Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Is it just a coincidence that our production deal is with INPEX (Japan) of which JAPEX (our new JV partner) own over 4% of the shares? (JAPAN JAPAN JAPAN)
Anyway, according to LBE management they were already in advanced discussions on this production acquisition before the JAPEX JV opportunity existed - hence the agreed $4m goodwill payment from JAPEX.
One thing is for sure, had the JAPEX JV "rescue"deal not happened there would be a placing to finalise this production deal and at a share price of less than 7pence and as such super dilutive and thats if they managed to finance the placing.
Management and shareholders should be very happy where we are now and expect more deals to occur and hopefully another exploration discovery (Velocette) this year!
More accretive deals like this please!
Happy days!
Yeh KC Said 4-6 weeks for full results on LCT - that was two weeks ago - so another 2 -4 weeks expected....but because KC said the timeframe add another 6 weeks - E=MCsquared.
He also said 4 weeks ago - 2 weeks for The EU Critical Raw Materials (CRM) Act to be agreed when anyone that has done some simple research knows it will be ambitious to expect anything before the end of 2023 - more likely mid 2024!
Still holding based on very strong company fundamentals and geopolitical advantages!
Funny to see even two muppets recommend @valueseekers posts - in and outers!
I guess based on your ill informed replies - you don’t like being educated!
@valueseeker…maybe you should read the financial statements published on the company’s web site y/e 31st December 2022.
Longboat Energy PLC have an interco loan with its Norwegian subsidiary- just under 3m uk sterling…this will be paid back to LBE PLC from the JV.
The EFF is nothing to do with that.
LBE PLC pretty much have all the OPEX including staff costs etc - these not insignificant costs are not being transferred to the Norwegian JV subsidiary and will need to be funded.
The Japex money other than repayment of the inter company loan will not be contributed to LBE PLC
Hope that makes sense!
Clarity on cash flow requirements needed - interim financial results due out in September which will help - even with inter company loan repaid to plc from JV - I expect cash will be needed in the form of equity and debt.
Directors been in a closed period for some time - got the strong impression they are frustrated not to be able to buy more shares at these heavily discounted prices.
Exciting times ahead - fingers crossed for a successful velocette discovery!
HH has a million quid invested - hardly playing money.! But agree, now time to deliver.
After the lastest TR1 RNS approx 47% of the shares here are under the 3% holding and still a very illiquid market - I imagine it quite difficult to mass a lot of shares at this stage!
@Stan "No need for any one to get Rampy - Drilling is the key to success "
I believe the ball game here has now dramatically changed - we now have access to a us$100m war chest with the Japex JV deal - so some smart production acquisitions will help transform LBE into a mid tier E&P company in the highly lucrative Norwegian market!
Tax rebates are not ours - as soon as they inflow , they outflow in repayment back to our EFF (Exploration Finance Facilty) provider!
Anyone here care to predict what the share price(market cap) will be at the end of 2023 post the successful Japex deal , post the announced small production deal and with a successful Velocette exploration discovery ?
I’m happy to start with a conservative 80pence (market cap of £45.3m)
Russian money coming in to Norway 😉🚀