Member Info for Helpful

From 2015.

Since then the company settled with the Government and is going through the process of having a license reissued under the Kenyan Mining Act 2016.

All licenses in Kenya had to be reissued under the 2016 Act including RRR's. Mid Migori is no longer part of the picture we bought them out.

The license will hopefully be issued shortly. As with all these things, many a slip twixt cup and lip.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RRR/13836460.html

At liberty to apply for the license.

DYOR

Well it may be that my completely groundless speculation is right then!

DYOR

https://www.asx.com.au/asxpdf/20190611/pdf/445qwpc3v3mw08.pdf

The program consisted of five 4C (four inch) core drill holes and the recovered core will be used to advance processing studies intended to optimise the extraction of vanadium and potentially hydrocarbons

QEM expects that the final drilling data results after assays, will be completed by July 2019, with the objective of upgrading its globally significant JORC (2012) Inferred Resource of 1,700 Mt @ 0.34% V2O5 over the coming months

DYOR

I am not sure if people on here know about QEM but last December they put in the public domain that they had completed initial trials with PQE on using its technology on its Vanadium resource in Australia. PQE did not comment.

The resource is an oil sand/shale with Vanadium in it. To get at the Vanadium, QEM needs to find a way of removing the oil efficiently and cost effectively. The sand/shale will then be processed to extract the vanadium. The operational parameters will be more tolerant than at Asphalt Ridge.

QEM said that the initial trial was successful and that they were proceeding to the second stage with PQE. In the meantime QEM has acquired more seismic and completed some drilling to firm up on the resource.

In the last two sessions, QEM has moved up, substantially. I have no position in it, all cash is tied up elsewhere. I suspect the buying is because someone believes that QEM has a route to monetise the resource and, in my view, it is likely that route involves PQE.

QEM has made no announcements about any trials with any other parties.

Dots and pencil etc.

PQE and QEM announcing some sort of deal would be good for AOGL.

DYOR

Expertise

It is not a ramp it is factual as you have just confirmed.

Wrap it up how you like but there is a disconnect between the market capitalisation and the break up value of the company.

It is something that happens all the time with listed companies: so much so that some private equity companies have a business model to exploit it.

Either the value will out here or RRR will get wound up.

DYOR

According to Bloomberg Para is currently up 7.14%

The market seems to like the latest update.

Fingers crossed. I very nearly sold mine a couple of weeks back when it hit 60c: hindsight and all that good stuff.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ABM&ArticleCode=0i13jcdh&ArticleHeadline=Change_of_Name

Anyone who wanted to ask a question last time could do so.

The market seems to like the update: up 7.14% at the moment.
Maybe something to do with the gold price...

https://goldprice.org/

Heading back to $60.

Mr Wood will be pleased. It means we will be getting around $62 a barrel on sales from Austin at the moment: hugely profitable for us.

Bought some. Looks like people haven't read the RNS properly: it is not death spiral funding.

https://mailchi.mp/f3b0e2a37200/10wc5u22ur-1447393

I can't see why that would be of any interest to PQE.

They want to keep their story clean and straightforward. What they need is to get the plant producing consistently at volume and then licensing/JV agreements. They don't need any more acreage either: what is the point of holding leases holding oil in place that will take them 300 years to produce?

No one is going to press the button on the JVs until they show that this plant can do what it says on the tin.

DYOR

WTI up 3%

The Magic Wand isn't as magic as it might be but it all helps.

Since you ask so nicely I will magic WTI up to $65, immediately.

https://www.share-talk.com/african-battery-metals-plc-lonabm-investment-and-option-agreement-with-katoro-gold-2/?utm_source=twitter&utm_medium&utm_campaign

https://twitter.com/TIMMMMMBO/status/1141159688710397953

https://twitter.com/GameTheory1984/status/1140939229553258496

https://twitter.com/RRR_RedRock/status/1141346912681021440

Nothing to see here, just move along please.

DYOR

Just read this. So as thought, it looks like the front end grinders and augers were to address the centrifuges getting blocked with higher volume throughput.

The grinders were to make the particles smaller on entering the system and the augurs to move the output (a bit like an Archimedian Screw). What I can't see is why they would put that video out and make a fuss about it if you don't know that the upgrades are working. The video implies that the plant is up and running but the RNS says not.

Does this mean that they are implementing more upgrades over and above the front end grinders, augurs and up-rated boiler?

Sealock looks to have let us down here. I understand he has been living and sleeping on site for the last three months.

DYOR

PS I can't see that they would put this RNS out unless NASDAQ was close.It is like a cleansing RNS.