Member Info for dai2belts

They should have lied like their lives depended on it, got a buzz going..

For some reason Lorna felt it necessary to point out that targeting the faults was always the plan, which I doubt..

Still talked those rig saving up, how it was the right move,,

Had an out of date share price chart, financials from last June, all moot now they are unsure they can raise enough for any more than Itumbula, but did mention they have cash ?

I watched it, amazing stuff.....Turn up at an AGM knowing full well what the questions are going to be, and just say NOMAD says no...

@Xviolet, the message was clear that they dont know if the funding will be enough to return to Tai, thats not good...

What is was not clear is whether the funding would cover both drilling and testing at Itumbula.. Formation testing has been previously quoted at $2m... and there appears to be a difference of opinion with Baker Hughes..so I guess a payment dispute..

They refused to answer all financial questions,so everybody is in the dark.. The current share price, 315m discounted shares plus probably 10% raise fees will probably raise less than 3m... So it could be drill, create some hype, then hibernate until next allotment

Anybody recall the Tanz Gov JV question

@Skippy, for now watch the sp reaction...should answer your question

I believes Its the headroom...but no expert..

"provided always that the company has enough headroom in its general authority to allot shares"

They must be dumb, announced a fund raise in advance, and at the AGM leave themselves in a situation where they must evade related questions... They knew what was coming, so now the share price takes another and their ability to raise is further impacted...

But the headroom is 315m, and there probably is a limit

@Bluebay, can you explain why they did not notify us in advance of the previous fund raise, they were asked numerous times about it..

Cash Box..

"The UK Companies Act permits the allotment of equity securities for non-cash consideration. The cash box structure provides Main Market and AIM issuers with a way to conduct a placing whilst qualifying for this exception, provided always that the company has enough headroom in its general authority to allot shares. So, whilst the disapplication authority may be depleted, a company may still retain sufficient general authority to allot shares for non-cash consideration "

I love it, they cant say anything its the rule, but no rules on taking your money..

@Sinequanon, They wont answer my first, specifically asked for a cash figure

Mmm, gave the impression all IMC questions answered, did'nt answer mine, not even covered my 2nd ..

Words of comfort , great question lol

Being very evasive on cost over runs , but substantial

Presentation SP chart was only until Nov 30th

Awful Q&A responses

Must be struggling for funding, we might get a look in...

They had no choice to announce fund raise, but did'nt the 1st ?

He1 see themselves as leading producers, at least they did'nt say lease operators ;)

@Marc, look at the MC, and the costs to drill a well

Graham totally avoided current cash position,

The hardcore questions are probably being filtered...

I have ask one easy going question , and one straight to point, asking for a cash figure..