Member Info for BigMinnow

Piers Corbyn is no denier: he just does not believe in anthropogenic climate change but maintains that climate change is mainly a result of the cyclical changes in the Sun's activity combined with changes in cosmic rays and changes in Earth's magnetic field. The whole CO2 crap is just a tax raising fraud.
But I'm sure UKOG have a new site in mind for this PEDL, so worry not.

Great interview: covers last three RNS details; his enthusiasm is very evident.

There was some speculation of being able to do a horizontal from Angus's Brockham site last year; but it not far from Horse Hill.

One branch of gov. failing to support another ( Environment, Food and Rural Affairs versus OGA / Department for Business, Energy & Industrial Strategy ); a shed load of money thrown down the drain for over 10 years and ultimately a failure to renew the land lease! Maybe blame Michael Gove MP?

There has been speculation in the past regarding the possibility of sidetracking from the Brockham site to PEDL143 since the distances involved would not be outside the technology.

Maybe MOD hope listing on LSE will allow a more 'rational' valuation of the company?

Got to be one of the most hilarious I've seen so far: one branch of gov. failing to support another ( Environment, Food and Rural Affairs versus OGA ); a shed load of money thrown down the drain for over 10 years and ultimately a failure to renew the land lease!

AKA buying high selling low - AKA idiots!

get some before Monday news drops.
GLA

..or even causes the price to go into the red! This SP is absolutely barmy - pity I'm not in a position to take advantage at the moment.

http://www.proactiveinvestors.co.uk/companies/stocktube/10257/sell-off-in-echo-energy-plc-shares-is-overdone-malcolm-graham-wood-10257.html

Be lucky to hold 10p initially but will probably settle out at 11/12p by COB - that's my guess!

Echo Energy ( remember Fiona MacAulay? ) seem to be getting along just fine with the Argies with their partner Compañía General de Combustibles S.A. ("CGC"). It looks like the Argies have more than enough onshore oil & gas to go for without the expense of offshore development.

Clearly the shareholders with the most to gain from the success of WLFE or its failure are:

RCF & Affiliates - 55.96 %
TTI (NZ) Limited - 23.96 %
Traxys Projects LP - 5.09 %

I think have good reason to support the management to get the problems fixed; and don't think small shareholders wanting a little profit should be a reason for pity.

I think we can be sure that RCF and the other significant stakeholders are confident enough to support the company to 28th October as stated in the recent funding announcements.

Richard Lucas said:

"As we drive further operating improvements towards self-sustaining cash flows and convert value-adding opportunities, such as ore pre-processing, these financing arrangements provide additional flexibility to prepare for our future as a significant contributor in the tungsten market.

The support we receive from each of our key project stakeholders is fundamental to the long-term success of Wolf and we recognise their shared vision of a secure, long term source of tungsten in the UK."

Quoting export figures for the US is a bit pointless without those for Europe. I recommend investors await the results of the long term financing review which is sure to turn up before 28th October.

GLA

I would Say Cornishknocker has little understanding of the realities of current US politics; perhaps paying too much attention to the views of mainstream pundits, who have a virtually unbroken record of being wrong about Trump. Still, there are more local issues that are germane to the prospects of SML - in my opinion Trump is best left to the Americans!

Please mate don't start that kind of talk - no one wants that kind of posting to start again!

Full results could be in 2-6 weeks from now then - so not long to wait at all!

According to the RNS of 30th July:

"Once established, the Priority Bridge Loan does not include any conversion terms and any future convertibility would need to be agreed between the Company and RCF VI".

They are currently doing a future funding review to determine the way forward post the October date so expect an update before that date.

Stretcham
It was at 15p but since then the number of shares has increased by about 200m or so and the debt level has ballooned somwwhat ;-). However, progress is being made with plant improvements and as they are now processing just the hard ore recoveries ought to be improving.