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"Since 2014 that Togo has been trying to join the Commonwealth." Yeah, we know how that feels - we've been waiting the same length of time for our extraction license!
On application to join:
https://www.google.com/amp/s/www.africanews.com/amp/2022/04/25/togo-mps-pass-vote-to-join-commonwealth/
It was obvious that Russell was completely flabbergasted at the goings on, whilst he couldn’t confirm anything, there are still movements, he also mentioned we have expanded our “local water project” to assist further the farming community!( details of which Togo did not want to be confirmed!)
With the expression for Togo to join the commonwealth, could see a reflection.
But……. I’m in no position to comment on the boards total thinking on this subject!
Best left till the AGM to hopefully, discuss more fully!
PC
Assuming your elephant in the room is of the African variety … did you get any insight as to what the timeframe might be and whether that could be 2022?
Thanks PC
Good. I think the number of shares on issue, and the nature of AIM / share price movement on nominal trading is detrimental to our overall valuation.
As an 'in production' company, it would reflect far better on us if we're not quoted at a 1/10 penny and would likely lead to a bit more 'stickiness' and price stability. Especially at such a paltry MCAP.
It had as we are aware been announced before as a possibility and today it was raised again and is being considered!
May have more news commeth the AGM !
PC
PC
Any mention / questions asked about consolidation of issued share capital?
Russell also confirmed that First Uranium Resources did in fact want a bigger slice of our business which we were reluctant to give and have purchased more, with a TR1 notification likely to come out!
PC
I did ask if the comms will improve ( couldn’t get any worse!) and Russell admits it’s been a difficult period and now it’s settled we “will” see an improvement and not from either of our brokers !
And on the fact of us having two brokers, it was a question of “ nomads” and capital!
Each had their benefits and do work well together in the interests of the company!
PC
Whilst it’s disappointing that I was one of two investors at said meeting, can understand why!
Business was over in a very short while, even the coffee was still hot!
The main thrust of questions then concentrated on DC and given our new position, there appears to be many avenues we can go down !
Russell explained and showed samples of the varying forms the mining takes, from rock chips to powder!
Each having their respective traits and the likely lead times to get responses from the various end users!
However, as we have been at it for some months now Russell explained that a few customers had asked for their requirements be held in storage and upfront payments made to ensure continued supply!
Just need more of them!
We also touched on “carbon credits” it is something we are looking at not from investments but being able to offer our certificates to farmers who then can use credits as a subsidy to farming!
On the “elephant in the room” it’s still on going and whilst nothing concrete came out, the board are hoping for their possible entry into the commonwealth would see a need to show how well they handle a U.K. company, being considered before admission!
There is likely to be an AGM in July , where an update on the various issues will be covered!
But for me it was a positive meeting, certainly worth attending even if it was sparse!
Now on the road back for three hours ( no texting )
PC
Afraid I'm unable to attend now.
I anticipate there'll be nothing of note from the main business, but hopefully some nuggets can be gleaned over a cuppa.
I cannot make it there unfortunately, family commitments.
Please take notes and share here, should anyone from this board attend :)
Thank you
- EP