Member Info for L0ngterm

Yes we start the countdown towards £1.00..

I am not saying, however you know what I am aiming for 😂

Lots of buying on the way up!

So your chart show no buying opportunity till 20’s, fundamentals props are 33p a share before ratification.

Hmm let me think 🤔

Look at the monthly or weekly ma(s) 100,50 seems fairly clear. They are sitting at 23 ish, that’s the nexts one to get hit.

Then combine this with the last offer of 33p, all were no where near where we are now.

@Not2sure check the chart, ma showing we should be heading to 25, trajectory should be 15, 19, 23-25 ish. 😉 then ratification!

This should read brakes! In an AI world auto spell should just broody fork!

I give in!

Mondays gonna be fun! 15p, and we should actually be 23-25p.

GLA and I hope you all have a good weekend!

I think the breaks may come odd in the last hour. Let’s see 13.50 plus, hoping for at least 15 before Tuesday. GLA.

Ooh and the subsidiary committee cannot extend the 21 days.

It’s two separate reviewers:

1) subsidiary committee for royalties (must be done by or beer 21 days).

2) the lands ministry reviews the lease.

The 21 days rule is just for the subsidiary committee to review the royalties, that is a hard duration they have to it. . If they review and feedback sooner and the lands ministry is happy with the lease, then the ratification can be voted on.

If you are referring to the mining lease ratification. The law as per below is being changed so it won’t be rejected.

Short answer nope,

the Lands ministry no longer owns the legislation, parliament does.

no body can change the legislation.

Parliament can only annul it.

Subsidiary review committee can only advise. (They are engaged prior to submission).

Minister can withdraw, to save annulment. Vote. That would be embarrassing.

it was in the parties manifesto, and submitted by the ministry.

The majority party came out and have repeatedly supported the new approach when the opposition challenged it, on several occasions.

Can you clarify? As the legislation is submitted and it’s just a countdown till it passes 20 sitting days. Did I miss something?

It’s a 2:1 ratio to reflect the seats in Parliament or 12 out of the 18 members on the committee are members of the majority. Not exactly difficult to see how that will play out 😂

As of the latest parliamentary reorganizations in early 2025, the committee is led by the Majority party (the National Democratic Congress or NDC in the current 9th Parliament):

Chairman: Hon. Collins Dauda (NDC), who is a veteran MP for Asutifi South.

Vice Chairman: Hon. Sanja Nanja.

Ranking Member (Minority Lead): Hon. Kwaku Ampratwum-Sarpong (NPP).

Committee Composition & Majority Control

Majority Lead: Yes. In Ghana's parliamentary system, the chairpersons of most select committees—including Lands and Natural Resources—are selected from the Majority party.

Proportional Representation: The committee is composed of 18 members. By standing order and convention, committee seats are allocated based on each party’s numerical strength in the House.

Voting Power: Because the majority party holds more seats in Parliament, they also hold a majority of seats on the committee. This allows the majority to exert significant control over which recommendations are sent to the floor for final ratification.

If you check my previous posts, newmont (gold miner) is actually under the new rules and can’t see much noise about it. Again though it’s the stability agreements that have the biggest impact to them, from what I can see.

That sliding royalty scale will pass automatically in 21 days. Or 20 starting from the 3rd. It can be brought to a vote to expedite.

On the mining lease ratification, they can only delay during the committee stage. However what is the point, and similarly the minority don’t have the seats to block in Parliament.

What will be the big hitter (as I see it), is the removal of stability agreements for existing mines (gold). This will be voted on in parliament, debated, not sure how much sway/lobbying the mine companies have in gold. Rumblings of restrictions on future investments/expansion. Also not sure how many MPs will object/represent mining company agendas.

Supporting this look at the dates for newmont, min expansion (investment), operation, deal expires, production ramp up 2026.

As of January 2026, Newmont is transitioning to a higher, progressive royalty regime in Ghana, with rates rising from a previous 3%–5% range to a 9%–12% band. This shift follows the expiration of their Ahafo mine's stability agreement in December 2025, subjecting them to new, stricter terms that can triple the royalty burden when gold prices exceed $4,500 per ounce.

he most recent major extension is the Ahafo North Project, located about 30–50 kilometers from existing operations.

First Gold Pour: September 19, 2025.

Commercial Production: Declared in October 2025.

Mine Life Extension: This $900 million investment adds an initial 13-year mine life, with production expected to reach full capacity by 2026.

Worth noting though the government need to push through the law, while gold is high.