Member Info for GreenWolf

The tweet is just a reiteration of the comment from Richard in the 12 June RNS. It's nothing new.

There will be a RNS either today, God forbid one after 4.30pm....., or Monday as the results are due. I suspect an update on Kabwe will be part of that.

I do share similar concerns with others around the impact on the share price, as whatever the BoD have said, I dont actually see how this wont be dilutive. That said, we're currently well down today, although that might simply be off the back of Annual Results which we know arent going to look pretty.

GLA

Indeed...annual results due by next Monday.....

Well, I have traded a few today Pidster so I'm grateful of the rise.

Shame we don't yet have the money to buy Leopard, but I guess that's just a minor hurdle....

Amazing how much posting there was about those 25p warrants at the time......

GLA

Yep....it aint 4000t of washed coal......

I'm interested in the views of LTHs on this, as I feel it is a misleading statement

"The mine has historically produced 4,000tpcm of washed coal, however in recent times production has been on hiatus awaiting funding and restart plans and also addressing weather issues in the area"

I cant recall ever getting to that figure of output in nearly eight years?

SoS - absolutely.....its groundhog day version seven.....

What happened to the strategic plan to move away from coal.......?

Rukwa does not work commercially due to the significant unknown of the 6months rainy period. We have proved that time and time again since October 2017, with various different Board members, experts etc etc

And now we are planning to pump more money into a failing commercial model.

That's a pretty poor RNS, in all honesty

Funding!

SP7 - but there is the issue. It's not via RNS and is therefore simply conjecture.

The market has no confidence in funding because there is nothing concrete.

Despite what the last RNS said about "giving comfort" about funding, it actually does nothing but extend the end date to a CLN that appears to have no available cash upstream from AUO.

Perhaps if that £500k we've been asking for since August 2024 appeared, we might see some movement upwards in the share price.

This is nothing more than a revision to the contract terms. It doesn't mean the money is actually there, anymore than it did last year.

"The full £2m under the CLN remains available, which includes the initial £500,000 drawdown notice submitted by the Company as announced to the market on 20 August 2024. As previously announced, AUO has yet to provide funding pursuant to this drawdown request"

The key issue for the markets though is not the approvals.

We currently have no confirmed funding for either the acquisition or ongoing working capital beyond the £500k.

That is the bit that is pressing down hard on our MCap.

SP7 - we had a £500k interest free loan from GMI for which we had already drawn down £250k by mid February. I wouldnt anticipate we have a whole host of that money left, notably as our production at Rukwa will undoubtedly have taken a hit during the rainy season.

There are just too many unknowns here again at the moment around financing and the market has reacted in the usual way when they lose a bit of confidence. Our share price is a third of what it was mid December......

We need tangible news.

Placing?

You can bet your bottom dollar things move slowly.

I've been waiting since October 2017 for us to sell 10,000t a month of coal.....

Starting to look a bit oversold. I suspect the rise today might just be the start of a recovery. We'll see. GLA.

Yes, but at c2.6?

It's the price that slightly horrified me but the bottom seems to be falling out of our support levels since that trade. That doesnt bode well. Is there a placing coming?

There's definitely something going on in the background. We've lost c20% of our value in a week.

Bit of dumping going on over the last week with a fair few round number trades and we've lost the bid value today.

Did anyone see the two 3m sells at c2.62 last Tuesday?

We need an urgent update.

Overdone in my view and an opportunity to buy more - there are some operational issues in there to drive out but that is BaU. Some decent positive media floating about so should recovery a bit.

It's not been at these sorts of prices for nearly 4 years.

It might also entice a bid at these levels but then I've been hoping for a takeover for a very long time. GLA

I'm not convinced it's quite the RNS we were after, but at least we've plugged a short term finance issue.

Hawaii - the risk now is how will the market react once we get to December if there is no news?

Hopefully we dont get a late Friday RNS....

It's just a waiting game, but its that lack of formal comms, yet again, from our BoD

Look at it this way. If they want to hoover up shares on the quiet, they dont want it getting out that they are considering an offer, as we know exactly what will happen with the share price and we saw it a little this morning.

But there is never smoke without fire......