Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
For a going skint country, it's full steam ahead for money, money , money TL , now their, very new mining industry has thrown up a monster grade manganese find.
https://thewest.com.au/business/bulls-n-bears/more-manganese-for-estrella-in-timor-leste-hills-c-14370389
Manganese is a transition metal with a multifaceted array of industrial alloy uses, particularly in stainless steels. It improves strength, workability, and resistance to wear. Manganese oxide is used as an oxidising agent; as a rubber additive; and in glass making, fertilisers, and ceramics. Manganese sulphate can be used as a fungicide.
Manganese is also an essential human dietary element, important in macronutrient metabolism, bone formation, and free radical defence systems. It is a critical component in dozens of proteins and enzymes.[6] It is found mostly in the bones, but also the liver, kidneys, and brain.
Wonder if AB fancies dabbling in a 2nd Timor Leste Gold Mine , after the Chuditch profits roll in ππ€£π
Island of Timor known to host , copper, gold, silver, chromite, manganese, limestone, marble, bentonite, gypsum and phosphate.
Our new name -
Asia TL ALL INC. π€£
On that Macau CPLP event with China, this must have landed late yesterday and imi, when looking for todays , dated 18th
Vice Prime Minister receives full powers to sign economic and trade cooperation plan during the 6th Ministerial Conference of Forum Macau
This Action Plan aims to boost economic and commercial cooperation between the countries participating in Forum Macau. Among the areas of action defined are intergovernmental cooperation, exchanges with international organisations, trade and investment, development, the cultural and humanitarian sectors, the role of the Macau Platform, and preparations for the next Ministerial Conference.
First on me, all external meeting Signatures previously seen ,have been PM or President, usually PM and if unavailable the President, which with TL politics is a better option, as President has veto power if he is not in favour, when he rubber stamps things, not going to veto himself π, no biggy with current pair life long BFF's , VPM been given full powers as
Gusmao on his UK/European tour 11th-23rd April, various and expressing concerns over TL maritime border issues hm
Horta
The President of Timor-Leste, J. Ramos-Horta, will make an official visit to Portugal as a guest of honour for the celebrations of the 50th anniversary of April 25th, the revolution that restored democracy in Portugal after the dictatorial regime.
Would have though Horta could fit Macau in on his way to Portugal, guess the old guy's feeling the weight of all the trips and air miles this past 2 years. ππ Horta 74 , Gusmao 77
TL have 2 VPM's , Francisco Kalbuadi Lay, to sign the Action Plan a spring chicken at 70π
China Ministerial meeting of Forum Macau is set to be held in the SAR from Sunday to Tuesday.
High-ranking officials, including some deputy prime ministers and ministers from Angola, Brazil, Cape Verde, Guinea-Bissau, Equatorial Guinea, Mozambique, Portugal, Sao Tome and Principe, and TIMOR-LESTE, will lead the Lusophone government delegations to attend the forum.
Presiding over the ceremony will be Wang Wentao, Chinaβs Minister of Commerce.
The ministerial conference, scheduled for Monday afternoon, will see top officials identify priority areas for economic and trade cooperation over the next three years. Additionally, they will sign an action plan for economic and trade cooperation between 2024 and 2027.
https://www.macaubusiness.com/npc-vice-chairman-li-hongzhong-to-join-forum-macau-conference/
China triple whammy , BRI/GDI support for TL directly , support to ASEAN and support to The Community of Portuguese Language Countries (CPLP)
Money , Money , Money , as they say follow the money............ ππ
Not so keen on that Woodside release with todays Q results, previously stated, new studies "with a bias towards onshore Timor Leste processing" , this the usual looking at both.
https://www.woodside.com/docs/default-source/media-releases/progress-continues-on-greater-sunrise-development.pdf?sfvrsn=b4babca2_3
As it says finally underway, said Feb 2023 taking another look, then caught us all , when Oct/Nov, said now have TL permission to do new studies, wtf they doing since Feb, now April 2024 and at last doing themπ²π
https://www.energyintel.com/0000018e-efde-d9cc-abce-fffe3e4c0000#:~:text=Woodside%20Energy%2C%20operator%20of%20the,long%2Ddelayed%20offshore%20gas%20scheme.&text=In%20a%20contentious%20congressional%20hearing,halt%20to%20LNG%20license%20approvals.
Great churn Tuesday on news 1400m , wed 400m thur 240, picked up again late today 310m+ late's
AQSE today unusual. see FOMOF thread.π€
Could be a good signal for Monday.π
PD-Nice to hear from you again B_Seeker will be over the moon!
