Member Info for sharezy

AFAIK

The second bank works on their own timelines, and is waiting on security to be monitored and signed off (following permanent security on site).

The bank’s own internal processes need to be completed, and approvals done, then once all the prerequisites are compiled then they sign with everyone else.

For anyone who’s actually paying attention…

The information is all there…

Early works:

- Once compensation is agreed for the community, there is a 90 day period during which resettlement must occur, legally. This agreement is required (ie total cost and definitely happening) prior to financial closure (to reduce risk of spending money without being able to proceed)

- Once final costs are agreed with the contractors, equipment orders must be placed within 60 days. For signing / finance closure there must be proof that the contractors have placed their orders, and all documentation and admin for delivery is in place.

- Financing fees then due within 90 days.

Then funds can flow, equity portion first.

September is targeted to have everything ready to sign off, which would mean;

- Resettlement costs agreed

- Orders placed by mining contractors

- Security reports concluded as “safe”

- All admin completed (bank accounts, insurances, import licenses, etc.)

The. The financiers would sign off the debt and the equity investors would sign off their investments.

… triggering major works…

As we see some of these things happening, interest in the project will build towards launch.

A project which is worth multiples of current share price.

We will also find out more about the recent conclusion of drilling in Saudi, to see how big that Pie could be…

Strong hold imo.

Milestones of “credit approval achieved”, “disbursement approval”, and “production commencing”

Paid in shares or cash…

It’s either buying the future dividends, or the sale price, so the anticipation of that.

Needs concrete evidence, and even then might not pop until nearer production.

Short term voting machine, long term weighing machine..

Sentiment will change on nothing…

It will.

Once the (multiple) penny drops.

Source: "Some bloke down the pub."

@rob - I'm prepared to wait for it - but can understand the optics of so many prior assurances and dates missed. Once they announce all signed and binding then we'll see stronger demand.

Relaxed, waiting patiently for the inevitable rerate.

I also think the POG in 2 years will be quite a bit higher still.

Huge opportunity here.

- Try to have something (positive or negative but) constructive to say

- Don't be rude - ain't nobody got time for that!

- Be truthful. Note: Your opinion is not fact.

- Ask yourself before posting "would this be something better discussed with a therapist". If so, maybe don't post.

YW.

Oh, another green box 🤷

Only certified loons and timewasters get green boxed...

Oh, and thanks for the liquidity providers / trading winners and losers on the way up 👍🏻

@rob - it will close naturally over time.

Its whether people want to buy lower now and sit on it, or buy higher later.

Dividends around today’s share price.

Every year - likely long after TK phase 1 been exhausted through ploughing the spoils into new exploration and acquisition…

There’s only one way this is going - up.

A little appreciation of the process goes a long way…

Some here clearly can’t “appreciate”.

Not surprised it has sparked some buying.

Or that it’s brought out the trolls 🧌 that have predicted 300 of the last 3 placings 🤣

We’re getting money from finance…

The enterprise value is far in excess of the current share price.

Think I’ll keep my shares for now 👍🏻

Once they had the finance there was always the next step - working out equity splits and contributions and then signing paperwork.

They couldn’t work out that part until the banks were on board.

Which they now are.

Like when you have a mortgage offer approved, but still need to sign the paperwork to buy the house.

You’d be a bit silly to bet against it at this point imo ;)

“Conditional” - don’t get hung up on this - they need things like insurances in place…

Sorry, but who is Jon?

It’s a bit like when someone explains that they think a stock will go up. Or down.

Yes those are the options. Deal or No Deal.

All that matters is which one you think it’ll be - based on the evidence - and what actions you take.

The evidence I’ve seen leads me to believe this is happening.

Holding.

Looks like soon will be resolved.

SR,

Thanks for the rants.

You don’t think it will happen.

Got it 👍🏻

Looking forward to news in May as stated (or even June) that the long awaited TK finance is sorted.

At that point (or when the actual signatures happen) it’s derisked (financially) and then we’ll see a rerate.

We have to pay for Saudi, but there are many ways of doing this that still see us multiples higher than we are from here.

2-3p post finance, 6-7p based on current metals prices, accelerating as the PM and Commodities Bull markets take shape over the coming years, 10-20p achievable based on current expectations.

Plus further opportunities once we’re a mid-tier with excellent reputation - including the 15 licenses in Saudi.

What a great opportunity for wealth creation, for those lucky and brave enough to invest now.

Your take on the current positive outlook is “ominous”.

OK 👍🏻 😂

Yup.

That’s all documented in the most recent presentation published on their website.

@Dan. You are repeating yourself… That’s an established fact…