Member Info for deckchair66

Agreed we need to push on with it.

India has an equivalent Civil Servive ..surely because of the legal aspect they would be dealing with it?

I wonder if nobody fancied bidding with the pending litigation?..twists & turns going on for sure

Sorry if this has been covered..

Google e auction India, I am on the hop so not had chance to look into the site.

Get the resources confirmed and bag a for sale sign in the ground

Or off course

I think the reasons behind (have a look at news on dfr gold website) they recently restructured, plus they & us have a bigger slice of the pie in respective resources.

Kalaka is bordered by I think 8oz & 4 oz mines..our geologists are skilled guys.

Low grade, low cost mining in kalaka.

Either way bhukia claim pans out..we will have either instant funds, or decent uplift in sp to raise capital to invest & prosper from

Yes not a bad option.

I remember some time ago trying to do some research on the 20% jv.

Don't recall I found anything..I was looking for boots on the ground locally, equipment so on so forth.

Deffo think they need to drill that northern bit as a starter.

@MinesMinIndia

Only just realised Indias ministry of Mines is on twitter ...maybe results will be announced there?

Spot on ejt..nailed it in one

To be fair, what we don't really know is..our jv (20%) are a mining company.

We don't know ...yet..what tack (equipment) they can bring to the table.

Just a little confused Gallmat why you are worried...let's say we are awarded £800 million & by that time we had 250 million shares in circulation that's still worth £3.20 ...what's the concern?

2 million oz even low grade would surely be worth $150 per oz after all costs?

80% of that is $240 million.

Potentially 3 million oz...!!!

It's on the rns stock exchange release list..its re kalaka

Rns..inbound!..

Then put interest on top..plus damages,costs etc.......

Vedanta (2016) won gold mining auction & paid about 12% of spot.

If you google above , whilst years ago it gives an overview of e auctions etc.

I think the dept of Mines announced Vedanta as winner the day after the auction

Interview or Rns update would be nice next week.

Thanks!

Agreed Ejt ...but Pk better stay focused now he is newly promoted to Head Of Intel Gathering.!

Copy that Shear, I looked earlier & could only buy a fivers worth!