Member Info for McHiggo

I'm very encouraged by the initial MRE, people forget how early stage this project is and how the resource will grow as additional drilling and exploration is done across alternate targets.

I dug out Mkango's MRE of Songwe when it was first released in 2012 and here's how it stacks up against Altona's

Mkango - 11.21 million tonnes at 1.95% TREO = 218,477 tonnes - NDPR 0.34%

Altona - 13.6 million tonnes at 2.42% TREO = 329,120 tonnes - NDPR 0.31%

This project should deliver a lot of value for holders as it progresses through PFS to DFS and the resource is sured up. I'd be very surprised if the scoping study came back saying the project is not economically viable based on the results from this MRE.

Once the scoping study is released Altona will also take on 51% control of the asset which will also significantly derisk the project.

Looks like the listing will hopefully be in March after they've completed the IPO raise. CTW has advised to email/ring him for info if you want to get involved, his details are normally in the RNS'. I think they want to get it boxed off pretty quickly. Let's hope this is the beginning of moving in the right direction

Although it's likely GCAT will require additional capital to further development I reckon it'll be at least 6 months away. They've got the updated MRE coming out, then they've got an audit/annual accounts to complete, after that's completed if they want to raise funds they'll have to submit a prospectus to the FCA which will take us up to roughly December, so I can't see it happening this year. By which point we should have hit the magic 24k oz pa that is being aimed for along with a (hopefully) significantly increased MRE potentially giving us other financing options. Personally I can't see it happening this year and if it does, it should be north of 2p when doing so. Ultimately Robbie is one of our largest shareholders and he won't want his holding diluted just like the rest of us don't want to be diluted.

I’m not so sure it’s as negative as that. I think the extended deadline of greater than a week should give us a little hope, it will allow an alternative funder to come in and the paperwork be arranged without having another deadline pass jeopardising the deal. I’d be very surprised if pvr didn’t have offers on the table given how promising Barryroe looks. They’ve also now got the data from the first site survey... here’s hoping the results were positive to help get a deal over the line

Well the last RNS was released at 7:56 so maybe this will be the same. I’d say an apprentice is getting the sack, but they’ve already got rid of everyone so maybe ToR just likes a lie in. I think if it was going to be good news they’d be shouting it from the rooftops as soon as they possibly could... draw your own conclusions... we can but only wait

I wholeheartedly agree... I was wondering whether they were planning on releasing it later to give the market less time to react before it opens. Or whether they are simply waiting for the AGM this week to announce anything. Either way, doesn’t seem like good news.

Another week another nearly identical RNS. I wonder if the unrest in Hong Kong has been causing part of the problem or whether APEC were ropey from the start. Hopefully ToR will have had another investor lined up for a while now and it will (finally) be good news next week. With the boat at the site and the money in the bank... here’s hoping!

Try again https://bit.ly/2XMbGfz

Link to Brid Smith's tweet containing the climate ministers reasoned response.
https://twitter.com/bridsmithTD/status/1146851585617776640

Hopefully if the money comes in tomorrow things could be on the up!