Member Info for dai2belts

Its odd how quickly the trolls cleared out, they did'nt keep pushing CSS were about to off-load in a manner that would crash the price once the lock-in date ended.. No obvious uncontrolled selling throughout the week...So I guess the buyers are back.

If they forward sold and intend financing a future fund raise, then going long could be their plan...Loan shares at the low, or take a long position, and support the rise by timing buys through the market, its a low liquidity stock so won't take much. Sell high, and use placing share to pay back loan

Taxes allow you to continuing doing whatever if you have the money, Its all about filling the Gov coffers when it hits most of the population...New carbon taxes on shipping(world trade routes), extra taxes on fuels and transport.. filling the coffers and keeping inflation high as costs are passed down, which shrinks the true value of gov debt, and unfortunately our savings...

UK debt 135% of GDP, during the financial crisis if I recall correctly the EU were on Greeces back for exceeding 70%.. While almost double is typical today, shows Govs keep borrowing while unable to pay back.. Something will have to give ...

Not sure why Brexit happened it looks like the UK is targeting car emissions as a way to fill its deficits in the same way EU is..

Workers should spend a month commuting on public transport, but take the extra travelling time out of their working hours... Productivity would drop, public transport would not be able to cope, and the coffers will miss the fuel tax revenues...

https://www.connexionfrance.com/practical/how-frances-vehicle-maluses-work-and-what-changes-are-planned/683982

6 months ended 30 June 2024

net cash received from financing activities 1,909,504

cash and cash equivalents at end of the period/year 788,802

You guys are the miners, I am putting some notes down for you all to scrutinise :)

Sounds a little like Gcat, suspended for about a year, defaulted on their gold loan, fund raise(may), relisted, August £600k subscription, another subscription £175k and debt conversion $300k,, CLN cleared for shares( 16%)...And defaulted Gold loan to be paid Dec... plus spending to bring production up.. and probably more exploration

Seems debt is being covered by share dilution ..

Think I read new production team to get pit

The Homase Mine was discovered in 1998 by Shea Gold Limited and acquired by AngloGold Ashanti Corporation in 2000. It was brought into production in 2002/2003. The mine produced 52,500 ounce gold at 2.5 g/t. The mine was abandoned as the gold price fell to USD275/oz. GoldStone Resources invested in the property in 2010.

Pit must been AngloGolds..

https://www.goldstoneresources.com/wp-content/uploads/2023/03/Pit1_5-Homase.jpg

Nov 2023 Loan default, extended to Dec 2025, interest 14% per annum

As of 15 November 2023, the Company owes the Secured Creditor 2,398.32 fine gold ounces.(99.995%)

Thats like $7m

-----------------------

Doré is the term used for the rough or unrefined gold produced in the mine's metallurgical plant, (maybe max 80% gold?)

Gold-bearing ore is often initially ground down with steel balls before undergoing a process of wet-chemical separation designed to remove contaminating dust and dirt. Washing these deposits with aqua regia, nitric acid or chlorine-containing hydrochloric acid helps to dissolve and separate the precious metal from other base ores. The final stage of the recovery process involves either electrolysis or chemical extraction. The resultant industrial gold is heated to create a liquid substance which is then poured into rectangular moulds. When cooled, these blocks are known as doré bars. However, they also contain other valuable metals such as copper, platinum or silver. The gold content of these bars is thus somewhere around 80%,

To obtain pure gold with a fineness of up to 99.995%, the remaining precious metals must first be removed, therefore the raw gold bars undergo various separation processing. The most common processes are chlorine cleaning (known as the Miller process), or the more expensive electrolysis bath treatment (the Wahlwill process)

https://swissgoldsafe.ch/en/additional-information/investment-forms/buying-raw-gold/?srsltid=AfmBOoqJM1zD8OLu14GtTvDyHpJBEH-WK-0alYfA81ksUCqN9U6yMTpD

Target dore, 1000 oz/month from Jan,

August 2024 produced 236 ounces of doré

Nov 2024 416 oz

focus remains the production from, and exploration of, the Homase Mine,

----------------------------------------------

Produced 1,333.81 ounces of gold in H1 2024.produced (2023: 124.80).

deferred secured gold loan repayment to December 2025

a successful fundraising initiative.

