Member Info for PAUL1DEANO

We are on the Italian Job now and WN may not be considered 'priority'!

The licence will probably end up back in the hands of the government at this rate.

'Obtaining the required permits is key to unlocking the finance and putting the LOI into action with the Italian EPC.'

But will we get them, what date is the hearing?

Seems like the Tunisians are standing firm from their position to, I wonder what reason they are giving for breaking the deal?

What are people’s thoughts on share consolidation?

I’m sure doing that when we enter onto the ASX sends the right signals out.

I'm scratching my head as well!

No news releases on USA, S Sudan or Kazakhstan.

‘ Posters keep rattling on about Dokwe's gold deposits being under the Kalahari Desert. This desert would appear to me to be more to the West, in Botswana & Namibia.’

No body has posted that in here!

‘For what it's worth I also decided over 5 years ago to stay well clear of Africa, China and the Russian Federation because many Companies and consequently their investors have been " ripped off" badly by authoritarian corruption.‘

Sounds a bit like Canada and UK, as for USA it’s a farce, hopefully we get free market President!

'but I'm guessing it isn't something that you just pop down to Screwfix for with £20 in your pocket.'

I surmise you can find all sorts of items tucked in their back pocket!

Good news for sure, but we have not passed the finishing post yet and gone into production!

No news on WN either.

I think if we hold on for another four or five years £1 to £2 is the target with dividends, we hope!

I found it,

This is a useful discussion and highlights some good points about our strategy in Zim

We looked at Dokwe (Rockover’s project) and passed on it

There is true genius in Nick Graham’s work but the problem is Dokwe is in the wrong jurisdiction. If it were in Botswana it would make sense but in Zim it doesn’t when there is so much more conventional and lower cost opportunity elsewhere

Dokwe has been around for 20 years and had $20m spent on it. The deposit sits underneath deep Kalahari sand cover and has a very large cap-ex requirement ($75m from memory)

The discovery of Dokwe was amazing. Nick and his team found it using a sophisticated fine fraction soil sampling method that was able to identify minuscule variations in gold levels relative to background

The problem is it’s too sophisticated a project for the stage Zimbabwe is at. A possible positive is that Rockover has large exploration permits in virgin ground, but its virgin because of the sand cover. Again, in Botswana this would be attractive but in Zim why go to the trouble of such complex and expensive exploration when there is so much untested potential, near surface that has been scouted by the small-scale miners?

I don’t know what Ariana’s plan is. They did well in Turkey. I imagine they must have finance lined up, otherwise this makes no sense at all. Perhaps, the gold price has changed the economics of Dokwe favourably, I don’t know but we wish them luck. The more international companies in Zimbabwe the better.

Coming back to Kavango and our strategy is to focus on near-surface, open pit, bulk mine opportunities. This is completely different from Dokwe so a comparison between the two doesn’t hold up

The path we are on is more conventional. I expect it might take the market a little while to grasp what we are doing, but once we have more demonstrable success the market will see the scale and realisable potential of our business

The Dokwe project is technically demanding, has taken a very long time and hasn’t yet been able to raise the finance it needs

We have simpler targets, are moving extremely quickly and are raising what we need to build on that momentum. By growing Kavango Mining in parallel with our exploration, we will be well positioned to bring open pit mines into production relatively quickly once they are defined

‘ It seems to me that Kerim has a great deal to do tomorrow morning to convince us this isn't riddled with red flags. ’

It certainly is not SP accretive just more SP dilution and diversified risk!

‘it has been suggested by Kavango that Dowke is technically demanding and costly, so they need a fairy godmother. Apparently it is under deep Kalahari sand and this may be one of the reason it hasn't been developed todate. Perhaps we will learn more tomorrow.’

When did Kavango state this, do you have a link?

It would seem it is CS or bust, how is progress there?

I agree and with the German operation to the future looks promising.

Hopefully we can put a choke on domestic operations until our government wake up and realise they are morons!

Thor drilling goes from strength to strength, I cannot wait see the capital raising alternatives at some point this year.

‘ I really want some news on Kazakstan and S Sudan, we need to be producing to.’ x2

I’m considering, there might be further retraces in this SP, but when this launches in the ASX I’m going to take a risk gamble.

I am going to buy the same amount on there and wait for them to both hopefully raise in tandem. When we hit 4p on AIM I may consider selling here and just holding on the ASX onto 2030. On the ASX I will have bought in on the diluted amount too, so in effect a fresh start.

Still kicking at not selling out at sub 6p the dividend wrong footed me.

‘ CORPORATE, FINANCE, AND CASH MOVEMENTS

For the Quarter, the Company had total net cash outflows of $479,000, comprising:

§ Net cash outflows from Operating and Investing activities for the quarter of $479,000 which included outflows of $193,000 directly related to exploration activities.

§ Cash outflows from financing activities for the quarter were $12,000, related to lease payments. This was offset by the effect of currency exchange rate movements on cash held in British pounds.

§ Providing an ending cash balance of $499,000.

Cashflows for the Quarter include payments of $88,000 to Directors, comprising the Managing Director's salary, and Non-Executive Directors' fees. ‘

Our ending cash balance ain’t all that great, so what measures are going to be taken to boost the cash balance into next year ?

‘ who's looking to join the Brussels gravy train.’

No doubt she will get a golden handshake and will gratefully accept being showered with all the perks and privileges the gravy train has to offer.

So what are our two floor pointing apertures of the waste pipe up to this week?

'The FT is suggesting if he resigns he might pave the way for Spain's first female pm. Who might that be???!!!'

Can the FT define what a woman is?

Whoever gets in who suffers from the 'green communism liberal mentality' is still going to pursue this renewable energy utopian dream, would they allow nuclear energy into the mix is the question?

This situation will end up in an international arbitration adjudication scenario and could take the rest of the decade. Teresa is no doubt still having fun sploshing around and wetting the lettuce.