Member Info for Bamps21

Hi Bilbo
That string of Pearls is still there.
The reason he merged Cerp with BPC was lack of funds and an Institutional investor who wanted out and kept selling restricting the cash raising ability.
Trinidad will need a lot more cash investment before it returns anything.
LK wanted out there too many things holding his ambitions back
ATB:))

Hi SharkMoomin
The prospects of S2 making up most of that 2,500 look good but from experience of S1 with its mud issues it's still a risk.
Cerp had a plan to drill 60 shallower wells on the Saffron field that would be a cheap alternative to risky ventures.
LGO/Cerp always gave 2,500bopd target but never hit it.
BPC could hit it if they target the right economical zones first.
Goudrons depletion rate is too high just keep slowly pumping water in to eventually get the pressures back.
There's not enough oil left at TI to make a difference and pay Predators costs and leave a profit for Cerp.
There are big targets on the SWP but cash needs to be preserved first.
The south Erin field is close to a big fault zone , I'm positive of finding oil there at some point
ATB:))

I still believe this to be a strong buying opportunity as I believe the asset value is very strong.
Are there any negatives, yes but only minor ones like newsflow which makes me jittery.
I may seem very positive to most people here but you will definitely find out if I don't like something.
I would like to think anything I mention people go away and research what I'm on about.
If things go .... up I know I will probably get loads of abuse, but I will always try and give factual reasons for my posts being either right or wrong.

Well there's been a disaster at BPC and the main posters are getting some stick and in my view rightly so, they promoted a very risky venture. I got lambasted by them for not wanting the merger with Cerp, I got very negative about that merger and did I get some stick for it.
I'm thick skinned and sold out luckily Petersalkeid came with me and a few others to Ggp.
Cerp assets haven't gone away it's just been mismanaged.

With the Ggp assets gold is still there, the sp can go up and down the assets are being well managed and I am still positive of the sp future growth.
Good Luck All

Hi SharkMoomin
The way forward cut costs dramatically.
Only maintenance on Goudron don't put cash there yet.
Get the drill company back on S2 as with the Cerp jv contract.
Go back to S1 and start production from the shallower levels as soon as possible.
Conserve cash, reduce the Board and workforce , cut expenses.
Consolidate the shares in issue to be able to raise further funds.
This needs to go to at a slower pace to save cash.
Things are going to get tough I'm afraid
ATB:))

Hi Starchild
Before the merger you came on the Cerp board promoting the merger very strongly, you were quite adamant that my views on the merger were completely wrong.
Now you are relying on Cerp assets.
I think that is dilutional, Cerp assets couldn't keep Leni Oil & Gas going nor could it keep Columbus Energy going.
Cerp shareholders are now heavily diluted.
These assets will not be able to support both sets of shareholders.
I still believe Cerp assets are good but now there are too many shareholders and not enough funds to keep it going.

Hi Razorman
I feel for all the old Cerp shareholders but I did give my views very loudly before the merger to vote No.
The risks were too great.
Trinidad couldn't provide enough growth for the amount of shareholders Cerp had , and now massively diluted with all the BPC holders.
Future doesn't look too good I'm afraid.
Good luck with whatever happens
ATB:))

Hi Dillon
It's not that deep but is so long and wide it will take some drilling to prove it up
ATB:))

This is a quote about Panorama by Gervaise on 20 Aug 2019

"While still at a very early stage, the increase in scale of the mineralised trend at Panorama fits directly into our strategy to identify and progress potential tier one projects.”

He was only talking about the latest gold survey.
Another Tier One asset
It may take a lot of drilling though

Hi Tig
They just can't keep up with me :))

He did seem to get excited about Bromus, I can't remember Ggp finding gold there will have to have another look.A lot to explore there.
On Firetower and Warrentina he missed a lot.
Good summary though.
ATB:))

Gervaise has always been mentioning pathfinders, then there was Magic's super presentation/rant telling investors about indicators.
This is what I posted last week end

"Geochemistry31 Jan 2021 17:24
Had a quiet afternoon watching a few lectures from the Australian Institute of Geochemistry. I know sad :(
There's one on isotopes which I followed about 50% but the last couple of slides were interesting to Scallywag
https://m.youtube.com/watch?v=Q7DULoQJTQ0
This lecture discusses in depth on Galena and how in time lead is formed, the age can be traced using isotopes . Working backwards in time allows the geologists to trace which way the ore body is.
The last slide shows the main magma column with sills coming off horizontally and he's talking about how to trace the magma position. This looks similar to what may be at London towards Teach.

These are lectures by recent Students completing their PHD.
The amount of research at the moment on vectoring is going on in leaps and bounds.

Another is talking about chloride movements and the ability to trace the ore body through the mineralogy.
He remarks when announcing elemental analysis make sure every element is named as every one has a clue to their origin.

When you see the next 4 drills don't look at it and think there's not much there. Stand back and think where is the ore body what clues can they see.
This new ore body is there, they just need to find it, if they do WOW"

Hi Mickey
I posted this yesterday on how the revenues are obtained

"RE: Havieron05 Feb 2021 16:18
One thing I am unclear of is the price NCM sell their copper concentrate for.
Some companies sell their copper concentrate to the smelter for a price, one price I've seen is $4,000 per ton, other metals are then credited to the supplier, also stuff like arsenic which comes out is a debit.
Cobalt would be in the credits.
Smelter costs are about $65-80 per ton
So the price is difficult to work out.
I have tried from NCM accounts to work backwards from their annual copper revenues divided by the tonnage can't recall what figure I came too."

