Member Info for hallmark

this was well overcooked due to podcast promotion. Pick a small illiquid company, buy, ramp, reap rewards.
europa oil and gas valued at £10mn have production already, reserves etc. plus an asset next to corrib like PRD but instead of 215bcf like PRD have..... EOG asset adjacent to corrib is 2.5tcf.and 100% owned. EOG been trying to farm down for donkeys btw. For clarity i dont hold eog

in the last vox podcast jeremy said august

Getech doing the seismic reprocessing

i hold IVZ. and this structure is a monster 220km closure. 3.1tcf gas and 240mmbo RECOVERABLE. dont need to thank me for the heads up IVZ Mcap is a meager £10mn. 100 bagger

https://hotcopper.com.au/threads/ann-invictus-energy-agreement-on-data-seismic-reprocessing.4345728/?post_id=34790955#.W2rmnyhKiHs

except they will be reporting r1 and r2 pay zones within 3 weeks

I hold here but this is surely whats holing it back?

funding depends on "An additional US$20 million to US$33 million of funding from ShoreCan" so COPL need to find 50% of $20mn? so a placing is needed to raise the dough

Buy and hold into the known reservoirs.

RBD have delivered 4.7mmbo 2c plus upside at oulton. 5mmbo net at colter and signifcant exploration at wick for effectively �2.5mn. Thats �2.5mn outlay for net MPV of Oulton �44mn colter �43mn Wick ? �40mn lets say. so turned acquired a portfolio worth net �127mn for �2.5mn. I think they know what they are doing. The market just waiting for confirmation of drill results. As for the SP well the above figures point to considerable upside parta to add a few pence as well. and what else are they cooking up? Could easily see 5p on colter as the market starts to realise the strategy

Think Roger needs to check out celsius resources world class cobalt discovery in Namibia. Clearly there is a safe alternative to the DRC with scale! interestingly another asx listed junior capped at �6mn called cazaly resources has acquired the licenses next door to celsius which look very promising. in soil co-cu anomolies suggest the DOF that is the source of the cobalt for celsius runs into CAZ acreage.

development today. the MD came in on the back of potential scale of the project and now a tech bod who knows what lies beneath is on board too. Joining the dots here.........

whats the funding route on the development chaps? debt?

Trading halt. 10 mins to news. No idea what it is tho

recovery here. i first bought just after the placing last year for 16.5p. averaged down at 8.69p. so from some pain (50% down at one point) i'm back in profit. Phew. the fall was a deserate seller, the rise a desperate buyer. funny old world AIM.

did growler. not been in here since nimrod when i bailed about an hour before the rns. been through some personal crap which saw me need to leave the markets for a while until last year

enough volume for a leak either way imo.

read rns from the 26th march This is also a question put to Peter Bird the other night. Said they have a good relationship with the gov. hence the great deal on relinquishments. also talking to local jv'ers which will be a positive in gov eyes if jv happens. contract of work has been around for 30 years Peter said and whilst this is not uncommon in mining terms there is a shared passion to see the earthling of the potential.

However I did get to meet peter bird at a small meeting in brum and as I consider myself fairly clued up on what’s going on I’ll just sunnise the stand out point for me. The scale. And it’s true. Can’t thibk of any other juniors with the scale, assets, board and potential. Also bag loads of data. Once bkm is cash gernative this will I turn fund numerous follow ups. It’s a buy all day

- Define expansion potential - Establish porphyry and Skarn linkages; drill deeper to establish extent (deepest drilling to date c 500m , go deeper to 600-700m + laterally) - Enable metallurgical test work to establish whether the upper strata is amenable to heap, leach. Following this, a scoping study is likely H1 2019. Due to the scale of Beutong (6-8x BKM), a BFS will take 3 years on the full project but if upper strata is heap leachable, they may consider a smaller scale starter mine on similar lines to BKM. Potential after scoping study to introduce a major JV partner to develop out to mine start 2024-25 (my thoughts, not Peter’s). Strategy to go to 80% ownership and demonstrate the size and mine ability of Beutong to optimise development options/value. Beutong infra-structure is, by luck, excellent – this will be significantly beneficial to project economics. GENERAL Progress drilling /resource definition to establish further adjacent or satellite mine development potential but prioritize BKM/BKZ/Beutong. They have lots to do at KSK/Baroi in the next 2 years that will run parallel to the above so expect constant news flow. Peter re-emphasised a systematic long term approach with the BOD and shareholder interests aligned. The BOD see this as a medium-long term systematic development of a world class asset portfolio; noting that ARS Cu grades are typically 50% better than industry average – TOP TIER ASSETS/GRADES. They recognise that at c. £100 million market cap, they are seen as a micro player in the mining space; approach is to build the company to mid-tier status over time. MACRO PICTURE Peter emphasised in the presentation and on the mining discussion panel that the world has seen a 2% compounded demand increase for copper since the 1950’s. This means 400,000 tonnes per annum has to be added to the supply side to keep up with demand. The supply side is inelastic due to the time required (8-10 years) to bring a new mine into production. Due to the commodities down turn 2010-16, there has been very little sector investment and very few copper mines are coming on line in the next 2 years. Copper prices are likely to remain strong for the foreseeable future (next 2-3 years). Assets, timing, done it before…… AIMHO, DYOR, NAI

INTRODUCTION I had the pleasure of talking with Peter Bird for about 20 minutes at the UK Investor show yesterday. I also attended the Asiamet break out room presentation. Peter came across as a really professional and immensely likeable person. I also spoke briefly with Sasha, their PR guy. I prepared some notes after the above and provide them here to share on the Board. Tony and Peter are adopting a strategic and systematic approach. Essentially the asset portfolio is of such scale, they could drill for the next 20 years! The issue is how to deal with this and this was seen by the previous owners Freeport where they spent several years and $30 million ‘scattergun’ drilling, albeit identifying Beutong! So, a systematic and proven approach wrapped up in a 10 year vision/plan. They want to ‘walk before they can run’; develop BKM as a mine first (to demonstrate to the market, project development/execution capability) whilst bringing the other assets systematically up the value curve. BKM in production will provide revenues to fund broader asset development. BKM They know there is deeper copper at BKM/BKZ and a possible porphyry but the plan has been to develop a manageable project to start with that will be expanded as mining progresses using cash flow. BKM finance is being discussed but won’t be published parallel to the BFS. The complexity around structuring the best deal for shareholders means a blend of giving some of the project to a partner, with debt and equity mix to minimise dilution but no take on too much debt. The paperwork and agreements involved were cited as involved and tedious (solicitors/banks etc.) and mean finance completion will likely occur Q4. Essentially, they are likely to give some of BKM away at a project level to optimise debt burden/minimise dilution. Peter stated around 15 months for mine build. Rainfall isn’t an issue and a large part of the BFS incorporates hydrology designs for run off ponds. First production therefore c. Q1/2 2020. The BFS will likely have similar metrics to the PEA. It was stressed production cost at $1.50 v $3.25 sale price is a very good business metric! Any Cu price increase goes straight to the bottom line. BKM infra –structure is excellent and beneficial to project economics. BKM, whilst the most advance, will be a ‘sideshow’ to Beutong. KSK The ‘heat map’ around BKM /BKS provides a ‘tenor’ for further large copper deposits…. Look at the colours and what does it tell you…… BEUTONG The remainder of 2018 is about drilling to: - Grow the resource - Improve JORC certainty on the inferred element of the current resource - Define expansion potential - Establish p