Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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I agree with that Chesh, resistance around 1.97p, not much required to push through 1.6 p now.
Good luck to all invested..
See the Gap @2.10p above and 1.55p resistance in pictorial form............! :)
https://twitter.com/1stchesh/status/1782703733429653671
All the best (just my interpretation..........! :()
now is the time...
They will buy 1m in one hit for 1.485 , still wanting big chunks
It's gotta be the Bid that ticks up first.........! :)
for 1. the advertised spread and 2. getting quotes for 1.50p already.........! :()
All the best (that's for 100k shares on IG BTW.........! :()
now is the time...
And interesting move there......!
a ~140k share sell had moved the intra spread Bid 'n Ask up a gnats pube.........! :()
All the best (not much left on the Ask below 1.60p........! :()
now is the time...
Bid suddenly going up.
Good morning folks, a couple of points that may be of interest:
1) The Carbix website giving information on the Carbfix Injection Well in Iceland.
2) GoogleMap and GoogleEarth have been updated recently and you can now view all the Project 1 well sites including WR34 (and the Project 2 well site) and if you go into Street View you can see views of most of the sites, including BOC direction signs alongside the road!!
Have tried to locate the Chinese consortium well site without any success - does anybody know exactly where it is?
Morning Peeps........!
At the moment, we can only suggest possible scenarios for the outcome of the farmout/JV......!
hows about, £110m (rembursed costs for Proj III) and a 50% split on future revenue from gas extraction and sale, on a free carry..........! :)
I haven't forgotten CCS, that could be a x3 way CAPEX split (further down the line) between us, the farmee and the Gov......! :)
All the best (to generous.........? :()
now is the time...
Grower and Shed.... thank you.
I emailed PH team asking for more details , if I get a response , i will post it on here
Don't we need to factor in the capital expenditure to get the CCS operational? I can't find any estimates of that in the report though I am a bit uncertain as the report I'm looking at is dated Dec 23. The CCS RNS was Jan 24 is there anything more detailed out there that I'm missing? Certainly appears exciting but until we know scale of cash injection to get this going it's difficult to even guess what proportion of the project would go to a farm-in partner. On a more positive note I'd have thought it likely there would be government help if we can facilitate a net-zero industrial zone.
Just thinking out loud but looking at the most pessimistic valuation for our CCS and forgetting totally the wider basin and just focusing on the 256 million tonnes at say £1 per ton profit and we have £256 million £2 per tonne profit and we are over £500m??? Yet we are still valued at £11m. Once some clearer news comes through we must be due an absolutely massive rerate!!
Have a read back through comments , been answered many times , news could drop soon as tomorrow…. PH said should take roughly 3-6 months to get a jv … that’s just p3 …. Then there is CCS which has potential to make p3 1.67bn look like pocket money , if they get sold (I would most likely vote against unless it starts with a £ sign) odds are you would get blocked from buying whilst current holders vote
Hi all, currently on the sidelines here but can someone give me a rough timescale of when and what news is due? And peoples thoughts on the price when news drops. Apologies newbie and looking for information.
Professor Eric Oelkers makes the point that BLOE can also cover their own CO2 production as well as serving industries such as cement and fertiliser. Apart from the cash generative opportunities this should also take us off the naughty step for funds claiming to have ESG commitments. Interesting times.
Hi Grower - In answer to your question you need customers who have the ability to convey the carbon to the facility in a cost efficient manner, the most efficient method is by a pipeline. Block have suggested that the CCS facility could support a major net zero industrial hub and steel and cement production has also been mentioned. This may have already been discussed with the authorities in Georgia and I would assume such a hub would need to be in the general Project 3 area so that a localized pipeline infrastructure could be built. We do not know how much of the CCS capacity would actually be utilized by such a hub.
Https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/041123-bp-acquires-40-stake-in-harbour-energys-north-sea-viking-ccs-project
So BP are interested in CCS too! Don't they majority own the oil and gas pipelines through our acreage in Georgia ;-)
Here’s a thought … and surprised no one has picked up on this …. CCS (9bn value) is surely risk free within reason compared to drilling for gas and oil because we aren’t trying to find pockets of oil or gas .. we are injecting a known amount into the ground , job done …. Or am I missing something
From 4th march RNS!
"The recently announced commercial Carbon Capture Storage (CCS) opportunity also highlights the Project's sustainability credentials. Further work is being undertaken on the CCS opportunity and announced in due course".
So news is due anytime on the CCS.
Don’t forget our way more impressive CCS …. All the large companies are going to need that to be carbon zero ….. it’s not a case of hearing the penny drop now …. More like a gold bullion bar
Https://agenda.ge/en/news/2024/38776
Come on PH! Georgia need our gas.
MgBRG96 =CP
Clue "aggresive bonfire in Cardiff"
Wise not to run too soon.
Despite my optimism MCap is just 10M and despite the 50% rise of recent days we've hardly started to claw back losses.
So personally I'm pleased to read cautious debate being created.
Once we get positive news we maybe in a position to play with figures.
It's tempting and I'm guilty but I know I must catch meself on!
Ktf and gla.
Certainly it's potentially huge but all I know is that, as reported, we have storage capacity estimated at 256 million metric tonnes. I have no idea how much we'll have to share with a partner or how much the government will take or what the CCS rates to third parties will look like when we're eventually in a position to market our capacity. Like I said I'm full of optimism but just feel predictions are running ever faster ahead of facts at the minute. GLA!
Thanks for taking the time to reply Shed, I've posted as I see this and the numbers for CCS at $3 dollars a ton I feel are realistic and achievable. What value do you put to it?
Thanks for raising your points as a potential debate because kicking this around can only be good.