Member Info for Fingersandtoes

Well worth a watch is the interview from Oct 2019 https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/904967

This company definitely seems to have been under the radar and the current mcap is ludicrous. Should be at least £8m at this stage so 4 bagger just as it is . As is said in the above video the board are not a lifestyle company like some on aim and spend bigger all on salaries, wanting to spend it on exploration. I will be buying more in the morning.

Sorry - was actually added to the web site today

This appeared on the Ethiopian Ministry of Mines web site yesterday- hopefully we will get a mention today at this meeting (Ethiopian date format)http://www.mom.gov.et/
ews and Events
 
Consultation with stakeholders on a 10-year leadership plan to develop the country's mineral and oil resources

Consultation with stakeholders on a 10-year leadership plan to develop the country's mineral and oil resources

The Ministry of Foreign Affairs will be present at the United Nations Commission on October 24, 2012, in the presence of diplomats, representatives of higher education institutions, officials of regional ministries and other stakeholders. (ECA) discussion was held.

The 10-year strategic plan is underway to boost foreign exchange in the sector and create employment opportunities for millions of Ethiopians. For the implementation of the plan, it was raised that all stakeholders should make a concerted effort. In the forum, the Mineral Development Policy, Petroleum Development Policy and Biofilm Development Strategy were presented and resources were collected. It is then followed by other discussions.

fjones40 - where do you think most of the money comes from that is poured into Pharma companies, who can then perform R&D into cures for cancers, addictions, parkinsons etc etc - it comes from investors who want to see these cures/drugs invented but also as they want to make a return on their investment. People/Institutions/Pension funds also invest in ammunition, artillery, cigarette (BAT), alcohol etc etc companies to make a profit. People even invest in car companies that then kill thousands of people every year...If people did not invest in the likes of NCYT then they would not have the money to invest this virus test and then that would mean that many more people could be undetected and infect other people etc... Nycy have now raised extra money via there warrants that could be used to speed up or expand their capability. So I do not think you should feel any shame in investing in something that may help others to be saved. If however you were hoping that the virus would kill millions of people and that would cause the company to make £100Ms then that would be sad.

The handing over of the money will really help the sp along, however I do feel that SA mine could at least equal our Ethopian mine if not much more. Greatland Gold (and no disrespect to them as they have done very well) have their Havieron mine that Newcrest are working on and will leave GGP with 30% of the mine. The mineralisation strike stated in latest RNS is observed over 450 metres of strike. Latest Kefi SA RNS (where Kefi own 37%) states 'mineralisation intercepted consistently over more than 4km' 4KM!!!! - GGP Mcap £137M, Kefi Mcap £21M . Sure - probably not completely comparing apples with apples but we also have our Ethiopian gold mine about to start and be the biggest exporter for Ethiopia ad to that a potential $1B CU licence 50Km south and also the extra licence area of 1200KM2 that the company have been allocated. Please do your own research

Just a summary, for any new investors, of our resources and where we are with them.
Saudi:
We have a JV with Sheikh Al Rashid and his family (37% owned by KEFI) across 2 mines (Jibal Qutman where around 700,000 ounces of gold have been identified) and Hawiah EL.These current results have been stated by the company as ‘potentially analogous to some world class discoveries in the Arabian-Nubian Shield.’ We also have c1,000sqKm of pending licences.
The Hawiah licence is 200KM south of Barrack's mine (Ma'aden) - Ma'aden is the state and they bought 50% of the mine from barrack for $210M. Ma'aden is lead by the head of Saudi wealth fund ($320B) and also head of Saudi Aramco - who guess what - have just raised $25Billion to invest in other industry including mining!!! Ma'aden and Barrack say they want to buy more copper resources and our results so far look very good 'Wold Class'. So who knows what could happen in Saudi.
Results announced on 23rd Jan for the recent drilling at the Hawiah mine (all Assay results not yet in) show Copper-zinc-gold-silver sulphide mineralisation intercepted consistently over more than 4km with a CU high of 5%.

In Ethiopia we have spent our share of the costs (mostly) and it's now up the other partners (including the Gov) to stump up their money and we are hoping that this will happen very soon.

The resources in Ethiopia are c1M Oz gold and that is just what is on top - there is hope that there is ever more lower down or in the wider area, which Kefi says they will explore once the project commences. in addition we have another potential resource 50KM south 'Potential for 10-20Mt at 1.5% Cu; (15Mt at 1.5% Cu at $5000/t Cu = $1.1Bn insitu metal) ' - this was at 2016 values and Cu is much higher now.
Regarding our Tulu Kapi mine, which when operational will be the largest exporter in Ethiopia from a revenue perspective and due to commence in Jan 2020, the announcement on 17th Dec 2019 states that the government has started to construct a new road of 11 km from the main highway to the Tulu Kapi Project site.It was also announced that the Ethiopian Ministry of Mines has now registered the Company’s application for regional exploration licences over an area of 1200 km2 , one of the first to be registered under the newly launched licencing system for the country.
Just before Christmas it was announcement that all debts owed by the company have been cleared by paying these down at 1.25p + 1:2 warrants exercisable at 2p. The warrants expire end Apr 2020. A final meeting with the partners to release the agree funds and start mining is to be held on 14th Feb.

