Member Info for sandgrounded

5p at the close of business on Monday.

( Just filling in for Wimbo until he comes back). ;0)

I think it could go beyond 3p if the news is good

“Each warrant will include an accelerated exercise condition ("Accelerator") such that in the event the that the Company's volume weighted average share price exceeds 3.0p for a period of five consecutive trading days the Company shall have the right, but not the obligation, to give holders of the warrants 7 calendar days' notice that the warrants must be exercised within a further 14 calendar days, following which they will otherwise expire. Should all of these warrants be exercised, a further GBP4,240,000 will be raised for the Company at a price of 2.0p.”

This is what happened when the Newmont deal was being discussed last November(?)

someone will soon complain that LC has sold this last lot of shares at a price far too low!

The man can’t win.lol!

I always thought there was a conflict of interest when NRF were employed by the Tanzanian Government to look at their procedures.

If I may correct someone on the cash position a little earlier. The cash position is GBP 3.5million, not A$3.5 million.

Drilling ahead of schedule. Could be completed in two weeks!!!!!

Philm, if you are replying to a post and want to keep it under one thread, you press the reply button and the title is automatically entered.
Mattyboy, I have not used any figures, that was the previous writer not me. I never mentioned Mr Beetham.

In respect of my first post, I was responding to a post by dimvestor, who was pointing out similarities to an explorer that a certain Mr Paul Johnson has an interest. I was trying to give everyone some info, which I thought might be of interest to people who deal in stock. I do not hold any ECR, having had my fingers burned by it before, especially when it was pumped so that a certain individual could offload into a false rise.

I believed the information I was giving was interesting, not for pumping the stock, but because of how certain people with knowledge seem to benefit.

I am a holder of GGP and visit the board on a regular basis as there are certain posters who have something interesting to say. I would suggest if anyone isn't happy with me, they are free to filter me.

Oh, I must have stood on someone's toes there!

Have a look at ECR. They have just raised money for expansion in Australia. A certain Paul Johnson is involved there and gas increased his holdings there. The share price has gone from .65p to just over a penny since the cash raise. They say there is no insider information, but maybe a link?

No disrespect Yaki, but LC has been saying that since the end of March!

Doesn't the authority to allot a large number of shares run out after 12 months. Ie the date of the anniversary of the last AGM? LC may have to be careful, if he is waiting for licences to complete financial close, because that may have to wait until after this years AGM and resolutions passed.

Apparently there is a new vacancy at Kibo for someone to run to the attorney generals office each day to see if he has signed our licences. The previous occupant of the job has now turned 18 and Kibo can no longer afford to pay him an adult wage.

"Wouldn't want to be out of this over the weekend"

With three billion shares in the company, 10% would equate to 300 million shares and 1% equates to 30 million. A tori is triggered after 3% and then every 1% above. So someone would need 120 million to trigger the 4% threshold.

Thanks SGB. Had me worried for a minute. ;0)

When did that news come out? I thought we had our Enviromental certificate.

Confidentiality I have no problem with. I am invested here until drilling results are published, when hopefully the SP will react accordingly. My point is that without concrete facts, the market doesn't appear too impressed.

Whilst today's rns is very welcome, I would hope that the actual results of the MMI campaign can be revealed which would give a better understanding of what we have. To say we are pleased with results is just not impressing the market it seems, they want facts and figures.

Sonic, I could refer to the RNS of 5/4/18, which hasn't been fulfilled, so I don't think we can rely on anything in these RNS at the moment. They are full of hope and that is all we have to cling on to as the evidence that the Tanzanian government are committed to electrification of the country are just sound bites without action. Shareholders are seeing their investments going down but like me, we don't want to cash up in case the big news comes along. It feels like LC is playing us along with silence, but in his defence, I don't think he wants to upset the cart with the Tanzanian government.

I thought some time ago (12 months?) we were looking at a rate around 13 cents?