Member Info for Numptypi

I’m minded to say put me down for a total sale, but we’re woefully short of information needed to make that decision.
If sold ...we currently only have disparate estimates of value, but just as importantly we have no steer on what will happen to the proceeds of sale.
JV ...we can only guess what would be demanded for someone to fund the completion of the feasibility study and fund the mine development. It’s common knowledge that we are not currently funded for that, which puts us in a poor bargaining position, however don’t forget that we are the ones that have the keys for Toral.
We employ an exec to operate on our behalf and move Toral forward. It’s not unreasonable however for them to be told to keep us informed...until then we aren’t ready to make important decisions.

Numpty pi

Seems like a plethora of green boxes are once again infecting the discussions, whilst I appreciate a contrarian view ... there’s a limit!

Airlines are indeed struggling with the pandemic, but with pilots flying fewer hours the queues for the limited number of simulators grows. All pilots are required to maintain minimum flying hours which currently requires simulators.
The demand for simulators will increase further still, since pilots formerly in four engined gas guzzlers are retraining to get type approval for the smaller aircraft. If only we were involved with the simulator OEMs.

Posting 5 times in quick succession, this has nothing to do with the rns beyond an opportunity to buy a little bit more cheaply. Why else would you spend so much time and effort driving down the price.

Joint Ore Reserves committee (Australasian)
JORC Code, 2012 Edition
The JORC Code is a Code for Public Reporting not a Code that regulates the manner in which a Competent Person estimates Mineral Resources or Ore Reserves. The term 'JORC compliant' therefore refers to the manner of reporting not to the estimates.
Increasing knowledge and geological confidence moves you from inferred, through indicated (probable) to measured (proved).

Numpty pi

What terry said!
Newbies are always most welcome, as are all genuine comments - irrespective of whether they are positive or negative. Trolls however...

Numpty pi

Oiltap, great post but did you mean provenance rather than provident, ie being in the care of god. Actually both might be a good idea!

Let’s hope we all have a great day, a reassuring update on deleterious substances will do very nicely...no pressure Laurence.

Numpty pi

Rob, when asked a similar question I posted this 5 mar pre the latest updates.

“Im not the best person to answer hence my pseudonym, but since you ask.
The bad bits,
Historically the shareholders have not been looked after at all well.
Funding has been and remains an issue.
We await mets, deleterious substances and mining license updates.
The good bits.
Current work streams are fully funded.
Non dilutive funding opportunities have been mooted and we await details.
Copper from a separate geological event (but in precisely the same location) has been found at depth and near surface (and now in between, 0.9m @ 1.5% Cu from 278.9m to 279.8m; ) which MAY be highly significant.
We already know the results of a great number of different work streams which are all supportive of a successful mining project. See rns updates.
Our asset has been independently verified by the best in the industry and de risked to a significant degree.
Globally it’s in a politically stable area (Spain) and locally is well connected with services.
The metals are in growing global demand, and command high and increasing values.
Our low cost proposal for mining has been independently verified.
The data room is open and I assume that discussions for due diligence concerning sale or jv are ongoing.
The company skill set appears to be aimed towards exploration rather than mining.
There is a VAST amount of metal in the ground, and we own 100% of it.

These are only my personal unqualified opinions and I’m very happy to be corrected.“
Numpty pi

As you say, the airline industry has certainly been rattled very badly, but it’s not all bad. A significant percentage of pilot training is military and therefore protected to a large degree, reduction of both time and cost in civil training will remain a significant factor. The circa 800,000 additional pilots required figure (in the next 20 years )previously expected, is undoubtedly already being revised for a post covid world. A significantly reduced training requirement may simply make the task more achievable rather, than to be considered a bloodbath to future prosperity.

Ntsb, Ntsa etc

In future, the acceptance of squeezing Excessive numbers of commuters onto overcrowded public transport will Certainly be reduced. ( I always imagined that the death toll of those forced to stand on a train in some future accident would be the trigger for legislation requiring a seat for everyone. )Fear of infection is probably now more likely to bring changes. The safety of your own transport wherever practical, becomes ever more attractive. Car ownership may actually grow even faster.

The value placed on a life increases continually worldwide, therefore Acceptance of injuries and death on the roads will continue to fall. Ancap, Euro ncap, ntsb, ntsb et al provide a clear roadmap to the future.

I remain extremely positive about our future prospects but the timescales have undoubtedly slipped.

Numpty pi

Bricks, Just someone trying to do you a favour, not a problem

Bricks I deleted your details as I agreed,please resend

Where’s bricks

Bricks if you still have my email , contact me please

Numpty

Brad you’re completely missing the point.
CBM electricity production will take every last whiff of gas that tlou can extract, but in addition we also get to sell vast amounts of solar electricity. Demand far outstrips supply for Botswana let alone the rest of Southern Africa.
Botswana gets a reliable and stable supply since the gas is brought on line to fill in the inevitable gaps from solar. The country also has a supply that significantly improves its green credentials at a time when global pressure grows exponentially for greener solutions.

Well from an initial look, it seems that it’s just me that thinks it’s got definite possibilities! Possibly because I might be looking at it from an electrical perspective rather than purely financial angle.

A national grid needs to be dependable in terms of both the voltage of supply and current demands. It’s not practical to base supply on the strength of the sun, I assumed that “balance” was to be maintained by the mix of existing production and cbm, solar being considered as a top up.
Having solar as more of a central part of the supply with cbm acting as the balancing part is actually a very clever idea...imho

Numpty pi

Brad, forget about battery storage for electricity, technology has a long way to go before its viable

The expectations for rfq did not materialise, I suspect that our Qualcomm situation is similarly fluid. If the bod wanted us to understand they’d have told us long ago. As mushrooms we are far less likely to cause them distractions, it’s not by accident that we’re kept at arms length.
The unfortunate consequences however is that it feeds the trolls and the board fills with little green boxes.