Member Info for JimBL

Wouldn't mind a rummage down the back of your sofa (no weird pun intended).

Less of the old.... (though I am) ;-)

I was Aug 2011. Started at 3.56p and gave up on averaging down as the price kept falling. Now at .009 for 5.5 million. Really wish I had came to the party late and had the chance to buy all those in the .003 range!

And let's not forget the original plans for a stage 2 to produce ferromanganese. The profit in that is enormous. However, the third-party who undertook the bulk sample could well be a/the future buy-in partner as they already have a smelter.

Well, that appears to be a white fella under that helmet. Not likely if it was in Africa surely?

Given the info regarding the BS - if we are awarded the license then we are ready set to start operating. Funds should be relatively minimal as the equipment is on site and as stated, we are good for 6500 tpm production.
If that is to be scaled up to the original plan, (if license allows) then we would need more money no doubt.
BUT - where's the damn license! Seriously. No idea how many more months and years we are going to get strung along with this.

Probably actually being awarded the mining license, then starting to make revenue from Nayega at last! 80,000 tpa revenues should surely make a difference.

Oil - not sure on cash position, but the third party fully funded the BS. I believe the current set-up allows for immediate production but at a much lower volume than the original 250,000 tpa. I think it was suggested to be around 7000 tpm now?
As far as I recall, the DFS was completed in 2015 also. May need rejigging to meet the current parameters but not wholly redone (I assume). I'd also assume the social and labour plan was part of that as it was first mentioned in 2012!
I am also assuming that the BS went as thought and the third party is now going to enter into an off-take, JV or similar agreement. Some info on that would have been helpful as we know the shipment left and KRS has been paid for it.

Oily, good to hear from you. Which questions do you feel are unanswered?

As for myself, I'm a little perturbed at the fact that we also got told in 2015 that the Mining Convention had been concluded and we are yet again 'waiting on Ministerial approval'. Sounds very much same old same old to me...

Hardly likely to dual list considering CAI was a vehicle to get an ASX listing for our (KRS) then gold assets, rather than go through the cost and process of getting our own.

I'd only stalk you with a 12 bore Andee ;-)
Yes, Bogroll/Steve is a miss. Well knowledgeable at the time and I do wonder what he would have made of where we have ended up.

LOL. At this stage I couldn't care less if it was donkey sh@t we were mining as long as we see a return ;-)

Weird thought isn't it! In my case, kids are married, a grand kid, and here we still are ;-)

Yeah, off-hand I recall maybe 10 of us who comment to some extent, and of course Oily who we lost.

Aug 2011 for me. I sure didn't think I'd still be in after all this time!

Yeah, I do wonder how many former Ferrets are left from when we were a predominantly iron ore focused company.

Escrowed until June, but not released until after the PFS as far as I recall. That was originally targeted for 2020 but now stated to be Q3 this year. How long afterwards is anyone's guess. Also stated they intended to retain some for financing of Togo (?).

Maybe because 5 years after completing the environmental requirements, shareholders are wondering what the reality is behind the lack of a mining licence.

Bed & ISA?

'Twas an easy paid job. He merely had to Turn-ip ;-p

It was a throat lump of a send-off and an even better return - even though the return leg was on the big white lady, Canberra, into Southampton. The great British public were magnificent then, and it's great to see the respect our lads get now.