Member Info for saintpeter7

Most certainly GT and we saw with only a few trades what can happen to the SP as the update approaches. GL

Not long until we have the update up to the end of March promised by the CEO, including results on production at the work-overs and perhaps further news on the start-up of commercial production at Asphalt Ridge. Lots to look forward to. GL

Hi Fortitude. Yes as you say the RNS says April. Being realistic these timetables rarely work out, hence me saying end of April. Hope to be proved wrong. Haven't been able to find out any more via the internet. A new director was appointed on 2 February 2018, an accountant Emma Jane Dark, but have not been able to find her elsewhere other than she has her own consultancy business based in Bristol. Just praying this RTO happens as not doubt you are too.

Very interesting article. On the TA front Yesterday we finished with a bullish belt hold for the day. For a change to a rising SP we need confirmation on Monday by a finish above Friday�s finish. Statistically this happens about 75% of the time I understand. This with the SP almost touching the bottom trendline is very positive. Really looking forward to the update. With Eddie having made that recent share purchase, it points to a good update which will push the SP up again. Have a good weekend all.

HotShot you did not read the whole RNS - Following careful consideration, the Board has concluded that the enlarged group, following the Acquisition, will be more appropriate for a listing on the Standard segment of the Main Market of the London Stock Exchange instead of re-listing on AIM.

Looking at MYN's assets, �300K was invested in Block Energy plc, �90K in equity and �210K by convertible loan, convertible into shares in Block Energy plc at a 10% discount when they list on AIM. I note that BE received the $600K they were due to receive from the sale of their Ghanaian assets at the end of February and they received �150K before expenses from the issue of a Loan Note back in December. So BE is getting closer now to listing on AIM. I note that they are not on the prospective listings LSE list yet, but subject to obtaining further funding to acquire the remainder of the Norio field in Georgia, they appear to be ready to list in the next quarter. They had intended to list this quarter, but as usual, these things take longer than usual. Will Eddie cash in on their listing? May well depend on what he considers their prospects are and/or whether the cash would be useful for the 2018 work programme, but a useful asset to have.

Believe they could be exercising of warrants. Certainly SP is consolidating at present ready to move up as we get closer to the first news on the workovers. Any chartists - on daily we have just had a positive EMA cross.

Good to see the SP consolidating before the rise. Seemingly warrants are being exercised with the large trades. Lots to look forward to this year.

Any decent update on the fundraising or contract income and this could easily bag. It was double the current SP just 7 trading days ago. From a TA view it is very oversold (no surprise I know) and at this level IMHO is a certain buy.

Yes maybe buys as they are not below bid for such size and did not affect final SP and did not affect later trade. Time flies and it won't be long until we hopefully hear the results of the work overs which started this month.

https://web.tmxmoney.com/article.php?newsid=8131307418119113&qm_symbol=VG Wonder if SMA still have any shares still in Volcanic Gold. Hope not as they are now down to the level at which SMA acquired them. I do know some had been sold as SMA advised. End of April not that far away now - we were advised that intention was to finalise by then.

just bought �1k at 0.885p. so the 2 trades at 0.895p were buys on the face of it rather than sells

Re the placing, there does not appear to have been any pre-selling and as suspension is so close, I doubt if the placees will be selling their shares but will hold them into suspension for a profit when the company comes out of suspension. This was always on the cards. Perhaps they could have raised earlier, but they would have had to give good reason to the placees for them to benefit. At this stage, they have raised the working capital needed, even though less than they would have hoped for when they received authority at the AGM and you have to decide hold into suspension and a possible recovery of your investment and more or sell at a loss now. GL all.

Part of the new regulations are that they require �indigenous Tanzanian companies� to have at least 5 percent equity participation in a mining company in addition to a 16 percent government free carried interest under the Mining Act passed in June. So I suppose KAT has to sell or even give a Tanzanian company a 5% interest in the company.

Totally agree cunningfox. Someone knew yesterday and now you have to wonder whether the company has any value. Very disappointed.

Hi bluesky. I promise I�m not stalking you. Lol. I have been reducing my holding gradually as I am fed up with waiting. The promise made last year has not been fulfilled and I am losing trust in the Bod. I will leave some investment just in case. GL.

Hi Bluesky. Haven't posted for a while as nothing really to say. Am still hanging on. The update when it comes had better be good! Other pis seem to have lost their patience.

Agree bluesky. Cannot be long before the update we are expecting.

As the work is due to commence on the 2018 work programme shortly it surely is time to buy in advance of what are expected to be good results. The TA shows that pis may have started to realise this.

Just so you know most of the sells last week were mine as I decided my wife and I were holding too many shares and there were better opportunities elsewhere. I still have a reasonable number but don't plan to sell any more at present. GLA