Member Info for Edgein

Stocks,

True, Boomerang area looks big compared to Molly 1 and Molly 2.

Regards,

Ed.

Tbcx,

Yeah very positive update and the company moving ahead at pace. The extension of the drilling programme by 25% is very positive too. Drilling to be completed next week and as you point out they're expecting assays next month too. The company is keen to get back to the second phase of drilling at Molly too. As you say, well funded too.

"Once all the drill results have been returned and evaluated, the Company will immediately plan and execute extensive exploration work to further ascertain the potential of the immediate Molly 1&2 target zones and quantify the extent of this mineralised structure as well as the wider licence. The medium-term aim is to define a multi-pit operation with work including further drilling at the Molly 2 prospect, metallurgical test work, and preliminary economic assessments. The Company is funded for these programmes."

Lots of news flow from Molly areas the rest of this year.

Regards,

Ed.

Schlemiel,

Yes I sure do. I've built my position over the last year, my average is around 1.37p and I've no intention of taking profit until I see these into production. Hopefully the low capex development of the flourspar/gallium will happen next year. I'm happy to wait as I see a number of factor here that are likely to drive the share price. Off take, DFC, funding for both potential developments, further acquisitions.

Regards,

Ed.

Max,

Certainly looking possible. Overall a good update. Cash is good and growing from the warrants, funded for all near term activities and heading for the MRE and scoping study for the flourspar/gallium. Also looking at near term production assets possibly with a USA element or partnership which sounds interesting too. Reads very well to me. Not many of the 1.5p warrants left and most of those 2p warrants are likely to go this year too with the share price 3p+. All sounds very interesting for holders.

Regards,

Ed.

Dai,

Yeah possibly, although their discovery will need work as the flow rates weren't that impressive. But Shell was going to do more work on the discovery. I think Rockrose is after them at the moment if I'm not mistaken. So clearly someone likes their assets.

Absolutely, those numbers are to suggest there is no future to the government theory that there is no future to the NS. They do need an oil and gas fund like Norway has and get rid of that windfall tax as there is no windfall. The windfall is happening in West Africa where the taxes are lower! There wasn't a windfall tax when oil was $120-140/bbl for years. A weak conservatively gov gave into pressure from the socialists to put that in place. Sky clip did emphasise how that puts large companies off when they can go drill in places that welcome oil companies.

Everyone should be concerned about the predicted use of LNG by 2035 in that report! As offshore expo and development takes so long we really need gov action now. I'm not sure though that this current government is capable of making a decision that they can stick to over the next three years.

Regards,

Ed.

Dai,

Spot on, good video. Its very clear how the North Sea has changed over the years. Back in the early 2000s there were lots of listed small and mid sized companies too as well as the majors all over the North Sea. Now its down to much fewer large UK listed companies that are now consolidating other company's assets. But the video goes to highlight what need to be done to that windfall tax etc.

There could be many more Buzzard fields out there missed, the companies mainly focused on the obvious large structures, not much went into targeting potential stratigraphic accumulations like Buzzard. Also relatively limited HTHP drilling too. Much of that would require the big bucks from the majors again. I reckon they're greatly underestimating the remaining potential in the North Sea, there's lots of undrilled blocks still out there and better drilling and seismic these days to get at it too. That's not to mention the UK's shale potential too which would likely make the UK a net exporter of both oil and gas again. But we have loony toons in charge at the moment.

Regards,

Ed.

You'll find that its more like 90% going to longer term holders here. The cap here is around £3m, likely mainly for the oil/helium/brine assets. Claim is for 656m Euro. Even after costs and the ring-fenced amount the award could still be material given the small cap here. We'll all find out on the 30th of April.

Regards,

Ed.

bamb,

agreed, small market cap currently. that's very modest for the large ree resource. will be interesting to see where we are after the flourspar/gallium resource, the first published gallium resource. add to that the us government backing and that they are in talks with the dfc for the ree funding it makes an interesting ****tail for sure.

we now know that there's plenty of scope for more drilling at both the ree and the flourspar targets and cedric did mention that the next stage for the rees would be infill and resource extension drilling after the met test work. so plenty of scope to significantly increase both of these. we also have a proactive management too, assays released to combat the weak share price yesterday, unlucky to anyone who sold into the wider market weakness yesterday, cedric reminded everyone today why they hold.

regards,

ed.

Good morning all,

Loved that RNS. High grade Flourspar and Gallium starting from surface in a number of holes, average grade is 30%, well above their 20% threshold. Deepest intercept is just to 73m, so its all at surface, near surface. All very amenable to open pit and all above expectations and lots of scope to increase further on future drilling. Looking forward to the MRE and the company gradually moving this to production.

Regards,

Ed.

