Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Nice presentation but not much interest here and sp down
The section on helium starts at around 1 hour 41 mins. Apparently they believe they've already found the sweet spot, one which intersects the hydrogen, helium and gas plays.
https://www.bigmarker.com/read-corporate/RRS-Gather-Round-Third-Quarter?bmid=72b3fa685ee3&bmid_type=member&bmid=72b3fa685ee3
Pre October 22 they went long spells without placing but in recent times its every 3 months give or take a few weeks
Why haven't they sold Stanley as yet! They could have 18 months or more of cash at there disposal if they did that. Instead shortly they'll have to go cap in hand to raise another £300k at a deep discount and needlessly give away warrants. This is what frustrates me with Mosman, so much upside wasted, Carroll is too slow. Ffs get on with it and get gone of the useless oil assets!
Have to say the appointment of Oak has given me a lot more confidence in the raise, and the deal generally.
Aren’t big sells.
Read the Rns from Mmm on Thursday. Appointment of Oak Securities same broker as Helix Exploration where they X3 times over subscribed for raise that is how Georgina Energy will raise £5 million
Read the RNSs Fibro .. The half year results were upto 31dec. since then stanley has seen increases and they raised capital in late feb. Two big pieces coming ASAP whats your price to buy ??
Please note JV RTO is referring to ep155 a jv with georgina energy and the reverse takeover of MMM. The deal with msmn is.Georgina will also undertake the initial technical work program which includes acquisition of seismic data to earn a 75% working interest and operatorship of the permit. On drilling an exploration well Georgina has the option to earn a further 15% working interest by electing to carry Mosman through the cost of the well.
By 31/1 no
By 31/3 no
By 30/4? What suddenly makes the imminent imminent?
MMM and GE where is the money coming from?
Mosman placings last 12 months -
06/04/23
13/07/23
29/11/23
02/02/24
Very likely a placing in the next few weeks especially after the shocking half yearlies and unexpected long lead expenses.
Cheers lucksin
Duff link sorry Radika.
https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=MSMN:LSE
..Would be nice though, wouldn't it?
Today 14:47
RNS Number : 7737I
Mining, Minerals & Metals PLC
28 March 2024
Mining, Minerals & Metals Plc / Index: LSE: MMM
Mining, Minerals & Metals plc ("MMM" or the "Company")
General Update & Appointment of Oak Securities as Joint Broker
The Company is pleased to announce an update following the announcement on 1 December 2023 regarding the prospectus having been lodged with the FCA for the proposed transaction with Georgina Energy plc ("Proposed Transaction"), a company that holds natural gas, helium, and hydrogen assets in Australia.
The Company has been busy with its advisory team in recent months and has now largely concluded the due diligence and prospectus, therefore, will shortly be undertaking to raise capital in April for the Proposed Transaction. The Company is now aiming to conclude the Proposed Transaction in early Q2 2024.
The Proposed Transaction is conditional on i) entering into definitive legal agreements ii) raising capital; iii) approval by shareholders at a General Meeting to be convened; iv) obtaining all necessary approvals (if required) and; v) granting of eligibility for the readmission of the Company to the Official List by the FCA.
There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course.
Appointment of Joint Broker
The Company has appointed Oak Securities (a trading name of Merlin Partners LLP) as joint broker to work alongside its existing broker Tavira for the forthcoming capital raise.
Roy Pitchford Commented:
"We've now reached an advanced phase on the transaction and will be looking to conclude the capital raise next month and then ultimately close the transaction and seek readmission to trading. We welcome Oak Securities to the team and look forward to their support on the forthcoming capital raise."
Roy Pitchford
Non-Executive Chairman, Mining, Minerals & Metals plc
So if I invested£1000 I would get £200000 by year end!! 200 bagger. Hmmmm
Can you post it, would love to read the research note.
...well, one analyst thinks we're getting to 4p this year. You never know!
GRV link
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02789972-2A1514514
It’s on the telegram group
Can you post, must of missed it, thank you.
Yes we’ve had confirmation from GRV pr and a late RNA on Thursday addressing it
Is that really going to happen?
Decent volume yesterday with sentiment retuned somewhat. Expecting a big few weeks with GRV update late yesterday too
Two wells have been drilled in EP 145 in the 1980's, both encountered hydrocarbons but were not tested for hydrogen or helium which were not identified in the basin until the mid-2000's. Those wells which have tested for helium have demonstrated significant helium content at various structural levels.
As Greenvale notes in its ASX announcements, helium has a "Surging Price and Fast-Growing Market" and "The global helium market is forecast to grow from US$5 billion in 2023 to over US$8 billion by 2030 with a current price of USD 450/Mscf."
Greenvale also notes "Amadeus Basin has some of the highest concentrations of helium globally, as well as confirmed hydrogen accumulations."
Mosman has published a Prospective Resources estimate of 440 total gas including 26 bcf of helium and 26 bcf hydrogen.
Mosman has now committed to start acquisition of long lead items for seismic acquisition. This decision was made given the high confidence in the completion of the farmin agreement, and with GRV confirming these costs will be re-imbursed upon completion.
Upon Completion, Mosman will retain a 25% working interest in EP 145 and Greenvale will earn a 75% working interest in EP 145 by:
· Committing to pay AUD160,000 in cash within 5 days of Completion
· Paying for the EP 145 Permit Year 3 Work Program, including seismic, effective from Completion Date
· Funding the Permit Year 4 Work Program, including drilling one well with a well cost cap of AUD5.5 million
· The Year 3 Work Program is to be completed by August 2024 and the cost of the seismic acquisition is estimated to be circa AUD2 million
· The Year 4 Work Program is to be completed by August 2025. The cost of drilling a well depends on many factors including the depth of a well and cost of drilling rigs at the time of drilling
Greenvale also noted that: the Amadeus Basin has some of the highest concentrations of helium globally, as well as confirmed hydrogen accumulations; EP145 sits within recognised play fairways for helium and hydrogen and contains proven hydrocarbon discoveries; it lies on-trend with the producing Merenie Oil & Gas Field; has successful helium wells located along the margins of the Amadeus Basin at Mt Kitty-1 and Magee-1; and an existing pipeline infrastructure to Australian East Coast provides opportunity for early commercialisation.
I’ve been reading your past posts from been a potential 2024 biggest gainer in January to your constant deramping . Why? I think we know the reason