Member Info for Toffers

MCNol, who do you think is getting the placing shares who isn't being named? and how much more are they going to get?

Crusty, I am not blinkered like you are. You should be asking questions of the Board, everyone should be? How much money do they have left and how much is going to be taken from them once the ML application is submitted? If TG take at least 50% of any profit, how on earth do they expect to go it alone as Jacobs indicated? He has to go. It doesn't add up. If they JV what are HE1 going to get out of it if they have to sign up to a giveaway of at least 50% of profits, and probably (more) shares? I'm still in, but as each day passes, I can't see how they can make this work, and so perhaps those who have said they have taken a stake in Blue Star so as to move away from TG and the stranglehold are right?

From that article of Sept 2023;

"Removing the ceiling from Tanzania’s sharing mechanism is complicated by the relatively high taxes of Tanzania’s underlying regime. A floor of 50 percent of profits results in Ecuador and the Philippines receiving additional payments because government take from other taxes in their regimes does not reach that threshold. This is not the case for Tanzania as government take already exceeds that floor."

HE1 is in a stranglehold. Time they came clean about where the placing shares are going and why?

Broomtree, thank you, a voice of reason.

Gecko, I'm still holding, but I'm far from happy about this weeks shenanigans, I'm even more unhappy that the Board continue to be economical with the truth, and especially so when they do not name the private investor whom they are diluting the rest of us to favour. I'm unhappy that news continues to come out in dribs and drabs, it's impossible to equate anything, and depending on the agreement struck, the TG are possibly going to take at least 50% of any profits, never mind taxation, so how is the company going to survive? they can't keep diluting retail investors to oblivion surely? or can they? is that the aim?

Umm how do you manage to speak for 99% of this forum then CP? Your ego is well and truly over inflated! Just filter me please.

GLG2 or should I say GeckoLovesGreed? I see they're already complaining you've posted over 20 times this morning on a share that's been suspended for over 4 weeks. Good luck there, you'll see I was right, it's gone, as I was right when I waved the red flags. Thank God I got out between 16p and 12p there. Shame you didn't listen don't you think?

Then you're more of a fool than I took you for CP.

https://find-and-update.company-information.service.gov.uk/officers/vOSS9WB4JSfTAePvl7XaTJV6Zvs/appointments

CP, what and how I invest is up to me and me only. If I choose to share its because I am open and transparent about it. I've said I expected the sp to rise to 2p on the back of that last rns, so that's down to me for investing more, I should have waited until after 9am that day, but if you and most others were honest here, we all expected it to rise, not slide. You need to take the blinkers off though CP, the TG are in charge, they take huge profits on deals, some as high as 55% it seems, and then there's taxation as well. Sorry, I know you won't like to hear it, but with that level of profit taking on any deal by the TG plus taxation, my own view is it's going to cripple HE1. As I see it, they've got no option but to JV or sell out pretty quickly. Plus they can't keep diluting retail shareholders, the shares will become worthless as the trust will have gone completely and no one will want to be saddled with them once whoever receives them has got shot of them with assisted help from those paid 'PR' (up and down) merchants no doubt deployed by the company. imo.

CP I keep posting links to help you out but you refuse to listen.

Read that article I've posted the link for, 50% profit to TG or more, and taxes from the word go, even when a minnow! So how would the company get around some of this? issue a few more shares that retail shareholders can do nowt about and the TG keep under wraps from its citizens?

Dan, I also believe they are gone.

CP, they did go up, we went beyond 1.20p from recollection, and hit the dizzy heights of 1.50p for a few nano seconds! I have my own views on why the shorters/paid crew were deployed.

I agree too, share(ing) is caring as they say!!! :)

Doesn't take einstein to work it out imo!

https://resourcegovernance.org/publications/equitable-sharing-mining-profits-best-deal-tanzania

V111JAS I've already put my hand up and said I made the mistake, I honestly thought on the basis of that rns, we would move up to the 2p level, and still firmly believe we should have done, if it hadn't been for all the underhanded shenanigans that went on. Why did the MMs and brokers oblige/capitulate to it?

The 10% crew have moved on. M1Rob got left behind, but even he's given up now and gone it seems!

Https://www.lexology.com/library/detail.aspx?g=65e7d403-d1fa-4b19-bbba-a556170f9064

Also, I saw an article yesterday which I'm trying to find, which indicated that there are so many hoops to jump through on the ML application, that it is far from plain sailing, and if just one hoop is answered incorrectly, th TG will throw it out and refuse to grant. The TG want money willy nilly, they know they won't be sued because it takes years to go to court with them, and I won't comment on what I think about that. Look at the way Lorna has to bend over backwards and thank them in each and every rns, this isn't a level playing field, this is being at the mercy of the TG, and I suspect they have been partakers in the placing shares, and why they have not been named. Stinks. my views.

CP, we all know the risks with junior explorers. I've pointed out before the concerns I have especially around the TG. The company is clearly having to keep them happy. Have they been given the shares, time and time again? who paid for the dispensary? whilst it's commendable that we were involved, how was that funded, through retail shareholders money who are losing money hand over fist time and time again with this company and its propensity to be economical with the truth? as I've said before, we are clearly kowtowing to the TG, but what happens when we can't do that any more? what if we lack funds? and to dilute further just makes us a laughing stock to any potential financier? the TG have been withdrawing mining licences to those who can't provide funds to the TG, have you not seen? the biggest risk here is the TG deciding that they'd rather take money from a major in due course, and so they withdraw mining licences/fail to renew them. We are at the whim of the TG, and my fear is we are in a stranglehold with them and retail investors in particular are being made to suffer as a result. The money dries up, the licences are revoked, and the TG hands over to a major and you can guess what they might get in return. So for Jacobs to say the company prefers to go it alone, was a statement of financial suicide, and he needs to be removed imo.

https://www.ippmedia.com/the-guardian/news/local-news/read/govt-cancels-2648-mining-sector-unused-stale-licences-2024-03-23-025752

Blubay, go back to the presentation and listen.