Member Info for Toffers

One of the cases it has, has now been settled. Looks like Tanzania don't want their mining reputation tarnished, especially as the Belgians are now looking to invest in it also.

https://www.africanlawbusiness.com/news/21957-tanzania-settles-mining-licence-dispute-at-eleventh-hour

That's more than a lot of listed companies who have much higher sp's with no revenue at all! Keep it coming.

"In the UK, the Company is pleased to report cumulative revenues of over US$22,000,000 from Wressle, net to its 40% interest, where the view of the management is that the most productive phase of development lies ahead.

"Also in the UK, ongoing site improvements to the Keddington production asset, in which Union Jack holds a 55% interest, are progressing well and production is expected to commence in the near future.

Reminds me of a 'publican' who is as dodgy as hell and claims "insider" info, with the initials LH, from the welsh valleys, all from similar stables, to be avoided imo!

That's not an "insider" shaml89, why is he classed as an "insider"?

Can someone tell me how GI was classed as an "insider" please? What non public info has he been in receipt of? the internet seems to class him as an "insider" for some reason.

So you are a publican Ryan? not everyone sees this as "time gentlemen please"!

So GoldInvestor is Ryan? 2nd rns - 8.3?

As someone else alluded to, they will get shot of Mali, not difficult to see what will happen there is it! Nioko will not lose their investment, they will see this through imo.

Ilovesushi, you can't just go in to administration! Get real!

RB, you seriously think that would happen after the 8.3's?

Https://code.thetakeoverpanel.org.uk/tp/rules/rule-2/rule-2-5.html

what's the issue? most of it relates to bog standard warnings!

DavidBrent, well there's plenty of buys floating through!

Not sure what you're talking about here?

https://docs.londonstockexchange.com/sites/default/files/documents/AIM

2.5 of The Listing Rules does not apply to any such conditions either

Nioko's interest is too high BushyTailed, they are not going to let that go. They will take the rest from remaining shareholders and de-list. They can't offer any less than the 2.6777. my views, but let's see!

From that rns,

"Alongside this advance, CIG has proposed, and Hummingbird's Board has agreed in principle, to a debt-to-equity conversion by CIG, whereby the principal amount outstanding under the New CIG Loan would be converted into new ordinary shares in the capital of the Company to be issued to CIG's subsidiary, Nioko, at a conversion price of 2.6777 pence per Ordinary Share increasing its voting rights to approximately 71.8% (the "Debt-to-Equity Conversion") on the terms further described below."

Nioko will buy the rest of the shares from shareholders at 2.6777, they already own 71.8%, you think they are going to let that go? of course not! my views.

To the ML! HUM!!!!!

To ML! BP rising! :)

Then again, no need, just ask Graham Jacobs, he worked for them!

Really? Perhaps you'd like to buzz orca energy and ask them for their views?

https://www.offshore-energy.biz/african-country-hit-with-1-2-billion-claim-as-orca-energy-embarks-on-legal-fight-over-breach-of-gas-contracts/

I'm not a muppett thanks, as I have always said, I do pros and cons for my investments daily. At the moment, this one is causing a little bit of anxiety. As I alluded to in my post, lets hope it comes good, but I hope it comes good on a decent investment strategy, big JV partner, or a buy out!