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It's happening tomorrow good luck everyone
Whose money buys all the stock to pump for said placement? Why spend all that money to then dilute yourself and give the stock a bad rep?
All monies refunded plus $160,000, no capex and approx $300K per quarter coming in anyway. Then there will be the rise in SP....no placing, but you knew that anyway
Seems to me all ducks are lining up,much coming here IMHO keep ones eye on this share... Small mcap, lots of posotives... Onward and upwards for Mosman oil and gas... Imho
They just did a placing. All cash being spent will be refunded on sign off from NT Govt. Once thats in place, no new large cash demands. Pathetic.
Cancelled trades now appearing from the earlier rise naughty naughty
Absolute crap, back to boiler room school for you
Fingers crossed on this being a pre news rise but pumping into forward selling is the also a possibility with mosman they need money for the new commitments and would be more successful pumping to a placing now than waiting until the 31/3 deadline is passed. So easy for them to drop 3bn into the pump over the next 3 days. Easy money for the chaps at 0.012 ish.
@tradedesk - thank you for taking the time to reply.
@mytwocents - yes, they should sell Stanley and Cinnabar asap. The Helium is where the action is.
@Tame2017 - it is worth whatever the market is willing to pay for it during the build up phase. Like with Pulsar and HE1 the shares hit almost £100m mcap. Mosmans licences are in the prolific Amadeus Basin with Helium shows of of 9 & 11% at Mt Kitty & Magee and other surrounding plays. Australia is a safe jurisdiction and there is also infrastructure in place to pipe the Helium.
If they strike Helium in commercial quantities and commercial can be as low as 0.2% and the flow is good to great then there is no telling where it may go. North of £100m given HE1 recently tagged £91m on 4.7% Helium shows.
Greenvale
Before Brinsden spent seven years building and then nursing Pilbara Minerals’ Pilgangoora lithium mine through its difficult early years, veteran geologist Neil Biddle led the company.
It is believed that Biddle was the first person to mention the world spodumene on an Eastern States roadshow when talking about the Pilgangoora discovery.
Lithium was unheard of as an investment class at the time, which is not all that long ago actually.
Anyway, Biddle’s early adoption of lithium as an opportunity for the then-junior Pilbara Minerals – it’s now worth $12.2 billion – was not a one-off event.
He is a serial opportunist, something that is playing out at his Greenvale Energy, currently trading at 8c for a market cap of $32 million.
Greenvale’s main go is a torbanite project in Queensland that could be the import-replacement answer for Australia’s bitumen needs. Who would have thought?
The project is still being worked up but potentially at least, it could be a nice earner for a company with Greenvale’s modest market cap.
Not content to be investigating torbanite alone, Biddle has now added helium and (natural) hydrogen to the Greenvale story by picking up a 75% interest in an advanced project in the Amadeus Basin in central Australia from AIM-listed Mosman Oil & Gas.
The project comes with a big prospective resource base. Natural hydrogen has the greenest of green credentials compared with the energy intensive alternatives while helium is in a class of its own because of its particular attributes, and its myriad growing high-end uses.
The initial focus by Greenvale will be on seismic work on the gas accumulations, followed by drilling. End users will be watching given the current dominance – in an under supplied market – of Middle East and Russian helium supplies.
Get it back to half a penny then over a penny and then lets really move north.
@tradedesk
apologies - these calcs are well beyond my ability ! How would this translate as potential impact to Mosmans SP pls ?
From there resources. There a listed entity so can also access capital if they require to do so.
The farm in gives Greenvale 75% working interest and Mosman 25%, but for that they free carry Mosmans interest. Greenvale will pay $2m for Siesmic & $5.5m for the drill. The farmout alone is worth $10m, essentially giving Mosman a free crack at 25% of $13.2 billion which is about $3.3bn to Mosman.
Fingers crossed it’s leaking good news
Plugging the numbers on ChatGPT for EP145, we are talking bags on build up and a strike:
If the rate is $500 per thousand cubic feet (Mcf) and you have 26.4 billion cubic feet (BCF), we first need to convert the rate to dollars per million cubic feet (MMcf), as the volume is given in BCF.
1. Convert the rate from dollars per Mcf to dollars per MMcf:
$500/Mcf = $0.50/Mcf
2. Multiply the rate per Mcf by 1,000 to get the rate per MMcf:
$0.50/Mcf * 1,000 = $500/MMcf
3. Now, calculate the total value:
Total value = Rate per MMcf * Volume
= $500/MMcf * 26.4 million MMcf
= $13.2 billion
Therefore, if the rate is $500 per Mcf and you have 26.4 BCF, the total value is $13.2 billion.
This is excluding the Hydrogen or Natural gas
Not to mention the farmout on EP155 which is thought to contain Helium resources of 111BCF. Worth another $55bn or so.
Based on CPR 2U calculations.
They will get Farmout approval on EP145. A few investors made inquiries with Greenvale towards the end of February, they're very close to receiving ministerial approval now. Also last placing was only a month ago so they're ok until June (imo). They've also said they're now looking to commercialise Stanley by way of a sale, Carrol mentioned this in his latest interview and again in the production update 16th February 2024 "This flow rate is positive for commercialisation of the asset through ongoing cashflow or sale of the asset." In the interview he said the price tag would be significantly more than they paid for it which from memory was $1.1m, they've since increased there working interest and lifted production to there target which was around 100 boepd. Keeping it conservative if they can get even $2m for this that would give them almost 2 years worth of cash.
Helium assets have Teir 1 upside and will be in play imminently hence long lead items ordered.
Just pointing out the most likely course of events
Go away you complete tool
Happy to eat humble pie if the JV gets completed before 31/3 and mosman don’t do a heavily discounted placing before the end of April. Share price is down nearly 50% in a month. Approval was imminent on 24/1 the next trading day is 11/3 i would say the ticking clock has run out of batteries
The sad thing is they aren’t getting paid they are just small time investors that think they have discovered a way to manipulate the market (unfortunately they haven’t worked out that stocks on AIM are currently pretty poor state and need to make real business ideas work to gain anything - so save yourself time and effort and invest in the direction you think things are going).
First rule of micro caps is you get paid/unpaid trolls (don’t know which is more pathetic) posting daily fud—like yourself Fit—hilariously thinking they can manipulate the price. Imagine having your life 🫵😹
Fit is a fudder/troll. Ignore. Or better yet, filter.