Member Info for ART123

Potential Strategic Investment

The Company is currently engaged in discussions with several parties under Non-Disclosure Agreements regarding a potential strategic investment. While discussions are ongoing, there can be no guarantee that this will result in a transaction.

Sounds like the cash is running low so more is required.

The good news is that maybe WOS will disappear like he did before when there was bad news.

"The Company completed eight holes for 3,000m drilled with diamond drill hole ALV-DD-004 intersecting 3m @1.29% CuEq within a broader 6m @ 0.82% CuEq. Six of the remaining seven holes drilled intersected elevated to anomalous copper mineralisation with initial observations of the core displaying similar geological, stratigraphic and structural settings to that of MMG's operating Zone 5 underground mine."

This is extremely poor.

What figures have we got to go on?

HE1 reported that the Itumbula West-1 well initially successfully flowed a high concentration of helium to surface from basement, at a measured concentration up to 4.7% helium. A measured helium concentration of 4.7% equates to almost nine thousand times above background levels.

Then after the EWT this was upgraded to 7.6% helium with this air corrected to 7.9% helium. A measured helium concentration of 7.6% equates to over fourteen thousand times above background levels (5.3parts per million).

So compared to HE1 flow rates the Helix figures do not initially look to be very promising. 110x to 250x background is not in the same ballpark as 9,000x or the 14,000x from the HE1 EWT. (Also if you compare the figures - 4.7% and 9,000x background and 7.9% and 14,000x background they do actually make sense).

AJMHO

Not much point in selling now with new contract negotiations at an advanced stage and details to be announced shortly. Year high stands at 38.5p which could and should be reached and even surpassed over the coming days and weeks.

AJMHO

"As previously announced, the Company is in discussions with a number of large US insurance companies regarding new contract opportunities and significant expansions of existing partnerships. These negotiations are now at an advanced stage and the Company anticipates that further details will be announced shortly."

Https://www.investegate.co.uk/announcement/rns/ondo-insurtech--ondo/factory-capacity-increased-/8511791

28 October 2024

Ondo InsurTech Plc

("Ondo" or "the Company")

Factory Capacity Increased in Anticipation of U.S. Demand

Ondo InsurTech plc (LSE: ONDO), a leading company in claims prevention technology for home insurers is pleased to announce that it has increased production capacity at its UK contract manufacturing facility in light of significant increasing demand for LeakBot, across the Company's key markets but in particular in the United States.

As previously announced, the Company is in discussions with a number of large US insurance companies regarding new contract opportunities and significant expansions of existing partnerships. These negotiations are now at an advanced stage and the Company anticipates that further details will be announced shortly.

Ondo has agreed to make further capital investment in a second dedicated production line at its manufacturing partner, Asteelflash in Bedford, England. This investment will increase the current production capacity at the facility from 10,000 to 40,000 units per month. The Board believes that this will provide sufficient headroom to accommodate the planned increase in demand from the United States.

Craig Foster, Ondo CEO said "It is great news that the UK facility will now be able to meet a significant increase in demand. Coming announcements about our partner-led U.S. expansion will clearly demonstrate why now is the right time add the second production line at Asteelflash".

"The RNS is very good and the story gets stronger here by the day" - lol, lol, lol

Yeah, but then the share price is down 11.76% today with people selling at 0.076p so maybe it wasn't actually a very good RNS at all. And dream on about "the story gets stronger here by the day".

The start of the rainy season might be a good time for Kobold to pull out the drill and abandon the hole they started on 16th April 2024. This must surely rank as one of the longest holes ever drilled, though so far they haven't even reported any low grades of copper present even at extreme depth.

Unfortunately, the wet season is just starting so there won't be any more drilling there for a while.

From RNS dated 16th October 2024:

"Patrick Cheetham, Executive Chairman of Tertiary Minerals plc said:

"Our inaugural drill programme at Mushima North went smoothly and was extremely successful, meeting its objectives in full. The Mushima North area is quite remote and largely inaccessible for exploration during the wet season, so we are pleased to have completed the drill programme and demobilised the drill equipment before the onset of the rains."

