Member Info for 99icecream

BTW Its a pity you were not buying Kendrick when they were even cheaper, my average cost was under 2p ....not bad for an ignorant, illogical old fart !

Who said I "missed out" ?

I have bought a few shares here, having read Charles Archer note. Its not as obvious that this will do well as say Kendrick or Blencowe etc (which I own in much larger values). The key asset is the Gilbert's themselves who have unique skills re. Oil and Venezuela and its hard to put a value on that. Apertura will need to buy assets, so there is going to be significant dilution here. It is not suddenly going to worth a large amount, that is going to depend on success in building a sensible asset base, doing deals with the US Oil Majors and wining business in Venezuela.

New rules dictate that these Investment Companies can only operate for 24 months before they must close. The new rules took effect 31 July 2025.

You think that the SPAC's operate as some sort of Financial Shark seeking out undervalued assets, when the reality is they are the in fact just Bait. The are attractive to those that want at listing because they are clean, since they have done nothing, they do not face the prospect of law suits, or creditors unlike "Shell Companies" (listed companies which have ceased there original business).

Dicko80 When the option on the Rare Earth Project in Namibia was obtained (21/1/26) the Kendrick Share Price was approx 0.34p. When the CLN funding was obtained for the option exercise (10/2/26) the Kendrick share price was approx 0.90p, so 0.66p (a 25% discount) was not unreasonable.

Whilst Teufelskuppe remains a highly significant rare earth project, current evidence suggests Kieshöhe could ultimately possess greater tonnage potential. The possibility that both projects form part of an extensive mineralised district opens up an exciting opportunity to define a rare earth resource of truly world-class scale.

Correction "............will be delisted and wound up on 31 July, 2027........."

I'm not sure you that you are helping when it comes to the "fake news and commentary".

Your Mr Williams runs an Investment Company that since November 2021 has not been able to invest in anything and as a result his company will be delisted and wound up on 31 July, 2026 if a transaction has not occurred.

When this deal goes ahead Mr Williams will depart with his 3.5 million shares in Apertura Energy. The Gilbert brothers are buying Mr Williams' business for its Listing and nothing else.

Suitable Non Execs for Apertura Energy, will need experience in the Oil Business and need credibility in the USA and South America.

The World Bank Reference price for Potash for End May 2026 was published recently. (Reference is the FOB Price in Brazil)

The End May 2026 Price was $405.00. This is up 0.9% since End April 2026 ($401.25) and up 15.0% since the Formal Sale Process started (End Oct 2025 price = $352)

BTW Leaving aside the fact that certain preparatory works have been carried out already for North Syncline !

I suspect that having produced the DFS they are stuck with it, as investors / funders would expect it to be followed precisely unless there was a very good reason not to do so.

The recording will be there to view soon. But what I gathered was.

1. No plan to work with Arcadia

2. Have done work on Aftan with a view to monetising the asset (i.e. either sale or having a partner as operator and get cash from selling the ore).

3. Only 3 of the 13 obvious sites have been explored so much resource here (maybe district sized).

4. Suitable for dry separation rather than using water (key as water scarce in Namibia).

Key message was that RJ is keen to monetise the assets and return cash to shareholders; and as he has 25% shareholder is motivated to do this.

Three positives from that IMHO

1. 2A contains 85 times (maybe 100 times) as much resource as Walviskop. Not the 34 times previously indicated.

2. Aftan case to be sorted Namibian court by the end of the month.

3. Any surplus cash from an Aftan sale to be paid to shareholders.

BRES have only just completed their DFS (29 May) and only recently completed their JORC (18 May) due to their Assay Results being delayed. Each of the potential investors or funders will have a formal internal process to go through which can only start now, and (as below) the DFC response will be the key one that dictates when BRES will be able to decide among competing offers. IMHO

Seems to me that BRES is running on a timetable dictated by DTC. DTC after all provided a soft loan covering most of all the drilling. I can't see them being able to provide further capital until all the results are fully documented. DTC may also be interested in taking an equity stake as well as lending.

There are two things that make this arbitration claim unique (IMHO) and suggest to that a settlement would follow a failed Jurisdiction claim.

OCP (95% Government owned *) the worlds largest producer of Phosphate Fertilisers has a $13 Billion+ investment budget, mainly directed at increasing fertiliser production, so investing in Potash (and the associated products from the KMP process, e.g. Struvite) would fit this strategy well.

Emmerson and the Arbitration is of little interest in Morocco, if the Government settles or fights the claim is not an issue (unlike many arbitrations where someone in Government is at fault and causes a loss which falls ultimately on the tax payers).

* Until 2008 OCP was a department of the state (Office Chérifien des Phosphates [OCP] translates as Office of Phosphates) which was 100% responsible for every aspect of Fertilisers in Morocco.

The Stockbox is an interview with Gervais Williams of Premier Miton the largest investor in BUCE (with 17.29%). They have a history with Paul Welch due to being investors in SDX Energy (where PW was CEO 2015-19).

Most of the late trades are from yesterday 1st June.

Its sounds good to be congruent ! - There is lots to get excited about (besides He3) the well-head pressure is substantial, which implies large reserves. The purity which implies premium prices, the Hydrogen etc. etc.

That should be 0.6775 x Ra btw

I'm note sure about your units but anyway my calculation is as follows:

He3 is about 0.9 parts per million (of Helium) by at Rudyard ( .06775 x Ra, with Ra =1.34). So in 8.04 Billion Litres of Helium you get 7,240 Litres of He3. 1 Litre of He3 weighs 0.1339 grams, so 7,238 Litres of He3 weighs 970 g (approx 1 Kg)