Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
· DOID (or its nominated subsidiary) is provided with an option ("DOID Option") to subscribe for a further US$5 million of shares exercisable at any time after the earlier of DOID's two Directors being appointed or 1 January 2023, and within (12) months of the completion date of the current Placement.
Any new shares issued through the DOID Option will be priced at a 20% premium to the 10-day VWAP at the time of exercise.
The DOID Option does not preclude existing shareholders being offered the right to participate in future raisings on the same terms.
Director Dealing
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, notes that today, the Company’s Chief Executive Officer, Michael McNeilly, purchased, in aggregate 100,000 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”) on market at an average price of 13.25 pence per share, for a total consideration of £13,250.
https://www.lse.co.uk/rns/MTR/director-dealing-17cz57zt20enjl8.html
TR-1: Standard form for notification of major holdings
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/tr-1--standard-form-for-notification-of-major-holdings/20221108100600Z0700/
Oct 5th
Victoria Oil & Gas says it cannot raise funds until RSM settlement
Victoria Oil & Gas PLC on Wednesday said it is attempting to finalise a settlement with RSM Production Co so that its shares can trade again, as operations continue at Logbaba and Matanda sites.
Victoria Oil & Gas is a domestic energy supplier in Africa through its wholly-owned subsidiary Gaz du Cameroun SA, which has operations in the industrial port city of Douala, Cameroon.
Victoria Oil & Gas said that gas production at the Logbaba project, on which it is partnered with RSM and Societe Nationale des Hydrocarbures, has continued at levels of above 5.5 million standard cubic feet per day in July and August.
The company owns 57% of the project.
Focus at the Matanda project remained on well site and access road civil works preparations, it said, as contractors wait for the rainy season to end.
Victoria Oil & Gas added that it was still seeking a partner to share the cost and risk of the commitment, and was also trying to conclude a contract on acceptable terms with the owner of the Chad-based rig.
Recent face-to-face discussions in the US with RSM have been "cordial and constructive", but are yet to be finalised.
Until there is resolution with RSM, Victoria Oil & Gas is unable to raise funds via the equity market. It said that given the debt level and material uncertainty created by the ICC award against Gaz du Cameroun, it was "practically impossible" to raise debt financing.
Victoria Oil & Gas is therefore wholly reliant on internally generated funds, and as a result, said its financial position was precarious.
Victoria Oil & Gas shares were last traded in London on April 1 at 3.85 pence each.
By Holly Beveridge; hollybeveridge@alliancenews.com
https://ii.co.uk/news/victoria-oil-gas-says-it-cannot-raise-funds-until-rsm-settlement-al1664987147519133000
3.6742 +0.2472 >>>> up 7.2%
https://www.investing.com/commodities/copper-streaming-chart
Douala: a new fire on a Sonatrel substation plunges a dozen neighborhoods into darkness
Many homes have been in the dark since Monday, October 31 in Bonabéri, in the fourth arrondissement of Douala. In question: a fire that occurred that day around 8:40 p.m. on the Bonabéri transformer station of the National Electricity Transport Company (Sonatral), according to the Minister of Water and Energy (Minee) , Gaston Eloundou Essomba.
Descended on the site this Thursday, November 3, the Minee wanted to be reassuring as to the solutions taken for a rapid return of electrical energy in the 10 affected districts. In particular, he asked Eneo, the company in charge of the production and distribution of electricity, to draw up an energy rationing schedule in these neighborhoods in order to lessen the consequences linked to the absence of running.
“? I asked the concessionary companies, Eneo and Sonatrel, to do everything to gradually take over these households. In terms of the calendar, by Saturday at the latest (tomorrow, editor's note), 50% of the households which are impacted will be regularly taken over? , ”said the member of the government on the antennas of Sky News Tv.
The other households affected by this cut will still have to wait at least a week for a return to normal. “? By Saturday of next week, the other 50% of the remaining households should be taken over? ,” the Minee added.
