Member Info for EarEyeAm

Lansdowne Resources will be a publicly listed company so any shares issued would also be publicly issued, that's how I see it anyway.

Having the shares publicly listed would in theory make them tradable, i.e you can sell them, but first there needs to be a broker willing to deal with them, which might not happen.

I think raising a load of cash last week says AC's thoughts on settlement are just hope, if it were any more tangible than hope, he would have skipped raising cash to see if settlement happened in the next month or two, if no settlement offer appeared in 1-2 months, whether acceptable or not, he could raised funds if needed then. Clearly he didn't believe enough in the possibility of settlement to wait a month or two, so yes, it's nothing more than hope that Tunisia comes to it's senses, which it has so far not done in 3 years and wanted the claims thrown out by the court.

"Bahia state, Brazil, is emerging as a significant global graphite hub, with projects like South Star Battery Metals' Santa Cruz project in southern Bahia starting production in 2024, aiming for 12,000–50,000t/yr. The region contains all five types of graphite—small to jumbo flake and vein graphite—with major deposits located near Itabela, north-central, and other areas."

Key Graphite Activities in Bahia:

South Star Battery Metals (Santa Cruz Project): Located near Itabela, this project is designed for open-pit mining of high-quality flake graphite.

Bahia Graphite Corp: Controls a vast, 121,663-hectare land package in north-central Bahia, holding all 5 types of graphite.

Lajedo Asset: One of the few places in the world (with Sri Lanka and Namibia) containing high-value vein graphite, with Mineral Resource Estimates (MRE) of 7.96 million tons at 5.86% grade.

Capim Grosso Graphite: Gratomic Inc. has conducted extensive trenching, confirming a 4 km mineralized strike length.

Key Features:Quality:

Bahia graphite is considered suitable for high-tech applications, including nuclear energy and electric vehicle (EV) batteries.

Potential: The state is positioned to become a key supplier to North American and European EV battery markets, providing alternatives to Chinese supply chains.

Geology: Many deposits are situated in the Araçuaí Orogen belt, characterized by metamorphic rock with high carbon graphite (Cg) content.

Also from today's RNS:

"The Company's strategy is to build value through exploration, evaluation, and, where appropriate, development of mineral assets. Lansdowne Resources aims to advance the Sao Gabriel Mining project through geological assessment, drilling, and resource definition, alongside evaluating additional complementary acquisitions and strategic opportunities within the natural resources sector. The business model emphasizes disciplined capital allocation and value creation for shareholders."

RNS OUT! EXPECTED ADMISSION DATE: 27 May 2026

Further to my points below, I forgot to add that buying the Retail Offer also enables the holder off that stock to get a cut of the 20% from the ICSID claim, minus legal costs etc, which could easily end up as more than the £2.5m market cap at relisting.

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I'll loading up with retail offer shares. Why?

1) Because the Graphite project looks good, it has multi bagger potential, 10x only makes it a £25m company, it could go a lot further than that with the right results

2) Graphite is on the Critical Minerals lists, it's highly attractive to investors in the sector

3) The market cap will be peanuts on listing for a company that's got as much cash as it will have on relisting, £2.5m is still 'cash shell' money, it could easily double or even treble at market open.

Cephalo,

"The Arbitral Tribunal has ordered ETAP to pay a principal amount of US$6,139,539, reflecting a revision in the price of Brent crude oil used as a basis of calculation, approximately US$2,700,000 late payment interest levied up to the day of the ICC-1 Arbitration decision"

$2,700,000 is 43.98% added in interest.

"The arbitration was launched in November 2023"

The award was made on December 19, 2024.

You can see straight away that the claim only ran for 1 year and 1 month, yet accrued 43.98% in interest.

It makes no odds if it's late payment interest or any other kind of interest, the rate is the same, because it's money that the company is owed by the state in one form or another.

$100m seems way too low to me. $24m of that is recovery of investment, leaving only $76m as lost revenues from production and loss of assets worth many multiples of that.

The Group's historic investment in the Barryroe project amounts to c. US$24 million of aggregate investment.

Barryroe Partners made significant investments in the project, including conducting an extensive 3D seismic survey and drilling the 48/24-10z well, which flowed oil and gas at a combined rate of c. 4,000 boepd.

