Member Info for Thales1

I've tried sifting through the voluminous documentation, but i'm unclear how many barrels of oil they are selling here. Does anyone know?

There was a brokers report a while back reckoned 5.5p as a target. Let's see if a broker's forecast is on the money, be a first wouldn't it? There has been dilution since then, but the prospective resource upgrade should more than compensate for that, plus Karush with massive potential

20m trade listed today, as a sell, but the price ticks up? Hmm

Good job i didnt sell any earlier :-)

Will the price come off a bit when the placing shares become active? I've seen people suggesting that it can be a catalyst for sp on other boards, but don't think i've ever actually seen that? But the delay in activating them may be to coincide them with JORC release and i dont want to miss that.

Looks like the Jorc/cpr is on its way shortly and looking good. Really, this company is very leaky. Still, i've got a lot of shares here, and i'm hoping for something good

GBGR isn't new as such, it changed its name from Hambledon mining. This does seem to have purged historic share chat and RNSs, although i presume regulatory stuff must still be accessible on their website. I haven't checked though. We are waiting for a new JORC mainly on their new acreage, promised early in the new year, and potentially validating a truely enormous increase. Which is why such an enormous trade now is very puzzling.

Between 25-30% of the company's shares appear to have changed hands this morning. With zero impact on the sp? How strange.

Bonkers, they currently have a trial production license. This allows them to flare the gas associated with production. But it restricts them to selling internally in Kaz at this price. They cannot flare under a full production license, so need the production kit to deal with the gas. This is expensive, and they need finance. But once build, they can go to full production, which will allow them to sell on to the international market, which should see a very big increase in their revenue. The hope last year was that the cpr would unlock funding. Unfortunately, they got stuffed on this. A clear agreement on financing should see the share price rerate - unless it involves big dilution. But it looks like the price has bottomed for now, with some signs of heavy buying yesterday. I am still holding.

This swap agreement was an appalling mistake, but this amendment does at least get the company through beyond the deadline for submitting the revised Fyne proposal. However, approval for that could take most of next year, and in the meantime they have not convinced me that they have their cash burn under control. They don't have, and can't raise, funds they need to develop their assets. They should put the company up for sale immediately rather than trying to string it out as long as possible. Yeah, they'll keep drawing salaries as long as possible, but there will be nothing left when they switch off the lights.

Posted their annual report today, and announced their AGM. The chairman makes much of the takeover of AFF, subject to IMIC shareholder approval, but they have not taken the opportunity of the AGM to seek a shareholder vote on this. Although shareholders are invited to vote on a range of other matters. Given that, I don't see how it is possible that this can complete by the end of this month. But if they pull out IMIC will be hugely out of pocket on their current AFF holding. I'm getting a bit puzzled by this. Are IMIC unable to raise enough cash to close the deal?

If you bought yesterday cash poor, I think you may have caught the bottom. And the lurch down below 24p was very short lived. The key thing for Jupiter is to sort out finance for a proper production facility, so they can move off trial production, and get much better net back. That was going to be contingent on the RAR, which did not turn out as planned (echos of XEL). There has to be a possibility that, again as with Xel, getting the finance is heavily dilutive, at least for PIs. But there is so much NAV here, a bit of dilution can be taken. It isn't completely velar what is happening on the financing/ full production infrastructure front.

It would be interesting to know who this company 'hydrogeology' are. I can't find them on-line. And interesting to know when they assessed Karasuyskoye. Surely it must have pre-dated African Resources taking over HMB. I wonder if AR knew about its prospectivity, and saw HMB location and plant as ideal to exploit it. I've only been in since AR took over. Hopefully some interesting times ahead.

No mention of Posco in the mgt summary. Wonder what happened to them. Plus equivalent of 50p per share cash on hand. That'll make the buy out more achievable, in paying off some of the bonds IMIC has issued. Still gonna vote for.

Ta, but strictly back of fag packet stuff. New management look a lot stronger, and having Kazakh nationals on board means they are much less likely get get mucked around by the Govt. 2 big buys after hours, which has been a pattern over the last few months. 400m shares in free float. Not too sure how many of these have changed hands since change of mgt, but a decent proportion, maybe 10-20%. Can't rule out another placing, but I'm not expecting it, they must be generating decent cash flow. Just need to persuade ERDB to write off their loan.

With the increase in production, at current gold price HMB market cap is around 35%below annual income from gold sales (haven't included silver). Most of the exceptional costs included in latest accounts, tailings dam and Akomola, now dealt with. Let's hope we get news that ERDB issue is sorted before a whopping resource upgrade from the drilling project, coinciding with the sharp resurgence in gold price.

Nm

See its started to recover in Oz in the run up to news

Nm

Agree, the company needs satisfactory resolution to the EBRD loan concerns, and the possibility of further fines arising from the tailings dam incident. If they can achieve positive outcomes on both of these issues, things will definately be looking up. They don't have any control over the price of gold, which is another concern, and some more detail on current and forecast cost of production would be helpful. But the greatly increased quantity of gold per ton from the underground mine is very encouraging, and I hope to see the sp above the 2p The current mgt paid. I am holding.