Member Info for Mattk6

This idiot NorEscO makes me laugh - only ever posted on here (at least in the last 2 years), claims to have sold out years ago, and yet continually comes back on here to pass comment on things. And he thinks we're the stupid ones! There must be better ways to pass your time mate...

2 things I don't understand:
1) As Licence 19906-HQ-LEL (Handa Resources) and 24958-HQ-SEL (Zaco) are not up for renewal, why have they not started drilling in these areas? Does that mean ALL Zambia licences are part of the Anglo deal? I don't think it was ever made clear.
2) As the Zaco licences are current and just 'due for renewal' rather than 'new' licences why are we having to wait for the new applications window to open on Monday?

Getting really sick of just reading constant negative comments from Ella & Peggy on here. You are 2 very sad individuals. If you don’t rate the company don’t buy the shares & just peace off. Really don’t care to hear about Mushinge any more as well. He is gone now & I don’t give a flying feck what he does any more. Anyone got any real news?

I can accept that the Anglo deal is taking longer than expected (by me at least!) but it does concern me a bit that we've have no update at all about the next CASA payment of $125k due by end of July (was this received?) or the $1.25 million in listed stock due by 28 July 2022 (were the shares received? what is their current value?). It seems odd that neither of these were mentioned in the recent RNS.

I'm not really sure why some posters are determined to sow seeds of doubt on here. The fact is that the deal has 100% been agreed with Anglo American it's just the execution of the Joint Venture documents which is taking some time. In an ideal world everything would have been sorted by now and drilling started but at the end of the day whether it's now or next month it's happening soon and then things will move fast...

Travelcard - The exclusivity period is stated in the RNS of the 12/05/2022:
'An exclusivity period has been agreed for up to 90 days to allow for due diligence, and up to an additional 90 days for the negotiation and execution of the Joint Venture Documents.'
So 180 days as a maximum, but as we're about half way through that I imagine the signed agreement will be announced within the next couple of weeks so that drilling can start before the end of August.

Yes, understood. It's obviously happening, it's just that these things take time. Hopefully the Market in general will pick up in the meantime before the announcement. Cheers!

yeah maybe...look at mine - it's all ranting about KEFI bloody Gold & Copper!
I personally think the JV will be signed off by Friday 15th July.

I think all steven49 was driving at is that it COULD take up to 180 days before an agreement is signed. I personally don't believe that, but it's potentially possible.

About 2 lines below where you've copied to, it says -
'An exclusivity period has been agreed for up to 90 days to allow for due diligence, and up to an additional 90 days for the negotiation and execution of the Joint Venture Documents.' Not sure why you are disputing something that is written in the RNS...

Fulmar29 - He's quoting directly from the RNS issued on 12/05/2022, so it's not incorrect.

To summarise:
Nothing happening for at least the next 6 months. They are probably hoping the civil war kicks off again in the meantime so that they have a new excuse to delay Tulu Kapi. I hate to say it but I really think this is going nowhere and they will lose the Ethiopia licence in July.

So tucked away right at the end of the RNS published today 'this paves the way for full construction in Ethiopia from October 2022 at the end of the local wet season, with the initial signing at end June 2022'. I thought they were in a hurry to get started? This is exactly the same time-frame as they had for 2021 (and we know how that went). In the meantime the company will be happily burning through the cash from the latest huge fund-raise....

Just waiting for Portfolio Power to come on & put a positive spin on this b*ll****. This company is a total disgrace. There is no way funding will come by the end of Q2. I can feel another ‘after the end of the rainy season’ RNS in June sometime…

The share price is going nowhere until the money comes in so I suggest you stop wasting your time trying to pump this PP, no-one believes anything in the RNS statements any more as it’s been 2 years now of ‘nearly there’…

Had to laugh at the 'been tracking it for years' post earlier by PP. Anyone genuinely tracking this one for years wouldn't touch it with a barge pole. The thing that concerns me is that with the consortium supposedly in place for almost 2 years we are still at the 'non-binding' agreements stage. No-one seems to have actually agreed anything and this 'drafting of documents' palaver is just dragging on for ever. If someone farts in Ethiopia it will push things back another 12 months it seems. Still, I live in hope that this will one day come good.

Yeah I thought that as well back in 2019. Anyone remember this interview from Feb 2020 when first the first time Harry could 'feel a tail wind' and we were 'at the top of the mountain heading down the slope'?
https://www.youtube.com/watch?v=IUwgpgK9g4k

*ok so there was Covid but at the time not greatly affecting Ethiopia and hardly at all in the Tulu Kapi area. If this had been done like Harry said it would we'd be in production right about now just when Gold has hit $2.000 oz. Instead we have nothing and construction has not even started. The only thing that's happened in the last 2 years is that the number of shares has doubled...

Oh Porfolio Power give it a rest, you're pushing this one way too hard. While we're quoting directly from an RNS - what about this one from 1st July 2020 'we will not allow any distractions from achieving our target to close project financing in October this year' - that's 2020 remember - before any Civil War, Covid, States of Emergency etc. Why didn't it happen? no explanation. This may come good but there's still a lot of doubt and so many missed targets while 'finalising documentation' continues ad infinitum...

Simple answer: Years of bullsitting by the company about progress...