Our next webinar is 27 February at 6 pm. To ask our speakers Sapan Ghai, CCO at Sovereign Metals, Will Holland, CEO at Europa Oil & Gas and Rick Guiney, CEO at MicroSalt a question please submit here.
Justathought, what’s with the 75% to the government?
Do you know that is incorrect or is it a honest mistake?
I can’t remember the exact figure off the top of my head but I do know it is closer to 13/16% - that is also on profits that we sell. If we don’t make money they don’t make money.
Happy to find the documents for you if that helps.
Sammy, we all know it will take more money and time from here. Some of us have been here for years already.
But with a JV I would expect most of the cost to be covered in the deal by the third party and as for sp, I believe we are still well undervalued.
Obviously we need more information to put a price of the sp but no reason that couldn’t achieve 7p - 10p in the short term if all goes well.
At 10p most of the people here will be gone and the new lot of investors will be in taking this further.
I do wonder if LB had to agree to not releasing any information until after the shares land tomorrow, just seems a little odd that she has only done the one 5 min interview which was basically what was in the rns anyway.
Could start to get some news coming through from next week if that is the case, either way agree they have already sold the part they wanted to, wouldn’t be surprised if they are keeping them - they will probably have seen more of the data then we have been told.
This bit below was in that rns as well, very interesting stuff, we have helium and hydrogen and a way to possibly power a future plant all in one well.
During the DST, it was noted that the downhole temperature gauges detected elevated temperatures (>80°C) associated with the release of hot Basement fluids, and subsequently, helium. These temperatures are indicative of a low enthalpy geothermal well. This geothermal energy has the potential to result in either a direct use project or a binary fluid electricity producing plant. Which in turn could be utilised in a number of ways which may include powering several functions in the development and production phase.
Does make you wonder if they tested tai in the same way if we would have got better results, as it says below when it releases from the liquid it increases in concentration. Our 1% there may turn out to be higher.
To have he at this % and hydrogen that are both green is amazing, think a lot of people have just seen the hydrogen as a bonus but it is a big deal on its own.
Great day today, well done everyone.
No point selling now the hard work is done, flowing to surface at 4.7% - couldn’t really ask for more. We have another drill pad ready not far from there as well.
Funding now will most likely come from a JV or as below off takers.
The Tanzania government only take a small % - bit rusty but I think it’s around 13%, other than that they don’t have anything to do with the price we sell it at.