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Could it be simply Board changes? Crishtian recently gave up his advisory role to Katoro Gold

Because they are making an investment in another mining company - say which is operating in Africa and mining for Nickel, PGM, gold etc?

No reply yet from LC. I think he is not going to reply.

Tom
I would just say that, and I am sure you realise, people have to work their socks off to be able to afford full ISA allowance. Not everyone may be in your position but one should not pass degrading comments particularly about affordability. You never know one day the tables could be very different.

GLA

JL and all

Good morning. I appreciate your update posts so please keep posting.

Laurence

I think what's changed in my opinion is that GPB hand has been twisted by Putin into giving the waiver by force

I have received, no not a reply, but a read receipt - will wait another couple of days to see if I do get a response

This was the most important catalyst in de-risking POG.

By establishing New third party buyers of gold in possible different jurisdictions, POG has eliminated any risk of being bought out cheaply. As I said before, there was NO WAY Putin was going to allow UMMC or any other organisation to buy POG or indeed any company under the current circumstances. I can visualise the GPB CEO ( who by this time has spoilt his pants) made to sit next to Putin and made to sign the waiver.

They will start adding to their existing positions

EXCELLENT NEWS

At this price, perfect opportunity to top up if one has spare funds available. The trouble is funds are tied up elsewhere where the shares are deep under water 40-50%

Hi Newbietrader

You will have seen the articles I posted on the East African Nickel Belt and some of the grades of Nickel of over 2g/T. At Haneti, remember we had samples of over 12g/T.

" The geological model has been demonstrated from the core recovered".

SGS Tanzania are a huge organisation and I am of the view that the assay results cannot take this long. There are no covid lockdowns that I am aware of in Arusha where I believe the SGS processing centre is, not in Dar-es-Salaam. I think they are holding onto the results for good reasons - one of which I suspect is they are engaged in some sort of discussions with some of the major players - this could not just necessarily be mining companies - remember Elon Musk has said he would buy into any company which has a big Nickel find. Per Bloomberg article on 8 May 2022, "Tesla's Elon Musk begged miners to "please mine more nickel" and offered a "giant contract" to anyone who could do it sustainably".

I have just 10 minutes back written to Mr Coetze so will wait for his response.

I get that feeling something is brewing at Katoro.

If I was the education minister, I would lose my sleep over these numbers because it is my belief that the economic growth and the education system are indeed very highly correlated. University education needs to be made very affordable in western economies.

Projected GDP at PPP - 2050 Rankings

58499 B - China
44128 B - India
34102 B - USA
10502 B - Indonesia
7540 B - Brazil
7131 B - Russia
6863 B - Mexico
6779 B - Japan
6138 B - Germany
5369 B - UK
5184 B - Turkey

Cal2

Currently 65% of the world GDP growth comes from emerging economies and Russia included - they are the future drivers of growth. Look at PWC report on the "The world in 2050" - its an eye opener

- Emerging markets could grow twice as fast as the advanced economies
-six of the seven largest economies in the world are projected to be emerging economies
-Russia forecast to be in the 6th place whilst UK and France in the 9th and 10th place respectively
-Russia controls vast natural resources the world needs
-One cannot afford to chock off Russia

From the article posted

"The Kabanga sulphide deposit now comprises a total mineral resource of 58 million tonnes grading 2.6% nickel. The Musongati laterite deposit comprises an overall resource of 122 million tonnes with a grade of 1.4% nickel".

Hypothetical scenario

At 100M Tonnes of Ore with 1% nickel = 1M tonne Nickel @£25,000 per Tonne = £25B

INTERESTING READ

https://www.researchgate.net/publication/305619289_An_Overview_of_Nickel_Mineralisation_in_Africa_with_Emphasis_on_the_Mesoproterozoic_East_African_Nickel_Belt_EANB

Nor will Putil allow any other company to take advantage