Member Info for timst

Welcome but on swingeing terms, no time limit:

"EEA is entitled to purchase 30.44% (or 15.22% if reduced by 50%) of gold produced at Sanankoro at a price equal to 20% of the prevailing spot gold price"

I don't see anything in the RNS about Aura delisting?

"The Company expects:

...

o Gold production of 25,000 to 28,000 tonnes"

5p? You'll be lucky! I'd guess 3p or below.

Quite so, at least with tulipomania you got a tulip!

Steady on, all they are announcing is the start of explo drilling in a copper prospective area. No need to get carried away!

Revenue yes, but 'the Board expects adjusted operating profit for 2024 to be significantly below the prior year'

'While the Group's robust net cash position provides it with a strong financial underpin for its committed spending requirements, it is nevertheless a limiting factor on the extent to which we can take advantage of market conditions and further develop our pipeline. In light of this, the Board is undertaking a review of a range of options that may be available to enhance its medium and longer term funding position, thereby allowing the Group to capitalise on a market recovery.'

"Together with the initial settlement payments announced on 9 May 2024, the settlement payments to the RHL Group and MTL Lux represent 100% of the amount that would be due to MTL Lux and the RHL Group (respectively) under the Company's mezzanine facilities were the rate of 15% (as opposed to 7%) to be applied up to 31 March 2024." At least this should put the sorry episode behind us.

Solar modules deployed in France in 1992 still provide 79.5% of original output power

https://www.pv-magazine.com/2024/06/07/solar-modules-deployed-in-france-in-1992-still-provide-75-9-of-original-output-power/

Nosediving by all of $4.50 at present. Nice try.

Political risk? For example this piece in today's Torygraph. Good for gold in general but might there be a risk of seizure or compulsory purchase of CMCL's gold?

"Zimbabwe returns to gold standard in battle to kill off hyperinflation

Zimbabwe has launched a new gold-backed currency to replace the dollar, in the latest effort to shore up the perennially crisis-hit economy.

The new currency, which is called Zimbabwe Gold or ZiG, is being issued at a value of around 13.5 to the dollar, and 17.1 to the pound.

The central bank has given the Zimbabweans 21 days to convert their old dollars into the new currency, with newly printed notes and minted coins to begin circulation at the end of this month.

John Mushayavanhu, governor of the Reserve Bank of Zimbabwe, said: “We are doing what we are doing to ensure that our local currency does not die...."

https://www.telegraph.co.uk/business/2024/04/08/zimbabwe-returns-gold-standard-effort-kill-hyperinflation/

"Wins significant early commitment for accesso Horizon"

"Will move quick and likely on some news......". It did that all right!

Daily Telegraph today:
https://www.telegraph.co.uk/business/2023/05/04/lawyers-ai-chatbots-legal-documents-lexis-nexis-chatgpt/
"LexisNexis is owned by Relx, the FTSE 100-listed media and analytics company. Last month Relx was the only British company to be named in Bank of America’s list of the top 10 businesses most likely to benefit from AI."

If the Guardian article is correct, today's bullish update is highly misleading.

In reply to Fuzzbox, the "®" means registered trade mark. Legally much more meaningful than "TM" which implies not registered.

Ukraine hails GPS-guided Excalibur artillery shells that can hit a target 25 miles away with pinpoint accuracy

https://www.businessinsider.com/ukraine-us-excalibur-artillery-shell-accuracy-2023-4?r=US&IR=T

What is the point of this RNS when there is no information on the interest rate(s) applicable?

Mark Costar, manager of the JOHCM UK Growth Strategy fund on IGAS:
‘It trades below the value of its tax losses, let alone its profitable producing assets,’ he said.
Costar was confident the company’s geothermal portfolio would drive significant growth.
‘It’s got the UK’s largest geothermal portfolio out there,’ he said.