focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Spikes are good in some stocks but for me not worth the risk to get caught out. Not after all this time we have been here. Gla
Thank you. Yes we have work to do here still. But I'm feeling we are in a better place now for moving forward.
Morning all. I think we are now at our turning point in moving up now. Dr is working hard. Good luck this week all.
Thanks bj. Ive not been able to see or message much. I try and check in from time to time. Frx is in a much better place also now. Word will get round as more news comes out, so i feel we are all in good hands. Gla.
Good video clip.
Been a long time since we had a red dot, people still sleeping. We are moving.
Dave Reeves said, "It is very rare to find an opportunity which can deliver production in under six months from acquisition and therefore I am personally very excited about this project, which fits our goal of rapidly delivering cash flow at a low cost. Gold production will commence at 20,000 to 30,000 ounces per annum, the cash flows from which will be used towards the development of the Nayega manganese project in Togo when the permit is received. With our focus firmly on producing cash from these gold assets for the next six to nine months, I have no reason to believe that the Nayega permit will not be fully granted when we have the time to turn our attention to developing this as our next cash producing asset.
Ferrex plc, the AIM quoted resource development company, is pleased to announce that it has entered into an agreement to acquire 100% of Australian private company Chaffers Mining ('Chaffers'). Chaffers has negotiated a five year tribute agreement with Paddington Goldfields, a subsidiary of Norton Goldfields ('Norton') to mine certain defined gold deposits located on the Norton leases, located 30km north of Kalgoorlie in the heart of the Western Australian goldfields, for treatment at Norton's nearby Paddington processing plant. The acquisition will enable Ferrex to commence production and cash generation with only working capital expenditure in Q2 2016. The funds delivered will be used towards the development of the Nayega Manganese Project ('Nayega') located in Togo upon receipt of the mining permit. This acquisition follows a recently completed strategic review by the Company focused on how to best deliver rapid value to shareholders in the current commodity pricing environment. Overview · Low acquisition cost, cash generative mining opportunity in a geographically stable mining jurisdiction: o Production targeted to commence Q2 2016, initially targeting 20,000 to 30,000 ounces per annum o Agreement covers historic resources of more than 350,000 ounces of gold at a grade of 2g/t o Mining leases granted - deposits comprised of remnant resources below historic pits and previously unmined near-surface deposits o Limited working capital costs to commence production estimated at GBP300,000 o Leases located 25km from the mill in an area of excellent infrastructure o Ferrex to pay mining and processing costs, plus 22% royalty on gold recovered to Norton · Low cost consideration and addition of highly experienced mining personnel to Board and management which will add further significant and relevant skills to Ferrex
Thank you oil. I'm ok, lots been going on, I'm still up and down. Just popping in at times as lots to sort out. Wanted to thank people for the kind words. Thank you all guys.
DR has been busy, he is coming to the UK in a couple of weeks. We will see some changes I feel that will make us happier Keep up the good work guys :-) GLA
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Not been around for while, Sad times for my family and I, My Father passed away. Ive not been in touch with anyone. I'm having a rest. Will be back sometime. GLA,
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Funny how we see that each time. They don't seem as quick when its blue :-)
Yes mms looking for stop losses.
Yes mate. Its good news. I asked if it was ok to post some news, Dr was all ok with it. Just a bit longer mate :-)
I had a reply from DR. This was from a message Dave had from Togo. Dear All, We are almost there !!! I'm sure there was more in the email but that is all I got. DR and ferrex. We have not been idle during this time and have managed to smash capex down again to an almost ridiculous level so that is good and have been busy on some other initiatives I believe the market will like. I will be in the UK in mid October and hope to have a lot of this coming into the public domain. Hang in there guys :-)
Only the start of last week. Seemed to think we might have some news, but I thought it might of been last week. But just here waiting like we all are. With a bit of luck this week ?
esident Faure Gnassingbe of Togo and over 150 world leaders participating from Friday to UN summit on sustainable development in order to formally adopt a new program called ODD (Sustainable Development Goals). This roadmap will be the spearhead of a collective action of the international community and national governments to promote the prosperity and well-being for everyone for the next 15 years. The new program, which takes over the MDGs (Millennium Development Goals) includes 17 objectives including the eradication of poverty, food security, access to water and sanitation, shared growth and durable, environmental protection and the fight against unemployment. ODD comprenant169 17 targets, 8 against and only 21 MDG targets. Complex challenges in the world today require to cover a wide range of problems. It is also essential to address the root causes and not just the symptoms. These ODD are the result of a negotiation process that involved the 193 UN member states and saw unprecedented participation of civil society. This led to the representation of a wide range of interests and perspective. The MDGs have generated the movement against poverty that has seen the most successful and serve as a springboard for the new sustainability program. The Togo managed to fill some, particularly in terms of food security. The adoption of SDGs should enable the country to continue on the path of growth and the fight against poverty. By participating in the New York summit, President Faure Gnassingbe intends to mark its determination to go to the end of this long and complex process. The implementation of the SDO will be effective on 1 st January 2016.