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Well look up section 31 Kenya Mining Act 2016. It is explicit. This not something that AB has made up. The cadastre was updated yesterday to show the two licenses as MRB Approved.

This now just process..

After the licenses are issued AB needs to deal with the proposed JV.

DYOR

Greenland was before my time and therefore am not interested.

Why not do some research into the license grant process in Kenya? MRB's job is review everything and make a recommendation or not. Our license application is now MRB approved, which means that they have recommended that the license be issued.

DYOR

Very well done AB, very nearly there.

The Trolls can flip to, oh but Migori is worth nothing.....

Check out the mining cadastre.

That reads okay to me.

Nonetheless, good luck. Let's hope you don't drop too much: eventually something has to sign out.

My point was that TB and the former Attis shareholders now own a chunk of the combined entity: why would they agree to anything that didn't make sense. CW doesn't run the company, it is run by a team as TB made clear.

Anyway good luck with PFP.

It is how it works. Anyway, it looks like I am happier with my position than you are with yours.

No one is stopping you selling.

If TB and the former Attis shareholders are going to go along with a fund raise, they are diluting themselves. Your argument is that TB and former Attis shareholders are going to shaft themselves.

DYOR

"if" is a big word.

Ricky, you need to go and look at the Kenyan Mining Act 2016 section 56
http://kenyalaw.org/kl/fileadmin/pdfdownloads/Acts/MiningAct_No12of2016.pdf
You also need to look at the issue re landholder consents
https://www.bowmanslaw.com/insights/mining/kenyas-new-mining-act-modern-piece-legislation-issues-iron/

Getting the new license issued on Migori is straightforward but arduous. If AB says he is close then it must mean that he either has all or most of the landholder consents or that he has sufficient such that the committee and minister are happy.
All mining licenses in Kenya have to be reissued under the Kenya Mining Act 2016. What is happening with RRR and Migori is no different to what is happening with other applicants.

As with all these things, they eventually time out. AB has been saying he is close now for two months. Fingers crossed!!
DYOR

https://www.bloomberg.com/amp/opinion/articles/2019-09-17/markets-are-pricing-in-little-risk-of-war-with-iran-k0nb8jgp?__twitter_impression=true

Hey Ricky, I thought you wuz an "expert". If RRR can't pay, we just force administration and get repaid that way. Anyway, windup value more than covers the debt and the current share price. As I said, no downside.

RGM is good value at the current price, perhaps you should be concentrating on that company? Not as much fun since AB stepped down?

And you Mr Bop don't know how to use the English language. Anyway good luck with RGM.

https://twitter.com/zenithenergyltd/status/1173848337369436160?s=19

https://twitter.com/eri****tall/status/1173600675193917440?s=19

Funny! You will see on RGM shortly.

On RRR I have an equity position and the CLNs: as has been pointed out, I can't lose on the CLNs. On the equity side, I have them as low as 0.5p. The wind up value is more than 0.5p. I don't have a problem except this has been a long wait. Migori has been supposedly close to resolution now for nearly a year: however, as AB has said but you don't believe him, the resolution is close. All the licenses have had to be reissued under the Kenyan Mining Act 2016 and it is heavy work getting all the landholder consents required. Barrick have only beaten us by a few weeks.

Things are going in RRR's direction, gold is up, cobalt is up, copper has started rising and manganese has held its price. JMS is going to declare another good dividend, Para has raised the capital it required and should be paying out decent royalty cheques from Q1 20. POW looks to be doing okay and if any of took the trouble to read RNSs rather than just sit there poking pins in AB effigies you would know that POW has released some interesting RNSs.

Elephant Oil announcing its JV partner for Allada would be helpful.

Anyway, DYOR.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1464-tsx-venture/pbr/67123-para-resources-announces-10-000-000-non-brokered-private-placement.html

All gradually coming together. Maybe some news this week?

Hey Joe, shouldn't you be over on RGM discussing your genius investment skills?

PS although all the fuss about Saudi is focussed on oil they also produce a lot of NG and that has been affected too. The US now exports a lot of LNG and so the Saudi capacity being offline should fee into world prices and the US in due course.

DYOR

Things going our way at the moment: Natural Gas is at $2.70 (we produce a lot of gas out of FW and some gas from ZR) and WTI is currently $60.33 meaning that we get around $66.00 for the oil out of Austin.

If current production is around 125 boepd that rise is worth around $22k per month extra to us; ie., it funds maybe 1 or 1.5 workovers. Natural Gas should continue to rise from here on in.

Henry Hub has NG peaking at $2.94 in due course.. https://www.cmegroup.com/trading/energy/natural-gas/natural-gas.html

I suspect once the bad weather comes in that will end up closer to $4.00.

DYOR