Member Info for stringer01

I think everyone's bailed. No diamonds.

GL

@BMB I can remember when this was 2p and people saying it won't get lower. .27 TODAY :(

The reason is endless placings at discounted prices. Diluted to to death in other words. However, it could start to turn a corner if it can turn a profit.

GL

Also the constant delays and fund raises required in mining is probably also a factor for investors staying away.

GL.

What do you think the mcap will/should be?

That revenue from the Diamonds is likely months away. Bottom draw these go.

In albeit tiny.

We can dream.

GLA.

It's in the 2's because of too many discounted placings. The last placing should've been .35 not .30

GL

sell @ 13:44. Bad news on the way?

Every third RNS is a fund raise at a massive discount to market price. The market probably expects this to continue hence the lack of movement. I'd be a rich man if I'd shorted this from 2p.

GL.

Cheap stock gone??

We won't know until next announcement. Just trying to explain the continuous slip in an already undervalued company.

Impatience, no diamonds, very little known about this company are all reasons for it slipping. The problem for us all is where is the bottom?

It's dropping cuz they are not finding diamonds. For the sp to rise they need to find some and fast.

looking at the mcap I think the recent diamond finds might already be priced in.

Would be good to get another in now. Why? It didn't do much for the sp the first time.

FOOLS, he had optimistic things to say the whole of last year. What came from it? Nothing.

GL

hindsight Prelea should've massively diluted last year before promising no dilution to PI's with a couple billion shares at .60 I'd have some respect left for him if he had.

I suppose the outgoing CFO will move on to screw up another outfit like a corner newsagents perhaps.

this outfit is self sustaining ie profit making the sp will shoot to the stars. Unfortunately that scenario is many years and equity placings away.

It's odd they placed at .3 when sp was .38 they could've raised atleast .35

GL.