Member Info for G_G_G

Tony, really you're going to pull out an investment that I said was a binary play? C'mon you're better than that. As for my annoyance, this was due to how the deal was done as Mace has pointed out. It matters not that I'm 50, 100, or 150% up. They did a deal with the IIs that f@cked the sp when it wasn't necessary. They could have part or fully funded with debt. I think it was fastfood who recently posted a debt financed deal done in Canada for acreage right near ours. I noted you were silent on this post Tony. Either way the deal is done. I've added over 350k since at about 10.8p and will continue to shift AIM funds over here while the sp remains depressed. I'll also trade about 1m shares on the spikes, just like the IIs.

DOPW, you'll get your money back. But you won't make the same gains as others who have gotten in recently due to the dilution. It's just going to take time. If you have spare funds then averaging down may be a good option - up to you. We'll be back to 15p, but it's going to take time. It's what happens when deals are done in this way. I know because I jumped in here when they did the last great dilution event, which in that case absolutely was necessary. It took a while to get to 10p but it got there eventually. We'll climb upwards quicker this time, but there's always the risk with this bod that once we hit 20p they'll dilute again at 15p unnecessarily and the IIs will begiven the opportunity to own even more of the enlarged company at a fraction of its true value. It's a 2 steps forward 1 step back scenario. If they debt fund partially or fully for the next good acquisition the sp either won't step back (partial debt fund), or step further forward (fully debt funded). I've been saying this all along and it's happening. I'm not Nostradamus, just common sense and as I said I've been here before with these guys and others. It's just the way it works when IIs are given the chance to be greedy - They simply cannot lose and will trade a % of their investment just like me. So once the IIs have made an acceptable profit on their excess shares we'll start to move. And that requires news.

For those of you who want to know where my other AIM investments lay then look at ACP, and HZM. Feel free to report on these going forward as well Tony.

Well another day into the week that is meant to yield news, even though last week was meant to be the week, and god knows how many weeks before then. We all know what's required - tangible progress being made on the main project, be it EPC, early works program, tariff update... One of these alongside funding being dealt with is the minimum requirement given all of the above milestones are many months over-due. I honestly don't want to see a single word written on the solar project until they have addressed the main project. Hanno is without doubt the Pele of can kicking, but even he must know the vague bull**** we've been fed all year isn't going to fly this time. One of the three milestones ticked off plus funding sorted until year end. If he can manage this I'm sure the market will respond favorably. If not we're going to be punished. Hopefully news tomorrow then.

Tony I didn't suggest we'd get to 15p on the recent news. I said it would take a lot of good news to get us to +15p due to excess II shares post 360m share print. They'll trade these shares and only a series of good news items will create the re-rate. As mentioned I'll be trading when I see the opportunity as well. And I have no doubt many other PIs will have a trading pot. So if by 'coiled spring' you mean one that will spring then retract a few times then yes that's what we are. But if you think we'll be shot to a new higher base without the IIs and quite a few PIs taking profit then I think you'll be disappointed. GLA

Hi guys, I see we're still struggling to break 11p even with yesterday's great rns.

Walkley, the simple answer to your questions is the 360m shares printed at 11p is the reason we're not pushing higher. It doesn't matter what the underlying value happens to be, or what house broker reports are saying, when you have given that amount of shares to IIs who have been trading your stock in the past. Because of this it's going to take a few months, or a series of very good news items in quick succession, to get this stock past 15p (let alone 20p). I was arguing this would happen when the bod decided not to debt fund the deal (partial or full). I'd estimate at least 50m 'loose' shares with the IIs i.e. shares they're going to sell for a small profit into any strength. That's a lot of shares given current daily volumes that need to be cycled in order for us to move upwards. Reckon the f/o, good H1 financial report, +£.0025 September dividend, and some good production results from Canada will be needed in the coming 3 months before we see any real movement to +15p. Good thing is all of these things are pretty much guaranteed except the level of the divi and timing of the f/o. It didn't have to be this way, but it is. Hopefully the bod have learnt their lesson, but if the intention is to keep diluting PI holdings in favor of the IIs then one can expect it to happen again. If you get tired of waiting for +15p then I'd suggest trading the stock as the IIs are no doubt intending to do on good news, and probably already doing.

