The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
So why did it say it was then up for renewal apr 2020 was that a mistake, didn't seem a very long renewal?
https://www.proactiveinvestors.co.uk/companies/news/196240/in-the-current-copper-market-bezants-mankayan-deposit-could-be-highly-attractive-to-a-major-mining-company-196240.html
That article makes mankayan seem like a very big deal with majors interested, what progress was made over last two years, have they proved up the asset? Is it ready for jv on this renewal?
Says here the licence was renewed in 2018https://www.proactiveinvestors.co.uk/companies/news/197792/bezant-resources-renews-mankayan-licence-for-a-further-two-years-197792.htmlIts the mineral production sharing agreement that is currently being renewed. No. 057-96-CAR
I know my failings, Id never claim to be 'clever'
https://www.euronews.com/2021/11/01/europe-must-reduce-its-dependence-on-russian-gas-view
but ffs are you telling me this is a surprise. How on earth did they let it get this far?
Surely resumption of operations is a big deal and implies most obstacles are now removed. Why on earth would they not communicate directly with shareholders with regards to such?
Thanks Aurora, Seems like a reasonable summary based on what we have heard so far (albiet not from teh horses mouth)
It seems ZM is not in favour with the courts or the GG, whereas there does seems to be some cooperation between the GG and Frontera resources which seems positive. Question is what is the extent of that cooperation?
My understanding is that ZM set up a seperate compnay Frontera Eastern with Greencapittal and tried to transfer the asset. This was blocked and court proceedings are in progress, however ZM doesn't seem to have registered that. All a bit weird. It could be an incompetent asset grab or possibly an attempt to just create chaos to block the asset being developed he may be in league with the whoever is trying to do that (answers on a postcard). Either way it looks like a long slog through tthe courts to sort it out. It would seem the real Frontera has teh patience and finacial backing to push this through to the end so could be jsut a matter fo time. There certainly seems to be demand for the asset.
Actually I do see it now
https://www.londonstockexchange.com/news-article/market-news/intention-to-float/15178098
It does however, seraching for that RNS number brings nothing back een on the LSE site, so it is a bit odd.
Fact is this declaration is what one would expect just before the prospectus is published and as the timescale has been set for floation in Q4 it would seem likely that most hurdles have now been removed and we should expect the prospectus shortly.
This year has been a good year for IPOs
This has all been brewing for years and we on this board have all sat here, money where our mouths are and watched it happen whilst the rest of the population and our leaders have either been blissfully or criminally unaware or unable to do anything about it.
Stopping supplies from ex-svoiet states is clearly a key part of the Russian plan and quite honestly I don't see how the West will be able to do anything about it now, its far too late. But then when you see how entrenched the Tory party is with Russian money its not a huge surprise perhaps.
https://www.bbc.co.uk/news/business-58662455
Mr Monk said the time it takes for firms to set up a stock market flotation has jumped from three months on average to six.
People wfh slacking off causing delays apparently
The French killed the leader of IS in Mali only two days ago.
https://www.google.com/amp/s/amp.france24.com/en/africa/20210915-french-troops-neutralise-leader-of-islamic-state-in-the-greater-sahara-macron-says
Getting serious now.
A government spokesperson said: "The UK benefits from having access to highly diverse sources of gas supply to ensure households, businesses and heavy industry get the energy they need at a fair price.