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I must say the posting on this board is almost as good as the telegram group where there is a repetitive person posting the same post day in day out.
The fact of the matter is the company has built the mine has an offtake agreement, got the wash plant in place which needed to be verified by an independent competent person before any sales could be made.
Assuming that's been done then we have another week to get the RNS which people seem to doubt about the first sales being made out .
Regardless if it comes or not within that time frame with all the other components mentioned above having been done ,does it really matter if its another week or two?
Once the deals start coming through who knows
lots of talk about a Zinc asset on twitter plus we will no doubt find out soon if the coal is a runner for our new holders and if not would expect a sale as soon as possible.
This doesn't look like we have a lot of upside
Well done Ross for looking after us
Tweet about copper and another on zinc I wonder what direction we go
Says there is a podcast this weekend he says looking forward to hearing this one?
So am I then
I wouldn't expect the production levels to be anything special its about what and where we go from here now .
I think our new largest holder will be making a quick call on what do do with RUKWA if its viable and worth doing or to sell it and move direction.
It is producing albeit what was the words …a modest amount ..
A good interview suggesting that things are about to happen here quickly, he was wrong about one thing and that is how much stock is in sticky hands.
I would suggest it’s more like 75%
These guys already have things in mind for the company of that I'm pretty sure
The Coal mine we will know very soon if its a runner or not but reading between the lines it has worth and could be sold off for a reasonable amount if that's what they decide
I get the impression we will have lots of regular updates from the new Board members
I think things will move quickly here now all the approvals are out of the way
The company may or may not retain the coal asset and we have one of the best miners with the resources to do it if they feel its worthwhile.
The company is looking at other things ,I suspect that metals is the way we will go
Its a shell company and its easier for a company to come to the market by reversing into one
I think they will decide if it can make money without a lot of investment first but I don’t disagree with you as it’s a distinct possibility
Read Jasons tweets company is looking at a number of things including the existing mine and other things .
We will know more next week would have thought after the AGM
Looking forward to getting the AGM out the way and the second tranche of cash in.
I think the new board will act fast as suggested by Jason in some of his tweets good luck all long term holders
With the new offtaker in place and the last remaining part of the mine now in place , the market should start waking up to the stock .
With first sales due next month along with the presidential visit what's not nice to like about it!!
Zak Mir reckons 17p quickly hope hes right
Interview came across very well if it all comes off then surely a re rate will be on the cards.
My thinking is purely based on the fact that the two new main holders will want to be fully funded and start out with some decent updates after their investment has gone through.
Agree with what you said about the warrants but I hope that I am right over what you think , and to be clear since my investment here every board has thus far not delivered on anything they promised.
I do actually think these new guys have some credibility
I can only assume there won't be a production update until the second tranche of the placing goes through, then I hope the good news starts coming thick and fast!
The warrants expire in May next year so will need to be well above 25p before they are converted which will be fantastic news if they are.
Things change and they now we have a bigger offtaker in place of A to Z who by the way could still want to deal with CGO going forward so I don't see that as a negative.
The nayslayers are out in force ...I would say to them we have funding from existing holders so no equity placing required so no dilution here.
We have the president coming to our mine this month , we have a much bigger MNC almost completed its DD and from next month we will be generating significant revenues which should make our current market cap look wrong.
I would hope that once generating they will add an additional washer and produce and generate a lot more revenue than what has already been talked about this morning.