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Oh and £335k in directors share based payments.

So not only will the £1m be used up on these items, we will need to find £75k from our savings.

That enough detail for you AA?

AA more personal abuse from you.

So Chris has said G&A of half a million. So that is half gone.

We know Gneiss are on a retainer (I.e. money for producing nothing). This is open to speculation as the details have not been provided. My assumption is that it will be I. The region of £20k a month. So over 12 months £240k.

Let’s be honest, the recent cash injection will be used mostly to keep the lights on and the BODs appetite for remuneration satisfied. Maybe a few 100k will be slung the way of gneiss.

Not much left over for anything to add shareholder value IMHO.

I enjoyed this quote on BBC news

"Quite frankly, some of these people, rather than gluing themselves to a road, it's time they glued themselves to a job or glued themselves to something productive."

Lol ok, you have answered my question.

You are not a practical man I think. More of a dreamer.

Chilting - I don’t think anyone denied climate change?

There is a lot of hypocrisy out there.

Everyone loves Amazon for burning oil delivering little parcels to their doors every day.

I am feeling a distinct shift to a more practical view of the transition in the media.

Chris - you have made a claim and you want me to do the leg work??

Or should we all just believe you that there is a white knight out there??

Hi big pot - so that idea out the window then?

We are struggling for buyers that will be interested in Ruvuma and Zubairs I think?

Still no names being suggested

What sort of names do you have in your fantasy frame Areola?

Can you name a few please Chris?

Hi strean your proposal is a fantasy I think. Obviously great for SCIR but I can’t see why the other party would do us the favour. They have what they need which is a grip on this project and a weak party they can outspend and force a relinquishment.

Yes I don’t think results will do much for us to be honest. The big earnings will be in next years results.

Need progress on one of the projects IMHO

The problem here is not the resource. It’s getting it out of the ground and to paying customers.

Removing those risks will raise the SP, but this is Africa gents.

Last week we took a substantial haircut on monies owed. It’s not good.

Chris

If the CoS is “extremely high” then why would success make the asset worth 3X -4X?

Seems you are over egging the impact of this drill.

If there is no risk then there is minimal reward.

You are misleading people.

Chris

If the CoS is “extremely high” then why would success make the asset worth 3X -4X?

Seems you are over egging the impact of this drill.

If there is no risk then there is minimal reward.

You are misleading people.

Jan,

Just to be 100% clear. HMRC keep 40% of the cash flow from 1st jan 2021.

Your post at 1546 reads like you think otherwise.

“I don't think I put a date on when you actually get the tax back.
However I understand that It is taken off the price paid for GE on completion (now). That's all the tax benifit on the revenue since January. As HMHN says it should knock the price down by around $100m.“

Chris

That is a very silly and misleading post.

I will give you the first outcome as a possible scenario.

However the second outcome is problematic:

1. The work programme is to reduce risk. What if this goes the wrong way?
2. You are ignoring the dilution needed up to point of disposal. It could be that the MC rises and the SP falls (as we have experienced here already).

Lol Chilting, I think what you are on about boils down to,

“when there is good news the price goes up”

Well, duh

And reflexivity, which is not exactly rocket surgery either.

Jan I believe you were saying that the purchase price is reduced by pre tax cash flow at 1428. This is not correct

Romaron - stupid questions can be good. Perhaps a little blunt of me, apologies for any offence.

Yes Frank, Chris, that is the bet. Sale or no sale.