Lionsgold Share Discussion Threads

[1rodson] 16/11/2017 18:48

PLEASE, ALL YOU DUMMIES LISTEN TO S7 THIS MAN IS SO BITTER HE TALKS ABOUT A RINSING YET HE Knows THE BULK OF MY HOLDINGS HERE ARE AROUND 0.75 AND I HAVE MILLIONS SO CAN CAN WORK OUT JUST HOW FAR AHEAD I AM ALREADY.


TITTER TITTER TITTER.

[1rodson] 16/11/2017 18:45

clearly, you don't know anything about how they do business in India, yet you post like you know it all.

Is that the reason why you have been stuck in GOLDPLAT..........A DEAD DUCK SHARE GOING NOWHERE FOR YEARS AND YEARS AND BLOODY YEARS.

You have to learn to spot the hidden potential as I have. I topped up a little more today on potential.

Read this again.
We are pleased to report that the Feasibility Study is complete and demonstrates a robust project that can be developed into India's first privately owned gold mine ... contribute more than a QUARTER of India's gold production.

All great really great asset to have in the bag, with the added potential to farm out various aspects of production. For those with one, this is a no-brainer FOR THOSE WHOSE HEADS THAT STOP BELOW THEIR NOSES....I WOULD NOT BE INCLINED TO BLOW TOO HARD.

Then NEXT we have Finland, and then on to GoldBlock.

Things are being moved ahead at a faster pace. which of course is the
big attraction of a multi-asset company but only for those that can see it.

but of course you can always listen to S7 and his bumboy KB2

[kimboy2] 16/11/2017 17:30

They should have got an agreement with the landowners before they started

[paleje] 16/11/2017 17:21

I wouldn't consider it with real money Stig, but if I could get the risk shouldered by or shared with the contractor I might.

As for the landowners they're bartering, that should have been anticipated I agree.

[the stigologist] 16/11/2017 16:38

It's unattractive if you're taking on currency/political/timing/geological/mechanical/environmental/bureacracy risks in a foreign country

would you invest $30m of real money now for a potential return of just $15m 5-10 years down the line ?

[paleje] 16/11/2017 15:31

18-20% IRR post tax isn't unattractive surely, if they can negotiate a contractor build deal with capital costs at a minimum. But that's all if, and the landowners need to be on side too. And things moving slowly on all counts, no prospect of revenue any time soon so every prospect of further cash raises.

There might be another way of getting the mine built, I'm only speculating nothing has been said, but COIN, the fintech co which CP co founded and still has a hand in, gave a talk last week about new and unconventional fund raising schemes they're developing specifically for the mining industry. Fintech related.

[sea7] 16/11/2017 14:54

jeez, they are negotiating with landowners to buy the land. Well that will be a long time in india then. Once the price has been agreed, if ever, then it will take ages for the extremely slow and cumbersome bureaucratic process to transfer ownership.

Then, he states that..

Should commercial agreement be reached, subject to financing, the building of a mine at Jonnagiri could commence as early as Q2 2018. It is a two year build.

..........

He is not even sure that they will even get the land or any cash and then he thinks it could, not will, commence in Q2 next year. They have had this jonnagiri licence for years and they still haven't got ownership of the land it sits under.

Oh well, miller/rodson is up for another rinsing.

[kimboy2] 16/11/2017 14:45

So they haven't bought the land and they haven't got any financing yet construction could start in 4 months. What is he smoking?

Perhaps someone could work out the dilution implicit in a 2 year construction period.

It is a non starter.

[1rodson] 16/11/2017 13:55

lolololo learn to dig for info kb2

I am happy with this as it bodes well for the future as there is more.


· NI 43-101 compliant Feasibility Study completed.

· The Base Case production profile is based on the 151,020 Probable Reserve gold ounces only and shows a Net Present Value of USD$28.2 million (pre-tax) (based on USD$1 = INR67.08) applying an 8.48% discounted cash flow rate (appropriate rate determined by Indian tax and accounting advisors).

· The Internal Rate of Return for the Base Case is 24.0% pre-tax and 17.8% post-tax.

· The Total Production Case, which includes the processing of low grade stockpiles and the Inferred Resource within the optimised pit shell, produces an NPV of USD$34.9 million (pre-tax) applying 8.48% discounted cash flow rate.

