Member Info for daveri007

Why on gods earth would anyone buy shares here now with a leaked share dilution of up 20% and the market makers know it hence the revaluation

Spot on there - why do you think LSE banned Hydro for life!

The drills keep drilling

The diggers keep digging

Accountants computers keep spinning

You forgot ....And SD keeps diluting

Post of the day from the organiser of the stag LTH shareholder meetings!

@tiggerman finally sees the light and posts:

"You have to laugh. I am now losing all faith with SD and GGP . It is long past the time that full release of MRE etc should have happened for we majority retail owners. We are being done over."

Whats happening here? Sit on those hands folks.

2) Very generous breaks on exploration.

The changes to the Norwegian tax rebates also cover projects and development - not just exploration!

So fits perfectly!

Haha some are starting to smell the coffee.....hilarious

I think Velocette exploration will commence drilling before the deal is announced - not that it matters (just a formality) ....The production acquisition however will happen after the deal is completed - LBE already said this - they intend to use the Japex investment to fund the small production acquisition!

Well done SD - strategically using UK long term retail shareholders money to fund your empire building yet you have failed to deliver institutional funds to join the fold - one last chance to get ASX institutions to jump aboard! Lets see.

Https://www.seva.sk/wp-content/uploads/2023/05/The-potential-of-the-battery-sector-in-CEE-region_EN.pdf

A good read for those invested!

So according to KC we are due a market update on the simplified flow sheet for both lithium hydroxide and lithium carbonate specifically the locked cycle tests.

Http://www.finnewsnetwork.com.au/archives/finance_news_network405121.html

The 16m us$ goes into the JV - so only half the 16m us$ can be added...nonetheless all good imo!

Good post by Anon.y.mouse - but accordingly to his posting history he/she has disappeared!?!

And in fairness to KC our financial caretaker he gets my vote for very little dilution (other than smartly divesting 51% to CEZ (Czech Govt))

Anything worthy of an RNS (equivalent) from CEZ will be really important - like when they bought it - the next one will be probably the DFS and FID with permits etc etc

They are a blue chip that don’t report via stock market anything that is not significant - I doubt unfortunately that many CEZ shareholders (pension recipients) are even aware about lithium!

#keepquietKC

Not often you get a second chance when a company is forced to bet everything on red and it comes up black!

And especially when the second chance is arguably better than the first!

We all know where we are - CEZ followed Volkswagen and others - won’t/can’t be competitive building gigafactories and producing batteries in the EU compared to the US/North Canada……it’s up to the EU to deliver a green deal that competes with the US IRA in relation to our critical raw materials - it will have to happen but how fast is an unknown.

That’s why CEZ pulled out of the grant funding at this stage and want to focus on lithium mining at Cinovec because they know it’s a strategic project that has to progress to a mine if all other plans succeed.

All or nothing at this stage and we don’t need an RNS from KC to confirm what’s in the public space - he can no longer run his mouth of providing false timelines - it’s all being pushed by CEZ !

Given the history , I prefer it this way!

GLA

So back to basics for LBE PLC - to execute its original strategy of M&A to aggressively build a full cycle E&P business with the emphasis on the “P” Production!

I expect some dilution moving forward but on an accretive basis - some new equity but offset with more debt to fund our way forward and get this junior to a mid tier player and into profit.

This is not a traders stock in my opinion (as happened this last week - liquidity facilitated by Fidelity and our new TR1 buyer Bruce!)

So day to day share price is irrelevant but should it fall - I now have the confidence to buy more and average down!

Good luck all.

Finally LBE Japex with its 100m usd war chest will be able to compete with the private equity companies who for the last few years have been buying up O&G assets …Game on!

Japex get a fast entry into the attractive tax efficient Norway O&G market becoming one of only 30 licensed operators in these waters.

After many years, Japex along with Neptune Energy (operator) and BP will soon start to enjoy production of 50,000 boe (gross) per day at the seagull project in the UK central North Sea. (15% share to Japex)

They understand the region and especially the Norwegian tax incentives compared to the UK and the rest of the world - and especially now that Russia is out of the equation!

I expect the next three years and beyond will be both interesting and highly rewarding.

But they are not shy singing the praises of Red Chris!