Member Info for gogsthelogs

Hasiba

Thanks for that - look as if we might get a positive start to the week!

Hasiba

10.257 million is less than 1.1% of issued shares

Directors ?

12.37pm 10.257 million 1.396p £143.2k

Hmm!

Also, if the are to drill 6" hole deeper at Tai, and the hole still forms ledges and breaks up, then that would cause further difficulties trying to test, wirelog, and collecting samples. The hole can be drilled and cased together, where the drill bit becomes sacrificial, and then rupture the casing to collect samples, but a lot more expensive, I would imagine! So another reason to go for Itumbula first, in a one drill does it all operation ?

Leonidas1

No, she said in her presentation that the Long lead Items, referring to smaller 6" Drill bit and Drill strings , would need to be brought into Country to fulfill further drilling, but nothing about an order in place. (23mins in in yesterdays meeting). She said the same in Nov. interview, but there has been no confirmation of an order being placed! So cost of those Long lead items would need to be built in to Tai-C return!

Foraye

Don't think much Helium is dissolved in the water, but actually trapped in the fluid!

Wheres's my tweeted picture of the IR out of it's crate and lifted into position, Lorna ?

If you need someone to drive the Loadall because the crew have been laid off, I'll come out and do it, just so I can have a look round!

We need positive snippets, just to keep this alive BOD

That’s just as big a gamble! Could go either way.

This has to be a great entry point if you have some cash you wouldn’t miss, as we are almost 2.5 years on from our first drill when we had no idea what lay ahead and the SP hit 28p

Today, for a mere 4% of that price you can take a punt on an imminent drill in January with pad and rig ready to go, and a cased well ready to deepen into basement, with all the gathered info, and the likelihood of alternative gas recovery methods coming into play, as the value of helium will force that forward.

Just wish I had some loose change left!

Would partially disagree. If you are not a professional presenter or appearing on screen on a regular basis then it is not easy at all to come over relaxed and natural. Both were ultra nervous to begin with, but did improve as the meeting went on. To the “she’s reading a script mob” mocking her - It’s not that easy.

As an example, look at Take That on Strictly the other night, poor miming and close up shots of supposedly a world class professional band! They were painful! People in glass houses shouldn’t throw stones!

Tanzania Revenue Authority

VAT relief to Investor under EPZ, SEZ and Mining, Oil & Gas Companies

An investor licensed under export processing or special economic zone Acts is entitled to VAT special relief. Mining, oil & gas companies are entitled to VAT relief provided that the Company has a binding agreement with the Government which provides for VAT relief. In order to enjoy such both Investors and entitled mining companies are obliged to fill form: ITX263.02. E. The form can be obtained from any TRA nearest office or you may download through TRA website.

So Skippy

Based on that, where do you think the pacing price will be?

Anybody know which part of the company issues the Invoices for the Equipment, services, 3rd Party contractors?

If it is the locally registered subsidiary companies, rather than the BVI holding company, then can VAT be claimed back as Noble have been suggesting? The local companies will be invoicing their services and supplies with VAT added?

Don't know the rate, or ability to reclaim, but if we have spent, say £12m in country, then 20%, for example, could be £2.4m refund?

Just trying to think through all the possibilities!

Lorna is growing in confidence as she presents

Either that or nobody has turned up. Lol

That's 5 minutes of question time burned off already!

Guys

The thing you have all missed here is the word “early” has been dropped before January! Hmm!

Would be nice if they highlighted ongoing research on commercial extraction of the trapped gas from the brine fluid it is contained in, as it might be the story of the East African Rift, that the Helium is in fluid/liquid brine, rather than free flowing in Nitrogen carrier gas! Just a possible alternative way to harvest the gas?

No1

Time to lay off the beers and get some Kip, mate!