Incidents on the transmission network are recurrent in Cameroon. Last month, a fire at the Sonatrel transport station in Logbaba, in the economic metropolis, led to a power cut for days in a good part of the city.
https://www.stopblablacam.com/societe/0411-9631-douala-un-nouvel-incendie-sur-un-poste-de-sonatrel-plonge-une-dizaine-de-quartiers-dans-le-noir
3.61
https://uk.investing.com/commodities/copper-historical-data
Discovery of High-Grade #Copper Zone at Comet Target, #Ngami
$CBE Cobre 28/10/2022
https://asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02589826
#KML $MTR.L #MTR #Kalahari #Copperbelt
@MiningBotswana
#ASX
https://metaltigerplc.com/portfolio/royalty-investments
CBE ANN 27/10/2022
Trading Halt
Material drilling result @ Ngami copper project
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02588787
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$MTR.L #MTR
@metaltigerplc
#KML #ASX
#Kalahari #Copperbelt
@MiningBotswana
Gianni Kovacevic
@GianniKov
·
8h
A detailed catch up on: The disconnect between $Copper availability & prices augmented by where the $Lithium industry is going. If you follow these themes you should find good value here. Deep dive format.
https://t.co/DzMaX0XQjn
Result of General Meeting
https://www.investegate.co.uk/vast-resources-plc--vast-/gnw/result-of-general-meeting/20221024144000H2618/
Motheo A1 Satellite Prospect Exploration Update
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02584827
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Sandfire September 2022 Quarterly Report
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02584825
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Sandfire September 2022 Quarterly Report Presentation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02584831
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Upcoming Events
20th October 2022 at 11:00am (AWST) / 2.00pm (AEDT).
September 2022 Quarterly Results
https://s1.c-conf.com/diamondpass/10025692-q10t6m.html
https://kapara.rdbk.com.au/landers/84d731.html
$SFR #Motheo #Copper Mine Pictorial Update
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02584214
Bassa-Douala industrial zone: companies finally resume service after 24 days without electricity
Business in Cameroon) - Since October 14, 2022, companies located in the Bassa-Douala industrial zone, in the Cameroonian economic capital, have been supplied with electricity again, after the fire that occurred on September 20, 2022 shortly after 6 p.m. , at the Logbaba transformer station. This equipment makes it possible to supply electrical energy to this industrial zone. After 24 days of hardship imposed on companies, with the added bonus of a cessation of activities, the National Electricity Transport Company (Sonatrel) therefore complied with the injunction made to it on October 7, 2022 by the Minister of Water and Energy, to replace the consumed transformer no later than October 13, 2022.
“? The 36 MVA (megavolt ampere) transformer was actually installed on the 13th. However, voltage variations appeared, which were managed thanks to the latest settings that allowed companies to gradually start connecting from October 14, 2022. Production activities have gradually resumed ?,” said a source at the Bassa industrial zone.
The information is confirmed by internal sources at Eneo, the concessionaire of the electricity production and distribution service in the country. It is also specified within this subsidiary of the British investment fund Actis that the replacement of the transformer consumed at Logbaba, with a capacity of 50 MVA, by another of reduced capacity (36 MVA), has induced a reconfiguration of the network, in particular with the switching of households to other transmission lines.
Upgrading networks more and more urgent
Moreover, despite this gradual return to normal, the economic operators of the Bassa industrial zone continue to maintain that the installation in Logbaba of a transformer of the same capacity as the equipment consumed (50 MVA) remains the only guarantee of a return to optimal production. They are also hopeful that the incident that occurred on September 20, 2022, which had significant socio-economic consequences on their activities, will lead to the implementation of a system to anticipate incidents of the same type. .
" ?To anticipate incidents of this type, Sonatrel should permanently have transformers in reserve", already whispered a player in the electricity sector a few days after the Logbaba incident . But, from internal sources at Eneo, the anticipation of incidents, such as the one which has just plagued activities in the Bassa industrial zone, lies in the effective implementation of the "? Plan for upgrading the networks of Douala and Yaounde?". This plan, which provides for investments in both transmission and distribution lines, consists, we learn, of the construction of a second backup line next to each existing transmission and distribution line. So as to be able to switch immediately to the emergency lines t ...more.
