Member Info for Helpful

Well as you know, under the current system RNSs are only for information that has to be released. Reach is for intend, expect, anticipate, clarify and so on. Sometimes a Reach cannot be put out because of commercial sensitivity etc.

Everything comes to he who waits.

I thought the Elephant news yesterday was big as was the Recon Africa news. RRR should be looking to sell it's Elephant position. Two years down the road Elephant might be big but right now cash is more important

DYOR

$2,452.

$2,500 next.

DYOR

*rhetorical

Doggie, so you didn't answer; did you get spiked on Monday? Didn't the pub quiz team include you?

Morning trolls, so gold made it to just under $2,450 but didn't make it over the line.

This morning let's think about those who had gold shorts.

DYOR

Nike, closer to what would happen than what Boring said.

You would expect a super accountant would know a little bit about company insolvency but it would seem not.

Look Blue Balls, the way it works is as follows: you make a false assertion, I repudiate it, you shut up.

News, it can be done. Not sure I can check but I will look tomorrow. I did have someone set up a short for me on Prem but didn't execute in the end because I didn't want the risk without Elephant listing. Prem was £130mil at the time.

Still sore about getting spiked on Monday? You need to take It up with the pub group.

$2,449.36.

Nearly there.

$2,448.90

Blue Balls but sorry to dowse on your strawberry's: tshipi, el Limon and Steelmin were all brought into production. I know you know better having lost money 15 years ago. I hate to tell that even Amulet Diamond Corporation was brought into production on a trial basis. Anyway, you carry on; you obviously know better.

$2,448.25

$2,431.

$2,450 incoming.

$2,500 would be nice.

DYOR

News, he needs a bucket of WD40 and a big spanner.

When he said "rusty" maybe he should have said "rusted solid."?

H50 complicated deal but the bottom line is that these BW people have agreed to fund Recon to production based on mileposts. Clever deal from BW's point of view in that if the mileposts are hit, they know this will get to production and it means that Recon don't have to spend time chasing other investors to get to production.

Interesting that Recon said that multiple parties were interested: maybe Elephant can flash a bit of leg and get a JV?

Elephant needs to get on with some EFTG and seismic.

Thanks

DYOR

Https://reconafrica.com/wp-content/uploads/ReconAfrica-Press-Release-071624-Strategic-Partnership-with-BW-Energy-Concurrent-C35-Million-Overnight-Marketed-Offering.pdf

This is interesting:

"ReconAfrica is selling a 20% working interest in PEL 73, onshore northeast Namibia, to BW Energy, in exchange for total potential consideration of US$141 million (C$193 million), including US$16 million (C$22 million), equity investment and an additional US$45 million (C$62 million) in carry payments based on achievement of commerciality (final investment decision). These

payments will be paid in two installments, one at FID and the second payment one year after production. In the event of development of discoveries, production milestone payments could total an additional US$80 million (C$109 million). Three separate production payments of US$25 million (C$34 million), are made after BW Energy reaches certain free cash flow milestones. An additional first production payment of US$5 million (C$7 million), is paid sixty days after the start of commercial production"

"Together with the concurrent Offering, the Company has the financial runway to execute a high impact multi-well exploration drilling program with play opening exposure in the Damara Fold Belt, on a 100% working interest basis, to over 17.1 billion barrels of undiscovered original oil-in-place, consisting of 3.4 billion barrels of unrisked prospective oil resources"

In my view that puts serious value on Elephant's Nambian acreage.

DYOR

https://*********************

/newsfeed/article/revised-offer-for-impt-plc-674789

lets see if this works: if it gets deleted it was research hyphen tree dot com.

anyway, as an aside; i never post anything on here that i can't back up if i have to, sooooo......

property fund, iom not an it and so on £3.00 a share. post 2009 this was on its bottom and could be picked up very cheaply in due course. it was priced on the basis that it was going bust.... but... it didn't....

nb having near 100% memory recall helps...

https://*********************/newsfeed/article/revised-offer-for-impt-plc-674789

industrial managed property trust plc.

qed. as i said. it took 18 month for it to go through because alpha were being d1cks!

dyor