George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Thanks fir that @lsetown, I see what you mean and as you say, in fact it likely will not amount to a great deal.
You are right to question where this is going. I sit on my holding for now as the average cost is only a little above current value, but for how long? Here’s hoping patience will be rewarded!
As far as I understand it, JA thought that a 'Royalty' could be part of the farm-out deal. It was mentioned that it was to amend for back costs put into Cameroon already. Have a look at this RNS:
https://www.lse.co.uk/rns/TRP/cameroon-farm-out-update-cu5piadj6sukc9t.html
Hopefully 37.5% of 10% of the farmout isn't much, but like others I am starting to wonder where we are going with this.
JA's Pegasus already gets a handsome 12% per annum interest and let's face it JA could easily raise the cash for full repayment if he wanted.
Usually means a payment for doing nothing...
Not sure I get what is meant by “royalty” referred to in the Pegasus loan , does anyone know what this royalty is on or does it in fact mean profit after tax?
The only thing you can be sure of with TRP is don't worry if you miss one cash call because there'll be two more along in a minute. And anyone who thinks Asher is getting rich here should look back at TRP's drilling history. He must be the most unlucky explorer in the history of oil exploration. To be fair to the man, much of it has been with his own funds.
With this company the SP is largely irrelevant at the low levels. From experience, you need to be patient and not expect this to behave as a normal share. By this I mean, be prepared to lock in your money until news!!!!! What a share.....and I am invested. What a leader.....continues with zero comms as usual.
Fund this company
It would be nice as a shareholder to receive 12% interest on the money invested to find this company
Amazing potential here, and could explode any time, but the lack of progress and communication is really starting to irritate me. Seriously, Jeremy, what’s going on. What’s the plan for 2021. What are your objectives, how and when will you achieve them to deliver shareholder value?
I’m starting to get a bad feeling about this!
The only one gaining here is Asher !
I’m startling to get a bad feeling about this!
The only one gaining here is Asher !
Been in this for a while now and the lack of ambition and progress is staggering! Looking more and more like a vanity project for JA, something to beef up his portfolio while he concentrates his efforts elsewhere on our dime
The pandemic isn’t an excuse for not drilling. BPC and others managed to drill in Dec / Jan.
It certainly isn’t an excuse not to get a deal agreed by now, with a drill schedule some time in the future.
There is a whiff of arrogance coming from Jeremy. It feels like he is the sort to wait for people to come to him with a deal rather than going knocking on doors and potentially being told thanks but no thanks which would dent his ego. Jeremy should be feeling embarrassed at this point in terms of lack of progress and the only development being a continued 12%, which seems a little excessive when he is providing the loan himself.
My patience is starting to dwindle...
is there a stink brewing here then ? no real news ever in this stock just loans, dilution and directors options
So if the loan isn't paid by 21st june, Pegasus will half own the Thali well? Asher has done well for himself there
And just like that, an RNS to answer your question :-)
Extended today
Any word on the Pegasus loan facility which expired last month?