Member Info for NelsontheDog

Forgot to mention that the boat consumes a lot of fuel...(thats salary wise no fatshaming here)

Hindhead, Stas,

I very much liked the fishing analogy also - I suppose to incorporate the BOD into the analogy, in order to fish, you have to be happy that the fishing vessel is seaworthy. In this respect, a lot dont like this boat but it has been floating in the water for some time. Its steering precision can be temperamental but appears to have the boat facing the right way now and of recent there have been no radio signals. The boat has new nets paid for by loanshark loans.

NtD

To price may be provided by the July production figures.

Personally I will be pleased with a number same as June given the GGS work disruptions to production on some of the biggest producers, but if lower, we may get a morsel of update on GGS impact.

Or, we may raise figures in which case excitement will lift the roof off the current share price range.

I mention this over and above other items such as JV, RBL, wider updates as its due, due around now.

On a secondary point, I am not an Art fan but I also understand why he has shut shop on comms given the past year - personal attacks aplenty and he will feel their impact much more than empathise with the suffering of LTH. However, us LTH's are badly wounded and suffering pain - if he is sitting on good news it would be a nice morphine dose as we start a healing process - to have some PR effect now applied rather than only breaking cover after the results flow through - Come on ART -remind me why I strapped in!

I agree with comments around no market reaction implying they know. But sometimes they don't - we are very small so our coverage could be low to non-existent by many.

Also in this (now very long) downturn, there is so much value in many stocks - the little speculative money people are willing to punt may already be allocated to sound future winners - and there are still a lot of people only moving money to more certain areas - ie more concerned about wealth retention than wealth creation. So even if you thought there was a chance, you might let this one go.

That said, if a deal is announced that puts PAT in play, there may be more than PI's wanting to gain a foothold.

I still believe these odd DD extensions imply we are close to something - that doesn't make it a certainty but it does provide a unique to small cap investing situation where us holders speculate and surmise (as above) creating our own perceived opportunity and timeline and then struggling with our patience against it - paaaatiiieeence!

Being candid, I could really do with taking money from this position soon to meet obligations, but I want to see this play out first - so this week / Tuesday would be great great timing for news either way.

GLA

NtD

I know people usually discount Fridays for big news, but if there is a deal for PAT - Friday is perfect as there will be big press coverage in the absence of other news (plus it would also allow LTH's to nip out on Friday to procure a bacon and egg butty, bottle of champers, a cigar and pretty much anything else that takes your fancy.

About 19m 20s in - [Zambia Government] expect us to move harder faster and bigger. They've seen the potential of what we can do, we employing nearly 500 people already for 3 years...they really are keen that we expand faster and are willing to support where necessary as they see the potential...

I do think the JV will happen but when and in what form is such an unknown that I simply have to discount it entirely in my day to day thought process.

Of the things we can see progress and expect update upon, the GGS and subsequent high pressure change to wells will I hope drive us to the high single digits in the next 2 months and potentially double digits if we see 2.5 times current BOPD.

Then there is the RBL - with increased production I would hope an RBL can be agreed as soon as possible - i think that could push us into the 20p+ range as it would draw a line under our crisis funding period.

So for me, plenty here in progress and in our control - a JV if it comes will be on top of this.

I averaged down very fortuitously in hindsight at 1.6p so my average is not just under 11p - of recent this feels achievable - if i wasn't on my allocation limit i would definitely take another tranche - especially if it remains sub 10p after a large increase in production.

Doesn't look like the BB believes BT anymore does it?

16.5p short - hahaha

Hi

I had a break and not completely up to speed on current position in regard to production - has July production been published as yet? If so, could a generous soul pass me a link to view?

Kitrash,

I take on board your caution - I am a long way from being an expert in this case or indeed with India based resolution management so it is very likely that you have a better view than my self-admitted guesswork.

So do you believe that this really is just LCM due diligence and nothing to do with aiming to gain settlement before this process begins? If that is the case, why the extremely short and now frequent extensions in your view?

Personally I am glad the market is missing this - if it started slowly drifting up, so does the pressure to sell - I will be very content if there is news with no prior rise. Also the BB is a much more pleasant space without an enormous influx of traders i think.

