Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Please note JV RTO is referring to ep155 a jv with georgina energy and the reverse takeover of MMM. The deal with msmn is.Georgina will also undertake the initial technical work program which includes acquisition of seismic data to earn a 75% working interest and operatorship of the permit. On drilling an exploration well Georgina has the option to earn a further 15% working interest by electing to carry Mosman through the cost of the well.
By 31/1 no
By 31/3 no
By 30/4? What suddenly makes the imminent imminent?
MMM and GE where is the money coming from?
Mosman placings last 12 months -
06/04/23
13/07/23
29/11/23
02/02/24
Very likely a placing in the next few weeks especially after the shocking half yearlies and unexpected long lead expenses.
Cheers lucksin
Duff link sorry Radika.
https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=MSMN:LSE
..Would be nice though, wouldn't it?
Today 14:47
RNS Number : 7737I
Mining, Minerals & Metals PLC
28 March 2024
Mining, Minerals & Metals Plc / Index: LSE: MMM
Mining, Minerals & Metals plc ("MMM" or the "Company")
General Update & Appointment of Oak Securities as Joint Broker
The Company is pleased to announce an update following the announcement on 1 December 2023 regarding the prospectus having been lodged with the FCA for the proposed transaction with Georgina Energy plc ("Proposed Transaction"), a company that holds natural gas, helium, and hydrogen assets in Australia.
The Company has been busy with its advisory team in recent months and has now largely concluded the due diligence and prospectus, therefore, will shortly be undertaking to raise capital in April for the Proposed Transaction. The Company is now aiming to conclude the Proposed Transaction in early Q2 2024.
The Proposed Transaction is conditional on i) entering into definitive legal agreements ii) raising capital; iii) approval by shareholders at a General Meeting to be convened; iv) obtaining all necessary approvals (if required) and; v) granting of eligibility for the readmission of the Company to the Official List by the FCA.
There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course.
Appointment of Joint Broker
The Company has appointed Oak Securities (a trading name of Merlin Partners LLP) as joint broker to work alongside its existing broker Tavira for the forthcoming capital raise.
Roy Pitchford Commented:
"We've now reached an advanced phase on the transaction and will be looking to conclude the capital raise next month and then ultimately close the transaction and seek readmission to trading. We welcome Oak Securities to the team and look forward to their support on the forthcoming capital raise."
Roy Pitchford
Non-Executive Chairman, Mining, Minerals & Metals plc
So if I invested£1000 I would get £200000 by year end!! 200 bagger. Hmmmm
Can you post it, would love to read the research note.
...well, one analyst thinks we're getting to 4p this year. You never know!
GRV link
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02789972-2A1514514
It’s on the telegram group
Can you post, must of missed it, thank you.
Yes we’ve had confirmation from GRV pr and a late RNA on Thursday addressing it
Is that really going to happen?
Decent volume yesterday with sentiment retuned somewhat. Expecting a big few weeks with GRV update late yesterday too
Two wells have been drilled in EP 145 in the 1980's, both encountered hydrocarbons but were not tested for hydrogen or helium which were not identified in the basin until the mid-2000's. Those wells which have tested for helium have demonstrated significant helium content at various structural levels.
As Greenvale notes in its ASX announcements, helium has a "Surging Price and Fast-Growing Market" and "The global helium market is forecast to grow from US$5 billion in 2023 to over US$8 billion by 2030 with a current price of USD 450/Mscf."
Greenvale also notes "Amadeus Basin has some of the highest concentrations of helium globally, as well as confirmed hydrogen accumulations."
Mosman has published a Prospective Resources estimate of 440 total gas including 26 bcf of helium and 26 bcf hydrogen.
Mosman has now committed to start acquisition of long lead items for seismic acquisition. This decision was made given the high confidence in the completion of the farmin agreement, and with GRV confirming these costs will be re-imbursed upon completion.
