Member Info for Thornback

Is that an educated guess Ttl1 or have you been in contact with the company..?

Great post Brad, can Dr Ian's involvement help with increasing reserves to aid the Orapa project.?
I do hope so.

Good post mfm.
I'm particularly excited about Orapa and think that is most certainly an option

DtE, i was only thinking about it because I don't think you could paint a dark picture of this now but I get your point.
Anyway is that the last of the sub 2p's I wonder......

Is mrmoagi still here..?
I'd be interested to read his take on the current situation if you are.

Cheers Brad, not sure how that slipped my mind.

Don't forget the Company and BPOPF have agreed preliminary terms for the Equity Investment portion.
If TLOU and the BPOPF finalise this then Doc Campbell's % would drop considerably.
Could it be that the BPOPF are going to come back asap for their equity share whilst the sp is still so low..?
Any thoughts

Really pleased the way we are now moving.
I've been down the back of the sofa for any loose change, it's great buy price based on where we now find ourselves.

This BB has been absolutely destroyed with garbage.
If only we could get a few posts that were UOG related.

Thanks Mike, sound advice.
We've both been here a long time and it's been a sh*t show from the company.
Take care mate.

I'm not sure tbh TP, they'll only need to buy 70% max though (probably nearer 65%)

Adw, my sentiments exactly mate.
Unfortunately the CEO is incompetent of producing a decent FS even with all the funds reveived over the years.
He'll come away OK tho no fear there.
I'm not sure there was any third parties either tbh, just more bullcack and blarney from Manini.
Like you say it's a lesson learned

I kust had another read of last Novembers RNS and am cringing.

So now instead of putting up $50m in tranches for a 51% stake in BKM, DOID can potentially be owning circa 40% of the entire company including Beutong for whatever price AE sold their "windfall shares" to Gupta plus $8m if they take up the other $5m on offer.
Someone please tell me that's incorrect.

Yes albeit with another 230m shares added and another 380m on offer.
Also what happened to the other interested third parties..?
Onwards and upwards.....

Actually thinking about it, maybe we should be happy if DOID do take more shares even at a ridiculous price.
Maybe that's the only way forward.

I'm sure they can get a good return.
DOID also have the option of another $5m of shares within the next 12 months which if the SP stayed around todays price would mean they hold a circa 40% stake in the company.

I wonder how long the placement money will last Asiamet, I do hope it's a reasonable amount of time.
GLA

The Placement will occur at an issue price of 1.15 pence per share, a 17.5% premium to the 10-day VWAP.
Is that supposed to make it sound like it's a good deal for Asiamet..?
They are paying just $3m for another 9% stake.
Not sure if it's the AE debacle but I struggle to see any positives with this company any more.
I do hope I'm wrong

Yes smkr, I had another little top up myself today.
Also from the RNS it appears Dr Campbell wants more than this initial purchase and could well get a place on the board.

Agreed, great RNS.
I'm looking forward to this next 12 months.
It looks like things are finally starting to take shape.

The ASIC Investigation is now concluded with TLOU paying $53,280 without accepting any infringements but to bring the matter to a close.
ASIC has advised TLOU it will be taking no further enforcement action arising from it's investigation.