Member Info for kempey

Nothing to stop NC doing the same to Greatland. I'd be disappointed with 24% above current shareprice. Not sure they will though!

Not a daft question shady. Finding the gold is one thing processing it another. It will all depend on how much they find. CAPEX could make it uneconomical if the find is marginally significant.

My thoughts exactly but in reality nothing has been proved up, nothing has been drilled, nothing has been found except for a similar magnetic finding to Haverion. Its still a long way to actually finding gold in the rocks. They're still drilling other tenements and have yet to confirm economical finds though they look promising.

Hope2gain...whether you call it DD or substantial research I would expect any company making an offer for another company to know the company 's potential inside out before making the offer. As Oiltap says after that the DD is often used to reduce the offer price unless another company comes in with a counter bid in which case we get a competing takeover and usually a rise in price. If it happens lets hope its the latter. Nothing can happen unless it is put to shareholders.

I'm amazed at the muted response to such positive news. I will be buying more at this price especially after such good drilling results as I'm looking to the long term not the immediate but even so this situation can only be brought about by shorters. Real investors will win out in the end and one day shorters will get their fingers burnt as the market no longer can be manipulated and reverses this trend.

KJGood1
There's a fairly simple article worth reading on investing in Junior miners which explains the Lassonde Curve which Magic was referring to. Apologies if you are already aware of it.

https://equifund.com/investing-in-junior-mining-deals/#:~:text=The%20Lassonde%20Curve%20models%20the,and%20time%20their%20investments%20properly.

Couldn't agree more Spade. Patience here is all that is needed and yes it is almost de-risked or at least the most de-risked on AIM. I would argue as a private investor that building up a holding here before the institutions start to invest makes sense as the share price will rise quickly when the first major Inst. investors take a sizable holding, as they will.

KJgood1....the institutions won't invest yet until Greatland are a producer. At the moment they are considered an explorer and that comes with risk. Even if they sold Havieron they could blow the lot exploring their other tenements. I don't think they will but the banks etc have to consider the possible risk. You don't gamble on AIM explorers with other peoples pension money which effectively the institutions are using. They will start investing I think in a years time when they see the first gold. Even a PFS or FS is still a paper exercise based on all the data the company has to date and that data changes by the month.

My only question regarding progress is....who is actually going to buy the gas? The domestic market I believe is growing but still quite small. Will it be piped or' tankered' as LPG to Zambia, Kenya, Rwanda. Will it be piped to a sea terminal for shipping as LPG. I Are the Chinese an intended market? I remember the Chinese involved in building a pipeline but have not kept up with developments having put these in the bottom drawer.

Copper at $4.78 a Ib current up another 1.2% and not far of it's all time high. The timing couldn't be better given we must complete our forward contracts soon and can then sell at over 50% more. I vaguely remember RMM selling last year at around the $ 2-3 mark. Coupled with increased production this must surely continue to rise beyond the heights seen earlier this year.

Having held nearly 3m of these (and not sold) when they hit the heady heights of 7p in 2017 I will certainly attend a 10p party in the Shard should it ever reach that figure. 10p was my target price in 2017 and on paper with the assets AEX have, it was, I thought in 2017, achievable. However, I didn't account for the political shenanigans in Tanzania. Having put these shares in the bottom drawer for the last 4 years I'm pleased to see an awakening. I do think that some countries are their own worse enemies when it comes to developing their own natural resources. If Tanzania is not careful the world will have moved on from gas and oil and they will have missed a golden opportunity to strengthen their economy.

In the last 5 working days its gone up 18.93%...that's not a retrace. Prior to that the retrace was around uncertainty of finance which looks as if its resolved itself.

Bridging loans are common place in financial transactions. The lender will have a) confirmed with the main loan lender that its in the pipe line, b) Will have confirmed that your company can make the repayments which are usually at a higher rate of interest and c) will have valued your companies assets should anything go wrong which in my experience rarely happens. All very simple due diligence on behalf of the lender. Given the price of copper this company should have a bright future once this years hedge is cleared and the 4 stopes completed. Thats why I am buying more. Just wished I had bought at 16.5p

Apologies for the duplicate, l didn't think the first comment had gone!!

SD stated the announced data was a 'fraction of a fraction' of what is there. In official reports and presentations it is better IMO to present what can be confirmed as 100% accurate. In addition it is better to report on a staged basis which a PFS is, higher grades in each report. It is most likely that data from February has been held back so that the next (December) PFS will confirm a greater NPV and probably the one after that and so on. This way the progress will have a more beneficial affect on the share price. I'd prefer a consistent, sustained rise in the share price rather than the swings we saw yesterday. IMO The only ones who need to be concerned are the quick money merchants who have no interest in the development of this company. Long term holders will be rewarded but not to 2024 onwards unless they sell early. Even then many will have made a profit.

SD stated the announced data was a 'fraction of a fraction' of what is there. In official reports and presentations it is better IMO to present what can be confirmed as 100% accurate. In addition it is better to report on a staged basis which a PFS is, higher grades in each report. It is most likely that data from February has been held back so that the next (December) PFS will confirm a greater NPV and probably the one after that and so on. This way the progress will have a more beneficial affect on the share price. I'd prefer a consistent, sustained rise in the share price rather than the swings we saw yesterday. IMO The only ones who need to be concerned are the quick money merchants who have no interest in the development of this company. Long term holders will be rewarded but not to 2024 onwards unless they sell early. Even then many will have made a profit.

Jiffy...I believe we have a seat on the Board so any manipulation of the Haveiron figures would amount to collusion. That would be a serious financial matter and most probably illegal but would certainly open possibilities for shareholders to take legal action. I don't think either company would want to be involved in such a potentially PR damming strategy.

Yes heard that and mentioned it earlier. Put the dimensions of this mine into perspective. Its clearly very large and Sandeeps comment (on record) that every drill hits gold is confirmation for me to keep buying. Institutional buyers will be in shortly...perhaps after a couple of more PFS's. Then we will see real confidence and the price go north.

Agree, I was expecting a far larger drop given the early negativity. Nowhere back to 15p and will continue to climb back into the 20p's. The drop was not justifiable except to the speculators who bailed as quickly as they arrived.

Figures in RNS based on a ' fraction of a fraction of the ore body' Excellent interview. Only the speculators after a quick profit have left. Some will have lost money. LtI's will be the winners financially and will see the share price move north before Xmas.