focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Dust, although the RNS is headed MOU they have actually signed a Memorandum of Agreement which is in my humble opinion much stronger. Clear objectives and timelines FANTASTIC news
I am also with you guys and THANK YOU , plus well said , yes defo a no brainer but take up if you can
Very well said seeingtom and I agree. I and fellow proper long term holders I have spoken to ARE WITH YOU in supporting this issue. Dilution is minimal and in next 10 months Freepoint will have obtained commercial contracts let alone the Oil major and others. Yes this is painful in terms of paper losses BUT risk reward STRONGLY supports this capital raise.
It's NOT just gas they found,
"The recently completed second well, IE-4, was targeted 2.8 (kilometres) north west of the discovered IE field ... a 12 meter interval of the well was tested at a flow rate of 17.1 (million standard cubic feet of gas per day) and 8,780 (barrels of oil per day)," New Age said.
This is the info New Age posted, How were such incouraging flow rates so badly ‘ crowed out ‘ in our RNS New Age appraisal well in Cameroon's Etinde field strikes gas, oil Thu, 18th Oct 2018 08:45 LONDON, Oct 18 (Reuters) - * Privately-held New Age (African Global Energy) said on Thursday its appraisal well to determine the extent of the Etinde field offshore Cameroon was successful. * Partners in the field comprise Bowleven and Lukoil . * "The recently completed second well, IE-4, was targeted 2.8 (kilometres) north west of the discovered IE field ... a 12 meter interval of the well was tested at a flow rate of 17.1 (million standard cubic feet of gas per day) and 8,780 (barrels of oil per day)," New Age said. * New Age has 15 oil and gas concessions in Congo-Brazzaville, Cameroon, Nigeria, Ethiopia, Morocco, South Africa and Kurdistan, with so-called 2P reserves of circa 350 million barrels of oil equivalent. (Reporting By Shadia Nasralla; editing by Emelia Sithole-Matarise)
Thanks Luck, slightly complicated way of getting to same sum but yes our cash held and contractually due is nearly our Market Cap. Etinde and latest drill in course valued at near ZERO! BUT thanks to COC dramatically reducing overheads and investing a relatively small amount of our cash into fixed interest and high yielding dividend stock our monthly cash burn on monthly expenses is near ZERO. Even Investors Chronicle missed that it is only a relatively small % of cash so invested.
I would like to echo BP's comments and express my thanks to you Prep H and others not only for the informative and helpful comments on this board in our darkest hours but also the forum. THANK YOU AND HAPPY CHRISTMAS
I never normally post, but yesterday sent the email below. No reply. AN UTTER DISGRACE that Billy Allen is behaving like this. HE SHOULD RESIGN Katie please pass this on, THANK YOU Billy The General Meeting of shareholders voted You can't ignore the vote Whilst I have been a big supporter of BLVN ( holding within family in SIP and ISA's over 3 million shares ) I recognized all but one of the proposals were passed To dismiss you wasn't ( but that was by the finest of margins) I understand you effectively and unilaterally have decided to carry on as usual That we are continuing as before but without Kevin sitting on the Board That is outrageous and you should be held accountable by the shareholders to respect their decision We did not need to sell our holding in Etinde down by such a huge amount We should have taken some risk off the table but we did not need to raise that much cash AND what have we done with it! We are now under new management and you can't ignore and simply retain Kevin in his role and have him reporting directly to you You do yourself a huge disservice Richard
Peakview THANK YOU. I don't know if present for further discussions but for 500 tonnes PA more likely $650M Capex for rebar and $480M for Pig iron. Confirmations in due course. Rebar of the quality we anticipate producing now selling for $900 per tonne. Our costs $450 BEFORE credits for vanadium. Chinese govt through EPC provider hopefully can finance 70 to 85% debt but this would not lock out Japenese, Indian or Korean involvement. The bulk sample [450 tonnes] won't arrive until early next week. Loads of positives for us all.
On way back from AGM, all very positive. Significantly Reduced CAPEX numbers in due course. Considerable interest in China. Steel ( Rebar) the likely preferred route Probably profit margins inline with DFS despite falling commodity prices. Good support in country going forward You may think IFC dishonourable and weak following lack of funding last year, but now back at table following Chinese interest but I could not possibly say! WE ARE LUCKY AND PRIVALIDGED TO HAVE AMED AS OUR MAJOR LONG TERM SHAREHOLDER AND SUPPORTER, their clear support and obvious desire to CLEARLY look after ALL shareholders interests above any short term gain they could exploit EVIDENT FOR ALL TO SEE Jeremy thanked them and as a PI THANK YOU CARLO and TEAM Any company attracting their support is VERY FORTUNATE I know without their support we would not be where we are and we would have been at risk
Personally I have seen the price drop as a massive buying opportunity and added to my position. Good news will flow.Good luck to all
Totally agree TB. I have been in 6 years and am just selling my company. Can't think of a better place to invest in, as well as BLVN. Fantastic opportunity into 2015 and to the short sellers/sceptics....HAPPY CHRISTMAS and NEW YEAR!!!
Canaccord are excellent and a great addition!
Fantastic news and only the start!
“ fellow investors the Board have done us proud to date and yes the current SP is disappointing but bears no reflection on our “measured” assets. The Board are undoubtedly heavily engaged in getting the information we all await. If price sensitive information is held while proper communications are prepared to be released through proper channels they must remain silent. “
Mining Sector Update 1st October 2014 WHITMAN HOWARD GLOBAL EQUITY RESEARCH Individual Alphabetical Stock Recommendations Baobab Resources (BAO) - BUY Baobab is developing its 85% owned Tete pig iron and ferrovanadium project in Mozambique. Pig iron is a growth market and is a beneficiary of increasing scrap demand, while ferrovanadium is likely to see improved demand due to increased Chinese regulation aimed at offering stronger reinforcing bar for the construction industry.1st October 2014 Mining Sector Quarterly Review www.whitman-howard.com 14 At a share price of around 7.5 pence per share, down around 40% so far this year, Baobab still trades at a significant more than 95% discount to its share of the project’s after-tax NPV. The shares have been weak recently on iron ore considerations, but they are funded to complete their Definitive Feasibility Study program by the end of the year. BUY.