Member Info for Pk73

@artoha, yes that’s probably why they put it to auction, as if they issued us the license, the majority of profit would have gone overseas…

I read last night it’s expected to generate 50,000 direct and indirect jobs…

From an Indian standpoint, it was the morally right thing to do… from our standpoint, it works too as now they have to cough up without us sorting out the hassle of lifting shovels.

I think it’s win win…. And now there is just a process to follow… and it can only increase our sp from here despite being listed on the Wild West that is AIM.

Very surprised I managed a small 8-and-a-bit-k share top up at the price I did.

A most excellent and welcome RNS.. got nothing to add to sentiments already shown here… tin hats on and 2-3 year march towards the goal.

I’d like to think the sp will nudge up to double figures for now, and when the quantum is revealed I’d hope to see a surge forward to 10-15% of that value… before Xmas would be lovely…

How far are we down marks suggested 6 month timeframe to release the figure?

GLA as always. Pk.

Well said @gallmat..

Totally agree and think somebody might be the first of the disrupters when this thing hits the mainstream…

Hahahahahahaha @deck.

After the recent raise, there no urgent cash call. We know we have a tight belt and that cash should last through to conclusion of the arbitration.

Therefore the next RNS has to be either our African assets being moved on in some format (with a “bonus for shareholders”) or news on NOA issued / news on liaison with GoR / settlement achieved.

For me the stage is already set… for me this is either those placing shares as already suggested or a tree shake (doubling as a buying op for those with dry powder).

I can’t see any other scenarios from the info we already have… caveat being that something we don’t already know is brewing..

Until then I’m pretty chilled and hope to sneak in a small top up in the morning…

Good luck all… time will tell.

Pk

Why on earth have we dropped 18%?? Huh?

Thx @deck… I’ve been on hols for a couple of months, so missed this the first time round… that’s a belting interview!

Africa may be a bonus

Bhukia is an unbeleivable asset

Mark has three successful arbitrations under his belt which didn’t require him to go all the way through to award..

Feeling confident I’m backing a good horse here….

To note that resource mines often sell for more than value of their resources is super interesting… our resource that we know of is 14+bn…. Or about 70 dollars a share….

Whilst I’m absolutely not suggesting we are going to be going for anything like that, I must confess to mentally doing those maths on my holiding and allowing myself a little daydream….

Hahaha. Right… come on MB, let’s get that letter sent.

Obviously the price of gold now they might not make money, but 2 yrs to get a mine up and running, then expand the exploration and mining area, you’ll probs hit max production in 8-10 years when they must be hedging that gold price is much higher.

Let’s take the ten years as an example, atm gold is c.2k dollar, and in 2014 it was 1200 dollars.

So whilst I understand it’s a percentage take, and things should go up around the same rate, any costs now to set up the mine etc will be more palatable looking back in hindsight ten years in the future.

In short, the capital outlay now will almost be negligible in 10-20 years and maybe once all the initial outlay is spent, giving away 65% will make it profitable in the future once up and running.

I’m trying to make a case for them, but totally agree with @gall that it’s a bonkers amount to agree to unless you’ve something up your sleeve.. the supply chain argument below holds a lot of weight for me, but then that suggests the puppet master is somebody with owais already in their pocket.

Fishy fishy… but quite frankly I don’t think this affects our arbitration claim’s stand alone merit on the three already debunked arguements…. All the post auction stuff going on now is just firming up that it’s a tier one gold mine that’s been stolen then sold on eBay.in for a song…

Pk

Whole thing stinks of rotting fish. Owais, and its young leader, I suspect is a front for some real moneyed backer which has their snakey fingers greasing the palms of various Indian officials. I wouldn’t be surprised if the GOR has some hand in that somewhere which softens the 65% blow…

All will become clear when the mine starts being built and either the JV partner or a new major shareholder in Owais comes out of the woodwork, from where they are currently pulling the faintly legit public facing strings…

Not that I’m suspect of the whole shebang or anything.

