Member Info for JimBL

Govt had already been 'given' a 10% carried interest in SGM - on license award.

Trying to segue the topic - like a Bridge Over troubled Waters

I suspect we'll sound like a couple of strangled cats...

It's all...a little bit me, a little bit you, Andee.

You've been quiet. 'Thought you'd taken the Last Train to Clarksville..

Its almost like they don't want anyone else to know the success parameters and profitability of this project...

Togo First articles still online which undermine your theory on 'market sensitive' :-
08/11/2019 Production at the Nayega manganese mine should commence in Q1 2020
21/10/2019 Société Générale des Mines obtains operating permit for Nayega manganese deposit

From last RNS "CEO Russell Lamming and COO Graham Stacey are currently at Nayéga undertaking a site visit and meeting with community leaders and a delegation from the Ministry of Mines to ensure an open and inclusive process for the development of the Nayéga Foundation. "

I'm far more pragmatic. I'd say we are at the mercy of his greed and corruption and who knows when or if this will ever be resolved because of it.

"an ulterior agenda at one of the highest levels of government".

Something I've been suggesting long enough and have shouted down for. The agenda lies with, and in, the Presidents Office.

Photo's on KRS twitter account along with the branding for the Foundation and a public announcement of its launch. It can hardly be claimed anything has been 'leaked'.

No, I'd agree with that and your take on it. Just seems a little odd to me that the first project would be for four water stations when a mass clean water program is already underway in the region and funded by someone else.
Another 5% sweetener however, focused on the community, would seem to suggest they are pulling every string possible try and drag this across the line. Let's hope there's relations of the Presidents clan in that community ;-)

It's not really that astute. The Decree requiring this ESG in the mining sector was made back in 2017. Moreover, there is a mass borehole program currently being undertaken in 69 cantons of the region through the financial assistance of the French Development Agency and carried out by a French company and a local partner. It will supply 120,000 people with water.

Looks new to me too - as is the now specific mention of the President needing to sign off on the agreement.

Did you read the article? "However, we see that NMC batteries are slowly taking the position of the LFP because of their higher energy density and because prices are leveling."
Plenty of other information in that which suggests LFP is not the way ahead for EV batteries.

Against my better judgement but it was a close call. 'Just not posting. I've got my thoughts on the Togo mess and I'll just keep them to myself from now on. As you may know, I'm far from excited by Utah also.

But as you can see, in addition to our loans being paid back, FI shareholders are also to receive $1.82 million at some point for their loans.

1. Phase 1 Repayment: 70% of distributable cashflow from the Project will be repaid to Keras for the first $1.1m of the Loan.
2. Phase 2 Repayment: 51% of distributable cashflow from the Project will be repaid to Keras for the remaining $1.4m of the Loan.
3. During Phase 1 and 2, Falcon Isle Resources will be repaid a total of $1.82m from the Project, being a repayment of loans attributable to the shareholders of Falcon Isle Resources.



Post Phase 2 Repayment, distributable cashflow will be paid out pro rata to shareholders, so that Keras will be entitled to 51%.

I think, if the whole Yr1 7500t stockpile is sold then the profit would amount to around $400k. As part of the funding agreement when we acquired Falcon Isle, we are to receive 70% of the distributable revenue until the first $1.1 million of the loan is repaid.

Nothing.

Indeed. We don't want to be kippered.

"Prime Minister Victoire Tomégah-Dogbé on Friday presented the government roadmap to technical and financial partners.
These are international organizations, countries and development banks that allow Togo to obtain loans and / or donations."

This particular roadmap sounds entirely focused on Togo's access to international lenders, rather than our access to a license solution.