1. 'What do you think the company will find in these 8 bonanza gold zones and jewelry boxes?'
What jewellery boxes ???? Fact: There are currently ZERO jewellery boxes at Mt.Kare. Tony Burgess stated sometime ago that he believed that there was the potential for Mt.Kare to host jewellery boxes, and that's what they were hoping to discover someday, but currently ZERO jewellery boxes are known to exist.
2. 'There is quite a bit of bargaining power if you understand how Private Equity make their investments in company's without diluting shares.....' 'Loan for acquisition and capex investment, maybe a small shareholding 4-5%, then use the cashflows of the asset to pay back the loan and interest without the massive dilution people theorise on these forums.'
You really do have your head in the sand on the issue of dilution don't you. There is no theorising. Do you not remember that IDC once floated at 20c with @250 million shares on issue? Fast forward four and a bit years and thanks to MASS DILUTION the total scrip is now 5 times the original, on top of a share price that has fallen 95% since listing. Look at the latest CR. 50 million new shares issued at 1c just to keep the wolves at bay for a couple of months. i.e. no happy ending in sight for LT shareholders, some of whom once purchased a slice of the 250 million total scrip between 20 and 39.5c.
Currently the company has very little bargaining power IMO. Firstly there is still no EL renewal to negotiate a JV with. Secondly they have NFI of what the cost of extraction and recovery rates will be. That is because no BFS was ever undertaken (despite assurances from Promnitz) to determine recovery rates, preferred method/s of extraction and associated costs.
So the 10g/t figure that you've highlighted a million times in past presentations may end up being more like 6-8g/t in the event that recovery rates are between say 60-80% using gravity concentration only for example. Notice that Promnitz never detailed the method and cost of extraction and recovery rates in his presentations because in truth he had NFI what they would be.
3. 'The company never defaulted, Rodan extended to loan to ensure minimal share dilution while the JV is in place.'
The part about the company being in default has already been mentioned, so no need to go there again. And I don't believe that Rodan's primary reason for extending the loan was to ensure minimal dilution. There were far more urgent things to consider IMO, such as extending the loan so that the company could remain solvent.
Also, what 'in place' JV are you referring to exactly? The one that hasn't been negotiated yet?
Boy oh boy, you really are jumping the gun and assuming a lot of things that haven't even transpired yet, and sadly may not occur at all.
So while you and your mates have been buying from and thanking the sellers for @3 years now (i.e. all the way from at least 15c to 1c), we understand why the sellers may want to thank you in return.
IDC Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
