Member Info for Not2sure

Ramon..time will tell what the nature of the talks/negotiations are but going back to basics if Elevra are unwilling or indeed unable to commit then I think given the delays we have already had Atlantic will elevate their demands to use it or lose it meaning if they cannot pay then we move on without them..if on the otherhand there is a different deal to be had with Miif getting involved in a bigger slice and Elevra reducing their percentage then that is a different discussion and negotiation but I certainly do not think Elevra have got the whip hand here !

I always thought the plan was to get into production and then install a flotation process from early cash flow ..makes more sense at the moment as the by-products were viewed as a bit of a bonus although obviously quite considerable over the course of the mine

Yes the finalising of the socio-economic development probably means once funding is sorted..on a separate issue we are likely to get the sampling results from cote d'ivoire pretty soon

We have had 3 offers to date ?

Although don't forget to mention you had the chance to sell at 65/66p at one time !!

You may well be right but the problem is at this stage Elevra have spent 17 million US and they have earnt 22.5 % but only if they subscribe for stage 3 so there would need to be a big rebalancing of the spoils depending on what and whom is going to commit funds

Also Ramon whilst Atlantic were aware of comments that Elevra had made about Ewoyaa the stance they took was still all about the ratification..yes that played to their advantage but given they had to wait for that before any discussions could take place i still maintain they mitigated the initial financial shortfall well

I believe you are misunderstanding the agreement Ramon

I think it was January or February before Elevra officially came out and said that Ewoyaa was not their priority and one has to acknowledge that raising the funds as management have done to mitigate some of the initial funding required would have probably taken months of negotiations so a little bit ignorant to suggest they have been completely complacent ! I absolutely believe if Elevra want to back out of the agreement Ghana will be behind Atlantic in moving forward

Yes my bad 3% equity thus far but still see that as an initial investment

Well they signed up for 6 % and talked about increasing their interest so I have gone with a nice round number !

I have got a feeling that MIIF will want to be on the share register with at least 10% before any major corporate action takes llace and this could possibly be part of any ongoing discussions between relevant players

Like I said 5toamillion hope you sold knowing this was going to happen ..I think if you can get back in at 13 ish that would be a great call !

The one thing I do agree with is I believe MIIF are going to participate in a bigger way than was initially planned

I hope you are trading these 5toamillion especially as you have written the script..the clever bit is making money !

Atlantic have the controlling stake and are project developers..that does not mean to say they cannot disagree or argue over funding but Atlantic are still in control

Is there anything unique you have found fascinating about the jv or is it something else ..just wondering as it is either a deal that works for both sides or not regardless maybe of what was signed in agreement in the first place

Arguably Eareyeam people could say those who come on here telling you not to sell and all that chat about Elevra not coming up with the money is bs all the time they are selling out themselves lol

Personally I think if there is a standoff between Elevra and Atlantic that would provide perfect timing for a hostile bid ..a bidder will know of the delays to date and prolonged argument/ negotiations would give them the opportunity to get a bid in that many dissatisfied shareholders would grab

Just out of interest 5toamillion given we know the shenanigans of politicians how in God's name do you think they could have had the mine built without the permission ?