Member Info for Punter1234

Grabbed a few more, think I got in before the bigger rise. We/market needed that update after the options RNS. Maybe see an interview today/tomorrow?

We should have a daily sweep stake to see how long the new troll accounts last lol

@pubcrawl fair points as well and basically same as said to crustypete. I would point out though that "international financiers" and big companies want to get into countries such as Tanzania. And obviously HE1. They have to also dance to the Government tune not the other way round. "Global significance" be assured that we won't have any problems whatsoever getting finance one way or another, and on favourable terms! We got, in abundance, what they all want. The TG and us know who is holding all the cards GL

Crustypete I am sure all will be revealed in the near future. Difference of opinions are fine. What is not on here is the daily deramping trolls. The main thing is we both want the company to be successful, you could argue it already is? And that the SP reflects that. Good start today but I think next week we could see some substantial gains. GL

crsutypete you have your opinion i have stated in detail what i think and why and what i have seen on aim over many years of cpr's

as for nav it has virtually no significance on the sp of virtually all aim companies . so many folk do some simple *** packet sums and say sp should be this. this is aim not the ftse! aim sp's are invariably driven by the herd and sentiment. hence wailing when sp doesn't go up on good rns blah blah i do expect significant rises so as sentiment returns here and the herd follow. we have all seen it multiple times in aim companies

pubcrawl i take your points and we both want the sp up and successful company. but i have to say i don;t think you understand how it works in places like tanzania. what the tg tells their banks goes. any off taker/jv will have to be in agreement with them and of course us indirectly as their partner.

so no, imo a cpr in regards to nav on aim is as must use as wet toilet paper.

ps read what i put earlier what is in a fs and then the last part of your post?

One reason for many AIM CPR's and if you have seen some of the carp in admission IPO's then you would understand their worth! Often there is so many "disclaimers" included that they are not worth paper written on! And so they often prove!

Another main AIM reason is to get SP up. CEO's rush them out after "hitting", not to get financing for production as they are a million miles from that, or even a ML, but.....seen many times.... followed by a placing. Seen it so many times. Not going to happen here.

Never seen it as a mainstay of financing for a company going into production. Why? Well simply most AIM companies never get with a hundred miles of production. If they do they often spend many months producing a comprehensive FS which they know is key to getting the licence in the first place and then onto financing.

If you think major companies/banks/JV's etc are going to rely on a CPR from very small company, have you seen how many will do them for a fee? rely on a poxy CPR from any "qualified person", you seen requirement s for a "qualified person?" Not exactly the most taxing! for deals worth hundreds of millions! Then sorry....you would be wrong. As said, some on here overly obsessed with a CPR, One will be released in due course and the SP will react, pleasing to the shareholders as a CEO. As for financing hundreds of millions with TG involved, talking to interested parties for over a year etc,,,,no

Admission to AIM

Competent Person’s Report (CPR)

Inclusion of a CPR

A CPR should be prepared on all material assets and liabilities of the applicant and

reproduced, in full and without adjustment, in the admission document.

Where a CPR has been prepared on the assets and liabilities of the applicant within

12 months of the current CPR, an explanation as to why this was not used and its

conclusions should be included in the admission document.

Competent Person (CP)

As a minimum, the CP should:

• be professionally qualified and a member in good standing of an appropriate

recognised professional association;

• have at least five years relevant experience in the estimation, assessment and

evaluation of the type of mineral or fluid deposit under consideration;

• be independent of the applicant, its directors, senior management and

advisers;

• not be remunerated by way of a fee that is linked to the admission or value of

the applicant; and

• not be a sole practitioner.

It is the nominated adviser’s responsibility to ensure that the CP producing the CPR

has the relevant and appropriate qualifications, experience and technical knowledge to

professionally and independently appraise the assets and liabilities being reported

upon and that the work performed by the CP

Pubcrawl so you think the TG might have nothing to do with financing? Or as I said the Tanzanian Banks which will dance to government tune? Yet didn't require a CPR.

The fact that TG will be our partner and therefore partner of any JV or off taker.

So why didn't they require a CPR given the financing/partnership/money and taxes?

Golden seal of approval? seriously? They are paid for by the company, supplying company figures and data to a third party which for a fee simply double checks the figures and rubber stamps them.......very simple. Think TG know all about complex nature of our resources etc as spent 5 months studying it with plenty of experts. Think they just take HE1 at their word Re resources and basin modelling hmmmmm

No point labouring point anymore, CPR's on AIM company always just to get SP up. Let's wait and see what happens "before" we see a CPR and see who is right. goodnight

Question for those who think you need a CPR to secure financing, you don't by the way.

If it is so important why are ML issued without one? Why do Government Mining agencies world over issue ML without them? Surely under theory some seem to operate on you would have to prove resources to the third party in this case, and most others, the Mining licencing of said country? Do you think Tanzanian Banks say we don't believe our own government and the FS they spent 5 months studying? CPR's in AIM companies are most certainly for the market.

So you think Banks need something Governments don't? You think a FS is not much more in depth than a CPR? As said previously a CPR virtually rubber stamps the company figures once they looked at the same data. Do you think a third party doing CPR goes off and does their own EWT? What drill a few wells to check lol?

