Member Info for Tracylied

Indeed you should have sold at 4p and bought back in today at 1.2p. The MM's got it so wrong on Thursday because they did not see the presentation and got it wrong today as the news was all old news. They quickly closed down when the buys flooded in. I got one batch at 1.2 but the rest at 1.4p. There is plenty going on to sustain this crazy low market cap. The lower grades and equipment refurb.replacement will not last long then they will be back into solid profit. That will tie in nicely with the smelter restart which looks set for the near term with major components ordered and arriving on site. The bond closes in a couple of weeks and the drilling from DRC is due very soon.

To the results released on Thursday from Indaba. No improvement in January either. Lower grades and poor equipment availability whilst they upgrade and replace. The smelter is coming together with components arriving this quarter. Hopefully a couple more months and they can light up for testing. Lots needs to happen to turn this around quickly and it seems to me that they are doing all they can to make that happen.

As the presentation so nothing new. I suspect there will be plenty of comment from Indaba. Rather naive to think that would not be reported in the U.K.. I know the upgrades and refurbishments material to production were complete end of last year so hopefully January will be more encouraging.

Yes the presentation was on the website for about 10 hours. It was removed following e mails from shareholders making them aware. The Q3 performance was included in the graphs and if correct showed gold and nickel as loss making in Q3. The Q3 update was due for release 3 weeks earlier but never materialised. The company clearly were holding the news back. What they should have done was to release the news with explanation and let the market decide. What they will do now is release a 4 month update, likely on Monday at 0700. The question is why. It suggests to me that January will be rather more positive. I was fearing poor performance operationally as they were finishing up the equipment upgrade and refurbishment programme which would mean down time for mining and milling. That was scheduled to finish at the end of December. Personally I think posting the presentation was a simple error and the document should have been held back. I also think that the poor performance was largely priced in and the Sp is far too cheap. Looking forward they need to get volume up at both projects. I believe that they will have already done that and will be telling the market first thing Monday.

The Chinese were very welcome when Zimbabwe had no choice and were in the cold. However in preparation for the inevitable death of Mugabe the west is laying some foundations for bridges to be built. Mugabe has raped Zimbabwe and left it bleeding economically. Zimbabwe has fantastic mineral resources that the west want a part of. I believe the chinaman will have his day in court but according to the company they are legally solid. I suspect if the share price were 10p he may just jog on. Who knows where this could go with just a few changes of circumstance.

I do not recall the budget for the tailings project. The project ran it's course and the concept was found to be non economic with poor recovery. The plant is quite a hi tech module not a gravity plant. The mill was apparently scrap on a historical site. I doubt we will hear much from this aspect until year end.

The plant was designed and built for the tailings project. It has been paid for and is designed to run low and very low grade material. They will adapt the plant to run slightly higher grades and run the material they currently pull out of the ground but set aside, The mill is a old nickel mill that MWA own which is nearby to FR. it will be rebuilt and repurposed on site. Parts made on site, in Bindura by local engineers. It's hard to see how it could not be feasible and will contribute towards the 100k oz target.

Demand is strong. Bad news was very much priced in. Fortune favours the brave. It really will take very little to turn the performance positive. The upgrades are complete now and Kalaa says he is looking forward to pushing the new plant. We will hear from the feasibility of the third mill and plant at FR very soon. Mill is already on site and plant will be repurposed African style.

I sold at 187, 189 and 189 and bought at 165 and 166. Well pleased. Some were raped.

It's just a dark day in a bright future. Some got mugged out today, one at 1.45 for 850k. There is plenty of dormant value here that will come out this year. They just need to get the basics right.

I don't know anything about the January numbers apart from the companies intention to release them in addition to the late 3 months ending 31Dec. The company have handled this very badly. I have expressed my shock and disgust at the way they have acted. My logic is simple why would they hold back these poor months then add another month unless that month was of value. Maybe any logic is wasted on this company. The addition month will be post equipment upgrade.

I have not been told how good the January figures are just that they will release 4 months rather than the 3. Why would they do that?. Pure speculation from me that month 4 may contain something that will dilute the previous 3. You could have received that had you contacted the PR team. Fortunately I am kind enough to share.

There is money to be made. I have traded up to £1200 and 70k extra shares on this nonsense. The company is the same and whilst we didn't know it the operational performance is now historic. The challenge is clear and well priced in. I suspect many who work within the production chain trade here. Always worth watching the trend.

Caroline at MWA was not aware of the blunder until several e mailed her. They were wrapping up at indaba and I assume someone uploaded the presentation. I have been in contact with Caroline and Kalaa a lot over the last few weeks.

According to the company the presentation was not for publication in the U.K. and was only meant for Indaba. They will release a 4 month update rapidly. It will show in my opinion 3 poor months where the new equipment was installed that coincided unfortunately with lower grades. It will I believe show a much improved January. I have taken 1.3m so far today.

Matt I had a very similar conversation. I am not quite sure how they screw up to that level. I also do not know why they would report something to Indaba that they will not report to their shareholders. Especially when that something shows the two production projects as loss making in quite a spectacular way. I suspect they will disclose the three months we know about where the company lost millions and temper that with a decent month. Patronising nonsense.

are up massively simply on reduced volume. It just shows how fragile it all is and how dependent it all is on production volume with so many fixed costs. They have 3 months to turn it around if they have the cash to carry them through.

The bond is in Bind.zw which is now loss making so must make it less attractive however the law says that they have to buy.

On the website is the indaba presentation. It shamefully discloses the Q3 performance before an RNS is released to the AIM.

At first glance appeared to be good news however the carats produced were down whilst the tons worked was up. The quarter before they sold half of our diamonds when the price was up now they sold many more when the price was down. Seems they cannot help themselves at the moment.