Seen this on twitter
Thani Stratex attending 121mining 3-4 Feb 2020
https://www.weare121.com/121mininginvestment-cape-town/client/thani-stratex-resources/
David Hall says TSR IPO will be Q2 2019 by reverse takeover of a TSX listed shell.
So Bibemi remaining phase 1 trenching results due early Q2, phase 2 results might not be too far behind.
IAMGOLD drill results Madina Bafe and Saroudia due Q2/Q3.
IAMGOLD Boto mining license should be granted Q2/Q3 followed by a decision to proceed, hopefully they will have found something within truckable distance on the Dalafin License.
Wapouzi could surprise
Still lots of potential here.
As far as I know, this claim was a 'test case' if you like, I cant remember exactly, but there were significant consultancy fees required to win this VAT rebate, a 6 figure sum.
I cant remember if it was in an RNS or on one of the presentations, they said further claims would be starightforward, and not require any outside fees. This rebate was one of the payments, the other £593000 in June 18 is still to be claimed (this is my understanding, happy to be corrected if wrong)
Dont forget there is another VAT payment of £593k to be returned: RNS 31/1/19
In 2017, HMRC ruled that the Group's activities of supporting its overseas exploration operations could not be classed as an economic activity for VAT purposes and subsequently demanded that the Company pay-back the VAT reclaimed in the UK since 2011. This led to a provision of £557k in the 2017 Financial Statements and a payment to HMRC of £593k in June 2018. A successful resolution to the dispute was reached by the Company during 2018, with HMRC reversing their decision. The Company expects final agreement to result in a repayment during Q1-2019 in the region of £500k.
Confidence in the share price has been low due to the constant drip, but at some point it just gets ridiculous, such as now when cash and MCAP are pretty much equal. Steady flow of decent news for months now.
IAMGOLD spending 8million at Dalafin license, bonanza grades at Bibemi, $25000/month for 20 months, factored in at a grand total of zero. I feel the tide will turn, and when it does, it could be a tsunami.
Oriole twitter updates in last few days show phase 1 trenching complete. Results of the remaining 9 trenches should be with us soon. Also 8 of 11 phase 2 trenches complete, so results of phase 2 might follow quickly. Fingers crossed for some decent results.
I suspect the biggest fear investors have is how the company are going to raise when the time comes, at what price etc. There seems to be plenty watching this from the sidelines, but none buying just now.
The remainder of phase 1 trench results due. I like this bit in the initial results RNS.
‘Results for the remainder of the Phase 1 trenching programme are anticipated by early Q2-2019 and will include four trenches covering the previously reported high-grade rock-chip samples of 135.40 g/t Au, 119.70 g/t Au, 117.20 g/t Au and 107.20 g/t Au (announcement dated 27 November 2018).’