Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
For any on the side lines :
Background on the Islandmagee Storage Project
The Islandmagee gas storage project is a proposed salt cavern gas storage facility located on Islandmagee in County Antrim, Northern Ireland. The Board of InfraStrata believes that the proposed 500 million cubic metres Natural Gas Cavern Storage facility will provide over 25% of the UK's Natural Gas Storage once constructed, and will be situated adjacent to the Scotland Northern Ireland (gas) Pipeline (SNIP) and the Moyle 500 Megawatt Electricity Interconnector. Work commenced in 2007 with the acquisition of 3D seismic data to image the Permian salt in the Larne Lough area. During 2012, planning permission was granted for the project and a gas storage licence was issued by the Utility Regulator. In 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the European Commission. The Front End Engineering and Design (FEED) element of the Project is scheduled for completion by the end of 2018. To date approximately £11.5m has been invested in the project.
Important to remember .
Today's appointment is another large step in the right direction , we know it will m'bag from here it;s just how many that remains to be seen .
Still cheap at twice this price .
GLA
56.5 paid on nex
upwards and upwards !
I'm in a similar boat Long Trek ?! They don't really make clear the situation after the offer either , are the remaining shares then worth the 2,5 p as the offer price ( there should be half the shares of now in circulation ) and will they still be tradeable on asset match after the offer . i don't really want to sell at the offer price but a bird in the hand......?
Anyone out there throw any more light on the situation or there own thoughts on it ??
I have been here for years and would like a bigger return than the offer price but also don't want to wait years and years for it ????
Anyone got an opinion ?
NEW ANNOUNCEMENT
ZincOx Resources Limited is pleased to announce that as previously mentioned in the Circular of 16 April 2018 and the Annual Report of 4 June 2018, the directors have decided that the most effective way to return cash to shareholders is by way of a share buyback. The tender offer to buy back from shareholders a total of up to 120,206,709 shares, at a price of 2.5 pence per share. This represents 50% of all the Ordinary Shares currently in issue.
Shareholders wishing to participate will have until 16 August 2018 to return their tender forms.
A General Meeting is planned for 4 September 2018 and assuming the shareholder vote in favour of the resolution then the funds will be paid to participating shareholders shortly thereafter.
Agree MattD78 , loving the rise but would love to know what the hell is going on even more ? What is the point of the radio silence , who does it serve ????
LOL
GREAT RNS what ever the nay sayers say .. "Africa is a huge potential market for POLY4 and we are very pleased to establish our initial footprint in Nigeria, which is the largest market in West Africa. Nigeria is positioned as the key market for fertilizer growth in the region and we believe ITL Trading will be a fantastic long-term partner for the Company. "We continue to make good progress on all aspects of our project and are in active discussions with potential customers in other key markets such as Europe, India and Brazil in order to support the stage 2 financing."
Good piece on prof Cronin on CNN today ,nice to get some pr on the company , every little helps . I think things are moving in the right direction here now . GLA
And down we go ???
EXELLENT RNS . Wheels in motion now , Adrian still working hard for us , patience here will be rewarded , last chance to get in at These prices , i wouldn't want to be out of this at the weekend , and all the other great rns quotes ! GLA
RNS OUT like this : "The increasing level of industry interest that DeepMatter is receiving makes it a particularly exciting time to be taking on the role of CEO. DeepMatter's core expertise in big data collection, structuring and analysis is applicable to many sectors, particularly the now rapidly growing Scientific Data and Internet of Lab Things market. With a good pipeline of opportunities, I feel confident that DeepMatter can create significant shareholder value."
Please find below the final order book for the ZincOx Resources auction that closed today at 4pm. In total, 713,461 shares traded at 0.90 pence per share. Final order book: Take me to the auction The next auction will close at 4pm on Wednesday, 27th June 2018. Buy and sell orders are to be submitted via The Share Centre. For details on how to participate please read the auction instructions.
Just been searching for a reason myself Bothwell , so far can find no reason . Over to the experts , bignose , pom ?
Did you see this Long Trek ZincOx Resources plc (�ZincOx� or �the Company�) is pleased to announce that on 16 th April 2018 it entered into a Sale and Purchase Agreement (�SPA�) with Korea Zinc Company Limited (�KZC�) in regard to the Company�s interest in Zinc Oxide Corporation Vietnam (�ZOCV�), the company established to develop the Vietnamese Recycling and Upgrading Plant (�VRUP�). The Company has, on the same date, entered into a Technical Assistance and Marketing Support Agreement (�TAMSA�) with ZOCV, in order to provide support for VRUP. Under the SPA KZC has agreed to pay USD 1,250,000 for ZincOx�s 49% interest in ZOCV, by 30th April 2018. Under the TAMSA, ZOCV has agreed to pay, by 15thMay 2018: - USD 1,184,210 as an upfront technical assistance fee - a lump sum Licence Fee of USD 500,000 less tax In addition, it has agreed to pay two further sums in the future: - the sum of USD 284,210, per annum, for a period of eight years, commencing on commercial production from VRUP. The annual payments could be postponed in the event that ZOCV has no profit after tax in any one year. - a marketing support fee of USD 2.84 per metric tonne of industrial quality zinc oxide chemical sold will be paid for a period of five years from the commencement of commercial production, which is expected to amount to about $85,000 per annum. The proceeds from the sale will be added to the Company�s existing funds and used to identify and progress other projects
NEWS Corporate Action � Cronin Group Plc � Proposed Change of Name It is proposed that, to better represent the mission and values of the Company, its name be changed to "DeepMatter Group Plc", as set out in resolution 7 of the attached Notice of Annual General Meeting to be held on 16 May 2018. I like it though sounds seriously sci-fi ?! Bit surprised with the little sell off today ., bit of cash needed for the long weekend maybe ? GLA
Blimey , Malachi you've been keeping your head down! Haven't seen you on here for at least 3 company name changes !!! Thought you must be long gone . Glad to see there are some of the very , very long term holders still left . I too initially bought OXA and am a little baffled by the new direction prof Cronin has taken us , but lets hope we all end up happy in the long (long long ) run . Things seem to be warming up nicely at the mo' . GL
Well , brief , to the point and encouraging . Whats not to like ? GLA
Snap , spud . Great minds think alike ? lol
RNS snippet Nice Financing at a project level for development and construction of the Islandmagee Project has also been a priority, and during the interim results period we engaged with numerous major potential funding partners for the implementation of the Project. Many of these organisations have access to sufficient funds to provide the necessary equity investment in order to fully fund the Project upon completion of the FEED. Substantial progress has been made in our discussions and further information will be provided when applicable.
RNS half year report