Member Info for CrustyPete

I seriously doubt that the TG have deep enough pockets Crypt - but local, East African Dev't banks will have.

I don't think there is any "likely" about it BB - it WILL be developed in stages. Hence the reference to "modular" production facilities linked to a phased programme for the drilling of 20 -30 wells.

Wyndrum if you haven't already done so I suggest you take a look at this URL, kindly supplied by Toffers earlier; it will partly answer your question.

Https://www.clydeco.com/en/insights/2023/05/project-financing-the-development-of-a-mine-in-tan

Depends what you mean by a JV Sol. If you look at the earlier post regarding Clyde and project funding it suggests that an offtake partner arrangement is a pre-requisite for ML award - hence if you mean a JV with an offtake partner it is likely to already be in the bag. If you mean a farm-out partner or similar, I would suggest that it is somewhat premature, and for any number of reasons of which the CPR is just one.

Agreed McNol - far more likely, in my opinion, a "farm-out" to a helium major player for a considerable cash injection (and yes, at a large premium to the Rukwa NAV) .

I suspect that there were any number of He1 STH who did not get to see yesterday's rise until after the close - they are simply cashing in, as they see it, whilst they can - they are likely to regret it but, then again, it is never wrong to take a profit.

Not the full FS, no I agree - LB has suggested that aspects of the FS will be released and not the full detail - but I do not see a CPR as "alternative" but more of an addition, corroboration of the future potential. Indeed it could be argued that the CPR in isolation of the FS does not convey much at all? Quantum of the underlying assets yes but no "value" without costs of production, "margin" and equity / income split between any JV parties.

Personally McNol, even if the CPR is available sooner, I do not expect to see the content of that CPR until after the ML award and release of the FS - it seems likely to me that the CPR be covered by the same restrictions as the FS. Though I fully expect all of those items to be available very soon.

Yes Toffers a very useful reminder - though whilst I do not remember doing so I somehow already had that page as a "favourite"!

My recent average now 0.022p and that not counting banking profits after top slicing at 0.031p in March.

The BOD have stated "production" within 12 months of the ML "award".: That funding will come from a mix of Debt, JV and equity funding (which will be minimised): That a CPR will be forthcoming soon: that elements of the FS will be distributed after the ML "award": Galactica income delayed by a few months but, as the income was to be reinvested in subsequent drill programme of no immediate consequence on cash flow.

But of course the scaremongers and naysayers know better than our BoD and the publicly available record..... 😂

Idiots.

17% maybe whoknowsnothing is a lot less than the 50 -51% that you were predicting.... but still ploughing the sane vacuous furrow. Zero credibility.

That makes a pair of them then.... and "a pair of what"? you might reasonably ask. Prosiciunto and RoT.

Equally tedious and equally irrelevant

Ah and there we go bid dropped.... bugger! 😖

Well you may be right Chesh but cannot get a price for anything over 500k size to sell currently... not that I am looking to sell.

Blubay do not forget that He1 would get tax handsome reliefs if using local service providers and suppliers.

He just can't help himself can he?! 😂

Oh, what a surprise, a return to normality - RoT back on song, countless posts of his listening to the sound of his own, very dull, tiresome voice.....

Oh dear what a pitiful figure our RoT has become.

Oooh look, he just can't help himself from "the last word" eh?

Does he still believe anyone is still listening to his vapid, tedious musings....? Totally deluded 😆

What a pleasure to see that the Board has not been spoiled by a preponderance of green boxes.

I can only assume that our resident narcissist and "bid swinging Di.ck" has been busy today? Must be "waxing his bentley"... oooh er! 😉