The December London South East Investor Webinar took place yesterday evening and we had a full house (remember those?) with CEO's from 4 AIM-listed companies present and taking questions from our live audience of almost 200 investors.
First up was the CEO from Power Metal Resources Paul Johnson, and he updated us on the group's 9 key assets. Power are exploring for gold in America and Australia and various base metals in Africa. Paul chose to focus on the gold licences in the state of Victoria in Australia, for which they may seek a TSX-listing, and Molopo Farms in Botswana where a drilling programme is ongoing.
01:30 Paul Johnson, CEO, Power Metal Resources
Bert Monro, CEO at Cora Gold is just back from Mali where he has been on-site. The Sanankoro Gold discovery in Southern Mali has been the main focus for the group, with a Term Sheet signed which fully funds the project to the tune of $21M, assuming a Definitive Feasibility Study is completed in 2021. That was until this week, when a drilling programme which circles Hummingbird's Yanfolila Gold Mine in Southern Mali was announced. Almost the entire Cora team are from Mali so work there has been progressing without travel restrictions.
30:50 Bert Munro, CEO, Cora Gold
We were joined by Colin Harrington, CEO of Zephyr Energy from just outside Washington D.C. Zephyr as you may know were previously known as Rose Petroleum, however its definitely a case of strong new management team, new strategy and funding. Colin confirmed they are preparing to spud a $2M Government funded research well at Paradox Basin before the year-end, and have raised £2.25M in a placing to partly cover the cost of a horizontal drill if required. This well is economic at under $30 dollar oil.
01:01:09 Colin Harrington, CEO, Zephyr Energy
Last of our presenters but most certainly not least was David Whelan, CEO of tech business VR Education speaking from Waterford in Ireland. Over a few years David and his wife have built VRE up into a cutting edge Virtual Reality business focused on delivering education and events through the Engage VR platform. Today we say "lets Zoom", in the future David hopes we will say - "lets Engage" as the platform becomes a next-generation communications tool for corporates and higher education. His target is large Enterprise companies and clients - so larger contracts and licences. The pandemic has accelerated take-up of the Engage platform and Chinese firm HTC now have a 20% share stake and strong connections.
01:32:03 David Whelan, CEO, VR Education