Member Info for pablo2

Reason : Joint Broker often means, 'Placing Ahoy'. Hopefully, if true, which it probably is, it won't be much below 10p

Mgmt panicking as the sp is starting to make their placing and warrants price as stupid as it actually was

Thanks Golden and ross, nice to hear your both very confident in the company. I've been hear with a small holding for years and just beginning to get above water. See what you mean about our Tailings (TSF) dwarfing this Kili deal.

Just saying that this Tatnall is a complete rogue and very much doubt his abilities to raise sufficient cash. We shall see shortly whether he is up to it and hopefully by end of Feb we may be in a position to perhaps conclude the deal (optimistic timescale in my view).

Glad to hear someone say this is not really important as I'm having my doubts on it's successful conclusion as just realised Papillon is Tatnall and Longley who destroyed PPG last year with loads of promises over about 3 years and nothing materialising.

I see Tatnall and Papillon have to raise $4m and are obviously struggling with this. Who is the Director mentioned that is on both sides of the deal - someone at Mayflower and GDP or Papillon and GDP ?

I see Mayflower is loaning Kili money that has restarted production. Presumably this needs repaying if deal falls through? Otherwise from the tone of the RNS am I not sensing the deal is almost 'now or never' ? Tatnall made PPG shareholders wait years on promises of finance

That's a decent Top up!

Reckon that's great news today re-organising the loan so it's all settled till well after the gold starts pouring from Tulkubash.

Got an email back from Artem yesterday, after I asked anything taking the sp down, any news coming or are they hunkered down for winter :
Hi Pabs,

We are still working - in our countries of operations, holidays start from 1 Jan.

Share price is unjustifiably low. No particular reason, may be after-march of the war in Armenia, but we are doing very well there in spite of all. Yes, we plan for operational update as usual early in the new year and working hard on all other fronts as well

Merry Christmas and Happy New Year!

Best,
Artem

No mention of Underwriters don’t think. The placing was 233m and those jerks must have had over 100m at 3p which they’ve dumped over the last weeks with no sign of their obligatory TR1’s at each integer. They surely didn’t sell 100m yesterday

Getting rid of those jerks, shame they missed today’s 16%.... Not

12 X average daily volume already today, mostly Buys and yet the sp is slightly Down. Bizarre, maybe placee flippers, they did get 233m @ 3p

Morning Joe Creed, still holding like you, and averaged down quite a bit lately after that placing. Brilliant news today, company looks more and more secure which is rare for Argentina

Unlikely TB is selling anymore so the RMS sp clear to go back up

I asked Artem what he thought of the political situation re. Armenians dissatisfaction and that article maybe suing us in the Krygyz. He quickly replied last night :

Hi pabs,

Armenia: the peace is likely to hold given the presence of Russian peacekeeping force. The politics is politics and will follow a proper democratic process.

KR: The legal case is not against Chaarat, we are not being sued and there is absolutely no grounds for any legal action against Chaarat. It is just that our name was mentioned in the press and we need to stand up for our clean reputation, which we will absolutely defend.

Best,
Artem
-----------------------------------------------------------

Hope he's right in Armenia and doesn't seem unduly worrying now in the Krygyz

How come the mgmt has never ever told us what are the sticking points in 6 years?

It's about time we got something else going and now we have this phosphate mine in the USA, what else has dear old Russell got together in his time at the helm? Such a simple business in Togo, much more simple than a gold mine or an oil well, you just shovel our stuff out of the ground just below the topsoil I think, and ship it out. Why the Togolese don't want us to employ people, and earn them money is a mystery that should be on the Twilight Zone

Thanks for those positive thoughts but there weren't and new govt issues this time last year when they announced licence done and dusted except some 'ancillary documentation'.

We await 'early November' - they don't guarantee anything then, which is wise

How they've even managed to get a placing away I don't know but 18.33% commission reduces the amount raised considerably. Then the Directors take a good cut and pay off some outstanding debts leaving £215,000 to build a marvelous new company. Elsewhere they take the knackered elec generation business private to destroy the accounts.

Total disgrace and look for the shares to gap down Monday 75%

Thanks for all those thoughts Gino, may keep some of them in mind/refer back to.

Sharetalk - Zak Mir doesn't do 'fundamentals' only does 'technicals' - fundamentals are the underlying business and news, to come or past - technicals are trade signals on charts

The original Lender is not Labro but someone else. Labro just guaranteed the loan of which $13.5m is now being repaid to the Lender with Labro taking on the Loan. The Lender's remainder of $7m will be repaid by year end with a further debt being arranged.

Martin has not been 'averaging down' as we think his average is definitely under 20p so he has been averaging up the last few years. Political trouble in Armenia (v Azerbaijan) but miles from Kapan, and now trouble in the Krygyz but completely not affecting anything to do with Tulkubash on the ground is concerning - get through these troubles, get the extensions at Kapan accessed and get the major project financing done and the company will go from strength to strength imo

Admittedly, it is rather like spinning plates but nothing untoward. Martin A is and has been supporting the sp and long may it continue, why wouldn't he? Having a Chairman with a 40% stake to me is a guarantee this will not be allowed to fail.

Thanks, looked at that Investing . com 'technicals'. Bit technical though !

Pivot Points - R1, R2, R3 - are they 'retraces' ?
what are S1, S2, S3 ?

I do take account of RSI and MACD but I see they vary a lot when looking over different timeframes.

What do you recommend paying particular attention to with ECR? with any Aim stocks ?

If you could possibly search for my last post on KRS, I was hoping you could share some information with me

I am very interested in all your communications with the share centre re. the Record Date for qualification for CAI shares last November. I, and several others, sold some KRS shares after the Record Date of 6pm 19/11/19 on the Wednesday 20/11/19 and we have been told we sold away our qualifications for CAI shares.

You appear to have had the opposite problem to me in that you bought KRS on 18/11/19 and yet were not given CAI shares accordingly. As I say, I would be very interested to hear what the Share Centre have stated re. the Record Date. Could you possibly communicate in e-mail to paulbryce4 @ gmail . com (I have incorrectly spaced this address to hopefully beat lse checks)

Yes they do mention our current 85% interest but they often do don't they?

Just for everyone's clarity, in January we announced : 'Following the issue of the mining permit, the Republic of Togo will be entitled to a 10% carried interest in SGM. As a result, the Company's interest in SGM will be reduced to 76.5% on issue of the mining permit.'

but not as we know it !

They had to say something so they said nothing. 'Ancillary documentation' needed about 11 months ago, wonder what the hurdle is now?