Member Info for Bassethd

Been here for almost 5 years and seen my once 1m shares consolidated down to 20k and my investment lose most of its value.......I stuck with it as I believed in the science (and still do), but missed opportunities to lower my average as I didn't want to put more money in as I lost confidence in the BOD's ability to commercialise their asset..........Decided to sell up today as the AGM confirmed nothing is likely to happen before Q2 and I see an opportunity elsewhere.

Will hopefully reinvest in Sareum next year, ideally just ahead of the elusive jam that has always been promised for tomorrow.......in the interim good luck to all and compliments of the season.

Becoming more impressed with Keith recently as at least he seems visible and active.........NH on the other hand is posted missing as usual.

Couldn’t make it up FFS…….Wonder if Xmas is postponed in the Griffith’s and Spencer households ?………I blame Rolf the grinch !

@ Ramon M..........What makes you think they are not already eager to get ratification ? - I am pretty sure NH and AH have more invested here than most of us.

Also not sure what people actually expect them to do in this situation - I am certain they are lobbying their allies but they have no ability to make parliament do something , and thus like the rest us they must wait and get increasingly frustrated / concerned.

Great news , so why do I feel uneasy about the following.....

"Completion of the Acquisition would constitute a reverse takeover under the UK Financial Conduct Authority's ("FCA") Listing Rules as it will exceed 100% of the relevant class tests. On completion of the Acquisition, MNRG's existing listing 'will be cancelled pursuant to Listing Rule 21.2.2(5). The Company intends, subject to meeting eligibility criteria, to publish a new prospectus on the enlarged group in due course and seek admission of the Company's shares to the Official List of the FCA in the "commercial company" segment and to trading on the main market for listed securities of the London Stock Exchange plc.

Existing listing cancelled and new application in due course ?........what happens to shareholder's investment in this period and will 1 MNRG share = 1 Atlas Mining share ?...........Don't know enough about these things to make sense of this but experience suggests that us punters always get shafted somewhere along the line...........Thoughts anybody ?

Congrats Cobalt..........Just became a grandfather 4 weeks ago to baby Harris ( named after the Isle of, and toasted with "The Hearch")...........Similarly I am hoping for Sareum to come good to allow me to take away his parents mortgage and set him up with a wee Trust fund......fingers crossed !

As usual out come all the armchair CEO's.........the company is continuing to follow due process and meeting all its commitments whilst expanding the resource.........they cannot affect what they cannot control and I attach no blame to the company in respect to politics within Ghana.

It will come in time and patience is required to achieve the end game.........

@ Swest...........I am pretty certain that NH and AH also want RAT as soon as possible, but it is out of their control........in the interim they have to maintain a positive spin and carry on business as usual.

Think we all need to settle down as this goes thru due process - don't think the company have failed in anything they control and I am sure they have a better appreciation of how these matters proceed than any of us on the outside........keep the faith !

Just as an aside from ALL whilst we await lots of news..........as anybody seen any update recently on what is happening re Ricca ?.........would be nice if the shares from the divestiture would eventually be worth something, someday.

Great news today..............Humour me guys, but I have a vision from the Wizard of OZ of all the honest, hard working private shareholders dancing around and singing, " Hey-ho the witch is dead, she lost her head, Hey-ho the wicked witch is dead"

.....,may still need the magic slippers however to get the SP to the levels we all desire !

To be accurate.......The article actually states "by Q3", not "in Q3", so could be anytime this quarter which aligns with NH statements.

Invested my full new ISA allowance this morning and now have 430k tickets in this game.........interesting that despite a reasonable amount of blue this morning we seem to be unable to break thru 20p and so I assume this is being closely managed ahead of big news and not for the benefit of Pi's

Have been here for several years now so another few months will not matter if it sees several major elements de-risked.............come to think of it I applied the same logic and made similar sized investments ahead of the DFS and look where that got me !........but, one day Rodney......

Re Captain Jack1...........Yes, I was curious about that as well as it sounded like he had a very limited and defined window in which to conduct his transaction, so one of outstanding items is clearly on the not too distant horizon.

Been a steady stream of +500k and upward buys this past week or so.......of course low value due to the supressed SP, but does make me wonder if somebody knows something..........surely something, anything must be happening sometime soon with this company ?

As always the silence from Rolf & Co is deafening !

Re a cheeky bid from Assore..................if Assore were to take over then there would be no GSE listing and we consider this to be a fundamental element in helping secure ratification ............without that what will Assore have actually bought.............my faith is that the people and Government of Ghana are our best defence against another bid from Assore, but of course if the money is right anybody can be bought, especially in Africa

....or perhaps Parliament is voting on ratification ?

One aspect I don't think I have seen any mention of is the influence of the Ghanaian Government on any potential take-over.....

One of the key elements of the Mining Lease approval was the listing of the company on the Ghana stock exchange which is difficult to do if the company no longer exists.........the recent interview with Minister for Mining and Minerals made great play of the opportunity this offers for the people of Ghana and Pension funds to invest..........take away this aspect and you are potentially defaulting on the terms of the Mining Lease.

Also I doubt the Ghana Minerals Investment fund are in this for a low ball premium and would oppose any short term takeover.

This project has great scrutiny within Ghana and the government under pressure to deliver for the people............the loss of the company with whom they have built a relationship and trust, before the ink is dry on any agreements, would seriously undermine the message that they have this thought thru and under control.

Somehow don't think we would be pulling this thread about Exec salaries if the share price was north of 30p......perhaps we should leave it alone, as there are clearly enough waters being muddied already as we close on ratification of the mining licence and floatation on the Ghana stock exchange .

Hello - is there anybody actually working at MNRG or have they all bu@@ered off early for Xmas.........the radio silence from this lot has been deafening and as usual the only festive gift on offer to the shareholder is yet another year of failings and corporate inadequacy.

One aspect I don't think I have seen any mention of is the influence of the Ghanaian Government on any potential take-over.....

One of the key elements of the Mining Lease approval was the listing of the company on the Ghana stock exchange which is difficult to do if the company no longer exists.........the recent interview with Minister for Mining and Minerals made great play of the opportunity this offers for the people of Ghana and Pension funds to invest..........take away this aspect and you are potentially defaulting on the terms of the Mining Lease.

Also I doubt the Ghana Minerals Investment fund are in this for a 10p premium and would oppose any short term takeover.

This project has great scrutiny within Ghana and the government under pressure to deliver for the people............the loss of the company with whom they have built a relationship and trust, before the ink is dry on any agreements, would seriously undermine the message that they have this thought thru and under control.

Based on the above, I see no short to medium term likelihood of a takeover happening - certainly not without £ signs in front of the numbers.