Gold,silver,molybdenum, uranium and others will come from the copper concentrate and are all classed as credits.
There was some uranium in the MMI results in the Had001 announcement but not seen it mentioned since.

In conclusion I can't see the full copper price being obtained but the credits with the gold and cobalt will more than outway the debits and could even realise more than the copper value.
ATB:))

Anyone who wants to read the Berenberg presentation it's at the end of the IKa presentation Dec2019 so it's just over 12 months old but explains how they see battery metal prices going up to 2025

https://www.ilika.com/images/uploads/downloads/Ilika-Capital-Markets-Day-Presentation-Dec-2019.pdf

Covers Nickel, Lithium, Cobalt, Silicon and manufacturers and metal supplies

This is a portion of what Berenberg expert Chris Armstrong has to say about battery development as at Dec 2019.

"Cobalt spot price is down by 63% from its peak at start of
2018. Our “cobalt crash” thesis has largely played out.
• We now change our negative view on cobalt
• Expect a bottoming of cobalt pricing and tightening of supply-demand balance over 2019-25. This is because of:
1. a shift to NMC from LFP in electric buses in China (subsidies require higher energy densities),
2. increased processing costs for nickel rich NMC
3. preference for long life (and safe) cobalt rich NMC for
commercial vans, trucks and off road vehicles.
Global cobalt demand to rise by 90kT over 2019-25 while cobalt production to rise less than 70kT because of Katanga (25% of total increase).

I'm not disputing what Willem says but battery technology is moving at a pace and global cobalt production is not keeping up with demand.
Nickel battery technology by 2025 will be too expensive and overtaken by cheaper battery technologies.

Hi Tom
That was a good interview although I disagree about his cobalt statement.
Nickel batteries need 2% min cobalt content to prevent fire risks.
There's not enough cobalt to support a 2% content.
Another use of cobalt is an alloy mix to strengthen turbine blades, this also will take up a large portion of the global supply.
If Tesla are trying to eliminate cobalt from it's batteries why has EM bought up cobalt supplies from a mine in the Congo.
I don't believe Willem has researched the new battery technology thoroughly, the solid state battery market is just about to erupt. The Quantum scape tech has hit problems and IKA look likely to exploit it.

ATB:))

Hi Prof Q
I take it you didn't read my post yesterday

"I don't believe many here have realised yet the impact copper will have on the value of Havieron
@ 0.4% grade (which I believe looks achievable) x $7,800 is around $15bn.
Considering the old adage gold pays for everything, copper is profit.
30% of $15bn is about $4.5bn
I will leave you with this thought:-
It doesn't look like many of you have picked what I've been saying about cobalt
at a low average grade of 0.1% = around 484,000 tons at $45,255 is around $22bn.

Now what was I saying about gold pays for it all and copper is the profit.

ATB:))

Hi Ben
A merger is possible but I hope not I'm enjoying the ride
Hope you still building a lot, just think of my divis , work harder :))))

Hi Darby
One thing I am unclear of is the price NCM sell their copper concentrate for.
Some companies sell their copper concentrate to the smelter for a price, one price I've seen is $4,000 per ton, other metals are then credited to the supplier, also stuff like arsenic which comes out is a debit.
Cobalt would be in the credits.
Smelter costs are about $65-80 per ton
So the price is difficult to work out.
I have tried from NCM accounts to work backwards from their annual copper revenues divided by the tonnage can't recall what figure I came too.
ATB:))

Hi Lash
I posted this earlier

RE: HavieronToday 11:27
The processes are complex but essentially there's low and high grade ores.
Everything is crushed to pea size first.
Low grade ores are leached with acid and this is where most other minerals are lost.

The rest is put through the gold circuit which is either gravity or cyanide circuit.
Gold,iron and silver from their are made into Dore bars about 70% gold.
The residue goes on into the copper concentrate circuit which is a powder containing 30% copper the rest is all the other minerals.
It's sent to a smelter where copper mattes at formed and then into copper anodes.
Electrolysis is used to get the copper to form copper cathodes. During this process all the other minerals are in the bottom scum including gold,iron,cobalt etc
This scum is then made into cobalt anodes and by electrolysis cobalt cathodes are made.

Bit simplistic but there is a lot on google to research

Cobalt grades in Had006
from 471m from surface to 838m
Just a few there's a lot of intercepts
471m deep 367.1m length .175% cobalt
8.5m of 0.506%
6.1m of 0.375%
14m of 0.18%
27m of 0.17%
4.5m of 0.7%
6.6m of 0.8%

Had 007
468m-753m
14m of 0.173%
2m of 0.43%
16m of 0.14%

Had 008
426-591m
89m of 0.36%
19m of 1.14%
30m of 0.15%
4.5m of 0.53%
15m of 0.24%

Had009
689-923m
117m of 0.11%
74.5m of 0.35%
25.5m of 0.51%
11.5m of 0.78%

There's a lot more .
I have to admit I'm not sure of what economical cut off level they would use, but I've seen other companies quoting 0.05%

I am speculating on an average of 0.1% and whether it's consistent through the ore body but from these 4 holes it's certainly present right the way through.

Hi Tig
It was probably me, Ggp seem to have put everything on the back boiler for now.
Everything is centred on Havieron at the moment
ATB:))