Member Info for Otago

My sense is that we have done the hard yards with the moz govt and this now has its own momentum. Sure they could delay matters but I think the profile of the project and the partners will negate some of those shannigans. I suspect the combined revenues of these juggernauts probably exceeds the gdp of Mozambique.

I don't think we will hear about numbers until deal done. The gov could still want revisions and so there could be some back and forth.

https://www.asx.com.au/asxpdf/20180515/pdf/43v0xz0shrqn18.pdf Explains the recent volume. The Chinese are buying more MOD.

Is buying like crazy the right answer?

Interesting posts. I also think it is significant that Hanno was in London recently. My guess is that he was having finance related discussions. The fact no RNS followed that trip is also telling and suggests all part of ongoing discussions. Find out soon I guess.

http://www.gereportsafrica.com/post/170899131166/ge-shares-solutions-for-industrial-power

While a proportion of the funds raised through the Placing and Subscription will be used to fund the cost of the Transaction and to develop the Group�s portfolio of Italian assets...

From pilbara due. Will be interesting to see how these are received.

https://www.asx.com.au/asxpdf/20180212/pdf/43rhpd007rf762.pdf

Promise of news to create volume to aid the flipping of shares. Simple as that. All ends up being counterproductive if doesn’t deliver as folks sell up and rainbow chase elsewhere.

£5m to £10m doesn't seem unrealistic but depends on the asset(s). We have all seen lithium stocks go nuts in particular. The possible links here look like cobalt, lithium, copper and gold. Time will tell.

data room opened by bcl liquidator on 7 aug with offers by 1 sep. News soon if links to Botswana correct.

Except the bod aren't taking any salaries. Why let the truth get in the way of a deramp lol.

The NAV is historic from the investment company. What we are interested is the future with the announcement of the new asset(s). Therefore, it is largely irrelevant to the investment case here as has already been highlighted.

Well Kalahari covers Namibia and Botswana. The links are with gold in namibia through steinpreis brothers and copper, lithium and cobalt in Botswana. This is about to get interesting.

Can't imagine the new director would be appointed unless asset news is close. This seems to be following the expected plan so far. Let's see the asset.

Agree. Can't see the reason for a placing when they haven't spent the proceeds from the most recent placing yet. Cash burn is low as the bod have foregone salaries in favour of options. Using the KOD example that asset was picked up for peanuts and so cash not an issue. If anything I think boredom is also a big factor with PIs chasing rainbows elsewhere.

Assuming below is correct, the process looks quite straightforward as Botswana metals have already been in dialogue with the liquidator Kpmg. Agree price and terms of new jv. Hoping news soon.

Here's a summary of the jv position between Botswana metals and BCL Under the Farm-in Joint Venture Agreement if a party becomes insolvent (including being placed in provisional liquidation) then: (a) during the earning period (until a party has formally earned its interest) the solvent party may terminate the farm-in by notice to the insolvent party; (b) if a participant has earned its interest then: (i) the solvent party may compulsorily acquire the interest of the insolvent party at an agreed price or, if a price cannot be agreed, at a price recommended by a qualified person as the fair market value of the interest; or (ii) if there is no acquisition of the insolvent party’s interest, the joint venture can be terminated and the assets are to be realised and the net proceeds, after paying any liabilities of the joint venture, are to be distributed to the participants in proportion to their interests. It seems that BCL has earned its interest and so (b) applies. Looks like a question as to whether a price can be agreed or whether a qualified person needs to be appointed to decide.

It will if it steps into BCL's shoes in Jv with botswanametals.com.au