Member Info for Catbert

Https://www.linkedin.com/in/martin-rosser-a8273617/

Good luck Tim!

RachT2 I am only guessing that there are hydrocarbons on Disko based on the blow out comments the hot springs (which indicates a thinning crust) similar to the other Helium project on the West Coast.

I don't know for sure we have hydrocarbons but if we do it will probably be at Disko for the above reasons. Furthermore we have a lot of pre-existing data. One thing you do get with hot springs is gas- so you dont necassarily need to drill. Sometimes it just comes out through the spring. Hold a detector in the right place and you could find hydrocarbons. Just don't light a cigar to celebrate.

How much there is and where it's coming from is another question.

Will it stop us getting the Nickel? I haven't the foggiest idea. It might not even be there in any quantity.

I have no in depth technical knowledge of this subject.

We seem to have 7 large targets and it is possible to drill directionally- my guess is that we should be able to solve a problem caused by the presence of hyrocarbons in the vicinty of a Nickel find (assuming there is one a Nickel find and two hydrocarbons).

Anyway now we've found some copper.

Oooh look! There's a squirrel!

GLA/ DYOR

In mineral exploration, integrating EM survey results with other geophysical methods, such as magnetic surveys, gravity surveys, and seismic surveys, along with geological and geochemical analyses, can enhance the understanding of subsurface mineralization and aid in identifying specific mineral types.

This multi-disciplinary approach allows for more comprehensive and accurate targeting of potential mineral deposits.

EM is very useful too for hydrocarbon deposits and the detection thereof.

My guess is that there is a high liklihood of hydrocarbons beneath Disko which makes an EM survey a must. Some will inevitably see it as Kobold running down the clock. But what if they drill pollute or drill and blow up some staff. I'm not sure Greenland will be in a rush to licence them for Nickel extraction let alone Helium mining. I'm not sure some Kobolds high profile shareholders would like that too much either.

These hydrocarbons are both an opportunity but also a environmental and safety risk. Drilling into them without careful consideration might be foolhardy.

We have a lot of data on this site but we dont have the EM and Kobold love data. My guess is that we actually need this before drilling. It will help us drill safely and it is congruent with the methodology of the Kobold businesses philosophy.

We all want drilling but it needs to be done safely and without causing damange to the environment or killing someone.

To quote the Stones "You can't alway get what you want, but sometimes, you just might find, you get what you need".

Oh yeah!

GLA DYOR

I'm wierdly bullish on the Helium story and no I haven't been at the catnip. No yet anyway.

Here's why;

1. We have a fukton of data on Disko (yes that's where the helium is likely to be - hot springs thinning crust same as the other folks project on the Western side of Greenland (which has licences for Helium and geothermal spings)).

2. Helium is soooo light it should show up in the data.Magnetics Gravity etc.

3. The most recent appointment was a geo with a lot of data analytical skills.

4. We have both heat (geothermal sources) and cold - it's greenland perfect for producing liquid helium.

5. Assuming we get Kobold to drill we should know where the helium is.

6. Helium is typically extracted from natural gas which is a green transitionary energy source we aren't after oil we're after Helium and natural gas. Both of which have excellent green credentials.

7. The board have just given themselves a shed load of shares which vest at 1p- clearly they know something as their next RNS was the Helium one.

8. There have been some big late posted sales going through since then.

9. The board has got a lot wrong however even a broken clock is right twice a day.

10. Letting the share price drop was possibly part of the BODs plan (they get their options vesting at a nice low price).

I wouldn't bet the farm on this given the track record - it would be a horribly big risk but I'm a bull here for the above reasons.

GLA DYOR

The Market Maker has cut the spread to shake it and some have traded a few perhaps anticipating a wait for the lab data on the recent scrapings at Mbe.

Big picture stuff is still good a bigger plot at Mbe and positive anticipated news flow.

Have Lanstead traded a few? I have no idea but if they have they have it makes no odds to me.

No need to fill the old romper suit with the brown stuff.

This is still worth a heck of a lot more than 11m odd.

Breathe in breathe out.

I agree GodofHellfire. I'm antcipating some spectacular hits with the drill at Mbe.

We can actually trace the bonanza grade vein at Mbe so we know where to drill. Once we hit there this little company will be world news- and we will hit there. The gold is at surface.

This is as close as one can get to an open goal in exploration.

Bibemi a resource of 375,000 oz was derived from a drill campaign of 6000m from some 45 or so holes all bar two hit gold.

We have 7000m of drilling schedued and paid for so here's the dodgy Cat maths (fat paws apparently (and no opposible thumbs)).

