We are diffinately looking at a sharp rise soon even without news, its just cooking away under the lid waiting to boil over.
Trinity Exploration & Production plc
("Trinity" or "the Group" or "the Company")
Q3 2020 Operational Update
Strong production & cash generation and focus on creating a differentiated company of scale
Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, today provides an update on its operations for the three-month period ended 30 September 2020 ("Q3 2020" or "the period").
Production levels remained robust during Q3 2020 with volumes averaging 3,135 bopd, yielding a year to date ("YTD") 2020 average of 3,232 bopd. This represents a 9.8% increase over the corresponding period last year. The October month to date average is 3,225 bopd.
Cash generation also remained strong during the period, with the Group's unaudited cash balances increasing to US$22.2 million as at 30 September 2020 (US$19.7 million (unaudited) as at 30 June 2020).
Trinity's robust operating model and financial resilience are affording the Company the flexibility to examine a range of strategic growth options to increase the scale of the business, both from within the current portfolio and from new opportunities. The recent submission of Expressions of Interest ("EOI's") on two new opportunities, in partnership with a large international operator, are examples of such opportunities. As a short-listed party, the next step for the first opportunity, the Jubilee Field, is expected to be access to the data room as part of the next stage bid process.
The Board believes that the Group's robust business model, financial resilience, expanding opportunity set and focus on automation and transition technologies, will enable the Company to develop into a differentiated company of scale.
IQ-AI, Ltd is pleased to announce the launch of IB Stroke, marking the completion of a key new product introduction that further increases IQ-AI's footprint in neuro imaging. IB Stroke is immediately available as a set of workflows processed by the highly flexible and customizable IB Rad Tech platform. It provides users with the flexibility to process both MR and CT perfusion image sets, thus allowing use in any imaging environment. The IB Stroke output may be used by clinicians to help determine the usefulness of treating the patient with clot-busting drugs - drugs which can potentially save oxygen-starved brain tissue but bring with them a host of potential side-effects.
In the USA alone, approximately 800,000 people experience a stroke each year and stroke remains a leading cause of disability. Current annual stroke related costs are $46 billion and are projected to increase to $94 billion by 2035. By capitalizing on existing software capabilities and regulatory clearances of the IB Clinic® software suite, IB Stroke is available in both Europe (CE Marked) and the US (FDA-cleared) markets. IQ-AI intends to serve this sizable market through annual subscriptions to IB Stroke.
"The development team at IB met a very aggressive timeline and delivered on providing an extremely efficient and foundational software solution for stroke assessment," said Trevor Brown, IQ-AI's CEO. "With the on-schedule completion of IB Stroke, resources will now shift to the development of IB Trax™ which will also leverage core IB algorithms including Delta T1 maps".
IB recently submitted an application to the US Patent and Trademark Office for their Delta T1 mapping process. Delta T1 maps are a foundational in the assessment of brain images that use a contrast agent.
Someone posted this on Vast, about the effects of a jorc on the share price, https://www.google.com/url?sa=t&source=web&rct=j&url=https://opus.lib.uts.edu.au/bitstream/10453/23534/4/The%2520market%2520response%2520to%2520exploration%252C%2520resource%2520and%2520reserve%2520announcements%2520by%2520mining%2520companies.doc&ved=2ahUKEwj0-tT04rPsAhXXiFwKHZUxDUYQFjAAegQIBRAB&usg=AOvVaw2fGb0lTsvwU-XIyo4sGsBX
Hopefully the bitcoin price will still above 11k for Monday, this will drive the ARB `s share price in the right direction. With the world just starting to recover from c19, this will give confidence to people willing to invest in bitcoin and hold long term driving the price up.
8 October 2020
Rainbow Rare Earths Limited
("Rainbow" or the "Company")
(LSE: RBW)
Updated JORC Exploration Target
Rainbow Rare Earths Ltd is pleased to provide an updated JORC compliant Exploration Target for the Company's Gakara Project in Burundi ("Gakara") ("Exploration Target").
The Exploration Target defines clear strategy for modular development at Gakara targeting 10,000 - 20,000 tonnes per annum of rare earth concentrate production.
· Initial Exploration Target covers nine high grade vein hosted areas of rare earth mineralisation containing 262,000 to 375,000 tonnes at a diluted grade of 7.0% to 12.0% total rare earth oxides ("TREO"), representing one of the world's highest rare earth grades
· Simple, low cost exploration programme defined, with a budget of US$3.2 million, with the intent of upgrading the vein hosted areas to JORC compliant resources
· If upgrade is successful, the resources are expected to be sufficient for development of a commercial scale mine at Gakara, initially targeting 5,000 tonnes per annum of rare earth concentrate production at an expected grade of 54% TREO
· Technical study on the feasibility of a commercial scale operation will focus on a modular approach to development, capable of expansion to 10,000 - 20,000 tonnes per annum of rare earth concentrate
· The Exploration Target is defined from only 10 of the 32 mineralised areas that have been identified by Rainbow to date - many other mineralised areas identified for future exploration can further expand the resource base
· Further upside defined through breccia hosted mineralisation, with the Exploration Target containing 252,000 to 342,000 tonnes at 1.0% to 1.5% TREO, which could be developed as a parallel, lower grade processing stream
· TECT Geological Consulting confirmed the presence of three large carbonatite bodies, which represent the regional source of rare earth elements, underpinning the scale of the potential at Gakara
The JORC has landed, get ready for the strong buys.
Bloody hell, there`s no Friday sell off here. Hopefully we will it 30+
Partners Confirm Project Unaffected, i expect a 10 to 20% rise today great news.