A competent person report produced by Netherland Sewell and Associates Incorporated in 2013 concluded that the Basal Wealden oil reservoir contained 2C gross in-place on-block volume of 761 million barrels of oil. Based upon a 35 per cent. Recovery Factor this has the potential to yield (on a gross basis) 266 million barrels of recoverable oil and 187 billion cubic feet of gas. A similar competent person's report was undertaken by RPS Group Limited in 2011 over the oil-bearing Middle Wealden sands and this reported 2C gross in-place on-block volume of 287 million barrels of oil, with technically recoverable resources of 45 million barrels of oil and 21 billion cubic feet of gas. The total combined audited gross on-block 2C recoverable resources in the Barryroe field therefore amount to 346 million barrels of oil equivalent, (69 mmboe net to the Group), comprising 311 million barrels of oil (62 mmboe net to the Group) and 207 billion cubic feet of gas (41 bcf net to the Group). 32 c201000pu020 Proof 2: 29.4.26_16:42 B/L Revision: 0 Operator PutA Later conceptual development planning work envisaged a phased development of the field. A competent person's report carried out by RPS Group Limited announced in February 2022, addressing simply the first phase of a Barryroe development and solely the Basal Wealden Oil reservoir, concluded that the P50 volumes were estimated at 81.2 million barrels of oil recoverable gross (16.24 million barrels net to Lansdowne) from a Best Estimate of 278 million barrels of oil in place. An economic evaluation, documented in the 2022 competent person's report, covering the Phase 1 development and in the 2C oil resources case, delivers an NPV10 per cent. for the Group's 20 per cent. share of $104 million under a Brent Oil Price assumption of US$68 per barrel in 2027, rising to $70/bbl in 2028 and 2029 and inflated at 2 per cent. per annum thereafter. The price of Brent Oil stands currently at c. $100/bbl, above the price modelled in 2022. As stated, the 2022 Competent Person's Report has only addressed the oil in the Basal Wealden A Sand, which allows it to be correlated to the earlier work carried out by Netherland Sewell and Associates Incorporated. Gas was proven in the Basal Wealden C Sand reservoir in the 48/24-10z well that overlays the oil reservoir and this has previously been estimated to hold a potential gas resource of c 400 BCF GIIP.

Cephalo,

I suggest you work out the interest as compounded monthly, as this is what Zenith Energy received for its ICC claim. It got 14% compounded monthly and ended up with about 45% in interest for a 3 year case.

I'll loading up with retail offer shares. Why?

1) Because the Graphite project looks good, it has multi bagger potential, 10x only makes it a £25m company, it could go a lot further than that with the right results

2) Graphite is on the Critical Minerals lists, it's highly attractive to investors in the sector

3) The market cap will be peanuts on listing for a company that's got as much cash as it will have on relisting, £2.5m is still 'cash shell' money, it could easily double or even treble at market open.

Read this:

https://www.investopedia.com/terms/r/reversesplit.asp

Consolidation doesn't reduce the value of the stock.

I'd you hold 1,000,000 shares worth 0.1p and you get 1 for 5, you end up with 200,000 worth 0.5p each.

All consolidation does is reduce the number of shares in issue it does not reduce the value of the company.

"market capitalisation of approximately £2.5 million upon readmission and £1.9m of gross funds raised"

Based on the huge license area and Graphite being on the Critical Minerals lists, it wouldn't take much for this to go to £25m valuation, and then a lot more.

I'm already in Greenroc - GROC. They are a Greenland Graphite exploration small cap. Their market cap is £15.04m.

Some good exploration numbers and you could see a buy in from a big mining company.

I'll be keeping hold of my Lansdowne stock as £2.5m Market Cap is the bottom, it's just upside from there.

2,805.8 hectares is huge. That's 6,933 acres!

Graphite is officially classified as a critical mineral by major economies, including the U.S.A, the European Union, and Australia. It is considered critical due to its essential role in clean energy technologies—primarily as the anode material in lithium-ion batteries.

USGS/DOE Designation: Graphite is included in the U.S. Geological Survey’s Final List of Critical Minerals and the Department of Energy’s critical materials for energy.

Primary Application: It is indispensable for electric vehicle (EV) batteries, lubricants, and fuel cells.

Supply Risks: Graphite is deemed at risk of shortage due to concentrated production, making it a priority for supply chain security.

EU Listing: Natural graphite is included in the EU's list of critical raw materials.

It is widely considered one of the most critical "forgotten" minerals alongside manganese, essential to battery performance

Background to the Acquisition

The target of the Acquisition, São Gabriel Mineração LTDA. is a Brazilian company, incorporated on 14 July 2022, focused on developing the Macaubas graphite project in Brazil.

