Member Info for steven49

nickel ended the day 2.6 percent lower at $10,880 a tonne

the Directors have a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future

The Directors are aware that various uncertainties might affect the validity of their forecasts. These uncertainties include metal prices, mining and processing risks and resource and reserve risks, in addition to indigenisation risks in Zimbabwe.

The Directors have prepared the cash flow forecasts of the Group and are of the opinion that the Group's current cash resources, together with the cash forecast to be generated by Freda Rebecca and BNC, are sufficient to fund all of the Group's planned activities for at least 12 months from the date of these Financial Statements.

Just feel was not much new in results.possible reason 4 drop.will recover at some time depending on commodities prices

Thats markets 4 you.plenty buys coming in now if drops much blow 1.8 will top up

Ok thanks yes was aware of this.and r looking 4 3rd party but other mining companys seem t b reluctant to use our smelter

Looking 4 1200-1300 4 nickel to make smelter viable

What about the nickel.notice do state need a third party to make it viable.hopefully nickel prices may push higher which will help

Freda and bnc both in profit.

On a separate note, most investors will be aware that BNC is quoted on the Zimbabwe Stock Exchange (ZSE) and its share price has been performing better lately. Even at the current ZSE price, BNC’s market cap is still much lower than it was two years ago. Management believes BNC’s re-rating is justified especially considering AISC are at an all-time low.

For those who are not aware, the Group holds an 80% interest in a gold mineral JORC resource of 2.97Moz (at 2.43g/t based on a cut-off grade of 0.5g/t) in Zani-Kodo northeast DRC. The licence areas have the potential to host world-class gold deposits and are located between the Kibali Project (Randgold — 22Moz) and the Mongbwalu Project (AngloGold/Ashanti). The potential to build a major gold resource is significant. In time, the Group intends to fully exploit its 1,605 square kilometres of mining rights and if gold remains over $1,300/oz, this resource may come to define the Group’s true long-term future.

Freda Rebecca made an insurance claim for business interruption following an incident at the start of this year originally amounting to $3.6m. The amount of this claim has been increased and we will update the market in due course.

Would have thought that mayb a joint venture on this project.hopefully more info on update next week.also 3 similar projects t this were bought out.and when gold was much lower

Yes that gold project is vast i believe.and much of it to b explored.zani koda.gold prices putting a damper on it a bit.

Nice big purchase of shares from yesterday

Huge volume tday.good stock t day trade

Good news tday. 3 mines in Philippines have had there ecc certificates canceled 2 of them nickel mines.

Talking about another 3 rate rises in us rather than 2 which i feel has caused gold t drop further.and gold minors following direction

Difficult t predict where gold will go from here.possible lower yet b4 any recovery.