CPR's are very easy to get and not very expensive. One reason it hasn't been a priority. They didn't need it! If they did, knowing the ML was a virtual gimme that they wouldn't have commissioned one some time ago? Some obsessed with it. Wait and see who is right. Listen to what Lorna, and other CEO's have said about them.

Carp, should have bought today sigh.......

Slacker don't be so hard on yourself....

Part II pretty comprehensive eh? CPR will just rubber stamp pretty much what figures the company already have by third party. They usually do as nearly all data is supplied to them by company. Have good evening all off to Pub Beer Garden

Financial Analysis:

Conducting a financial analysis to determine the project's profitability, including cash flow projections, payback period, and return on investment.

Market Analysis:

Assessing the market for the mineral product, including demand, supply, and price trends.

Risk Assessment:

Identifying and assessing potential risks to the project, including geological, technical, financial, and political risks.

Just for info about how detailed a FS is..........

Here's a more detailed breakdown of what a mining feasibility study typically covers:

1. Geological and Resource Assessment:

Geological Data: Thorough analysis of geological data, including drilling results, core logging, and geophysical surveys, to understand the mineral deposit's characteristics.

Resource and Reserve Estimates: Detailed assessment of mineral resources and reserves, often confirmed by drilling programs, to determine the quantity and grade of the ore.

Mineralization: Understanding the type, distribution, and grade of the ore body.

Geotechnical Assessments: Evaluating the stability of the rock mass and potential ground conditions.

2. Mining Methods and Operations:

Mining Plan:

A comprehensive plan outlining the mining methods, equipment, and manpower required for extraction.

Mine Design:

Detailed design of the mine, including pit or underground layouts, haulage systems, and ventilation.

Equipment Selection:

Selecting the appropriate mining equipment for the specific project conditions.

Operating Costs:

Estimating the costs associated with mining operations, including labor, equipment, and materials.

3. Processing and Metallurgical Considerations:

Processing Technology:

Evaluating different processing methods to extract the valuable mineral from the ore.

Metallurgical Testing:

Conducting tests to determine the efficiency of processing methods and optimize recovery rates.

Processing Plant Design:

Designing the processing plant, including crushing, grinding, and beneficiation stages.

Product Quality:

Assessing the quality of the final product and its marketability.

4. Infrastructure and Logistics:

Infrastructure Requirements: Assessing the need for roads, power lines, water sources, and other infrastructure to support the mine.

Logistics: Planning the transportation of ore, equipment, and personnel to and from the mine site.

Siting: Determining the optimal location for the mine and processing plant.

5. Environmental and Social Considerations:

Environmental Impact Assessment:

Evaluating the potential environmental impacts of the project and developing mitigation measures.

Social Impact Assessment:

Assessing the potential social impacts of the project on local communities and developing mitigation measures.

Permitting:

Ensuring compliance with environmental and social regulations and obtaining necessary permits.

6. Economic Analysis:

Capital Costs:

Estimating the total capital costs of the project, including mine development, processing plant construction, and infrastructure.

Operating Costs:

Estimating the ongoing costs of operating the mine and processing plant.

Stamfordbridge in a word no, I am sure the framework agreement will be concluded without a CPR.

The FS study was put forward, analysed by TG experts, and on back on it ML offered and accepted, now just waiting for formal issue. The figures within that would cover production etc etc

In conclusion IMO the every detailed FS is much more important to to next steps forward than the CPR which is more for the market, as hinted at by Lorna. Certainly won't be holding anything up

Talks with potential partners have been going on for over a year without a CPR. They would be based on data those potential partners would have seen. Just as TG have insisted on CA Re FS so would HE1 Re any data room knowledge.

I have no doubt the CPR when released to market will be mega and hugely boost SP but imo talks will be carrying on regardless using the FS.

When last RNS Re ML was issued on 31st March I was thinking then 2 weeks for lawyers to go through next stage of framework agreement so maybe this week but more likely next week imho. Maybe a juicy little Colorado RNS to keep news flowing.

Doubt it, as per RNS this is next step which would think be coming very shortly

§ The next steps will be the formal award of the ML, and the completion and execution of Regulatory Framework Agreements

Within that RNS I expect/hope they will say the CPR is being prepared by so and so....and in talks Re financing. I expecting a gradual step up in things soon as they get on with things. A lot will be going on that we don't know about, not sitting on their hands. Then of course Colorado progressing very nicely with ever better results. Tingles of excitement........

Worse conspiracy theories out there I mean was fact Bin Laden shorted markets before 9/11..............

Don't think a mere spud is going to make difference to SP need some chunkier better news than that to recover.

Getting a bit silly with SP here! Need a bit of that Bo confidence speaking to us to bolster SP? markets bad and US bound to drop sharply again. But maybe a bit of it is those options? Tempted to hit the buy button but bit worried as to when going to hit the bottom the way it is going....

Oldapache, no it is fine, but at the expense of others? It does smack of greed and they should explain imo

I haven't been here as long as many but as far as I can see the communications with share holders used to be better? regular social media and video interviews? I do think they should explain to holders why these options now and why so low a strike? Anyway I emailed company to ask if they would do that. See if get a reply. can only ask right? Placing and now this not encouraging folk to invest more. Constant selling and SP dropping, why? I was going to by another tranche yesterday with ISA money but have held fire because of this. Any other views?