· The IRR for the Total Production Case is 28.0% pre-tax and 20.9% post-tax.

· Land acquisition negotiations still in progress with local landowners to achieve a commercially acceptable price to Geomysore.

· At full production Jonnagiri is forecast to produce approximately 25,000 ounces of gold per annum.

· Geomysore's portfolio contains numerous exploration and development targets and the South Kolar Project represents the next target contemplated for mine development.



Cameron Parry, Lionsgold CEO, commented: "We are pleased to report that the Feasibility Study is complete and demonstrates a robust project that can be developed into India's first privately owned gold mine.

"Mine development at Jonnagiri is subject to agreement for land acquisition with relevant landowners. Should commercial agreement be reached, subject to financing, the building of a mine at Jonnagiri could commence as early as Q2 2018. The build is planned to take 24 months and at full production the Jonnagiri mine is forecast to produce around 25,000 oz of gold annually, which would contribute more than a quarter of India's gold production based on current domestic output.

[kimboy2] 16/11/2017 12:46

I would presume Geomysore looked into it before getting Lion involved.

Don't really see why Indians should be more stupid than everyone else. You can get far better value if you want to buy a gold mine.

[the stigologist] 16/11/2017 12:37

A marginal project. If India is all that into it why not demerge it onto an Indian stock exchange ?

[kimboy2] 16/11/2017 12:34

Indeed. An npv calculation using pre tax, a generous gold price and an optimistic discount rate suggests they know it is a non starter.

[the deacon] 16/11/2017 12:18

Rechurn of the Indian gold asset, which isn't very attractive. Attempted pre-placing pump imv.

[kimboy2] 16/11/2017 09:11

Well there is no potential for growth from the Indian mines, just further massive dilution.

[1rodson] 16/11/2017 08:52

KB2 I would say look at the huge potential for growth which is what share buying should be all about.

Your problem is obviously one of mental stagnation well that said what can anyone expect of you being stuck in the most stagnated of all stocks on the AIM.......GOLDPLAT!

[1rodson] 15/11/2017 23:32

KB2..... You just don't have a clue do you.

I guess that is why you are drowning right up to your neck with that dead duck share GOLDPLAT

[kimboy2] 15/11/2017 20:39

Well for a start referring to their Indian investment they say;
Overall, the net present value rings in at US$25mln...

The fesibility study made clear that this is pre tax. Post tax it is $10-13m NPV, and to get that they need to risk $39m capex.

Makes you wonder what else they are prepared to 'gloss over' to keep the suckers interested.

They should just write the Indian mining nonsense off.

I suppose employing somone apparently sacked over a 'bribery scandal' may help to keep the suckers interested while they raise some more money.



Fill your boots so Dan can get his money out

[1rodson] 13/11/2017 15:21

re above add h t t p: / / www. with no spaces.

[1rodson] 13/11/2017 15:03

JUST HAD TO POST THIS INFORMATIVE INFO AND SAY ITS TIME TO FILL YOUR BOOTS.

[...][...]

proactiveinvestors.co.uk/companies/news/187144/lionsgold-going-for-gold-in-india-187144.html

[sea7] 09/11/2017 09:00

he should, I have him on filter, after putting up with his inane dross on the goldplat board since 2011.

Perhaps you should look at his posts on the ukip board under rodson1 and danielmiller1 and then you will see just what sort of disgusting individual rodson/miller is.

[brad44] 09/11/2017 08:32

1rodson, use the filter button

[paleje] 09/11/2017 00:04

They seem to be attracted to you rodders, like mosquitoes or wasps, and the more you swat them the more they come back. Lure them away, nobody here gives a monkeys about GDP.

[1rodson] 08/11/2017 21:56

NO POINT POSTING ON THESE BBS now thew evil nutters are here. I have my holding and I am happy.

As I am not a people person by choice the rest of you can proverbially go and fvck yourselves.

you Lion holders by allowing KB2 and his bumboy S7 to ruin this BBs are not worthy of further consideration.

[1rodson] 08/11/2017 21:56

NO POINT POSTING ON THESE BBS now thew evil nutters are here. I have my holding and I am happy.

As I am not a people person by choice the rest of you can proverbially go and fvck yourselves.

you Lion holders by allowing KB2 and his bumboy S7 to ruin this BBs are not worthy of further consideration.