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HAA comes with Empty hand to demand for huge funding as £1m / month from Nov is 6 months ago, so Kefi's book has Zero cash , why any African Bank and Locals will willing to oblige that hugely Arrogant Aussie the dick who can't even speak properly other then bragging "the good relationship with top leaders like Abi, really ? HAA failed us for 10 years with huge salaries for doing total BS !
https://sputniknews.com/africa/202106011083052912-malian-opposition-leader-named-interim-prime-minister-source-claims/
RABAT (Sputnik) - Mali's opposition leader, Choguel Maiga, was picked on Tuesday to lead the West African nation's caretaker government through the transition period, a military source told Sputnik.
GLA!
ROB: I agree it's a huge gamble ! My problem is 1: Harry had bad track record from his last job ,. 2) The media did say it was Final Warning but Harry never admitted, I think the previous warning could be Verbal during the meetings as Kefi claimed they had with EG official last month or so. Otherwise why the EG Official made specific attack on this so called " politically high profile project " that funding stories changes all the time and endless delay again and again ! 3) Why the local money never committed , why? Local should know better as this "$0-10m" is nothing using local currency , why did they jump into it?? 4) The EG official did stressed that those revoked licences will be put for international auction for the highest bidder , why NOT if I was the EG decision maker! 5) Finally Another potencial BIG risk is the military conflict btw Egypt and Ethiopia over the DAM project Finally, all the Infrastructure EG spend only ADD its auction value when comes to bidding war by the Majors I think !!! Well, I made decision and cut the big loss, so be it! GLA
My Concern is the big problem that EG may have big issue of Kefi's claim of its £60m expenditure that have NO evidence to back it up, neither has Kefi ever had that much money to spend in its entire existence !!! If this is the case, the License will be revoked !!! Also, in history of mining financing, I have had learned an tiny company like Kefi, used all our PI's money can pull this trick off ! Let along US just imposed sanction on EG over its conduct in recent Tigray by NOT give $900M funding to punish EG! So, how come these African Bank can finance the Kefi massive funding requirement? Risk is TOO high! I am out ! GLA
NO Steel : The reason for change the Nomad is that Lofgran offended the Nomdad by saying NTOG does not raise the fund to meet the trick of Nomad so they ganged up to depress the NTOG share promotion ! Now NTOG raised the fund by new issue of equity , makes these Nomad happy , so they will be happy to promote the NTOG ! DYOR
Weyland: NTOG has 1500b/month hedged for $51ish /b till yr end , which is good for us. Maybe you can explain your quote of $60K/month lost in 2021, what was the base assumptions on PoO and NTOG's production monthly amount please . Note: we are at over $40/b now , I personally expect PoO cant go lower then $50 with all the Printed money by worldwide govt, esp US govt! ?
FULLY Agree with your analysis and assessment , along with fossil fuel industry, esp when trump is re-elected , which is extremely likely , he is big pusher and may even lift ban on fracking ! So we may even see the price of oil over $50 this year!
Indeed as I stated for the lowest was 025-0.30 and added 2m share back then to low down average ! remember the consultant is happy to be paid with 0.3 share and 0.6 as warrants, they know what they doing I think! GLA
Well, Lofgram did admit that 1) money raised for drilling at Mesquite field was not spent , 2) hedge facility can be utilised for newly acquired well production at $51ish price so net cash. 3) Cypress farm-in is still on (but have no control over it).... IMHO, the cheap MA deal is saver or bottom line, NOTE: Nostra Terra is guaranteed $55.12 per barrel for 1,500 barrels per month for the remainder of year. this is good one !!!GLA
Well, no matter how bad the reputation of this MATT guy over time, for the current market cap of a bit over £1m, with bank facility (meaning more loans) and reasonable cash flow for $40 price bench market profit , I just cant the SP going any lower . So for what is worth , I added !!! GLA ps: this acquisition has been planing for long time (prudent and good price ). Then the next leg is the drilling news , so I put my money where my mouth is !BUY!