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Not off topic. It was a question!
Best estimates regarding share price range when (not if!) Namib is a producing mine, anyone?
Possibly just waiting for the current drilling prog to complete ...... scheduled for end June but delays from breakdowns ( incompetent Management of drill machines ) on both the drill rigs pushing this out ........ could it be end July.?? I wouldn't think we could begin mining until reserve is at least 8yrs mine life. Grades do look good ....... hope we can keep this up and hope Management doesn't roll over to an easy life just taking convertible loans off the Aussies at monstrous give away convertible rates ( ie 100th sp ) Managers and Directors do this just to keep themselves of the dole que. and screw the PIs.
and the wait continues....... anyone any idea approx how much funds are left and our monthly burn rate, after the previous info about likely fund raise it all seems a bit too quiet.
Likely you are right ....... only buys and no sells showing. MMs trying to walk the price down ?? Two things I don't like here ........ Aussies involved and they specialize in diluting the PIs out with endless convertible loans at monsterous conversion rates then grabbing the goodies on converting loan stock to effect a complete take over. Sadly the provisions for some local ownership aint gonna protect PIs
Read the proactive investors update today so placing coming for "working capital" and no clear end to when the license is coming or even, with current legislation if the license, in the form it currently is meant to be issued, will be compatible. Have a horrible feeling the placing is going to be sub 0.10p just thanking myself that i hadn't topped up yet to try and average down.
it the ...Final Results
Massive break out today !! with huge drop in stock holdings ?? Check the graph ie the five year and volume there on Looking a bit like Condor ?? 5 year graph. Building nicely then !!
Why is there no shares being traded since 25th??
Further updates 'in due course' per the last RNS.. How long is a 'due course'? I wonder.
It's too damn quiet Carruthers, what's going on....
I keep hoping that the mid term period will end soon as that we will get a nice substantial recovery (please come back the days of fluctuating between 0.5 - 0.7p)! Dont we have news due soon on what we are going to have to relent on to get this license (no doubt we will end up having to give away a not insignificant percentage to some 'well-connected' group) - all just imo. But the sooner we can nail things down and just get on the better. Am still fearful though that we have a cuckoo in the nest with our financing.
SP will be somewhat higher when we get the stuff out the ground
£0.0014 will be a five month high.
Yes, I sense progress too, and am clearly not the only one. Negotiations are critical to ensure NRRP piece of the pie, and therefore shareholders obviously, is maximized. No doubt pressure is quite intense.
13% up - steady rises all the way to July/licence from here. The licence is in the bag - it's just a little negotiating over best possible terms.
My guess is that this is going to take a few more months yet. I'm not accumulating on this news today. It will happen though - just when?
I'd certainly hope so, but I don't think this will be a very speedy process, especially with the comment - The Notice makes provision for further engagement between the Ministry and the Company to seek agreement on final terms and conditions to be attached to the issue of a mining licence
We should have news in the next 7 days. Let's hope NRRP shareholders are not shafted by unreasonable requirements form the Namibian government. It now a HOLD for me.
Yes, there should be news before the end of April with regards to the terms and conditions of the license. JP
Which I accept is probably flawed, shouldn't there be some RNS v soon regarding responses to the Namibian authorities to satisfy licence requirements... It's been very quiet.
Take a look at ROSE, sat there minding its own business now going to be massive on the bounce. Same here soon, just needs a spark and the buys will come pouring in. GLA
Looks like it will keep gathering momentum, not many shares giving out 5-10% climbs on a daily basis. Waiting for the production license after the successful testing should see us continue to gain value. GLA
News next week to take us over 0.2!!!