Member Info for Caterham7

I can’t decide if the delay to LNG project places more importance on getting NCCL over the line (developing country needs a flagship energy project), OR if the Islamic insurgents pose same threat to NCCL?

Good objective overview Chris. The only possible show stopper I can think of is if China were to make a 'coal reduction' appeasement to Bidens renewed Climate Change initiative, and NCCL was selected as the sacrificial lamb. Unlikely, but Black Swans, etc.

Apologies if this has already been mentioned. Another very interesting blood cancer biopsy company gathering lot of interest on AIM is AGL. AGL shares performing very well with pending FDA approval of the blood biopsy device. Maybe Cizzle is about to start a similar journey. I have a very significant holding in BOU, and will be voting yes and holding for now, because AGL has opened my eyes to the huge market potential and the route to get there.

Excellent post Simms - best I’ve read on LSE for some time. It is an interesting situation, because as you say, Harry can’t say much because of NDA, so there won’t be much new info in upcoming webinars / Q&A, etc, which will in turn feed vitriol of the Harry basher and his numerous BB aliases. One morning the red dot will appear, the RNS will land, and there will be a crazy scramble for shares. It’s going to be fun.

should read 'hadn't been significant delays'

Looks to me like the usual gang of Harry bashers on this board, are in fact just a couple of people with various aliases - too many of the emails appear to be written by same hand. I also suspect those people have zero hands-on experience of working in resource projects (let alone projects in Africa). I am an Exploration Geologist (now Exploration Manager) with over 30 years experience (many of them in Africa) - my posting history will confirm this. The delays suffered by KEFI are very much to be expected in a country like Ethiopia - I would have been amazed if there had been significant delays. Im very happy to hold and add.

I know two peeps that have significantly larger KEFI holdings than myself (and Ben). They don't read investor bulletin boards ("ill informed noise") - they base their investments on other sources of info!

Big thank you to the chumps that bashed the SP yesterday. Made several top ups - now smidge over 6 million shares at average of 1.4p. Fingers crossed TW is right.

Will be interesting to see how this US-China climate meeting concludes.
https://www.bbc.co.uk/news/science-environment-56739896

Worlds two biggest polluters pointing the finger at each other!

The £20k transaction at 10.25 is a buy and a sell.

Nomad obviously doesn’t think delay is worthy of an RNS

My £20k buy at 13.42 showing as a sell

Hello Ella - As resident geologist, Im feeling guilty that I haven’t participated in this BB much over last few months. Two severely mentally handicapped teenagers and reduced respite care (due to CV) have kept me away from a subject I care about very much. Nevertheless, I am still very much tuned in to what is going on, and am very happy with KCB prospects. SZ always struck me as an awkward portfolio fit (hindsight is a wonderful thing!), so happy with new copper focus. I’m still a very significant % shareholder in GLR (and less so XTR), and have zero intention of selling until KCB drill results are known. Fingers crossed that lockdowns are ending and life can rebuild over next 12 -24 months. C7

Steve - yes that is my understanding - financial closure end March, and funds available as required from April.

If memory serves me right - in his last statement, Harry said funding will be signed-off this month, with first tranche of funds received in April. This is important to remember, because I’m sure the naysayers will appear on 31st March and rejoice that no funds received in March / more broken promises, etc, when in fact that wasn’t what Harry promised.

Yes - Middlekoop is a wise investor. The assay grades are good (better than I expected). Lot of garbage being posted on here by non—Geos.

I have worked on major resource projects on which Synergy were advising. They are widely considered one of the top, gold plated, energy advisors globally. This is a very positive move - tiny NCCL engaging big hitter Synergy. Keep scooping.

Billy - I have been evaluating magnetic data, and many other types of Exploration data for 30+ years. Many, many possible reasons for delays - 1) Technical - magnetic data, as with many other types of subsurface data, may have to be reprocessed several times to optimise the ore body signature, 2) Tactical - Wise explorers will refine, buff and polish their evaluation results before shouting about a game changer discovery, 3) CB has a history of optimistic timelines - there was an instance last year when CB promised drilling by a certain date, I posted a message on this BB saying not possible, CB referred to and pushed back against my post in a podcast the following day, and turns out I was bang on with my prediction!

Investors that like very predictable, low risk, transparent, get rich quick investments, should get out of GLR.

Investors that understand resource projects, and the uncertainities, pitfalls and riches that come with them, should be hoovering shares at this bargain price.

I still own around 1% of the company, and as an experienced and successful explorer, am very happy to hold until at least 10 wells have been drilled into the KCB dome.

Only invest in what you understand.

C7

Size of the prize in KCB reduced SZ to distraction and irrelevance! The sale will take some getting use to, but CB knows what he is doing.

Maybe I’m more of a sceptic, but when CB announced KCB out of the blue, my initial reaction was hoping that he is not trying to divert attention from other projects! This is a common AIM tactic. We shall see.