Member Info for Caterham7

Yes - and I think that fate is Hanno selling full 60% of the power station and 100% of the coal resource.

Fitzt66 - Ive got the 1975 (West Han beat Fulham) and 1980 (West Ham beat Arsenal) FA Cup Final Programs autographed by Billy Bonds and Trevor Brooking and addressed to me personally. Worth as much to me as PAT SP at £5 (I wish!).

There was also a JORC resource on Simandou!

Lancaster - "It would be helpful to know the name of the consultants and whether the purpose of the drilling is associated with the quality of the coal or in connection with building work on the proposed construction site."

Interesting you thought the drilling may be related to construction, I just assumed (maybe incorrectly) the drilling was the Chinese doing independent verification of the coal resource. I seem to remember the Chinese did the same before heavily investing in the Simandou iron ore project in Guinea.

Hanno / Scott - Please can we have an update on drilling results and outcome. Thanks.

I hope the Chinese read this ......

https://www.proactiveinvestors.co.uk/companies/news/940136/iron-ore-price-to-jump-45-and-drive-rio-tinto-s-earnings-higher-suggests-credit-suisse-940136.html

I agree that funding is a big hurdle, but I’m also struggling with Getechs plans and aspirations. I’m a geologist (check my history) who has been using Getech software products for approximately 20 years. They are essentially a software company specialising in earth sciences. I don’t see natural synergies between Getechs very specialised skill set and a pipeline distribution business.

Very much appreciate you taking the time to capture your thoughts Chris. Three years ago I considered NCCL my riskiest share investment, but now I think it likely my lowest risk. Hanno takes a lot of flack from investors, but overall I think he is about to deliver us investors a bonanza! Cheers

Chris - I already have a very large holding NCCL, so am looking around for a different home for a spare £10k I have after GGP top slice. VAST has intrigued me for a while - can’t believe a producing miner is so cheap. Would you invest the money in VAST or build an even bigger stake in NCCL? Cheers.

I’m doing some DD before investing here. Given that the hydrogen economy is being touted as the next big thing, why are the owners of H2 Green prepared to sell the company for a paltry £1mln? Does H2 Green own any assets, or does it just have an idea? H2 Green don’t appear to have a website, so very hard to research them.

If AC sold directly to Veles, and not on the open market, then why do people think the transaction suppressed the market share price?

Maybe as part of the sale deal, AC has been offered top seat at the purchasing company, so conflict of interests would mean he has to sell his shares before the deal closes.

Looks like sensible industry standard portfolio rationalisation to me! GLR have evaluated the KCB data, high graded licences with most potential, kept those and sold rest to Sandfire for $3mln. Why keep paying licence fees on licences with lower potential? Exploration companies do this all the time, and I would have been disappointed if GLR did not demonstrate that they were high grading and optimally resourcing their projects.

Excellent posts today - appreciated.

Hanno appears to have gone quiet on the GE issue. I take this as positive, ie, no longer his problem because he intends to sell the entire project to the Chinese, and they are more than capable of supplying and building same as GE.

Thanks FB - I am not a subscriber to the website. Are you able to copy and paste the body of text. Appreciated.

Over the last few weeks, A few of the big investment houses and banks have come out with revised, more conservative gold forecasts.
https://insights.abnamro.nl/en/2021/01/precious-metals-watch-gold-has-peaked/

60-70% confidence to be exact (deemed possibility of success by potential litigation funding experts).

60-70% probabillity of increasing my investment by 1000%-2000%.

30-40% probability of loosing half.

I will happily take those odds over must of the rubbish out there in the AIM casino.

I agree 100% Adamsky. I topped up with 2 x £5k purchases yesterday. Prepared to sit on these for 12-18 months. RJ and PT are not stupid!

Maybe an opportunity for NCCL to buy Vales mining equipment on the cheap!

Interesting. Reinforces what I have said before - shutters coming down on coal projects due to climate fears. NCCL’s Tete project may be one of the last. I think this will put even more urgent pressure on NCCL to sell entire 40% stake. Please let us know what Hanno says - but I figure he will say no direct read across.

If he is only 77 years young, then succession planning is a few years away yet!

To tell the truth, GLR is the only CB company I follow. I have taken numerous looks at XTR and BZT over the years, but GLR has always been the standout for me me, because of the diversity and under radar deep value of the assets. Also, before GLR moved into the KCB, all of the assets were proven, ie, no exploration risk. This really appealed to me because I work in the Exploration sector, and I know how rare it is for exploration projects to become money making assets.

I now own just under 1.5% of GLR, and happy to hold. Lots of news coming over next 12-24 months. One thing I would like to see, is Colin introducing some of his technical guys into the interviews. Colin is a smart deal maker, but always talks about smart deals. Would be good to hear from Geos actually working on the projects, what is their technical opinion.