Member Info for BlackHopper

Just had a read 50 pages into the PEPR..... now I have more of an idea... still unsure of the exact sequence of events and I guess you'd actually need to see it in play but I am confident they know what they are doing. that is one detailed report.

It is also evident that if you did not process and prepare the pads correctly or leach them in a thorough fashion then a whole lot of copper could be left behind. Not a simple process in terms of practical execution. Looking forward to more news....

I am glad it was of use. I appreciate news in you location can be harder to divine.

One thing. The new development was a shock to all including HD. but the main poster predicting a placing was doing so in respect of the company, as was, running short of cash. This recent placing and the accompanying price drop was to buy a whole new business line. Something HNR did not have before, and now does have. Yes, there are more shares in issue and yes my holding is worth less than it was before, but I think the revenue Zoetic can generate will rapidly reverse that, perhaps quite spectacularly AND the costings are based on a wholesale price, ie the lowest. We will hopefully be able to make plenty, if not all sales at a higher price per gram CBD than quoted.

You are right though, until we have figures we do not know.

Plenty to look forward to. Best of luck BH

.....dawdle here for another month but then again it might not.... we cannot know.

I was last year, amongst other things, targeting the upgrade to my trendily battered Skoda (collided with Welsh wall 2016 whilst ejecting U2 CD. Near death experience as entered speed wobble with HGV oncoming. Whoooaaa). I'm still riding the sturdy, but definitely not eye-catching, wagon and it looks like I will be flogging her over the symbolic 200,000 mile mark, which my faithful mechanics assure me she is more than capable of doing.

However, since I reside within the A406, London's North Circular and will in October 2021 be subject to a £12.50 Low Emission Charge just to leave London, as she is a diesel, I will have to let her finish her days with another. Well before then I do hope to be upgrading to a compliant modern diesel, or maybe even petrol, via the profits I hope to generate here.

And then there's the new kitchen... have a nice weekend and look out for those RNS's.....I think there will be several in May!

.....2020's bigger outdoor crop is when it will all start to get very interesting and you will not be able to but HNR at 8.65 p then!

It has been disappointing the lack of oil related news over the first 4 months of 2020. I was also expecting a deal in Kansas but the use of gas for agriculture has perhaps changes the Kansas play permanently. The N2H2 gas mix is more valuable than N2 and Robert price always has the long game in mind.

The idea than DTU is dead is I think mistaken but the language used in early 2018 was perhaps too positive. However, we do not know how close they may have got to a deal, and indeed whether they are close now.

They are still gathering patents on DTU which suggests to me they still see it as very valuable.

I may have drifted from from you original questions somewhat but I am having a Saturday morning muse. You started me off!! I have been accused of being a serial ramper by a few here, and it is true I like to look on the bright side, even when i am significantly down on my investment. I too want to make money, not lose it. I have more shares now than when I only held HNR in early 2018, but by a modicum of trading I also hold a good chunk of two other stocks I really like, one safer and one more opaque...

What I regularly ask myself is, imagining I was not invested in any of them, which would I go for RIGHT NOW, looking at 90 day and 180 day returns, from NOW.

HNR, from now, 90 days, 1st indoor crop done and processing/processed, 2nd indoor crop well on the way, outdoor crop, well on the way, 8 ED still producing and then all the unknowable... new ED wells, WD wells, Kansas deal, new water deals, even DTU CO2 (I leave Helios to 2020... they are not, repeat NOT maintaining the leases for a laugh). So 90 days... +50%...+100%.... will not be at 8.65p.

180 day 2nd crop done, 3rd indoor crop nearing harvest. Outdoor crop revenue in and Zoetic covered or nearly covered initial outlay. Further equipment purchases perhaps... If crops successful then SP over 20p and I may be way out but I think you might be looking a lot further north. What else could have come in in 180 days. well who the hel knows but some on here may NOT be moaning about RP taking a bonus. We shall see.

The company report and accounts are being prepared and shall be out soon so you can feast your eyes on that shortly. I hope this has been of interest. There ahs been some concern that too many operators will/are getting into the CBD business. Ths is a concern but i think the swift move to Zoetic AND the organic compliance should keep us above the scrum. The potential demand does look very high so I hope there is plent of scope in the market.... and we have the gas mix to sell to other growers in the ORGANIC space.

So you see, if I was buying now I WOULD buy HNR. I have had about another 100,000 at placing price ish and if other things happen right I am targeting another 200,000. i may not get them but we shall see. The SP could easi

Jbatch, I promised not to come on the forum today but......here I am with a nice cup of tea!

