Tickup due here now
Planned drill holes are short and each is expected to be completed within 2-3 days. Initial assay results are anticipated approximately 1-2 weeks after drilling commences
Initial Inferred Mineral Resource of 47 million tonnes averaging 0.6% Cu or 621,700,000 pounds of copper (reporting cut 0.2% Cu) including 12 million tonnes averaging 1% copper (reporting cut 0.7% Cu) (see September 26, 2014 press release). -- Mineral Resource estimate is for the BK Main deposit only and is based on assays from 74 diamond drill core holes drilled between 1998 - 2007 and 2012 - 2013. -- The Mineral Resource is contained predominately within a shallow dipping deposit that extends from near surface to a depth of approximately 120 meters over an area of 1100m (N-S) by 950m (E-W) and remains open in several directions. The near surface nature and geometry of the deposit is expected to be highly favorable for shallow open pit mining.
In for the next run. GL
Looking to buy. Researching.
Make that 3 up there and increasing.
Two moved up to 8p. So looking good
Cap 5m. Cash 3.6m. ASX up 34% then suspended this could fly
Tick up on small buy
So many power companies are buying up wind projects in Poland they want to get in before the subsidised regulations change. Anytime now for REH. Should get about £180k per MW..so £5-6m for 30MW. REH Mcap 1m!! Also Poland have to reach a target by 2020 for renewables. They are not going to comply at current levels of power generation as they rely on coal. They will get fined euro 60-70k per day if they don't meet guidelines, hence they need as many wind farms generating. Wind speeds are good for REH wind farm project.. Note the change in tune. This from 29/09/14 interims, which sounded positive and for which we are awaiting news. "The resurgence of interest in the Polish market and renewed efforts to find a buyer has continued. We are engaged in early discussions with a number of potential acquirers, further updates will be issued in due course." Compare the resurgance comments to the AR a few months before in 25/06/14, they sounded less enthused and we know since then the director bought 900,000 shares in December..wonder why? "The Group has planning consent for a 30MW wind farm at Kobylany, Poland. As previously reported the Group is looking for a buyer or joint developer, but the long running uncertainty over the Polish government's policy towards "green" energy has meant there has been no progress. Recent announcements by the Polish Energy Minister appear to have temporarily rekindled the Polish market, albeit likely for a brief period. Attempts to achieve a sale will continue, but in the meanwhile ongoing expenditure is severely restricted given the overall uncertainty in this market and the limited cash resources available." Clearly expectations have changed from looking for a buyer, to now in discussions with various acquirer's of the Polish wind farm project.
CWE/REH Enel, DCNS to Set Up USD 20 Mln Marine Energy Centre in Chile Enel Green Power (EGP) and DCNS have been selected by the Chilean government’s economic development organization CORFO (Corporación de Fomento de la Producción) to establish a groundbreaking global centre of Marine Energy R&D excellence in the country, named Marine Energy Research and Innovation Centre (MERIC). The Centre will be supported by a contribution of approximate 20 million US dollars in cash and in-kind funding, 65% of which will come from CORFO. MERIC’s applied research and development work will focus on key sources of marine renewable energy such as tidal power and wave power. Salvatore Bernabei, General Manager for Chile and Andean Region at Enel Green Power, said: “Marine energy is one of the most important frontiers in the renewable sector and innovation is key to unlock potential of this renewable energy source. MERIC, thanks to the support of all its Chilean partners, will revolutionize the way we produce energy from the oceans in Chile and at global level.” Thierry Kalanquin, Senior Vice President Energies & Marine Infrastructure at DCNS, warmly welcomed the announcement: “The country has tremendous potential and can become the global laboratory for Marine Energy on Pacific coast. The creation of MERIC answers that objective and we have the ambition to turn it into an international centre for adaptation and qualification