Member Info for Helpful

On the contrary, I mainly post information and links along with some analysis.

Anyway, PQE watch this space...…

In the meantime, your agenda runs up against facts:

1. PQE has restarted production and I know someone who has physically been over there and inspected the producing plant.
2. Valkor has added the PQE technology/engineering solution to its product line.
3. Valkor has committed to funding a plant (of its own) for up to $20mil by December 2020.
4. QEM ASX has stated that that it has successfully completed phase 1 and phase 2 trials with PQE and is going to move to a bulk trial.
5. PQE has stated it is in similar discussions with other parties (plural).

What we now need from PQE is volume production, sustained production and with to specification outputs. Then they need concentrate on maximising revenue and minimising costs.

Don't worry, I will let you know when the next update is out.

DYOR

I did say that you shouldn't look for advice on here. The most you can do is collect information and make your own judgement.

Yep I am quite happy about that. I would like it if people kept to discussing the assets and the way forward rather than this constant character assassination.

100%

Well, it says.. please note I didn't write this and I have no way accessing the source material:

Wessex Basin
Colter NPV10 £157mil Purbeck £60mil. Multiple targets in the licenses.
Farm-out discussions in hand.

Seriously DYOR

There is a Corallian presentation doing the rounds: I am told that it is not inside information or confidential. It is worth a read if you can get a copy. What they have to say on the Wessex Basin is pertinent.

How about they sell do a JV on Migori once they have the license back? That will release cash.

How about the bring in a partner to monetise DRC?

How about the share price rises and the CLNs convert?

We are on the last leg of getting the license(s) back on Migori. If any of you ever did any research you would understand what the MRB recommendation means.....

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRR/14232628.html

Red Rock is pleased to note the approval for the grant of licenses by the Mining Rights Board (MRB) on the mining cadastre website. Upon receipt of official confirmation of intended grant, the Company will be invited to fulfil fee payment and registration requirements. The grant of the licences remains subject to the approval of the Cabinet Secretary and a further announcement will be made as and when the licences are confirmed.

That the MRB has made the recommendation is the big step forward. We could have the licenses back any day.

DYOR

In my view Colter is worth a lot of money but it is more complex than previously thought. The new licenses make a difference: part of Colter South was not in the earlier licenses.

The issue is how to monetise all of the assets in the licenses efficiently. They will be arguing backwards and forwards about what to do, in what order and how to execute.

This is the best demonstration of value at Colter and the Wessex Basin licenses: money on the table...

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RBD/14169508.html

Corallian increases its interest in licences in the Wessex Basin, including Colter South

A portion of the net proceeds from the Round 6 Fundraise have been utilised by Corallian to acquire Corfe Energy Limited's ("Corfe") interests in licences in which they were a JV partner with Corallian. Such interests comprise four licences in the Wessex Basin, which includes the licence containing Colter South, and the Inner Moray Firth, including three new licences offered in these areas in the 31st Licensing Round. The Pmean Prospective Resources attributable to Corfe's interests are 10 mmboe* in the Inner Moray Firth and 6 mmboe* in the Wessex Basin. Following this transaction, which completed this week, Corallian's interest in the Wessex Basin JV licences increases to 74 per cent. and in the Inner Moray Firth JV licences to 45 per cent.

So it looks like Corallian calls all the shots in the Wessex Basin. Until they make an announcement nobody else can say much. My understanding was that Corallian picking up Corfe's position in the Wessex Basin licenses did not go down well with the other partners.

Sometimes the dominant partner/operator in these JVs uses their positions to manipulate the JVs affairs to their advantage. If Corallian has gone to 74%, it would make sense that it would like to go to 100%.

DYOR

https://twitter.com/zenithenergyltd/status/1184039847599759360?s=19

Yeah, you know so much that you think I eat donuts rather than nut bars. Anyway, keep listening to your little friend.

Next you will be going on about my urge for super size steaks.

Admin,

you might want to have a look at his poster's posts. He seems to be at risk of doing himself an injury.

Why don't you go and bother someone else?

Whether you like it or not AOGL has a holding in PQE and it matters what is happening at PQE.

And I wouldn't believe all the rumours you hear from your little friend.

As to being remunerated, there is only one person I know of who has been remunerated and it wasn't me.

DYOR

Presumably, boggy is less of an issue in the Winter?

I think you will find that Ben is a lot closer to PQE than anyone else on here. I suspect that he is right in expecting an announcement.

They have already stated that they have restarted production: now we need them to confirm the volume of production and that it is stable and to specification. Not likely to be an announcement today because TSX is closed. Fingers crossed we get something tomorrow or Wednesday.

DYOR

https://twitter.com/Boardo65/status/1183663521386516480?s=19

https://uk.mobile.reuters.com/article/amp/idUKL3N26Z0EZ?__twitter_impression=true

https://amp.ft.com/content/ade02c22-ec0a-11e9-a240-3b065ef5fc55?__twitter_impression=true

https://twitter.com/BGPTRADING/status/1183295158806286341?s=19

Well, well.
Looks like they are going to confirm stabilised production....

https://twitter.com/BGPTRADING/status/1183292866132697088?s=19

https://twitter.com/Share_Talk/status/1182979595940892672?s=19

Strange comment. I have no idea about the truth behind what is going on at PFP but a lot of people seem very worried.

FYI I prefer nut bars.