GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
I am talking about quote 1/2 year report
"Trade receivables of US$8.0 million, of which Aminex's net share is US$3.3 million, have not been taken into account in the cash flow forecast due to the claims for certain amounts by the TPDC, set out in Note 10 to the financial statements. Although this trade receivable is due, the TPDC continue to delay payment until a resolution is reached in respect of the claims and the Directors consider it prudent not to take this receivable amount into consideration of the Group's ability to continue as a going concern.
As disclosed in Note 14, the Group received a tax assessment from the TRA of US$2.2 million in relation to a tax audit related to 2013 to 2015 which is excluded from the cash forecast as any cash outflow during the going concern period is considered remote. If the tax assessment finding went against the Group it is likely additional funding would be required to settle any potential liability."
History says that TRA will get their cash .....
Surely a lesson learned .....
Even if AEX get the spoils they are up against TPDC who don't pay for their gas and TRA who don't re-pay tax due on purchase costs.
What is the point investing in Tanzania when AEX have written off $3.4m see note 10 in Half Year Report... quote
Aminex's net share of the receivable is US$3.34 million (31 December 2019: US$3.23 million). On 11 April 2018, the Company received formal notification from the TPDC requesting payment of certain amounts totalling US$5.97 million for liabilities arising on revenues from gas sales, of which Aminex's share is estimated to be US$2.73 million.... unquote
The national company TPDC are basically stealing the gas!!!!!! So why are AEX trying to get a licence?
AEX will be eaten up and have found themselves between a brick (TPDC) and hard place (TRA).
Apologies if this non-payment issue has been discussed .
I think Ive got it ..... The Company that needs finance keeps the stock but treats it as sold on their books WHAT !!!
· Unlike conventional bank funding, the Supply@ME offering is not treated as debt finance on a company's balance sheet. Rather, it is treated as a "true-sale" of inventory. The transactions, based on innovative legal schemes, combine detailed regulatory and financial controls with leading-edge technology that allows accurate tracking and recording of inventory. This solution is proving attractive to both clients and investors and is highly scalable.
· The key to the process is the creation of a "digital" version of the physical inventory. This allows legal ownership of the inventory to pass to a Supply@ME Special Purpose Stock Company ("SPSC"), facilitating the release of funds to the corporate client (which retains the physical inventory). Sophisticated tracking and monitoring systems such as distributed ledger technology and, in the near future, the Internet of Things then ensure that inventory is properly and legally processed throughout.
.... They retain the physical inventory = STOCK
and SYME keep a digital stock ...................
Ive got some pies in the sky I need a loan against (I mean I need to sell) and I'm going to SYME tomorrow
Weathergeek
Have they made a single deal yet?
You think the JSW Group need to go to SYME to ask a Bank to give them money to make more steel .... and what will the bank do with the steel? coat it with gold and put it in a vault?
The Russians like a lie in, its always the same great news met by stifled response here and come 10am in moves out of the reds and into the blues (not a political statement).
A friend asked me to look into SYME and having read the RNS and cutting through to the chase am I correct with my assumptions as to what this company is saying?
Inventory Monetisation = LOANS AGAINST STOCK (DEBT)
Special Purpose Securitisation Vehicles = BANKS
Inventory funders = BANKS
inventory assets = STOCK
Inventory funding = LOAN
Inventory Monetisation portfolio = STOCK
partnership with local partners and inventory funder =BANKS
generate cashflow, without incurring debt, by monetising their existing stock = DEBT
SYME does not monetise inventory for companies in financial difficulty or with inventory that they are struggling to sell.= NO ONE
Have I got a grasp on what this company is selling? Loans against Stock in a 'Just in Time' world but only to companies that don't need (monetisation) loans as they can easily sell their stock and are not in trouble? ...... I presume best before dates may be a problem too?
as well as 'Floating charges over assets' ?
They've banded about a lot of figures in the last RNS it starts at £2.3m, £6.5m £20.5m £972m then raises the stakes £1.22bn and throws in £1.43bn and £1.64bn for good luck.
Someone please tell me how this works?
Probably not fair to compare but as I hold both SHG and TSG I'm going to:
SHG produced 84k ozs at an AISC of $777 and lost $9m and never paid a dividend
TSG you've seen the results so SIZE does not matter its all about the bottom line, making money.
This is what we know.see below ..... However costs have been dramatically reduced due to exchange rates and low low oil prices ..
Q2 Production & Operations Update
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces its production update at the Asacha Gold Mine for the three months ended 30 June 2020 ("Q2" or the "Period") and the first six months of 2020 ("H1").
Q2 Highlights
· Total gold doré production rose by 66.5% QoQ to 11,419 oz (Q1 2020: 6,859 oz)
· Average gold grade 46.9% higher QoQ at 7.6 g/t (Q1 2020: 5.2 g/t)
· Average realised gold price increased by 8.7% QoQ to $1,738/oz (Q1 2020: $1,599/oz)
· Total gold sales rose by 94.6% QoQ to 11,357 oz (Q1 2020: 5,847 oz)
· Gold revenue increased by 111.5% QoQ to $19.7 million (Q1 2020: $9.3 million)
unquote .... fools gold? I think not
When was Singida abandoned?
I want to buy 80million shares ... how is that possible without creating a stampede from you guys... hopefully you understand how the other 90% works. Same if I want to sell ... I don’t want you lot ditching, how else do the big guys buy and sell? Subtlety.. 80million shares bought this week including tomorrow, can you spot them? Exactly, you didnt and most sold to the rise and so it will settle at 25p tomorrow unless you all sell into the rise... that may happen ... but stop, think, listen.... hold em and keep em and see
Accordingly 65m have been bought less what is usual then I guess 30 million have to be covered... hey who will sell tomorrow at 25p ... quite a lot ... they’ll be sucked up before you can say great land gold
just pointing out why it hasn't taken off yet ..... it will and you know it
Barrick have said to their shareholders they will monetise the non-cash payment ..... I think that means they are selling. They will make a huge profit on the initial price of 10p
... here's what they said As stated in the earlier update, Barrick intends to use its best endeavours to monetise the non-cash consideration over time for the benefit of Scheme Shareholders in accordance with the statements set out in the Scheme Document. The cash consideration received, together with the cash proceeds from any monetisation of the non-cash consideration and any other sales of Acacia Exploration Properties which Barrick effects prior to 31 December 2020, will be paid on a pro rata basis to Scheme Shareholders on the terms described in the Scheme Document.
Barrick had to hold the stock for a month from 19th August and as the $7.5m worth of stock is now worth $12m its a no brainer that they will sell so lets hope Shanta can keep the good news flowing.
Shanta are desperately pumping this up with endless historical RNS's whilst Barrick are waiting to monitise their stock.... quote
"Barrick announces it has entered into an agreement with Shanta Gold for Barrick to dispose of its wholly-owned subsidiary Acacia Exploration (Kenya) Ltd, which owns the West Kenya exploration project (the “Project”). The consideration for the disposal will be $7m in cash, approximately $7.5m in Shanta shares and a 2% NSR royalty relating to the Project.
The Project is the first of the Acacia Exploration Properties in respect of which Barrick has procured a sale. As a result of the customary marketing process undertaken with regard to the Project, Barrick determined that the best sale price obtainable for the Project involved a combination of cash and non- cash consideration. Barrick intends to use its best endeavours to monetise such non-cash consideration over time for the benefit of Scheme Shareholders in accordance with the statements set out in the Scheme Document."