Member Info for Bridgedogg1

Check out the number of buys that have gone through for £4,991 or there abouts - I count 10 since open. Someone gradually and quietly building IMO

Suay Chin International Pte Ltd
Suay Chin will be involved in all levels of the lithium market from supplying material to acid producers, supplying spodumene concentrate and lithium hydroxide to the Chinese lithium carbonate producers, to the final end-user chemical and battery manufacturers. The company gets strong support from Shandong Mingrui Chemical Co Ltd, which is a long-term material supplier to existing lithium carbonate producers in Shandong Province and has deep understanding about the Chinese lithium market.

Suay Chin has arranged the metallurgical testing of Kodal's spodumene rich pegmatite samples by existing lithium carbonate producers in China and is expected to continue to offer strong technical contribution to the development of the Project.

Hopefully next push on 0.207 will see us through and away

Aprent1ce - plenty of funidmentals supporting this, cash raising recently completed and strong news flow in the offing.

What is your target price and time horizon?

I'm looking for 1.5P + in within 6 months so doesnt matter to me if i get in at 0.18 / 0.22 / 0.4 i believe these will look cheap in a months time. Its important to top up on the dips but also if you move too slow you will miss out IMO

- Lithium concentrate price is increasing but about 5% a week at the moment
- Plenty of corporate activity around Lithium assets as large players look to control an essential and scarce resource.
- A LOT of investors large and small following this one

Good luck whatever you decide

Feeling very relaxed about this now. Gold and licence update due anytime. Wouldn’t be surprised if there was some indication of interest from outside parties too.

Nothing too exciting but there’s relentless buying. Moved through 0.2 nicely

x4 at around £5k, x1 at £19.5k

4 largish trades of similar number of shares. Same person building?

The large uncrossing trade on Friday was 1.95, hoping to build in that

As stated the feasibility study for valuation is flawed due to the size of the prospect that isnt included and well as the rocketing lithium price. We have the largest acreage of any other company in Mali with LOM in nearby developments with less acreage of 20 years. The LOM should extend out way beyond the 8.5 years with further work but the feasibility study is required for initial project financing. Its a monster!

So if there is no need to wait the stated 6 months plus for the 3d because a new operator will swoop in (I assume imminently) to pick up the project based on historic data why didn’t someone pick it up in 2018 when the oil price was over $70?
3d is required to get a better understanding of the prospect and for planning/financing to drill a well that will prove it up. That’s atleast a year away. I’m not disputing that it’s a good asset for a small explorer to have but Boil have been all over the world drilling different ‘transformational’ exploration wells and nothing has come of it. This is just another punt in a long line of failed projects. I understand that this doesn’t fit into many traders narrative of an imminent takeover but it’s the facts. This is a long term high risk investment not a short term get rich quick sure thing as many would have you believe.
Read all of the RNS and take care.

Excited for tomorrow. GLA

Hi, yes it may have seemed a bit throw away but still having seen wahst happened to the Porcupine Basin it seems Ireland are not very O&G friendly. Hence the difficulty in funding such a strong asset. LOGP desperatley need this to happen sooner rather than later and the latest 'we will do the funding' sounds somewhat familiar.

Guys, while you are waiting for 'the Australians' and'the Chinese' to start a multi billion dollar bidding war for Boil, the management are trying to decide whether or not it is even viable to drill an appraisal well.

FROM THE RNS
"We are delighted that the Earn In arrangements have now been completed with the issue of new shares in SundaGas TLS to Baron and that the Company has secured a materially increased interest in the Chuditch PSC project. Everything is in place to allow SundaGas Banda to undertake the PSC technical work programme activities, especially the critical 3D seismic reprocessing. These works will enable an up-to-date assessment of the true potential of the Chuditch discovery and of the viability of drilling an appraisal well and further exploration wells in a timely manner."

Can any one explain how LEK are not making a huge loss? They should easily be making aprofit. Havent even paid the committment on 310.17% of 700mbls of oil. Pay the damn money! Tiny compnay with a relatively large producing asset and losing £16m a year. Crazy. SOmething definately dodgey about this. Also made a loss of £12m in 2019 after obtaining a further $11.5m in financing despite achiveing an average of over $60/barrel. Oh right and General and administrative expenses were US$21.4 million.

I would say that Pheonix lost patience with the board who cant generate any free cash flow from a large asset base, so Pheonix have decided to asset strip the company to get back as much of their investment as possible. Good for shareholders? Maybe. OIn the short erm. But anyone waiting for a long term price recovery based on a strong business turnaround will be disapointed IMO

The fact is the people dealing with mining licenses now - the ministry of mines - will be the same people dealing with it in a years time. An incoming gov isn’t going to overturn this.

https://www.energyvoice.com/oilandgas/asia/254153/sunset-at-east-timors-greater-sunrise-lng-after-woodside-write-down/

Woodside Petroleum said the carrying value of the Greater Sunrise project off East Timor is expected to be zero following a US$170 million write down announced on 14 July 2020.

Blink, you should be ok if you are willing to wait for 12 months. The SP should get a boost of the interpretation of the 3d which is due at the end of the year or early next year. In the meantime the SP was pumped up to 1.1p (sorry you got in on a spike) and most traders have left. There is currently an attempt to give it another go so fingers crossed for you.

Hi informed posters

Just wanted to ask about the risks on the Turkey drill. I remember reading their was a 100% chance of success but also an interpreted geological chance of success which was lower - can’t remember what, maybe 70%? Does this relate to 100% chance of finding oil (because it’s already been drill) vs 70% (or whatever) chance of flowing commercially? Just trying to understand the risks on the drill, there doesn’t seem to be much technical data available. Thanks.