Sigmaroc Share Discussion Threads

[flashheart] 05/10/2016 16:32

Well, this is going to be very interesting indeed when this returns. Good timing zcaprd7.

[zcaprd7] 04/10/2016 13:29

Topped up again. Any news?

[zcaprd7] 22/9/2016 11:49

Topped up today.. Drifted a bit.

[zcaprd7] 20/9/2016 21:47

Indeed. It's all about the deals. Which is what I'm waiting for. Such a small market cap though, if they can make it work, then could be a multi bagger over three years?

[nick rubens] 20/9/2016 15:42

cheers zcaprd

Feels a little bit overvalued to me.

Anyone can take over other companies using other peoples money and overpay themselves at the same time.

Can these guys do it and make money for those funding them is the big question?

[zcaprd7] 20/9/2016 00:31

They haven't got many shares, have they?

[zcaprd7] 15/9/2016 13:42

I think it's about £900k market cap, and they raised £500k in the placing...

[nick rubens] 15/9/2016 11:38

What's the mkt cap here versus cash in bal sheet? Cheers NR

[zcaprd7] 14/9/2016 13:59

To be fair. He only needs £30ks worth...

[zcaprd7] 14/9/2016 09:35

Is he just a rich punter then?

[flashheart] 14/9/2016 07:58

Thanks for the link john. Interesting parties aboard here.

[zcaprd7] 13/9/2016 13:45

I think their main angle is they are at the bottom of the cycle, so any deals will be value enhancing later down the line...

[zcaprd7] 13/9/2016 10:11

Yep, depends on how good their deal making is, pretty strong team. If they can do some value enhancing deals, they can stay ahead of the dilution, keep the share price going up, and do ever bigger deals... Like the old dot com days!

[yajnas01] 13/9/2016 10:04

so basically this will get diluted... then i guess now isn't the time to be in?

[zcaprd7] 13/9/2016 09:21

They've done it already, and must do a deal in the next 6 months... They will likely issue paper and/or raise more finance to do deals.

[yajnas01] 12/9/2016 20:26

confused by the interview - are they saying they have to do an RTO? or they've done it already...

in 6 months they have to do something apparently

can someone help me understand this - really confused about how they will get the money to do their £50m deals


is this a con?

[zcaprd7] 09/9/2016 16:13

Yes. It was tempting, but I think I'd like to see how this plays out...

[sja123] 09/9/2016 08:06

2 x 5m sells went through yesterday which would explain the drop at the end of the day....a few more flippers left the party....perhaps we can move up again now....

[zcaprd7] 08/9/2016 17:50

Hmm, he seems like a smart cookie. Nice combination of boring (aggregates, building materials) and exciting (frontier markets)...

[sja123] 08/9/2016 13:50

Recent interviews with Vox and proactive...

[zcaprd7] 06/9/2016 16:42

Hmm. Not a great end to the day. Heavy volume, I'm not surprised some people bailed given the gains...

[zcaprd7] 06/9/2016 13:12

The White Lion project is located approximately 100km (by sealed road) from the Zambian capital Lusaka and sits on a granted Large Scale Mining Licence which covers a total area of 245 square kilometres. The mining licence was granted in 2011, runs for 25 years and is renewable.Interpretive work from airborne geophysical surveys and preliminary ground mapping shows that the limestone deposition outcrops at surface and covers an area of approximately 60 square kilometres. This large scale of limestone deposition is believed most encouraging for hosting the necessary tonnage needed to consider building a cement works.Previously 39 samples have been taken from the project under the guidance of African industrial minerals and cement expert, Mr. Robert Barnett. The samples were analysed at SGS's laboratory at Kitwe and gave assay averages (inclusive of some dolomitic limestone values) of 44% CaO and 2.4% MgO – these being the key elements for cement limestone. A typical cut–off specification for African cement limestone is 42% CaO minimum and maximum of 4% MgO. Secondary elements such as silica, aluminium and iron were also reviewed. These deleterious elements have been found to be at levels considered below the maximum tolerance requirements for any future plant feed chemistry. The White Lion project contains local shales and phyllites which can be mined and blended with the limestone to ensure a sustained quality plant feed.In 2015 Spitfire Resources Limited completed a large surface sampling program at the White Lion limestone project in Zambia with the results showing an extensive high-grade limestone exposure with calcium grades of up to 55.3% CaO. The large-scale surface sampling program consisted of taking 198 rock chip and soil samples at a 500m x 500m spacing across approximately 60 square kilometres. The program was split into two parts and was designed to focus on the areas containing limestone as well as complimentary cement plant blend materials such as alumina, silica and iron.With the suspension of the proposed AIM listing and associated funding to support the project, the Company is reviewing its slated work plans for the White Lion Project and investigating other ways to best extract value from this projectCompetent Person's Statement – White Lion Limestone Project:The information in this document that relates to exploration results and mineral resources is based on information compiled by Mr. Stuart Peterson, the Company's Consulting Exploration Manager, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Peterson has sufficient experience relevant to the styles of mineralisation mentioned and to the type of activities described to qualify as a competent person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Targets, Exploration Results, Mineral Resources and Ore Reserves.' Mr Peterson consents to the inclusion in this document of material based on his information in the form and context in which it appears.

[zcaprd7] 06/9/2016 13:11

White lion project