Member Info for thetank

Ideas - I have been watching this board for a while and find your posts very dangerous, especially for people who are new to investing.... You try to mask your negativity / agenda through a few links and references, but it is still horribly obvious to anyone who has been around the markets for a chunk of time... Not sure if that is due to your trade, past dealing or some other reason - I am sure you will state that you hold, but i doubt it very much....

Is this the same GGG who lost most of their money in RRL a few years ago and used to turn up to investor events in their pyjamas? (can't be that many GGGs out there). Fits the profile too.

Good timing, sir.... This is looking primed to go on a run from here. A big Tunisian update has been due a while and Sarawak is closer than ever.

New shares not released for a bit, so expect it to hover just above 4p for a while yet....

Ahhh . Baroi.... Memories, all beyond the company's control, but forestry permit was due by end of Q2 2018.....

Such a drop??? Bless..... Under $900 worth of trades on the ASX! Absolute numpties trying to read anything into that!

This is a world class resource at bargain basement prices. Really struggling to see why there is so little interest here. You could easily put a case for this valuation being close to 200m, and certainly above 100m. Current value of 25m seems way too cheap.... Exciting few months ahead.....

Hi Copperpot - I have a different takeaway from that call than you. I actually thought CP explained very clearly that he needs to get up to speed on the projects, as well as his remit from the Asian investors, the need for increased speed and his business approach of reducing risk and taking partnerships / farm ins when they're available. Yes, it was a long CV he went through, but lots of great examples within that when his business ideas were clearly very successful.

Time will tell, but I think his approach (given the diverse assets we have) could be very smart. I agree I liked (and respected) the Doctor a lot too, but clearly he felt he had reached the end of the road and he realised that the major holders wanted a different pathway forwards for the company.

Not sure how this can be interpreted as anything other than - treading water, trying to keep our heads above water with our fingers crossed awaiting approvals.... Completely out of their control and powerless to do anything until the Tanzanian government do something....

Absolute mess of a company - value now £25m - priced to fail and the way they are going....

Probably they lose a little credit for procrastinating for nearly 2 years, entering into a deal that massively undervalues Ruvuma and effectively lose control of the project. Pretty sad project, so many hopes in this company from so many holders. Most would bite your hand off noew for 2.5p and an exit.

Wow, a huge rise on the ASX - let's see if AIM follows....

This is going on yesterday and today. All the key players there to present and find ways to bring this world class hydrocarbon region forwards.... Been a long way, but MAJOR Sarawak must be very close for UPL....

Especially when lots of warrants are thrown in.... This stinks on so many levels....

On thepacket.ca claiming permits have not been granted - not sure if true, but this could have spooked the markets....

£300m by Jan? Clown.... Most would be delighted at breaking 2p on CTL news and then starting to build some steady momentum upwards from there.... Tough market at the moment, most good news getting sold into....

AEX farmed out 50% for effectively $40m dollars ($5m cash and $35m well costs). I think the market is being very generous at valuing AEX at nearly £70m giving the obvious maths of the farmout, but that is for a different board....

Based on Zubair terms, it would seem fair to value Solo's 25% at $20m - so a 12.5% farmout could well raise $10m or so (more than enough to pay for their remaining share in the drill and cash left over for development costs etc possibly, assuming success)... This of course depends on if there is demand for more by Zubair or another party.... Solo seem like much better value than AEX for sure, depending on their strategy moving forwards... I am on the fence for now....

So, genuine question, are we expecting SOLO to pay 25% of the next Ruvuma drill or are we expecting them to farm-out a chunk at similar terms to what Aminex did?

Might they retain 12.5% and, in return for the other 12.5% (for example) be free carried for the next drill. Just pondering.... Not sure the total cost of the drill or if Solo willing to put all their eggs in the one basket.... Thoughts? I expect there will be news before the investor night next week....

Yes, that is the case, I know 2 PIs attending on Wednesday I think for a lunch with BM. Decent chance of news from either the nickel or vanadium targets next week which the placing money was immediately being used to assess....

I cringe for you and your MYSQ spouting over the last few months Jez, how much money has your ridiculous ramping cost fellow PIs there I wonder?