Member Info for GingerHippo

Is he still bleating on about profitability and cash flow when we just got audited accounts released a couple of weeks ago......?

Just read the accounts and not listen to uninvested morons.

On time frames within an MoU:

"It's important to remember that the duration of the MOU is not an absolute limit, and the parties can extend the timeframe if needed or choose to proceed with further negotiations and development activities beyond the initial term.

The primary purpose of the 12-month term is to create a sense of focus and urgency, encouraging the parties to work diligently and efficiently towards project assessment and decision-making."

Sense of urgency. I like that.

I don't know why you don't all just filter him as I've done. It's much easier than reading his rubbish so often.

This is huge news!

Remember 3 years ago we were all eagerly anticipating a LoI from the Sindh government? In fact we got to 1.6p based on the rumour of an LoI when the coal project was our only project.

Well now we have not just a LoI but an MoU (which is a more formal agreement) and this is just 1 of 3 huge projects we have.

Yet for some reason I am not surprised that our sp has barely budged even though we're at 1/10 of the level reached back then. Sign of the times I think.

But this is another great step forward for (what I believe is) the most undervalued company on AIM.

Major bit that the market should sit up and notice is once again re financing:

"The development activities include all tasks required to be carried out by the Parties with respect to or in connection with the investment, development, financing, construction, and operation of either of the Project Options. "

"The Parties will also work together to secure financing"

And the really big one:

"The MOU... provides that the Sindh Government will...... provide financial guarantees for arranging the financing, if required."

This project is going ahead one way or the other. We have everything we need to make this happen.

My initial thoughts are that we're not using our coal (at the moment at least, but quite possibly we never will) but will build the power station of either of the two plots.

We are in any case using a large chunk of the land at Thar for the solar project.

M&A is not easy in Russia right now as we all know,

but apparently the Russians are still interested in getting them done.

Anyone flying out to Moscow to attend....?

https://aebrus.ru/upload/iblock/58a/2023.05.23_Program_ENG.pdf

rns on 6 feb:

oracle energy and emirates global aluminium - a leader in global aluminium production - signed the mou on 1 february 2023, agreeing to jointly cooperate on a non-binding basis to explore the potential for oracle energy to supply and deliver approximately 50,000 tonnes of green hydrogen to ega from its planned green hydrogen project in ****stan - forming the majority of the project's total projected annual output. if negotiations are successful, it is the intention that a binding agreement be signed during the 2023 un climate change conference (cop28), to be held in the uae from 30 november to 12 december 2023.

article yesterday:

https://www.urdupoint.com/en/middle-east/energy-and-technology-leaders-meet-in-uae-to-1690210.html

abu dhabi - industry, technology and energy leaders gathered in abu dhabi to address the major challenges facing the widescale adoption of green hydrogen and the growth of the hydrogen economy.

the ministry of industry and advanced technology (moiat) hosted a dialogue session at the uae climate tech forum, which took place on may 10-and11 in the run-up to cop28 in november.

.....which was attended by senior representatives from......... emirates global aluminum.

the uae is aiming to capture 25 percent of the global hydrogen fuel market by 2030 as part of its energy-mix and economic diversification plans. to enhance its leadership and competitiveness in hydrogen markets, the uae launched the hydrogen leadership roadmap in 2021, which is a major driver for providing future solutions to climate change challenges. the country is investing aed 600 billion in clean and renewable energy projects over the next 3 decades.

I believe we have enough cash for several months so won't need to raise for a while.

The DFS for GH should be out by then.

Let's see how the market reacts to a Thyssenkrup (the huge, international, hydrogen power experts) valuing our project in the billions.....

Do yourself a favour.

Just filter and ignore.

It's not hard to do and you'll be happier for it.

I actually think solar will be quickest to bring in revenue as the build time is much shorter.

EG Sweihan Photovoltaic Independent Power Project and Noor Abu Dhabi Solar Plant took about 1.5 years from financial close to COD.

I highly doubt we'll be generating GH within 2 years either.

Getting financial close in 12 months from here would be very very good. To expect an operational GH plant within 2 years is completely unrealistic.

No way they'll be mining there within 2 years.

These projects take a very long time.

But future upside with no dilution? Yes please.

Here's hoping this will be over a looooooong time before the next US election.

Which should be within 6 days

Eurasia didn't do the placings because they were running out of money in the normal course of operations, which would maybe justify the cash concern based on figures presented.

The opposite. They raised money specifically in order to fund the capex. So obviously the money has been spent, that's what it was raised for!!

"cash guzzling insignificant pgm assets in russia, assets where the cost of mining is, per oz, greater than the price metals are sold for"

Interesting. Maybe trust the experts on this one.......? https://www.eurasiamining.co.uk/investors/technical-reports

To those who manipulate in order to rip off PIs I say this - no bad deed goes unpunished. There are always consequences. Sometimes obvious, sometimes subtle. But there is always a reckoning.

Given what has happened since i wrote my post, I feel i ought to point out that 3.5p may well be the level the market has assigned to this balance of two competing considerations and that's why it held for so long.

If the drop and rebound is purely down to an article speculating that the company has no money followed by the company reiterating that they do, then I shake my head and find it disgraceful.

Real throw-back to those of us who were here in the good old days of late 2019 (the last time we were suddenly dropped from 3.5 to 2.5 for no good reason)......

I think this drop is a mixture of some PIs accepting that there is risk here, and MMs taking full advantage. Nothing specific has happened this week to justify this kind of sudden drop, but I was surprised by how long 3.5p stood up.

But that doesn't mean I've sold any shares lately even at 3.5p. And I'm not going to.

There is a balance here between two competing, and highly significant, situations.

On the one hand there's a war on with sanctions. These do not at present directly affect us, but it's impossible to argue there is no risk there.

On the other hand we have large, valuable proven resources. People are focussed on the delayed DFS on MT and getting annoyed / losing hope. They have forgotten the independent JORC CPR valuation which resulted in a positive NPV of US$1.19Bn under the WAI Forecast scenario and $1.69Bn under the spot prices scenario.

The fact is that the company has cash and practically no debt. It's very hard for a company to go bust if it has no debt, so I'm fairly sure we're safe on that front.

So to my mind it's a balance between the two things above. The huge value in our proven reserves versus the risk of sanctions preventing us from realising that value and how long that risk might last.

The lower the share price the more positive that risk/reward is, so there should be a point at which the market settles as nobody would want to sell something potentially so valuable so cheap, even with the risk. Where that point is, I'm not sure, but I certainly won't be selling any shares.

Me neither.

Who the hell is selling at this price with our news flow? Madness!