Upon Completion, Mosman will retain a 25% working interest in EP 145 and Greenvale will earn a 75% working interest in EP 145 by:
· Committing to pay AUD160,000 in cash within 5 days of Completion
· Paying for the EP 145 Permit Year 3 Work Program, including seismic, effective from Completion Date
· Funding the Permit Year 4 Work Program, including drilling one well with a well cost cap of AUD5.5 million
· The Year 3 Work Program is to be completed by August 2024 and the cost of the seismic acquisition is estimated to be circa AUD2 million
· The Year 4 Work Program is to be completed by August 2025. The cost of drilling a well depends on many factors including the depth of a well and cost of drilling rigs at the time of drilling
Greenvale also noted that: the Amadeus Basin has some of the highest concentrations of helium globally, as well as confirmed hydrogen accumulations; EP145 sits within recognised play fairways for helium and hydrogen and contains proven hydrocarbon discoveries; it lies on-trend with the producing Merenie Oil & Gas Field; has successful helium wells located along the margins of the Amadeus Basin at Mt Kitty-1 and Magee-1; and an existing pipeline infrastructure to Australian East Coast provides opportunity for early commercialisation.
I’ve been reading your past posts from been a potential 2024 biggest gainer in January to your constant deramping . Why? I think we know the reason
From pumping like mad in the past to saying this. I think we know your trying to get back in cheap
I can be so thick at times lol
I'd discounted ep155 as I didn't believe it would happen anytime soon. Forgot that was Georgina and guess no I shouldn't have totally discounted it even with msmn only keeping 10% still more than noteworthy if /when they get the rto away.
The EP 155 Mt Winter Project, in the Northern Amadeus Basin, Northern Territory of Australia is considered by independent consultants to be one of the potentially most valuable Hydrogen, Helium and natural gas prospects in Australia.
The property is held by AIM listed Mosman Oil Gas Plc and Westmarket Oil Gas, a wholly owned subsidiary of Georgina Energy Plc, via a formal Farm-in agreement has rights to earn up to a 90% working interest with Operatorship.
The Mt Winter-1 well was drilled to a depth of 2,650m TD. It did not penetrate the subsalt Heavitree Formation Hydrogen, Helium & natural gas reservoir target but reached TD in salt just above it.
With seismically defined closure based on CPR 2U calculations of 3,400 acres, nett attributable Prospective (recoverable) Resource volumes to the Company of Helium are 111 BCFG, Hydrogen 102 BCFG and natural gas 0.91 TCFG with respective in-situ values of US $38.51 billion, US $0.62 billion and US $2.72 billion.
https://www.georginaenergy.com/projects/mt-winter/
Apologies I read it and had no reason to think otherwise.
Strange I've been through all of GRV's newsflow last few yrs and no mention of this anywhere. Can't even find it in their presentations.
Mining, Minerals & Metals plc seem to have little news on it either?
Would like to know more but nothing on mmm's site either?
https://www.mmmplc.com/mmmplc-news-and-documents
Will go read your posts on mmm board
Panman the link soulac attached is very significant for Mosman as this is Georgina Energy RTO into MMM, Mosman's other farm in partner not to be confused by the separate Georgina project which GRV sold recently
Re your link soulac..
Belows from advfn poster checks out. No worries for MSMN at all just means grv are more focussed...
"yes they're buying GRV's iron ore, copper and gold project. Believe they have 80% of the holding co. for the resource already just want the extra 20%.
Not sure what the placings for though as they only owe $250K more and are paying GRV in shares?
(according to GRV's 29th Jan report).
Think I'd rather GRV focus on being "a company that holds natural gas, helium, and hydrogen assets in Australia." much more what the market is presently chasing imo."
Rns out
Mining, Minerals & Metals Plc / Index: LSE: MMM
Mining, Minerals & Metals plc ("MMM" or the "Company")
General Update & Appointment of Oak Securities as Joint Broker
The Company is pleased to announce an update following the announcement on 1 December 2023 regarding the prospectus having been lodged with the FCA for the proposed transaction with Georgina Energy plc ("Proposed Transaction"), a company that holds natural gas, helium, and hydrogen assets in Australia.
The Company has been busy with its advisory team in recent months and has now largely concluded the due diligence and prospectus, therefore, will shortly be undertaking to raise capital in April for the Proposed Transaction. The Company is now aiming to conclude the Proposed Transaction in early Q2 2024.
The Proposed Transaction is conditional on i) entering into definitive legal agreements ii) raising capital; iii) approval by shareholders at a General Meeting to be convened; iv) obtaining all necessary approvals (if required) and; v) granting of eligibility for the readmission of the Company to the Official List by the FCA.
There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course
You are a seriously harbouring a grudge which is not good for you health
Https://clients3.weblink.com.au/pdf/GRV/02789972.pdf
Has anyone actually thoroughly read this error strewn announcement?