Member Info for AIMtodeath

At least if you grumble its not chaotic ramblings with untruths/ill read....... The Power to Gas is the light at the end of the tunnel for the error prone Foo, but that just became a dull long tunnel currently. Well tanking oil prices hit the thermal gas sales and Cameroon not paying bills to biggest company in the country are outwith Foo's control however. Neither is a stuck gun in his control. The total amount of thermal customers appears to be a magical list never to materialise, though the truth appears to be out there now given the prospectus shows virtually no growth going forward. Dik is overpaid by about x2. (thats being kind) Foo heralded going over the river, but meant to have 40 customers before crossing river...... how long will it take to pay back the river extension? Its Gas to Power, or a very long future selling gas to local companies. I've a feeling Power sales will come back but only after Cameroon has sorted its �$%"�^ out! There are a lot of companies owed a WHOOOLLLLEEE lot more than VOG are owed. As others are all part owned (some largely) by Cameroon themselves its rather wierd that they are basically not paying themselves, but its run its course, they can no longer keep the merrygoround going as too many other parties now hurting and no longer paying ball with them.

But all this while your moaning like a biach your probably scaring more punters into selling making your position worse.... Cameroon has not being paying its bills, has ENEO or VOG done anything wrong? Except fund the Gov debt to them for too long. It may well be a 50/50 either Cameroon implodes and your left selling to some companies in a port or Cam Gov starts paying and the lights get switched on again. Simply they cannot turn the lights back on with new dams, so they need power from somewhere else and VOG ready in the wings.

But a company does not go broke when it has assets that are selling to 'customers'....albeit a small number. To say 'what' customers is a ridiculous comment. Do you not read the company reports? CASH IS GENERATED! Not enough to carry on new drills etc but enough to pay the bills until (IF) power comes back to them. They received enough money in placing to pretty much repay the loan, they therefore have at least $20m headroom on that, which means they will not go broke anytime soon. Companies are not in the business of giving out RNS' to massage short term share prices. And to be honest a short term RNS saying bugger all would probably do more harm than good. Possibly they are praying that by the time they must release an update it will be all sorted. I don't deny Foo has been good to himself, Dik is creaming it in for doing not much and VOG gas supply is a vision in a place thats not ready for it yet. Africa still coming to terms that you actually have to pay for stuff rather than be given it all the time to dish out to your relatives and mates. This is not all about VOG, this is a Cameroon problem and many businesses in Cameroon are suffering and through no fault of their own. Cameroon will be pressurised by the EIB and IMF no doubt going foward to be more accountable, I am sure this problem will lead to funds drying up until they can show a better fiscal policy re: energy. I suspect you might be waiting a year for things to correct in Cameroon and investment in Power to return. Until then the SP is just a number and another long wait for VOG to actually perform.

MMs not too keen on a narrow spread here.

I don't own any shares.... I have nothing to man up to or live with. Just pointing out that your a hypocrite.

BID now. Market starting to buy again.

Go and fight the trolls on the TSCO board, funny how you can troll one board and then defend yourself against them on another board.....

Price means nothing right now. The market and over selling share holders will make for a bumpy ride. Trolls/traders will be here to get under your skin. VOG has assets, VOG has customers, VOG has cash flow, VOG has bank loan..... it just doesn't have a large power contract. Is there a valid reason for this? Yes. Does the market or traders care....no, they care about movement in price.

Another intelligent post!

Not because market says it will or Mr TAfool, but because thin volume/post market jitters has taken the price to the drop point on the fateful news and just above the majority buying low last year. It is the fear of these shareholders not to go in the RED, which will lead to a domino selling effect as they sell out before going into negative territory having seen their 100% gains vanish. That is why you might see 25p. Nothing has changed otherwise, it hurts more short term, but payment of ENEO and commencement of gas to power will see it surge. Note the company is not cash poor! Note the company does have base customers!

JONJO = ******ED They have a $26m debt facilty! And recent placing would have repaid that, so how long do you think a company that can break even on current customers will need to make a cash call.....at any price? I don't mind a deramp/negative view but I detest utter ******k/drivel! Price has dropped recently because of market jitters and VERY thin BID volume/liquidity from the market, so small amount of sells is dropping the price. In a thin liquidity period, shareholders are responsible for their own demise, you sell the price goes down as market not interested in buying..... MMs love a bit of volatility, strip BID volume and watch it drop with the shareholder domino effect.