But none of that matters…. Our industry experts in our legal funders won’t be fooled by any of it, and are probably rubbing their hands with glee at the way it’s playing out.

All in my humble opinion!

Pk

See what you mean @gallmat.

It says - is pleased to advise that the Company has commenced a diamond drilling programme on the Kalaka Project

But then it says the restructure will fund the current drilling programme…

I think it’s just badly worded and we are currently drilling to obtain a resource estimate (or rather confirming previous results and improving certainty), but restructuring would provide the resources to complete the drilling programme beyond these two holes.

But as usual, caveats are it’s only my reading and opinion.

Seems a positive RNS though, even if there is no movement in SP… normally these quasi positive rns’s which should move the sp up send it plummeting, which it hasn’t done, so I’m taking that as a positive!

GLA. Pk

So you can let the SP go now after the RNS last week… wish had a bit more to chuck in at this price, but a rental apartment purchase finally went through… may have to fish around the back of the sofa and figure out a way to get that change out that gets stuck next to your drivers seat runners that you can never get out…

2bn dollar plus, not 20! 🤣

Whilst I look on the optimistic side of things, I invite other less favourable viewpoints as this brings balance to the discussions.

The TOI stated a while ago that the asset value was north of 1bn. This has been referenced in RNS’s and the most recent RNS suggests that valuation is on the low side and the resource is actually much bigger than suggested when that valuation was suggested.

We know the price roughly that owais are paying for the resource, and I think I’ve extrapolated that we will be claiming for 20bn dollars plus.

I also appreciate that these is significant risk in this and that our valuation of the resource may differ from the GOI, but even in the worst case I can’t see MB accepting a pre-arbitration payoff of 150m pounds…

I think his minimum would be 6-700m before going to arbitration where he will be looking to gain significantly more. Only a gut feel, but I can’t see him doing anything but collapsing with laughter at an offer of 7.5% of the resource value.

To answer @gall’s question, what is enough? For me I’d like to see a minimum so after costs deducted of north of £1.50 (sp or divi, I don’t care) which would value us c.£300m but would realistically hope for 3 times that.

Completing the circle, nobody but my knows his number, and I welcome all differing valuation expectations, and it benefits us all… how do you get to 150m @gall?

Pk

Ninety-one grand…. That’s a whopper! Labelled unknown but at the price can only be a buy, and explains the uncrossing trade amount.. probably also the limited availability earlier.

Looking forward to tomorrow already after 27% today… I even managed a little top up before the rise, so a good day all round.

I wonder if the 60+% commission to the gov has built in that compensation from the offset, @sheer?

Agree on this board. Very good work all round… @johnlewis are you still about too?

In my opinion its a great RNS as it gives you a minimum value to our claim.

The minimum value in the ground is 16.7bn dollars. When you look around at company sales, then they sell for 8-15% of in ground value (from memory).

The rns says they suspect the amount in the ground is under-estimated... so i dont think a starting point for the claim is going to be less than 2bn dollars - as other have also suggested.

For my own fun and games, Im gonna have a stab in the dark at 2.8bn claim... just basing on 10% of in ground value of 10Moz...

Sp of other companies in arbitration have hovered around 10-15% of claim value. So while i sit in this coffee shop, and with no laptop in front of me, im looking forward to a jump in sp to a quid plus in the back end of 2024.

But.... who knows... the above opportunity is why im invested.. totally happy with my choice.

Why are we still at 5.6p???

Re point 6, @prof, thank you for putting that out there.

Was doing the basic maths last night ( based on everyone’s posts rather than official releases) and though I was going nuts… my valuations were returning crazy figures.

Figured I’d just wait for the arbitration amount in 6 months or so rather than get excited!

He only graduated in 2018… not bad going to own a gold mine after 6 years after uni….

@prof - defo needs some research into this chap… there’s precious little history on LinkedIn.

Https://in.linkedin.com/in/saiyyed-owais-ali-91ba11146

This is the chap who owns 73% of owais