Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Companies are valued at 6x for argument sake ill value it half that.
we have secured Aud$7.5 million from Greenvale alone convert to pounds £4 million for seismics and a drill. Value £12 million in mcap
Our US company we have Stanley, Greater Stanley (34-39%), Cinnibar with reserve reporr of 1.59 million barrrels(75%), plus Arkoma 29% , winters and livingston. Min £2 -5 million
Value at £6 million mcap
GE energy rto.. Value at 12 million our 25% stake worth £3 million mcap
So £12mcap (helium) + £6mcap (US oil and gas) + £3 million mcap (Helium) = £21 million mcap = 0.16-0.17
Yes they will only excute when we are comfortably pass 0.03- 0.04 and all up to the warrant holders. Key is Andy seema to be happy with the cash position.. All doubters on here that were spouting crap on the approval rns day.. Good to see finally market at ease.. Payments coming from greenvale and oil and gas reveneues. Come on msmn still at £2 million mcap
We have 25% free carry for ep145 and Aus$7.5 million .. 2 million for seismics and 5.5 million for drill.
Ep155 we own 75% and free carry to 90% with georgina energy. We have aud$0.82 end of april plus revenue from feb march oil sales plus $160k from greenvale plus reimbursements.
#MSMN
EP155
75% owned, operating JV pays all costs and is in the process of getting ipo funding. Option to take it to 90%.
Resource volumes to the Company of Helium are 111 BCFG, Hydrogen 102 BCFG and natural gas 0.91 TCFG with respective in-situ values of US $38.51 billion, US $0.62 billion and US $2.72 billion.
EP145
100% owned, JV talks next month.
Prospective Resources (Bcf) low, best and high estimates.
Total Gas of
12 low 440 best 2, 290 high
Helium
0.3 low 26.4 best 229 high
Hydrogen
0.24 low 26.4 best 275 high
USA
Small operation 160 bopd net to MSMN close to if not profitable, used to fund acquisitions and prove up.
1.5m boe reserves up 78% from one drill
2m mcap 🤯
Mcap approx
0.02 = 2.5 million
0.04 = 5.0 million
0.06 = 7.5 million
0.08 = 10 million
0.16 = 20 million
0.32 = 40 million
0.64 = 80 million
1.28p = 160 million (my target)
For the rough calculations of 3.2 billion for our stake.
no reason why we cannot be £320 mcap if greatland goal can reach those heights.. redesetter is 3 x larger acreage than greatland golds acreage .. key is rp needs to stick his finger out the ****. now since august he has raised £1.42 millon plus £300k for mosquito creek gold and lithium drilling as weather cools down in aus.. plus £25k plus aud$220k grant in may for cottlesoe drilling .. .. is there enough for diamond drilling at cottlesoe ??
Well last time it went up to approx 3 and the 4p we had a placing and without news there is no reason for the rise. Motherload will only come once they announce a drill for redsetter.
Please note JV RTO is referring to ep155 a jv with georgina energy and the reverse takeover of MMM. The deal with msmn is.Georgina will also undertake the initial technical work program which includes acquisition of seismic data to earn a 75% working interest and operatorship of the permit. On drilling an exploration well Georgina has the option to earn a further 15% working interest by electing to carry Mosman through the cost of the well.
Today 14:47
RNS Number : 7737I
Mining, Minerals & Metals PLC
28 March 2024
Mining, Minerals & Metals Plc / Index: LSE: MMM
Mining, Minerals & Metals plc ("MMM" or the "Company")
General Update & Appointment of Oak Securities as Joint Broker
The Company is pleased to announce an update following the announcement on 1 December 2023 regarding the prospectus having been lodged with the FCA for the proposed transaction with Georgina Energy plc ("Proposed Transaction"), a company that holds natural gas, helium, and hydrogen assets in Australia.
The Company has been busy with its advisory team in recent months and has now largely concluded the due diligence and prospectus, therefore, will shortly be undertaking to raise capital in April for the Proposed Transaction. The Company is now aiming to conclude the Proposed Transaction in early Q2 2024.
The Proposed Transaction is conditional on i) entering into definitive legal agreements ii) raising capital; iii) approval by shareholders at a General Meeting to be convened; iv) obtaining all necessary approvals (if required) and; v) 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.
Appointment of Joint Broker
The Company has appointed Oak Securities (a trading name of Merlin Partners LLP) as joint broker to work alongside its existing broker Tavira for the forthcoming capital raise.
Roy Pitchford Commented:
"We've now reached an advanced phase on the transaction and will be looking to conclude the capital raise next month and then ultimately close the transaction and seek readmission to trading. We welcome Oak Securities to the team and look forward to their support on the forthcoming capital raise."
Roy Pitchford
Non-Executive Chairman, Mining, Minerals & Metals plc
Last time it suddenly wemt up we had placing. Are they creating the market again for this ?
Good volume all benefitting short term holders we should have been 0.03 levels today but instead hands are being exchanged at low levels. AC has ruined the sp as always.. Have told him to cancel the placing as it is not clear why he raised despite saying no more raises. Else i will be reporting him to thr aim regulator.
Https://twitter.com/Share_Talk/status/1752419828118294608 0.06 200% increase by March according to Zak Mir . dont go by his charts but 0.066 is only £6.48 million mcap which does not cover the value of one of the JV deals. It does not even cover the whole US oil and gas business. Good consolidation day today. 0.132 which is £12.96 mcap we were trading at that level when Georgina Energy were rumoured to list and went to 0.19 level albeit a couple of billion less shares. Greenvale is much bigger fish we are sleeping with. Nortthern Territory government approval could come any day week.