Full ask on offer at 0.07 at the end with stock tightly held and buying interest increasing throughout the day. Great churn at a higher level this week. It seems the premonition of 0.08 on Mon seems very achieveable given it's BOIL and then another good week for it to climb over 0.10. Let's see if this mystic meg is right.
Jarv, the original timescale for the concep selection report was 6 months, so it might be done by October, maybe sooner π€
And you Bargain know doubt will speak Monday!
Shame Butler wasnβt in charge earlier but you canβt hurry bureaucrats so maybe now is the right time
Yes Jarv , that very interesting talks line , opens up many , many possibilities, make Filthylucre happy if it turns out to be the Japan MOU INPEX assisting Woodside , on gathering new assets, to secure Japans domestic supply for next 20 years. π
Meadow have a lovely weekend!
Once discussions advance to a certain stage we'd get a name drop in an RNS. This could be soon given Butler keeps making the point that discussions are advancing well and gives of an aura of confidence regarding the matter.
Boil have put details of presentations and links in updates in the past, so possible they might, or post some pic's on twitter etc, video , podcasts , I usually rely on more au fait , youngsters to find and post such media, more of a press hound in my case. π
Do they normally put them in an rns ?
Had a look around nothing on the usual video channels youtube etc, last with AB 3 days ago Proactive Presentation
Can just imagine the convo today lol AB to Woodside any chance could you hurry the concept study along please.
Recording of the presentation would be superb
At least the 3rd time in a month both in the same room Jarv π€
Defo Meadow its what the market is waiting for. Wonder if Ab will have a chat with Woodside today.
On that last post comment, STRATEGIC worth of Chuditch.
TL have a blueprint for its progress and development STRATEGIC development plan SDP 2011-2030
The TL Ministry of STRATEGIC Planning and Infrastructure has an MOU with the China Ministry of overseas development , which the China mega BRI and GDI are linked.
The STRATEGIC P&I have on the books the 3 large scale projects but no funds (china bri) Metinaro P.I.T. Gas/lng Imports and 90-120 day tank farm, to supply 3 to be converted to Gas Power stations on the Island.
Beaco multi string Gas/LNG Exports refineries and port and Beaco Oil and Condensate refineries.
So in more immediate STRATEGIC terms Chuditch appraisal to production drilling Q4, has to be Strategically in pole position for the Metinaro project (pm rauk asap ,hoping all done by 2025/26) long before 2030/31 teners Sun/Beaco.
They need gas for their 3 power stations and we can give it to them, timelines have always looked Strategically linked
The politics was a factor and will remain but less so, all started in 2002 when first PM Gusmao alienated the industry, saying it was all ours , it will all come to the Island but having zero money to build themselves, many Majors/Tier1 companies departed the TL section of the Timor seaway, meanwhile the Indonesian and Australian Timor Sea areas became prolific.
Gusmao vision of it all happening soon, imminent in 2002, all know how that worked out, said did not need the outside world can do it themselves.
Now the politics is, we are going BROKE, we need the outside world , its industry and tech, with Horta and Gusmao racking up incredible air miles in the past two years , courting everyone for assistance and funding, recent events have brought forth many offers, the latest being China commitment to get involved with TL oil and gas plus infrastructure, raising TL from BRI level 1 to level 2 (huge funding)
The legacy elephant in the room sunrise rolls on BUT the rest of the area that also stalled and became stranded, is now also moving on.
Industry and political landscape has changed dramatically in the past year. Just remains for Mr Market to recognise that change and that AB is going to do the business, which seemed a million miles away for boil 2020-2023.
Just the past 3 months, when for years Chuditch rarely got any sort of mention, even in Timor Gap annual reports, likewise its web entry , last looked still on about Boil doing the seismic (done and reported on Jan2023) now getting regular mentions , of its STRATEGIC worth to TL.π€
IMO the politics is also a factor
Shell thought Wombat , Bilby and Chuditch , now the NE and SW chud's could actually be a single giant connected field but due to the trench loud vibrations (constantly seismic itself very slowly moving west also) the seismic was never going to be conclusive to proving that theory. At the time said if proved up (more wells etc) it would take their initial estimate for the 3 from over 5 tcf to double that rating. Likewise reported addition 4 or 5 leads to the South and West, Bandicoot pulled in on Boils seismic rerun, renamed Quokka, so as been saying for a loooooooooong time, Chuditch GIIP and shells more oil or large condensate fields with more gas over (bandicoot etc) reserves etc , only going to get bigger.
Starting with CH2 , drilling reservoir estimate 149m v 25m CH1
Jarv-Obviouly I know about drilling team etc but once we get the funding deal we will all sleep a lot better!