Member Info for TigerByTheTail

Off topic, but has anybody heard of a little Malian gold miner called Hummingbird Resources. Just entered commercial production. Superb economics. Seems a strong buy to me, especially at this price. I hope nobody minds me not posting about Border Terrier.

IMO, the key here is not to be too greedy too soon. Vast is obviously worth a great deal more than its current market cap of 23m quid. (The Zimbabwe assets alone are "worth" more than that). A few months' patient waiting will put the valuation right, or at least improve it tremendously. Buying at today's prices should mean an easy 50% profit; maybe much more. But, that said, I think the SP may drop a little further before it starts to rise back up. So, I'm buying, but slowly.

Yes, "creditors", in the plural. And not just once, but three times in the RNS. That implies more debts than the money "due" to Blue Square have been paid. So how many of BMR's JLP shares have been sold? And at what price? (Obviously, the shares will have been sold at a discount to the current JLP share price, but we're not told how much.) And how many do BMR have left? (A key question as it is BMR's one substantial near-cash asset).

Jeez! The Baron is such an expert he invested in Kennedy Ventures (KENV), now Kazera (KZG). And that tanked almost completely. Also, I strongly suspect that some (many) of his tweets are "sponsored". Total bell end seems about right.

http://www.euronews.com/2018/06/07/botswana-diamonds-to-buy-bcls-stake-in-exploration-project

Frank posted this excellent article yesterday, but it has gotten a bit lost amidst other posts. So here it is again: http://issuu.com/andersonmurraymedia/docs/rgn_v5i3/88?e=32305946/62111216

the **** is v o x m a r k e t s

https://www.**********.co.uk/blogs/asiamet-resources-ars-tlou-energy-tlou-versarien-vrs-botswana-diamonds-bod/

Hi Rosewall! I think BMR were hoping to raise 1m GBP at 3p per share from 3 investors in order to relist, not 3m GBP. You're right, of course, that these investors will now drive a much harder bargain, if they are still interested at all, and if they ever existed in the first place.

OK, I'll be Mr. Gloomy. I'll be happy with 10,500 ounces for May. It's still early days for the mine...

Hi Itsaduster! Here's a link to Endeavour's mining portfolio. As you can see they have two operations in Mali: https://www.endeavourmining.com/our-portfolio/overview/default.aspx If Hummingbird does get taken over, which must be a possibility given our current very low share price, I've always thought Endeavour to be our most likely buyer.

RNS out...

Also (I think this may have been posted previously), Botswana Diamonds have retweated this: http://www.rough-polished.com/en/analytics/110854.html "The talk of ZCDC lacking capacity to mine diamonds on its own could be a ploy to make way for the army�s diamond company to resume operations in Marange and other parts of the country. As surely as the sun rises, Anjin will make a comeback in Marange. However, it�s also refreshing that companies such as Botswana Diamonds and Vast Resources were set to prospect for diamonds in Zimbabwe. The coming in of reputable diamond exploring and mining firms will help in as much as Harare will bring back companies that had been elbowed out of Marange." It's possible that this is just speculation, but the language here strongly suggests that Vast and BoD are in talks about Marange with the Government,. The fact that this was tweated by BoD supports the truth of the article, so it's completely possible that we may end up with a piece of Marange :)

I'm not an expert on this subject, but, prima facie, there would seem to be a case for shareholders to band together and to sue Alex Borelli personally. If you can prove misfeasance as a company director, his personal liability is unlimited; and I assume that he is quite rich. Shareholders may wish to look closely at AB's lies to the market over the status of the licence - particularly at his lies in the 2p placing last year. And, also, they may wish to investigate this Blue Square payment further. You may also wish to contact Jeremy Hawke, and in return for agreeing not to sue him as well, to receive his full testimony. If a few of you have appetite for this, I'd suggest hiring a corporate lawyer (with expertise in public company law) for an hour to see what could be done. In my opinion, a shareholders' lawsuit against Alex Borelli is quite possibly the best hope any shareholders of BMR now have of recovering any money. All IMO, DYOR, and intended to help!

Hi Playboy! Yes, I'm sure there is a deep-pocketed buyer for all these shares. Just as there has been for the last few days. I agree that it would become really interesting if the buyer were Endeavour or another West African goldie. Frankly, considering the current share price compared to the value of the company's assets, a takeover can't be far away.

Hi NomZ! I'd say the market has called these results about "right" - 3.5% up is about what these Sanankoro drill holes are "worth", no? Personally, I'm far more interested in Tekeledougou - that has a much quicker, cheaper, and easier route to production.

First up, I believe that the uranium market will pick up in the next few months. All the signs are good. However, I'm not happy with BKY's prospectus, and I foresee numerous permitting delays down the line. Especially with Podemos (i.e. much the same people as Stop Uranio) now in power in Spain. 2020 (the new start date) could easily become 2022. I also don't think Paul Atherley has been particularly straight with his shareholders. There's a sneakiness about him that I don't find trustworthy. So, the question for me now is, what is the best uranium share to invest in? Hmm...

I do love a little arcane latinate sesquipedalian obfuscation in the mornings, such as: "quantum meruit fees (whereby a party recovers losses in the absence of an agreement or binding contract)". Of course, one could call also a spade a spade, and a .... a .... Has there ever been a CEO as inept, negligent, and contemptuous of ordinary shareholders as Alex Borelli?

BMR were suspended on 7th February. They have six months to emerge from suspension or they are automatically thrown off AIM. Previously, BMR have claimed to have three investors willing to subscribe to a share placing of 1m GBP at 3p in order to enable them to relist. After today's news, I find it highly unlikely that anybody will be willing to put new money into such a company. So, will JLP wait until BMR are thrown off AIM on 8th July, and then make a lowball all-paper offer for their remainder of the shares that they do not own? Say 1 BMR share for 1 JLP share? This would trash the JLP share price in the short term, but in the long run it may be the making of the company - in the right hands, Kabwe could be hugely profitable. Thoughts? Opinions?

Hi Sotolo! I have gazed into my crystal ball, thrown open the doors of my mind to the influence of the cosmos, and hurriedly recalculated the alignment of the pyramids, and I can now inform you - with absolute certainty - that gold will sell at $1,365 an ounce in a month's time, and at $1,528 in a year's time. All in all, I'm NOT impressed by the performance of Centamin's management lately. They've clearly spent far too much time trying to justify their ridiculous salaries and bonuses, and far too little time in running operations properly. In normal circumstances their complacency would and should result in a takeover; but, alas, the court case acts as a perfect "poison pill" defence. However, that said, Sukhari is still one of the world's best gold mines, and the current self-inflicted production problems don't change that. At this price Centamin is too cheap - not for this year's lowered profits, but for reasonable long term expectations. I think we'll see 140p again pretty quickly.