news is delivered this week given many were recently told an update would answer all questions last week. Bod have used up all investor patience now. Time to deliver something, and I don't mean any more solar ****. They need to provide evidence of progress on the main project. Any of the key workstreams that are overdue by quarters need to be provided accompanied with some detail on where things currently stand. And they need to let us know wtf is going on with funding. After all these things have been spelled out they can go back to giving more vague updates on the solar side of things. Every time they have ignored the main project and talked of solar the share price has dropped further. Lots of people have invested large sums of money in this company based on bod claims. Time for them to step up and deliver on their promises. All to be revealed in the next few days (apparently). GLA

Hear Hear HoopedBaron. Simply, the bod need to let their shareholders know wtf has been going on for the past 8 months. It's poor in the extreme for us to have gotten to a place where we know next to nothing about the main project, plus we're about to run out of cash. If the main project has fallen over then tell the market and get the bad news out of the way. I'd rather lose the lot now than lose it in 6 months still waiting for the bod to get their **** together. I'd also rather they sink alongside us and not get the chance to jump aboard a solar life raft if this is the real reason for the silence. Next week cannot come soon enough, which of course relies on an update that was meant to come this week and should have been given months ago. This next update had better be worth the wait.

Thanks extrader, and yes it does sound that way to me. But due to having no news and nothing on which to base my opinion wtfdik. Looking forward to getting that update next week. GLA

Caterham, if they're in the midst of selling us to the Chinese then I forgive them for being so rubbish at providing any meaningful updates to the market over the past 6 months. Imo that's about the only acceptable excuse for keeping us in the dark for so long. Hopefully not too long to wait. The next update better be a good one or the company may as well be wound up as we're priced to fail at the moment, even though we've been led to believe we're on the cusp of greatness.

Extrader, as usual I'm in complete agreement. It's incredibly frustrating that potential funding options (restrictions) have now come to light from a PI. This company and the way it communicates with its shareholders is shocking. Historically it has made all sorts of statements that rarely come to fruition anywhere near the time-frames provided, which discounts the many things that haven't yet happened. And then there's the things that seem to have been conveniently forgotten. For instance, the EPC contracts in the past had O&M attached to the milestone. The business at no point has addressed the fact they dropped the O&M element. They've given no reason for the O&M contract to be separated, and no timeframe for when it's expected to complete. Whatever happened to GE, our technology partner? Who is our technology partner now? What is happening with the early works program? There's so many things unrelated to the tariff that we know nothing about. Then we have the tariff that we've heard absolutely nothing on other than it was submitted at the beginning of the year and a response was due mid-February. Oh and we've engaged related consultants for the negotiations (months later). What exactly can be shared on the negotiations? What about the related infrastructure that we're all commenting on...? Why have we heard nothing from our partners...? And now we hear the bod are in a closed period whilst we're all surmising how they should manage our funding concern, which is something we all knew about many months ago. We were supposedly deep in sensitive negotiations when SF bought 10m shares in April, but now we're in a closed period...?

Seriously, wtf is happening with this company. The fact that lths are questioning whether the company is stalling on the main project to assist in a pivot toward solar, which is an equally opaque and vague part of the business, is astounding. The fact shareholders have gotten to a place where they think the main project has been dead for sometime and the bod are trying a sleight of hand trick with solar should say everything that's needed to them that vague horse**** isn't going to work anymore, and they need to provide anything and everything they can on the main project that we all invested in many years ago. Either the bod feel the way they've been managing shareholder comms and expectations is sufficient, which is alarming. Or they genuinely don't give a **** and have the view that we're of no importance and can wait until they're ready to throw us something, which is equally alarming. They need to conduct a complete re-set, and soon. What a bl@@dy mess.

Well it's not like the company to speak of an update this week then move to 'possibly next week' when this week is almost over now is it. Is that from your most recent exchange with them Chris?

What's for certain is anything less than some actual progress on the main project is going to be punished. The EPC contract due at the end of last year, an early development works update, or the tariff approval slated for Q1 this year. It's not like there isn't plenty of things the market has until recently been patiently waiting on. And that's before we get to the funding concern. If they have nothing to update, but are truly confident the main project will go ahead, then mgt need to convert warrants. This will provide an actual commitment from mgt and real show of confidence to the market in the absence of any demonstrable progress. It will also provide a huge sense of relief for shareholders who have been treated like mushrooms for almost the entirety of this year. Given they knew we'd be out of funds at this point months ago, I'm unsure as to how they can play the 'closed period' card on the warrants now. SF purchased shares fairly recently when they were 'confident of success' and news was overdue, so I see this as being no different. As for a fund raise, I cannot see how they can do a raise where the market has forgotten the project, and lths have no idea wtf is happening. Who is going to participate? The only people that could participate with any real knowledge of where things stand are mgt. And I don't see how they can participate in a fund raise, but not be able to convert warrants...? It's utterly mind boggling that we're sitting here waiting and wondering what they have been up to for 7 months on the most important part of the business, plus we're about to run out of cash.

