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Hardly unexpected list of expenses for progress which would never have been far away. Now let's be positive, get that licence and make some progress.
Placing:
Inevitable?
Positives:
Able to raise 800k at this point in time,
Price, irrelevant , as the sp is already at an all time low?
Funded for the foreseeable and there will be no issues with issuing final audited accounts?
Negatives:
More shares in issue?
Now we need that frigging licence?
Mr T
More confetti. same old
Colin Bird needs spending money!
I don't think that activity was real trading though? Too thin and most of the trades were piffling. I thought one of the large trades was a reversal of an earlier one? I had this happen to my trade on another stock recently. I couldn't understand why my buy wasn't showing correctly, pence differential? It was then reversed the following day hence creating 2 trades!!!!
Nothing happening today here so Friday volume was an irrelevance, either as above or broker's tidying their books! Weekend?
The wait goes on?
Mr T
Posts have dropped off Mr T but I don't imagine people are giving up. I posted re all the activity Friday with ambitious thoughts of upcoming news. Maybe it unintentionally infringed posting rules in some way. Not published anyway.
Looks like it could be another month!!!
Deathly silence here and more worrying many older poster appeared to have thrown in the towel?
CB needs ti update us here on to what exactly is going on. Why thevling process for the licence when he insisted the suthorities were fully behind this project?
Mr T
Without a mining license...... however, some good volume on Friday, 85m (Vs 8m daily average) so perhaps someone in the know knows something......over to you Mr Birdy.
You'd have more credibility in my eyes if you didn't childishly pat yourself on the back as much.
Still feel the chance of this rising is far greater then your prediction at this mcap. Especially once/if they sort out the budgeting and the news flow finally starts. Anyone's guess really
I too had the feeling that the 17th held the key. Of course, there could have been a problem but since we've heard nothing, I suspect not. It certainly tests the patience after the long wait but presumably the big holders are waiting so we can do nothing . GLA
There was something about a licence being agreed by the 17th but i think I read it wrong. Last date for commenting on this EIA: Friday, 17 November 2023 so I thought if there was no ejections it would then move forward.
Tarquin,
Why do we think there may be an RNS Monday?
Mr T
Well I mean Monday I think there will be a RNS
We will hopefully find out in 2 more days if I was right to buy that extra 3mil shares :) GLA
Yes- but obviously subject to fluctuation.
So the actual spread is around 18%.
From this tiny market cap
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.