Member Info for TigerByTheTail

Hi Tom! None whatsoever. Under no circumstances. And in Kazakhstan, Azerbaijan, etc. Obviously, this is just my own opinion, but it is a hard earnt one. I can't really say more on an open bulletin board.

Hi Broxburn! This is the "missing" radioactivity licence you're thinking of: "the Construction Authorization by the Ministry of Energy, Tourism and Digital Agenda for the treatment plant as a radioactive facility." It goes through the Nuclear Safety Council (CSN). It is also, it would seem, the one that is delaying plant construction. All in all, today's RNS is very vague on details. It's impossible to tell if there is a real authorisation problem, or if this is just a case of Spanish "ma�ana". I can't say I'm happy - sometimes Paul Atherley reminds me of a New Labour politician, always "on message" and never straightforward and sincere.

I worked in Russia for 20 years and know personally many Russian politicians and oligarchs - really. Please accept this humble and well-meant advice - NEVER invest in Russian companies, and especially in natural resources. You WILL lose your money.

All in all an excellent RNS which answered almost all of my questions. Right at the end of the RNS, there is a section on the award of share options to Dan Betts and other key staff. The performance conditions make for interesting reading, and perhaps indicate what the company believes is really possible this year: (a) Production Tranche: 1/3 of the options will vest if 100,000 ounces of gold are poured between 1 April 2018 and 31 December 2018. The number of options vesting under this tranche shall be reduced proportionally at each date by 10% of the total for each 1,000 ounces produced in the period less than the targeted 100,000 ounces (i.e. if production in the period is 90,000 ounces or below then no options of this tranche will vest). (b) Cost Tranche: 1/3 of the options will only vest if the Yanfolila AISC (as announced by the Company) as normalised for a US$0.6 / litre fuel price and a US$1,250 gold price is equal to or lower than US$750 per ounce sold. So, 100,000 ounces of gold over 9 months = commercial production run rate of 133,333 per year, at a "normalised" AISC of $750. If those options are to be granted, that means Yanfolila will be generating a huge amount of free cash flow.

Yes, Kiyenzi is the site of the "lopolith". What Rainbow have found is not a solid lump of rare earth mineralisation, but a thick mess of wide veins and waste material. So it's not the absolute jackpot, but we are talking about very large tonnages of mineralised material, which either equals years of extra mine life (at the current 2019 target run rate of 6,000 tonnes per annum), or, more likely, much increased production per year. (Remember, the narrow veins they are currently mining are only the width of a hand, so 2m wide veins really are a lot bigger). Frustrated that the drilling of the carbonatite pipes is taking so long - they are still an open question. Probably there have been weather delays due to rainy season. Overall, OK to good, IMO.

Hummingbird (HUM) - currently trading at 2 x next year's estimated free cash flow Amazon (AMZN) - currently trading at 176 x next year's estimated free cash flow Hmm...

I too would also like some clarity on the permitting situation. As far as I understand it, Stop Uranio are still actively protesting against the mine; and it's obvious that BKY are not yet in a position to start full-scale construction of the plant. I'd appreciate a roadmap and a timescale from the company. As for the U3O8 price, we're still painfully grinding along the bottom. But I begin to see signs that things will improve by the end of the year. The huge glut of yellowcake above ground is slowly diminishing; things are turning around.

Hi Rosewall! Yes, a lot of BMR shareholders are being really naive at the moment. 1. Obviously the JV with JLP must be signed BEFORE BMR can raise any new equity money; without the JV BMR are quite simply bust, and only a complete fool would give them any new money. 2. I imagine that relations between the two boards of directors are as bad as relations between the JLP and BMR boards here on LSE. Alex Borelli out and out lied to JLP (and to the markets) about the mining license status, and I imagine JLP are seeking his resignation as part of the JV negotiations. 3. I think if everything was smooth and easy, the JV deal would have already been signed. So, I'm expecting this to go all the way down to the wire tomorrow. If Alex Borelli is unreasonable, JLP may have to launch a hostile takeover bid or force BMR into bankruptcy.

Hi Lobon! Look at the "post a message" window, there's a "filter" button at the top right of it. Just click on it, type in the user names of the most tiresome offenders, and, hey presto!, they vanish!

Hi GoldenBull! You're right to fight back some of the whiney drivel posted on this board, and I applaud your efforts. I'm just a bit tired. Let's take BorderTerrier - a week ago he said he had sold out, and now we're meant to believe that he hasn't. On Wednesday he had killer inside information from "a friend in Nottingham" that there'd be an RNS yesterday and the SP would soar. Today he is back to his usual self-piteous moaning. I don't even know how to reply to that kind of garbage. Anyway, very happy to hold HUM, and indeed to add to my holding.

Hi Kadavul! Pageant held 2.8% in HUM at the time of their recent backdated TR-1. I think we can fairly presume that they've been selling down since then, and after the big 1.5m sale a couple of days ago, I guess they must be down to about 2%. Since they've now dropped below the 3% notification threshold, we will never know for sure how many shares they have left. BTW, I don't recognise your figures for the other major shareholders of HUM? Are you sure they are right?

I've also filtered out DavidBrent, BorderTerrier, and PerryStalsis. There's no point in engaging with them. Meanwhile, very happy to continue holding HUM.

Honestly, I don't understand your post at all. Not the words, the logic. What dilution? JLP have $50m of project finance available. And, no, Kabwe isn't a done deal. Not at all. FWIW, JLP also have the right to take part in any future BMR placings, if they so want.

In the last interview Martin Eales made it clear that the drill results would come sometime next week.

IMO, the after hours trade was a sell, to more or less match the 1.5m trade in the morning, which was a buy.

I just read both the JLP board and the BMR board from yesterday. All I can say is I hope the hangover isn't too bad. I'm also really not sure that you should be playing the stock market, especially AIM. It seems to me that you know very little about money and business. Advice meant in friendly way.

Eagerly awaited drill results due next week. I wonder if we'll get a few people buying in today...

Great find, Kadavul - many thanks! I think the picture is pretty clear now; Pageant (i.e. Nick Furlong) are willing sellers of HUM down to about 31p, but no lower. After yesterday's big sale they must be down to a stake of about 2%. IMO, the two open questions are: a. Will they stop selling at some point, and keep a small stake in HUM? b. Will an institutional investor come in and take Pageant's shares off them in one lump? If the answer to both questions is "no", it could take us a few weeks to get through this quantity of shares.

For me, from its time stamp, the 175,000 trade is a buy - the share price then moved up 6 minutes later.

Seriously, folks. Vast has just done an extremely good deal to buy a share in a perfectly good gold mine (Eureka) in Zimbabwe for pennies. There may be more deals like that to come. And you're complaining of boredom? I have no idea when / if the Balta Plai license will arrive. But maybe you're looking at this all wrong? Thanks to a unique set of circumstances, there is now a fire sale of excellent mining assets taking place in Zimbabwe, and Vast (and other Zimbabwean operational miners like Caledonian) are in pole position to take full advantage. Remember that Zimbabwe has a long tradition of mining, and was once the third-placed African producer of metals, before Mugabe wrecked everything. This will all come back now. And Vast's time and money are better spent there than pursuing a licence that has been already delayed so long.