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Mac
In your number projections for spend you conveniently omit the fact that approx. £3million was Capex.
Mac ,
you state
"Your position is suggesting that they've spent 65% of the raised funds on one (possibly two) of the Rosgeo JV assets. We'll go with two to give you the benefit of the doubt, that's 65% spent on approx 28% of the assets. The figures simply don't match what you try to claim"
But what about the 4 assets (33%) where there is existing previous data as you mentioned yesterday?
Include those assets and you get (using your numbers) 65% of the raised funds on five (possibly six) of the Rosgeo JV assets. We'll go with six to give you the benefit of the doubt, that's 65% spent on approx 61% of the assets.
That sounds very plausible to me ;-)
Mac
You state "You literally pick the snippets which suit your opinion and ignore all of the rest of the provided information in RNS, at this stage your posting is laughable at best tbh."
I couldn't agree more if I tried ;-)
Laugh? I nearly did!
Mac,
You state "Now, DFS arrives in November, 5 months later, so, what stage do people think the Rosgeo JV assets will be at come November if all block modelling etc has been done by the previous July?"
You are incorrect!!!
The DFS is on schedule to be SUBMITTED in November, it does NOT ARRIVE in November.
Thanks for the Dragline info Aston ;-)
Anyone know how much the Dragline would cost?
Welcome back Tilly
Lovleyboy,
I did attend the AGM (virtually (on the internet not almost ;-)) and your statements regarding DD still at the table were confirmed.
An interesting theory, which would align with a 12 or 13 month NDA agreements. From experience at work the NDAs do usually have a set duration.
To add another piece of the jigsaw from another post today 9and something I have mentioned a while back) the DFS will be submitted in November, we would then have othodox holidays etc. before approvals in late Jan, Feb 2023.
Best thread in ages all.
LB & CAW I believe you have clearly stated the most likely scenario. But as mentioned ambiguity abound.....
Just to follow up Mac you quoted
"within the context of the Rosgeo agreement and as independent projects. Wardell Armstrong International have been appointed as chief mining consultants to manage the reporting process in some cases undertaking new resource calculations." - - - - - - - - -
If WAI are to manage the reporting process in some cases undertaking new resource calculations.....
How can they be doing a full DFS and JORC on everything? Just asking as it is clearly stated in an RNS that they are only undertaking new resource calculations in "some cases."
Facts ;-)
You can't use the NPV of one area and multiply it across the others. NPV includes costs which will differ from site to site.
Granted this is for an underground portion but costs will differ significantly based on existing infrastructure etc etc etc.
Upside and downside
Plumbob
Please tell us the real reason you are on here still hanging around ?
Apologies to the board I couldn't resist ;-)
Good post Sandy
SandyBugler
Not trying to be confrontational but my point remains...a timeline to what?
SandyBugler if it isn't about a dividend how do you describe " the endgame"?
We won't get a divi for substantially all of the assets.
I believe it is highly likely that we will have an initial, smaller divi. within a wider take off agreement with NN which supplies the Hydrogen business.
Don't all run to deramp me I just get that feeling that this is how you maximise shareholder value and it will take a good 4-8 years to reap the rewards.
Agreed.
So why peddle and ramp up expectations of multiple news events prior to an AGM.
Or is this your way of saying ok I got that wrong, now I think this....?
“The point is mac that the DFS is only submitted in November.
It then needs some review, approval and then license transfer, this could take any length of time at year end/ beginning with authodox holidays etc.
I wonder what would happen if it wasn't transferred by March 2023”
Please identify the nonsense in my dirty green bin statement above. I am all ears.
If you don't know that then you really don't hold any shares little boy.
The point is mac that the DFS is only submitted in November.
It then needs some review, approval and then license transfer, this could take any length of time at year end/ beginning with authodox holidays etc.
I wonder what would happen if it wasn't transferred by MA=arch 2023?
Disagree
The value is dependent upon prevailing metals market prices and the state of the upcoming recession.
When they do come they will provide a view to reserves, resources and a plan of how best to extract them.
Only then will a potential credible buyer have the knowledge required to get to stage 7 or 8 in your M&A wheel.
On target for November in July doesn't actually mean November btw