I am optimistic we are in negotiation and not simply sorting the funding. My personal theory - amended to the knowledge gained on this board is that there is a local partner (nee Gov mining company) who will split a deal with us (and cut for LCM) and GoR. It would be the local partner ironing out the recalcitrant agreements within the GoR- MB simply providing the looming hammer of the BIT court case (via funding agreement).

Otherwise MB wouldnt embarrass himself in the constant extensions - he is relying on someone else's judgement and ability to get the deal over the line -frustrating but probably the best route.

Overall this is a good indicator I hope in that something is happenning (as opposed to the quiet times of old)

For the first time today, I am nervous its our qualifying criteria risking the funding rather than any gamesmanship aimed at getting a deal prior to entering the agreement. MB knows the optics of constant delay are worrying so I believe we must be very close to something with GoR settlement. On the rare off chance that MB reads these boards - Good luck MB, keep going, I trust you and believe you will make the right choices for our future company.

Just because they extend a week doesn't mean its a week till we hear anything though...

Nothing changed overall though apart from my anxiousness - im not selling prior to news so have to suck up the delays and do things I can influence instead.

AtB

NtD

J'espere.....

And after your RNS amuse bouche, its time for the main course - not so much an amuse bouche, more a amuse portefeuille!!!!

Going to work in beautiful weather to turn taps slowly to the on position increasing production and knowing furthermore that as you do this you reduce the future demands for dewaxing and other mundane dull gritty work.

The last big variable to sustainability cash flow wise here was this GGS being commissioned correctly so this is great news. Its now a matter of when rather than if imho.

I'm still underwater but now actually sitting pretty comfortable with my position - we are going to rise in the medium term.

Shorters may want their last hurrah, traders may want lower buy prices but lets be clear, on fundamentals we are now on the up!

GLA

NtD

The increase in cash for end June is to be expected - COPL were getting ready for the GGS upgrades and therefore raising cash. This will have reduced in July as the (less than) $4.5m budgeted GGS upgrade occurred. However cash inflows should be okay with production rising and by the close of September I believe we will either have this number higher, or, there will have been news about using some of the proceeds. In short cash shouldn't be a concern.

Well I think this is the week when a settlement deal is announced. I think GoR get 10% share a local jv operator gets 35% and we maintain control, and politically good for India so no loss of face.

I think we’ll know by Thursday tbh. Too much funding delay - if deal were not really really close, why the only 1 week extension?

I think MB is putting pressure on the local jv partner candidate to get GoR in line and get it signed. If it wasn’t to push it would be a longer extension.

All imho but I would say I haven’t forecast this before and I have been here far far far too long!

Gla- just soaking up my surroundings so I can recall after the news what being poorer was like 😁

Hi Seis,

Also worth mentioning that depn is an allocation - it is not a cashflow and as such cash inflows will be better than the profit

As a future disruptor of the payments system its good that TNT has found the disruption - very embarrassing indeed. Thank goodness we are suspended and lets see what impact this has on the settlement - this clearly looks like an attempt to get your version of events out first when someone else is about to start an action.

Hopefully all clears very quickly and as said below this RNS is to appease new investment rather than rebuff some type of counterclaim

Id want to see photos of earth moving equipment and an arists impression of a hole in the ground...then I'm in - Lol

Done the groundwork here for a photo

https://www.google.com/imgres?imgurl=http%3A%2F%2Fmomandmore.com%2Fwp-content%2Fuploads%2F2011%2F11%2FScreen-Shot-2011-11-28-at-9.50.34-PM.jpg&tbnid=KHAzVLbnrU4BjM&vet=12ahUKEwi-zIy42s-AAxVjkScCHUuJAH4QMygDegUIARDUAQ..i&imgrefurl=https%3A%2F%2Fmomandmore.com%2F2011%2F11%2Fthomas-friends-take-n-play-rumbling-gold-mine-run-review.html&docid=gu9w4f2C_lDw3M&w=326&h=235&q=thomas%20gold%20mine&ved=2ahUKEwi-zIy42s-AAxVjkScCHUuJAH4QMygDegUIARDUAQ