Member Info for Genghis15

Complaining that "fossil fuels improve security " and railing against renewables at a time we are experiencing an energy crisis precisely because of reliance on fossil fuels requires a level of dissonance that leaves me in awe at the power of the fossil fuel lobby to mislead. Ambrose E-P exttreme?

Get off that GB "News" channel.

I find the missing of timelines as irritating as everyone else. But so far Segun has always delivered in the end, so I'm happy to trust he will continue to do so.

Perhaps in future he will be a bit more cautious with his date projections.

Raised at 8p 2 months ago. Director buying post raise in 7s and 8s. Potential deal for Eureka could bring in £££s. Yet we sit at 25% discount to fundraise.

Gold looking sound at $4500, copper solid also. Eureka assaays due in the next 2 weeks.

The drift is down purely to macro, good news on eureka assays or offer and this could be double digits in a flash.

JMUK26

I'm not suggesting there's any doubt about the outcome, just pointing out that the delays will carry on, Poland will exhaust the process. Standard can kicking. The payment of costs has no bearing on anything else ; they have never denied the authority of the court and complied with its ruling. They are not admitting any liability by paying costs, just complying with obligations. Under its current govt I see little danger of Poland "going rogue" as you put it, tho under Law & Justice that would be another matter.

Anyway, we have to await for the court's verdict sometime in H2 - up to 9 months- and also still await the English courts. So- and this my point in a nutshell- GRX is unlikely to be paid for at least 6 months, maybe more. The next Polish parl elections are due in Nov 27, so we have time. i think, on our side. But Presidential elections due in May this year mean no deal before then, for sure.

Not only has recent share issuance brought significant project value, but even post dilution BoD have been happily buying more shares. The Eureka disposal is key here, We await assays from the suspended drillling due around mid April. Preghress on the possible disposal should come soon thereafter imho.

Those are the 2 critical events, and as long as they are favourable there's at least a couple of bags in play here. All imho of course.

They'r NOT "admitting defeat" at all. The appeal process grinds on and a final appeal will be decided in H2. No word on the English court process.

"Poland has applied to the Court of Appeal of the Republic of Singapore (Court of Appeal) to challenge the rejection of the first ECT set-aside motion. It is expected that this appeal will be dealt with in the second half of the year by the Court of Appeal, following which Poland will have no further rights of appeal within the Singapore courts"

It's only undervalued as long as Mina al Fahal isn't hit. One hit there and down she goes. That's the gamble. Fait vos jeux, messieurs.

So, a 20% ish dilution taking warrants into account. And there was me trusting them to progress via FO. Which of course will have to come on top.

Spot on, profit taker.

VOR "a us president who........seems just nuts". Omit "seems". He's nuts. The whole WH is. Delve into these people's backgrounds, core beliefs and worldview and it's hard not to conclude we are in the hands of madmen.

If Hormuz stays shut another month $100 oil will be a distant memory. Bab el Mandeb not fully open either so Yanbu oil may have to go thru Suez which limits tanker size but most importantly is largely going the wrong way.....Gulf oil is usually Asia bound. It's not just supply but shipping disruption .

$200 is not impossible.

Even more critical for Europe, and especially UK, is LNG. Winter mb fading but production has stopped and soon stocks need rebuilding for next year. Trump won't care about that, US gas is oversupplied. But he will have to care about $200 oil.

It is what it is. Constant moaning won't change it. Get over it.

Too many on here seem more interested in banging on about net zero than looking at the ENQ investment case.

Focus on that, not what you think govts or others "should" be doing.

Just adding to my 2 previous ; Ippo is stating that the reason for taking the approaches seriously and willing to take a good price now rather than holding the asset to production validates the whole Ajax model of finding, adding value, realising it, without constant s/h dilution.

I'm sure we've all seen b4 "potential" approaches which have evaporated leaving s/hs with blood on their screens. This one may of course evaporate too if terms can't be agreed. But Ippo has staked his, and Ajax's, credibility on this validation, so it seems to me he must be very confident of a deal., which could be highly profitable if/when it happens.

DM

My recxollection was that the added possibilty of concurrent oxide/primary processing could lower AISC in the later (year 4 on ?) phase as well as boosting annual output.

From 1h 22. Apologies if posted alreaDy. https://www.youtube.com/watch?v=pyUlVA4oh8I

2026 guidance. go figure.

"- Free cash flow of c.$0.6 billion[4], assuming $65/bbl Brent and $11/mscf European gas prices. A $5/bbl change in Brent or $1/mscf change in European gas prices for the full year impacts our 2026 free cash flow by c.$170 million or c.$150 million respectively"

I elieve drilling continues in CdI, too, so some sort of update on that should come out as and when.

Spot on from Sen. Markets are way behind the curve. Hold your oilies.

THX pesaked at 98p on 29 Jan, when gold was tickling $5400. After a few excursions S gold is now $5200, down less than 4%. THX is down over 17%.

Even at our Mcap drift seems to set in without news, and/or excitement over the gold price. Still, news is coming. And the best place to wait for it is sitting on a gold mountain or 3.

Given BZT paid $8m for Eureka in 2010, seems to me that if 2 companies are now interested in taking it over in 2026 with metals prices where the are, there's a good chance the price paid will be highly significant for a £10m Mcap company. No guarantees in this game, but it does look very promising indeed.