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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Upon completion of the Transaction, Eco will retain a 6.25% interest in Block 3B/4B.?
What’s happening here
Walvis next up hey.
Well done
I was looking at these yesterday but decided to sit on the sidelines. Well done holders and I'm sure there's plenty of time to re join the show later on.
No mention of Orinduik at all as if it didn't exist. Seeing Tullow pull out was of no concern. Seeing Total/Qatar pull out though... I'm writing that one off now.
Walvis Basin??? How long have we owned that.... how much work has been done there over the last 5 years?
Only thing that keeps me holding at this point is a possible 3b/4b farmout. Totally agree with Booradley, can't afford to sell at these prices. Once we get the boost from a farmout, will cut my losses. If it has not come by 3rd quarter... safe to say it probably isn't coming.
If Gil has been the master at one thing, it is dangling the carrot just out reach. I feel like I gotta stop being the a$$ pulling the cart and realize, never going to get that carrot!
And some for decades ...
We have been hoping that for four years...
Monica69.... you do make me chuckle...... Lighten up a little- you never know this may have some legs this year.....
...and out of all the stocks out there they pick this ??
Nah, it’s the start of the new financial year next month. People got money that needs a home before 31st March. ;-)
There were some large buys today so I would hazard a guess that news will soon be coming!!
Took ages to buy
Someone's buying and way above the ask. Leaky me thinks.
Well it's not me i can assure you of that !!
Who could afford to sell at these ridiculous prices? Im afraid im locked in. One reason i stay cautiously optimisitic is the volume being traded...somebody is accumulating?
Just what i was thinking too...looks like a copy n paste from 2 years ago !! Clearly duck all happening and they need the spin to keep investors bought in.
Sounds like same old blah blah blah. How bout the focus on one "post code" and get it goin already!
Another possibility in the AOI - Eco separation discussion is that ECO could trade AOIs shares for a percentage of ECO's ownership and/or operator status in the Orynduik bloc. Pure speculation on my part.
dat
AOI has its interests to protect. In the case of Eco Atlantic after a farmout in 3b /4B, the 20% that is the entry into the deal is no small part. It is important to note, regardless of how the deal is designed.
Aoi wants to clean up its portfolio before a larger merger with another company, this could mean buying all of Eco or selling its share in ECO to another independent or major. After a farmout, of course, our part of block 3B / 4B is of substantial value and therefore also interest.
How is news of a new major owner in ECO received? I think this situation is well prepared by the central parties involved. It is, after all, a central part of the business concept itself with the creation of our company.
I can only guess they will wait for news to sell on high volume and at a better price..
But divorce is never nice to watch.. (;
Harel
Whats your take? How messy will the divorce be?
He also mentioned the would amicably withdraw from ECO. Means something like 55m shares to be dealt with. Assuming a farm in comes how will ECO manage that? I would guess they will seek to buy the stake back? So farm out funds might need to be diverted to AOI. Just guessing obviously, maybe they can find another investor.
The farming out of 3B / 4B in orange Basin is led by AOI. Judging by the comment from the CEO of AOI when extending the time in the data room through Q1 for new stakeholders, a settlement with Total was close, but the drilling start date unspecified. If I interpreted it correctly.
After the settlement between Aoi et al in the Venus concession, there is the same type of settlement as a possible outcome, carried up to production. In the Venus concession, this cost half of the holding plus historically sunk costs. Should ECO have such a construction with 10% left after the settlement, it stands out against what AOI and Sintana have in previous similar settlements until now.
The result of the settlement, the remaining share in block 3B/4B, will be an obvious purchase object in the market. Via Eco and / or as a separate deal where all or parts thereof are sold. Funded and ready.