Member Info for PaulJ8520

If you want an up-to-date satellite image, you can task a satellite to go and take a picture of the site (coordinates 6.332458, -1.618179) using skyfi-cost is $200 plus tax. Capture will occur between 5th Fab and 5th March.

Boldicus, those of us who are invested are all bullish about this share currently but we are mindful of the history of this company and how previous estimates were imaginatively spoused, which, as we later discovered, were not reflective of the company's ability to produce such quantities of gold.

However, we seem to have turned a corner and things are apparently improving. It will take a lot of investment (hopefully through cash flow generated) to reach anywhere near the numbers previously mentioned. That said, with the price of gold hovering around $2800, if they achieve those figures at some point in the future, while simultaneously increasing mineral resource, it is not inconceivable that we could reach a share price of 40p + without further dilution.

Gold Loan circa $5M

There are other debts to 'creditors' but no details about how much.

Commenting, Mr Harry Anagnostaras-Adams, Executive Chairman of KEFI, said, "Whilst it is disappointing we will not be able to close the Project equity funding before the end of October 2019, as we had previously envisaged, we appreciate the enormous importance of the Project to the Ethiopian Government and that they need to complete their internal processes. All stakeholders continue to work very hard and we look forward to this being resolved shortly so that the Project equity funding can be closed and development of the Project started."

Part of Angela's response to allegations

"The defamatory allegation that I maintain relationships with sanctioned individuals in Liberia, such as Nathaniel McGill and Bill Twehway, who are accused of corruption and undermining democracy, is wholly unfounded and highly damaging to my reputation. I have no personal or professional relationships with any sanctioned individuals, and I unequivocally condemn any actions that undermine democracy or promote corruption."

Is this the real reason Bill left?

New site images posted earlier today on x

Interesting way of looking at it Fr.Jack.Hackett.

Northman1 - All-in Cost ("AIC") of US$1,369 per ounce average for 2022 with a total of 5,155oz for the year, if that helps.

Dear Fr.Jack.Hackett,

I'm not as optimistic as you regarding reaching 1000oz in January, or from January as the previous RNS stated which I took to mean February. I'm now expecting they will reach this in June. It seems that pads 6 and 7 are taking an extraordinarily long time to complete, which, as intimated in the RNS, are needed for production ramp up. Therefore, once they're complete, it will take somewhere between 60 and 90 days for the heap leaching. It's understandable, from this perspective, why Emma has kicked the can down the road so to speak. I do worry though if she is considering a raise until profitability. I'm happy to keep topping up though as I think we'll get there eventually.

Copy and paste the coordinates into Gsomething maps

I thing we need to put things in perspective though and one has to be mindful of rising gas prices on the near term financial performance, longer term, maybe this will work out.

For those who haven't seen it on Gsomething maps:

6.332458, -1.618179

i'm hoping december figures come in around 680 oz and january around 800. this would be profit territory as breakeven, from the last financial accounts, is around 456 oz/month. do they have enough money though to get through until they get paid for this? we would of course prefer the price to be under 2p until may 23rd 2025 so as not to trigger the 2p warrants exercisable which would dilute us by about $1.6m. my *** packet calculations are that at 1000 oz per month will give an ebitda of $17m per annum, which at a multiple of 8 would see a market cap of $136m... but can emma deliver?

Dreadful ramping... "Cash flow positive at the operating level and now also at the corporate level"... didn't say at company level did he?

We've seen this many times with this company over the years, it's nothing new.

Another placing on its way at some point, just watch for the holdings in company notification prior to the placing.

A key milestone as the site nears doubling its capacity to 5.4MW—boosting reliability, resilience, & revenue. The 3rd genset overhaul starts soon, targeting a total 8.1MW capacity.⚡

New tweet out:

https://x.com/MastPlc

"· To accelerate progress during the financing process, Kore Potash and PowerChina have committed to an Early Works Agreement, which forms part of the EPC and is targeted to be completed within 6 months of signing. Kore Potash will pay US$5 million to PowerChina as part of the total EPC Contract Price[4] to undertake supplementary geological work, consisting of drilling at the shaft works and marine works locations and additional Front-End Engineering Design ("FEED") relating to the mining section shaft works."

So where are they going to get the $5M from???

Mr. Louis Coetzee and Mr. Dominic Traynor have stepped down and retired as directors from the board... does anyone know why???

So are we expecting the next set of drill results at EastStar?

(sorry, had to do it)

Is the Lithium-Sulfur (Li-S) battery rechargeable? Haven't read anywhere yet that they are.

Agree somewhat, but what is it that they cannot talk about?