Member Info for steve58

I don't think we should put another penny into this.

It's already cost shareholders over 40 million if you add the costs incurred so far and the fall in the sp.

The sp would probably rise if we just walked away.

An absolute farce imo.

Since nr stepped down we are about 35% down.

I wonder what would have happened if he had stayed.

Nice to see another rns having a positive effect on the sp.

Only 93% down now.

Why couldn’t this news have been released last Friday.

Good news however how long until producing again is what concerns me.

Now let’s get producing again.

Kn1 update

Good morning to you.

A dramatic end to a very quiet week.

Regarding nr I know we all moaned about him but what assets would we have had without him.

As for the board at the other company imo once farm out agreed I can see not much of a future for them. As they are no longer the operators or calling the shots.

After today’s Rns imo it will make solo even more determined to monetise as soon as possible.

I would think that solo will comment on today’s Rns. It may change the way they wish to keep farm out or sell their Ruvuma stake. Today is probably the first time they have seen it.

Down 91%. Only about 70k.

Other than ferranti 25 years ago the second worst investment I’ve ever made.

I'll get back to you later.

Aminex down over 10%.

Let's hope it doesn't do the same here.

At least we have our other investments.

I think I meant to say that licence may not be granted instead of not granted.

The thing is can solonly afford to wait another couple of years for any meaningful income. Maybe we should buy out the others kn1 shares and get it sorted ourselves. Although strictly we are a purchase investment company. Our board certainly has the clout to do such a thing.

I think a short bath and 96 bottles of wine.

I think we all need to be drunk to make any sense of any of it.

Seems it just gives us the full history of the company from 2007 to date. Although very little seems to have happened this year.

Looks like production at 2020 at the very earliest

Couldn't read anymore after page 26.

Seems that everything is against then. Seems the remedial work may never get done the licence won't be granted.

Do solo shareholders get any say in the farm out.

We do of course own 25%?

I honestly wouldn't want to call the vote either way.

Basically nothing has happened in the last few months and if they don't vote it through they are up **** Creek.

No wonder it's been so long in the pipeline so to speak. It's going to take most of my Xmas holidays to read it.

Getting ahead of myself.

Was thinking if licence not agreed by 21st aminex would find themselves with some explaining to do.

Apparently Tanzanier government in recess until 7th Jan. So could be a vote on the farm out without the licence.

Trying not to laugh.

Not on their website yet.

Probably just dotting the i’s and crossing the t’s in imminent.