At the current run rate by the end of another 7000m we should be at a resource of 812,000 oz which is more than Chesser's resource when they sold it. Just at Bibemi.

I actually think it could be more than that as we have quite good controls over where the gold is and a strong understanding of the geometry which if it continues throughout the site would give us easy wins on the infill.

GLA/ DYOR and don't trust me on the maths.

Some posters here seem to believe that the second bank is going to use the due dilligence conducted by the first bank.

Highly unlikely.

Firstly, the second bank won't have triggered their due dilligence process until the first bank was in place in the funding syndicate becasue without the first bank there would have been no syndicate.

Secondly, due diligence is a detailed process of verifying the significant facts to a level of certainty that one can absolutely rely on.

Thirdly, the notion of using another institution's due diligence is for the birds. An organisation mught replicate some of what other lenders have done but it will have it's own risk management process and credit approvals committee. It will need information which it has validated for itself. Their credit committe might have different questions that it wishes to answer to the first Bank prior to making a decision. Therefore the due diligence of the second bank wont necassirly be a duplicate of the the first bank's.

Finally. If the second bank had withdrawn or refused credit then this would be a notifiable event.

Slow/ imminent/ bloody irritating. It is what it is. I believe we are still headed in the right direction.

GLA / DYOR.

I cannot see the benefit to Lanstead in breaking the rules.

If the price goes up, the value of their holding increases. Presumably they don't have to pay all of their upside out under the terms of the deal or do they?

Secondly why would they risk being allowed to conduct business in the UK in these sorts of deals by risking a sanction or some sort of reputational damage?

Thirdly, surely Oriole's NOMADs could put out an RNS if Lanstead was flouting the rules. They might be obliged to do so.

Fourth, why wouldn't the BOD make a statement as surely they value the perception of their own PIs.

To my mind Lanstead may not have broken the rules.

Companies listed on the AIM (Alternative Investment Market) are expected to adhere to various rules and regulations set by the London Stock Exchange. In specific circumstances, companies listed on AIM may be permitted to delay releasing critical information. Here are some scenarios where such delays may be allowed:

Insider Information: If the critical information constitutes insider information, the company may be allowed to delay its release until the information is no longer considered inside information. This is to prevent unfair advantage to those with access to the information.

Market Sensitivity: Companies may be permitted to delay releasing critical information if the immediate disclosure could significantly impact the company's share price or the market. Delaying the release until a more appropriate time may be allowed to manage the potential impact.

Negotiations and Deals: If the critical information involves ongoing negotiations, deals, or discussions that are sensitive and disclosing them prematurely could harm the company's interests, a delay may be permitted until the negotiations are finalized.

Regulatory Approval: In cases where the critical information is contingent on securing regulatory approvals, companies may delay the release until such approvals are obtained to provide a complete and accurate update.

Legal Matters: Delays in releasing critical information may also be permitted in situations involving legal matters, pending litigations, or other legal complexities, where disclosing premature information could have legal implications.

Financial Reporting: Companies might be allowed to delay critical information related to financial reporting if more time is needed to ensure accuracy and validity of the financial data, especially during audits or when handling complex financial transactions.

Operational Challenges: Delays in releasing critical information may also be justified if there are operational challenges within the company that are impeding the timely dissemination of the information.

Preservation of Confidentiality: In cases where critical information needs to be protected for confidentiality reasons, delays in disclosure may be permitted until the confidentiality concerns are addressed.

No matter. Dundas is a case study in the sunken cost fallacy.

As a mining explorer the fallacy of maintaining the pretence of the value of this project was viewed in some quarters as existential given that the project's value was reflected in the market cap. Until it wasn't.

Disko is another swing of the bat. Connect here and all is forgiven.

My money is on Sheffield too. They have a decent resource and a fairly good Aussie business however they must be looking at projects such as Pitfield and thinking that if a viable economic processing route is concieved there then their own business model could be subject to a serious economic challenge within the midterm.

CMET has a very high grade deposit (off the scale compared to Sheffield's resource) with a reasonable expectation that the resource can be expanded. The processing route is simple and there is port infrastructure nearby.

Sheffield might be a very good partner. Plenty of expertise and lots of motivation to get this done. The strong card here is the resource quality. If it can be expanded even better.

Thanks for posting the grades and thicknesses at Bibemi Kutzz.

One point which is significant and as yet underappreciated is the geometry of the deposition at Bibemi.

Much of the higher grade intersections are horizontal or near horizontal.

The significance arises once we get to the stage of designing pit shells. This is to say we need to do relatively little moving of overburden to get into pay.

