Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Normas - Good spot mon ami
"Entered an agreement to assume a 60 percent operated interest in Uruguay’s AREA OFF-1
offshore exploration block, subject to customary closing conditions."
That is quite a positive development for the unsure prospective shareholder I would suggest as Chevron have gone in print as to the deal.
GLA
IK
Uraquayan waters are the new Texas!
☺️
Down over 90 % from 6 years ago got to improve some yet if it ever does ..atb
…and nice to see Chevron mention OFF-1 in their Q1 earnings report, published today. Third bullet point under Business Highlights and Milestones.
Up 222% in the last 6 months......
🤭
Ty, autocorrect.
Charlestown*
In the last 6 months—share price currently almost 4X, farm out agreement with Chevron (which includes $12.5M up-front payment), and now a £1.5M strategic investment from Charleston (who successfully invested in Namibia—Uruguay’s geological mirror).
New investors can take the word of a specialist energy investor in Charleston Energy Partners as to the potential of CEG, or the word of trolls talking about 6 years ago.
GLA DYOR
Haha willeck. How big has the drop been in last 6years? Long way to go for your breakeven!!
Nearly 400% rise in 6 months!!!
Momentum like a sp rise of .045 to .16, a 60/40 farm out agreement with global super major Cheveron, and a £1.5M strategic investment from Charleston Energy Partners? 🤭
GLA DYOR
VERY STRONG BUY - will help us and demand for the share will continue to rise.
VERY STRONG BUY!!!! from here
I see the same old and some new (reincarnated) names continue to blow hot air and waffle on this board day in day out in a desperate attempt to create the illusion of momentum...
F.Y.I
Drillship DS-17 is due to arrive in Argentina this week, local media outlet Eolo Media reported.
The vessel is tasked with drilling well Argerich-1, in area CAN-100 of the Argentina Norte basin, a license held by Equinor, YPF and Shell.
According to shipping website VesselFinder, DS-17 is due to arrive in Mar de Plata, Buenos Aires province, on Wednesday.
An environmental license establishes the drilling work window runs between December 15, 2023, and June 15, 2024.
BNamericas has contacted block operator Equinor for comment.
JBT, In4: Thanks very much, I thought that was the case.
It makes perfect sense for a consolidation and reduce the shares in issue. This all looks to be gathering a bit of pace now and I'm tempted to add a few more shortly.
Anyone else considering similar?
Hi Andy - thanks to jbt for his answer.
The confusion arose because Eytan just listed the requirements of Charlestown for conversion of the loan into shares in the RNS - I can see how it can be construed differently but it’s clear now shareholders will get their opportunity to vote on it.
Hello Andy, the consolidation issue was mentioned as part of the Charlestown news. Nothing has happened yet and shareholders haven't approved it, but it is a condition of Charlestown being able to do the deal with CEG when they want to turn the convertible loan in to shares. Their custodian can't invest in companies with our current share price therefore the need for at least a 50:1 consolidation. Details on the CEG website under "Investors" then "Regulatory News". Hope that helps.
GLA.
Was there a specific RNS about consolidation? it said shareholders had voted, did I miss it?!
The news around Uruguay is big and this is ready to go any time. CEG is so cheap, looking forward to 1p plus very soon.
While we’re on the topic of blindingly obvious things—Garry is a troll and likely alt account.
Funny how they always want to tell you their life stories…
GLA DYOR
Garry, you're very good at stating the blindingly obvious downsides of this or for that matter any other O&G explorer but I haven't seen mention of the potential upside unless I'm missing something. You are correct in highlighting potential issues but most of them apply to any share or investment. Most people on here haven't done enough research and their naivety is exposed in their posts. This is and always has been high risk, high potential reward and as long as you've only invested what you can afford to lose, does it matter? Rather than asking Willec about future potential oil discoveries and share prices why don't you do your own research and answer your own question? It's pie in the sky at the moment, the point being that CEG are now clearly on a pathway that is likely to produce value for it's shareholders, IMHO, the trick is to get out once you've made a decent profit and the reality is many people have already done so since last October/November during the lows even if they "only" left with 2, 3 or 4 times their money, it's already been a brilliant investment for some. Before JohnBriggs or some other muppet pipes up that has been easily and demonstrably achievable, it is NOT a fantasy scenario!
Im in ..
Sunshine, re-read your post 3 times and still can't make out if you're in or out , up or down, pro or con
All the best
Incendros - "I can see this consolidation is a worry for you". 23.04.24 11.03
Trust me, money is not a WORRY for me. I say this not because I have an abundance of it but because everything in life is more important than the worry of money. I, for one, certainly don't worry about a share consolidation. If Chevron, on our behalf, finds billions of barrels of oil as investors, our children or grandchildren will probably have an abundance of money. If they find nothing or Eytan Ulliel and his board of directors screw the retail investors, we all lose our money, and our millions of shares are worthless as they pretty much are now. But worry, no, I don't worry about money, and you do not know me or my risk profile. GG
Not sure why anyone would come up with a statement that consoldation will somehow relate to a SP fall - the Mkt CAP stays the same .. make no difference at all other than it looks better than billions of shares @ 0.15p on the requster. its a good thing. Also Whist there is signicant risk on a wildcat you have to base that risk v market cap not SP. Chevon have put that risk based value on One licence at many multiples than the current Market Cap, and now we have Intitutions getting in on at premium.. Whether Uraguay is the next Nambia remains to be seem , but if you want to get involved CEG is worth a fraction of what other much more knowledgable world leading oiler are ready to invest. These boards are full of Desperate gamblers and Fools IMO