Member Info for JimBL

My bank account will fare a lot better with a mining licence for Nayega rather than more gold news related to CAI.

'Was SP Angel --- "Valuation: we value the manganese business on its current small-scale mining plan at £11.7m
(or 0.0052p/s)".
Instead, we are 0.0017 and £4.8 mil!

I wish I had a penny for every time I've heard (or thought) that! Cool your jets, lad. I and others have been here going on 9 years and are still waiting to make a profit, lol!

I'm not at all convinced a 1p share is an attraction to II's. Maybe after some cash is proven to be coming in.

Togo is not even in a crisis, that we know of. As of 29th April they had only 104 cases, of which 64 were recoveries, and 7 dead.
6 of the infected were healthcare workers.

Can't see what the issue was meant to have been, as the President was the President up until the elections in February.
The production target was 6,500 tpm starting immediately on exploitation permit being passed. We need nothing other than the permit to get that going.

Not much meat on that bone he's thrown us, is there!

Damn right it would.

According to Proactive as of 18th March - "Keras has put a business continuity programme in place to protect employees and ensure the safe operation of the Company. All non-essential travel has been cancelled. All activities at Nayega in Togo and the regional office in Lomé have been reduced to essential staff only. The Company has also asked any employee feeling unwell to stay at home. Keras continues to work to complete the final documentation related to the Nayéga exploitation permit. The re-election of President Faure Gnassingbé combined with Covid-19 has delayed the permitting process."

Haha! I must have slept through that period as I don't recall any profit whatsoever!

DR responded no matter how bad things got. RL has gone AWOL by comparison - especially with things now beyond the 1st quarter when we were meant to be producing.

My sarcasm radar is defective after 4 weeks of being indoors ;-p

What irons in what fires? We have given up Kamino - so the only iron in a fire KRS has left is Nayega.

We have to change SGM from a private to a public company, in which Togo Gov has a 10% stake.
According to this former EITI report, https://eiti.org/files/documents/rapport-itie-togo_2014.pdf (page 70) 10% of SGM is owned by Shehu Dan Fodio (a company which owed taxes in 2015) and 5% by Odaye Kossivi, a project manager and current member of the Prime Ministers Office.

Brown envelope? Togo Gov has already been given 10% of the company in order to get this far!

Oh, and don't forget this from the RNS - "I look forward to providing shareholders a steady stream of news flow on key contracts and activities on the ground as we move towards commercial production later this quarter."
We have in fact been told of nothing other than a capital raise since then.

But it's already meant have been signed off! We are supposed to be doing what should be immensely straight forward in 'restructuring SGM' to be wholly owned by KRS to finalise the license issuance. Considering we previously owned 85% of it (now an additional 10% to Togo Gov) how difficult can that be? It's now 3 months since that RNS came out.

The license! Don't start holding your breath though - we've been waiting since 2014.

COVID has not stopped us obtaining the license! It may stop the ability to produce, but we can't do that without a licence anyway. Time RL got his backside into gear to explain WTF is going on. Years of this is more than enough.

We are supposed to be going to operate under stockpile pricing aren't we? I see no reason why temp port closures would affect such an approach. However, the still absent lack of a license most surely does! WTF is going on with that???