Member Info for Invest4theLT

I think it’s a good sign but time will tell. If the loans hadn’t been cleared we’d be waiting a lot longer for dividends. Dilution is the price, and I wonder why they didn’t just make a take over offer instead if that is the short term plan.

Sounds like they wanted the registration to go through before making payment. Logical. Maybe the hold up was with the bank.

A lot smaller in percentage terms but not in volume?

The NED sank £38,400 into this in October.

What was he thinking?

Another brief mention

https://www.heraldonline.co.zw/mat-north-celebrates-45-high-impact-projects/

It would be odd that 18 months on from signing the agreement they haven’t sold anything. Maybe they’ve only sold an amount which doesn’t push our minimum $2m pa up.

They must be trying to bring some money in to cover costs. Surely.

Sounds it. You’d like to think we’d be told.

I would have thought they’d have to inform the market either way as it’s a material amount. Must be having a lie in…

There is some comfort in the Directors recent purchase.

How do you know what’s happening on site? Thanks

Be nice to get in on the act:

https://360mozambique.com/world/africa/zimbabwe-coal-exports-soar-over-100-in-eight-months/

‘ A minimum US$2 million per annum royalty is payable, uncapped. PGI has confirmed that the next minimum royalty payment of US$1 million will be made in the current quarter. The Definitive Agreements now record that royalty payments to Contango will be made in priority, followed by payments relating to the CGO Debt and the revolving facility on an equal basis.’

PGI are paying and we’ll probably find out on Friday that payment was made.

With the Mapinga Park development we may be ok for 2026, still waiting for the operational update though.

An older article but gives an idea of what PGI are involved in already:

https://www.heraldonline.co.zw/editorial-comment-mapinga-industrial-park-step-in-right-direction/

Last 2 years they were issued on 31st October, no doubt the same again this year.

Https://x.com/vast_resources/status/1983517251991970284?s=46

Think $300k came in after year end to tide them over.

This has just popped up:

21-Oct-25 08:31:13 0.71 3,330,000 Unknown* 23.64k O

That’s a very good update. Operational update too soon.

Still waiting to see if the 30m was a real trade. TR1 notification to the company should be within 2 working days if so. Not sure how long the company have to rns.

Not surprised if Huo want to increase their position. Think RAB were the last to.

The lack of newsflow is harming the SP but as they haven’t started selling there probably isn’t a lot to say.

For info: the PR firm are no longer working with the Company. We need to contact the Company direct for any updates.

Commercial sales not until next year some time, that may be why they sold. Perhaps they’ll be back then.

The gross £1.85m from January ended up as £3k at 31/05/25?