Do you understand the situation with Renegade O&G, our partners in East Denver? If not then say. But you surely know we have a 7.5% interest in 8 currently producing wells in ED. So the price of WTI does affect our income. Said income is supposed to be sufficient to cover the companies running costs this year. Much has been made of flow rates from these wells but we do not operate the pad they are on and it seems (and i hope) they are being managed conservatively to give the maximum return over time. So we have a nice revenue stream right now.

We do not know, at this time, about further wells in ED under the same 7.5% free carry agreement but we surely hope something will eventually happen. One of the problems for developer in ED is that, for enviromenntal reasons, COGCC are very keen for oil companies not to flare the gas an oil well produces. So said companies need to provide a costly pipeline solution to actually use the gas produced rather than wasting it. We have a pipeline in place at section 15-16 and it could be extended down to 31-34. This is key.

Cannabis. Let's not call itt hat. Let's say hemp. We just placed at 8.5p to buy an existing company that did grow cannabis for commercial purposed but now, as part of HNR, is to grow hemp for CBD oil production. You can read all about CBD on the web and you should read Hopeful Dave's posts on the processes at the formerly District 8 facility in De Beque, Colorado. I am not gong to try to summarise it all but under the new brand Zoetic, we are expecting first products to be available early May, made from Hemp plants that were purchased so that the company could clone and grow its new set of 10,000 indoor plants (already growing) and 50,000 outdoor plants (Pallisade Colorado) but there would be lots of plant left to make the first pre-rolled smokes and chews and what not to get out into the market. The real fun will start with the harvest of the first 10,000 indoor plants at approx mid year.

10 weeks to grow. 10,000 x 12g CBD plus flowers. Lowest cost of product $3 per gram wholesale....$360,000 but this without the hoped for 30% boost from the Kansas N2H2 mix ( you know about all that right!!? ) and the add on of the premium flowers on the plants.

So yes, more cash is coming on top of the monthly ED revenues. P/E ratio.... no idea but if you are not interested in projections then how the hell do you expect to pick ANY share and hope/reason/divine that it will go up in value after you have invested.

You SHOULD be VERY interested in projection Jbatch. What do you think all those lovely investment managers that I often yak to spend all day looking at??

As far as i am aware the company has no debt. The ED payments cover it's running costs and the Hemp/CBD cashflow should turn positive before the end of the year ( they have salaries, equipment, soil and utilities costs to cover ). 2020's

300t/month sounds good!! I make that approx $18 million a year so knock it down to $15 to be safe. Some nice production. I assume they have to stop for maintenance etc so that may be high.

I'm guessing the H2SO4 and scrap iron are not too dear. Just need to keep the process smooth. Very exciting and interesting to see how they do.

Redmoor sounds great. I particularly like how the local community seem very much onside with the whole development...... and you drive past the bloody thing on the way to your Cornish camping trip... or I do!

I may have to pause for a gawp.

Really hoping to add more in this phase. May not be able to but this spread of projects does feel good.

Stockdale, I can't but it sounds entirely reasonable. It sound like the process at LCCM, as with many mines, requires some finesse to get it right. The copper is there but basically you are trying to run a big chemical reaction in a steady. reliable fashion and maximise yield. As an ex chemist, I know this is not easy. Like cooking, you can burn it, under cook it, underseason it, drop it........or if you are skilled, your souffles come out fluffy time after time.....;-)

Let's hope they are good cooks.

Thanks for this too. Sounds really good. This is a Stand out entity for sure. When the news comes we will be in a whole new place SP wise.

Thanks Cornish, really interesting answer. I was aware they were using already processed ore initially but not of the reason why it would still contain plenty of copper. Glad to hear they have loosened their piles (ha) to allow the sulphuric to penetrate. Wouldn’t want to get sprayed with that sprinkler!

Love the sales agreement in place. Had assumed cement would be sold on for further refining but this deal is a peach.

When they move on to Ros East and PN, have they given any indication of production levels hoped for?

On phone waiting at a job hence crap typing.... 85% of approx $ 6000 per tonne so over $5000 per tonne? Have not looked up copper price....just from memory.

I believe the original resource estimate is to rise after Ros East drilling too.

I believe you are the Redmoor man. Can I ask about the upgrade to the Redmoor resource following late 2018 drill results.

I take from the information available that mine tunnels would naturally target the zones of highest concentration in the SVS. Am I correct in assuming quite a specific deep tunnel system and the ore brought to surface by lift?

Current estimates have this in top 5 GLOBAL Tin/Tungsten mines including a couple not yet live. This does boggle the mind and they are implying there is more down deeper and to the west. I am interested in your take on feasibility/ difficulty of mine design/implementation. Hard rock to drill through??

Of copper cement was in trial mode of Ken Cones.... does anyone feel that further production will be in progress now? To my shame I only last night dallied on the SML website and transported myself to arid Leigh Creek.

