Member Info for Jeremiah99

We just need our own 'experts' to go on TV and state that it is their considered opinion that further pumping of hydrocarbons from beneath the Weald will help to depressurise the fault zones resulting in fewer earthquakes in future. ;-)

All the more annoying that Zulu has been allowed to sit on the back burner for 18 months despite the £1m raised by Primary Bid in Nov 2017 which was supposedly earmarked for expediting the drilling there.

Yes and we will have had no choice but to wait for the rains to abate before being able to drill again, which they now have.

It's Zulu I'm worried about..

I suggested months ago that the Zim govt would run out of patience with companies sitting on undeveloped mining assets, and start revoking licenses. The Zambian govt did the same thing a year or two back. These countries are desperate for jobs.

Holding, not in group. No more purchases until Circum lands or early Zulu results are good enough to boost the s/p to a point where dilution for HB is relatively painless. CEO salary restricted to a %age of average Mcap over previous months (dream on!)

Sale of non core assets or demo plant production will obviously boost the s/p but the big moves should come on confirmation of the latest targets being as big as hoped. This could all turn on a sixpence once a few drills at the new zones show signs of commerciality. Such is the scramble for copper and cobalt assets that competing buyers may dive in early with decent offers, well before the bulk of the target zone is proved up. So hopefully we may not have to wait as long as 12m to 24m.

They must be very busy in the background. I expect news will be like the old London buses - nothing for ages then 3 will suddenly turn up one after the other. I bought a few more yesterday. Casa and Sturec will shirley cover current Mcap, so little downside but with multibagger potential if we hit paydirt in quantity at the new targets.

Yes, a bird in the hand - Tweet Tweet! :-p

Thanks Bring. So if we can manage to ringfence our share of future profits for the sole benefit of shareholders, it could one day amount to a penny or two a share. I do hope AB is long gone by that time for fear that he will give that away too, and for good measure have us all in debt to JLP and transported over to Kabwe to shovel toxic dust for the rest of our days!

"The darkest hour is just before dawn" ;-)

In the event that the faint hope of one day receiving a useful royalty/dividend from Kabwe profits isn't also snatched away from us, could someone please remind me how many shares there are currently in BMR? TIA.

bs - I thought it was just 11bn at HH? Which is still pretty big if we can recover say 5% or 10% of that with half in Ukog's name, multiplied by whatever SS said each barrel in the ground is worth.

If you paid top dollar for a season ticket for a football club that had several gems like Ronaldo, Hazard, Aguero etc playing for them yet are scrabbling around trying to avoid relegation, would you be singing the praises of the manager or sl@gging him off?

Agreed, if so many cash rich multinational car makers are gagging for future supplies of lithium, they ought to be falling over themselves to slap a mere $5m drilling costs onto the table in order to secure first refusal on a possibly sizable resource.

Looks good on paper but so far George looks like a boy who's found some magic beans but would rather throw them into a pot for his own supper.

Then factor in the two big new targets possibly being 10x bigger than Kalaba and the future looks very rosy, though patience will be required.

....when I say 'a few million shares' it will probably be an irritatingly hefty chunk vastly disproportionate to what he deserves.

the outcome will an OOC settlement of some sort leaving FRR to progress their operations unhindered but with Hope coming away with his pound of flesh in the form of an enhanced shareholding. He will obviously not wish to sink the ship and have the licenses revert to the GG and would likely be happy to be reimbursed what he's owed plus a few million shares as sweetner in return for giving up his board seat and dropping any claims on FRR's assets. If I were him this is what I would be shooting for.

Well if you can't beat 'em, join them. I'll have a few at sub 2.5p thank you very much, which will hopefully be the basis for my first 10 bagger on AIM. ;-)