Member Info for Strider4

Choo, choo. Next week may well be interesting, given the action in ZIOC this week.

Interesting - should be a pre-cursor to a leg up. ZIOC doing well today on no news. Could be iron ore sentiment again which may hit this in the next few days too.

Agree, this is a really positive RNS on two fronts: 1) Really low cash burn - £130k in 6 months! That leaves an extremely healthy £3.44 million in the bank. Again, the management aren't off blowing it on any old cr4p project that comes their way - nice to see. 2) More exciting is that there is the first sign of movement on the Sanaga front, in the form of a scoping study on the production of iron ore pellets. The key thing here is that they would probably not have bothered doing this study if iron ore was still sitting at $40-50/tonne. My guess is that the iron ore price is getting pretty close to interesting levels again and they want to have an independent study done to work out exactly what iron ore price they need to start making some serious bucks from this project. I take the holding off from supplying the local market route as a third positive, since it's clear to me that they think if they wait a bit longer they can get the real prize, which is exporting it.

Just had a quick scan over it and I find that it's extremely positive: 1) confirmation that WK was operating for 3 and a half months and operating without significant hitches, which is also encouraging. The reason for the loan is explained - basically a bridging loan as they've obviously signed a fairly relaxed contract with the operator/refinery whereby they don't have to cough up for 4-6 weeks. Obviously the terms of the loan are diabolical - I don't think many contest that. But with that and the money coming in January, hopefully those days are history and he will have PLENTY of TIME to arrange more long-term finance if needed. To be honest if we ever see the likes of that sort of loan again then I would have to agree with some of the negative posting in the CS is a terrible CEO - however it looks unlikely at this stage. 2) They've obviously been busting a gut to get this TEO in for Monchetundra before Christmas. A real positive. Well on target to get the necessary approvals and then get construction started early-mid next year. 3) Positive metallurgy results - cheap and simple processing so the project is likely to be a goer.

From cashmachine2 over ADVN, who emailed CS this morning: "As I posted this morning West K is producing cash and that will become clear soon enough. Operations will recommence in March with an expected 9 month delivery of raw platinum to the refinery. Payment is made 5 days after receipt of the agreed assayed deliveries. The priority for CS and his team has been "working flat out" to file Monchetundra reserves and resources report. It's clear EUA are discussing with longer term "partners" and I believe we will see the back of Sanderson sooner than April. I feel really positive after my rant this morning and feel pleased with discussing the situation with CS."

To be honest, I'm pretty hacked off about this. And I can only imagine that the feeling is amplified for LTHs. However, there are a number of positives going forwards: 1) the shares are coming in at 0.8p. If they had done a conventional placing, it would have been close to 100 million shares issued at say 0.6p. The key factor there is that it would have to have been at a discount so instead of being sat here at 0.7p with the cash, we would be moaning considerably more as the shareprice drifted down to 0.6p. As it is this may well hold or even move up to the placing price of 0.8p 2) there's now access to £500k which will last until WK comes on line properly, the deal for Monte is sewn up and good progress has been made in signing off all the relevant permits. 3) there's no funding uncertainty for the next 5 or so months, to hold the shareprice back if/when good news is issued.

Hope so. It's a definite positive the way this shareprice is trending.

All quiet on the western front. Calm before the storm? Yes sp is holding its gains really well on no action - bodes well for the coming weeks and months.

Snap - bought these to catch a quick rise but then looked at the long term potential. ticks so many boxes: - cashed up (£3.6 million) - strong base formation - excellent project with low capex - experienced, prudent management with money in the game Iron ore price will be the spark that ignites the bonfire. Starting to smoulder now.

and long on this one. It's a buy and hold jobbie and wait for the BIG pay day, when we hit that iron ore price threshold.

Doing a ZIOC I wonder? That went up about 4x in a couple of days...

Let's hope so with respect to the ore price next year. It's the catalyst we're waiting for. Everything else is in place and primed: cashed up (£3.5 million) nice deposit with low capex experienced, prudent management and as you say, just look at the chart - couldn't ask for a stronger base, just desperate to takeoff...

That was just a taste of things to come. This share can really rocket when it moves.

Don't know. This company is essentially waiting for the iron ore price to hit a level such that they can hit the go button on a big iron ore deposit that's ready. So basically, the shareprice is cheap now as we don't at what level management will announce GO! At that point, good luck trying to buy shares!

Ok, $600k isn't too bad in these climes. I'll take a look. It does however, pale in comparison to WAFM's £3.6 million. Plus their prime deposit Sanaga is low capex (right on an existing railway line with spare capacity and only a short hop to the port).

Chart looks pretty decent there too. How much cash do they have? I notice they have 1.5 billion shares in issue so have been doing a lot more fundraising at shareholders' expense than WAFM.

105% up, up and away!

Top of the risers chart now...

Up 30% and I'm talking to myself here!

2nd on the risers board..