We shold also be getting results out soon! Cannot wait to see the income we have had over the last year! Should hopefully be superb, with several more million to follow from Glenover soon
I really do like the way Colin does things. Yes he does make the odd mistake along the way, but he has pulled off some magnificent deals for us in the last 2-3 years. All of which are now bearing fruit and will hopefully transform this company from a junior to potentially mid cap!
We will have our own mine soon! The income generation together with Star Zinc will be huge! Very few aim companies get to become a producer!
Ah just noticed the following
- The Company has raised gross funds of £750,000
So not too bad at the moment
when KAV might need to do another equity raise ? I am guessing the £2million funds may be running out at some point in the near future ?
Certainly is looking very good for our licence in that area! What a lovely situation to be in - its almost like another party is spending all the money locating where the copper is, for us to then do minimal drilling to find the sweet spot ourselves
As previously announced the Company has a 29% direct and 4.99% indirect investment in Glenover held via Galagen Proprietary Limited who are Glenover's BEE partner and is potentially due a further ZAR102M (approx. £5.33M) being its portion of the share sale proceeds due under the Glenover Share Sale Agreement (the "Sale Shares Consideration") which is conditional on Afrimat by 15 June 2022 or, if an extension has been granted by 10 November 2022 exercising their option to acquire the Glenover Shares.
I can smell the money already personally! £4.5-5 million straight in the bank! That simply has to be an instant re-rate as accessible cash straight on the bottom line. That is 1 third of our current market cap.
Literally nothing is priced into this at the moment, and Colin has already said in the last interview, he would struggle to pick the best project out of the bunch we have. Yet they are all superb projects in their own right!
Nice one Coyote, yes its very exciting! AND that is just Luansobe!!!
great interview.
The best bit for me was when he said, there are many good links in the chain (assets in GLRs portfolio) and he's struggling to pick the best one! Speaks volumes to me when you look at some of the results so far from Luan and so on - they are all very high quality assets! We are not going to this low share price for much longer in my view. BIG BIG rerate coming!
Lovely Nickel now to add to our mass of assets! Just gets better and better. The Chinese will probably swoop on this
I have just emailed them on the Tigray issues to check whether now with the new security measures in place, we are unaffected by the resurgence of fighing
what the individual opinion was?
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/17/14
"The Tribunal renders its award; attached to the award is an individual opinion by arbitrator Pierre-Marie Dupuy."
v zero sells! We should move up nicely soon.
This is a volcano waiting to burst in my opinion.
https://www.google.com/amp/s/www.bbc.co.uk/news/world-africa-62664225.amp
Let's just get this thing signed before things kick off again!
When you think our current market cap is only £89 million, with literally £140 + million in cash heading our way, puts it into perspective. Plus a project worth hundreds of millions too. Sit back, relax and enjoy the ride....upwards
also there is interest to add on of 45 million euros as well to the 190 then take 20% off
45 million euros of compensation for the interest as well! Fantastic
if Italy contast this, and lose, they then have 4 further months of interest to pay
I make that £128 million with interest owed annually from 2016 too!
Rockhopper expects to retain approximately 80% of the award
That really is superb news