Member Info for mikemike

I am back home for the weekend as baby girl got pneumonia so babysitting here and posting whilst her mother gets her head down after being night nurse.

Perhaps the RNS for the S Africa exchange is not deemed important enough for a proof read.:)) quite right too:)

Drax a change of name is a compulsory RNS

7.5 b, I prefer grammar:))

SYM

This looks like the end of the official housekeeping.

LC suggested it made life more difficult to be a miner rather than an energy focused business. Well that energy focus is now formal. So those who were stacking up waiting for this evolution will be happier with what they now see.

Ahhh

Then maybe you should have been. You think Zimbabwe is a missed opportunity now!!

Anyway, maybe KIBO might come to their rescue if the new old guy is for real

Drax,

As if you do know!. perhaps too long in Rhodesia?

Expectations that there may be a release of an SML during the week starting August 13th have been correctly attributed the mining minister. This is now in the public domain and can be accessed by anyone undertaking basic DYOR

Bromb do we have a reference such as this one in wiki?

https://www.spe.org/industry/docs/GlossaryPetroleumReserves-ResourcesDefinitions_2005.pdf

I think maybe a new floor of 10p after August 13th as I think it is possible that will be the week that is!!

All of a sudden the math looks even more compelling

1.5b @ 5$ pb =6b$ yes this could be plus or minus depending on how far the deviation is from ''mean price'' with close to 6 billion shares we are looking at 1$ per share= 75p.

All without HRZ shale or the value of Nanahsuk and Yukon conventional leads.

Dw a big thank you from me for not focusing all our eggs in the one shale basket.

For those who think that our finances are too tight, you could be right and would be right if we cannot get a farm out agreed this year for one conventional drill for 2019. This is the next key stage..if successful then finances are no longer an issue as 'back costs' will be part of the upfront payment plus a premium to cover one drill for multiple high value 3D leads. The Q4 options would then be converted. Finances would then no longer be a problem and would make 2019 a most exciting year.

Yes usual suspect at work. Anyway as I suggested earlier seems odd that at this stage an SML would be issued without a PPA as it is clear that both documents are linked. Both documents have to go to Cabinet for final approval.

Seems logical that both sets of documents will be signed off close to each other if not at the same time.

https://www.youtube.com/watch?v=OQfjIw3mivc

i

bchm

the RNS is REAL and FACT that is why it is being discussed.

So to answer your first ever post under yet another new name. No, I have nothing better to do, does that help?

Or the MM have knocked out a stop to fill a large order? the sell, price is way below bid

Chickster

anything is possible, including the grammar in the RNS being correct, singular not plural.

yaki

That will be any one or more of the usual suspects.

chickster,

if more than one farm out then I believe it would have stated;

'' are aiming to complete farm-outs prior to year-end'' that it did not is I believe key.

In addition the paragraph further down relating to HRZ makes it seem like many months, more than is left in 2018.

https://mozambiqueminingpost.com/2018/07/31/mozambique-mining-kibo-mining-receives-funding-for-moz-benga-and-botwsana-mabesekwa-projects/

Gillie many thanks for your eighty tome

I think you must have had your weetabix!! and maybe an extra one for luck:))

Jiddy

''The last ANN clearly stated that ICE HRZ and Conventional will be Farmed-Out in 2018. ''

Oh no it did not

The sentence is written in the singular not the plural and this suggests therefore it is either Shale or conventional. With conventional being the favourite to get the Q1 2019 drill underway.

A few paragraphs down the HRZ is then mentioned with months away for completed work. This suggest 2019 before we get a farm out as a prospective partner will probably not want to move until all the data has been resolved.

bcl42

ty very much

looks like lc at his most succinct, or is it pithy:)