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But I think its also a bit odd, Bebeto that having been gone a few months, you're not keen to discuss all the positive stuff that's been percolating through the news feed in that time. You'd rather rehash the one very bad event that happened 8 or 9 months ago and discussed to death back then. As a holder here, surely you are interested in some of great work done to dig us out of that situation and move us forward again?
They ran their due diligence process and approved the deal. Bit weird to then wait until after everything is done and the investigation finished to change their mind. I would think it far more likely that any last minute change of heart (over the main holiday period in Kenya) had more to do with whatever was going on at Ocim than at Caracal.
Bebeto. To answer your prior question, the royalty stream funding being discussed does not require the prospectus. This was discussed in the recent interview.
Welcome back Bebeto. If you're going to deramp, at least read an RNS first. You,re embarrasing yourself.
again
@dalesman. He knows exactly what he is doing.
A lot of interesting stuff was discussed including a lot of those gap filler explanations many have been looking for. Far too much to mention. But a potential 'work in' jv structure in Tanzania, with potentially no cash in from us is very exciting. So too was the frank guesstimate at the possibility of a stand alone, 200koz pa open pit mine at Vim Rutha one day. Luckily it was recorded. So you'll be able to hear it all.
Sweet baby cheeses! Some of you you could find bad news in a soft serve ice cream! All those who were saying that you cant trust tweets until we get an RNS can now take a seat. You got your RNS. It was chock full of good old solid progress and even the odd pleasing detail. There was zero negative news. Give it a bloody break.
I thought the businesslike manner was excellent. We asked for straight talking. We got it.
Fantastic. Worth the wait. I think seeing a decent aisc at these, still modest and growing numbers, probably the icing on the cake.
Weirdly, I find myself agreeing with you on that (in a broad sense). But where we differ, is I think than when (not if) there is a meltdown in global financial markets, I think a small African gold miner (in a non-Wagner jurisdiction) is about as safe as anywhere for your cash. Certainly safer than cash in a western bank and I can't keep all my cash in bullion (without getting divorced).
Yet another reason to look forward to the finance announcement.
Yep. Finance is a critical requirement here. But I wouldn't say its all we have until I see our next few production updates. But the most important hurdle? Certainly.
Watcher. Nobody saw two days of 50% rises in WSBN, either (well except for all those experts who only ever seem to see it in retrospect). If it was forseeable, the price would adjust and not be capable of bagging. That's the point isnt it? To try see see what the market broadly doesnt.
Apology accepted. No worries. Maths is hard.
No incorrect. On your example, you have issued the shares for a price of zero. A common mistake and even more common deramp.
Rather the maths goes (on your numbers):
There are 100 shares of 2p so value of company is 200p
You issue 100 shares, raising 200p on the balance sheet
So value of the company is now 400p between 200 shares
Value of each share remains 2p
"We got diluted this therefore decreasing the value of our investment"*
*Tell me you're not good at maths, without telling me you're not good at maths.
Where's the money going? On recent evidence, Mill End. Which is fantastic if dilution is your worry.
By "departing staff members" you are referring to the junior lady who did Twitter and a very low profile non-exec, possibly leaving to make space for JV and financier directors. And by "recent dilition" you are presumably referring to a small issue of shares to cover the costs of a finance package around double are market cap. Anyone "spooked" by that is an idiot and frankly, deserves their loss.
If there is clearly (with the the stress on "clear") another skeleton in the closet, I'm sure you could explain what it is. Or maybe we'll go with Occam's razor on this one and just assume the matkey cap is this low because the price is cheap and that the reason that they're raising funds to pay the costs of finance, is in fact because those costs are about to be payable.
This could very well force potential buys to do the maths and light the fuse. Hopefully the slow burn might be over.