Member Info for edgar222

Being asked by a twitchy quick seller friend who is in IOG cos of me what the share price target is.

Have told him I am a buyer not a seller down here but what is the phase 1 broker target. Memory suggests 50-60p but dont really pay attention to brokers. Can anyone remember?

I bought more GWMO yesterday and was very happy to do so at these levels.

Genuinely excited by the coming newsflow.

...you are a Director of a tiddler gold exploration company and you post some results that are surprisingly good. Some might say very good/blow the doors off it good. But lets setlle on good.

And you get accused of misleading. Based on nothing more than the results are surprisingly good.

At £0.58p per gram of silver and £40 per gram of gold (conservative) and assuming 12k tons all do the same I make it £206m for the spoil heaps.

And that is not the main show or why I am here.

Determined to hold for multi bags.

They have moved to Tomco's own proposed acreage! That is good news. The FEED will be more relevant to that area, which is different.

Estimated 12000 tons of spoil heaps.

Exciting times here.

hxxps://www.ogauthority.co.uk/news-publications/news/2021/oga-bacton-energy-hub-area-plan-hydrogen-potential/

The OGA commissioned Progressive Energy to undertake a study in December 2020 to analyse the hydrogen demand potential in Bacton and the South East of England.

The Southern North Sea has been a critical part of the UK’s energy system for half a century and could continue to have a key role to play for decades to come; with Bacton playing an instrumental role. The study was commissioned to evaluate the demand for, and potential for, generation of hydrogen in the Bacton area; to develop a fuller understanding of the potential requirements for future hydrocarbon production and repurposing of infrastructure to enable this; and to develop a future vision for the Southern North Sea and Bacton.

The study has concluded that the Bacton area has the potential to demonstrate energy transition in action by becoming a significant hydrogen production site for London and the South East. A sustainable market for this hydrogen is expected to develop and it is anticipated that blue hydrogen will be the most commercially viable option in the 2030’s and early 2040’s. This will provide the time for the maturation of green hydrogen technology and for green hydrogen to become more cost competitive on an industrial scale by the late 2040’s and early 2050’s.

The Southern North Sea has sufficient indigenous hydrocarbon reserves to provide the feedstock required to meet the increasing blue hydrogen demand; creating value whilst helping to meet UK energy demands and supporting the UK’s transition to Net Zero. Blue hydrogen generation could utilise the existing hydrocarbon infrastructure and extensive CO2 storage potential the Southern North Sea has to offer, with green hydrogen being used to redeploy constrained wind energy. The Southern North Sea can therefore make a valuable contribution to decarbonising the UK energy mix.

However, action is required now to ensure the continued production and development of natural gas in the near term; this will be needed to protect existing infrastructure and to ensure feedstock availability for blue hydrogen. Failure to act now could see infrastructure prematurely decommissioned and hydrocarbon opportunities lost, which would have a credible impact on realising this value for the region.

The OGA will be hosting a workshop on Wednesday 16 June between 10:00 and 11:30 to share further insights into the report’s findings. If you believe your organisation is well placed to take this exciting opportunity forward please register your interest by emailing Bactonenergyhub@ogauthority.co.uk.

https://twitter.com/stockbible/status/1376099169346187265?s=21

Saw this tweet as it mentions Bacton as a hydrogen hub. Is this another potential income stream for IOG, allowing others to use Bacton or have I got the wrong end of the stick? Or maybe the wrong stick.

Boom Boom (and others)

The licence extension history had been very far from easy going. There were periods where the licence lapsed and renewal had to be counted as a risk. I always believed that the Govt would extend and they did. It is coming up for extension again. I believe (fwiw) that the Govt want this project to work and that has been underlined by the farmout approval. I believe that delays etc have been about the Govt setting up entirely new systems and processes in-country, as well as just delay.

So I remain confident of the licence renewal. When it was last renewed about a year ago (and for a year) it was stated expressly that all parties understood more renewals would be needed and not all commitments would be met within that year. Which is the case.

For me this all goes into the category of political/regulatory risk. And is the only risk left for Aminex. Geological and financial risks have been sorted. The gas has been discovered, its already commercial and the farmout gets us to gas sales. On the keeping the lights ondirector salaries worries I am not worried. The overheads have already been cut and I am in other companies where the directors take shares in lieu (see IOG) while the project is being built. Of course, the debts being paid by the Govt would cover this issue.

So, on the one remaining risk (regulatory/political) the wild card is the new President. I think she is a good thing for Aminex and is business friendly. At least that appears to be the case in the public utterings I can find.

Aminex is a no brainer if you have some patience. And for the long termers here, 9 months to next spud is nothing!

(Fwiw IOG in the North Sea is in a similar position. Building their fully funded hub. Berkshire Hathaway farmed in. First gas Q3 2021. The returns on Aminex are much more blue sky in comparison. I honestly believe 5p is eaily achieved. Beyond that we need news, results, plans and income. All of which I am confident of.)

GLA

For those doubting Sadaat Umar, the investor on twitter who says he has bought £250k worth, you are wrong.

I have followed him for while. He is no BS artist and is a serious investor.

So I have double checked the price Zubair paid and believe I was wrong to say 5p per share.

I think I had it confused with a large director purchase/raise at the 5p level.

The price paid is not actually announced anywhere but if you look at the 15.9.16 RNS the Ara input is tied up with the open offer/placing that was going on. The historic share price data tells me the price was in the region of 1.6p then.

My mistake.

Zubair paid 5p per share for their 30%

fools

5p per share

Miton took 8.77% of QFI ON 10.3.21. The directors bought more in placing/open offer on 2.3.21.

Not much buying in TOM but they might be in a closed period?

March purchases are significant for me. The FEED was put back from Feb to end Q1 and those purchases smell of confidence.

Miton took 8.77% of QFI on 10th March 2021. Directors bought in the placing/open offer on 2nd March 2021.

Not much buying in TOM but closed period?

Feed completed by end Q1 (so a few weeks) and site identified for the plant.

Its squeaky bum time. You are either made nervous by silence or you are not. I am not, here, because its silence with a deadline not yet reached. If this was mid April and no update RNS I would feel differently.

I have been buying too this morning. Kid's ISAs and not easy to buy!

I think we (maybe it is just me) have to think of the plans differently now.

It was always drill CH1 (back to bac, remember!) and then see where we are. I think it is much more likely that CH1 is now the start of a multi-well programme (as discussed in the farmout literature on the Aminex website). And I think that the RNS today is saying that the programme will be informed by the seismic and it is all on track and confirmed.

So, delay and waiting aside, very positive.

Works not World. FFS

If it works....

Unlimited.

They are working on tech that if it world will revolutionise the industry. And is incredibly profitable.