Member Info for mrcarrick

I just donated to the charity and left his name in the in memory of section.

Don't normally post but this is a good one above.

Aligned with my thoughts as well.

Do one you muppet

Article here:

https://www.miningweekly.com/article/ethiopia-revokes-licences-of-63-mining-companies-state-broadcaster-reports-2020-12-15/rep_id:3650

EUA licence proof here

https://twitter.com/r1exg/status/1340319849201987590?s=21

Calm down all. I'm buying £20k more on Monday. Let's get this going again. DFS due soon.

First visit to LSE in a little while and some stories on there that make you put things into perspective. Some real genuine people who can make their lives better through EUA.

I hope you derampers/shorters/scaremongers take notice and realise this means a lot to some people.

Good luck to all genuine investors.

What are doing here again 9inchchode? If I'd have listened to you I would be crying every night realising I could have made hundreds of k. Instead I laughed, ignored what you were saying and made hundreds of k. Funny life isn't it.

Not good Mark and as normal from the plonker Randeep. I sold a while ago but always keep an eye on this. Hope you can salvage something from this.

Got to be a sign hasn't it?

Time to load up. Deal coming.

I'm still laughing as I roll around in my beautiful motor that I accidentally bought after my accidental long on EUA.

Good to see an up day here. Added twice on Friday.

Just saw a code 1.

No need for CITIC anymore. Are the morons still on this board saying this is bad news? I don't dare look but you can bet the guys that are short are. Goodbye house, goodbye savings............

https://twitter.com/Investor1985/status/1278054278641393664

I agree Ponkey. Something is odd and I can't figure it out. Must be a massive sell. I bought another £3k myself but why is it not shooting up with all those buys at 0.9p?

The Lock-In is being entered into voluntarily by His Highness and is effective from today for a term of 12 months (the "Restricted Period"). During the Restricted Period, pursuant to the Lock-in, His Highness has agreed not to sell, transfer or otherwise dispose of the rights to any of the 200,000,000 ordinary shares he has confirmed, by way of execution of the Lock-in, that he beneficially owns in the Company. The restrictions on disposals also covers any ordinary shares acquired by His Highness and his private office during the Restricted Period, which, for the avoidance of doubt, also includes any ordinary shares acquired via the exercise of warrants.

You'd hope the lock in agreement would.

Based on*

Tend to agree with DGMartin on the cash side based not the financial results RNS:

The Directors have considered the cashflow requirements of the Group over the next 12 months and believe there are sufficient existing funds to meet overhead requirements. It will be necessary to raise additional funds to bring the project to financial close.

A 'lights on raise' as mentioned by Jstar is nonsense. We need money for our part of the project which the directors said would be via debt with minimal dilution to shareholders. This is from the conf call RNS.

Jstar, why do you think they need to do a raise soonish? I feel they won't need to do one based on the statement in the results saying they have enough funds for 12 months for overheads.

We know they we will need to raise money via debt or placing before construction but I don't see this as soonish.

Am I missing something?

From the RNS:

The Company is cognisant of other opportunities in the power and natural resource sector and intends to capitalize on the experience of its team, to develop other commercially lucrative projects, with a quick turnaround and high returns.