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
+260 211 254023 / 59 This is ZEMAs telephone number in Zambia, call, ask
sorry . no deramping here...just expressing a frustration around unnecessary obfuscation...10,706,896 shares as of 10.25day
Flanders running a company is not a secret ritual..it's business not freemasonry
So there goes Mogo confusing an obfuscating..typical bell backer behaviour..focus on the simple questions to which data based answers can be supplied.
The game if you are serious I applaud you..good luck..perhaps you should ask the registrars for a copy of the share register
Why not tell shareholders the zema decision process and timetable
Let me be clear. I am not concerned with being a few weeks later than expected..that is so much par for the course. I just can't work out the reasons for secrecy on a matter that is in the public domain
Briarbank is quoting "high grade prospects"...RRR shareholders have heard this all before. A cynic might believe the business behaves cyclically enticing new generations of investors with "jam tomorrow" promises of "high grade prospects" only to move on to the next bunch of losers. A few questions for Adam and briarbank: 1. How much shareholder value has been created/destroyed since 2010? 2. How much money has AB extracted in fees, emoluments etc from all the loss making related part companies since 2010? 3. Listing all the great deals and promises made to investors by the company since 2010, how many (and which ones) have been delivered ?