Member Info for Tardis

So figures much as expected. Good news on the African signing - I wonder how long it will take the His Grace, the Minister at the other end...

STT, your long waffly messages fool nobody... meaningless drivel.

In other words, they can perform a buyback...

Where do they get the money? 31m in cash, 10m buyback proposed.

It will be very odd if there isn’t a clear plan for the buyback in the quarterly update.

I think the low copper price played a part in the BFS delay. Had copper been over $3 I think the BKM project would have advanced in the autumn. It does sound like it’s full steam ahead now though with five rigs going at it.

Worth remembering TM bought £350k at 11p per share last year. He’ll be as keen as any of us to deliver on BKM. I’m sure they will do it - just a year behind schedule. If ARS is this year’s SOLG I will be very happy; I’m heavily committed.

When it's not clear from the price whether it's a buy or sell trade.

I would hope to see the SP increase to around 13p on the back of the increased revenue. How many other companies are reporting revenue increases like that at the moment?

I agree, African contract should be announced as soon as it is signed so unlikely the two will come together. I expect we will get a 'we continue to progress our project opportunities in...' statement.

That's a bit of a nonsense statement. Yes it's a large one-off contract, but they have another 10 months to deliver similarly large contracts.

It's not going to be Feb (4 months) as they will still be drilling then...

Yes, that sounds about right to me. Which would be a 66% increase.

Any predictions for 12 month revenue? Last year was 5.4m. This year going to be nearly double that figure.

Sounds to me like another 6 weeks to complete drilling, a month on top of that to get the final cores analysed. Results need to be fed in to the BFS, and that updates, then present the updated BFS to investors. I think May sounds realistic for a BKM investment announcement. In the meantime I've topped up at this paltry price.

Like it Brass. RhythmOne hits Boomtime.

Rebounding strongly

Google advertising revenue Q3 2018 $28.95 Billion. GDPR fine £44 million. Where will they find the cash to pay that?

Thanks for the pure speculation STT. Good of you to take the time to do this when you have no financial interest in this share. As to your speculation, I’m sure a special dividend would be gladly received by any holders.

Fully agree Brass, don’t want to see any further acquisitions here until decent profit being generated. Current management do seem to be addressing this at last. A share buyback combined with improved EBITDA and hopefully net profits should boost the share price and generate interest in this company again.

Would be nice to get some results from the latest drill cores soon. Evidence of progress would be very welcome.

Glad to see shares on loan continuing to reduce on a monthly basis. A strong trend has developed. I think shorters realise the bottom has been and gone here. News flow is certainly much more positive now. Hoping the buyback starts after the quarterly update as likely to have a strong impact on the share price.