The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I suspect she was behind the ADR program which has to be a positive 1st step. Only time will tell what impact that has going forward.
Contact the company and ask them what plans they have I find them keen to engage and share what information they can.
From the RNS 27th April
Marcus Edwards-Jones, Executive Chairman, commented:
"I would like to welcome Ms Catherine Evans as an independent Non-Executive Director. Catherine has over 20 years of experience in institutional investment sales in the UK, Europe, Hong Kong and South Africa. She started her career with a US brokerage firm, before joining Pictet Asset Management. Catherine then spent 10 years working in alternatives, specifically hedge funds, before joining the founding team of Fundsmith as Institutional Sales Director prior to the launch of the highly successful Fundsmith Equity Fund. As the Company grows and nears production, we are on the radar of institutional investors, some of which participated in our recent fundraising. Catherine's experience will enable us to engage more effectively with this wider universe of investors
From the 17th August RNS
"As a result of the March financing, your Company has a strong balance sheet with sufficient cash to cover ambitious exploration programmes for this year and next, as well as ANTICIPATED operational and corporate costs into 2023, by which time we EXPECT to be in production from the initial open pit mine. As a result we are NOT PLANNING any new equity issues for cash as we look to finance the construction of the mine from debt or debt-related instruments."
I'm betting there won't be much major news until around the end of September. I'm thinking the company will wait and announce around the time time of the ADR.
"The Level 1 ADR Program (the "Program") is expected to be operational by the end of September 2021"
A very positive update but SP no one can be 100% on further issuing of new shares, my take on the paragraph you've quoted is a positive hopeful from the board.
I hope you and they are right and all the plans and costings don't come up against any major unforseen issues.
"As a result of the March financing, your Company has a strong balance sheet with sufficient cash to cover ambitious exploration programmes for this year and next, as well as ANTICIPATED operational and corporate costs into 2023, by which time we EXPECT to be in production from the initial open pit mine. As a result we are not PLANNING any new equity issues for cash as we look to finance the construction of the mine from debt or debt-related instruments"
Hi RO
Thank you for your offer.
It would be good to know where the company is with licences, permits and Infrastructure (access, power, equipment etc)
Also
Has the covid situation created any delays to Q4 2020 and Q1 2021 plans. (Company and 3rd party).
Why buy now, if I read the part in the circular correctly there are I think it was 49 million share options available to some of the directors until mid May next year at 1.34p. A great price if everything being talked about is ratified......
Maybe 13hrs early......
Anyone else receive an RNS alert at 18.15 ish this evening? When you click on it says there's no news available............weird, not sure what to make of it!!
Hello John
Have you actually picked up the phone and asked the question(s)? Try it and see how you get on, maybe you'll get the answers you want......I usually call between 16.00 & 17.00 and so far haven't had an issue getting through.
I'm sure as you well know when they have all the details in place I'm confident shareholders will hear and the EGM will be notified.
When I spoke to them the other day I asked if APT has actually been 'formed' yet, something I have not seen confirmed. In July they were under formation. For me if this hasn't happened and been signed off by the Tanzanian authorities you may have a reason why things are not ready to move fwd.
FYI they didn't know and were going to find out and get back with an answer.
Well said PMR77, my situation is the similar to yours. It's nice to see the move upwards but lets get to consolidation open levels before getting to carried away!!! As far as the 'major' rumour goes lets wait and see how the test goes..............................