Member Info for ForrestGump

Never thought we'd see the day, but who knows
GLA

Joint Broker, First Equity Limited have raised their valuation to 64p per share (prev. 59p). This is based upon an estimated risked NPV8 of the project’s PFS as detailed in a 19-July 22’ research note, which includes a development/resource (30%), finance (improved to 40% from 50%) and country risk (25%) factor.
GLA

levistubbs. I knew were weren't sending bulk samples until H1, this year. But I have to admit that I didn't understand that the delay was due to requiring an export licence. Not too clever when you are investing a good few grand in a company. Anyways, as you said, this is great news!
ATB, FG

Hopefully, we have something others will be missing out on!
GLA

If I'm not mistaken, didn't HAA promise TW that full funding for TK would be completed approximately 18 months ago? What's different between now and back then?

Can't see HAA getting us above 0.8p, even with the promise of all the untapped copper and gold in Saudi, without TK financial closure.

Might HAA be trying to entice in new investors before "trapping" them into becoming unwilling LTHs with a placing, putting their new investment under water by circa 40 percent?
Hoping for the best, but experience points to the worst.
GLA

levistubbs. I thought we were shipping bulk ore to a potential off taker in order that they can test both: the purity of our product; and our ability to supply bulk order volume ore.
As such, no news might be forthcoming until the back end of H1.
ATB, FG

The_Bishop. Some might call us cynics. I prefer the term realists.
Hope you have a good week. And who knows, maybe good news on TK will land soon!
ATB, FG

alanos. No offence to you, but I've only been invested here for about three years. The wording changes, but the promise of TK funding is always dangled like a carrot, that's always just out of reach!
ATB, FG

"Formal" could mean a placing and/or project slippage of another whole year.
We need monies for drilling, else we give-up more of our assets to our Saudi partners who, unlike our friends in Ethiopia, aren't hanging around!

Methinks the Ethiopians are going to let TK slip and slip until somebody puts the funds in for them. It's a shame for us LTHs and for a once proud nation.
GLA

LC took £28k from me. You live, and hopefully, learn! That said, I can't really blame him for the Hanetti duster. Sorry for all those who lost money here.
FG

When Rod was interviewed he said he's basically here for the PG metals. That makes me think that the "real money" will start flowing, after the DSO starts being shipped out. Much can still go wrong, but a hell of a lot can go right.

All good news from the Western Front. My only concern is the share incentive scheme includes free shares for the Mining Licence approval. As, apart from somebody filling out a form, I can't see what work is required for it? Anyway, onwards and upwards!
GLA

Looks like Tula Kapi is a dead duck. At least, with Saudi, we shouldn't lose all our money. So either those with money just bite the bullet and fund the thing or it's likely that forces, likely external to the country, will ensure Ethiopia maintains Beggar Nation Status forever more.

IMO the share price, easily, moves north of 40p on formal confirmation of the contract.
GLA

Gillybg. But do we get the contract?
ATB, FG

Hi Andy. Excellent news! And don't forget to make any, beneficial, lifestyle changes. Good things can come out of the bad.
All the best, FG

In that case. All's well, that ends well.