Nmac,

Yeah 30th April will be an interesting day here for sure. Given the tiny market cap here hopefully it will make a significant impact, fingers crossed. Even if it were a modest % of the 656m Euro claim.

Regards,

Ed.

Edgar,

Thanks for posting that clip, another interesting video. Good to see the new CEO getting out there to promote the company. They really are going to be busy over the rest of the year. Looking forward to the upcoming assays on the further surface occurances and then from more trenching and drilling. 2000m drill programme is going to cover a lot of shallow holes. Good stuff.

Regards,

Ed.

Looks like the capitulators have finished as its just gone blue over on ADVFN, good to see the board being expanded ahead of the Molly results.

Regards,

Ed.

Ben,

You could well be correct, there is a real possibility that there could be US funding for the flourspar/gallium resource as well as the met test work for the REEs. We'll find out in the coming months how CS intends to bring both of these forward, current plan is fast track the flourspar/gallium to production to support the REE development.

Regards,

Ed.

It certainly is an interesting use of old oil wells that are shut-in. It could provide a steady income stream from wells that are otherwise of little use to the company. Hopefully it will prove commercial as its certainly a good idea. Clearly Neometals benefits too as they only need to test the wells that are already there. So looks like a win win at this stage.

Regards,

Ed.

Good morning guys and gals.

I have to say I really enjoyed reading that comprehensive update from the company. Very speedy listing on the OTC market and as the company has pointed out today that brings a lot of opportunities to the company to expand and develop. Good progress being made with the assays too, MRE coming soon from the sounds of it, not surprising they wanted the US listing before they release the MRE and then upcoming met test work for the gallium. Looking forward to seeing what CS has up his sleeve the rest of this year.

Regards,

Ed.

APR,

Not sure that they need to take any more claims than what they did today. The main aim is to prove along this 4km strike. So first target is between Defender and Pine Crow over around 1km to start with. They believe that the tungsten may reach as far as M2 copper discovery extending the possible strike to about 4km to the west. Fantastic if it does as that lot is all under the company's current claims. I reckon that they have the most prospective claims already in hand and great upside with a 4km trend to test and its already started to come in from surface. If they can prove up 1km with good grades and widths from the trenching and drill it would be great, they've already had a strong start given the current tungsten price. The higher the tungsten price the lower the commercial threshold. The drilling may even start to show some copper and silver credits too as they move towards M2. Early days yet, lets see what the upcoming trenching shows and then drilling from mid year.

Regards,

Ed.

Regards,

Ed.

Umaz,

There was a string of regular warrant conversions diluting their position, they've just held off reporting until these have stopped rather than put out weekly TR1s. With the current price they have a good idea that the warrants conversions have stopped for now. Likely only a matter of time imo before the share price is above 2p and they start up again.

Regards,

Ed.

Nice to see the company stake new claims around Defender Pine Crow to make sure they get right around the boundaries of the project area. Interesting comments too about how positive they are about what they're seeing and how keen they are to get back exploring again after the winter season. Looking forward to seeing the trenching kicking off again followed by the shallow drilling campaign. MRE should start building momentum for sure. Well done to those who have been accumulating on the cheap.

Regards,

Ed.

Pac,

Looking forward to these results too, they did expand the drilling by 70% and that's normally a good sign, when things don't go as planned drilling campaigns tend to be cut short. So I'm expecting good results from the assays and the MRE for the flourspar gallium. I'm also looking forward to how the talks progress with the DFC as that could eventually cover the flourspar and REE development. Imo this one has a long way to go yet and an outstanding asset.

Regards,

Ed.

Ksmyth,

I have to disagree on that statement still, you will find that the pretty girls bring with them $bns. Barracuda won't be nearly as attractive as it is if the Alen platform wasn't there and the pipeline to the LNG export terminal wouldn't be there to cross our block and neither would the LNG terminal. I'm quite happy that EOG are in with the big guys when it comes to EG. At least we'll see the wells get drilled! Probably before the wells get drilled at Wressle.

I know what you mean about Ireland and their gonna save the world no matter how much it costs, its all various shades of their Green party there, they need a new political party that may emerge if enough people get sick of the ever increasing oil and gas prices or the big tech starts to pull out. The UK need to take local planning out of oil and gas too, make it a national security issue. There is at least some hope for the UK in that some parties are pro drilling and there's plenty of opportunities left in the SGB, the likes of Harbour Energy etc are thriving.

Just watched Ed Milibland on the lunchtime news saying that new expo licences in the UK won't save a penny off anyone's bill, simple supply and demand economics Mr Milibland! Also try putting some wind in an oil boiler or petrol can and see how far that goes! The sooner that lot gets voted out the better.

Regards,

Ed.