Member Info for steve58

Could be worth reapplying for the licence now it has expired. I'm sure as a previous holder we have first refusal. On second thoughts maybe we should stick to limestone investment and add to the investment. Not a very exiting week trade wise but news on trading profits at limestone co should be soon. Does anyone know their financial year end?

Cheers. Not too good all round at the moment. I'm sure that if good trading news is released this will be reflected in the sp. Hopefully higher.

Good evening to you. Lets hope for some good news soon. Ps. One of those buys was mine but don't tell anyone.

Only 1% dilution saves the company the cash. I believe something similar was done many years ago with a nameless computer company. They are now the largest company in the world market value. Need I say more. News soon on trading etc.

Interesting that they have been issued at a price of 0.1p company must feel confident about th future. Shares ar normally issued at a discount to the current market price. Could push sp up this morning. All IMO of course.

On isdx. Definitely wasn't me.

Evening cash. Normal service resumed. Just twice as bad.

The investment will increase in value. The only downside is the increase in value does not generate extra revenue to pay the bills. Only when the investment is sold the profit and cash is generated. I will say no more on the subject as you seem very knowledgeable on the subject.

The investment will increase in value. The only downside is the increase in value does not generate extra revenue to pay the bills. Only when the investment is sold the profit and cash is generated. I will say no more on the subject as you seem very knowledgeable on the subject.

Almost forgot as the investment grows it will surely mean more trips to Australia to see how things are doing and trips for a few people to Australia do not come cheap.

Directors get pay rises as we all know. There may well be additions to the board. The amounts involved may be small but if our income is fixed for a year or two then cash burn will increase. I'm sure you will let me have your case against this.

I do not know why I bother trying to explain things. Nice to know you understand the basic rules of income and expenditure. I'm sure Notts will give me reply to tell me I am talking rubbish but do I care. The only way forward for lead would be a takeover of the limestone company. If sales and profits are going to be as big as some on here say then that is the way forward.

Leed are not an ordinary company selling to the public. They are an investment company no more. Their costs will inevitably increase their profits will not. The current investment returns 12% no more no less. Explain to everyone how profits will increase more than expenses if the income coming in is fixed?

With reference to my cash burn comment. The three years of course only takes account of general admin expenses salaries etc. As the company grows its expenses will also increase and so does the rate of cash spent. The limestone investment is a good one imo but will not generate the amount of cash required to fund further substantial investments in the short term.

Taste thanks for that. That was my point, that a new investment would probably require at least £500k to make it worthwhile. So as I said shares would have to be issued to pay for it.

That's where the company has a problem. There is about £400k left in the bank although £100k income a year cash will only last about 3 years at current burn rate. The one good thing is that there has been no share issues for a few years so at least no dilution. However, if the company wants to diversify into other investments new shares will have to be issued to pay for it. News soon hopefully.

Evening taste. Not really worth the effort was it. Trading update soon. Manas news would be a bonus but getting too close to licence expiry date to expect anything. Just very frustrating that all that money was spent and there are millions of tons of coal worth a lot of money being left in the ground. Never mind we have our limestone investment to concentrate on.

Prospects do look very good. Pictures on website very impressive. If orders multiply as they envisage our investment could multiply many times in a relatively short time frame. I hold 20 million shares here so I for one hope things are changing for the better.

I agree this investment is looking good value. Once sales profit figures are released this should give us a much clearer idea of how the expansion plans are going. Six months from now who knows.

The current income is about £80,000 a year. IMO leed should convert to an equity holding sooner than later . The reason for this is simple. The limestone business is hopefully expanding its turnover and profits at a very fast rate. If leed do not convert to equity they just keep on getting a quarterly interest payment although it does increase slightly If they do not convert. If they convert they will get a share of dividends and a chance to sell part or all of their investment for a big Profit. IMO they will convert to equity very soon and may even increase it. I await sales and profit figures in due course. It would be interesting to find a similar company somewhere else and see what level of gross profit they achieve. I shall look into this.