Member Info for NatCoalKing

Without actually seeing the licence, which us minnows haven't seen, I would have thought that it could be as open as the processing of the tailings. So, as long as they are being processed, if just for zinc, then I would have thought that the conditions will be satisfied.

Good tactics then to get that aspect up and running to satisfy the conditions to protect the licence, which is key.

Again, the JV will have obligations on the operator, ie JLP, to not breach the terms of the licence, so they will have to crack on with complying with their terms.

Good to see JLP being proactive with the ZG.

Could do with seeing some up to date photos so we can see the progress being made on the ground and JLP committing fully to the project as it doesn't seem to make sense that they are getting on with things and all of their efforts so far, without fully committing as yet.

It would be good to get the new Nomad news sooner rather than later.

Yes, there has been a notable increase in the number of trolls whilst we have been suspended and expect it to increase in the next couple of weeks. We've heard it all before over the years so it's all water off a duck's back for the long term holders. It's laughable at times.

Jlp are cracking on with the zinc circuit. Some capex reduction and improved grades coming. What's not to like. Not sure about the licence conditions but they might be able to get away with just implementing the zinc to satisfy the strict conditions. That way, they can perfect the lead and vanadium process with the pressure off. Zinc is a good one to go for first up anyway as we can make the zinc fertiliser as well as the purer zinc.

Jlp have been incentivised enough by BMR to make it worth their while in getting on with things to the mutual benefit of both companies.

Interesting times ahead.

Thank you for taking the time to post that.

Sounds pretty positive to me. At least we know something needs to happen by early August.

Onwards and upwards.

Lol. That post certainly was a load of old boilocks!

Thanks bjlabuk

Doesn't Rule 41 apply if a company applies for cancellation? We haven't done that. The six month time limit is in place for that scenario to make sure that the cancellation process doesn't go on and on.

Otherwise, I can't see any 6 month time limit issues other than reverse takeovers and submission of accounts. WRN have been suspended for over 3 years and are still listed.

We need a new Nomad in one month, that's for sure.

Which rule is it bjlabuk so that I can read it? Couldn't find it when I looked.

We need a new Nomad within one month OR readmission. We don't need both.

Out of the two, I suspect that it will be a new Nomad as we are "in advanced discussions" with one.

Appoint a new Nomad and then we just let JLP carry on.

There, panic over.

I think an EPB is needed to deal with the V as they have only approved Pb and Zn so far. That will take a couple of months for Zema to approve so, hopefully, that can be submitted to them sooner rather than later.

Processing V from the off would be great news. That's the real jewel in the crown for the value of the tailings.

Looks like a Bed and Isa to me. Just someone happy enough to use their entire year's Isa allowance, confident of getting a good tax free return on them.

Thanks for taking the time to post your phone call. Hopefully exciting times are just around the corner.

Looks like LSE have updated their system again. Since your post, I have a few messages saying post has been removed and recommended that I adjust my filters to view them. That made me chuckle - they have been put on filter as I have absolutely no interest in hearing what they have to say!

Jlp's RNSs are usually on the rampy side. Bmr's are usually played down. The truth will lie somewhere in between.

Looking on the bright side, at least the delay in nothing to do with BMR this time, it's JLP that are delaying. Maybe it is tricky doing business in Zambia after all, if the mighty JLP cannot get an urgent seat at the Mining Ministry's table.

Shame we didn't get involved with Blue Circle. That would have cemented our relationship with the Mining Ministry better.

RNS out now confirming the transaction. If they'd tried selling that amount on the open market, Jlp price would have collapsed and we'd probably got about 2p for them. Good result all round.

At the 2.50p figure. Sounds fine. Nothing to see here! We can all move on and start getting excited for our imminent return to trading in the next couple of weeks.

Don't GLR need a mining licence if they are going to mine it? All they have at present is an exploration licence.

I beg to differ. I would prefer to have (perceived) poor management with assets than a (perceived) good management without assets.

News is very close if the number of new numpties posting here is anything to go by. Should be an exciting week coming up.

I see the lunatics have taken over the asylum!

Winner will be the first one, between BMR and JLP, to reach a share price of 10p. Bragging rights can commence at that point.