Member Info for cperkin

I don't disagree Thordon, but WEN will have to raise cash either through a placing or a loan to achieve a large stake in Ruvuma.

Not much different than the solo position at the end of the day, the difference being that solo already hold 25% and WEN 0%

Well Crusty, it's my opinion of course and probably that of most of the shareholders here who would have to vote on any deal. $16 mill would barely cover the money already spent by solo shareholders on the asset.

$20 mill is the current deal and the amount that the Tanz gov taxed AEX, so they clearly see it as a cash equivalent.

Anyway my point being, WEN may well have $16 mill cash but they only made $1 mill profit for the first half, so how are they going to pay for the drill and development?

WEN will need to raise if that were the case.

Don't suppose the Quantum expert is a certain cat do you?

Could be more than just the current FO in play BG?

AEX https://youtu.be/3l87WUOtBqI?t=624
WEN https://youtu.be/NiaztsAbNvw?t=879

Add solo's 25% into the mix as well.

That would be inside information you are posting if there was a shred of truth in it Frank....whoops!

We already did that once ian. It's a matter of letting the current Ruvuma game play out here. I am expecting Tanzanian consolidation like Thordon, just not on the same terms that they suggest

Exactly my point Thordon. $16 mill is not enough to purchase 25% of Ruvuma and with WEN having $1.3 mill to pay out in divy and $5 million G&A per year it will leave them short of enough money even to operate.

12.5% of Ruvuma is the max WEN could afford without dilution to shareholders, unless they give up some of their producing asset in exchange.

I was thinking maybe the stones, Jumping Jack Flash as an opening followed by Burning Bridges so RoJo can cameo Moriarty...

Could do with a Bongo player, RoJo might know somebody ;)

Operation? That's some way off unfortunately Thordon, they need the Zubair/AEX FO to complete first and then drill C1, which I believe solo can cover through current financing arrangements +

I think WEN would need to borrow/dilute their shareholders via a placing to get their hands on 25% of Ruvuma or maybe even some deal with Aminex regarding asset pairing with AEX adding Nyuni into the mix for a portion of WEN production.

Till the AEX/Zubair FO completes it's all dead in the water either way.

Hi paul, green box just above the "post message" and on the right to switch between thread view and Message view.

Hope that helps.

Agreed JT, don't see anything happening till the Tanz Gov decide to move forward and sign and that all seems like it is of course politically motivated and tied into the elections next month.

Some think it will be used as a tool before the elections to demonstrate what great progress the Gov are making just before elections and others that it will be used post election.

Who knows?

You believe strongly that WEN will be making an offer for solo's 25% of Ruvuma Thordon?

More like 1 for 3

Aniseed balls, 2 for a penny, bit like AEX stock ;0)

Well what can one say, if you have not sold out as you always claim not to have then you must have faith or be delusional. Can only be one or the other Burning :)

A week Tuesday?

Testing.....;0)

?

Evening steve, no one can deny the money spent on a failed deal & meanwhile some of the BOD seem like they might be busy over at Bloe?

Remains to be seen if they are hero or zero here whilst everything seems to hang on the Ruvuma Farmout and the asset liquidity it brings.