RE: Whether to hold9 Mar 2024 16:35
I took100 out early, had about 30 to begin with and have 259 riding. now providing all concerned at HQ aren't delusional I take the below as saying we already know which partners we want to build the facility as WE have approached them ! you or they wouldn't want to waste time even discussing a pipe dream .. we already know who the potential off takers MIGHT be we just have to secure the most appropriate deals ( we know much of that that road was paved with the previous CEO) .... fast tracked meaning much shorter than the o and g 12-18 months and not forgetting tanzy's obsession with 2025.... where's the money coming from to do it and actually how much is needed to prove the numbers, numbers which they clearly feel will make it viable as advancing discussions with off takers alludes to the fact they have already begun these and to do that you need indicative numbers ....... who knows its AIM its Africa and it's a gamble but most spend years waffling on and diluting at least this seems to be going somewhere.
'Conditional upon these results, the Company will then be in a position to advance discussions with off-takers and industry partners and will help determine the design of any future production facility. The Company has already approached vendors regarding such facilities and will be working closely with them over the coming months.
The Company is also reviewing its options to drill another well this year, following the commencement of the EWT. These options include the deepening of Tai-3 to test the Basement play or the drilling of an appraisal well at Itumbula. The outcome of this, as well as the planned EWT, is subject to securing the necessary long lead items required for such operations.'