Member Info for Squeezeit

It would be good to know that funds are not going to be raised via a placement, and that external funding is being sought. Does that seem like a reasonable question?

One reason market cap is low because of the security situation. A mine in Oz is not the same for many reasons and security is just one of them.

At this stage, positive developments outweigh problems so we are good. We should be well rewarded for taking a risk at this stage as some have been already. Time will tell though.

Still drinking beer.

Seemed to indicate/confirm there is firm interest in Kodal and the ball is in our court. IMO he is the real deal and 1.5 million in the bank with a cash burn of about 400k on general expenses is pretty good. Enough money for next 6 to 9 months including drilling/exploration. He noted that we are in South Mali in his interview I think. As someone else said this is South of the capital and further away from the security issues

Should really do a DD fact sheet for reddit as new investors are possibly confused, especially given the mad price swings.

Back to my beer... have a good day everyone

Thanks Pawlenty.

And yes, at least it is a start. Hopefully will move up a bit from here.

I can't find the decision on share buyback.

Did they say they have the option to repurchase X amount of shares or we are authorized to spend up to X amount on share repurchases? Seems a bit random to buy 45k or so worth of stock. Is it a one off, an ongoing program etc.

Is that a buyback RNS....3 million shares. Good to see the awful communication from the company is consistent. Was an amount of money approved for buybacks?

Hello. Has anyone with an ii account got shares showing? There is nothing in mine and customer service is AWOL.

Toyota to invest $35 billion in battery-powered electric vehicles by 2030

https://www.cnbc.com/2021/12/14/toyota-ceo-announces-automakers-battery-ev-plans.html?__source=androidappshare

Hope so. At least it gives us all something newish to discuss/bicker about

It's not in the Director's interest to dilute. A placing to give enough capital to mine is not really feasible. I think it would mean issuing 30 billion + new shares to raise the 120million needed to begin mining. Imagine that RNS.

Doubled my position on licence news and am now at .40 average. Didn't expect the drop. My only worry is, have I missed something but can't find what if anything yet. Instability in Mali is the only thing I can see but that's not new.

Totally agree with Laverda and others on the idea that we should not dilute further. All IMO and I have been massively wrong on a few other things recently. Seems investing in businesses with income and profits is not the way forward. For now at least.

Cheers Laverda. Lost count of the number of times I have expected a multi bagger only to be let down. This seems a little bit different and as you say price and demand is through the roof.

That's still unknown but the revised feasibility should tell us that.

Sorry ignore my numbers. Appear to have screwed them up. Think it should be 2.8 billion in revenue and a billion in cost over 8.5 years. Annual revenue 330 million.

Just looking at estimated costs and revenue. A conservative estimate is 1.8 billion in revenue over 8.5 years against costs of 600 million or so. This is without Spod 5. Yearly revenue is 220 million dollars. All low end estimates. Based on 500 USD costs and 1,500 USD price of Spod.

IMO it makes selling it difficult as what is a fair price? 3 times earnings? 5 times? Can anyone smarter shed light on this process?

Thanks Laverda. That makes sense.

There was an RNS on 4th of November when new shares were issued which confirmed voting rights. Why reconfirm them? I haven't seen this prior to a share issue before and if a deal to buy an equity stake in the business is in the offing, you wouldn't want to pre-announce it would you?

Apologies for adding to the speculation.

The way it is going, we can probably dig out the coins from down our settees and club together to take it private!

Today's rant over. Have a great afternoon all.

Has anyone been in share that has behaved like this? Company not burdened by debt, making a profit, sitting on large potential reserves and waiting for equipment that will just about double output. Delay was explained and while many think it is unacceptable, you would not expect the price to drop like this.

Have we missed something or is it just patience?

With the share price where it is, being acquired could be a possibility. As others have said, PR is needed which these days is basically free. A few pics on twitter of things getting done. Even stuff like the solar panels getting installed.

Doesn't seem so bad but difficult to see SP jumping as production hasn't gone up. It's just good fortune prices are high.