For the avoidance of doubt...7 Aug 2025 11:00
And seeming as the lunatics (looking at you, buttTreasure) have taken over the asylum... 😂
We have a 1.05m oz probable mineral reserve with a bankable project going through the final stages of finance approval (bottom of a big rise in SP)
Three years ago, a bloody civil war ended, with the government successfully quashing an insurgence from the North. I won't go into details of this which will be lost here...
But the syndicate hit pause until such time as things calmed down and became more stable - a clear SOP for anyone with "decades of experience" (lol) or even a casual observer...
There's a distraction in Saudi - but to focus no the main point - "TK finance closure"...
"I told you all someone wasn't happy in 2023" (lol) - the conditions precedent were published and have been (slowly) ticked off since:
- Security assurances and installations (DONE)
- Legal right to expatriate profits (DONE)
- Equal protections in law for both banks (DONE)
The last part of this was completed very recently - in May 2025 - removing all remaining conditions to proceed.
The bank "sign off" requires a "credit committee approval" (the hard part) and a main board approval (largely preocedural).
One bank has done both - twice.
The other has done both once, and is at final board approval stage for the second time (due to an uplift in lending capital).
The remaining capital needs to be assembled from a variety of sources - see presentations on website - but the bank approvals are critical.
This is in train, and about to happen.
All the knicker wetters and general scum congregate here in the meantime to fling mud and make "fat" jokes...
While we wait patiently for the news we fully expect to hear.
And yes - in before the "what about the risk" morons- yes, we all know the risks - we might all lose our money - c'est la vie - but if you do your DD - you may very well decide there is a good opportunity to make £ here..
Sign In
Follow the stocks
