Member Info for Scaffman

@Wheaten - thanks.. I tried finding it the other day and gave up.. just still catching up..

so I'm presuming the road works they're now doing are to the D2186 for picking up the C14 thats heading through Walvis Bay and on up to NLZM beyond Swakopmund, processed and then back to Walvis bay for Export.

🤔 having this all so close to coastline and Port is impressive.

5 weeks away from end of June! clock ticking. brilliant to have the local community wanting mines to produce; rather than the opposite in many countries.

If the Mcap had managed to climb to £45m very fast I would have expected to see 25% drop; no problem,but this is a slow gradual rise and I can't see it staying down sub 8 for long at all. i.m.o.

Re Mill Cap/Helikon Its always worth looking at whats happening on other stocks. There is nothing to say that these shorts get it right. I often wonder are the algos that Funds rely on for making decisions set up properly to deal with pending info that individuals are able to rationalize but until its put out publicly algos dismiss? Metlen Eng is another Co with a big short position and for me questionable position,just as an example. anyways another interesting week ahead..

Yeah, theres not really much that we need updating on t.b.h.

The road use will probably become an issue at some stage due to increased volumes.. The timing of commissioning and restart couldnt be better. Amapa will be in its driest phase until about January so it gives a really good window before prolonged rainfall can cause problems.

So, I'm new to bzt and project looks to have a lot going for it logistically,grades,and now momentum of works. What I'm not fully sure about is the Licence and Namibian protocols. Do the gold/silver % mean a special export Permit is also required over and above the Mining Licence issued in 2025 and if so; does this need approved by a separate government dept.? Also the ECC needs to be transferred to an Environmental Plan for full permit approval? Anyone with exact knowledge on the time scale of this or if I have not interpreted the Licence details correctly; please put me right. Regards

@Lenin How the heck do you deduce from my post that I either thought or implied that?? weird..

Its a comment on actual news that to me shows that the UK Gov know what is coming down the line with supplies very soon, and have very little or no powers apart from lifting sanctions to try and do something about it. wonder now what you will read into that 🤦‍♂️

@Lenin UK Gov have now lifted sanctions on russian crude and aviation oil, so this signals they are well aware of the situation by this action but a bit powerless to do much else.

@xx good luck and your knowledge has been appreciated.

Absolute nonsense talk about a 52 wk high

fact is bar - one week in June 25, anyone who has bought in the last 15 months is now at the very least at break even or positive and LTH have in quite a few cases averaged down as well. trajectory the last 4 weeks tell where this is going All .i.m.o.

this war along with covid has prob made western govs get their finger out on alternative supply chains and faster expansion of renewables/ev which they have wrapped up in red tape. oil has a place in the supply chain and if living standards rise then demand for oil will rise. the shareholders in bae bab**** lockheed rheinmetal etc.... dont seem to care if their company benefit from conflict and defence. if the stalemate continues then lack of fertilizer to market will result in earlier deaths of many multiples than any resumption in fighting. as for being a zombie co.theres prob widespread agreement that this was the case and not any one individuals opinion. its the turnaround we are focused on.

Whats so special about 15th May?

There is always potential for bad news but this project has been substantially derisked.

Thanks guys..

Oh and the $12 premium who sets this? can it increase..

@xx Was there a Fig for Nov/Dec at the 3700+ level as well; and then it dropped dramatically from Dec to Jan or was it gradually down from Oct., and any idea was something done to make this happen. Just trying to understand how it all works.

Thanks Tony for your detailed work. Growing disconnect from whats happening on the ground and how market sees things.

from May S&P

Brent at $100/bbl for 2026, $75/bbl for 2027, and $65/bbl thereafter.

Production of 39,200 boepd in 2026,

https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3559257

also no mention of how a Ghana full payment changes dynamics

Thanks jim but I'd imagine what history we want to see is the 6p range

A leak on what.. theres no further news impending. I think its just the market catching up to reality.

Mcap is still way too low for whats in play.

Great, this is a very timely upgrade out of D junk

So stat's is against getting a substantial payment.

and yes, I know what they say about statistics...