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I think we haven’t heard anything due to some legalities needing settling first re the historical shareholder nominee as mentioned in the subscription RNS. I think AP is looking to deliver one bumper RNS soon detailing approval of the association license, tranche B drawdown conditions met and as such funds drawn/soon to be drawn and any other tidbits he wants to put in. I know the silence makes some nervous but I’m firmly in the ‘believe’ camp when it comes to BPL. It’ll happen and I just think we’re waiting to dot a few i’s and cross and a few t’s before news can be released.
Thanks for clarification, Angus. Indeed, we must be close now. I’ll be ‘watching’ very closely this week. Here’s hoping it finally lands.
Angus, did you genuinely speak with AP? If so, can you expand in detail the conversation you had please? Thanks in advance.
It will come angus. Makes no sense to whatsoever as to why the Rom Gov/ANRM would allow all these 'remedial' works to be carried only to not issue the association license and no mining to occur. I know stranger things have happened on AIM but I don't see it here. Are these sells T20's closing but not being re-opened? Who knows but I'm not being shaken out and firmly believe we'll turn the corner soon.
.... the Company has not yet been able to draw down on the $5.5 million Tranche B Mercuria offtake facility ON ACCOUNT OF AN ADDITIONAL ADMINISTRATIVE ISSUE THAT MUST BE RESOLVED IN RELATION TO A SMALL HISTORICAL NOMINEE SHAREHOLDER OF AFRICAN CONSOLIDATED RESOURCES...... The reason is STATED right there in the paragraph you muppet. Filtered, not engaging with a troll who is vying for attention by turning the board into dissent. If you don't like what you see here then sell up. Simple.
It is frustrating but the real money is made in the waiting as old WB likes to put it. Genuinely think we will get the license and are closer than ever to securing it but the closer you get to the finishing line, the more anxious/frustrated you're likely to become.
Would personally rather stick to solid facts than any 'cross-ramp' tweets. *IF* BHP are sniffing around then all well and good by until it's stated officially then lets just keep our feet on the ground and manage expectations. On another note, and I'm one of the most patient investors around, where is this damned sign off for BP? We've agreed terms, had an endorsement from the Minister of Economy so lets rubber stamp the damn thing. Getting rather tedious now.
Let’s all manage expectations I would caution. And let’s also finally see that RNS land; ‘Baita Plai License Association Awarded’. Titled just like that too, if you could please AP.
Why would you need an II? If you had a broker willing to lend you the shares then you could do it. Plenty I know managed to get a borrow on the fraud that was CTAG. Also know of others who shorted UKOG too. If can you get a borrow then all well and good if shorting is your thing.
I've checked on https://shorttracker.co.uk/ and there are no disclosed shorts on there but that doesn't mean to say someone isn't short or hasn't had the balls to do it. If they can get a borrow and they're confident of a drop then some will go for it.
I didn't say it would have an effect, I just stated that can go 'short' so to speak. If you're convinced a stock is going to fall then simply betting on that direction of movement is going to net you profit regardless.
Cast, I just DID it ffs!
Really Cast? I have my spreadex account open in front of me right now and I can 'sell'. In fact, I just went short just try it out.
Cast, VAST can be shorted. Maybe not in the traditional sense of getting a 'borrow' on shares but you can go short via derivatives such as CFD's/spreadbet etc.
...raise at 0.645p.
Succinctly put Ian.
....looking strong. 3 on the bid plus I’m also seeing DMA’s in the book too. Very encouraging.
Many thanks Lee. Much appreciated.
Lee, great post and agree with all your comments.
This bulletin has again been released as a GNW (check on on Investegate) rather than an RNS and as such has again failed to appear here on LSE which i think doesn't do the news exposure any favours. Can you please get in touch with AP and ask him to address this issue please.