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Have been reviewing the first WK results and note Bamboo Rock have a spare rig to begin drilling for Adavale's nickel. All their rigs are possibly tied up. Getting another one to Bushi/Isulu could be problematic unless it can be purchased/sent up from Dar or SA. EZ might have to wait to get up to four drilling rigs onsite.

Perhaps jumping the gun a bit but I noted somewhere that Digmin charged $140m for the NGLM contract over six years, which might not have included the TSF. Not cheap by any means for a Kakamega startup but I am pretty sure the 1,100 sq km licence area resource could quite easily treble. In which case the shallower deposits look nailed on for open-pit. Shaft ops later on become an entirely new ball game.

correction: "solar"

Have left this one alone for all time. All "expensive kit" will disappear. Pipe and pump relays, sonar panels, etc will not last five minutes. Ask any Karas farmer what his biggest problems are and he will tell you about police meetings in Keetmanshoop and failure to get on top of all theft.

How do you secure and patrol 20 km ?

https://money.tmx.com/en/quote/TAL

Looking quite lively in Toronto.
Brent topped out @ $37.09 today.
Could be another decent week ahead.

Trying out a new theory for next week which is probably wrong, i.e.

o late reported (after hours) bulk trades have become a mechanism for the next day
o in effect the 500k @ 14.70 becomes MM stock to be sold/moved on @ > 15p

I'll check how the pattern unfolds on Monday.
(Went into TXP for a test run this morning.)

Have taken up some stock today after spending a fair amount of time examining the subject. Will not be adding much to the forum as the regulars know far more about it.

Haha. Has the boeremeisie been down that steep road into Mosselbaai recently?
What's the gas story there these days?
They'd be overjoyed to find TXP's turbidites out in the bay.

Skid, it seems to have more meat on it this time.
+50% prospect in sales results will stabilise matters.
Detector school trials is an angle I had not considered.
In sum a much better promotion today.

I remain mesmerised by trades that invariably show up after we have all left the building. Perhaps an explanation will never be found.

Sticking my neck out here = nationalisation is not going to happen.
The next chancellor has indicated as much.
Castillo's financial guru is a senior banker.
Have therefore picked up another wedge.

@ 08:35
Yes. Managed to listen at last. With $1m/day revenue in prospect the company could be drowning in spare cash. Unfortunate to see some PIs running for the hills. Tax becomes payable in "3 - 5 years". Possibly going it alone down at Osheki test well owing to adjacent new road. Cutting a road to the better option costs money.

Bottomline from MZ: He is attending meeting(s) in Lima from tomorrow.

On balance, if accomplished, I am satisfied Castillo may turn out the better choice.

Hmm, I dropped a clanger topping up the other day @ 14.585p.
Hasn't been an entertaining day in the end.
But kept spare powder dry for TXP . . . another conundrum.

An astonishing morning seesaw event.
Wonder if final result will be known by 4pm.
In which case 20p may not be that far off.
Thanks for election updates.

Mild panic but only 1,417,41 trades thus far.
Planning to add more.
Castillo if successful won't set out to cripple his country.

Almost certain to remain edgy until results come in from rural areas, especially the north. Perhaps a bit of movement later . . ..

https://www.ippmedia.com/en/news/lake-rukwa-water-level-rised-747-april

Nothing has been said but with all rift lakes rising - including Nakuru and Victoria - a check on Lake Rukwa is necessary. The Luika meanders past the mine which is situated below the adjacent hill(s). I have no idea of its elevation above Rukwa but the continuing rises in water levels need to be noted.

Up north there shouldn't be any problem until Kisumu is underwater. Elevation around Kakamega/Rosterman should be okay.

Yes, it could be a tad bumpy. Made my decision on the second drop, and now half-except another small lurch next week, possibly taking me into the red. Undeterred, however. If it happens shall be ready to add again. And yes, the BoD may have to indulge in a spot of psychology or carrot and stick in the UK.

Throughput levels for the present are being maintained.
Would like to hear about another downstream barge delivery.
. . . together with next reinjection well and installation upgrade.

Noted Brent briefly touched $72.17 . . . market unimpressed by profit margins.

An encouraging post to remove the uncertainty of a maverick.
Big few days ahead.

Had always pondered the exact Lihranda footprint area.
Now note it is in the following counties:

"Seven Western Kenya gold mining licenses have been sold in a transaction totalling Ksh1.4 billion for over a 1,161-square-kilometre area encompassing Kakamega, Kisumu, Siaya and Vihiga counties".

Had been none too sure about the last two.
Always difficult to pinpoint such a large acreage.

@ 01:43
Druid, you gave me a timely reminder on road construction constraints.
Very wet for the next fortnight.
The ground must be heavily saturated.
Consequences unknown.