Member Info for myfirstmillion

It's actually quite funny, you've got Brad on here relentlessly optimistic and Donkey on advfn relentlessly pessimistic. Both completely deluded and barking mad yet neither of them can see passed their own madness and the funniest aspect by far is how they wind each other up. Cracks me up.

For every seller there is a buyer Levi

Thanks Dcat80 for your detailed reply, much appreciated.

If there was any reasonable quantity at surface they'd be including it in the figures.

"so I suspect potential buyers have little faith in the figures until they are in black and white"

Except of course the bloke who bought half a million quids worth ;)

Dcat80, what are the advantages of processing on site versus the cost savings of processing off site. Sorry if this is obvious but I'm still learning when it comes to mining stocks. I'll have a guess that if you process yourself the upfront Capex is higher but you can sell the final product for more?

I thought apple broached the subject in quite a humorous manner. I was about to be a lot blunter. You do seem like a nervous Nellie rabbit-caught-in-the-headlights at the moment beautyp, what does the 'p' stand for? Panic?

I wouldn't worry I'm fairly sure you'll make some good money here if you can calm down a bit and have some patience ;)

I think it was me that first mentioned the amount of speculation on here and how it sometimes did us a disservice and I took some flak for it, which is nothing new because I always speak my mind.

With regards to the Copper, my thoughts are that if it's too expensive for us to investigate then it's probably deeper. I remember several times LR mentioning how he would love to drill a few deep holes to 'see what's there' so that kinda backs up my idea. Of course it's speculation too but relatively harmless as we're leaving it to someone else...

I don't know whizzer but I'd be very surprised if we get to the year end and still don't have news on either the Interim PPA or funding. As I've said I think it's absolutely crucial we get at least one of those sorted this calender year. Even more so now we have a timetable of sorts for work to start on the transmission lines hopefully, early in the new year.

Brad a week or so ago you said they can't sign the ppa because they need to get round a table together to negotiate. The results clearly say that the negotiations for the Interim ppa are done, the implication being that they now just need to formalise the document with their signatures. So you got that bit wrong, no further negotiation needed. Now today you're saying that we don't need the ppa because the BPC might go under. That's the thing with you Brad you keep moving the goalposts to fit in with the delays and help you create some story that allows you to believe that everything is fine. This is delusional thinking. We don't need the PPA because the BPC might go bust, we don't need funding because we'd have to start paying the loan back too soon. We don't have commercial gas flows because they underestimated how much water there was. You're completely and utterly self deluded man. I don't know whether its because all your other investments have bombed and this is your last hope or whether you always think this way but you're not thinking clearly at all.

We do need the PPA and if the BPC go under guess what we negotiate another PPA with someone else. We do need funding because early next year or possibly sooner depending upon the complexity and the number of bidders we will need to pay someone to install the transmission lines and if Lesedi is to ever release commercial flow rates they've admitted that they will definitely need more drill holes so we need funding NOW to be getting on with that so as not to incur even more delays. What about the solar element? If we had funding we could be putting in infrastructure but no according to you we don't need funding yet awhile, no rush. Utter madness.

Well whoever he is he's forked out over half a million quid for his UOG shares. Results out shortly...

I don't understand how or why the interim pp hasn't been signed. In the results the other day they said it has all been completely negotiated and they're just waiting for a meeting to sign it off. Surely if everything has been agreed then they can just sign in their respective countries using an international courier? The signing of this interim ppa would stop the rot shareprice wise and prove that TG can actually get something over the line in Botswana.

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Shed you've obviously waded in before seeing my reply. Yes it's a mature suggestion but unfortunately with this guy any formal protest via email will fall upon deaf ears I can assure you.

Syntax that approach was tried with BZT when the Bezant Action Group was formed a couple of years ago. The man ignored all suggestions and was extremely obstinate in his views. It had to be done his way, wouldn't listen to the group even though we had a considerable holding between us, I think near 20% from memory. He just plowed on regardless. Now he's no longer at BZT. I see nothing different here. In a year or so when we need extra cash to complete the PFS I'm sure he will have no hesitation in diluting us again at whatever the prevailing price happens to be.

know-it-all it was a joke mate. the fact I'm having to explain that now is a sad reflection upon todays education system

"Round it off ffs"

It's that sort of sloppiness that gets people killed!

I think most of ya'll have got ya targets set way too low unless you're looking to get out soon. I'm looking for over a penny but that probably won't be till near year end. There's not much resistance at .2, once that's broken next resistance is .4 ish and then it's a clean unhindered path right up to 1.05p

Thanks for the link to the proactive video Bricks. I hadn't seen that one. He does state it clearly there but in this day and age it's easy to miss one video when you're bombarded with content daily and are following several companies. So our CEO could have just reiterated that when someone asked him the question about PFS funding but chose not to.

If the warrants are taken up that will hopefully give us the cash further down the line to complete the full PFS as you suggest. Of course that relies upon the future share price being above the warrant strike price, something which cannot be guaranteed.

Trade

As Bobby says they don't necessarily have to release via RNS but to direct someone to a proactive video isn't the answer either.

If you're asked a direct question to clarify an important point why not just answer the point? He could have said "I can confirm the money raised will fund the the entirety of the PFS". One short line and complete clarity. Instead he chose to refer to a proactive video.

There can only be two reasons for this that I can see. Either the full PFS isn't funded and he knows a whole load of other questions will (rightly imho) follow as to why they didn't raise enough. Or he is showing his usual dismissive attitude to retail investors in that he can't be bothered to confirm as in his mind he's already covered it once before.

If they didn't raise enough that begs the question why. If you needed more than fifty per cent dilution to raise enough then they should have taken it to an EGM and let the shareholders vote on it.

Taking a gamble that we'll get EU funding to complete the PFS, if that is what they've done is a huge gamble.

Has anyone found the proactive video LR referenced and does it clarify this very important point about whether the PFS is fully funded?