Member Info for dai2belts

@No1, so did the buys prompt buying now rather than waiting for a little lower?

@DD13, Brain fog at the moment...Another company talking Europe, ESG,
Worth a read, one breath saying it took years to sell their PSA stake, then talks about current investment trends being their reason,,, but gives an idea of whats happening...

https://www.lse.co.uk/rns/SCIR/ruvuma-divestment-and-announcement-of-gm-ylsgo2cwkmom0t6.html

Oivs, 2m shares, thats a lot on money, at 8p thats £160k ...
Whats your secret?

@DD13.0
However, given all the positive updates from Renergen about Ivanhoe Mines and Central Energy Fund lining up to be equity investors and the -----"US International Development Finance Corporation and friends signing as potential debt funders"----- , the pieces are falling into place for Phase 2

@Nas-k Any news on the EU building a hi-tech factory in Rukwa next to a local helium producer?

@Void, Its ethnic cleansing, removing them from their home land. Probably dispersing them into many areas so that their ways are lost...

Yep, you have some balls.. lol

@Nas-k, you must have bots searching the net for you :)
Just hope these EU diplomats are not the same guys that were For both NATO and Russian Oil..
Still, even today, you are either in bed with the Yanks or the Soviets, unfortunately :(

Unbelievable they would put elite tourism over so many of their own...
https://news.mongabay.com/2022/02/tanzania-siding-with-uae-firm-plans-to-evict-maasai-from-ancestral-lands/

Nas-k, What do you think their buy in price would be, could No1 be a price scout ;)
Have you seen any updates/changes to those parts listed ?

@No1, if you get another shot at buying sub 9p I will be calling you Master Plasterer..
A tip for your selling, wait for Wyn to predict a breakout, lol
Only joking Wyn

Happy Birthday..
If we don't get a good RNS in the morning will it be Dastardly DM

He1 probably sat at 8p because it has no debt, and had $10m in the bank.
The original plan was to drill 3 wells with less than that, and I think thats roughly where the share price was while waiting on the start of phase 1 news flow..
Not sure where the price will sit if they dont get that rig drilling this year, especially now we believe they have a rig but seemingly have work to do to get it prepared. Would be nice to have a video showing the rig being worked on, knowing whether its in a yard with a fully equipped workshop or in the field.. I would love to know who this international team is working on the rig too, I hope is not a new service offered by Midak

@Kev, Not sure exactly what that £250K is, its obviously no where near the cost of drilling.. So I guess there will be a big raise to pay for that..
Watch list, for now

@KevinRound, it was another on prognosis drill, super exciting, ended a duster .
Next drill is twice the size though, requires £250k payment to drilling contractor, then they is a 2 year window to do the job...
So there could be 2 years of fund raising and dilution,
Interesting Topaz RNS's, educational, worth reading for the knowledge, Geology and Financing/debt
Maybe read the RNS's for the Jade story, another ADV..
So confident that the analysts upgraded the share price to the p10 value, if they do that again could be multi bagger..
So its in my watch list too, if its idle and raising funds to pay costs/debt for a year or so I would rather watch and learn.
There is debt restructuring too, worth reading..

@Porky, Did you catch the BOP posts?
That's an official update

EME, hit 13p for their unsuccessful Phase 1 drill targeting a GCA audited mean in place potential of 225 MMbbl and a P10 in place upside of 395 MMbbl.

Phase 2 approximately 891 million barrels in place (P10),

@Xviolet, Wyn was just getting Kevin to buy so he got top price selling..
Only joking..

Fully diluted share capital 560,452,272(IPO Doc)
with the 100m shares from the £10m raise I believe thats about 660m..
Currently 620m shares outstanding. 509m free float..

@Xviolet, you can look through the IPO docs, it has a break down of the warrants, you might be able to match the numbers issued with batches belonging to whoever..
2,84p was the issue price for the IPO..

@Kevin, hindsight hey..
Guess you were betting that the BOP order meant the rig had passed its test, and the trimmings were being ordered or simply progress was being made?
Hindsight hey....
I think the question is "whats the time-line from ordering to getting those parts to the workshop"

May be at the moment its about what price the sellers are willing to part with their shares, I was hoping a little bit higher..
What price they will buy back in...
Will have to watch No1 :)