Member Info for EarEyeAm

"The conflict in Iran has "supercharged" the "boom" in renewable power, the United Nations' climate chief has said."

It comes as electric vehicle numbers in Britain hit a record high of two million yesterday, amid a worldwide buying spree.

Simon Stiell, head of the UN's climate body (UNFCCC) said in a speech in Paris this morning: "From this tragedy, an immense irony is unfolding."

In a veiled reference to US President Donald Trump, who has pursued a policy of "energy dominance", he said: "Those who've fought to keep the world hooked on fossil fuels are inadvertently supercharging the global renewables boom."

Meanwhile, new electric vehicle sales in March were up 66% in Germany and 69% in France - and even by 72% in Italy, where drivers have been slower on the uptake.

If geopolitical instability becomes a defining feature over the coming years, oil demand could end up 20% lower and gas 10%, according to new modelling by Wood Mackenzie.

The crisis also invigorated the world's first-ever conference dedicated to ditching fossil fuels, held in Colombia this week and attended by 56 countries, including the UK and fossil fuel majors like Australia, Canada and Nigeria.

FACT:

"The Board believes that the Proposal focused primarily on the valuation of the Project, without fully considering the potential of the rest of its underexplored exploration tenure."

Prospective bidders do not need to see the Optimisations before making a bid, you keep posting this incorrect and therefore misleading claim as if it's fact when clearly it is not fact, it is also incorrect.

There was a bid approach earlier this year, fact.

The bidder was unknown to ALL prior to their bid approach, as stated in the RNS and again in today's update pdf file, fact.

That bidder has no idea what the optimisations were, yet they still made a bid high enough to get into discussions and discussions were had, which as per the RNS told us that the bid covered Ewoyaa, therefore the Optimisations were covered in that bid. What the bid undervalued was all of the other licenses.

You've asked the same question about the previous offer multiple times, so I'll just reiterate what I've said in reply multiple times.

The offers in 2023 were £222m. Those offers were flatly rejected, no discussions were entertained for such low ball offers

The recent offer, in order to get ALL to enter into discussions and pay for legal advisors when the company was being extremely careful with it's money, must have been significantly higher than £222m.

The company is currently valued at £118.62m, so there is no way on Earth that the recent offer was anywhere near the current price.

Stuart1062,

I still have my millions of shares. I said a few months back I'd buy more, probably in July as Gas won't be connected until September. I was told by a few here that I'd miss out because the price would go much higher soon, however, looking a the historic chart for the past few months it's done exactly as I expected, a bit of up and down but no major gain yet.

I'll be sticking with my July plan, I have millions already so I won't miss out if it suddenly wakes up, the extra was just to get a few more before production kicks off.

KyleSnyder,

1) They could have waited 6 months more for the Arbitration win and fully fund the Uranium themselves. They wouldn't need cash from anywhere else if they won even a quarter of the claims value.

2) They could have waited for some of the Solar to be sold, something AC said they already have enquiries for a big chunk, then use some of that money to get the initial exploration work completed, then IPO and make a profit on top of keeping 35%

There's no doubt several other options they could have chosen, what they chose to do wasn't the only option.

Talking of people talking crap....

Takeyourbets,

"Yes, the 25/25 structure with Ajax raises questions, particularly given Zenith originally held the asset."

So it's not just me saying that, it's the analyst as well, although they do give a fair reason for it, but still, 25% of a potential $1.2 billion asset for £200k reminds me of Russian Oligarchy.

RamonM,

What I don't believe is the crap you are writing. And personal abuse just shows you up as someone not worth listening to, you just can't have a normal adult conversation, you always revert to abuse when your crap is shown to be crap.

"Reveille was founded by Ippolito Ingo Cattaneo, Chief Executive Officer and Founder of Ajax Resources PLC (AQSE:AJAX) ("Ajax") and Andrea Cattaneo, Chief Executive Officer and Founder of Zenith."

Who owns Ajax......

RamonM,

I don't see them diluting Elevra or Elevra being bullied out, that's not how PARTNERS discuss things like this, it's not an 'us and them' situation no matter how much private shareholders would like it to be.

The solution could be as simple as:

Leave Elevra on 22.5%, bring in a new partner to take 22.5%. Elevra and the new partner pay the first $70m between them, so nothing changes financially for ALL compared to the existing deal, Elevra only need to pay $35m instead of $70m. Job done.

Raharh,

I'm OK with the Uranium spin off because we were told from day one that was their plan. They believe the Uranium will attract better investment as a standalone Uranium Company. They will have beed advised this by their NOMAD. Funds that invest in Uranium are more likely to invest in a standalone Uranium entity than in a company doing Solar, Gas, Power and Uranium, that's what they've been told.

My issue is the same as yours. There was no need to give AC and his son 25% of it. Was it their idea to get the two mines going? Just those two people? If so then it would seem fair for them to take a cut because they didn't have to put the project into Zenith Energy. BUT, if it wasn't them specifically, if the idea came to the board from somewhere else or just through the board itself looking for projects, then then getting 25% is taking something they shouldn't be entitled to take.

It's not the £200k that's the issue here, it's that in IPO the company could be worth £40m, giving AC and his son £10m from £200k in a very short time, when if they weren't entitled to it that value should have either stayed in Zenith Energy by way of a 50% holding or, by way of an extra £10m being raised in the IPO if Zenith Energy only kept 25%.

Raharh,

That is my reading of it too. It's AC and his son grabbing 25% of the Uranium project as bargain basement seed stock.

Once the IPO has raised whatever it can from the market for the remaining 50% of the project, then any further cash required for operations, we will need to pay 25% of that, as will AC and his son.

If the IPO values the project at say £40m, raising £20m from the market, our 25% will be worth £10m, and AC and his son will have turned their £200k into £10m ....

Manx71,

The negative spin merchants know it but this report is just a way for them to create more baseless negative spin, don't fall for it.

Ewoyaa has not changed, the company have put forward an optimised plan that makes the project even more financially beneficial to us and Elevra than the DFS, there's nothing negative in that at all.

"assessing options available to the Company to advance the Project while maximising value for shareholders."

I wonder what these options are. I'd say a takeover offer at the right price would maximise value for shareholders and be snapped up.

The closing price on ASX is equal to 16.379p.

"assessing options available to the Company to advance the

Project while maximising value for shareholders."

Maximise the value of my investment as much as you can, thanks!! 😁

Down is ASX also doesn't necessarily mean below the price here. A buy at 0.31 equals 16.379p, a sell at 0.305 equals 16.114p. Both are higher than the advertised BID and ASK here, regardless of what the ASX says the price is up or down.

The silence isn't eerie, the silence isn't deadly, the silence isn't even deafening, nope, the SILENCE IS GOLDEN!