The value here is in the ease of extraction and low costs associated with ease of extraction.

The other benefit of a large amount of horizontal geometry is that infill drilling becomes like shooting rats in barrell.

The resource can build quickly and needs less drill meters to increase verses deposits which sit in the vertical plane.

Ultimately the better the geometry the better the project economics both from exploration and mining perspectives.

Add to this the fact that Bibemi is massively under explored.

I get the anxiety which accompanies recent moves however for me this is a long hold.

The market cap is now under £10m and we've got cash and income worth a good percentage of that plus 500koz of gold across two sites. Plus we have exploration ongoing across Bibemi and Mbe with Fare looking like it will follow. Wapouze is still unrealized and hardly anyone gives a tinkers cuss about the Elephant Oil money or the value of the NS agreement in Turkey.

I'm not clever enough to trade this anyway. Is this lot worth more than £10m? My guess is yes. Probably quite a lot more.

The slings and arrows of outrageous fortune is what the share price movements are. Hopefully we'll all get to trouser an outrageous fortune at the end of the process too.

GLA DYOR

No worries.

Blue hydrogen is produced through a process called steam methane reforming (SMR) or autothermal reforming (ATR), where natural gas is used as the feedstock. In this method, natural gas is combined with steam in a reformer, leading to a chemical reaction that produces hydrogen and carbon dioxide. The carbon dioxide emissions generated during this process are captured and stored, often underground, to prevent their release into the atmosphere. Blue hydrogen is considered a transitional solution on the path to decarbonization as it produces lower emissions compared to traditional gray hydrogen production methods that do not capture and store carbon emissions.

There is a fukton of gas in the middle east and elsewhere. Blue hydrogen is the transition play. In most cases where there is existing production there is also existing piped infrastructure. It is a current resource which already exists at scale and will presumably be the energy source which will be used to instigate the green steel era.

I realise the main focus here is on Bibemi and Mbe both of which have the prospects to turn us into a £100m market cap in their own rights.

My own view on Senala FWIW is that we got the best outcome we could have hoped for. I know that some holders here were hoping for £5-10m in cash. I was not. We had historic good grades and thicknesses there and the project is under explored. It is close to pre existing processing plant and we should now be able to reboot exploration on this tenement.

If the plot is worth what Chesser's plot was worth we'd be short changing ourselves if we were to sell out now. As it is we don't need cash short term and we're in the position to develop this potential asset. Check the historical grades and thicknesses. We had a a historic Jorc there in the low hundreds another find could easily expand this. The plot has been in a hiatus for some time initially IAMGOLD stalled as they were trying to save money and latterly Managem have been focussed on digesting their sizeable acquistion. The best outcome is that we continue to develop this asset. IMHO anyway.

Wapouze is the other asset which is a potential news item and possibly a cash generative one.

The share price has Bimbled around of late albeit on the back of a decent rise but even so we're a £12m market cap with so many assets and with such a good cash position that I'd say we must be looking at another rerate of two before the year is out. IMHO.

GLA DYOR

Cannot divluge= cannot make public unsubstatiated claims due to their possibly being libellous or defamatory i.e. baseless.

Given that an action which could materially impact holders here would need to be disclosed by the company one must assume that this claim is unsubstatiated or purely speculative.

Simandou progress should be a good omen for holders here. If anything a slurry pipeline is prefereable to the long rail line demanded of the Simandou project.

Simpler and less costly is good isn't it?

I'm surprised that news in Guinea hasn't spurred interest in Zanaga. With billions of dollars committed over the boarder by Rio and with a government in Guinea which has already issued ultimatums about withdrawing permissions if the rail line isn't built at break neck speed the regime in Brazzaville looks positively urbane in comparison.

The product grade is better too.

The main issue for holders here IMHO is boredom. Hopefully we'll have news sooner or later.

Wake me up when there's an RNS.

Zzzzzzzzzzzzzzzzzzzzzzzzzz.

Pictures of his dog and a windmill no interview.

I gues Mike must be trying to save money using this guy to do his PR.

Twitter is hardly a professional business platform. Maybe they will post it somewhere else.

Can't view it could someone post a link? Surely Mike should be doing stuff which investors can view easily?

I understand the grizzling about the delays however the due dilligence required by the second bank is an expensive and time consuming process. One which they would not wish to trigger unless they were sure that the main lender was onboard.

This will go as fast as it goes. Which aint fast. However as long as it goes forwards that is all that matters.

In a year or two nobody will care a jot about the previous delays. This isn't an easy project - it never was. However it is progressing.