Member Info for mcfcnige

Hi Ed,
Hopefully we can make progress to that figure during the coming weeks.
A couple of good RNS,s will definitely help

Cheers Ed,
Fingers crossed it will be a good few months for us.

Just going to Mambare, what would you estimate our share being worth?

Thanks Nige

Good post Ed,
It will be as an exciting couple of weeks for us, hopefully we can find something?
I am a curious what has happened to the presentation and rebrand, SK suggested end of March time and we have heard nothing since?
Maybe they were waiting for drilling to start?

In regards to a 100 bagger, I would be very happy with 2p :-)

We are nowhere near at the moment but stranger things have happened:-)

In any it’s a muted response from the market

Good find CF, news release says they are drilling 7 holes .

Hi Ed,
Nevermind, I thought we were on too a good thing for a few minutes:-)

Fingers crossed, some news next week, I wonder if they are still doing the rebranding and presentation?

So in that case £16 mill would be the approx value of our share ?

Hi Ed,
Sorry I got it wrong, Mambare was worth £40 mill in 2011
Just found this paragraph from the Align report

Going forward, a good case could probably be made for Wo Wo Gap being worth roughly the same as Mambare – if not the full £40 million Mambare had in 2011-12, then at least some reasonable discount to that. With nickel prices strong and Chinese producers looking to have diverse sources of ore (outside the Philippines and Indonesia)

Thanks Ed,
They said it was worth £20 mil around 10 yrs ago.
You would hope it’s at least the same value now, so our 40% share should be worth around £8 mil?
There maybe some technical complicated reason for a slightly lower valuation but if they got £6mil that would be around 3x our current market cap?
Not sure if these figures are correct? :-)

Thanks Nige

Thanks Ed,
With the Mambare situation, are we forced by the contract to sell them our share, or can we just turn down there offer?
We have put all the hard work in place with the offtake group, it would be a shame if we have to let it go at book value?

Hi Ed,
What are your thoughts over the coming weeks, it’s gone a bit quiet?
Thanks Nige

Well said Mike, need info on this O and G asset too,

Remember SK said “ weeks not months “ for news

Very quiet now, I would imagine there is a lot going on behind the scenes trying to sort out some short term finance.

Very possible with a bit of good news?

Some chunky sells today, are we sure that LO are out?

Is there a grace period where new investors have to disclose a holding over 3%?

Hi DC, to be honest I thought we would have had more info on the Brazil project?
Maybe this issue with Mambare is priority ?

They said this qtr due to Aussie hot weather.
It’s cooler now, so hopefully we will get a timetable soon.
We should hopefully be hearing stuff on the rebrand and O and G asset soon.

I think they still have a chuck left, the next RNS should say below 3%

Just dropped so probably another chunk sold