Member Info for Stebol

Brel, you're spot on with regards to the ludicrous chat about removing AM and the BOD. Utter madness, as if the senior lender is going to back that nonsense!
AM contacts got us Wyoming, AM contacts got us the approach from a potential JV partner. Some may not like his style but the guy knows this business inside out and is more than capable of delivering.
You only need to watch the presentation to the Wyoming O & G commission to see that this is a professionally run outfit.
We know what news is due - everything else; cashflow, going concern nonsense, the lesser or never spotted sage grouse, bit of snow, steel pipe, the pathetic entreaties to AM here to 'please tell us something.' It's all just noise.
I'm focused on the CONFIRMED discovery and who wants in. Everything else will take care of itself in time.
Some people need to remember what they're invested in - it's a massive oilfield in out in Wyoming with all the challenges that entails, not a bloody corner shop.
Apologies for getting a bit ranty but jeez.
As always, best of luck to the investors here.

Looking forward to that PaddyG - positive news on something 100% owned like Pearl would be nice but there are plenty of other possibilities.

Ditto jf comments - alcohol helps.
Then there's always Cheltenham next month, by which time I hope somethings happening.
It's quite funny in a way that after years and years and years I'm quite relaxed about timings now. it'll happen when happens

Brel - re the disruptors. You mention one that has posted over 100 times - if you add on the unnecessary responses / supposedly insulting puns on names etc etc then those 100 posts can generate 1000 posts of meaningless drivel. It's exactly what they want and why the board (with a couple of notable exceptions) is pretty much useless.
Bring on the JV

I think we should be allowed to buy it based on Newcrest valuation of our 5% plus £1 for Telfer.
Sorted.

Nothing likely to happen anytime soon but I see that Sovereign Metals have reported decent infill results at Kasiya and are working on a PFS expected first half of this year.
It's interesting as our Mchinji license (434km2) adjoins the Kasiya license and we have reported decent grades from very limited exploration to date.
All of these opportunities need a lot of cash to explore and while I'd love to see some traction here I'm happy that the focus for now is on Songwe. Shouldn't be long now for the MDA.

Strange that anyone would have held previously on the 'assumption' that funding was secured. Funding has never been secured, not at any time.

The previous arrangement with Talaxis allowed them to increase their % by securing funding, which is not the same thing at all.

Numerous possibilities re funding, bearing in mind the demand for rare earths and the 'west' wishing to move from it's dependence on China for supply.

Talaxis is a major shareholder (part of the Noble Group) and would almost certainly be involved in discussions around offtake agreements.
International development / investments banks have been hosted at Songwe by Mkango so one would assume discussions are ongoing from that source.
In terms of Europe 'ERMA is pleased to announce that it will support Mkango Resources Ltd. (AIM/TSX-V: MKA) with securing financing for the development of a rare earth separation plant to be located in Pulawy, Poland.'
Of course, there's always the possibility of a proportion of funding through equity.

What form any of these take and in what combination is what everyone is keen to find out post MDA - it's all getting rather exciting.

As for share price - not a clue. I could say 50p then find out we're diluted 20% during the funding stage. Better off just focusing on market cap - currently well below Songwe value alone with Pulawy, Maginito, and other projects (inc Rutile) to add in.

Great news. My favourite line, 'expected to unlock significant stakeholder value and future investment for the development of Sub-Saharan Africa's first large scale, commercial rare earth mining and processing operation in Malawi.'

These guys do not go in for hype - pieces are finally falling into place.

Much to look forward to but I guess the reluctance of buyers is around funding (ain't it always).

Initial capex is US$277M excluding US$34M contingency.

Last June Mkango hosted site visits for a number of major commercial and development banks. They have also been in discussions with a number of off-takers.
Personally, I don't see finance as being a problem but maybe that's just me.
The demand for rare earths is certainly there and I like the fact that we're not a rampy pumpy lifestyle company. When they release news it tends to be significant.

Once MDA finally lands for Songwe, we've still got the feasability study for Pulawy to come (capex estimate US$120M) and the DFS for the integrated project.

There's an 18 year operating life forecast for Songwe. assumed from Feb 25 but then we also have Nkalonge Hill as a potential source of additional feedstock.

Oh, mustn't forget the recycling business nor the Rutile.

For me, this is a long term hold (been in pre Songwe pfs) and I'm not too bothered if the kids get the benefit as I really can't be ****d to trade it.

Should be an interesting few weeks ahead. Good luck to all

Longknife - I agree. The delays are frustrating as hell but as FOG is essentially a free carried passenger at this stage then what can we do?
I remain confident that if this well comes in as expected it could well put a rocket up Beetaloo development and FOG share price.
Thanks to whoever asked the Inpex question - I'd love it they became more actively involved.

Meanwhile, I continue to go greyer

Nice find newtofo - I've always fancied Inpex as a player for our wee plot of land at some point.

It's a good job we're not on AIM then

As AM has said himself, with the taxes in Nigeria, Wyoming is by far the bigger asset.
It's going to get seriously interesting when everyone else realises it.
Happy New Year all

Sad news.
Deepest condolences
sb

Thanks newtofo - seasons greetings to you, and likewise, to all the other 'lifers'.

I quite like your speculative thought so here's another one as we're in the fantasy season.

Early next year when we get the stunning flow rates we're all hoping for, there will be some form of equity raise at a much higher sp than where we are now.
Imagine if the party we were in discussions with during the 30 day window; to hell with it, lets call them Inpex; took, say, 25% of Falcon at that time? That would make things interesting.

Best wishes all

I remember some people suggesting GH was off to Newcrest not so long ago.

Newcrest will have been looking for a new CEO for some time now. It's not a vacancy you fill in 3 months

Management discussion doc was for the period to end Sept.
Would I be right in thinking that references to MDA and appointment of an independent, international law firm to review and finalise would have taken place prior to that date?
If so, it could land sooner than expected. If not, then will just have to wait a bit longer.

Art stringing us along? Really?
I'm quite sure he has more important things going on than worrying about some of the litter on here.
Whatever anyone may think, his only priority is turning COPL into a successful producer.
His job is not to nursemaid, babysit and cuddle, people who clearly have no understanding of the environment in which he operates.
You either believe he will be successful or you don't - it really is that simple.
Nigeria started looking slow to say the least - what does he do?
Keeps the company going with his own money and finds Atomic. Then buys out Cuda.
And now, on the cusp of things really turning around, we get the AM knockers flooding the board - god, it's so tiresome.
As ever, best of luck to all the genuine holders.
It is going to be great

shaa - Continental certainly have the technical know how.
According to their website (well worth a look), they can drill up to 12 horizontals from 1 pad, up to 2 miles each.
That would do the job on the 'Deeps.'