Member Info for chattty

As if the BOD are not paid enough to do the job of building the company in the first place; They now need an incentive to work for what they are already being paid to do.
The BOD obviously have no respect for bread and butter shareholders.
Next we will hear of a heavily discounted placing .
As has already been said uninvestable.

Remarkable addition !
Suggest you do some research into why Elephant Oil is taking such a long time to list.
If you hero is Mr Bell then you have not done any research into his past history he has never delivering anything to shareholders (with the exception of awarding himself shares ) over the last 20 years -he is a life style director.
As before he needs more funding.

If you think raising some £230,000 gives the company a decent cash runway think again; its just about enough to pay the BODs salaries and company expenses for a few months -they cannot and will not be able to raise any significant amount of money from the mkt place.
I do not call that raising money.
As before what happens if their financial expectations are not met?

Sad to say heard it all before, many times.
The question is what happens if RRR do not receive any funds as they keep saying its due anytime soon.
Doubtful in the extreme RRR could raise any funds due to mkt malaise compounded by BODs track record and reputation of living off shareholder funds plus the amount of pushback RRR has and continues to receive.

Apologies but Rubbish ; The date of that TR1 completion was the 14th July 22.
It is 8 months out of date and is just a housekeeping exercise so meaningless as far as shareholders are concerned except possibly to deceive shareholders into thinking he had recently invested more funds.

Robert Friedland. At an African mining conference, the Ivanhoe Mines founder pointed out the problem with renewable technologies is they are incredibly energy- and metals-intensive.

“We’re going to have a freakout as we try to change the world economy unless we develop a lot more mines,” said Friedland in a 2022 Mining.com report.

According to his data, a 1,000-pound electric vehicle requires 500,000 pounds of raw materials. “So, to transition just the world’s passenger cars to electric, we have to mine more materials in the next 30 years that we mined throughout human history,” he said.

June 2022, they had UK£20m cash, and debt-free. last year cash burn approx UK£19m.
So cash runway appears to be 12 months plus - doubtful because of the various costs involved in reducing market expansion business failures - Revenue growth last year was just £1.1 million doubtful of further growth this year. If there is a failure in further growth it brings closer probability of further serious dilution closer with a substantial reduction in the existing share price.
All the above basically means their is little to zero upside potential in the sp. until the BOD addresses past events and provide a decent catalyst to change sentiment.

The company has not addressed its web site failures ,a simple task at little cost, indicative of its contempt for shareholders.

I will not define an argument into personalities.
You obviously do not have the same understanding of how they invested expecting business to take off and how it failed.
As before the sp will continue to fall away until the BOD address the issues concerned.
End.

That was why they kept publishing accredited findings ,you may interpret his comments to benefit treatment in your way-mine are obviously different.

JTT ,Thank you for the information concerning the limiting of commercial applications .
It explains why the sp has fallen away it also indicates that the BOD were either not fully conversant with their FDA award, (hard to believe ) or deliberately failed to mention that limitation in the initial contact with their world wide potential customers base.
Either way a failure of trust in the BOD for actively misleading shareholders as to the potential and value of their product.
Those responsible should be held to account.
Not what I was expecting to come out of the woodwork ,as such the sp can only go one way until the matter is properly addressed by the BOD

I would be surprised if a quarterly update arrived as their is so much going on just check out their regularly updated website for a detailed resume of all activities.
You either take the trouble to investigate the company understand, how it is run ,who runs it, their background, successes and assets held or you don't bother.
I have spent a lot of time checking the company over and keeping my info up to date. So am satisfied that my serious investment is safe .
Whats more I don't expect a return overnight.
If you don't like or understand what is happening within the company or the tightening of the world markets why bother to invest in the first place.

The Mali .gov has not stopped issuing mining permits it has suspended issuing further permits.

Via Reuters
Tuesday November 29, 2022 03:52

BAMAKO, Nov 29 (Reuters) - Mali has suspended the issuance of mining permits until further notice as it works to improve the procedure, the government said in a statement late on Monday.
"The allocation of mining titles is suspended throughout the territory as of Monday, November 28, 2022. From this date, no application for a mining title will be received or processed by the competent services," said the mines ministry.
It said it will issue another statement when the suspension is lifted.
The new government said in September that it will carry out a complete inventory of existing mining contracts, titles and licenses and was ready to renegotiate permits that were not in the country’s interest.
The cancelled licences include a range of permits covering a surface area of about 13,000 sq km (5,000 square miles), but do not involve mines already in production.
“It is the result of the inventory that was launched a few months ago by the department, 130 permits, that is about 30 percent of all total permits have been annulled,” said Hassimi Sidibe, a technical adviser in the ministry told Reuters.
He added that the cancelled permits include those held by Malians as well as foreigners and targeted those where no development has taken place.
In my view about time too, considering Mali produce over 600 tons of gold annually.

It is relatively easy to put a motion before the BOD for removal of a member, as a shareholder such a motion can be requested provided the motion is fully set up .
No BOD member wants to see a motion for his removal put forward to his fellow directors let alone the associated stigma attached to his career record.
Success can depend on the amount of 'push back' that BOD member has generated, in some cases a BOD may ensure a director resigns as opposed to being pushed as happened last year in POW and more recently in HE1

22 billion shares in issue will minimise the upside for those thinking of a massive multi bagger.

PJ has not the time to get despondent , the NEDs have probably banned him from doing so many podcasts for fear of giving away too much info., A couple of months ago PJ indicated he would be less active on the interview front as his workload was building.
Expecting an RNS announcing GMR's launch on AIM any time this month, ~50% will belong to POW .

This is one of the few shares available on AIM that has unlimited share price potential within a short few weeks time frame, should an RNS be issued stating diamonds are in hand, dependant on quantity/quality the sp will move into fast forward mode.

Gem Diamonds acquired the mine from De Beers in 2007, hoping it would help it diversify its portfolio away from Lesotho, where its only asset — the prolific Letšeng mine — is located.

Instead, and after spending more than $85 million developing an underground mine, the company ended up having to write off $170 million in March 2017 against the asset, which it had placed on care and maintenance the month before.

GEM DIAMONDS ACQUIRED THE MINE FROM DE BEERS IN 2007, HOPING IT WOULD HELP IT DIVERSIFY ITS PORTFOLIO AWAY FROM LESOTHO

The London-listed diamond producer intended to resume operations once market conditions improved, but it later decided to offload the operation.

“This sale is in line with our strategic objective to dispose of non-core assets,” chief executive Clifford Elphick said in a statement.

Proceeds from the Ghaghoo sale, expected to close in the third quarter, will be used for general corporate purposes, said Gem Diamonds.

Pro Civil will assume the environmental liability currently associated with Gem Diamonds. “The Government of Botswana has been consulted throughout the process and is fully conversant with the relevant details of the transaction,” the company noted.

17 billion shares in issue, doubt there would be further dilution, more a consolidation which is the usual format if they feel too many SII .
So long as the funds arrive on time the sp can only go one way.
Even for a short term trading hold there are substantial profits available .

Self destructive news so not investible as the sp will continue to fall into the low micro pence region below the 0.06 its previous low.
Remarkable ;-Just £8,000 of sales caused a 40% drop in sp.
Not worth considering for the investment purpose of making money.

An excellent share at a carp price well worth a long term lockaway.