of Marine Energy technologies.” EGP and DCNS will bring their respective strengths to MERIC. EGP is a world leader in the renewable energy sector. It will contribute to MERIC giving the point of view of the end user by highlighting what are the most important factors in the installation, operation and maintenance of marine power plants in order to secure safe, sustainable and profitable projects. DCNS is involved in marine renewable energy systems with a significant track record as well as technical expertise in Tidal, Wave, Offshore wind and Thermal energy conversions, and brings valuable experience in naval and marine industrial project management and methodology. In addition, MERIC will be supported by the resources and substantial expertise of the Chilean development organization Fundación Chile, the R&D foundation INRIA Chile, research institutions Pontificia Universidad Católica de Chile, and Universidad Austral de Chile, as well as Enel Group’s subsidiaries Chilectra and Endesa Chile. During the first 8 year, the Centre will gather researchers to support work related to marine resource assessment, site characterization, bio-fouling, bio-corrosion, environmental and social impact, and technology adaptation to extreme ocean conditions. The experts will also begin developing tools to test and adapt MRE technologies to the country’s unique natural conditions (seismic activity, rugged coastline, a particularly rich and diverse array of
A tidal lagoon being planned between Cardiff and Newport will be powerful enough to produce green electricity for every home in Wales for the next 120 years, it was announced today. Tidal Lagoon Power (TLP), the company behind the Swansea Bay tidal lagoon project, said the Cardiff to Newport tidal power plant will have an installed capacity of between 1,800 megawatts (MW) and 2,800 MW with an annual output of four terra watt hours (TWh) to 6 TWh. The project is one of a fleet of six tidal lagoons planned by TLP, including another four in Colwyn Bay, Bridgwater in Somerset and West Cumbria. Together they will deliver enough renewable energy to meet eight per cent of the UK’s total electricity requirement for the next century. Environmental Impact Assessment An Environmental Impact Assessment scoping report for Tidal Lagoon Cardiff will be submitted today, signalling the "starting gun" for the project, TLP said. It also confirmed that the Swansea Bay Tidal Lagoon, which is due to be completed in 2018 and is described as a "blueprint" for future tidal lagoons in the UK, will receive a planning decision by June 10 2015. Tidal lagoons are man-made enclosures, similar in appearance to harbours or marinas. Breakwater walls impound a body of sea water and separate it from the natural ebb and flow of the tides. Once the difference between the water levels inside and outside the lagoon is sufficient, sluice gates open allowing water to rush through the gaps and turn great turbines in the process. But although based on proven technologies, none to date have been built. Last year, a study undertaken by the Centre for Economic and Business Research, estimated a tidal lagoon infrastructure of the scale of the one planned by TLP could contribute as much as £27 billion over a 12 year period to the UK GDP. Another report, by Poyry, showed that tidal lagoons of the scale of the one proposed at Cardiff produce power at a cost comparable to nuclear and fossil fuel generation. "Full-scale tidal lagoon infrastructure gives the UK an opportunity to generate electricity from our amazing tidal range at a cost comparable to fossil fuel or nuclear generation. We have the best tidal resource in Europe and the second best worldwide. We now have a sustainable way to make the most of this natural advantage," Mark Shorrock, chief executive of TLP said. If built, Tidal Lagoon Cardiff could be operational by 2022. It will comprise of up to 90 turbines set within a 22 kilometre breakwater and able to generate power for approximately 14 hours a day. The project would be funded under the Government’s new Contracts for Difference renewable energy subsidy mechanism, which an estimated 'strike price’ set at £90-£95 for each megawatt hour produced by the project, TLP said. The company expects to submit a full planning application for Tidal Lagoon Cardiff in 2017, with a decision then expected in 2018.
