Member Info for JDwag

From the Unaudited Interim results - 30 June 2018 taken from RNS of 14th September 2018.

Cash and cash equivalents: £1,679,453. Add the £500,000 from the 30th July 2018 fundraising (as that lies outside the reporting period). Total of £2,179,453.

Administrative expenses: £924,829. Exploration expenditure: £402,609. Total in 6 months gone previous of £1,327,438 / £221,239 cash burn per month.

So on basis of exactly the same goes forward as has gone in the past we could be looking at the end of March 2019 before funds are needed and that is on the basis that they don’t conserve further cash / reduce costs. On that basis I very much hope he will hold out on any fund raising until after a great RNS, or it could still be SEPCO3 of course………

JD

As was posted on here the other day by someone who attended the Investor evening, MED and Benga are getting the immediate attention. The FE Broker note and the last Beng RNS on 30 Jan Male it clear to me that they still see a private offtake agreement for Benga by the end of Q1. So as you say, let’s see how quickly the businesses round there want it. JD

You could be right. JD

Agreed. As I stated on here the other day if it’s handled properly with the BoD buying in with a positive message on what it will be used for I don’t see it as a negative. Get it done and move on with good news flows to come. JD

Not at all dear boy, AIM is a fickle beast, you can be down on your face in a puddle one day and climbing to the fresh air of the Hilary Step on Everest the next. It’s a confidence fame this, and we don’t have it at the moment, but that is transitory given what we have to come this year IMHO. No debt, great projects, great team and most important a very good (and honest) leader, who has chinks in his armour, like we all do. #kibo2019 JD

https://www.iol.co.za/business-report/energy/botswanas-first-private-coal-mine-to-produce-saleable-coal-in-march-19064083 Let’s hope the Govt are in the mood to speed up Licences. JD

Maybe!! I think there is a long way to go in the story of this project...... JD

https://www.theglobalist.com/tanzania-stieglers-gorge-dam-environment-unesco/ JD

I seriously doubt we are paying either the wages or expenses of our partners personnel. JD

To be fair, that’s LC’s Style, it’s a straight bar, don’t rock the boat attitude of ‘background’ diplomacy. It’s probably why he has got on with the Chinese so well. He’ll never divulge background work until it becomes real news. I guess the implication from Peak is they are trying to push this along in the background and stated or not, I bet Kibo is as well. So here’s hoping for at least a Q1 issue of the SML. JD

https://wcsecure.weblink.com.au/pdf/PEK/02069627.pdf Don’t know if this has been posted? But in Peak Resources Q4 2018 update (issued on Tuesday 29/01/19) it outlines where their SML is. On the assumption ours is the same, progress on getting this thing to Cabinet for approval? JD

Won the 1:45pm at Lingfield BTW. JD

I obviously hope your right mate, if he pulls offf the next cash call at much higher levels. I’m only musing if course, no idea of what is coming and only Lurker and God know what is in for us. Speaking of which I can’t help be amazed at how he finds time to instantly respond to a poster on a BB penny stock share website! I thought he would be jet skiing with his haram of 22 year old models while snorkelling off the Maldives? He must have one of those new waterproof I Phones I guess? JD

At the next fundraising. If they do it properly it can be seen as being very positive. Considering the extra resource (the chaps from MED and Moz) if the next fundraising comes with a large amount of ‘buy in’ from the BoD and our Partners then it can be swung in a very positive light. Some fundraising’s, if they come with a full and explicit explanation of how they will be spent and if they have some Management money on the line can actually be a catalyst for a move higher with lots of uncertainty taken off the table. LC should use his new sense of investor feedback interaction from Wednesday and capitalise on it. JD

#shamdam

JD

It’s terrible looking, it’s been battered by the wear and tear of life, I’m happy to let him go for a 300Mw worldly. JD

I’d give me left nut for us to be awarded one of the 300Mw lots for CTPPs.

Stiegler’s is a sham, it’s at least a decade away (more likely two decades in a fair wind) from ever producing power.

JD

Agreed. Get it out the way. JD

More positive on this Share but me. But considering our cash burn and cash position outlined in the last interims then I think it’s safe to say that funds will be raised (in some fashion) imminently. That’s not a negative. It’s a positive to progress things further along the value curve. JD

Okay, thanks. JD