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Thanks gkb
That was very informative, hadn't thought about the tax losses.
The wording of the RNS sounds like 8 million in proper money not worthless shares.
"The consideration for the exercise of the Option shall be the issue and allotment to SEL of such number of ordinary shares in the capital of AAOG as is equal in value to £8m."
Not arguing, just interested.
Thanks again gkb
I often think that the value of something is how much someone is prepared to pay for it.
Aaog has an option to buy 25% of Sfb and has offered 8 mill.
Whether they take on 25% of the debt too I don’t know.
" the Company is pleased to report that production and sales of concentrate continue in line with expectations"
This means that BP should be a profit making mine this month after the January sales. A remarkable achievement.
This update was published on 21 - 12 - 20 and mentions 10 mill EBRD facility
The EBRD had agreed 10 mill plus 15 mill in early december.
EBRD also talked about SDX investing 60 mill in Morocco.
This is big news - why do the shareholders know nothing about it? And why did Edison not write about it in their update?
This article clearly shows the difficulty in valuing the Welsh gold mines.
The last RNS proved there is gold in the hills, with a 20g per ton concentrate.
But this mine has nuggety gold, so the next batch could be less or substantially more.
This article describes one piece of jewellery made from one nugget of gold mined from the welsh hills. The nugget weighed over 500grams.
Alba have recently discovered over half a kilometre of unmixed quartz vein that produced so much Welsh gold in the past.
If there is over 30 tons ready for processing from the bulk samples, and the pilot plant can process over a ton every hour, then that should be finished in 2 or 3 weeks not 2 to 3 months. I wonder if Alba will release the bulk sample results before the end of Q1.
For a company with a 39 million market cap 65 million investment is big news. I see the article was published on 24th December, I'm amazed SDX haven't told us more.
But anyway seems like very positive and exciting news.
Thanks again
Thanks for that information Shakey.
One line jumped out for me - According to the EBRD, this new loan will allow the Moroccan subsidiary of the British company SDX Energy Plc to finance part of its investment plan of 65 million dollars to develop its operations in Morocco.
Wow! where did that come from
This call yesterday was 2 and a half hours long. With many of the companies top team answering questions. The presentation was extensive with many geological explanations as to why they are so sure there is lots more gas to be found. Nearly all the questions came from institutional investors. If it gets put up on the web site it is worth a look.
Thanks MaxH
Are you then assuming there is gold and silver in the other concentrate lines aswell?
So at 0.5g/t gold and 50g/t silver our delivery of 400 tons to be announced very soon should give us 23000gbp on top of the copper price.
Assuming 3 times better amounts per month next year and doubling quantities due to the other concentrate lines we should be making around 140,000gbp per month from gold and silver alone. This as far as I know has not been included in the profit forcasts.
Please someone correct my maths.
I believe the decision of the planning committee will need to be ratified at the next meeting of the full council. So if enough fuss is made by the council lawyers and planning officers re the huge costs of an successful appeal against the council. And pressed by the number of complaints from members of the public who watched the meeting. Then it is possible for the Full Council meeting to overturn the decision of the planning committee. Address your complaints to all members of the council.