Member Info for TigerByTheTail

Hi JohnnyChainLocker!
Sorry to have pounced on you.
Yes, there are problems managing intermittent energy sources such as solar and wind, and there are technical difficulties transmitting electricity over long distances. These can be controlled to an extent (batteries, smart grids, interconnectors etc.), but there remains a need for base load power generation. IMO, this is currently best achieved via nuclear fission (bluntly, better to have ten Chernobyl accidents than one global warming crisis).
In the long run the solution to the world's energy needs is quite possibly either perfected nuclear fusion or a controlled and improved imitation of the natural process of photosynthesis. Neither would have this problem.

Hi Echo!
I think that the Vast news is only "interesting" in the way that rubbernecking a car crash is "interesting".
I'm avoiding commenting on the other board, but things are clearly going from bad to worse with Vast, with the board (and their supporters / investors in the AP Group) peddling lies and misinformation to their shareholders. I only hope they don't sucker in too many honest people into losing their savings.

Bert Monro = Business Development Manager of Hummingbird. Sits on Cora's board as Hummingbird's representative. And now a significant shareholder in Cora in his own right.

Hi JohnnyChainLocker!
Your post is so wrong it's funny. I don't know if you've noticed, but technology has improved a little since the 1970s.
As far as solar energy is concerned, so much energy from the sun falls upon a single square kilometre of the Sahara that if it could be 100% efficiently converted, stored, and transmitted, it could power all of Europe by itself.
There are vast amounts of "free" energy available on this planet - chiefly in the form of wind and solar power - far more than we need. That is scientific fact.

The terms of the raise are fair enough, really, and it is encouraging that so many of the shares were taken by insiders.
Hummingbird slowly getting diluted away here. Not sure that's good for them in the long run, but that's their problem.
I'll do a little reading over the weekend and think about taking a position again here.

Hi Staycalm!
I don't think there is a "surprise" RNS on its way on Monday morning, or a takeover offer, or anything dramatic.
IMO, this rise is simply down to excellent fundamentals - good management and very strong earnings growth. Jubilee is still way underpriced, even after this week. At the current market cap and projected earnings growth, I make it that Jubilee would trade at a P/E of about 1 in 2021 / 2022. And that, of course, can not and will not be.

Hi TjWatson!
See 7/11/2018 RNS for details of expected income from Thorny River to Vuotomi (the JV in which BOD hold a share).

"The board of Botswana Diamonds (AIM: BOD) are pleased to provide an update on the Company's development plan for the Thorny River project in South Africa.
Highlights
· A mining contract has been concluded with Palaeo Minerals Pty Limited ("Palaeo") covering both bulk sampling activities and future full-scale mining (the "Contract").
· The Contract will enable the Company to self-fund the Thorny River project from bulk sampling through to mine development, assuming positive results.
· Indicated net royalties could be between US$2 to US$7 million annually based on current estimates.

Nobody knows how the financing will turn out (or, at least, I don't). But here's my punt:
I think there will be a joint venture (at project level) with Southern Copper / Gruppo Mexico to put Sonora into production. Southern Copper have the money, they have the local contacts (both in Mexico and in Sonora), and we know from Reuters that they are interested in the project.
Hanwa will also be involved and they will maintain their 100% offtake agreement.
There will be little or no dilution at Bacanora company level, not least because the share price is currently so low and it would be unfair to Hanwa (who bought in at 87p).
Reading the runes, I think the final deal must be close now - IMO, it will come this month.

Yes, I agree that the RNS yesterday reflected good progress at Thorny River. I didn't really expect it to move the share price, and it didn't. I think that will only happen when the bulk sampling actually begins, or possibly when the first results come in. Then this will move north quickly.
Hopefully, we'll also get news about Maibwe in Botswana soon. It's far too good a prospect to stay tangled up in legal paperwork.
Frankly, I despair of Vast and the Marange diamonds in Zimbabwe. I rather expect Vast's "corporate restructuring" to come as a nasty shock to their unfortunate shareholders. I fail to understand who would put money into such a hopeless mess as Vast.

56 c (in SA Rand) = 3.01p today. So a good bit higher in SA than on AIM.

So Quantock also took a hefty chunk of the placing, increasing their stake in Jubilee to over 7%. I don't think those shares are going to hit the market anytime soon.
So who else took shares?

Hi Wolfi_at!
Thanks for your latest find.
So Deutsche Lithium are hiring highly qualified staff. I make it that means the Zinnwald feasibility study is basically done, and they are confident in the way forward, both technically and financially.

Hi philandlynne!
Are they really holding the AGM at 5 in the morning as well? I know the BOD don't much like their shareholders, but that seems a bit extreme, doesn't it?
Could MarketScreener's info be off?

No date for initial Q1 production report yet on the financial calendar on the website.
Normally it comes on about the 10th of the month after the quarter ended...

Hi TopSharePicks!
Most dedicated trolling. However,
1. If you're going to "quote" RNSs, don't edit them.
2. 1 million or so warrants is negligible in the grand scheme of things.
3. The metric that matters is earnings per share. The Kabwe deal will vastly increase Jubilee's earnings per share for the next twenty years or so. So who cares it took a little dilution to complete such a favourable deal?
4. Note also, given that there may be a recession in the next 2-3 years, using dilution to mainly fund the Kabwe deal is a great deal safer than using debt.
In short, you haven't got a clue...

I can only think of two possibilities for the SP taking a dive like this:
1. The market is really concerned about the security situation in Burkina Faso (as posted before); or
2. The market has sensed that Avesoro is about to make an all-paper takeover offer for another gold miner (as hinted at previously), and is therefore dragging the share price lower in anticipation.
Any other ideas out there?

Hi Topsharepicks!
Thanks for your recent post.
I'm awarding it my special Most Under-Researched and Ignorant Post of the Week prize. Thank you for participating in my competition.
Your prize will be delivered to you by a seagull flying overhead.

And, I should add, IF Vast do somehow get the licence and make an agreement to mine the Heritage Concession of the Marange diamond fields, by NOT agreeing to a settlement with Vast now, doesn't that mean Vast will almost be forced into taking on SSGI as a partner in that venture?
(Remember, currently SSGI have the contractual right to equal any offers of finance that Vast receive).

Here's a question that's been bothering me...
Why should SSGI be in a hurry to agree any deal with Vast?
Vast have defaulted on their two loans to SSGI, which are secured against: a) Vast's 80% share of Baita Plai, and b) Vast's 25% stake in Pickstone Peerless. Presumably, the nominal value of the debt is growing all the time as interest charges and penalty fees pile up. And Vast have no available source of money to pay back these debts (except possibly equity placings). Isn't time on SSGI's side, and not on Vast's?
Surely, rather than "buying" Vast's stake in Pickstone Peerless (for debt cancellation and new real money), SSGI could just start court proceedings to seize all the assets concerned for no more than the value of the existing debts and wait for the result? Why would they settle for less than BOTH Pickstone Peerless and Baita Plai, and for no new money?
In short, doesn't SSGI have Vast in a death grip?

Just to check:
Konkera SA = Centamin's subsidiary company = Batie West exploration in Burkina Faso, yes?