Member Info for Rocktapper

A Caterpilar D7 + usually works! Either that or lots of teams of locals with machetes and weedkiller!

Apologies if I am wrong then. I used to see the settlement dates on my trading statements and thought it was the way I described. You're probably right. Let's face it, the MMs seem to be able to do what they want anyway!

Delayed trades: depends on the settlement terms of the trade (you) set up with the broker as to when the trade actually goes through. So even if you buy some stock on one day, if you have a settlement term of 2 days, the trade will actually go through / be paid for two days later. The broker's hedging in effect with a potential to make or lose additional money on your trade depending upon share price fluctations. The shares will show on your account but you may not be able to sell them until they've been paid for by the broker. If any of that makes any sense!

A sudden burst like that looks like 'leaky leaky'! But whatever, we definitely need a rise in the SP so let's hope that whatever news is on its way is actually good.

Maybe worth asking the question whether the products from the City Oil process can be processed to provide the type of 'sustainable' aviation fuel used by Virgin Atlantic yesterday for their test flight to New York.

Is currently under way so it would be interesting to find out whether CRCL are making bids. From the map KON15 (west of our KON 16) and KON19 (south of KON 16) are up for grabs, both brownfield with previous drilling and seismic data.

Link:

https://www.arcgis.com/apps/mapviewer/index.html?url=https://services6.arcgis.com/AvO4UneJdt5gnv4B/ArcGIS/rest/services/ANGOLA_7TH_BIDDING_ROUND_2023_WFL1/FeatureServer&source=sd

Https://anpg.co.ao/wp-content/uploads/2020/08/MAPA-DE-POC%CC%A7OS-E-SISMICA-DO-KWANZA-ONSHORE-LICITAC%CC%A7A%CC%83O-2020.pdf

For anybody who can read / translate Portugese:

https://mirempet.gov.ao/ao/noticias/bloco-kon11-sonangol-inicia-perfuracao-do-poco-em-terra/

I hadn't been paying much attention to this only a bit of frustration of a loss of money and a change in direction etc. However, this RNS is great news. The drilling's shallow by oil industry standards (reservoir only 700m below surface) so equipment / drilling costs relatively low. Also 11.7 MMbl resources attributable to Corcel: if only a quarter half of that ends up being recoverable reserves, at today's oil price of around US$80 / bl it's heading for US250 million in cash flow.

Probably about time for the start of a re-rate?

Sorry that should actually be about 40%. Still it's undervalued significantly is what I'm trying to say!

Undervalued to the tune that the revenue is almost 70% of the current market capital...needs a re-rating.

OK. Thanks for clearing that one up for me!

I had the misfortune of having to listen to / view this advert at the cinema yesterday but what's interesting is the mention of the University of Manchester team at 1m 30s along. I was curous whether it's 'our' team being referred to or another team at UoM.

https://www.youtube.com/watch?v=ticcGes0oCQ

It seems some positive progress / news may have been made here. However, I can't see how potentially hiving off the projects where progress has been made into new listed companies is really going to add to shareholder value. Surely, value can only really be added if these remain directly under control of Kibo. All the evidence to date (MAST etc.) and the current share price suggests that hiving projects off into separate companies has not added any shareholder value whatsoever.

You couldn't make this stuff up! And I agree, I'm surprised there's been no suspension yet.

It's more a question of shooting the people who have been steering the horse!

There needs to be a proper investigation into how they have spent the money from all of the previous raisings and how this has been (mis-)managed, particularly the financial and technical side but also into how Teichmann have been allowed to take the majority shareholding in the way they have - even if their money has supported the operation.
They haven't even been able to keep the company documentation up to date properly (Aim Rule 26) on the website.
The way this has been run and managed is sadly another example of why the mining industry gets bad press in the financial markets.

It's great Mbeya is getting dusted off and potentially being given a new lease of life.
Besides, if they wanted to stick to the coal-fired option, there's potential for increasingly efficient ways of removing the CO2 and other combustion gases: https://news.mit.edu/2020/membrane-carbon-dioxide-exhaust-1016. Not all doom and gloom...

Jeez, I'm sorry to hear that. The management of this company and the project itself has been utterly awful and very far from what was expected.

This is literally a money pit.

Total stitch-up.