Member Info for Genghis15

Btw, pls excuse the typos. I seem to have worn out much of the lettering on my keyboard, espa,s, d,f,e, r, c ...! which leads to a few errors.

PM01 Yes, no doubt ; as you know auditors' task is not to forensically investigate, it is to question mgt, look at processes and certify a true and fair view, and then the going concern statement (I oversimplify, but I'm sure you know what I mean).

My comment was meant to point the finger squarely at TGR mgt, rather than blaming auditors as the OP was doing. Most here will be aware I have been blowing the horn here now for well over a year, the red flags have been flying high for that long and more.

I am not averse to commenting negatively, even when I'm in a share, as I think Harchris can testify!.

But seriously, MiRob's posts are the most obvious deramp. No mention of the +ves. Yes, Nigeria impacts the valuation, as does the location in W Africa of the other prospective mines. But that's mining ; most of it id less than Tier 1 jurisdictions.

And the track record here is good ; mine felivered, production as planned, life extension on track, durure prospects identified. with no dlution (thus far) but the very real prosect of both MLE AND new mines financed partly, or mb even entirely, from cashflow. Segun gor pretty close to promising divis next year too.

So carry on, M1Rob, I genuinely welcome ppl posting te -ves to stop this becoming a church of the converted, even if I suspect your motives. Let's hear the negatives. But on THX, they really are overwhelmed by +ves.

Indeed, bur.. capex for Segilola MLE and Douta, and a tad in Cote d'Ivoire, could be as much as $100m?

Why only those posting +ve? Surely as an investor you want all sides of the coin. Pointless listening to a church of the converted who just confirm their own opinions. Give me rational dissenters and questioners, as well.

Grangemouth is d all to do with policians. Ratcliffe has had it on an at risk list for years, it's just part of a global supply chain re ordering theu out the petrochemical industry.

I despair that ppl investing their hard earned into the sector have such limited understanding of economic forces, but then I'm equally amazed many also deny climate change.

you will learn nothing from the dossil fuel funded spectator. the e anglia affair has been pored over and over. only the spectator still trying to use it to discredit climate science. even the original hacker of emails who started the story now repents. https://www.bbc.co.uk/news/uk-england-norfolk-59176497

https://www.factcheck.org/2009/12/climategate/

you can of course deny these facts if you choose, but facts they are. falling into conspi****** rabbit holes will not stop the climate disaster.

Why "European"?

Rules is rules, as the report sets out. GAAP, Solvency 2, etc, are all part of IAS, International Accounting Standards, and IFRS, Intnl Fin Reporting Standards.

Https://www.voxmarkets.co.uk/rns/announcement/e440bb6b-c546-474f-8526-3ce50855ed67/

Yes, agree, buchanan. Gl with JOG, you never know, could still come good.

My point was aimed at ST, really, over the years imo he has consistently understated risks in a lot of his tips.

ST is often understated when it comes to flagging risk, but things are looking good here atm, I increased a couple weeks back. Some risk remains, but that's the game.

JOG was always a worrying tip, ST was far too relaxed about Labour's well flagged attitude to N Sea licencing. I see lots of disgruntled investors who ignored it and are now incensed at them doing exactly what they said they would do. ST should really have waved that red flag over it.

Anyway, fingers xd for 60p or so here by next year!

Stars seem to be aligning. Even the chart traders (I'm not one) saying we're at a (bullish) golden cross. Let's hope so!

REAL driver, not "REAl reiver"

The Permit great news, long delayed. The REAl reiver od SP rise imho will be news on an oddtake agreement to finally fill the funding gap. Then we can look to getting back to fair value. A following wind from the Li price would help!

Https://www.ft.com/content/f87027b1-17a7-4a13-bc76-f7d3c98ea4c3

Yep, nothing new, but emphasises all the +ves. If SP keeps dropping I'm increasing my holding. Reluctant to exceed my normal size limit, but the value seems compelling.

That just never seems to happen any more. London market is not attracting the hot money as it once did.

Well put, kongolasse.

Well, if THX keeps accumulating cash, somebody will be knocking on the door, sooner or later. I'd say in a year or so, when Segilola MLE is sorted and Douta PFS or even DFS is in place.

"what more could we ask?" Well, you couldn't ask EEE to do more themselves.

BUT...from an investor's PoV you could ask for a proven processing route, and/or interest from peers/majors in the resource which would tend to verify the practicality of producing end product. The co mb v confident of such, but i've heard that before. AGEOS posts detailed stuff about this, but in the end he's not RTZ or BHP.

That's why the SP isn't moving. Once we see funding clarified for the pilot (OR a big industry partner) and then when saleable product emerges at commercial cost levels, the sP will fly. But there's still a ong road ahead, imho.