Member Info for laxeymouth

Once upon a time there was 2 Goldies ... A Major and An Explorer.. Big Goldie and little Goldie... One day Little goldie found 32moz of gold in a hole and Big Goldie said.. 'we can make $1bn each ...' Why don't we give you $150m that you can ONLY use for exploration costs, licenses and a EIA report on OUR joint project..but the money isn't yours..it's to build our project with. Little Goldie said "yes' ..and it's mcap then went from $30m to touch almost $500m in the space of 3 months.. It then settled down to a more reasonable $280m but the gold remains in the ground...and it's likely to stay there...at least in the Goldies lifetime.. The Shareholders?? Oh, They lived happily ever after.. The End..

Cash balance must of shut a few mouths ;))

GE put $200m + on the consortium table for Lamu taking 20% of 1050MW in a very disputed project which is on a Unesco World heritage site and has now been reduced to half of that capacity with Kenya Gov citing oversupply... So will i be allowed to say they are 'bringing' $200m+ to the table for a project not much bigger than ours ? (for now..) They have 30% here (for now).. Oh , then we have CMECs 30% contribution...(for now).. Oh, Lamu is transported coal too... We have 4.4bnt.. THAR was different ... It was supply only from GE but as GE have become more absorbed into the B&R taking the equity stakes in projects like ours seems a new direction from them.. I don't wish to trigger anyone who dislikes the Lamu comparison but i feel they are there to be drawn.. A further trigger is the reimbursment of historical costs which i KNOW we are due ,as per the SEP deal and as per any consortium where *we* are the lead .. We have carried this project for years at a multi million dollar cost since it was a mere coal resource it is unfathomable we won't receive our costs (pro rata) returned.. We all know the SEP figures and following this model is alluded to in the April (i think) Rns.. We have a pitch perfect location to put our much needed project with brilliant economics as part of 3 member party also containing General Electric and China Machinery Corp.. Goodwill stretching from Bejing to Washington regards Mozambique making this a deal with an almost enviable geopolitical backdrop..not often those 3 words are mentioned together in a sentence which also contains the word 'Africa'... No one knows GEs ultimate intention here or CMECs but even as we stand at the station we know it's going to be a hell of a ride.. Don't sweat the SP.. This market is going to get one hell of a shock when it wakes up one morning to the sheer scale of what this amazing little company have accomplished..Gla

Drought beating electrical needs met in North along with all the golden industrialistion opportunities it brings and a 1bn hard cash over 25 years with hundreds of proper job prospects post construction....... O.N.

https://audioboom.com/channel/sharepickers

New one !!!! Cheers Coco..

I'd pretty much go along with that 100% Gods ... The tariff acceptence puts us beyond ever being 'africa-ed' .

Maximum wait here would be to 30/6 when our full year results land and boy do i expect that to be a frikkin BIBLICAL read containing all we need to know regards ownership percentages and incoming monies..but it says mid June for Hannos and GEs trip down to the Ministry carrying their 1.1 BN (!) promise and given that , on acceptance , marks the end of Due Dil then yep i would think this deserves it's own Rns.... In the meantime over next few days some more slow weight gain is nailed on quite frankly with no placing threat hanging over us , on our 'turn for home' , excitedly waiting for the clincher to be delivered by a real BoD..

Wow... take that down to the Ministry Hanno..and let's wrap this baby up !! O.N.

You guys know PANR inside out and i have learnt a great deal from last few posts .. i agree we'll have to wait to see what unfolds as atm there are so many variables but alluding to what GG says , does anyone think Jay could call a 'strategic review..' ? I have seen many a dog bounce as a result of this although they always ultimately leave the SH underwhelmed in the end because expectations get set very high from the initial Rns which almost always contains the line 'listening to offers for the entire asset/project/license.." ...Regardless I am still convinced there is some good news out there somewhere and we had a nice bump on Monday on a fluffy Rns so we'll fly on good one. All to play for still imo.

Lol fwiw i reckon sell but the buying in the afternoon certainly shot some holes through it..i'm glad it's out the way..From placing price they've done alright... remember guys we saw huge sells at 3p ,4p ,5p, 6p, 7p..Did we panic? Did we fk... ;))

https://audioboom.com/posts/6841604-ncondezi-energy-nccl-erris-resources-eris-and-russ-mould-on-rcn-nicl-mcl

Yes Alex a relisten to Hanno always soothes.. in the interview he says "we are already further along the road with GE and CMEC than we were after a 3 year process with our previous partner..." He says Financial model completed at May end BUT says "I expect a few Q&A sessions after that when our Partners will sign off and that leads us to the Ministry in June with our most competitive tariff".. Approvals granted = end of due dil = JDA signed. Of course there are bits of this that aren't directly in our control and no it doesn't sit easy with me but the facts are GE & CMEC have met every single deadline provided so far after their unsolicited bid , parading us in Bejing at their Silk road GM and site visits in 90oc heat and Hanno is just God-like so we have no worries anywhere on Team Ncondezi... It is now about what it has been about for 2 months and that is the Tariff envelope being accepted but he doesn't sound concerned at all..He sounds as though he knows he will knock em' dead...Gla

Nice find Rich .. "firmly committed"

Mugged .. again ..lol..

Lol Splatted ... i am picturing GE have boxes of embossed , brand new unchewed Biros .. without any earwax ..lids and everything !!

Hanno said he had ALL the information he needed in order to complete his financial model which was targeted for completion end of May.. This stage of proceedings is unique in the process as it depends solely on us and not GE or Goverment... Now we are working towards the tariff envelope which IS back in the hands of a external entity regarding acceptance but i would expect it to be all signed ect by June 30th in our final results ... That then concludes DD and leaves us days away from JDA signing as end of July is only a contingency which we hopefully won't need..after DD is closed other than not having a pen handy i fail to see what can delay after that.

https://liveservice.lseg.com/node/115

https://mobile.ghanaweb.com/GhanaHomePage/NewsArchive/WACAM-urges-gov-t-to-stop-Goldfields-Contractor-Mining-move-635108

Read quite a few articles regarding the differences between owner mining model and contract mining.. Hanno mentions the added cost of buying the Caterpillars ect upfront which is considerable but some Companies decide to do it halfway through which is more expensive .. Some companies revert back to contract mining as the mines age.. I gather the real reason though is that it keeps the locals and local Gov sweet with real jobs and prospects rather than be self employed by a contractor and have no rights at all ..