Still here , morning djframbois, and lancy geo . Nice to know we are still in it together and good to see the shares selling for 4p . The only news I have seen is this ..... MOXICO RESOURCES PLC Moxico Resources PLC is a British mining company currently focused on copper in Zambia.
Moxico intends to list its shares on a recognised stock market in due course.
ZincOx acquired 12.5 million shares in Moxico in 2017, at a price of 6p per share. In 2019, Moxico raised US$30m at a share price of 24p. ZincOx has recently sold 1.5 million Moxico shares at 24p, realising £351,627 after expenses Not bad news at least ? Keep the faith .
Good to see there is still some interest here . The delay in Moxico's listing till 2020 may have put people off for the last couple of months , but with our company secretary , Peter Wynter Bee , also been Moxico's non executive chairman and the 12,500,00 shares we hold an interest in ( bought at 6p ) recently been worth 24p , i think there is a good chance things will work out OK for us LTH . An announcement of a new project or two would be nice too :
New Recycling Plants The Company is actively pursuing the concept of developing new recycling plants in Spain and Japan. This work involves the identification of suitable plant sites, negotiations for EAFD supply contracts, basic engineering to enable a detailed costing of the development of the plants and the necessary environmental and other permitting. GLA LTH
I remember it well the heady days of Bonum super ramper i was in mmx for a time , sold out at a profit (about 11p ithink it was) when i realised it would be decades before they did anything significant what is it now about 5p ? But still holding here , so swings and roundabouts ? Did notice you pop up on sxx , Bonum , and start a "super ramp" but you were called out quick on there eh , gone within the day ? go well
MOXICO RESOURCES PLC Moxico Resources PLC is a junior British exploration and mining company focused on copper in Zambia. Moxico intends to list its shares on a recognised stock market in 2019. ZincOx holds an interest (12,500,000 shares) in Moxico which it acquired in 2017 at a price per share of 6p. In 2018 Moxico raised £10m at a share price of 12p.
However, for the avoidance of doubt, no grant monies have been included in our economic models or in any of our discussions with equity and debt providers. Any EU grant monies received will certainly improve the economics of the Project but, equally, a lack thereof, will not fundamentally alter the economics given that we have not attributed any cash inflows via EU grants in our economic models.
We can just hope the Moxico listing goes ahead in the next few months without a hitch and that the zincox shares keep trading well ( allbe it on a rather backwater platform ) and just maybe we might see that flaming bird !
Yes agree it would have been nice to be asked , having been in here for years and bloody years since the Oxford advanced services days i consider myself a very long term holder and the sort of holder it might have been nice to reward with the chance to ave' down . It is in a way encouraging that the 159,185,680 new ordinary shares at 2.5 pence per share were sold and the sp is not now languishing at 2.5 as is usual with placings , but has risen to 3.6 , very nice for those that got the chance to top up or buy in at the placing price but also a little reassuring ? p~~~~d off , a little , but maybe long term a step forward ?
According to the Australian Petroleum Statistics issued by the Department of the Environment and Energy, there were 98MMbbl of crude oil and condensate produced in 2017-2018. The figure is made up of 8,145ML of Crude Oil and 7,512ML of Condensate. In comparison, Doreimus is claiming at P50 that there will be 707MMbbl of condensate from EP487. If that were to be true, I would say we are dealing with something worth taking some notice. Even if they were 10% correct, that would be 70 MMbbl which is almost equivalent to the total crude oil and condensate produced in 2017-2018 from Australia.
What is a bit on the unbelievable thought is the size of this field? The size of what Doriemus is talking about is BIG. I have worked in the mineral resource sector since 1992 and have never worked a day in the oil and gas industry. Taking that into consideration, I am just a bit perplexed with the numbers. Let’s take the scenario that those figures were correct and Doriemus and Rey Resources are happily producing those numbers, what kind of money are we talking about? What would their share prices be? Imagine if that just came from the Butler prospect and the Basin Centres Gas System within EP487.
707 MMbbl of condensate 28 TCF of recoverable gas. Whatever the final figure is, what I can say is that the shareholders of all companies involved will be happy.