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Great news Pdub, never give up , so pleased for you and your family.
Judgements made in relation to accounting policies
Determining whether an exploration and evaluation asset is impaired requires an assessment of whether there are any indicators of impairment, including by reference to specific impairment indicators prescribed in IFRS 6. If there is any indication of potential impairment, an impairment test is required.
As disclosed in note 13, the Mokopane license held by the Group requires that mining operations commence prior to the end of January 2021. As at 31 December 2022 no mining has taken place at the site. Based on the conditions included in the mining right, the Group has the right to apply for an extension to the requirements to commence mining activities and an application has been submitted to the Department of Mineral Resources and Energy ("DMRE"), however a response has not yet been received.
Based on the mining right conditions, including that the Minister has to give written notice regarding a potential suspension or cancellation of the mining right and that the Group has the opportunity to provide reasons to the Minister on why this should not occur and the remedies put in place, the directors are confident that the extension will be forthcoming and the license therefore remains valid. Consequently, the directors have made a judgment that no impairment of the related intangible asset with a carrying amount of US$53.47 million is required.
If you're not happy with your investment here why don't you just sell up and Foxtrot Oscar and stop pretending that you're a). A shareholder and b) you're here to save our souls and rescue us from poverty, rabbiting on and on about 6 months old accounts and putting a negative spin on everything....jeez TB you're worse then my ex wife on one of her good days.
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"Bushveld and Primorus have agreed in principle to vary the terms of repayment such that Bushveld will make the repayment in cash as opposed to shares on the following terms:"
https://www.lse.co.uk/rns/BMN/convertible-loan-note-update-snc06jh7s7jtl3y.html
Trolls were hoping to pick up cheap shares to close their shorts...ouch!..could get interesting on Monday,
I cant remember the exact numbers now Pdub and cant be bothered to trawl back over old ground, but you are correct about getting Lemur to buy Brits before the hostile takeover was completed ensuring we controlled the strike extension.
John Meyer of the Spangles described the Vametco deal and the event's leading up to it as the cleverest that he had ever seen.
" First, Lemur - what a horrendous waste of money. "
We only bought Lemur to inherit their cash balance and delist them, it was a hostile takeover that netted us a very large profit.
He made a fortune.
Trashing your own investment is akin to having a s*it in your own bed every morning before you get up.
But if that's what floats your boat hey it's your bed!
VRFB's now scaling up to over 1G MWh in China.......that's massive.
https://twitter.com/VSUNEnergy/status/1677331114531102721?t=v4T2DhX-WtkBswMxs-_7KQ&s=19
No
Largo has production issues, down significantly on previous years and more importantly LOM issues with declining grades.
Dyor.
Vanadium stocks to own.
Bushveld Minerals (Ticker: BMN) Second Largest Pure Play Vanadium Miner
Bushveld (LME:BMN) is the second largest primary vanadium miner in the world with two of four operation vanadium processing facilities. Bushveld is operates out of South Africa through two subsidiaries, Bushveld vanadium and Bushveld Energy.
Bushveld Vanadium owns the vanadium mines and processing facilities. Bushveld energy operates a mini solar grid, a vanadium battery electrolyte manufacturing facility and an indirect ownership in a vanadium battery supplier.
Https://capital10x.com/the-vanadium-market-is-coiled-like-a-spring/
Oh Maurice come on you used to be a source of amusement and your post's were always a good read.
But now you've become obsessed with trashing BMN , you're not even invested long or short, why have you become a SSF?Get-out on your bike and enjoy life more.
Maurice posting BS unbelievable
Must be an Aussie
I see that the shorts are posting to try and save the shirts off their back.
Don't fall for the carp 40p was the time to short.
Taking the SP from the recent high of 5.6p down to 2.8p gives them a 50% return the same as 40p to 20p.
You only get to see whose swimming naked when the tide goes out.
Dyor.
AGM without any published accounts to answer to, bit of a farce imo.
Could be suspended on Monday.