============

Increase to 48k tonnes/month

Our optimisation strategy at Homase continues to progress well as we look to deliver 48,000 tonnes of stacked and agglomerated ore by the end of the year. The Company is currently stacking some 150tph on a single 12 hour shift , and towards the end of 2024, will be running two shifts, for a 24 hour operation, as we build up to 48,000 tpcm, which is expected to facilitate production of approximately 1,000 oz doré per month from the beginning of 2025, based on the current recovery rate of 68% and at a stacked grade of 1g/t.

Mmmmm Jorc 1.77g/t, but stack grade 1g/t ?

----------------------

Leach Pads

The strategy also includes the development of additional heap leach pads, which are on track and within budget; Pad 5 was completed post period end, and earthworks for Pads 6 and 7 are underway.

===================

Further Exploration

JORC 602Koz 1.77g/t yet AngloGold only produced 52,000 oz gold2.5g/t ???

The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000oz gold resource at an average grade of 1.77 g/t.

The Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,000 oz gold at 2.5 g/t recovered. Production is currently focussed on the Homase Mine.....

How many shares did Alex get?

Technology Minerals Plc (LSE: TM1), the first listed UK company to focus on creating a sustainable circular economy for battery metals, announces that it has raised gross proceeds of £250,000 (before expenses) via the issue to Alexander Stanbury of 250,000,000 new ordinary shares of £0.001 each ("New Ordinary Shares") at an issue price of £0.001 each, and a further 198,493,000 New Ordinary Shares at the same price for £198,493 for the settlement of professional adviser fees and other obligations, for a total issue of 448,493,000 New Ordinary Shares.

Hotfinance14

Posts: 2,549

Price: 4.12

No Opinion

RE: MSC Leandra6 Feb 2025 10:20

Wazza...For your reference there are 3 bilateral agreements to be signed off:

1. Quadrise and MAC2 for services

2. Quadrise and Cargill for tolling

3. MSC and Cargill for fuel supply.

I see a scenario which could be the main reason for the delay, making the last update a secondary reasons..

Exactly how is the additional 50km dispersed over the original area.. A 50km^2 increase overall is hard to swallow because the target is deep under ground, what could you see from the surface, its not like its going to be an open pit mine...

We know how they write updates, so that only later its clear..

Who got how many shares?

echnology Minerals Plc (LSE: TM1), the first listed UK company to focus on creating a sustainable circular economy for battery metals, announces that it has raised gross proceeds of £250,000 (before expenses) via the issue to Alexander Stanbury of 250,000,000 new ordinary shares of £0.001 each ("New Ordinary Shares") at an issue price of £0.001 each, and a further 198,493,000 New Ordinary Shares at the same price for £198,493 for the settlement of professional adviser fees and other obligations, for a total issue of 448,493,000 New Ordinary Shares.

Stanbury has'nt got those 448m to sell,

198,493,000 for the settlement of professional adviser fees and other obligations

Following Admission, Stanbury agreed to immediately sell the 250m at the same Issue Price to certain investors

Have you checked out CRML, Nasdaq ?

They will place, that is needed for Mt Winter.. unless there is another unwelcome surprise, something about Hussar then a raise when permits looking good

If the costs are wrong then its down to that consultancy he is using..

But our error is there was a big bottom with a period of no news to follow, on a low liquid stock, and plenty probably looking to average down, or get back in.....Only immediate concern being CSS, but last months volume was very high, so they may have forward sold..

As I type its jumped another 15%

@SundayRoast

"I've just calculated it they receive 1,371,742 shares at the current price of 5.75 USD that's 7.9USD or £6.35mil. "

There is some info in the June 2024 results to help you get a better idea of what is left after deductions

Not sure, I just looked in, glanced the poster names, and the trolls are awol..Also seen 6p go through..

MM move it quickly either way, up today..