SGM holds two exploration licences and has, to date, undertaken early-stage exploration work that has proven the presence of graphite mineralisation at the Project. SGM is now seeking to develop the Project through further exploration work at the Tenements to establish both the extent of graphite mineralization at the Project and an initial mineral resource which will provide the basis for an application to convert the exploration licences into mining concessions. The Project shows robust preliminary exploration results, that underpin the Company's plans to complete more extensive exploration work with a view to applying for the conversion of the existing exploration licences to mining licences.

The Company believes that, subject to completion of this further exploration work, there is the potential to establish a mineral resource and increase grade, with mineralised material that exhibits excellent characteristics that can demand superior prices within the marketplace. The key deposit characteristics are highlighted below:

· Located in one of the highest quality, prospective graphite regions in the world with a strong mining heritage

· Shallow, friable material that can be mined without explosives and minimal crushing

· The deposit has the potential to host high quality, large flake graphite mineralisation

· Favorable logistics and infrastructure

· Large, quality geological targets identified to establish a maiden resource and improve overall average grade

The Project consists of two Tenements, namely exploration licences 870.511/2019 and 870.512/2019, covering an aggregate of 2,805.82 hectares, located approximately 35 km from the town of Macaubas along the BA-573 road towards the village of Pajeú. in Bahia state, Brazil.

Bonus Issue

As previously announced the Directors have determined that the majority of any benefit derived from the Claim should be for the account of Shareholders on the register at the Consolidation Record Date and prior to completion of the proposed Acquisition.

In order effect this arrangement, it is the Company's intention that in the event of a successful outcome from the Claim, 80% of the net proceeds received will be paid to the Qualifying Shareholders. The Company considered a number of options for how best to achieve this and has determined to carry out the Bonus Issue of New Preference Shares.

Pursuant to the Bonus Issue, every Qualifying Shareholder will receive one New Preference Share for every Ordinary Share held. The New Preference Shares shall entitle the holders thereof to receive, subject to the Companies Act, a preferential dividend equal (in aggregate) to the Claim Amount once such amount is finally determined by the Board, but not to otherwise participate in any profits in the Company. Accordingly, any other shares issued by the Company after the Consolidation Record Date, including the Placing Shares, the Consideration Shares and the Convertible Loan Shares will not receive any benefit under the Claim.

Following the Company's suspension in March 2024 its ongoing working capital requirements have been met through the Convertible Loan Notes. As such the Directors consider it appropriate that the holders to the Convertible Loan Notes (at their election) should benefit from any successful outcome under the Claim. Accordingly under the terms of the Convertible Loan Note Amendment, conditional on the passing of the Resolutions, immediately following the AGM, 380,000,000 Convertible Loan Notes will convert into 380,000,000 Ordinary Shares and will therefore receive 76,000,000 New Preference Shares under the Bonus Issue. Where shareholders do not elect to amend their notes, these Convertible Loan Shares will not benefit under the C

Lansdowne Oil & Gas plc

("Lansdowne" or the "Company")

Proposed Acquisition and Fundraise of £1.9 Million

Proposed Acquisition of São Gabriel Mineração Ltda.

Change of Name to Lansdowne Resources Plc

Placing of 1.9 billion Ordinary Shares at 0.1 Pence per Ordinary Share

Retail Offer of up to 190 million Retail Shares at 0.1 Pence per Retail Share

Share Consolidation

Bonus Issue of Preference Shares carrying rights to Legal Claim

Readmission of the Enlarged Issued Share Capital to Trading on AIM

Publication of AIM Admission Document

and

Notice of Annual General Meeting

https://www.lse.co.uk/rns/proposed-acquisition-and-fundraise-of-16319-million-lu2cs9lgjjje78a.html

RNS OUT.

https://www.lse.co.uk/rns/directorpdmr-shareholding-ythivxds0415ofo.html

Nice Ratio, Horatio! 😁

One other factor is the demand forecast for SP6 which is going to go through the roof due to the Oil shock causing a mass global shift to electrification and, renewables that need battery storage to balance the power supply/demand throughout the day.

"Analysts Sound the Alarm: Lithium Faces Years of Deficit"

https://goldinvest.de/en/analysts-sound-the-alarm-lithium-faces-years-of-deficit/

Looking back at the prices at the time, this big trade is a buy, it's correctly reported as such on ADVFN.

30-Apr-26 13:29:18 14.70 232,219 Unknown* £34.14k