Member Info for nibj

Https://www.reuters.com/world/china-deepen-industrial-agricultural-trade-investment-ties-with-africa-2024-09-05/

from yesterday/today news

Https://www.reuters.com/world/china-deepen-industrial-agricultural-trade-investment-ties-with-africa-2024-09-05/

Give them a chance. projects like this is not a walk in the park, but takes always more time than expected. Due diligence is complex. we have waited so many years so if I need to wait another 1-6 month to get my pay, so be it. probably a reason to grant him this now, before potential news land

Sry was around 250K I see in blocks of 50K, but still should be enough to have close game here:-)

By the way@ Driving. I added a few 300K extra last week, just to keep up the race:-)

It never hurt anyone to be depth free. with the urgency of fixing this, it must have been important to clear out, even amount was pretty low in this perspective, so balance sheet is clean and ready for something coming in my view

What fascinating insights are those MM?

This is really interesting Extrader. clearly show that they want the outside world to look at Congo as a de risk country to invest in. could be because they are looking at other guys to maybe invest currently in port etc etc

Well Moneyman. Us private holders also got a decent chance to topup today at cheap prices. all buys I put in level 5.60-5.7 went through

As i could read earlier they have sold 14.5M+4M+0,3M now at 5,25p. so total around 1.25M USD. I dont think they necessarily will sell remaining of the tranch if not needed, and does not need to be at 5.25p. again I am in airport so have not studies all 4 RNS in details

There are many ways to raise cash. I like better this solution given a 20+% discount and get all away in 1 block instead of dryp selling the next 2 months. Not unusual with this level of discount when selling in blocks at 1 time. i added another batch just now. They have now (when selling the remaining of tranche 1/2024) a depth free company and some cash to keep lights on for next 4 months finalizing a deal

Also added more. Can anyone read to whom the 14M shares shard sold, has been sold to? did not have time yet to read all details of todays RNSs

I dont agree on that one Beardozer. They need to keep very closed here on any info given out, and there is a big difference between not being active in any transaction discussions (ref the podcast RNS) and not being active in any strategic investor discussions.....

Allthatguff. There is no active discussions above a specific transaction. This does not mean that there is no active discussions going on. They just have not reach an agreement yet about a transaction

I am not sure why many seem very surprised and take the RNS so negative. I dont see this as negative or big surprise. The company needs by law to address ongoing concern in regards to cash position and loan facilities. they have 100K on hand which is nothing and they also owe Glen 800K. Clearly they are in discussions with potential partners as mentioned in lately RNS and also my discussion with them confirm as the RNS that discussions are ongoing. But this takes more time than hoped (target end Q1 from 2023 RNS) and potential partners probably need more time to do due diligence on such a large project. Nothing unusual about that. So they have to start third trance to keep some cash to run ahead and pay the monthly bills.

On the glen loan it can also in my personal view be one situation that glen is trying on the sideline to give us and elphich a low ball offer now, before the strategic investors start discussion on price, to owe the full project. And this could maybe be the reason for the comments on GLEN loan and the new 3x12M potential placing, to show Glen that we will not be accepting a low ball offer from them, and if they think collecting the loan back end July to scare us, as we have no cash, we will do another 36M shares at 6 pence, which will be more than enough to pay you back and keep the lights on, while waiting for real offers to arrive. anyway glen will also be diluted on this scenario. Also the new 36M is only being sold if needed, and it took them 1 year before they started selling (now) the last 12 M of the last placing. My feeling is the just want to keep the light on and keep selling bits here and there, and hold on until real price discussions with partners begin. Should in my view not be so far away as everyone had the FS report for 2 months now, so due diligence should be far. This is just my personal reading of the situation, but for sure I could be wrong

Some "larger" trades going through. is it you driving bailing out:-)?

Agree. for me this will be for a full buyout. Not an investment partner, but clear buy out

I dont think anything has gone wrong, as they are still in discussion with several partners they wrote. I think they had probably a target to close a partner by Q1, but in these large projects timeline can be postponed as it is complex and FS study came late. all potential partners need to do a firm DD on the FS study and they will not rush this through as it is complex process.

Look on the bright side. we are 1 week closer to final conclusion:-)

Agree Driving. This is waiting time and potential investors (note they said in RNS not one but multiple are in discussions) need in my view time to do their job here, before final call as it is a large project.