Member Info for ivans

BPB now nearing 100m mcap on confirmation of drilling.

AEX only 40m mcap. expect once farm out confirmed, sp can double from here.

in the meantime, buy and hold

they just bought for 5 days.
like i said before, i doubt there will be rns on draft. as draft remains draft, not finalised.

nevertheless, we are making progress finally, and hopefully wont be long - maybe just a matter of days or weeks.

just reread again rns in sept/aug:

"The conversion price of the Convertible Securities is (a) the average of five daily volume weighted average prices of the Ordinary Shares, during a specified period before the conversion date, rounded down to the next 1/10th of a penny, or (b) 140% of the average of the daily VWAPs for the 20 trading days immediately prior to the execution date of the Agreement, being 5.78 pence per Ordinary Share ("Conversion Price B"). The Investor may only utilize Conversion Price B for Convertible Securities with a par value of no more than £800,000."

it implies that if the price B ie higher than sp at placing at 3.9p, then QFI only able to receive 800k from second tranche.

we all know QFI will need another 2m as part of second tranche this summer, so one way for QFI to get 2m is for sp to be lower than placing price of 3.9p. also, Bergen will be happy for converting at lower sp as they will get even more shares at that time.

i know its sound stupid but please refer back to the RNS and you will see it.

AVOID until second tranche imho

with virus spreading, largest consumer, China will have much lower demand for steel/iron ore and as such, expect existing projects to be delayed and future plans to be even further push back.

so, dont expected any progress for at least till end of year 2020.
plus, iron ore price is expected to drop lower.

just being realistic

sp looks tempting and mcap very low.

can someone confirm, how much cash do we have and do we have any other active assets?

why sp been drifitng? how certain are we on the arbitration claim?

looks like bergen or their affiliate is gradually selling shares.. at this rate, wont surprise if sp sub 2p

i think i saw shareprophet tweeted that few weeks ago

in twitter its saying placing is coming?

good news and we are down!

JLP should issue bad news and maybe sp will rise up?

sub 1p is cheap. look at our mcap .

it was expensive at 5p but sub 1p definately a buy imho

i recalled many were buying this when sp was 1.4p few months ago. sp now is bargain for those looking for top up

today most stock are down. some blame Wuhan virus. anyway, hopefully tomorrow will continue back up. despite virus scare, people in UK will still continue using the restuarants

saw notification in my inbox today for Solo and i thought there is RNS, maybe on PSA Tanzania confirmed etc etc. but then, no rns...

anyway, hopefully real RNS will come soon on PSA re Aminex. see this twitter:

https://twitter.com/mtanzania/status/1220764715036610561

hopefully this is it. after waiting for many moons

if this is true is even draft of PSA is coming, then hopefully wont be long now. we may not get spike as yet but we should start rising from here back to 1.5p for starter. so, may want to top up while its still cheap

https://twitter.com/mtanzania/status/1221735954488201216?s=20

our sp already near bottom. will RKH drift sub 10p if the result on italian is actually not good for RKH?

was reading the interview but not very clear. we know how these YA and bergen works. regardless, they will drip sell when sp starting to rise, which means it will put off many investors from investing.

do we know, how much Bergen still have in QFI ?

BOR is a huge bargain and cheap with low mcap.
buy and hold . we can easily rise up on the sentiment alone. PMO /RKH will drive up falklands sentiment comes next month. and when the actual news arrive, we should be double digit .

we are expecting to receive draft copy. draft is not yet finalised as AEX and others will need to review and provide comments if required. then revert back to Tanz govn.

if no further amendment, then it will be approved (4 weeks from draft submission?)
if further amendment required, expect several more months before fully finalised!

ok , i just gave example. maybe PMO is not suitable but other majors with huge cash will easily be able to farm in to us, especially if they can see PMO project is viable.

or, PMO may still farm in to BOR and then subsequently seek other richer partner and farm down further, like how they did in RKH.

anyhow, thats to show that BOR should benefit greatly and maybe 2020 is our year of multibag!