Re: Recent news aim for you.tbh I wish I had stayed away from aim companies regulated by micky mouse and friends
Recent news [link] from fund raising + Anticipated $1Mil + from 1st sale plus Yorkville loan facility In the telephone interview with CEO Karl Smithson (on the same site 23/1/15) ~ he states that the new revenues will be going into increasing production and development of both mines.Currently trial mining @ 2000 carats a month is the target @ US$200 / carat could provide a further $4-5Mil this year (approx 50% of that covers mining / processing costs) leaves a considerable amount for development and ramping up production.Still some large sells this week?
Issue of Equity [link]
Re: Definitely out of favour . . . . ...Most stocks in the sector are down 50% or more.....best strategy, imo...top up and build up your stakes for the better times ahead...glaTake a look at some of the favourites in 2014...kaput. But 'shrewdies' will be staking big time at current levels as some are ridiculously oversold on good fundamentals. Albeit, however, some eg TRP, Roxi, MXO have had negative problems. Picking the best is fun and bargains galore. One for the future? MDZ
end of ebola by end of 2015 if you believe the media www.dailymail.co.uk/news/article-2894693/Ebola-fight-remains-tough-won-year-UN-mission-chief.html
Re: 8 trades + 10% Bought some of these today. Had my eye on PRG for some exposure to the Diamond commodity but it had already doubled from its lows before I had funds available. This looks like a very good alternative. They are very similar yet these shares are half the price/well undervalued and STEL looks like it will be bringing in decent cashflows before PRG. Gonna be an interesting year for this one with multibag potential from here...dwiggy
Re: 8 trades + 10% undervalued, this is one to sit on.not many people trading this so when it goes up it goes up!
8 trades + 10% A few people buying into the anticipated diamond sale results I suspect.Still it's encouraging to see a 10% rise on 1/2 mill vol
Re: Definitely out of favour . . . . yeah but look at footsie ,most stocks are down don't worry
www.dailymail.co.uk/health/article-2870260/Ebola-vaccine-trial-suspended-patients-report-suffering-joint-pain.html vacine not coming out any time soon and definetely not by christmas
Definitely out of favour . . . . Loan facility in place, the first diamond sale not far off - which will mean the beginnings of self funding - not trying to influence anyone ~ that's just how I read it , . . Last Friday and again today lots of sells against what seems to be a positive news flow05/12/2014 Buys 392,763 Sells 2,509,844 and again today11/12/2014 Buys 150,000 Sells 1,477,000I'm quite happy with the value of my holding and don't know if the price is being 'held' or not - I don't think so - but am a little curious as to all the negativity . . any one else got a take on it?
Re: Todays RNS - Highlights . . . this is being set up for a T/O or I am a one legged Dutchman called Ernest
Re: Todays RNS - Highlights . . . I agree but dont know much about market price manipulation except that it seems to exists in epidemic proportions these days.Like a lot of us I've been exposed to a few shares that have been severely roughed up in the past and have experienced the frustration of seeing a few £grand repeatedly eating away at legitimate value.But I actually have a good feeling about this share - the company has no debt, proven resources, low initial outlay to start commercial mining and all round good prospects for 2015. Reading this latest RNS everything seems very positive and I think that as the mine swings into operation the share price is going to be very difficult to manipulate and as I see it there's only one way it's going to go ~ and as you say the prospect of finding a big stone makes it all the more exciting.I'm more than happy to sit this one out and add a little when I can.
Re: Todays RNS - Highlights . . . but there seems to be a seller in the background , this deserves a market cap approaching £36m at least and yet we sit on a market cap of £9.4m..people are selling into any news...re-rating gotta come soon,hopefully they find a 30 carat or something,that would do it
Todays RNS - Highlights . . . that everything at Tongo is on track for a 'bright' future!Me, I am happily invested here and again am surprised at the early sells.Highlights of Tongo Dyke-1 Surface Mining Study and the Directors Model:-· Attractive economics for surface open pit mining concurrent with underground mine development· 42% increase in project NPV(10) from US$53 million to US$75 million with pre-tax IRR of 55% using grade of 120cpht and value of US$270 per carat· Significant potential NPV(10) upside to US$146 million if modelled using new increased resource average grade of 165cpht and value of US$270 per carat· Potential for 120,000 carats to be mined from open pit in first 3 years of mine life and for over 1 million carats to be mined from the expected 16 year mine life· Low capital expenditure estimate of US$16 million to develop mine into productionChief Executive Karl Smithson commented:"Having recently commenced trial mining at our Baoulé project in Guinea to generate cash-flow before the end of 2014, we are delighted that we believe we have also found a route to early cash flow for Tongo and believe we are demonstrating our ability to deliver optimum value from our projects. We look forward to updating shareholders on our results from Baoulé and on the next development steps of the Tongo project."