Member Info for ceejay101

I guess the majority would try to delay the vote if they hadn't checked the numbers

The market is behind the curve on this. possibly because its not listed as Atlantic or Ewoyaa. i hope everyone has filled their boots, it looks like it will be a sunny afternoon. Unlikely an RNS before 4:30pm but we know where it is headed

Come on... There must be a legal eagle here.

To me it reads 'the motion....may be moved to today'

Which means....?

I interpreted it to mean the standard 2 days are bypassed and moved to today

Anyone else nervously excited?

It's a bank holiday tomorrow and Saturday for Eid. The Saturday bank holiday is applied to Monday.

Looks like parliament is not sitting tomorrow and Monday

The market has really sh&t its pants. Most commodities (other than oil have dropped hard, even precious metals). Spod has held up well.

It looks like there will be plenty of bargains in the next few weeks, with the exception of oil companies and atlantic

My wife has just bought some more

Recess tends to be for the whole of April so we will definitely want it done in this sitting

Interesting to hear people's trading strategy. Based on the organisation i work for, i must buy and hold for a minimum of 6 months since my last purchase. It really changes the way you trade, and you start to worry less about daily fluctuations and work out more on where you believe value is hidden or waiting to be extracted.

We all got excited with the potential Ewoyaa ratification straight after the 21 day wait for the LI. Had the wind been in our sails it could have swept through on Wednesday. What none of us can change is the ghanaian parliamentary process. If there are higher priority things that creep up the pecking order like the Audit findings or budgetary discussions then Ewoyaa falls back. It seems that a committee has been put in place to assist the debate on audit findings which might clear the path next week. Then again it could get delayed until after easter, which is perhaps what the market thinks.

Either way I don't think my original rationale has changed, and the price looks more attractive to add further than it did a week ago.

I know ratification is high up on the agenda for us on this board, but what is on the parliamentary agenda that might push ratification out from being imminent?

I have tomorrow as day 21. Either way, not long now

I've got Tuesday. Perhaps we should do a sweepstake... Id say even the Ghanaian legislative probably don't know

There are a couple of things happening in parallel here.

1. The royalty agreement is going into law anyway.

2. Ewoyaa is awaiting committee approval to then get passed on to the legislature. This process is opaque in terms of progress although most likely to hit tomorrow given the usual timelines.

3. Things can move quite quickly from there and ewoyaa ratification can happen in the same day

4. Ewoyaa ratification can happen at the same time as the royalties agreement or ahead provided that there is reference to the changed.

In short, things could start getting spicy from tomorrow.

When a derisked asset stays strategically quiet l, delays offtake and talks about value rather than execution, a bid is usually being explored, even if nothing is public.

Management will slow down offtake agreements to flush out a bid. I suspect it will be a few weeks before a bid is made public

@EarEyeAm - is my crystal ball rubbing of on you.

@EarEyeAm - Hansard Ghana for the procedural steps and an inferred date based on historic committee outputs having occured early in the week. Let's see how the crystal ball plays out

Copilot has next Tuesday as the day the committee report is laid which then triggers the motion for ratification, debate and ratification. It can all happen in the same day.

Bit of a drift until Friday/Monday I guess

What are the options here

1. Lowball bid used to flush out further bids

2. Complex bid with a bidder offering cash/equity

3. Bid in excess of previous offered by assore

I don't see why the board would entertain a lowball to waste time and divert their attention. Im assuming the race has started and others will now want to get in ahead of offtake agreements being signed off