Member Info for Barravelli

Danakali sold 50% of Collui for just £166 million there is potential for us not to get anywhere near even a billion pounds. Massive project for peanuts. Could well not even get 10p

There never was financing. A few people called it when it was announced and a few even sold up. No way does selling make sense unless you have no money. Otherwise build it and reap the rewards

Is this a full sale or partial?

Can anyone confirm the delay in financing been finalised is literally just checking it conforms to sharia?

Is this without Dougou and DX operational?

@Anum link to X please

Only if what was supposed to be a 6 week process taking nearly a year to sort? Currently waiting for finance to be confirmed as suitable under sharia law. No timescale given for this. 😬?🤑?

@99 are you subscribed to that assumption?

Negligible impact if any. Yes it's going to be largest producer in the world but demand is only increasing not reducing so overall it balances out. AA still are to go live with their mine in UK formerly Sirius which I think was 2nd biggest mine in world too

How is this relevant to us?

I think operations update is due this month so hopefully that will give a timescale as currently it's open ended, which I think where the worry lies for me

That will only happen if finance fails. The longer the silence the higher the chance it will happen though. Still think buyout. Question is will it happen now (next announcement) or will they let it fail goto sub 0.5 and put offer in for pennies?

Over £100k in unknown trades yesterday. Would love to know if they were buys or sells and in what ratio. That's a lot of brass.

How much is it up by?

This is new price until leaky, leaky either positive or negative.

What's interesting is no timeline until sharia checks are completed it's currently open ended might be 1 month might be 5 years? Maybe that's part of the sell off?

Looks like we've hit our floor, hopefully rises from here subject to negative news or leaks

TBF we will get nothing other than generic response as per RNS. We're gonna have to just ride it. Still don't think it's as bad but obviously not ideal as having funds 100% confirmed. I believe there has been some shenanigans behind the scenes and we've changed course and these guys are last minute back up. The Sharia checks should be formality as they specialise in these type of deals from what I've read. The issue is open ended timescale of when checks will be completed.

@Zaarah out of all the posts on here yours always resonates with me the most.

So many egos writing but yours is always devoid of that and invariably is correct or thereabouts.

So what are we saying is this thing legit or not?

******ed sp at the moment. what are we like in oz and sa?