London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yeah, agreed one on my watchlist. Decent assets at bucket price, mainly due to funding and being stuck in limbo.
When they finally Give you something to be excited about, it could do a prem style rerate. The herd will come...
Correct, ignore the displayed spread here, false!!
We could get some news on the licence by the end of the month if not sooner, I expect to see some action once the 17th has passed presumably without any objections?
If we do indeed get granted the licence what are the likely benefits for the sp? Where do we see it going?
Personally, I don't think there will be much reaction which will follow the trend here. The only way I see a big uplift now for the sp is, either, good financing arrangements announced for Hope, Gorob, or Mankayan listing or us selling our stake for a substantial sum.
I'm fairly certain that any Mankayan news will be 2024? Based on what I know and hear.
We need to grab the interest of the market and PI's to ramp up the volume which is also key to a sustained rise in our sp.
Comments please!
Mr T
Dummy trade shows actual spread of .000271 to .00032. Massively less than 60%. Besides which what do you expect for a microcap company?
Insane. Who's gonna buy?
60%, your having a laugh. What’s going on. Think that’s a record for me
It's the same license application number (246), and the new ("petroleum") tab has additional text for "Granted" and "Expired". This is what makes me think the granting of the license might be close.
I don't think there's any petroleum license application, I think they've incorrectly indentified our mining license application, being license 246.
Mmm . Close to Walvis Bay. An oil licence as well . That would be nice. Maybe Colin forgot to mention it or maybe not. Curious, though
. . . . on the Namibian Mining cadastre website - https://maps.landfolio.com/Namibia/ , it's saying that our application to mine (as submitted in July 2022) is "Active".
The new tab states that we have an active *petroleum* license, so I'm yet to be wholly convinced that we've finally bagged our license to mine copper, but it's an odd online development if nothing has changed.
Nobody is going to buy with a 40% spread the MM needs to sort this out
Anyone see the news over at Global Pet today, they have oil and gas interests in Namibia!!!
Thoughts anyone???
Mr T
Mr T,
Looks like the last day for interested and affected parties to comment is the 17th November, I haven’t read all the documents but it looks like they applied for a environmental clearance certificate, and a heritage permit. So a case or more thumb twiddling.
The ECC normally show up here ; https://eccenvironmental.com/
Nothing showing yet
Every
Good find.
Does it mean a decision by 17th November?
Mr T
I just bought another 3 mil based on the last RNS
Trying again with this one... at least some better news this time
GLA
Not new, all covered in last Friday's RNS.
Silver,
I little harsh, but I get your point!
The reason no small miner is very rarely bought out is, I suspect approaches at such low levels would instantly be rejected and the share price would be up ten fold with even.a whiff of such a move. There are countless bzt examples on AIM!!! It's not just us.
Important here we now keep up some news momentum and we get the licence sorted.
Funding, last raise was April 23, at 0.04p, 750k, so if we have some newsflow which is positive the sp could react and there will be an opportunity to raise funds.
The mine funding will be external finance, I suspect a JV may be on the cards also. BZT will never raise 5 _ 10 mill to build and commence operations at Hope without private equity and finance. CB has inferred many times that these talks have been ongoing, Chinese input was mentioned I believe at one point!
Mankaysn it appears is now 2024 at the earliest, maybe its time for us the sell our stake and let them get on with it!!
Mr T
We clearly need to JV to get anything done.
Reply to Banzai
I do recall somewhere CB stating this. Midweek roast maybe. The licence is needed, this 3m mcap should be long gone.
Banzai. Sadly funding comes before starting open pit mine. We've already been diluted to the moon and back and borrowing is very expensive (if you can get it for this project). As I've said before, if this company is so undervalued why has nobody made an offer for it? A long term disaster with a self serving idiot in charge. Don't get your hopes up in this dire market
Not sure if I qualify as an LTH. It just feels like I've been in this a long time.
Unsurprisingly, there hasn't been much reaction to this news. It'll take the genuine prospect of this crock making money before the SP takes off. Licensing, funding, flogging one of the assets, Colin Bird buggering off etc.
Here's hoping.
How are we to fund?
Get the license, start open pit mine, sell copper and gold, drill some more. 👍
Hi Mr T,
I’m still here just not much to say at the moment. I have been talking to the company regarding the PFS work on mankayan. They expect the work to carry on into 2024 and may not even release the study unless IDM put it in the public domain.
I have scanned the RNS today so can’t really comment but I did noticed that an additional 3500M of drilling was recommended and the resource may be overstated due to some of the old samples.
I noticed on the cadastre portal that our EPL 6605 is still pending and that our EPL 7170 expired- I have asked the company for an update regarding these.
As everyone else says the mining license is needed but more importantly how we are going to fund the additional drilling and how we are going to fund the mine! i would assume we are running low on funds again.