At least there appears to be someone buying sub 2.5p. The fact investors are dumping 300k of shares at such a low level goes to show where people's minds are at due to the complete news vacuum. I refuse to believe they cannot put more 'meat on the bones' so either the project is dead, or their shareholder expectation mgt is woeful. They better have something good for us if we're still waiting at the end of next week. What a f@cking circus.

Chris, was it the company who said an update and Q&A will be offered soon? Next week and we're into the second half of August. That's AUGUST!!! And according to one of the few things that has been shared with us by the company over the past 6 months we run out of cash in September. Seriously wtf is going on here.

Jesus Chris, if you're losing faith then mgt really need to sort their **** out :) If CF joins you then we may as well wrap the company up :) All jokes aside, mgt really need to do better and I hope the update that you refer to arrives this week (not in weeks to come) and it has a lot more detail than the bull**** we've been fed over the past 6 months. As far as we know nothing has been achieved on the main project in this time. I'm not saying this is a reality, but mgt now need to show us verifiable evidence of progress before the market is going to take them at their word. Time for them to walk the walk.

Regarding any update, I hope the company are reading this board and recognise they have fallen far short of what a professional, listed company should be providing to its shareholders. Any more vague 'sensitive but remains positive' updates on the main project are likely to go down like a lead balloon. As extrader has pointed out, theres' so many overdue and significant news items they need to address that at least two need to be ticked off alongside a lot more detail on where things stand and mgt expectations of progress on any remaining milestones. Updated and definitive timelines need to be provided again. If mgt believe we are in a strong position they should be looking at the share price as clear evidence they need to do better at updating the market. That means getting partners on-board with releasing statements. Who knows, it may even give Moz a polite kick up the @ss.

Nice email extrader. It really does highlight the news vacuum, complete disregard for timelines and deliverables, and woeful shareholder comms. I've sent an email to the company address with similar content. Suggest others do the same. Hopefully we'll get a reply or at least a comprehensive update from the company soon. Chris, was it the company that mentioned there would be an update and Q&A soon?

Couldn't agree more Benjan. I'm going to be sending the company / Elizabeth an email over the weekend. I'd suggest that everyone on here does the same. Perhaps a series of emails from lths will prompt them to give the market an update on the many things that are overdue. Shareholder communication for this company is utterly appalling. They've provided nothing other than broken timelines all year and nowhere near enough reassurance to the market that all is well on the main project. This coupled with on-going funding concerns that haven't been addressed, and the fact we're meant to be weeks away from running out of cash, is nothing short of mind boggling. It's little wonder the mcap is at all-time lows and lths are bailing. I'm truly shocked at how little we know about what's been going on with this company for some time now.

Thanks extrader, out of interest have you been in touch with them recently? Still holding? How do you feel about the news vacuum?

Really highlights the history of these projects and how African bureaucrats are quite useless. Out of interest has anyone contacted the company to get an idea of when news will be forthcoming? There's so many news items, that are so overdue, it's hard to even get your head around how much is owed to shareholders in the next update. I've tried twice in the past to get in touch via the email address on the website and never received a response - is there another way to contact mgt?

Wow some genuine movement on some decent (but still piddling) volume. Hopefully it will continue into news, which surely cannot be far away.

I hope this little bump isn't the prelude to a 2.5p raise...

Hi Gary, if the tariff is close to being approved I would think they're locked out from buying. It's what extrader was referring to the other day. I keep telling myself it's going to land any day now and that's the reason all is quiet on the coal fired front. The other voice tells me the coal project is about to fall over and that's why they're not buying anything, and why updates on other activities such as EPC, early works program etc. haven't been forthcoming. I don't see the whole thing falling over at this late stage. And I cannot see how that would square with Hanno's 2 x updates in the past couple of months stating they're confident of a successful outcome. So I continue to hold (very impatiently).