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A steady (if unspectacular) no of buys since the director purchase and the bid has been creeping up. I can see the ask moving up soon..
I agree Tree-stump.. if it were a no go then we would have to have been told..
Possible scenarios:
1 Still awaiting internal approval at tolsa
2 Small delay whilst t's are crossed and i's dotted on the agreement
3 negotiations underway for tolsa to buy all or part of the royalty
4 wider agreement under discussion covering pozz and or diatomite too..
5, 6... I could go on.. let's not get too worried/ pessimistic - we've waited this long! (cue some anguished posts about just how long lol)
Might be best you check your facts jrlomax before spouting off... Andrew bought 15 million at .52 last August for his personal pension (part funded by a sell of 6.5m) net 8.5m buy - shows some faith does it not?
I have a sneaking feeling it was a worked sell...if so clearing the overhang could be the catalyst for a sustained rise from here...(ever the optimist!)
Looks like brainspark is trading this..look at his/ her posting history - lol! Prob should have reported the misleading post recently about issuing shares below .2... heading for a ban if not careful I reckon...1
I was a little surprised that there was no mention of Hazen in the warrants annoucement... I suspect the next piece of good news will be on this. Maybe Patrick doesn't yet know what success would look like for the project.. jv? Outright sale plus royalty?
Looks like an auto-correct to me 'Intend that we do not lose' perhaps? Still rather clunky choice of words ...
Already did it (in January) so no new issues expected...
Think the webull date of Friday is more likely to be correct..https://www.webull.com/quote/nasdaq-elep
Looks more like a bed and isa to me...positive if so.
Oh sorry all - and thanks I missed it - rather later than usual..
Is it just me? Seems there may be trouble at t'mill. Where is the 'at the agm all motions duly passed' rns?
Seems the listing has moved out a day... hopefully a good price will be achieved..
To be fair I think eoc need to demonstrate they have realistic plans to fund drilling before Benin agrees the deal - so a bit of a catch 22...
Realistically I suspect the hold up relates to waiting for the renewal of the production sharing agreement with the Benin Govt. Hard to put a fair value on the ipo until that's done..
Yes - sorry - anything other than CS pozzolan is l a distraction. I suspect Patrick is with us 100% on that but he is unable to update us during sensirltive negotiations with multiple parties..
Found what I was looking for.. 16th Feb 2018 RNS
"Various other samples will be submitted for chemical and mineralogical evaluation" I remember it ticking my fancy!
Interesting about the silver in the adjoining tenement.. Does anyone else remember some hint that maybe something other than perlite or pozzolan had been encountered in early drills? I often wondered whether they didn't want to muddy waters with the mine application on the basis of what must have been no more than a trace...
Actually, i take the fact that the tnz investment is staged - only 280k for now (and remainder either not needed or at a potentially higher price) very much indicates that positive news is expected either from tosla or CS jt venture announcement. Although tosla have, theoretically, only til th 24th to decide - we surely wouldn't quibble if they wanted another month whilst, perhaps, waiting for trenching results...
In the meantime we have to demonstrate to potential jt venture partners that we are sound financially and that we can stump up our share of initial expenditure... As I stated previously - I smell a deal coming on CS...
You may well dilute a little (and it is a little) oc you want to demonstrate to a joint venture partner that you can stump up your share of the costs... suggests to me that a deal is imminent..