Member Info for Simms45

Brakes are off now seller has gone for now. Nice steady build to AFC ratification then we will move forward at a faster rate. As long as tick those boxes off we will propel forward. Looking for a good move end of the month back to .8-1p

Feels like someone is pinning us down at 6p. Steady £10k type sells going through but once that holder is out we can push on. I did hope we would get an official RNS confirming mine equipment purchase and timeline as if they do secure a second hand setup we could potentially find 3-6 months shaved off the build time.

That 22m seller has been holding up progress in the share price that without the seller would be motoring. So far nothing to doubt AFC getting ratifcation and all debt in place. As long as shareprice is 1.5p then Harry pockets £400k bonus. For once it looks that motivations align. If we get even a wiff of a Saudi deal on top we will smash 1.5p in a heartbeat. Even our steady ticking off will propel us there in time. Lets see if anything comes of February as we are priced for nothing to happen so anything happens we could start some real momentum.

A bank has already worked over the Italian plant and was happy to make a 3m euro refinance based on the plants ability to repay the loan over 10 years and they held back pending performance improvements. We also had latest interims stating Italian plant is stabilised back in sept and we bought land to manage expansion easily. the next update will no doubt confirm previous updates but it has been used as a reference site so i think this should be parked as anything different to former update would need to be announced. Next update could be a barnstormer!

Absolutely right there was outrage when Harry tried to sneak a bonus without any share price target. At least having a target means he might consider raising debt and not placings as while he gets free stock, warrants, and salary shareholders only benefit from a rising share price. At least we have a small lever to try and reign him in. 1.5p is very doable. If we well Saudi we will smash it and if we get Ratification and debt finance you can be sure Harry will want to collect his £400k asap so will work the shareprice up, even though it will probably smash through 1.5p anyway. Big if as Harry has kicked cans for too long but if we get what is expected all will come good!

The first prize for Harry will be the £400k on granting credit approvals and 1.5p. This could happen as early as the end February!

"STI Bonus 1: This bonus is awarded upon the granting of credit approvals by the lenders to the Tulu

Kapi Gold Project. Additionally, STI Bonus 1 will only be paid when the closing mid-price of the

Company's shares is above 1.5p for five consecutive trading days¹."

As long as Ethiopia happens anything under 4p in the medium term is a bargain entry. Since Harry has not said otherwise there is no reason why all of the targets in his last RNS will not come to fruition. I think the Saudi offers might be a little early but given the frothy nature of Saudi i can see big players paying £30m+ just to sit at the table with Artar who have a serious catalogue of decent claims and Hawiah is massively important. Its just a total disaster Harry has been so slow sorting Ethiopia that we are given up a huge windfall but needs must. Disappointing it will not be Kefi but £30m+ cash would do wonders to shareprice. For a start we can forget requirement for investors if we need to.

Exactly. If we get the two updates this month i dont see why we will not start some proper upward momentum. Get a Saudi £30m+ offer and Bingo this will sky rockey! If we get ratification etc at least a nice 25%-100% rise but i am thinking getting back to 2p+ by May as long as Harry is on track and delivering on his time table. Plenty could happen next 10 days.

I guess we will all have to wait and see what news lands in the coming weeks. If you came into this with fresh eyes we are in a far better place than we were in 2021. If you compare the number and size of projects, the revenue, the partnerships, the projects complete or close to completion we are hands down a better company but instead of £50m-£250m we are £2m. Of course the last 3 years have been unbelievably painful from a death spiral of placings that are the root cause of where we are today. I am just expecting some projects to come to fruition and DP can keep his hands in his pockets, big ask i know!

That must have been the reason why we spent $5m on a mill then, just to keep up the charade that we always planned to sell the asset? Metals will finally put this to rest and get the mine operational and quicker than it took MC and Mellon to sell it!

Greg S confirmed cold commission is underway so we are testing everything before they fully power up and add materials. This is a key milestone and hot commissioning will start as soon as practical. Key is that Northfork is not mothballed or delayed any further.

Key is Northfork is coming together. Q2 can also mean April :)

Greg Stangl said in a recent webinar we are in cold commissioning and live in Q2. He did say Q1 before but into the final stretch on Northfork. Obviously Wilseyville and many others are waiting on this. If Northfork works well (it should as Movialsa in Spain operational last 10 years with high operational efficiency) then others will happen. I would like an update but want deliverables reported. Also Gardanne got more state funding so i am expecting something on this biggie soon, at least next phase of service contract.

I have a good level of dry powder but waiting on news, i might miss the bottom but the potential growth over next 12 months could be substantial, but we really need a decent project to get signed off. I am keen however that as many PIs own a slice of Eqtec. Northfork however is moving along nicely and an RNS confirming it is live should do wonders for the share price along with our 25% stake returning to our battered balance sheet where it was written down to 0 when it entered Chapter 11. However US market after recent wildfires must be enormous. This sort of tech is right up Trumps alley.

Goodbye 6, hello 7/8/9/10…. Follow the directors who will have a lot more detail on Metals future. One of my future checks for any new investment is whether directors have made open market buys. Says a lot about their approach to the future and i would say Candy snd Drachs will be driving the dividend machine coming down the road :)

Follow the smart money. Always great to see directors buying in the open market. Means there are no placings anytime soon so only chance to top up :) my experience of stock where directors do not buy is they know placings are ahead. Great sign of future growthbin share price!

When you add in Logik settlement £2m and MNRG share sale £200k and both placings £.85m and £1.1m (not forgetting converting Altair and Pitcole debt to equity we are well over £4m in the door. Throw in £1m of revenue from sales for first half and presumably more last 6 months While we are burning money as long as things continue to grow then this £4m will go some distance , certainly up to 12-18 months. This also is on basis we do not land a big deal in meantime.

There are murmurings on Gardanne state funding allowing the project to progress to next stage (presumably benefiting Eqtec downstream) and Northfork cold commisioning underway. Yes until we get a cold hard signature saying Eqtec will be a recipient of some of that cash or we are out of chapter21 on Northfork there is not much Eqtec can add. However things are turning in the background and revenues should rise as a result. I think Eqtec must be looked at with fresh eyes. £50m invested, dozen projects in different stages, £2.5m from placing last September, revenues rising, overheads trimmed and we are worth £2.4m. Still a risk but the profile fits some investors looking for outsized returns if this comes together. I am waiting for news now as took a hit on last placing kneecapping by Palumbo but i think something will drop in next few weeks to see this back to 1-2p. its still a silly market cap if any of this comes together but i also agree the conflict of Palumbo and Altair and many placings has been disastrous for confidence and bod have a lot to deliver to attempt to repair that.

Key for buyer of Kefi stake is Artar. They have pole position on future staking and very integrated into Saudi circles. 15% gets a buyer at the top table ans to some big miners this is worth a lot more than the £30m+ price. I suspect very strong interest as this opens a massive doorway when you conside just how many licenses we have. Its a shame we are selling but Harry completely dropped the ball on delivery of TK on time. This is punishment but from current holders £30m would quadruple shareprice and then some so i think we would be happy tovmove on from Dilution Harry and get on with TK and share buybacks!

Some people are just trying to get a lower entry with silliness. Probably many of the lt Condor holders might have sold out. 5p was on offer last week which was a gift. Anyone on the fence its worth considering the news on current quarter of gold revenue is likely to be perky and RNS on start building a mine in Nic will bring some focus to where we are heading. I have rebuilt my position in Metals thanks to some of those exiting. atb