focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Well the RNS and presentation were a bit of a damp squib for me. Was really hoping for news in both rather than the facts that have been out there for months.
Surely we are due some new facts and figures soon?
Her or - I prefer the positivity from someone who is invested and positive even if it appears a bit rampy. Far better than your constant negativity and deramping.
You should change your name to pot kettle black or just go and post on a share you like and are invested in?
Minister Mavunde calls for GST to be the first part of accurate laboratory information
Laboratory installed equipment and modern installations
GST workers to build more capacity
Regional labs built to move services closer to miners
Minister of Minerals. Anthony Mavunde said that the government under the leadership of Mr. President Dr. Samia Suluh Hassan has set out in the 2024/25 financial year to begin construction of a large, modern and well-equipped laboratory to be built in the Kizota area of Dodoma to match the pace of growth of the country's mining sector and the expectations of stakeholders in general.
The construction of a large and modern laboratory will coincide with the construction of regional laboratories and the capacity of GST workers to keep pace with the rapid pace of global technological development.
Mr. Mavunde made the remarks on April 24, 2024 in Dodoma at a joint session to discuss how best to work together all the staff of the Tanzania Institute of Geology and Minerals Research (GST).
"Our primary responsibility is to ensure that this institution makes a significant contribution to the development of the mining sector here in Tanzania.
He added that the lab data from GST should be reliable and accurate for miners a role that as a government cannot evade.
Https://www.madini.go.tz/page/f1f405cb-580a-4e75-8fcc-7c01c29fe285/
Mining Minister Hon. Anthony Mavunde has outlined a government plan to help solve the challenges facing small-scale miners in the country.
Minister Mavunde made the remarks today on May 9, 2024 in response to a question. Dr. Christine Ishengoma MP for Special Chairs who wanted to know the Government's plan to help the small miners in Ulanga District.
He added that the government's plan to help small-scale miners in the country, including the Ulanga District miners, involves a range of issues including
investing in extensive research to discover the presence of minerals in various areas to better guide the miners.
"Mr. Other areas are the granting of mining licenses to small miners; provide education on the use of the right extraction technology to increase productivity; low-cost mining service through the National Mining Corporation (STAMICO)," said Minister Mavunde.
He also said that another plan is to facilitate access to affordable loans for miners; and the opportunity for mechanical and equipment leases under the supervision of STAMICO.
A placing is one option but not the only one Dazed but you post with some certainty so assume you have a better source of information than the rest of us?
I also feel that an RNS is imminent for the simple fact that Lorna is presenting next week in London and I suspect she will want to deliver a presentation that doesn't just repeat what everybody already knows. The only way she can present new market sensitive information would be by issuing an RNS before hand.
GLA
Credit to Jammy on another board.
https://geoexpro.com/helium-the-birth-of-a-new-exploration-industry/
Thanks for sharing LOTM.
On the same slide that you refer to I also like another point that Noble make:
"Helium is extremely rare and there are few places in the world with the helium potential of the North Rukwa."
I think most of us HE1 investors knew that but it is nice to see another company of relevance confirming it.
Hi Blu
"If they do raise by the issuing of more shares then of course this will dip back under 1p"
"I don't think you can assume that. If they place shares above 1p there is no necessary reason that the SP dips below 1p."
Maybe I should have said may instead of will but the sentiment remains the same. If there is a placing then the sp will dip and it just depends if and when that happens, but if it happened at current sp then it would I believe dip below 1p based on sentiment in the short term.
That wouldn't concern me initially, although I would have to keep stuff from my wife in the short term as I am heavily invested here and already underwater at present. But that is my risk and happy to hold and be patient. Will buy more next week at any price when I win a million on the Premium Bonds!!
GLA
So many people posting today about another raise as though it is going to happen today and like they all know for a a fact.
Will/does the company need more cash?
Yes.
Is a placing the most likely option to raise more cash?
Yes but it is not a given as there are alternative options?
If it does happen then when will it be?
Nobody posting on this board knows that for certain, nor do they know how the cash will be raised.
If they do raise by the issuing of more shares then of course this will dip back under 1p but that would just create another chance to top up, because in my humble opinion, whether it is in 3, 6 or 12 months hence, the share price will look a lot different to the way it does now, or even after a placing, if that is the way they go to raise more cash.
So you either trade and risk being out at the wrong time or hold for the long term.
GLA