Wand Grabitt
28 Jun 2016
July 2nd As at the date of the issue of this announcement, the Group still awaits a formal response from the Ministry on the ML Proposal of 25 April 2016 and to queries raised by the Company in February 2016 on the Supplemental Terms & Conditions. On 2 June 2016, the Ministry informed NLZM that it is still reviewing the ML Proposal and that it shall respond to NLZM within 30 days being on or before 2 July 2016. Should NLZM be dissatisfied with the Ministry's counter-proposal to the ML Proposal it will have an additional 30 days within which to make written representations to the Ministry, upon consideration of which the Ministry shall notify NLZM of the final terms and conditions upon which the Ministry is prepared to grant the Mining Licence.
RosieVDB
28 Jun 2016
Re: Another fundraising? NM And if the resolution isn't passed does that mean GS have to make a buy out bid and if so is that at the highest price over the past 12 months?
RosieVDB
28 Jun 2016
Re: Another fundraising? NM Do I understand correctly that as long as the resolution is passed there will not be a forced buy out and we will remain shareholders.
Mr Papillon
28 Jun 2016
Another fundraising? NM N
Wand Grabitt
27 Jun 2016
Cost saving One high salary gone. Quite lucky in a way. Guess she will not be replaced until clarity on the licence. Hopefully soon looking at the timscales.
Fools Like Us
11 Jun 2016
Re: RNS - Latest Results All this is now at this level of Zinc/ Lead price is a way to earn a salary for however long it lasts.It's been a complete failure by the team that took over. They thought they knew better, don't hear anything much about London of the MD doing talks, what happened to the dynamic Chairman?at some point an asset will have to be injected into this - because without it, raising capital will be virtually impossible As for the huge impairment loss, those Copper pits were supposed, at one time to be a decent asset for which NRRP paid £8m along with Namib.Try looking elsewhere, not everything's a wotsits breakfast! FAMARMDJI Horizonte MineralsNot a recommendation, but something to research.As for this company, not a lot happening really except the clock ticking to the convertible notesbeing converted.Good luck to any longtermers.
Mr Papillon
02 Jun 2016
RNS - Latest Results Well nothing major. Wait a huge impairment loss?This goes from bad to worse. The other major thing they need to inform us shareholders about is the mining licence. Where are we with this. Have we entered negotiations. In whose courts is the ball?
reingeneration
25 May 2016
Re: Update? Looks as if we need a volley as every time this ball bounces it's another 30 days.
Cruncher1
25 May 2016
Re: Update? NRRP put in its proposal to the Ministry on 25th April.According to the 'additional conditions ML' document in the legislative framework on the Ministry website, it is supposed to respond within 30 days.If Ministry received NRRP's proposal on the date it was submitted, NRRP should get the Ministry response - which may propose amendments - today, so maybe an RNS update tomorrow.Then we get to this stage:" If the applicant is dissatisfied with the Minister’s counter-proposal, the applicant shall have thirty (30) days from the Minister’s counter-proposal to make representations in writing to the Minister, upon consideration of which the Minister shall in writing notify the applicant of the final terms and conditions on which the Minister is prepared to grant the mining licence to the applicant."
Wand Grabitt
25 May 2016
Update? Would be nice to hear that the tape is nearly clear. Fog is lifting? Lol anything?
jonmor
11 May 2016
Re: Licence news Trouble is there doesn't seem to be much interest - I own more shares than todays turnover so far.
Wand Grabitt
11 May 2016
Re: Licence news Similar. Got in at a very nice entry point by the looks of it.
jonmor
11 May 2016
Re: Licence news Several million - how about you ?
Wand Grabitt
10 May 2016
Re: Licence news Oh god look who it is lol. How many shares do you own here Jonmor?
jonmor
10 May 2016
Re: Licence news Sorry mate but you're just another MUG just like the rest of us.
