The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Ikhan, you represent everything that is bad about these boards, you are full of cr%p. Please take your immature posts somewhere else
Fireblade, did you read the RNS (less than 2 weeks old) - the biggest risk is that they run out of cash in the very near future?
Gobushy, I wish you well with your investment but fear the worst. Bushveld is currently losing money hand over fist and there is no sign of a recovery in the V market, quite the opposite in fact. Loans, sale of assets and lines of credit will only last so long then it's game over I'm afraid. This is a pure gamble on V prices and it's not looking good at the moment.
My point was not so much the content of the filing, but why bother if it's about to be struck off?
How the worm has turned Harchris, you're beginning to sound like me now!
Interesting, an allotment of shares dating back to last September has just been filed at Companies House today, something brewing?
There's a long way to go yet to secure the long term future... could go either way.
"There is no guarantee that an equity financing will be achievable and, in the absence of any additional financing being available, the Board would have to take steps to preserve and maximise value for its creditors and should the Company fail to achieve a solution in the short term, the Board would have no option but to place the Company into administration. In this eventuality, it is not known how much, if any, value would be returned to shareholders."
New construction starts down by 30% in China
https://www.bbc.co.uk/news/business-68603195
Dbh1956dbh, you are correct in saying that I am negative on this share and with good reason, it's performance has been shocking. just look at the share price graph, does that not tell you something? Sadly most of you ignored my warnings based on actual financial statements and went along with the happy clappy brigade who kept telling this board that everything was going to be great.
And yes, I am no longer a shareholder in this sorry state of affairs, I moved over to EEE at 3p, currently well up thank you. A mining company that hasn't actually dug anything out of the ground yet and is still worth more than this rubbish which haemorrhages cash on a consistent basis. I'm guessing that everyone is only hanging around here in the hope (not expectation) that a miracle will happen sometime soon with V pricing.
Paludina, I suggest you trawl back through my posts from last year. I posted calculations showing that a loss was being made on everything sold. I was poo pooed at the time but subsequent financials have proved me to be correct. Added to this the continuation of the fall in V prices, how on earth do you think they are making a profit. Hence the desperate need for cash! If they were making a profit they wouldn't be borrowing to pay off essential creditors would they. Or selling off assets.
Back to you, please show us your calculations whereby there are making a profit on shipments to the US.....
Fundamental law of business, income does not necessarily equate to profit, especially with V pricing at current levels.
But are they actually making any profit on those shipments? I suspect not...
This is SYME, what goes up must come down
With V pricing as it is, the company continues to lose money hand over fist, the only glimmer of hope is a rapid increase in V prices and this doesn't look like it's going to happen any time soon. Don't believe anyone that tells you otherwise, it's not looking good.
So you are suggesting more dilution?
$12.5m isn't going to last long at the current burn rate once critical suppliers have been paid, what happens next? Where's the money coming from to keep the lights on?
Henchking, I suggest you take a look at the title of the RNS dated 3rd Jan - "White-Label IM agreement: funding secured with Banco BPM S.p.A to execute an initial IM transaction"
Emailing bank Italia won't get you very far!
Henchking, fyi I am a long term investor here, bought before all the hype, just asking a genuine question as the TAG group does seem to be having cash flow issues, just looking to see if anyone has further information that would reassure people.
Has anyone any idea on how long they'll be able to keep the lights on if TAG don't come up with the cash?
Yep, I've got one of those too!