Metals Exploration Share Discussion Threads

[achillesheel] 15/3/2017 20:13

Hopefully lopez won't get reconfirmed by the CA and the immediate issues can be resolved or the mining companies involved can put forward some sort of resolution to the presidents office

[jailbird] 15/3/2017 19:23

That is very true Wiseare,However I just do not believe them anymore ... sounds like a broken record nowTell will they make their payment commitment ?They could have quite easily reassured the market but they haven't the Company's silence about matters that should be updated upon is big clue when news will not be good or as expected

[achillesheel] 15/3/2017 19:19

The other factors referred to in the rns is the current political situation within the philipinnes

[peterpowell21] 15/3/2017 16:47

i have to say that this management must be very near the last chance saloon,with the very large holders here.
They are losing a fortune here, so their patience must be near the end by now.
there is only so long you can keep paying someone for not getting results.

[gisjob2] 15/3/2017 14:02

Todays RNS might not be the end of the world but what about the payment that is due ? Has the company got this covered ?

[jailbird] 15/3/2017 13:19

What price did Ruffer buy in?3.75p?... nice profit if he sold the lot at 5pSmart cooky... he got whiff and got out One to learn from I guessYes Lord Badger, lets have some positivity from you I am waiting for your positive spin ... did you buy anymore today ?

[sleveen] 15/3/2017 13:09

blueclyde
15 Mar '17 - 07:12 - 1538 of 1564 0 0
At least they are generating some sort of cash flow that is the most important thing


Not really.

The start up costs will be far more than the funds received from gold production. Take a look at AUE...if you dare.

Chances are, that the revenue and costs will be capitalised until operations are declared commercial.

[jailbird] 15/3/2017 10:43

Time to invest in this is when news comes and is positive .. you will have time to buy even if a penny moreNow is just hope next news is positive

[jailbird] 15/3/2017 10:40

I do not why I invested either I should not be surprised with their track record Let me know when 5p comes again.. not gonna be soon if we fear the 'other hidden factors 'Could be happier to be wrong .. believe me

[jailbird] 15/3/2017 10:17

All I can say is , I hope I am damn wrong !!And the rose tinted mob is right who have held for a long time are right !

[jailbird] 15/3/2017 10:14

OkThat is what I need to know Is there cash flow (positive)Will they meet payment deadline ?Delays of this nature are out of their control and are at the mercy of the government ... there are not timeline guarantees...RNS should be clear ...other factors is not clear , so back to speculating again I am certain they will use this an excuse This Co always finds one

[wiseacre] 15/3/2017 10:13

Any thoughts from Lord Badger?

[achillesheel] 15/3/2017 10:13

jailbird you just need to look at the long game not short term 3-4 months, 10 year mining life 1mill ounces without resource upgrade.

[wiseacre] 15/3/2017 10:09

They have promised a quarterly report by 30 April. We will see what comes out of the wash then. With luck some of the political uncertainty will have been resolved. They have made gold sales so there should be some cashflow.

[jailbird] 15/3/2017 10:05

For amount of shares in issue The volume is smallYou need the IIs to buy inAt the moment we have /had an II seller

[jailbird] 15/3/2017 09:50

Wiseacre,That is your opinion , means nothing just as mine means nothing .My opinion any mire delays then there will be more money required They have not proven that they are generating cash flow yet

[jailbird] 15/3/2017 09:48

The delays and other factors will Knock thus down the road for another 12 months and another fund raising Give 1p more and I will sell my lot.Hopefully I get my chance in April

[wiseacre] 15/3/2017 09:48

It should be plain to all that the company did not want to put out a statement but felt it had to because of the immense pressure. I do not believe another share placing will be necessary.

[achillesheel] 15/3/2017 09:18

taken some more on the drop, just been checking the rainfall levels some areas have had over a month's rainfall in one day.

Seems as though everyone else is taking the opportunity here mainly buys 7 sells first thing hence the drop, hopefully in a couple of months we will be in a different place.

[jailbird] 15/3/2017 09:10

Ok last sentence.. so why not say what that other factor/reason isWhat is the secret ?Tell you why... because they can state it the next reason they are missing targets ... keep in the back pocket .. Well at least you can agree 100k is not gonna be achieved this year .!

[peterpowell21] 15/3/2017 08:47

jailbird

Its not the end of the world.
the company says this.

The Company continues to closely manage its working capital requirements under the current circumstances.

Well i would expect them to do this even when they are at full production and making plenty of money.

this sentence is interesting.

Pursuant to its Financial and Technical Assistance Agreement the Project remains in the "test running and debugging" phase. As part of these works the Company has been successful in exporting the gold doré produced.

So are they waiting for some sort of permit again to be able to move on from the "test running and debugging"?

Mining and processing operations are ramping up slower than had been expected and this is almost entirely due to a prolonged period of incessant rainfall and other factors.

Other factors.
i would say those factors are the reason not the rain.

Sell or sit tight.