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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New Age Website updated yesterday with the Etinde FID updated to 2018. http://www.newafricanglobalenergy.com/operations/cameroon/ Up until yesterday, it quoted 2016, although I'm fairly certain earlier in the year, 2017 was displayed. At least something appears to be happening.
I'm in no position to set homework. My record here and XEL NEW TPET is horrendous, although 88 may soon be my lucky number. You missed out any mention of our asset ... Etinde which is a huge HC field. The oil cannot be accessed at present because of the gas and flaring is not allowed in Cameroon. SNH is blocking a commonsense development path so it's a stalemate. However, when the penny finally drops for SNH and they lift the block on development then our 20% of the field with lots of dosh in the bank to pay for initial costs will be worth many multiples of our MCap and we """""should""""" double/treble/quadruple our SP on that announcement. So, all we have to do is wait and wait and wait and wait and wait and not squander our cash on divi's and high office expenses (which got the previous regime into trouble)..... Gluck .......
Rivendell666: I’ve had fun doing the homework you set me….have concluded Biya The leader of the “organised crime family” that rules Cameroon, Biya will soon enough die…and….as there is no now known successor who can command the attention of the disparate tribal, religious, language elements of Cameroon, chaos is likely to follow Biya’s death ….and…..if history repeats, the French will determine - by persuasion or paratroopers - what comes after Biya….and…..the likelihood of more than short term chaos is a function of Macron’s as now unknown adherence to France’s traditional reactive policy towards its Francophone African satellites. SNH SNH is Moudiki and Moudiki is an eighty year old henchman of Biya… he has long run SNH to reflect Biya’s domestic political priorities and Biya’s prime directive: to generate cash for the ruling organised crime family. NEW AGE, Entinde New Age (African Global Energy) Limited is a small o+g promoter largely owned and wholly operated by S Lowden…..it has identified, promoted, drilled and established some six o+g deposits, most successfully in the Congo………the near term market value – if any - of New Ages’s farm-in of Bowleven’ s + Lukoil’s Entinde discovery is unknowable K HART…and co Now irrelevant, he and his seem to have been second rate, self-serving and unlucky managers. CROWN OCEAN CAPITAL As best as I can tell, the two men who are COC emerged from various European private equity and investment banks and are small successful “markets operators”, largely in Europe but also in Brazil…..They seem both professional and methodical. CONCLUSION I have found no reason to doubt COC’s avowed intention to use the cash shell that is Bowleven to build a new diversified business on the wreckage they took control of five months ago …..their success or failure will be my success or failure….I’m happy with my modest bet on the new jockey.
Thanks...will do
I think you need to do an awfie lot of Googling to get up to speed. Come back in a couple of days when you have read up on Biya, Crown Ocean Capital, Lukoil, SNH, New Age, K Hart Esq. etc etc GLuck....
Thank you….as I said I’m a newbie. I looked at Bowleven when I was told two tough successful Germans had – unusually – started a proxy fight and won control of a cash shell with no operating business…and… importantly announced they would use the shell to do new stuff. As I’m old enough to remember the “shell operations” of years ago, I assumed the Germans were not in it to buy at 27 or whatever and sell at 40….so I bet on the jockeys not the horse…..do you think I made a mistake?
That was 20 May 2014. https://www.africaintelligence.com/AMA/exploration--production/2014/05/20/fertilizer-ferrostaal-to-soon-sign-with-bowleven,108022953-ART?next=1&print=1 Have a read (and a cry) of these .... http://www.investegate.co.uk/Index.aspx?searchtype=3&words=blvn
Thanks...new shareholder
That's very old news.
the plant has to be built they should get on with gas off take now to revenue straight away. uk LNG supplied by qatar so probably could do with new age deal the last thing we all need is yet more delay
What should one make of this from an Africa business news letter: The biggest German investment program in sub-Saharan Africa and the key factor in Cameroon president Paul Biya’s "agricultural revolution," the construction of fertilizer plant is expected to step up in coming weeks in Cameroon. Between now and the end of June, the German giant Ferrostaal, which operates the project, ought to sign a gas supply accord with the Bowleven oil company, according to our sources. The gas will supply a future fertilizer unit due to produce 600,000 tons per year of ammoniac and 700,000 tons a year of urea earmarked for both the domestic and international markets. The plant will be situated in the coastal city of Limbe and is expected to involve an investment of over 1.5 billion. Ferrostaal declined, at this stage to tell Africa Mining Intelligence which phosphates and other raw materials are to be used in the plant. Ferrostaal’s partners in the project include Cameroon’s Societe National des Hydrocarbures, the German engineering firm Proman, which holds the EPC contract, and the grading concern Helm that will lift the plant’s output. Ferrostaal is looking for a local company to jointly operate the plant. The gas will be supplied by Bowleven for 20 years from its Etinde field, for which it has asked the government for an operating license. Annual demand for fertilizer in Cameroon amounts to 450,000 tons.
That's the reason we pushed and got change here.
we will never see 56p.....and just take a look at VOG rns this morning BODs lining there pockets.....
Just seen VOG is down almost 50% from highs
Any views on timing here? Macquarie reiterated outperform and target of 49p. Surely we will hear something by the end of the month. VOG deal has 30 June deadline.
Sorry Guys.. My average will be irrelevant when we sell at 56p
He's obviously busy, with a million tied up here, few million elsewhere he hasn't got time to be on forums all day you know.
1msn are you on your hols or ignoring my question
Would expect one soon coc must be close to 30% So will have got it for a song!!
So what's you avarage 1msn??
Not quite 3 million but pretty close to.. enough on the table 56p is my end goal.. even if it takes another 4 years..
MSN must know what he's talking about because he owns over 3 million shares he says, so he has over £1million pounds invested here. Please correct me if I'm wrong 1MSN
If you believe 1msn we will soon be trading at 34p...how long is soon is anyone's guess
if we get to 34p i will be out.....
if you read my past history on this stock yes disgruntled but i have never shorted a stock in my life.....i am just pi55ed of about what was promised and are these new guys any better than the old ones.....i hold at around 34p