The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
buy price is below mid, I just picked up 100k @0.345p
An interesting note in the 2021 Corporate presentation regarding diamonds.
"The conservative case projections assume a grade of 50carats/100 tonnes and a sales price of US$58 per carat.
Independent geological assessment quoted grades for the area are typically 100-200 carats/100 tonnes and average prices of $80 per carat.
hTtps://www.vastplc.com/wp-content/uploads/2021/12/corporate-presentation-q4-2021.pdf
EDIT: so maybe around the $10m area? if we get more then, wonderful. I really doubt the size of the director share purchase would have been so large if he did not think success is around the corner! also, the fact that we have heard nothing up to now is not a bad thing as it won't happen overnight. Just my opinion, patience is needed.
Some comments on Unigram by AB sound positive, but nothing price sensitive. He does not relate to where he is, so could still be there or, could be elsewhere. one of AB`s comments was "Nobody is talking compromise" so make of that what you will.
The buyer of the asset still has $15m which is ready to pay out upon it being awarded. So a big chunk of cash can be paid very quickly as soon as the buyer has been given the go-ahead, RRR should receive at least 50% of that figure.
We should be back over 0.06p the current price shows nothing for ELEP oil a lot of news flow is due apart from DRC. Dyor
Plus extra 83 thousand pounds cash
Well something has lit a fuse!
So, the listing date is 9th Feb then?
Elephant Oil Corp (ELEP)
Elephant Oil Corp is scheduled to IPO on February 2, 2023, according to FactSet.
The Company is listing 1,827,957 units, each consisting of one share of common stock and one warrant to purchase one share of Common Stock.
The anticipated IPO price for each Unit is between $4.15 and $5.15, and the stock will be listed on the NASDAQ under the ticker ELEP.
Many thanks for posting that info, hopefully, some good news at last for shareholders maybe DRC to follow. ?
I agree with what you are saying. I think the chances this time are Very good. Why, because the 5m US already received by VUP has been to court and RRR has been awarded 2.5 m US from that deposit, the remaining US 15m is being withheld pending the arbitration result. So if we won 50% of the first part of this transaction it surely means we are entitled to 50% of the balance also, this tells me we should receive from arbitration a minimum of US 7.5m which can then be paid directly as the cash is waiting to be realised. Just my opinion.
This is a slice of that information :
KEY EXPECTED DEVELOPMENTS IN 2022
AFRICA
The first of these, though one we cautiously underplayed in our public statements in order not to alert too many potential adversaries, is the expected successful conclusion of our efforts in the Democratic Republic of Congo ("DRC") to obtain recompense for the sale of our interest in a copper-cobalt joint venture. We told you last year that once we discovered what had occurred, we had moved promptly to obtain a freezing order. We later obtained judgment in our favour for 50.1% of the US$5m consideration already paid. This judgment is executory and cannot now be appealed. We obtained a further judgment from the Congolese courts for US$2m for costs and damages. This judgment is being appealed. Finally, in relation to the US$15m consideration not yet paid, we went to arbitration to claim 50.1% of this amount. Our case is of overwhelming strength, and there is a draft award, but up to the time of writing our former partners have not attended a meeting where they would sign the Minutes of the Arbitration.
This playing for time cuts both ways. Parties acting for our former partners were trying to get us to agree to US$2.5m in the arbitration, rather than the US$7.5m to which we are entitled, and the prospect of receiving US$12.5m of the US$15m subject to the arbitration is obviously enticing. But without our signature they too get nothing, and we think we should sign for what the Arbitrators we believe are minded to award, not some much lesser amount. The contract was quite clear, and the principle that foreign investors should not be unjustly deprived of their property is accepted by enough people that we feel confident that we will prevail. This is not only in the interests of justice, but in the interests of the Congo.
Despite recent frustrations - we spent a total of some nine recent weeks in two spells in Kinshasa for the arbitration and in waiting for the result - the year is one that has seen great progress on this front, if not a conclusion.
The relationships we have built may enable us to proceed with a new joint venture, also of substantial value, should we wish. Our willingness to do this depends on our demonstrating to our shareholders and potential partners that investors in the DRC can be treated justly, as they have not always been in the past.
Hi, I saw this over a year ago it is available on the website. It is worth revisiting just to remind ourselves that we are not just an explorer but an established working mine that has been gradually improved over the last 12 months. I feel things are pretty close to full production being possible now, the plant they inherited was not up to the job. I think the team has worked their buts off over the last year and we all deserve some rewards now, not long to wait 2023 should be a corker imo.
We have748,000 oz Not 748
#RRR
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Investors are encouraged to view the below research note on
@RRR_RedRock
by Clear Capital Markets. #RRRs project interests are mainly focused on gold & base metals across Africa & Australia.
buff.ly/3CmQPTI
Bought just 25k 0.689 no stock about.??
Interesting looking good all around IMO. dyor https://twitter.com/i/broadcasts/1lPKqmvZRPNKb
EXCELLENT WEBINAR, If you have not seen it here is a link....It just requires your full name and email.
hTtps://www.bigmarker.com/share-talk/Caracal-Gold-East-African-Expansion-Investor-Presentation-Dec-2021
I really like this company, straight-talking, hard-working, and on-site hands-on 7 days a week