Buy today - hold for a year. Sounds like a silly idea to me.

Running late was the key. It'll probably be another year before anything is announced.

ALMHO.

I think the most likely result here will be along the lines of what has happened this week with Seascape Energy, who have been awarded a 28% non-operator share in a PSC in an offshore Sarawak discovery licence. Enquest Malaysia will be the operator with 42%, and Petros, the Sarawak state-owned oil company, will get the other 30% with the award made by Petronas. According to Seascape management, the award was late ie., long overdue, in being announced.

UPL will equally get a minority share in the PSC but will not get all of it or be the operator as they are far too small for that.

AJMHO

The intense interest generated by the presentation yesterday is confidently reflected in the trades recorded so far this morning - two in all, both showing as buys, one for 4 shares at a value of 0.12p and the other for 3 shares at a value of 0.09p. Maybe they are even Directors Buys - just to get things moving.

Completion in 2 or 3 weeks and then they can drill Pepas, which according to the presentation is not a foregone conclusion. In fact, if the initial 800 metres of drilling doesn't continue the gold from the previous 3 successful drills then that will be all over anyway.

Anza meanwhile may or may not be drilled enough for an initial resource estimate, but even if it is it is not going to be huge, despite the high grades. As Brad said a big multi-million ounce gold resource will usually require 2 or 3 hundred thousand metres of drilling, while Anza has had only 38,000 metres. To drill more will be time-consuming and expensive.

El Roble and El Cedro are potential porphyry targets but they are undrilled and it will be starting from scratch.

But then the El Pantano Project in Argentina may turn into another Cerro Negro and become the big success for OMI. However, that hasn't been drilled yet either and they do not even know if there is any gold at all there as yet.

All in all a bit of a 'risky' waiting game and maybe the best hope would be for OMI to attract a new JV partner who would be willing to pump some drill funds in for a share of the prospect(s).

ATB

Back to reality with an update. The deal still hasn't quite been finalised, which when it does might see a small uptick.

Anyone who knows anything knows that rock chip samples count for just about nothing so they are nothing to get excited about. At Pepas it looks like historical drilling has come up with 3 very good holes but then later holes didn't hit anything of note so that is no guarantee.

El Cedro and El Roble are both at an early stage so there is no guarantee of anything positive there.

And no mention of an initial mineral resource estimate, which is the only thing that might genuinely see a serious uptick in the share price in the foreseeable future.

And with the update this morning there isn't anything new due in the presentation later today to get excited about.

Oh and I can see 2 big buys at 2.77p gone through - one for 10,000 shares at a value of £277 and the other for 3610 shares at a value of £100. Quite a bargain!!!

And the chart is primed for a nice bounce upwards - maybe 4p or 5p!!

Valirix has just had an Investor Webinar and the share price is up 68% (even with a director standing down). OMI management are not going to do a presentation without news or they just wouldn't bother.

Oh and of course at the time of the GGP "Initial Inferred Mineral Resource Estimate" GGP only owned 25% of the Haveiron project.

Just for comparison GGP brought out their "Initial Inferred Mineral Resource Estimate for Havieron" on 19th December 2020 - link below. The copper complicates things a little, but overall the copper at 0.31% was not a big deal. Including the copper, the overall resource estimate was for 52 M/t @ 2g/t Au and 0.31% Cu for 3.4Moz Au, 160Kt Cu or 4.2Moz AuEq1,2. So of relevance here is the 3.4Moz gold at 2g/t. (That is 52 m/t @2g/t and divide by 30.5 to convert the grams to ounces}.

https://www.lse.co.uk/rns/GGP/initial-mineral-resource-estimate-for-havieron-qrzwdhs9gkppl2o.html

At the time of the GGP release of their Initial Inferred Mineral Resource Estimate (at which point the GGP share price had been rising for around 12 months} there were 3,873 Million shares in issue and the share price peaked at over 30p for m/cap of over £1000M (over £1Billion). The m/cap here is less than £7M so there is a long way to go.