Member Info for spoon_key

Sorry but I disagree in regards to how long it will take. The RNS states "An update will be provided in due course on this review and Ovoca's plans for a full resubmission for MA in the Russian Federation." This to me says that it is atleast going to take the same amount of time if not longer than the year it took from sunmission to decision based on what they now have to do and how long it took for the decision to be made? This could now easily take the company into 2022 before drug decision after being re-submitted, this is not going to happen quickly please realise that.

After saying that the one thing people should now take note of is the sp is being held up by the money and shares in Poly OVO own which is a good thing BUT this is money now going to dwindle down quite a bit to cover costs over the period until the approval/denial comes again.

I just want to point out that I dont ramp/deramp shares but I do like to give people a view which may help but dont take anything I say as a reason to buy or sell its all just my opinion which to be honest mean nothing in the scheme of things! You should defo research what Ovo has and what could happen in the next year or so by reading over the RNS's. GL to all that decide to stay or decide to buy in, I wont post again to be fair to those that do hold.

Just to note for those who say Palladium could half in price then I could use 40m oz as the figure which negates that by more than half :)

My sale price used to be 30p/36p based on nothing other than pessimism so I've decided to revise those figures now based on current sp and what we know. This prediction is literaly just me messing about with numbers that I do not have a clue if are correct so are more for fun than anything else. I also prefer to keep my feet on the ground but dont mind being swept away if my prediction is way out come final sale! There are also way more intelligent people on here and elsewhere with better predictions and reasoning/figures so take this with a massive pinch of salt! Its just some fiction to read!

I'm basing it on 15.5m oz as that figure for me is the figure which is fair to use as, unless someones been and stole all the metals, we are 99.99% certain to have at a minimum at MT. I know RNS and websites show figures up to 40.3m oz but I want to keep a more realistic/pessimistic head on. Also just because there are 15.5m oz doesn't mean every last oz would be mined. I honesty cannot see the BoD using a lower figure for the sale as this figure is almost a cert but wtfdik!

The £1000 per oz profit I'll use is a wild guess and based on palladium only price to use as an average price for all our metals as some such as platinum are lower and some are higher, I have mentioned before I have no idea what the profit is for each oz and if anyone could give me some info of what that actual figure is I'm open to alter my prediction :)

The 10% is again a massive guess as I have no idea what companies pay % wise to the sellers?

£1000 = £1545 - £545 AISC (£545 AISC is likely higher than what it will be as MT is known to be one of the cheapest areas to mine PGM's) Based on Palladium being £1545 (£230 buffer from current price of £1775)

15.5m oz @ £1000 per oz profit = £15.5b

We get 10% of that as a sale price from the buyer so £1.55b

80% of £1.55b = £1.24b

£1.24b = 45p sp *NEW PREDICTION*

For every £100 price change to profit per oz = +/- roughly 4.5p to sp

Please feel free to destroy my prediction either way good or bad but *Disclaimer - These figure should NOT be used to help you decide to buy or sell, you do so at your own risk and if you go by anything I say you need your head looking at! :) Enjoy.

Imo we wont sell for £10b, not a chance! What evidence do I have? The RNS and website that state 40m oz of PGMS? I dont mind being corrected on that 40m figure though but £10b = about £3.60 I mean come on eh! I'd love to be wrong though I honestly would as that kind of offer would be seiously nuts for my wealth!

I've also noticed a bit of a pattern with some holders, they seem to attack ANY sort of comment that could come across as negative, I think its for one of a few reasons, the comment made was actually stupid or they are worried incase the sp drops, the latter of these makes me lol because in the end its the sale price that counts, nothing more nothing less!

I read RKsigmas posts earlier today and was amazed at how they got attacked for suggesting that the sale process could take longer than some presume, guess what IT COULD! We could also receive an offer price next week, no one on these boards knows when it will come no matter how clever they think they are! Yea, yea the lawyers are involved which is 100% a positive but why in the f*ck is it deemed as derampy for saying it could take a little longer than some presume? Thats stupid!

The sp will do what the so does but in the end its the sale price that counts and when that drops hopefully we will all be laughing, one thing it will do for many of us is it will have taught us how FSP's work and what to look out for in RNS's assuming we are in another share thats being bought out.

I wont post here much anymore unless I buy back in, I understand holders dont like constantly reading bad messages about the company they own shares in and I get why, I just wish to f*ck LC could get something right for once! Hopefully he will?

Its the delay after delay after .........well you get where I'm coming from. It breeds mistrust in what LC says as he says one thing then never delivers. When I read that RNS I wasn't overly surprised but reading more it just came across as he knows there will be no deal in place come end of Nov? Maybe just reading into wrong, I also worry about the venture as a whole as could the JV partner not just cancel the whole JV agreement? Maybe someone with a bit more knowledge in this can explain if they can?

Exactly Sensa, the RNS smells of even more delays, I give LC some credit for that because atleast he is sort of giving us a headsup that delays almost a cert again this time wereas in previous RNS's he basically promised it would be done by today! I do wonder why the JV partner keep hanging on to Kat as a partner, it does come across as odd as surely if its that good of a project then the JV partner could have got rid of them now and went it alone? Something just doesn't add up but maybe thats just my anoyance at him screwing up once again with a dealine! I'll keep an eye on the sp and see if theres an opportunity to get back in but I wont be taking a punt here unless the sp is far lower than it is now which possibly wont happen. Also gutted but we live and learn!

