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Can sell for more than you can buy...this should go up now.

Can buy at 1.94p..instant 10 bag on farmout deal. Must be close now..or closer.

Oil at $94 an still rising. It looks like $100 will be on the cards. Can only be good for BOR. I wonder who's going to get the cheque book out?

Yes. The company is dirt cheap so investment allowed them to take nearly 50%. New guys in charge and new projects hopefully. A Zinc mine in Zambia has been earmarked. Not forgetting Ruvuma...which will probably get new washplant and machinery, trucks, diggers..or may even have a buyer lined up..but one thing is for sure, the company is massively undervalued. 25p warrants are being targeted by end of the year by J Brewer to be exercised..they seem to hit their targets.

There is another chunk of warrants at 0.1p to raise £250k. Another 250m shares coming when they run out of cash. I guess the directors have that. Not great for the sp.

$500k in cash left so expect a placing at 0.1p or lower.

That would make sense as QGC say they've reached an agreement, rather than an acquisition of the mine. So it sounds like the Tete Steel & Vanandium Project.

This is way too cheap.. oil is at $92 barrel and rising... $100 soon.

Below is the Zinc project in Zambia which will be added to Shuka Minerals. There's also an additional project that QGC has just completed on in Mozambique. Probably not for Shuka as it's massive but I guess you never know if they are looking to go to market. It's massive.

QGC is currently in the end stage negotiations in respect of a high-grade Zinc and Lead asset in the heart of Zambia.

Which Project site has produced results of the presence of Zinc at an average grade of 13.3% and Lead at an average grade of 3.3% with the reserve set to yield approximately 6.8Mt. The site further presents opportunities for sulphide ore mining as well as further exploration in the hopes of increasing the current declared yield.

This transaction will represent a value growth increase from 801 Million USD to 1.03 Billion USD.

QGC has also recently reached an agreement with an entity, which holds a Tier 1, high value multi-commodity project situated in Mozambique.

It has a completed JORC compliant bankable feasibility study, with a proven mineral reserve of 74.3Mt at an iron grade of 33.76%, a vanadium grade of 0.39% and a titanium grade of 13.27%. Planned production is 2.3 Mtpa run of mine iron ore, equating to a 34-year open pit mining operation with a strip ratio of 0.2%.

It is further anticipated that once large-scale mining commences in July 2025, the expected value increase of US$ 57 806.07 Billion estimated value will increase up to US$ 64 228.97 Billion.

It's the geology partners are buying into. It doesn't get any better than Darwin. Howard Obee is ex BP and BHP. He's very conservative about prospects but If he says it's good it's excellent. The oil industry know this. Obviously they will do their own due diligence, but the quality of the data and the Darwin field sells itself. It's just a monster cash machine where you get 10x out what you put in.

They have raised cash and have enough funds until at least end of 2024.

Someone just took all the sells..is that you Gus?

Can buy below 2p.

Bonkers price with oil at $90 and BOR in discussions with interested parties.

This should be 4-5p..current situation is the best it's been for a farm-out. Oil moving up aswell.

I wonder what Mr Brimacombe thinks of it with his 66m shares and 9% holding??

Can buy at 2.045p..Great buying opportunity.

They're just slow.

Becoming a producer is a game changer for AEX.

NT2 followed by CH-1 and NT1. Tanzanian government need that pipeline built.

At these oil prices the oil companies have to be keen.

Investment for Darwin is 11 times less and self funding after two years max.

The Trion Field offshore Mexico is deep water 2500m+ with 485 million barrels recoverable and Woodside Energy hold 60%. they are investing. They see peak production at 100k bopd and are investing $7.5B for a 16% return and a short payback of 4 years at $70 oil. Compare that to Darwin. 462 million barrels recoverable, $630m Capex, payback in two years at $60 or one year $90 and, free cash flow thereafter to develop and drill to 100k bpd. The metrics are like no other offshore discovery out there. Easy access recoverable barrels and a low carbon footprint. If Woodside see investing $7.5B for a 16% return a good investment, then Darwin is fantastic.