PHE have their research centre in Oxford - is that the one the minister was referring to?

Sorry if this has been posted already as I have been out all day and seen how many posts there are. The GOV.UK web site looks to have been update about the TEST but seems to point this at the PHE (Public Health England)? https://www.gov.uk/guidance/wuhan-novel-coronavirus-information-for-the-public

The UK is now one of the first countries outside China to have a prototype specific laboratory test for this new disease. Healthcare professionals who are contacted by a patient with symptoms following travel to Wuhan have been advised to submit samples to PHE for testing. Individuals should be treated in isolation

After the experience of severe acute respiratory syndrome (SARS) in 2003, PHE developed a series of diagnostic tests to detect any member of the family of coronaviruses. These have been used for several years, and were able to detect the first UK case of Middle East respiratory syndrome (MERS) in 2012.

With the first reported publication of the genome sequence of a 2019 novel coronavirus, PHE was able to rapidly develop further specific tests for this virus, working with WHO and global network of laboratories.

When a clinician suspects novel coronavirus (2019-nCov), they take samples from the nose, throat and deeper respiratory samples, package and send them safely to PHE Colindale. PHE can provide a laboratory result from this specific virus on the same working day.

Achilles - are you sure about PI's - I can't trade on USA stock via HL until HL open at 8AM, can PI's trade in USA at that time?

Investor - way more than £27k

Would not touch with even a graphene barge pole

Probably someone chasing a cat or KAT -:)
The good thing about it is despite a fair number of high sells the sp did not go down much today. When news announced we should see a huge jump upwards.

Could our Kenya Gold licence be signed off soon by parliment?

Hi Mohh - sorry I did not try to buy as am all out of funds

Some more late reporting of BUYS - £22K worth. I got a quote to sell £50K just before close and was offered 1.15p, which is the largest amount I have been allowed to get a quote for since...I can't remember, usually I can only get a quote for £15K

PS- that was based on PET's 30% share of the licence - CLON has 60%

Skelly - a re rate is where a company has dropped away over time due to some issue (e.g. with CLON we have been waiting for our Oil licences to be ratified for some years now as it worked it's way through the legal system and due to a change of government) but now with the hopeful likelihood that our licence will be ratified in the coming days/weeks then that fact will add a huge value to the company and the SP will rise appropriately. To see how much the value may increase by please read the following as current MCAP is only £8.5MCAP - Please do your own research before buying:-

Just some background to our Ghana TANO 2A Licence (in case any investors in PET are newbees) which may help to push up the sp in the coming days and weeks….
We are waiting for ratification of our TANO 2A licence by the Ghana Parliament, already signed off by the Ghana National Petroleum Corporation (GNPC). Some other Tano licences were put in front of parliament on 23rd Dec 2019 and it is hoped that our one will be motioned this week, Parliament resumes tomorrow 28th Jan 2020, or very soon.
In terms of profit to PET if and when we get our licence ratified - if we assume 1B Barrels (David Horgan says multi-billion https://www.youtube.com/watch?v=Cm1mDihuEXQ)
PMO recently farmed in to 88E Alaska field (where they assume at least if not more than 1BB) where they will fund the well drill to $25M and they have taken 70% of the well for that, leaving 88E with 30%. If we assume our licence will have 1BB and collectively (PET, CLON and the other partner totalling 100% currently) have to give away 80% of the licence to a farm out (as David Horgan says it could cost $30-40M to drill the well - so a bit more that 88e's well by PMO) then we will have collectively 20% remaining i.e. 200MB. If PET’s share of that is 30% and CLON’s share is 60% then we would have 60MBB and 120MBB respectfully. If we have a profit of $20 per barrel (with oil at current $53/b) then we would have a profit of c$1,200M and CLON c$2,400M. DH says that the field could be multi Billion Barrel - so even better.
DH has also asked for the original licence, which was allocated to us but which was then given to another oil company (ERIN – which has now gone bust) This is in shallower water and the drill costs would be even less. The Ghana Parliament are reading the Corporate Insolvency Bill 2019 on 30/31st Jan 2020 and this is a step to recover assets where companies have gone bust or have not use the assets (ERIN).
Over at PET (Petrel resources), where there is currently a bit of a muddle over sold shares, the big investors who in theory own 51% of PET have a lot of clout and DH has been quoted only last Friday that ‘“The boys have access. We’ve been involved in Ghana, and as soon as they heard Roger [Tamraz] was involved, the reception changed.” So we could also do with the PET mess sorting out - however if it is not then the lies of Tullow or another oil Major would farm in.

All pure speculation b

Had a read of that great article posted last night - very interesting reading. With the Ghana Parliament reading the Corporate Insolvency Bill 2019 tomorrow and on Friday, which hopefully will lead to ERIN's Shallow Water Tano licence (which was initially ours) being returned to us then both PET and CLON will really move. I wonder if the Billionaires will still fund our well or contribute towards it. As Clon has 60% of the licence I am moving a bit more of my money into CLON which seems to be starting to move up again.

Cheers Bridges

Excellent Bridges - so just for clarification is this Bill to enable the ERIN Licence (which was ours originally) to be recovered so that we can have it instead or as well as TANO 2A?