Great professional update unlike that shower of sh*t KAT! No worries in holding this for me even though there are still factors that could hinder us, Covid, Economy, US election etc but the fundamentals here are great and once the licence drops the only way is.............well ya know! Greenlands government have to be one of the best governments going!

Is there literally anything the numpty in charge can get right? So now we have to hold until end November and for what? For him to say another delay until whenever, that RNS stunk of it! Ah well this is the fun we have buying shares in risky companies!

As a side note some of you should take a look at BlueJay Mining (JAY) Far better prospects and with a big final quarter coming it could make some of the money being lost here back. For a waaay riskier share try Ovoca Bio (OVB) It due an approval/denial of a female version of Viagra any day but again very risky! For all those that dont like ramps/pumps or whatever of other shares on here I apologise but we have to try to claw back some money somehow!

Good luck for everyone else still holding until Nov, watch for the spike nearer news and then decide to gamble by staying or get out before the more than likely 4th delay!

Just make sure you all dont get nerves mixed up with negativity please! I hold and I'm nervy, LC doesn't have a great track record and the deadline is tomorrow and I would like to make some money not loose it! I know we only loose if we sell etc but if he doesn't get a deal over the line I dread to think what will happen to the sp! BUT, and this is why I still hold, if he does manage it we will all be laughing :)

I understand where you're coming from OS, you've obviously been involved with Cap-XX far longer than I have and obviously have been let down on some occasions but that could probably be said for nearly every company, you only have to read the boards of other shares to see that theres always atleast one person with a grudge or negative outlook and some rightly so, but some do end up turning into decent money making companies for us investors. I just hope thats what happens here but have no doubt that things can go wrong with any company no matter what they say in RNS's, I just have a feeling that things here will be good in the months to come, only time will tell.

Thanks for the reply

Wtf! Did they read my post and decide to spook the f*ck out of us!

I agree in what you are saying OS but would you agree that the coming few months could be a good time for Cap-XX holders?

The last RNS stated:-

"Total project costs remain on track and are currently forecast to be less than the estimate of A$5.3m provided in November 2019." Money possibly saved.

"The Board expects to receive a payment currently estimated to be A$3.3m from the Australian Taxation Office in Q4 2020" More money for the kitty.

"Trading in the period since 30 June 2020 has been strong, with the current sales order book being over 50% higher than this point last year. Total Revenue for the first quarter to date is over 10% above last year" Possibly more money for the kitty.

"The Board remains confident that the Company has sufficient cash to complete the integration of the ex-Murata customers and manufacturing assets, which is expected to result in a significant uplift in revenue and positive cashflow from operations in due course" Even more money!

Be honest, surely even you can see that theres a good chance of positive news to come from now on?

Wish I knew the timeline for drug approvals in Russia! Its been a year this month since applied for so hopefully not to long to go before we find out if we make more money or loose!

I disagree for this reason, if it was dead in the water then the sp would be sending us signals as much as it would if a deal had been struck, which is why I imo I think it will be delayed OR no one has a clue lol other than those in charge!

Credit to bigboyblue on ADVFN for the info below, great news even if it wont be October!

Https://naalakkersuisut.gl/da/Naalakkersuisut/Nyheder/2020/09/2509_aabningstale

Yesterday Kim Kielsen gave his opening address to the autumn session of parliament. Amongst all the blurb about covid, unprecedented times, etc, it included this (English translation): "Never before has it been more important for our country to have new and greater revenue opportunities as now. We at Naalakkersuisut are happy to see that another mine is being opened, as Naalakkersuisut has granted an exploitation permit to Tanbreez in Killavaat Alannguat (Kringlerne) in South Greenland. This new exploitation permit is the sixth in a row, two of which are already being mined. These exploitation permits ultimately create new jobs and provide revenue opportunities for our country. A new and promising project that will soon start is also Dundas Titianium's project in Moriusaq in the northernmost part of Greenland. The Naalakkersuisut expects to grant them an exploitation permit before the end of the year. The consultation process around the project has gone well, and the project provides new and promising opportunities for development in the Qaanaaq area. It is important for Naalakkersuisut that the available information we have about mining must be unambiguous, and we are very aware that the service to them must be optimal."

I haven't got a clue lol! I'm here for the sale, I understand what EUA own and what we could potentially be worth but I have no idea what to expect from the ints! To give an answer that is probs wrong, production details from WK due to the £10m upgrade and how its going considering they got rid of the contractors? Just interested to know and understand why people are looking forward so much to the ints.

Exactly Bananaman, the RNS's state on track etc so I hope it is, as if not then wtf is he doing? Its just me getting nervy due to the deadling approaching so hopefully those nerves will be thrown to the side this week :)

What are people expecting from the interims?

Thanks

LC better get this over the line in the next 2 days! If I see an RNS with yet another delay I'm going to be p*ssed! I know some of you have said if its 2 more weeks etc its ok but for me it isn't as it just fuels even more doubt that he is going to mess this up UNLESS that RNS stated it will 100% be concluded in that timeframe but I highly doubt he will do that and when the 2 weeks are up something else will crop up! This is all just assumptions and as mentioned I hope he finaly manages to do something right but the closer it gets to the dealine the more it stinks of something other than a deal! The one plus note is that surely he will know if its going to be delayed and would have already informed us?