Member Info for Vanillathunder

Bit late for that mate. Whilst you can still technically "get out" you'll be pretty much leaving with bugger all. Horse has long bolted on getting out for many. Unless you had the fastest of fingers at 8am yesterday. Any talk of "get out before its too late" is totally after the Lord mayor's show. I welcome any constructive comments and observations on here, but not advice to sell down here.

Just the 14m shares sold then! Dr G... at 0.228p jeez, imagine the size of the loss. All relative though I suppose. Probably a very wealthy fella. I must need help, but I may actually average down here. Who dares wins... Pretty sure someone said best time to buy is when there's blood on the floor. Each to their own anyway. GLA

Considering the drop, if you were in at above 1p or so , what exactly is the point in selling now? It's already done it's big fall. For the remaining value invested here you may as well just leave it in and assume you'll get nothing back. For the slimmest of chances, that everyone jumping in here to kick the dead (or seriously injured) horse is wrong in the longer term. (though I get that's unlikely). For me, I'm staying in, already down too far for it to be worth getting out. I'll keep hoping for a miracle, eyes open. If not they can keep the change and I've learned a painful lesson. So I'll not be selling today, no point for me. IMO only.

Recovery REMAINS dependent on long term sensible debt restructuring with Orion and decent cu prices. They are still producing copper (at rates soon to be confirmed) and the assets of BA (and no longer Kitumba) were all future possibilities only at this point anyway. Does that justify a 20% drop, market thinks so, I disagree. Position remains unchanged. I wait for the debt renegotiations to be done and hope for continued positive cu outlook and hopefully decent production figures. On the far horizon BA looks a very decent asset still.

TDT, agreed.

Crazy price now. Who'd sell at 0.55?..Significant potential upside from here for the patient. A copper producer with copper prices on the up, with two new assets. Nothing has changed with the debt situation since this was at 3p, in fact we've had further confirmation that the long term debt restructuring negotiations are continuing. Only potentially negative news I've seen is CEO departure and that could be blessing in disguise. LTH for me this one.

Sp treading water now. Not expecting much movement in sp until debt restructuring agreement is reached with Orion, or replacement CEO is announced. As TDT says, we were warned and so we should (and so should the market) expect production to be lower for the next quarters. I do not therefore expect a sudden dive in the sp if the quarters figures and finally figures for the year are below nameplate(but then nothing surprises!) . I remain optimistic of a good result in the debt restructuring, a decent new CEO, improved production in future given new Leach pads and study to improve Leach efficiency (to be concluded by year end I believe). I think once the debt restructuring is done and new CEO in place, with strategic plans regarding the current mine, and central ops, and any development plans for Kitumba and Berg A being made clear, the SP should recover ground and respond favourably. Certainly if the outlook for copper prices remains positive. Here's hoping!

Hopefully usual Trump bluster. US and China have 60 days to negotiate a truce and stop this damaging sabre rattling. Before any tariffs are actually approved.

Thanks Headly, just realised! Ha ha. Didn't seem to make sense first time.

TDT sorry just re read your post. Indeed current mine life is 8-9 years less the five you have Indicated it may take to repay Orion leaves 3-4 years , if all goes to plan.

TDT sorry just re read your post. Indeed current mine life is 8-9 years less the five you have Indicated it may take to repay Orion, if all goes to plan.

TDT I think your assumptions are reasonable, given what's gone before and what we can speculate on in future. But is the current remaining mine life 3-4 years? Because presumably Kitumba or Berg Arkus can't be brought into production that quickly to replace the income from the current mine? But as we are guestimating time frames and prices we do not need worry at this stage.

okenia I'm hoping for a much longer repayment term, which will entail smaller installments. It is clear that the repayment will even then depend on the copper price moving upwards which over the next 3-5 years looks good imo. I think the worst of the problems at the current mine are likely behind them, as the additional Leach pads will help alot, as will the research on optimal Leaching process. Further down the line Kitumba or BA should help the company really kick on. Yes, I see at the moment it's tough and even with debt restructuring doesn't fix all issues. But I think with patience the current asset improves its return with rising cu prices and if /when new assets are developed value accelerates and debt becomes less of an issue. This is my take anyway. Patience required.

For me PadayachiS, this play will be determined by the debt restructuring that is currently on going. So not possible to say until we know what the outcome of that is.

Remains a LTH for me.

Shame about this on back of last night's positive confirmation about restructuring. I'm sure he has his reasons.

Confirmed that negotiations continue. Not yet concluded. The market seemed uncertain of this, so clarity is welcome.

Re long term debt restructuring. There we go. Confirmed.

I thought it had been said. As we are past end of march, they had to deal with an extension immediately. It doesn't mean what they said previously about restructuring over a longer term doesn't stand.

That depends on your definition of a long time. I have no problem sitting here until we see how the commodities run plays out re. copper price predictions. As this will define the outcome in all probability. Therefore I'm not going to suddenly sell up if I haven't made a profit this year or next... But everyone has their own agenda and pressure points. To sell today is folly imo. Time will tell as usual.