Member Info for ZaphodBeeblebrox

what goes on at zenith is only of interest now to aaog as far as the actions of paul forrest go.

i still think aaog needs a good investigation by the fca, but then they are as useful as matt han****, boris j and liz truss, and i suspect that is on purpose, sadly. with the russian connection to forrest you would have expected mi5 to be onto him, respectable businessman that he is.

He forgot that his entire move of Tiziana to the US was an incompetent mess.
His legal advisers on the move were a bunch of useless turds to boot.
On top of the delays and false accustem hype, anyone remember the ridiculous fees charged by HL when TILS was fully moved over?

https://ir.tizianalifesciences.com/news-releases/news-release-details/tiziana-life-sciences-file-alzheimers-ind-intranasal-foralumab

Let's hope they get the $3 million in non-dilutive funding.

https://autins.com/investors/share-price-rns/
Up 30%.
MCap £6.79 M
16% BRH share of £6.79 is just over a million pounds. Would make a nice dividend.

From todays RNS at ANGS
"The Company has been informed that Paul Forrest, Non-Executive Director, on 6 April 2023 sold 13,000,000 Ordinary Shares of 0.002p each ("Ordinary Shares") at an average price of 1.8 pence per Ordinary Share. Paul Forrest's total shareholding in the Company is now 499,856,061 Ordinary Shares representing 13.92 per cent. of the Company's issued share capital."
So he is taking cash out of ANGS. To rescuscitate AAOG with another venture, or for Monte Carlo casinos and hookers, who knows.

Good positive outlook, elir71.

By May it will have been 18 months since the NRW refusal of the water permit. No one can accuse them of being fast workers.

Nice to have iceberg and hawaiifiveo back on board. I do see this as a recovery stock from here, but was not happy at all with the drop in share price and market cap, which I attribute largely to Colin Birds over-promising and under-delivering (again).
Luckily, there is some copper and gold in them there hills, so am hanging in there. Take care all and enjoy your pan-galactic gargle blasters this weekend.

At a 52 week high a year ago, of 0.9 p, and now at 52 week lows.
Not a very happy anniversary.
Hopefully it is now turnaround time and maybe some new faces on the BOD are required.

Good results from exploration which underpin future resources, but the SP will not recover based on this. I am sure the BOD are focussed on improving recovery rates and site security and hopefully this will be reflected in the next production updates.

So we hope, howezap.
Awaiting Manica production numbers.

16 ECONOMIC pit scenarios using current prices.
The next question is breakeven time on capital costs, which is where the pre-concentration can make a big difference.
Am glad to see Phase 3 drilling is being looked at.
This is a slow burner but the prize is getting bigger.

GLA

A very good RNS, and good to have the Phase 2 payment in the bank. A near term return to a fairer valuation of 20-25 p must be on the cards surely.

I do wish they would proof read the text more carefully though eg making a gibberish paragraph as below.
"The first phase of the Exploration Agreement was completed in September 2022, with MMA spending over US$10m on the project and thereby earning an equity interest of 51% in MMA."

Thanks id78. Your first calculation was ok. Looks more even in a very broad way with the debt included. Of course, more debt isn't necessarily a good thing!

ID78
What's the debt situation at SHG?

Republic of Congo, shame on you for such unprofessional behaviour. Very disappointed and yet another black mark against the government. Olive Energy is 'by Africans for Africans' that's no excuse for an underhanded process here. Zenith are quite right to go to court and hopefully get the owed monies back.

So, ROCK is drilling geotechnical hole 4, out of approximately 15 planned before any new plan to restart mining. Findings seem to be promising and work progressing quietly

Drill holes are being positioned approximately 100m apart, along a 1.5km strike. This will ensure that the full length of the zinc resource is tested for underground mining geotechnical parameters, as well as crushing/grinding work index studies.

David Price, Chief Executive Officer of Rockfire, commented:" We are pleased with the progress of our geotechnical drilling at Molaoi, and particularly thrilled with the quantity of sulphides being encountered. Multiple lodes are still being encountered in each hole, which bodes well for bringing these multiple lodes into our next resource upgrade. The market will continue to be informed of drilling progress and assay results as they are received."

Wow, investing onto a company with a product that SELLS! TB is trying something new! Now, is Image Scan selling profitably? That is the question.
According to their CEO they have been going for years, so maybe. Always like nice surprises.

Hi howezap
Quite right to include all the permitting costs and time. These could just be estimates from recent ones done for nearby mines. End of life sometimes also includes environmental remediation. For example, an old mine or quarry might make a nice boating lake and nature reserve afterwards. I think you are right though, the actual permits would be obtained as part of the DFS not the PFS

https://www.geologyforinvestors.com/starting-a-mine/

Some more information on feasibility studies for newbies, and less experienced resource investors. We were all there at some point.

On a slightly separate but related (by Colin Bird and Zambia) topic, Galileo Resources Plc
declared a maiden JORC 2012 Inferred Mineral Resource Estimate for the Luansobe Copper Project, Zambia. Maybe this is what is keeping Colin busy at the moment. Can't say he doesnt hustle for his money, unlike some other really corrupt AIM board types I have come across (Braveheart, Sirius Minerals and Anglo African Oil and Gas to name just 3).