Member Info for dvharrison

Everyone wants to see GOI approval sooner rather than later. The election is just a (small?) bump in the road imo. The key downside to ongoing delays that may last through the summer and into autumn, apart from the obvious delays in the exploration programme, will be the need for the BoD to raise cash prior to the receipt of the $2.5M. Lets hope that LTHs don't suffer too much dilution.....

Don't know how they will announce the result before the end of the election period I.e. 1 June!

Can buy well below the Placing price of 2p just 3 weeks ago. Pretty tempting risk v reward trade/investment....

You've got to be patient! lol

Yep, as i suspected the GOI approval is going to happen later this year (hopefully!). The £400k loan (11 Mar RNS) is unlikely to be sufficient so expect some dilution further down the line. In the absence of news I can see plenty of red days over the next few weeks and sub 0.1p seems inevitable. GLA

Saudi update next week?

TW is still keen (extract below of recent article)!!

'.....Tulu Kapi, project financial confirmations and launch towards development anticipated by the middle of this year. We are assured that all is on track and we will get that final “funding secured” RNS soon. That will see the shares race ahead as the doomsters are shown to be talking tummy rot. But you are bored with Kefi ( another sign that it is such a STRONG BUY!)' He then went on to 'tip' 3 other gold stocks....

The chances are TK finance will get signed off eventually just not in the timescales put forward by HAA. We all know now that his super optimism recently was to pump the share price to get the Placing away. LTHs fell for the much used tactic again! I suspect we will have a (positive) Saudi update in the next week or two to suggest that the company continues to make progress in both jurisdictions. Rinse and repeat.....

I think most here now recognise that GOI approval is not going to happen until later in the year (hopefully!). More patience required....

BoD silence for over a month! No wonder the share price is now in freefall. Wouldn't be surprised if this was suspended. Folks are getting out with something rather than risk their whole investment imo....

Bid now sub 1p, ask sure to follow. Could easily be sub 0.9p next week as selling gains momentum. One to avoid atm imo. GLA

Where is the money coming from to fund the ark share of costs?

RNS: John Teeling, Chairman, commented: "We are very pleased that Group Eleven are going to undertake this programme. The economics for zinc miners are looking better due to lower treatment prices for zinc concentrate. We would expect to participate in this programme."

Just a couple of days before the elections. No GOI approval this week and its going to be the end of the summer/autumn earliest imo. Funds will be running short and a (heavily) discounted placing will be inevitable to keep the lights on. I suppose peeps should have seen this coming given the BoD's inept performance over the years but it will still be painful. Just hang in there Carrot, you might yet get your 0.08p buy in price!

Sub 1p approaching, probably this week by the looks of things. Another piece of AIM cr*p......

Carrott, if we don't have the RNS this week then that is it until the summer/autumn imo. The share price will surely drop next week (and beyond) but i think there will be buyers (including me!) filling their boots at 0.09p. If you're waiting for 0.08p then i suspect you'll be disappointed.....

'Priority targeting currently underway to expand gold exploration program'

So what are the timescales? RNS reads a bit woolly to me.....

Yep, sadly delta the SP is only now reflecting the new reality. Might ge worth a punt sub 0.03p imo....

I think we'll get another update from Saudi in the next week or so to in an attempt to cheer up the troops. Won't have any impact on the SP as that is entirely dependent on TK finance approval (imo) but will give us all something (positive?) to focus on...

It is moving....down to sub 1p by the looks of it

Hope you didn't get spiked!