km, congratulate me when these are back in the 6's
pel, that is absolute RUBBISH, as they say, NEVER believe what you read on these bb's. whether positive or negative. Just for the record. YES, I am delighted at todays RNS. its removed a few doubts.
It worries me when all large buys, and no sells, well, you know the rest. All that info and the only thing to come out of it is that there was 1 objection 'by email' from a person in UK pretending to be from Zambia ?????? come on, pull the other one.
ljc, let me think about that one, errrmmm Yea, its a public meeting yep, PUBLIC meeting. I am sure that lots of people know the outcome, what was said, what to expect, etc. It was open to the PUBLIC. I would expect more than 1 knows the outcome, and would be relaying that info to more than just km.
Well according to km the meeting went very well with just one objection. Yes, of course, and that's why the sp is flying this morning. Oh, wait, it's not flying at all, Makes you really wonder if km has heard anything from his (ahem) 'contact' Sometimes those darn imaginary friends just tell you what you want to hear.
km, lets hope you are right, It would make a change from all the fantasies dreamed up by the legends (or should that be leg-ends) from lse
km seems to have receieved some cracking news from Zambia ?? Perhaps he is the only one to do so, hence no movement in sp
Are the mm's still holding this down to let their mates in or still playing their silly games ?
No news today from MA...So here are some thoughts from me after reading and re-reading the EIS as downloaded from the ZEMA site. We have 2 projects to approve: Wsh Plant Tailings and Leach Plat Tailings (requiring $11m investment) and the Copper Processing Plant (requiring $465k investment)....Let's assume we get ZEMA approval in the last 2 weeks of April (and best case is a straight yes, with no added conditions that might slow progress from here) we have $11.5m to find to get things in place. A couple of questions and considerations arise: 1. Where will we get $11.5m from vs market cap of $43.0m? Well there are £2.292m of 2p warrants outstanding. Maybe Hunan will buy new shares and at current prices this would give them a 30% - 33% depending on how preferential a buying price they secure. This could be a reason why the Board aren’t buying, as they may think it sensible to hold off until the associated shakedown and price drop occurs – and pick up new shares at 1p – 1.5p? Who knows, pure speculation. But if not Hunan, from where? 2. It is of course, entirely possible, the money will form some type of loan against off-take agreements – but again, this is speculation 3. An $11.5m build doesn’t feel like a fast piece of work, so how long does it take from a ZEMA yes, to full on processing of the tailings? Increasingly this looks like 2015 for me – although the CPP at just $465k may come on stream much faster What are the implications (for me?) 1. I have stated I am reviewing my buy stance. My position was that any price under 2.5p was a bargain. I need to revise this. In the absence of clarity and reassurance from MA – his silence over my questions is louder than I like, and the lack of clarity as to how the $9m shortfall will be met, I now see the short-term risk profile being too great. 2. As a result I believe caution and liquidity are sensible short-term options – at least until the long term funding position is clear----Looks like you were right Schaden