Member Info for steve58

X12 mc

600 20 ton loads a year would be about 50000 ozs a year.

About £85 million.

What a joke this is becoming.

Mid 2024 now so at least another three months yet.

Although we didn't know the remedial work failed until the recent raise.

Hopefully we will be informed more promptly should there be any further set backs which we of course do not want.

Makes we wonder if one of the syndicate banks is having second thoughts.

May as well.

The only two things that have changed is the date of the investor meet and Harry's waistline living off our money.

Looking after no 1.

Dint forget the extras such as travel and accommodation. Definitely not staying in a b and b.

I think many of us feel that way.

Many of is in at 1.2 plus.

Even upon signing may just get our money back.

All looks a mess to me.

Promise after promise from fat Harry's band.

Very disappointing at the moment with gold at all time high.

Bought in this morning at.189.

Looking at the fundamentals definitely has multi bag potential.

Great to see gold price over $2200 oz.

Worth nothing to us until mine financing is sorted.

The company could still be a rto target as cash at bank more ro come and over £7 million in tax losses.

Shareholders would then have shares in a new company run by a completely new management team.

Probably end up getting more of a return that way.

Imo probably five years before you would get the final installment. Of course this is assuming all of the Ruvuma sale monies are received.

Gas prices are half what they were when the sale was done.

Anything possible here.

Trading in the shares will probably continue until liquidation is approved by shareholders.

Mustn't forget ongoing aim fees and liquidator costs probably in the tens of thousands.

I'm sure the directors are all entitled to six months pay at least.

So at least £500 k gone already from any distribution in the future.

Not holding any shares as already lost tens of thousands so won't even bother trying to claw some back.

Good luck to anyone willing to wait at least another two years for a return here.

Does follow a pattern of many aim shares.

Cash spent quickly for little or no shareholder returns whilst the directors and associated cronies are well looked after.

Hope it all comes good here especially as the oil is definitely there and plenty of it at a good pressure.

Concerning that the same pattern is taking shape as what happened a few years back. Not spending $20 million but still getting through the cash at sn alarming pace. Why don't they just try to increase the current production from 30 barrels.

How many more placings can we expect before the financing gets sorted.

Maybe the only jetting bring dine was off on holiday.

Looking at the rns makes me wonder if any sandjetting was actually done.

Seems they wait until the rns before we get the bad news. They could have told us days if not weeks before.