the hurdle of 7%. (20% of the profits above 7%) We now know the fund performs at over 16%, so 9 x 800k give $7.2m in bonuses.

Total figures on a $100m facility as described above give $13.2m profit per year or £10m

Why do I make a prediction of 20p plus you might ask? Well its not hard to see why MCAP around £3m, well its currently ludicrous!!!

First stop 3.6p IMO.

Company have aspirations of a 80-100p SP - downtrack.

With the figures released today that's not hard to see why.

LB,

Look at couple of months out and read the last 2 RNS'. You'll be able to sell at 10-15p soon. I think you''l find some new II's adding in soon creating some TR-1's - no doubt IMO.

This will be in double digits come the New Year.

A lot of carp being spoken about. Anyone experienced in the Stock Market knows a placing for 164k is but a mere drop in the ocean for a 4m MCAP company is 4% dilution.

Now anyone who want to mysteriously comes on these boards and make out its something its not is transparently wanting lower. Easy to see.

Anyway, that quashed the news is a staggering 16% plus growth. think of those bonuses. 800k for each % over 7%....very juicy.

My own thoughts are Diamonds are probably not going to be MoA'd now untill next year. I personally expect a small placing now. Price action suggests as much I expect we will hear on that later in the week if that's correct. I expect that to be at 0.25p.

JORC on BP looks like will be published sometime around the end of Q1. By which time we will almost certainly be moving our production figures on at BP and have an MoA in Zimbabwe.

Agree with other comments the team at BP doing a great job restoring the old equipment. Fantastic achievement, it really is.

Over both jurisdictions we are looks like June to August to really be ramping up to full production.

Technically we are say right on support but I'm expecting the low, IF, it goes there to be 0.1949 and the 200DMA.

Overall, it's all about 2020. Sometimes in January the MoA will land and fire the price up and thennwe should see some steady gains into June/August and full production.

Well those are my thoughts, rightly or wrongly guys and girls.

....has changed here now. Expecting some strong movements over the coming weeks.

That would be telling :-)

....not been filled yet.

So looking now for the next higher high - somewhere around 3.9p.

Looking like some new carp have decided to swim in the goldfish pond, everyone now scrambling.

Onwards, and upwards from here all.

Well, well, well.

Anyone for news. Im going for extremely soon.

Chompers chomping...lol.

...is about to change. Think we may see a whipsaw as some are caught out not being positioned quite where they wanted to be.

And actually bring in some cash, ypuve had long enough.

I believe there is some accumulation going on in the background.

Clear to see where this now is going. 30% holding, obliged to make an offer form the company at VWAP of the last 'x' period is my guess.

OW,

As you know they are finalising the facility that will capture $100m AUM with a buying power of $400m, revolving.

$6m in commissions potentially a year and an extra $800 for every 1% over 7%. 10%-14% is where it's aimed to be. 10% and we are virtually earning double our MCAP.

No brainer.

Might be worth continuing to monitor this large theory as I'm hearing could actually be true.