Member Info for Grolly617

50-60p is surely the absolute maximum that this will ever get to ? Realistically from where it is now 30-35p is surely the highest one can reasonably expect it to reach ? There are lithium finds all the time (Ukraine and China both been in the news the last couple of days) lithium prices have settled and I don’t see any cause for them to rocket again. Each to their own but if this gets to c30p I will definitely be out.

This isn’t new though so shouldn’t affect the price 🤞🏼

It’s still obviously fairly risky but you have to decide yourself -

Will the chevron deal get done ?

Will there be a farm in for Off 3 ?

Will there be oil found in any of the blocks ?

Yes’s you’ll make a lot of money, no’s then you’ll lose whatever you have left

Yeah it’s good he’s tempering expectations. If the parliament has been closed down for 6 weeks a small lithium mine is going to be a few weeks down on the agenda.

Sympathy from Rio Tinto bidding on Arcadium ?

Https://www.chevron.com/-/media/chevron/stories/documents/1Q24-earnings-press-release.pdf

Page 2, 3rd paragraph from the bottom.

Who knows if the deal will happen or not but it’s in Chevron’s own filings so it’s not like it’s a fantasy from the CEG board. These things take time.

Think it was in the Rns, q2 2024

This deal is supposed to be done this quarter, getting on for halfway through, anyone seen or heard anything ?

Production is a long way off but between now and then there are various milestones that could boost the price. Deal with chevron gets signed and ratified by the Uruguayan govt, off 3 farm in deal signed with someone and thereafter they find Oil/gas and start producing. Obviously if these things don’t happen then it’s a total loss. Pay your money take your chance but most importantly don’t base any investment on anything said by people on this board as none of us know anymore than the next man.

All positive comments from the Ghanaian’s, about £15k on the school projects

Https://www.pemedianetwork.com/petroleum-economist/articles/upstream/2024/namibia-s-success-boosts-other-frontiers/

It’s a total drop in the ocean be it a buy or a sell, 8 mil on a near 11bn float

Don’t disagree with what you’re saying as such but why is it ‘clear’ that it won’t be done until sep/oct ? Thanks

All very tragic but what investors need to remember is there’s intrinsic risk in these ventures, nothing is guaranteed and losses generally don’t come through any nefarious practices, things just don’t always work out. If you’re going to be bitter about your losses, AIM is not for you.

This board is very hair trigger on the statements, some others I’m in release nothing, both frustrating in their own ways.

True but they’re also in the exploration business whereas an off take partner wants to ensure that what they want can be delivered

An off take partner surely wants the ratification first ? It’s a tricky one

How did you come to the $100 mil figure ?

Https://www.chevron.com/-/media/chevron/stories/documents/1Q24-earnings-press-release.pdf Towards the bottom of page 2, ‘subject to customary conditions’