Member Info for Greg25

Lol if you're trading this then the best thing would be to sell up and move on. There's proper trading opportunities elsewhere as this is clearly an investors share, requiring lots of patience traders don't have.

I stand by that and I'm not worried in the slightest about the future.

There's lots of news coming up within a short period of time.

The thing I'm looking forward to the most is seeing how the company is going achieve non-dilutive cash injection. There's several ways they can do this and it's all based around future production of gold.

They have H2 to complete the expansion and then we'll see the future growth potential becoming clearer.

Loads of results out today, I'm not buying they couldn't have done it.

I don't think the figures will be anywhere near as high as some think but happy to see the expansion work continuing.

Lots of news to come

JC yes the productiion will be inconsistent ? of all the information would already be known it's just July's information would be needing to be added.

I'm interested in the gold sold as previously worked out around 1200oz needed to be sold to reach the overall 5000oz gold sales to trigger the Goldplat 50m deferred consideration shares.

Still waiting exploration results.

Non-dilutive capital investment also to be revealed.

Dual listing NSE.

Nyakafuru final payment ($1m) by 31st July.

Whether it all comes out at once or individually we'll have to wait and see.

Should be this week sometime as it's August from Monday.

4wks after the quarterly reporting period is ample time to collate and release results, for a company of this size.

There's lots of news due now it's going to be the proverbial waiting for a bus.

Amongst other updates

32,600,997 unaccounted shares actually fits with being the broker charges with fundraise of 177,048,592 shares at 0.95p.

For comparison Peterhouse would have charged 20% fees and that fits nicely.

The £300k investment from private investor would have been fee free.

Legalwolf - ignore my post as I think I've got it wrong!

The deferred consideration shares wouldn't have voting right therefore wouldn't be counted in the AGM.

There's 32,600,997 shares unaccounted for because the company didn't update the market with a TVR after the strategic fundraise

Legalwolf the 50m "deferred consideration shares" for 5koz sold are contained on page 4 of the latest presentation within the share count of 1,878,978,590 shares.

There's still a shed load of Oz predicted to be found at Kilimapesa significantly adding share holder value.

Anyone looking to hold here for the longer term will beat any short term trader hands down. Their aspirations are for Mid-Cap but even halfway is many times today's MCAP

JC the Mid-Cap asperations they'll be wanting 3 - 6 producing Gold mines to achieve this. IMO Nyakafuru will be number 3, processing plant would take 9 months to construct costing $25-30m.

It's possible they could raise funds through non-dilutive debt to buy number 2 then after expansion program there, they'd have the required production Oz and asset Oz to contemplate raising enough capital through dilutive means to construct mine Number 3 in Tanzania

Going to get very interesting soon with DGWA CEO in the boardroom.

Non-dilutive investment (near term) and dilutive investment (later on)

We'll need both to grow the Company into a Mid-Cap Company.

Lombard has proved himself and the Company is rightly backing him. He sounds like a great General to have in our team.

Mueller appointment is a clear indication towards future growth coming!

Not saying it's all going to happen exactly like this but the potential is all there for the company to raise enough funds to guarantee the current expansion and possibly make another acquisition without any dilution.

Watch this space

Nyakafura will at some point in the future will need a processing plant built. (Circa $25-30m)

24Koz pa would give around $13m pa profits.

As you can see they'll really need to be producing around 50Koz pa profits to be in a position to build a processing plant there.

My guess is they'll be looking to buy another producing mine before they look to build a processing plant at Nyakafuru.

Aprogerson, we know they're going to produce 24Koz next year. Shanta recently gained a debt facility against 15Koz roughly 20% of their production.

20% of 24Koz = 4,800oz X $1700 = $8.1m.

We could be looking around $8m CAPEX cash injection/ debt facility to be on par with Shanta facility.

In fact anyone who thinks it's not going to happen just watch and learn!

This is exactly how companies work

Capital even

Aprogerson the question we should be all asking is how big is this non-dilutive cash injection going to be because the bigger the better IMO as it's all going on capitol expenditure.

All the clues are there and it's easy not to see the wood for the trees.

533oz per month for the rest of 2022 isn't going to cut it, they have zero debt and a guaranteed life of mine in excess of 10years. It makes perfect business sense to borrow against future production earnings.

How exactly they go about this will all be in their RNS as there's several options open to them all non-dilutive.

There's lots of news due drill results, lab results,dual listing, 5Koz gold sales reached with deferred consideration shares of 50m at 1p, heap leach pad 3 commissioning , Nyakafuru $1m payment, Tanzania work commencement , Q2 results and a rather large non-dilutive cash injection.

All in the next few weeks IMO