Philoro / OCIM and Positive Future18 Jan 2023 07:59
I would be very surprised given the good relationship with Phil that they don't step in with a better offer. Such a shame ill informed overseas OCIM omitted the licence stipulation till the very end of the working days in December, given that Kenya pretty much shut down over xmas. It was impossible to get that over the line pre long stop date. Given that it would need a new law passed in Kenya it would have set us back months if not a year. Kenya does not currently allow use of mining licence in collateral. As for these summer loans/CLNS that the previous employee (now left, not the chair) put in action and also the same person who left a few legacy accounting issues, well they are insignificant in value compared to the production figures even so why people are using them to de ramp ill never know. The fact that Robbie stood at interview, not one, but two on the same day as confirmation of the process ending with OCIM rns when some go to ground also says a lot to me about his integrity. OCIM are the ones with egg on their faces. Their lawyer in fact. Not GCAT who have left the door open for future relationships with OCIM but OCIM themselves, which doesn't fair well for their own future dealings does it. Back to Philoro, I really wouldn't be surprised if they step up and give us another half mill or so. Then with Q3 and Q4 and the financial report on our future, I see a reversal back to the 1s and beyond in no time. Chart shows a few gaps up so wouldn't be surprised if we did very quickly intraday at the worst to 29 then back up to the 60/70 fairly fast with a small retrace then back up to the 80/100 pence and with news back to our rightful place.
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