Member Info for ID78

Should have read ‘Submission to cabinet’

‘submission to - this is the central government that want the oil pumped and sold. Their interests are aligned with ours.

It was the local government where we had an issue.

Why would the central government refuse the permit when their interests are aligned with MATD? Like master says; all that work to say

‘No, you aren’t getting it’

Everything points at the LP is happening.

I find the timing of the RNS interesting; first thing after Mellon was seen meeting with officials. Do we think MATD were discussed? Well… I for one think so..

And I suspect the discussion will have reinforced ‘if they don’t get the LP, how does that go down with other companies looking to invest here, will they look elsewhere…. No company will invest money knowing you want grand them access for production’

Everything is pointing at the LP happening.

‘Not jump around the room happy but quietly smiling to myself all day happy.’

I think that pretty much nails my feelings about they RNS..

Next resistance level ..

I would agree Cornie.

This is no longer

‘we are pushing for law reform to allow central government to issues a special purpose LP’ (where MATD were last year)

This is now ‘this is going in front of parliament and is deemed of national importance’

It’s not the permit - yet but the story has turned around considerably since last year and sounds like it IS happening.

We’ll done master82 on ALL the fantastic research - thank you

Badprophet this really is the weakest derampers of all time

‘O see some other company produces oil and makes a loss, so what does that tell us’

Honestly BP that made me laugh today. You need to raise your game.

I was wondering, Waffen :-)

Good to see the SP close above 3.90p..

Well … yeah that’s my take on it. Happy to be persuaded otherwise.

I think this may have been in the Q3/Q4 update?

Legal, the activity on Twitter said as much.

As soon as the money from ORCA arrived the tweets appeared showing they were busy mining. They were unable to do so before as they had (I think) ran out of money and stopped mining.

Everyone was worried about them running out of money and they couldn’t show business as usual as everything had stopped, the couldn’t pay the workforce to continue.

Money landed, they could pay the workforce and immediately showed they were back in business.

Now. That is the past.

We have to remember things are changing; 180days min of high grade ore which could extend beyond 180days, and by the end of which gold from the huge HL. The gold production and gold sales SHOULD change and (of course) for the better….

Price dropped and buys flooded in…SP moved up.

Good opportunity for anyone on the ball.

Whoa that drop is an over reaction!

The market knew all this before….. there nothing new here!

Hi legalwolf, yes quite correct.

Tbh I’m hoping to lean on you when the prospectus comes out. You’ll have a better idea of dilution; You have a stronger grasp on this than me (as is evident when I just don’t mention it!)

@legalwolf

For me it’s the lack of explanation to the gold production end of last year.

At the same time RM was fighting fires everywhere trying to raise cash to stay in business.

But no explanation to the numbers leaves you wondering what was going on. The finance collapsing, that to some degree I accept that’s not in their hands, that was in OCIMs.

As you say trust takes time to rebuild. Selling gold from these high grade areas (gold in a sizeable quantity) will help restore fair they can mine and sell gold.

Then the funding, that and making money hand over fist from high grade areas will sweep trust issues under the carpet as the bottom line is the money side of the business and how the MCAP is valued.

This may seem like I’m bashing RM. It’s not entirely.

Securing financing to keep going (CLNs) - he did well as I think they really were on the ropes there.

Prioritising by ploughing that into the large HL (as the ore they were mining was low grade) so they could start producing and selling decent amounts of gold. Another tick from me.

But, the proof is in the pudding - either

- Gold sales
- Financing

Both of the above

Again wait for these and you miss a low SP. Depends on your risk appetite.

Point is (and you fully understood it and chose to muddy it)

AA are not interested in small time opportunities. So a MCAP of £100mill is not entirely nuts.

I’d tend to agree Ella.

But then would AA be interested in a £500mill resource? Or are they much bigger?

(So hopefully we close above it)

Marketscreener shows 3.9p as the current resistance and from todays movement that seems about right.

There seems less money in the markets so it really is difficult to know.

The best I can guess is that it will be higher than now.

GLA

(Aprogerson, good to see you on here)

I’ll rephrase that

Been given the impression the JV is a certainty ..

I take it everyone noticed the comment in the article

‘Has resulted in a JV’

Past tense. Inaccurate, as there is no RNS, but clearly whoever wrote the article has been given the impression the JV is happening..