PUBLISHED: April 1, 2015 07:30 Offshore wind farm fund nets £463m More than £460 million has been raised for the world's first dedicated offshore wind fund to invest in wind farms off the UK's coasts. The UK Green Investment Bank said £463 million in capital had been committed by investors including UK pension funds and a sovereign wealth fund in the first stage of fundraising for a planned £1 billion fund to invest in offshore wind farms. The Government-backed bank is also investing £200 million in the fund, which is managed by its subsidiary the UK Green Investment Bank Financial Services Ltd, and said that with fundraising continuing it expected to meet the £1 billion target. It has transferred its investments in two existing offshore wind farms into the fund, which will give investors an immediate cash yield. The two wind farms are Rhyl Flats off the coast of North Wales, with 25 turbines, and 88-turbine Sheringham Shoal, off the coast of Norfolk, which between them produce enough clean energy to power 305,000 homes. The fund, which has a pipeline of new investment opportunities in offshore wind farms, is the first raised by the Green Investment Bank, its first move into asset management and the first time it has managed private capital since its formation. The announcement comes at the end of the bank's financial year, in which it has committed £723 million to 22 green energy schemes, bringing the total number it has backed since it began operating in November 2012 to 46 projects with a total value of almost £7 billion. Read on http://www.shropshirestar.com/shropshire-business/city-news/2015/04/01/offshore-wind-farm-fund-nets-463m/
The European Bank is funding new projects in Poland. Director bought 900,000 shares possibly on the back of this news as it's dated around the same time, mid December 2014. Must be expecting something. hTTp://www.ebrd.com/news/2014/ebrd-cofinances-new-wind-farm-in-northern-poland.html
Britain in need of turbines twice as big as Big Ben claim energy experts BRITAIN should welcome “super” wind turbines more than double the height of Big Ben, says a wind industry task force. By JOHN CHAPMAN PUBLISHED: 00:01, Sat, Apr 4, 2015 16 Wind turbine GETTY The proposed 'super' turbines will be able to generate more energy due to its longer blades Councils should no longer concentrate on visual blight but take more heed of the need to meet climate change targets, it says. The new turbines would be up to 656ft from base to blade tip, compared with an average of 299ft for those built here last year. Taller turbines would take advantage of stronger wind at higher altitudes. The task force claims relaxing planning rules would help onshore wind to become “the most cost-effective new electricity source by 2020”. The average height of turbines in Britain has increased from 243ft in 2000 to 299ft last year. This study suggests making life easier for developers by preventing communities from objecting to ever-larger turbines. That is neither good engineering nor good politics. John Constable, director of the Renewable Energy Foundation Almost all planning authorities restrict the height to 410ft. The task force says height restrictions in Britain are barriers to efficient use of the latest technology. But John Constable, director of the Renewable Energy Foundation, said the report failed to take account of extra costs. He added: “This study suggests making life easier for developers by preventing communities from objecting to ever-larger turbines.
http://www.702.co.za/articles/2355/...mmercial-wave-power-station-a-solution-for-sa Listen to the audio in which Independent Energy Expert Ted Blom discusses this new technology. Could this be a solution to South Africa’s severe shortage of electricity?
Who's bought here. Watching.
Few buys here.
cbootle - 02 Apr 2015 - 11:25 - 602 of 602 - 0 I worked for the company, for ten years - hold it in high esteem, and bought shares at 1p at the time of the reverse takeover of KTS, then bought more as they got cheaper... Excellent news today. For me, the greater aspect is that it's a NEW customer, not an existing one buying more seats. Re license fees - they are negotiated on a client by client basis. It's impossible to guess, and I was not privy to any previous contracts. However, the lower end (1k per seat) sounds in the right ballpark IMO. But note this would be for a RALF (recurring annual licence fee) - forever. The company stated in its interim results recently: "-- Annual run-rate of recurring revenues at 31 December 2014 amount to GBP2.1 million (2013: GBP1.9 million) and cover 112% of the cost base. -- Net cash of GBP1,073,948 at 31 December 2014 (31 December 2013: GBP664,098)." Excelerator saves money by allowing banks and financial institutions to monitor and calculate financial data (especially their own!) without the cost of traditional terminals. Arcontech supplies a huge range of associated software on the server side for supporting the financial data distribution, contribution and calculations, so the potential for upsell is huge. Due diligence means it takes a long time for a financial institution to go with a supplier. Equally, dropping a supplier is rare too, a decision not taken lightly - though of course it happens. When they see the quality of the product, they are more likely to follow through with more seats and more infrastructure.
Yep ticked up.