Member Info for CF73

Yes, they are different things, meeting and hearing back by. As I said, I relayed only what I was told.

However, we have the date of the 18th December. I look forward to finding out the outcome.

Good luck all genuine folks!

Appreciate your feedback beengenius. Interesting the difference between what I was told and what's been said to you. Can only say that I've fed back what I heard as accurately as I could.

Let's see what we hear regarding the Ministry's getting to PREM by the 18th Dec. Particularly, what they'll be getting back about.

Good luck all!

Relaying back what I heard, I've tried genuinely not to overhype it, though admittedly, I'm very hopeful of a positive outcome.

I'm very certain of what I've been told. I'm confident the company wouldn't have made that up. We spoke for a few minutes around that and so am happy with my recall. Have said folks need to come to their own conclusions.

(Give plenty enough to charitable causes by the way)

I spoke with them and was told what I was told. Meeting on the 18th. They know who I am. They've never bull shitted me before. In fact, I find them to be very pragmatic and careful about their projections and views on possible outcomes, timescales etc.

Stand by what I've heard, meeting Dec 18th with Minister of Industry. Folks can decide for themselves.

Good luck all genuine holders!

Thom, I usually don't offer views on possible outcomes. Regarding the Dec 18th date, it is what I was told and I believe them. I speak to the company a fair amount and don't believe they would bull shit.

As far as I'm concerned, there's a meeting on the 18th with the Minister of Industry.

Me relaying back what I've heard isn't a bit calling it right. It's what I've been told and subsequently what I know.

Good luck to the genuine folks.

This ensures we have strength going in to negotiations as well as the means to get on with field development!

Plans going forward - with Newco - streamline the company and process and gives folk who have eagerly wanted it, the chance to remove GR from the equation.

The board of Newco is voted on by shareholders, so there is ample opportunity shortly to ensure he no longer presides over the realising of those key assets. The issue of removing GR is about to be redundant in my view (excuse the pun).

Wile.E.Coyote, I appreciate your thoughtful repsonse.

This has rolled on for ages, seemingly never ending.

I agree that RHA sign off has been prolongued because we probably haven't been high enough on the agenda. But we now have a Dec 18th meeting, I am told, with the Minister of Industry and his team. No one can say for sure what will emerge out of this but Ministers do not meet with just any body. So at the very least, whatever result emerges, we're high enough up the pecking order to be able to 'force' a meeting with them directly. The mention of 'pressure from above' is useful to know and was intimated as perhaps a reason why this meeting is going ahead (I'm sure we have persuaded the Minister of Mines and Minerals to wade in and put some pressure on too - though only a guess from me).

Good luck to you Wile.E.Coyote and all other genuine folk!

Charlie, I agree we are debt free because of dilution and that shouldn;t be lost on folks. So apologies as it's a useful reminder, now and always, as we shareholders have had to hold this up. But it is useful to remind oflk nevertheless that we are debt free. AIM is strewn with companies owing debt. When debt becomes an issue, it means that external parties - namely the lenders - have increasing control.

Wile.E. Coyote. I can understand that position of having written off RHA sign-off. Personally, I think there is genuine growng political pressure to resolve the matter. I don't think that the Dec 18th meeting would've been arranged if it hadn't beed designed to address the matter properly. I know there have been other meetings, that have amounted no improvement. But it is hard to know who those meetings have been with. So to hear they are meeting with the Minister of Industry and team on the Dec 18th, is helpful for me to here.

On the matter of folks thinking perhaps I believe GR has done a good job???

Well the share price tells otherwise. He's made plenty of mistakes and erros of judgement and should've listemed to sharehodlers at vital times. But I would say that I also believe he is making genuine efforts to move this forward and Newco is a good example.

We have some exceptional assets and a game plan that parties - Prem and KME - are working eagerly towards.Yes, we need working capital btu we also have no debt. Circum not far off perhaps too.

Good luck all!

No problem tedoby.

The Ministry of Industry is under pressure to sort this as its open secret that it's not reflecting well in terms of the idea of Zim being open for investment.

Believe the progress to get this sorted is real and is a relief to hear that we are meeting the respective Minister and his team next week. We need to be talking to the person and people who get to make the decision. Simple.

Good luck all!

Meant to read,

Think folks need to remember that we are effectively debt free. So there is no pressure from external parties of the sort we usually see across AIM. So NO attempts to push us to Admin or delist.

Wile.E.Coyote, agreed regarding the mindless negativity, not helping.

Think folks need to remember that we are effectively debt free. So there is no pressure from external parties of the sort we usually see across AIM. So attempts to push us to Admin or delist. The assets are there. Newco is a genuine proposition - it is not a distraction.

If wha I have picked up materialises, then we could be in for a very important close into Christmas

Good luck all genuine holders and folks!

After a few days of trying, have made contact with the company.

There is a meeting with the Minister of Industry and his team Dec 18th.

They say he - the respective Minister - is now under pressure after various promises, including from 'above' and is now himself keen to this on and 'get it out of his intray'.

As always, DYOR.

Above all, good luck to the genuine investors and holders.

That's a possibility, that FRR don't want to settle of court. Even if they got a great case, cast iron effectively, continuing the case means clogging up the process. But then, if they're confident they'll win, $56million is an extremely helpful amount

Great post Mole!

The 'file-defence-by-date' Dec 18th date gives us a really helpful time line. Outrider will have to decide by then whether they want to file a defence. Doing so obviously meaning that they intend to figh tthis, in turning prologuing it and wit it ultimately becoming much more costlier for them when they lose (am confident they would lose).

Outrider might wait up to the last minute because doing so leaves options potentially open for them. We cannot blame FRR if it takes all the way to the 18th. Whether or not it comes in early depends on Outrider.

But in the end, the result will be the same. It will be an out of court settlement in favour of FRR, in my view (as others believe too).

We may have a dip or two in the coming days but stay strong all.

Mole, as ever, some really good points.

The Dec 18th file-defence-by-date is helpful in that it stops Outrider dragging this out and simultaneously presents them with the proposition of whether or not they proceed with a defence or not. Personally, I expect some kind of news next week.

The MOU with BH was still an MOU in general terms. There was always going to be more detail required, but nevertheless still very good for setting the scene for what's to come. We will see detail regarding the specifics of the campaign, if not news of the Super Major coming on board.

Let's remember that we're also dealing with Outrider. Positive resolution there - just as with YA - will see this jump in readiness for further news. We are in the driving seat there.

Remember, too, what Zaza said: these wells will cost $3milllion and that payback from them us upwards of £60million (a 20 x bagger!). He said that. You don;t say that unless genuine and you don't involve the likes of BH unless they know its genuine -- and they know...

Next week will be a big week in my view.

Good luck all!