Member Info for steve58

To be honest once the Ruvuma deal is sorted the board may decide to put the company up for sale.

If third parties are doing all the work what is left for them to do.

Interesting.

Look them up on companies house information pages.

They seemed to expand almost to the day their founder joined our board.

I think these were the fees for quite a few years.

There is also a monthly retainer fee which I assume was paid just to retain their services whether they actually did anything in that month.

The aborted one dyas deal cost over 500k.

Considering we have purchased just one asset in four years that seems an awful waste of company funds.

I will have to look back at the past accounts for the figures.

And hopefully a further $3 million in the next few months.

Not sure if we still hold about £500k of He1 shares.

If you value the electricity generation business at £1.5 million with about £2 million to come at the end of the month that is about £4 million for starters without about another £2.5 million by the end of the year gives a total about £6.5 million .

I think we still hold our 8% share in Kiliwani so could bring that back into play.

I’m sure Gneiss will be taking their cut.

Money for old rope.

Cup of tea for me.

The tens of thousands invested are long gone.

My break even point a few years ago was 10p

It wasn’t to be.

Back in with a small investment.

Imo will double from here once deal closes.

GLA

I assume the £150k is the tax payable on the whole $16 million and not just of the initial $3 million advance.

Orders coming in. Hotel being built.

Government contracts.

Let’s hope an ipo and monetisation of Leed 950k shares isn’t too far away.

Whenever I sell price usually goes up.

I’m still holding here but patience is wearing very thin as the months pass by with seemingly little progress.

With the prospect of a worldwide recession and gold price falling not so profitable for us.

Is it really six years since our last gas sales income.

Good to see that the board have been hard at work since.

Due to the sheer lack of strategy the last four years. All of the millions spent and hardly anything to show for it.

Now the board are sitting in their backsides waiting for the Ruvuma sale to complete if it ever does.

It all boils down to the Fitzpatrick regime and money for old rope routine.

The money was raised from the various asset sales over 8 million and we have half an AD plant to show for it.

We can all blame nr for the start of the company's decline but without his legacy assets this new board would have been history by now along with the company.

We await the first $3 million whatever is left of it.

Their options will surely expire worthless unless they get some shareholder value into the company instead of sitting on their backsides waffling on about what they are going to do.

We were told about three years ago that we would have 20000 barrels of oil a day equivalent within five years coming into the company.

We currently have a few hundred gallons a day of pig ****.

Just about sums things up the way the company is going.

Could easily be double or treble that on first interim results come production.

Investors can then see just how much money they are making.

I think there is a way of paying dividends converting the deficit on reserves by way of the share premium account correct me if I’m wrong.

The mine hasn’t even been constructed yet.

Plenty of others lining up to take our millions in the meantime.

Exploration costs, legal and regulatory costs.

Does make me think is it really worth all the expense.

They could have had some other multimillion business up and running years ago.

Plenty going on admin and we know what that means.

Seems the fat cats will be putting on a bit more weight.