Do people live in lala land? 40p takeover? There would not be 1 shareholder that would accept that price, what complete tripe. States went OVER 5% in Jan, that is ALLLLL you know.

Cech Government issues and deep mining, how long do you think that one will take? Big Capex too.

Nothing to write home about for them. They appear to have tasty grades, but mainly deeper and in MALI! Near term where would you put your money? Interesting they have a Chinese strategic partner and offtake and they have not even put out a JORC yet. (8000m drilling done) How long to licence?

Think Archer has stated he is up to his eyeballs currently and plenty to be getting on with, before taking on anymore green projects. Need to be cash generating to grow the business going forward to protect shareholders now. End of next year before I would see any new ventures being looked at. If anything Oman expansion to really get a good copper foothold would be a primary target, given copper futures (3 times as much copper in an EV than combustion engine!). We have plenty of Lithium targets to drill and even a secondary market in the Finnish Lithium areas (access to the Northvolt factory with that in future years?) I wouldn't want them to overexpose in Lithium either, plenty of other very important metals to be a part of. Kenmare is a one resource company and it suffered badly. Crusaders and potentially other lithium hopefuls could be looking at the next 5 years and potential to get at the table with quality battery Lithium products and folding their cards early knowing they can't compete in price/cost and quality of more near term players. SAV is in a unique postion both in place and time to steal a march on other players, its allll about size now. 20Mt at Barroso would be a excellent start, 10Mt in Australia would be lost in the big players but 10Mt on European doorstep would be good enough. Strip mining makes this viable of course, good profit to bring on other areas, better than finding $500m to start a big project, bring on bits at a time, not in too deep.

Trisse, do you have indications that Reggioso will be drilled this year? I would have thought they might stick a hole in it when they have proven up a resource big enough to mine at Mina do Barroso, as the next logical step. Barroso is the near term goal and all effort and money will go into proving a big enough mine to start production near term there surely? There are 8 or 9 nuclei to be drilled first on Barroso all with a current licence.

Bottle necks could occur when there is competing ore..... if you have good product you will be front of the queue and it will create its own market price. 6% spodumene in Europe will be a micro market and less cost than shipping from OZ, which will be sucked into the expanding Chinese market anyway. Where there is opportunity there is investment. If LC and LH is rocketing in price due to low production supply, someone will fill the gap and/or the final receivers of batteries (car manufacturers) if they find batteries too expensive and in short supply, may well setup joint processing plants to create a supply great enough to meet the demand they MUST meet.

It appears a bit of not following the 'Legend' assays 43 to 57 yet to be received. I thought they were dead holes at first but they remain to be received in the western side to see how far that juicy bit goes, NW and N. There is reference to this already as this is probably referring to the 150 to 300m width extension, so there is something in those assays and current drills only showing to 140m so 185m must be from the results still to come. They pushed out further to the west with the sacrifice of some closer drills targets (already proposed) near hole 19. They probably took risk to get indication of just how far it goes with option to fill in the gaps. This would also suggest the reason to stick a few holes on the other targets, someone might be asking the question what extents, fill in later! I think NE should be NW!

Having grades above 1% would appear to be rare these days - http://www.miningweekly.com/article/coppers-big-meh-shows-chiles-commodity-crown-is-slipping-2017-11-21 - Back in the industry's heyday, the average hunk of ore in a miner's underground reserves contained more than 1 percent copper. That's since declined to not much more than 0.5 percent, and will fall a further 17 percent over the coming decade, according to Wood Mackenzie.

http://www.miningweekly.com/article/22-big-new-copper-mines-likely-to-be-needed-anglo-2018-02-06 - Based on two relatively moderate and reasonable growth assumptions, the world will need the equivalent of another 22 Collahuasi copper mines to meet expected copper demand by 2030, Anglo American base metals marketing head Alex Schmitt said on Tuesday. Collahuasi, which Schmitt described as the second biggest copper mine in the world, produced 506 000 t of copper in 2016