Richland Resources Share Discussion Threads

[zen12] 20/8/2019 12:52

Put straps on this is about to fly lol

[herb clark] 20/8/2019 12:51

What do the codes mean??

[zen12] 20/8/2019 12:50

Loads of trader codes going through....1 4 2

[herb clark] 20/8/2019 12:45

10.4 to buy

[billthebank] 20/8/2019 12:42

Have to admit Lloyds will not entertain any sell quotes Even £100!!!

[zen12] 20/8/2019 11:57

1 full hour now without a single trade or quotes online?

[zen12] 20/8/2019 10:28

Agree, once this overhang cleared watch this go. Just like TLA it will go rapid with the tiny float. Yes patience is required, but my instincts tell me the seller is now done..time will tell!

[jev1] 20/8/2019 10:20

TLA was the same initially, Bill.

Cash shells are viewed worthy of a £3 Mill price tag due to the cost to set one up from scratch and this is only £0.8 Mill currently.

[billthebank] 20/8/2019 09:48

Hmmm Not as confident as you Will need patience here as there is clearly a significant seller here annoyingly unlike TLA

[zen12] 20/8/2019 09:02

MMs clearing backlog, this should fly soon..

[zen12] 20/8/2019 08:06

Can't then any quotes?

[bullbearshit] 20/8/2019 05:50

Well you predicted iconic labs would be 0.3p yesterday. It didn't move & you said Richland would proper move today so we will see.

[profit7] 19/8/2019 23:17

Thus, with a market cap at sub-£750,000, serious players on board, a projected cash pile of £1.1m, and a bullish precious metals market (as the global economy moves towards recession) that is ripe for a substantial reverse takeover, Richland Resources is profoundly mispriced. So go LONG and take advantage of this market anomaly.

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MadChatter

Posts: 3,913

Price: 0.105

No Opinion

RE: Great Post from AdvfnToday 22:01
Oaktree Capital Management, who once opined that, "All intelligent investing is value investing; acquiring an asset for less than its value means seeing what everyone else sees and thinking what no one else thinks."

This is why it is absolute folly to watch Richland from the sidelines. If you understand the modus operandi of the players on board, you’ll get strapped-in at the earliest opportunity. And with such a narrow ‘free float’, the revaluation of the company is likely to be a timely affair. Better still, the three principals’ network of contacts in the upper echelons of the natural resources sector is something to be respected.

And with regards to Richland’s current cash pile, I’ve managed to crunch some numbers for you:

1. At the December 2018 year-end, Richland had US$0.03m (£248,000)

2. On July 04 2019, the company raised £100,000

3. On July 18 2019, the company received CAD25000 (£15,000) from Fura Gems Inc. as part of the non-refundable, upfront, option fee payment.

4. On August 02 2019 (7 days after the option date…), the company received CAD25000 (down from the original CAD125000) from Fura Gems Inc. This was also non-refundable.

5. On completion of the entire sale of the Option Assets to Fura Gems Inc., currently pencilled-in for August 19 2019 (Monday) or shortly after, Richland will receive the ‘Cash Consideration’ of US$185,000 (£153,000) plus the corresponding increase in the Cash Consideration of CAD125,000 (£78,000).

6. On completion of the entire sale of the Option Assets to Fura Gems Inc., currently pencilled-in for August 19 2019 (Monday) or shortly after, Richland will receive 4,859,825 new common shares in Fura Gems Inc. At CAD0.20 per share (yesterday’s closing price), the new shares are worth CAD972,000 (£604,000)

7. On completion of the entire sale of the Option Assets to Fura Gems Inc., currently pencilled-in for August 19 2019 (Monday) or shortly after, Richland will receive US$90,000 (£75,000) by way of a contribution towards the expenses incurred by the Company in respect of Capricorn Sapphire during 2019 to date.

8. On completion of the entire sale of the Option Assets to Fura Gems Inc., currently pencilled-in for August 19 2019 (Monday) or shortly after, Richland will receive new Fura shares as is equivalent to AUD150,000 (£84,000) by way of a partial refund of the financial assurance deposits.

9. And 18 months after completion, Fura Gems Inc. is to pay Richland a further AUD221,911 (£123,000) in cash (less any environmental liability claims made against the Financial Assurance Deposits by the relevant government authorities) being the refund of the balance of the abovementioned Financial Assurance Deposits.

So, all in all, and come the end of next week, Richland should have a cash balance of circa £1,124,000. This figure assumes the BOD sells the 4,859,825 Fura shares on receipt. Either way, Richland will be in rude financial health pretty soon.

[zen12] 19/8/2019 19:21

Also don't expect Chirman to say they're in rto talks or alike until after the sale has been approved. Just like TLA have said very little...remember PIs were saying the same things on TLA and that triple bagged last week..

[zen12] 19/8/2019 19:18

Don't think you understand fella and how these cash shells are valued. Just take a look at TLA and alike....you can thank me later!

[pilot48] 19/8/2019 19:10

Look at the date the threshold is crossed. It was on Friday. Explain the Chairman's letter where he says they're not in any RTO discussions. They're miles off and still waiting for TSX approvals. Nothing worse than a clueless pumper.

[zen12] 19/8/2019 19:00

You guys are talking nonsense, that sell was from Fri - look at the time/price of trade so nothing to with today's rns. Seller cleared (prob placee) onwards and upwards..

[bullbearshit] 19/8/2019 18:20

Fake news posters again!

[pilot48] 19/8/2019 18:03

The IIs say thanks for the liquidity, plebs. Look at the Chairman's Letter and he says they have no deals in the pipeline. How long wil TSX approvals take? So much for the heavyweights eh Barry?

[bullbearshit] 19/8/2019 18:03

Why would institution sell if a likely rise?

[jovi1] 19/8/2019 17:40

good news or Big trouble ??
more likely to be trouble as many other buy on the back of the institution buying

[shanur90] 19/8/2019 17:18

Yeh makes sense why it never moved look at that large dump

[jimduggen] 19/8/2019 17:04

Mms jolding it down due to 2 large institutional sellers. Tomoorow this bags.
Someone else been hoovering them up

[bullbearshit] 19/8/2019 16:47

Don't think mm manipulation. More like an uninteresting rns?