https://www.investiraucameroun.com/energie/1710-18587-zone-industriel
Director Dealing
https://www.lse.co.uk/rns/MTR/director-dealing-rmzl5j0f9se1jq3.html
Electricity: how the fire at the Logbaba substation threatens to ignite the metallurgy sector in Cameroon
On September 20, 2022, shortly before 6 p.m., a fire broke out on the electricity transmission network, in particular at the Logbaba transformer station in Douala, consuming the 50 megavolt ampere (MTA) transformer supplying electrical energy to companies located in the industrial zone of Bassa. The metallurgists, large consumers of electricity (31 MW per month), who produce iron-based building materials as well as small agricultural equipment, are the most affected by this incident, which remained unresolved 15 days later. This, due to government inertia, cash flow tensions among operators in the electricity sector and differences between Eneo and Sonatrel on the option to be adopted for a return to normal in the supply of electricity in this sensitive area of ??the Cameroonian economy. Investir au Cameroun conducted the investigation into the impact of this fire, which has plagued the metallurgy sector in the country, with operating losses, job cuts, shortages and defaults on payments to banks. in perspective…
On October 4, 2022, electric cables burned again on the line serving the industrial zone of Douala, in the Cameroonian economic capital. Good sources, a similar incident occurred on October 1 , eleven days after the fire which, on September 20, 2022, consumed the transformer installed by the National Electricity Transport Company (Sonatrel) in Logbaba transformer station, thanks to which the company Eneo, the concessionaire of the electricity distribution service in the country, supplies the companies located in the Bassa industrial zone.
This fire, the consequences of which have not been resolved for 15 days now, “? resulted in the shutdown of several factories classified in the category of “Key Account” customers in the electricity sector. These are manufacturers in the metallurgy sector such as Prometal, Métafrique, Aciéries du Cameroun, with significant socio-economic consequences: thousands of jobs threatened and operating losses ?, "announces the electrician Eneo in an information note published on October 4, 2022. more .......
https://www.investiraucameroun.com/energie/0510-18532-electricite-comment-l-incendie-du-poste-de-logbaba-menace-d-embraser-le-secteur-de-la-metallurgie-au-cameroun
Electricity: the fire of a transport station has disrupted the supply of energy to Douala for 2 days
Business in Cameroon) - The fire that broke out on September 20, 2022 at the Logbaba source transmission station, in the city of Douala, continues to disrupt the distribution of electrical energy in Cameroon's economic capital this September 21, 2022. "? Network improvements have made it possible to resupply some customers, although the service currently remains disrupted ?", announced the electrician Eneo in a press release published on September 21, 2022.
The producer and distributor of electricity in Cameroon, however, specifies that many districts of the economic capital remain without electricity so far. Among these districts, we can cite Akwa, the business district; Bonanjo, the administrative district; Youpwe, a veritable commercial center for fresh fish in the country; or even the industrial area of ??Bassa, where many companies have taken up residence.
Transferred to the National Electricity Transport Company (Sonatrel), the electricity transmission network in Cameroon has become one of the greatest evils of the electricity sector in the country, so many outages are there. During the year 2021, this network, which has become dilapidated and saturated, has also collapsed several times, plunging the country into darkness.
At the origin of this situation, we officially learned, is the suspension of investments in the electricity transmission segment for several years, a reality that Sonatrel has struggled to catch up with in recent years, in particular because of the delays in the procedures procurement.
https://www.investiraucameroun.com/energie/2109-18461-electricite-l-incendie-d-un-poste-de-transport-perturbe-la-fourniture-de-l-energie-a-douala-depuis-2-jours
Continuing exploration at A1 Dome /2 - updated
Courtesy of chrisjparrish
@chrisjparrish 40 mins
$SFR Latest sat images show continued exploration at A1 Dome near T3.
@SandfireResLtd
will have plenty of updates to share. It will be a relief to see their 2022 drill results + not just $MOD's results from 2018, which is all the market has to go on so far. #MTR have 2% NSR here.
https://twitter.com/i/status/1567599612118147074
$SFR Time to spill the beans @SandfireResLtd
https://pbs.twimg.com/media/FcE7yECX0AICkqw?format=jpg&name=small
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