Member Info for Toffers

Sorry, grammatical error, should be your

Fubar, what I do and why I do it is not of any concern of yours. DYOR and make your own decisions, but I doubt you hold any shares yourself, you're employers might though!

Fubar, I haven't come back in today, I've added today.

Fubar, how many times do I have to state, I sold some, not all. I've actually bought some this morning on the back of that info I found and posted here which shows the ML licence transfer for that matter happened within 2 months, so we must be close.

Gunto, yes, so we must be very very close hopefully, fingers crossed, any time now :)

Pwil, I would have thought the company would have to rns that if true, as it's a material change in circumstances for the present time, and the company have already rns'd to say the application has been submitted of course, so it would constitute a change. Anyone else's thoughts?

"Issuer: Goldinvest Consulting GmbH / Key word(s): Contract/Expansion

07.11.2024 / 15:01 CET/CEST

The issuer is solely responsible for the content of this announcement.

With effect from October 30, 2024, the Tanzanian Mining Commission has approved the transfer of the Imwelo Mining License (“ML”) to Tembo Gold Tanzania Limited, a wholly-owned subsidiary of Lake Victoria Gold Ltd. (TSX-V: LVG; FRA: E1K). Concurrent with the transfer, the authorities have extended the license by 10 years to 2035. With the transfer of the Imwelo mining license, LVG is well positioned to intensify its exploration, site preparation and development activities. LVG is in advanced negotiations for non-dilutive financing options to fully fund the CAPEX portion of the development costs for the Imwelo Project.

Completion of the acquisition of the Imwelo Project is formally subject to final approval by the TSX Venture Exchange. Upon satisfaction of the remaining conditions to the acquisition and the completion of the final engineering design of the Imwelo Project, the next tranche of the Taifa Group equity participation will be triggered, further supporting the development of the project. Pursuant to the existing August 2023 agreement between LVG and Taifa, Taifa will increase its equity participation in LVG by an additional 16 million units. The price per unit has been set at C$0.24, which would result in Lake Victoria Gold receiving C$3,840,000 in gross proceeds. Each unit will consist of one common share of LVG and one common share purchase warrant of LVG exercisable for a period of two years at a price of C$0.26 per share. Upon closing of this investment, LVG will enter into an additional mining services contract with Taifa pursuant to which Taifa will provide mining services to LVG’s project."

source as per mentioned at start

Interestingly, although not helium mining, they are in advanced discussions for raising non dilutive financing

Nearly everyone on here has multiple id's, but actually, I haven't, I only have the one!

Meow toc, got any scissors to hand?

StamfordFridge, related to BlueBay aka Jarv55 aka PickyLynn by any chance?

I wonder who might get the helium?

China offering competitive loans to Tanzanian Government for strategic projects

https://dailynews.co.tz/tanzania-should-capitalise-on-chinas-bri-initiative/

I'm not playing tit for tat Pratt80, I've been at Theddlethorpe, way before you were born no doubt, operated at the time by Conoco, now CP.

Can't get much bigger than Conoco Pratt80!

Pratt80 - actually I have! In Theddlethorpe many years ago.

"The Company has now successfully completed its EWT at ITW-1 across the two target intervals. The first tested interval was the faulted Karoo Group which flowed a sustained average of 5.2% helium (air corrected) to surface and up to 7.9% helium (air corrected). Subsequently, the fractured Basement interval has now been tested and flowed a sustained average of 5.5% helium (air corrected) to surface and up to 6.7% helium (air corrected). The well also flowed up to 1.1% hydrogen to surface from the fractured Basement interval.

The fractured Basement interval flowed naturally for a period of six days with helium gas in solution, and little air contamination in what has been determined to be a pure helium/nitrogen mix. The well flowed naturally at a maximum flow rate of 2,701 bpd of fluid on a 36/64ths of an inch choke setting which equates to 834 scf/d of helium. Internal modelling by the Company demonstrates that this could increase to 20,000 bpd of fluid with artificial lift in development phase. On this basis, the Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium."

source: HE1 rns

Pratt80 they don't have the licence, they've surrendered the prospecting licence to now take on a full mining licence which is awaiting the approval of the TG. Once they have the full ML it will be full steam ahead, and they release details of financing.

You don't work in O&G, that is evident, but you do work in one of the boiler rooms, probably TW's boiler room gang!

Ratt80 it's not 2,000bpd, get your facts right as per the relevant section from the relevant rns.

"The Company has now successfully completed its EWT at ITW-1 across the two target intervals. The first tested interval was the faulted Karoo Group which flowed a sustained average of 5.2% helium (air corrected) to surface and up to 7.9% helium (air corrected). Subsequently, the fractured Basement interval has now been tested and flowed a sustained average of 5.5% helium (air corrected) to surface and up to 6.7% helium (air corrected). The well also flowed up to 1.1% hydrogen to surface from the fractured Basement interval.

The fractured Basement interval flowed naturally for a period of six days with helium gas in solution, and little air contamination in what has been determined to be a pure helium/nitrogen mix. The well flowed naturally at a maximum flow rate of 2,701 bpd of fluid on a 36/64ths of an inch choke setting which equates to 834 scf/d of helium. Internal modelling by the Company demonstrates that this could increase to 20,000 bpd of fluid with artificial lift in development phase. On this basis, the Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium."

Pratt80 they can't continue until they have the grant of the new ML which is switching from PL to ML you ass.

Joe80 unless you are boots on the ground in Tanzania, and part of the Helium One and SLB workforce team, you know absolutely nothing, and account for absolutely nothing. Next.