They mention underground water supply. Do we know about that? Since we are to be Aussie’s largest producer of copper cement by 2020, I take it that this form of concentrate is not the usual mode of deliver of copper mine production. Does it relate to the MOL facility infrastructure or the nature of the mineralisation? I am genuinely interested.

It seems that previous operating teams never managed to run the mine efficiently. Has SML different approach been outlined or is the implication that previous miners were lacking in skill and knowledge.

Thanks BH

Could be wanting to start again but hamstrung by regulatory matters pertaining to their business . Did we ever know what they did? I recall some talk about a proprietary process...

not true as ever JJ. The subjects being discussed have not been discussed in that detail before. Not by me for sure. I do not know the details of the growing program. neither do you. Dave has seen the outfit, albeit growing a different crop, with his own eyes. The most repetative thing here is your negativity and your mention of 6p is baseless and indeed mindless in light of the ED revenue flow AND the coming Zoetic income stream, LET ALONE any further positive developments we are as yet unaware of.

You, however, would not allow any possible positives to brighten the permanent sloid grey/black of your negative outlook. So, I think it would be fair to say it's 'the same old rubbish' from you.

Things are moving behind the scenes and we will find out a lot more in the month of May.

Amen to that!

Amen to that Dave!

Thanks HD, interesting to know more. Plants do behave in their own specific ways and clearly Trevor has his eagle eye on them to see if you do x then you get y. Fine tuning an experimentation will no doubt continue.

I wasn't expecting you to know the specifics on gas mix volume produced to provide for x plants over life cycle but thought I would ask. In respect of the 30% boost which we hope will be confirmed after first harvest, future gas clients will obviously be doing the math on profit boost from using our gas and that in turn will lead to a price point for the ORGANIC COMPLIANT mix. We'll have to wait for this revenue confirmation but it will of course be a boost to the Zoetic product sales themselves. All assuming other growers want a piece of the action....but i suspect they might.

Thank trillsg, we have bought D8 whom I believe were leasing the facility. We have not bought the building for the sums involved. That's my assumption.

Now, in other news... confirmation of further well in East Denver broke tonight leaving nervous shareho.......

Hi HD, thanks for that. Do you know if they apply gas to the plants through the whole of their lifespan or is it used mainly in the first stages of growth?

Also, have you any idea how long the PSA plant would take to fill the new transport... and.... how many truckloads might be sufficient to supply/enhance the first 10,000 plant crop?

I appreciate the second questions are a bit specific and perhaps open to other factors but i was just interested.

I was also interested to read about the building facility itself and the level of control available of light, temperature, humidity and the fact it is sealed. It does sound like a pretty state of the art building. Thanks Trillsg.. was it you..

Hi blacksheep....fingers crossed indeed, but very happy here 19 into 20 and beyond. BOD so heavily invested and progress steady and meaningful. LC very exciting and a clever deal by the looks. Redmoor I bow to the more knowledgable but it seems like a beauty and I hope it will bring jobs to the area along with everything else. A really exciting share to be frank!

Imagine if they were to make a big discovery at HC too....

Well indeed. Obviously they cannot actually directly influence the major client to recommence deliveries. But i was just musing. The rapid progress at LC is very exciting and the current SP in light of that is a real surprise to me. I guess we just have to wait.

day Cobre RNS anyone ....;-)

just after midday would be good

thanks for sharing OSG. I too have emailed in the recent past and can support your text of today. They are busy over there... and not just with Kansas/Hemp/CBD.... still time to accumulate at what is effectively the placing price .... but this opportunity will not last forever.

I was asked not to post content and I will not......for reasons of personal integrity.

AI, your post was removed because you made slanderous allegations about the integrity (there's that word again) of the HNR board and management on a public forum. It is not hard to see why your post was removed.

You can express your opinions on here but if you accuse the HNR board of malpractice or intent to swindle, then don't be surprised if your posts are removed.

JJ walks a fine line but is clever, manipulative and has stamina. The only 'integrity' he has is to his own selfish gain. Full stop.

AI, I suspect you are a genuine long term holder who is now thoroughly dejected, pissed off and angry. It is not hard to understand why. I get it.

But to accuse the HNR board of nefarious intent, malpractice or indeed fraud is a big and bold step. The plans they had did not occur as hoped and, perhaps, they were over optimistic or naive in some decisions. However, starting a company such as HNR is a big and difficult business.

What has effectively occurred in the last few weeks is that they have decided to use their resource in Kansas via new business they have just bought at an uncomfortably low SP for LTHs. This new arrow in the HNR quiver is a live one and can (will) do a lot of damage in less time than many suspect.