Member Info for steve58

Not sure if longstop date can be extended.

Maybe we can keep the advances and the asset.

May even be for the best.

If we kept it shareholders would probably be happier than with the current crap deal.

I can see a share raise at a much higher price.

The board should ditch their so called strategy and go back to where real money can be made.

We could easily make that $16 million in under six months. Why wait 20 years for the next AD plant.

Just checked.

21 days includes all days of the week so up to about 9th June if announced tomorrow.

Sure hope so.

Minimum of 21 days notice.

Not sure if they have to be working days.

If so we are halfway through June already.

So if they are hoping to get have one next month they had better get a move on.

At least we won’t have to worry about getting the board to resign.

Apparently we would have 90 days from when they ask for repayment and at their discretion it can be converted into shares.

Nothing like a bit of dilution.

Ot is starting to look like it.

A crap deal that looks to be in no hurry to complete.

A board that has spent millions and achieved almost nothing.

They have been spending having due diligence done on deals that never start.

Complete farce.

Maybe the board needed to go although probably too late now.

Over four years for half an AD plant and a name change.

Was the promise of more deals bit without money they won't happen.

Apparently it is the Ethiopian government have to agree the deal.

If that is the case may not happen.

I think the drilling licence expires in three months anyway and that took ages to renew it last time.

Not sure of cash situation but can't be much left.

Morning Chris.

If we ever actually receive it.

Longstop date approaching fast.

No money for AD plants.

I think the prolific loan has now been settled.

Not sure if still holding helium one shares and nothing on the £250k that was going to be received from an old share investment.

Hope for some news soon to get the sp moving in the right direction.

Gas price is actually lower than when the deal would have gone through.

Although we would have made tens of millions in profits in the last two years so would have been paid for and we probably would have kept our Ruvuma stake.

Well at least we have 1/2 AD plant and £5 in the petty cash tin.

In four years they can hardly say they have made progress. Changed the company name spent all the millions from legacy asset sales and seen the sp get lower and lower.

It can't slip into quarter 3 unless longstop date gets extended.

Imo with income due by end of year they may do us a favour if it reverts back to our ownership.

With 21 days notice minimum almost into June already.

Thanks for info.

Completely forgot.

I thought they had to be reported within 4 months of the year end.

That would make the deadline today.

Although can’t be much to report.

Looking at the glum faces in the room I reckon it wasn't trapped for long.

Would not be advisable to sell today.
With finance sorted and resources in place at current gold price. I would like to think the sp will rerate very soon.

Looked on website.

They have a contract to build at least 400 houses.

Looking better for a potential ipo and monetisation of the investment
for return to shareholders.

Hope so.

We of course still own our 8% stake in kiliwani north. Some helium one shares still I think.
Gone quiet on the corellan stake sale.

If for some reason the sale doesn't go through any monies owed could be repaid from gas sales later this year. Imo if sale didn't happen the shares would get a boost and a raise could also be done with less dilution.

Only 9 weeks to longstop date.

Carry on posting then.

I was under the assumption that production was being fast tracked to the end of this year.

We should therefore get our money much quicker.
If you are avoiding this share why continue posting about.