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Tbh I dont think they will extend, the exclusivity period has been to put together a MOU, not a full contract. I think we will get the highlights this week or Monday. News on the gold processing could of course drop at any time too.
Cool... just thinking out loud as i have been in some other shares where extensions had been given
We will find out soon enough ;)
Anything could happen. I doubt the seller would extend it unless they knew the buyers were serious and there were only a few points to iron our, so i think it would be as good as confirmation.
So am i right in thinking the "exclusivity period" could be extended beyond this week if nothing final yet?
But may well be before then.
Most likely the RNS will be Monday next week. The exclusivity period ends on 28th and lawyers like to take these things down to the wire, makes em feel important.
If nothing this week then we've been lied too and the SP will almost certainly take a hit. But then if it arrives it will rise even more steeply. A bloody game and there will be some happy people and some crying in a corner
Hopefully so but obviously not 100% on that happening
What if nothing this week?
mybe not ! must be some news on or before Friday
strange... you took the words out of my mouth. Fingers crossed buddy
Right, I'm going out on a limb here but... RNS tomorrow
Up where . Down you mean .81 to sell
on the up !
So expecting Oil and Gas project news and Gold processing agreement in the very near term.
Goldridge 8/1/20:
Stage 1-secure the permits and putting together our detailed operational plans along with finalising logistics for planned drilling. Operational planning and logistics will run concurrently to allow early commencement of the Stage 2 Implementation programme.
Results-sampling confirmed viable 1.74g/t recoverable gold from a specific waste dump outside level 6, the specific waste dump is made up of 2,753 tonnes containing 4,785.39 grams of gold ($7.6m from one waste dump)
Processing- identifying a processing plant that will take the waste and process it; negotiations with two plants, both in close proximity to the Gold Ridge Project area, have commenced and are being progressed
Rolf Gerritsen, CEO of MetalNRG commented "I am very excited by the next phase of work... I look forward to updating the market as we make further progress in Arizona."
OIl & Gas 9/2/20:
exclusivity agreement- entered into with the owner of an established operating company based in Romania, which owns 100% of a target oil and gas concession, valid to 2034, as announced on 29th November 2019.
The purpose of the exclusivity agreement is to set out the heads of terms upon which the purchasing parties will acquire 75% of the issued share capital of the operating company. The exclusivity period has commenced and will run until 28th February 2020.
The process is ongoing per plan and the initial indications, mainly from our site visit, are encouraging and suggest that the transaction could, based on current operational assumptions, meet our investment criteria. Specifically, under our plan we intend to establish exploration upside for the project and that we can develop short term cash-flow from the asset under review. As a result of these initial indications, further work has been commenced and we plan to report back to market once the due diligence has been completed.
Rolf Gerritsen, CEO of MetalNRG commented "The opportunity in Romania is significant... and will report back to market shortly."
Speculation: ANRM recently extended the concession for the Black Sea gas and oil fields for ExxonMobil and Petrom by 15 years, until 2034, Neptun Deep whcih they want to sell for $250m.
Why is it a treeshake , Some were buying at .98 earlier being pumped by the individuals who were no doubt selling . They got mugged off .
true. with only 360mil shares around there wont be many scraps to fight over
Possibly but honestly just ignore them. RNS coming the week that's why we're all here and the herd will be here for the scraps
tree shake over?
I think if you were going to sell you would have done by now, holding up well, ready to push on hopefully
RNS imminent!! The geologist has said its a good drill in typically great locations..
MNRG have the habit of producing intraday rns. Worth waiting for.
From Twitter...
#MNRG - looking solid after maintaining all of y’day gains
Main Listed & at headroom until July so no placings
Very important to know there won’t be a surprise RNS announcing a heavily discounted placing which is rife across AIM at the moment
NO DEBT / 360m shares