Member Info for Botham

Northern Territory needs to approve transfer from Mosman to Greenvale Energy to become operator of EP145 as part of the farm in.

After 9 years of waiting genuinely believe both approvals will happen in March.

Share price at record low, no bonds confirmed, no money. 7 days past Mou cut off and no means to pay. Need positive news urgently.

Transfer approval is expected any day. Environmental and Aboriginal land renewal approvals are expected early April to allow seismics to start. Then identifying sweet spot for Helium, Hydrogen and Natural Gas in August for drilling.

MSMN have two JV's EP145 expecting NT Greenvale Energy transfer approval any day and EP155 with is farmed out to Georgina Energy, who struggled to raise finance, but are now in the process of doing a main market listing (not AIM) RTO into the Cash Shell MMM (Mining and Mineral Metals) the race is on for which FCA approval or NT approval is first. Both will have a huge positive impact on Mosman. EP155 is 4 times bigger than EP155.

Q1 the latest RNS states double whammy for Mosman

Anyone got any thoughts on Mining, Minerals & Metals PLC or MSMN has HELIUM plays

01 December 2023

Mining, Minerals & Metals Plc/Index: LSE: MMM

Mining, Minerals & Metals plc

("MMM" or the "Company")

Lodgement of Prospectus

The Company is pleased to announce that it has lodged a Prospectus for the proposed transaction with Georgina Energy plc ("proposed Transaction") to the FCA for the purposes of granting of eligibility for the readmission of the enlarged company to the Official List by the FCA and the London Stock Exchange ("Readmission").

The Proposed Transaction is conditional on a number of conditions including; i) satisfactory due diligence ii) entering into definitive legal agreements iii) raising further funds for the Proposed Transaction; iv) approval by shareholders at a General Meeting to be convened; v) obtaining all necessary approvals (if required) and; vi) granting of eligibility for the readmission of the Company to the Official List by the FCA.

There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course once a firm timeline to Readmission.

Roy Pitchford Commented:

"We've been very busy working with the respective advisory teams to reach this crucial juncture and subject to the eligibility process we are targeting to list the enlarged company in Q1 2024. We will keep the shareholders appraised as we continue with the process"

Roy Pitchford

Great Helium play opportunity to spread the risk, Georgina Energy another Helium play is also about to RTO into MMM

Where is 400bopd coming from, they have no existing oil and have to drill first? It is with concern it has gone past 60 days.

Every MOU so far has come to nothing, we need positive news quickly

There is a shortage of Helium in the world, a shortage of Natural Gas in NT and a huge hydrogen demand in the future to power boilers. It is clear from the recent Rising Stars and Proactive interviews and payment of the stamp duty that Greenvale Energy are 100% behind this transfer and are intent on moving as early as April once environmental plans have been approved to start seismics.

The transfer is bureaucratic and slow, be interesting to see how long Horizon approvals also take. The NT government supported Mosman in a trade fair to China in October 19 to achieve a joint venture, they earn taxes from the natural gas that will flow from the already established Mereenie gas network. It is in NT interest to approve the transfer to an established Australian player.

MMM have stated they aim to RTO Georgina Energy by the end of March via RNS, nothing has been published to indicate this is not on track to happen before Easter.

Easter is only 26 working days away I have every confidence that both approvals will be in place and Greenvale Energy and Georgina Energy will be actively promoting EP145 and EP155 with a busy news flow period to follow during Q2.

With Helium, Hydrogen and Natural Gas CPR’s in the billions for both EP145 and EP155 and Mosman with a market cap of only £1.7, this will not stay at these levels.

And the control to push things forward is not reliant on Mosman a really important note to conclude.

Https://www.proactiveinvestors.co.uk/companies/news/1041234/mosman-oi-s-work-at-stanley-should-boost-overall-value-suggests-house-broker-1041234.html?viewSource=TwitterUK

Https://www.proactiveinvestors.com.au/companies/news/1041201/greenvale-energy-paves-way-for-high-value-green-energy-and-bitumen-1041201.html

Can we hope for the closing of acquisition next week?

At 0.03 gives a m/c of £3.8m. GE last in the public domain a market valuation of £12m, an equivalent for Mosman of 0.01. 450% from here. Currently the market does not believe either JV will happen. GE is two years late, and Greenvale has taken over 4 months. But NT approval is imminently going to happen and Greenvale are all over starting things imminently. Remember from Rising Stars presentation, environmental approval April, seismics start April - identify sweet spot for Helium, Hydrogen and Natural Gas drill. 1 approval will stop doubters, and drive the masses, 2 approvals and the dreamers and LTH suddenly have hope.

M/C £1.97 Versus £83.3 million. Where is the growth potential?

EP145 JV and EP155 RTo were announced within days of each other in October, both taken 4 months so far. Which will be first to approval?

Taking to long.

Whilst dilution is never great, funding was required and to have raised at a slight premium todays price with no warrants is attached in the current environment can be taken as a positive.

*************c/1209341670/534988 key dates after 11 minutes - environmental plan submitted expecting approval early april, 2 d seimics will start straight after approval. take 2 to 3 months, by aug 24, hope to identify the sweet spot to drill for helium, hydrogen and natural gas.

plus georgina energy will relist in worst cast scenario 4 weeks, egm two weeks later. rto before easter. just think of two jvs being promoted with weeks / days from now. great catalysts for mosman.

Https://t.co/lNp6u85J4G

Great listen from 9 minutes in https://www.youtube.com/watch?v=PVPcfJVTvvU&t=2s