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I’m not a fan of any “social media” as a testament to my kids on insisting on posting rubbish to my phone! Which I refuse to watch!
Having said that, these days good quality content can achieve some success; any thoughts as to where I can get such information outlined in the recent news, without having to be corrupted by the main protagonist’s?
PC
Well ………..we “are” still alive and kicking!
PC
“On Wednesday, April 5, 2023, Togo announced the creation of Société Togolaise de Manganèse (STM), a state-owned manganese mining company.
According to Togolese authorities, STM was created to ultimately "develop the mining value chain, boost job creation and improve the country’s economy by helping efficiently take advantage of mineral resources. “
Well that’s typical of government promises, a year gone by and still the opportunities fail to materialise for the benefit of the country!
PC
Dave faces up to the challenges!
With……… hopefully an exceptional June quarter!
Holding here, but need some encouraging news before getting too excited !
🤔
https://www.google.com/url?q=https://m.youtube.com/watch%3Fv%3DLL_ZALx3BJY&sa=U&sqi=2&ved=2ahUKEwjd3Y7g6ZaFAxXfVEEAHXO_C-oQwqsBegQIDhAG&usg=AOvVaw1_HcJpYyLSabeliPDWvkWp
Hi Prop
We’ve had such a bumpy ride of late, that even if we can stretch out both hedge and debt, the market will likely react indifferently to the news!
And with a series of unseen events shattering Dave’s reputation, it’s going to take a long time to recover his credibility!
You could say we are the lucky ones, with the initial share allocation, so really it’s a free carry.
Although, expectations were very high in the early days!
However, I’m in for the long haul, just like here, expecting (hoping for) “any” news to move this one forward!
PC
Last notification from the company states,at the latest, trading should be this Wednesday 20th!
Lots of issues to be resolved, it’s going to be tense!
Holding tight !
PC
“Shopkeepers don't accept gold or silver.”
Not a shareholder, but always enjoy reading the posts on here!
Look up the “Tally Money” app and see how to use your gold to buy a coffee!
GLAH’s
PC
Aquis Exchange
https://www.aquis.eu
Keras Resources Plc
Company Withdrawn
This company is withdrawn and no longer trading on Aquis Stock Exchange.
Just for future reference!
PC
Russell may keep his cards close, but when he plays them, they are usually top trumps!
PC
Well on first read through as far as news goes, it all sounds positive!
PC
Now……….do not get over excited, but just did a check, via Google’s A.I. Bard, on the new Togo company, we are due to be advising!
On the third version it came up with this :
“Full-scale mining operations: While an exact date isn't confirmed, sources expect mining at the Nayéga deposit to commence within 12-18 months from the May 2023 agreement with Keras Resources. This suggests a potential start between May 2024 and October 2024.”
“STM plans to begin mining operations at Nayéga in 2024 and to produce an initial 100,000 tonnes of manganese concentrate per year. The company expects to increase production to 200,000 tonnes per year by 2025.”
I’ll be taking this with a large pinch of salt, till our board gives us any light, let alone a green one!
PC
Hi Diggit
Thanks for your honesty, expect it’s hit a few nerves out there, in many of the investors holdings!
Still, hopefully, we have up to 60 years to get it put right here!🥴
PC
Good point, unfortunately only he knows the end game, we can only speculate!
So……… he obviously still sees potential here; he could be taking up a very long term position or has connections to other businesses that would like a piece of the action, with a seat on our very small board!
PC
Slowly accumulating!
15-16-17…………end game?
PC
OK….. yes I’m bored, waiting for the Utah season to end; but instead, decided to do a search on Togo in Africa Business + found this little snippet from June!
“The government wanted to develop this strategic asset, but its operator, the British company Keras Resources, was making slow progress on the site. Togo, therefore, took over Nayéga from Keras in May and handed it over to STM.”
Not quite sure “slow progress “ is telling the full story here, but it’s what it is, delay, delay and still a delay even after the handover!
Say no more!
PC
So here it is…………..SQM buys a stake!
"Calidus will maintain its position in Pirra at 40% due to the significant potential of the land package and will re-assess its options for this holding as exploration continues," the company said.
"In line with this approach, there is no plan to seek an IPO of Pirra in the immediate term."
Not out of the question…….. but not just now!
PC
Calidus!
Been on the cards for quite some time, well signposted, but to what end?
“Significant transaction”, within Pirra Lithium, at least now hopefully we will have more details of the project.
Could be, it’s moving away from the shareholders demerger option, with a total buyout more likely!
PC
Chesh don’t think Carbon Credits will be a saviour here, in the short or even longer term!( think we may have been sold a pup there!)
We do however,need Togo to get going, we can then if we have the inclination, to develop something else to add to the stable, for after the three year period has elapsed!
PC
Well…….. he seems confident enough, to continue to be buying the stock!
PC
Very sad for your loss!
Hope you can find solace in the life and times you spent together!
PC