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https://twitter.com/andrew007uk/status/1072793419280375808?s=21
RuSirius - To be fair I think Chris Fraser has done a pretty damn good job. News drop any day which will propel the SP upwards to where it belongs.
Happy to buy at these levels considering the risk/reward.
“According to a recent FinnCap research analyst note, CyanConnode has the opportunity to generate £2.2bn of revenues from their existing markets, with an associated gross profit of £1.4bn. “This market will be worth billions in a few years,” claims Cronin. “We are at the start of a very large wave of both smart metering and IoT deployments.”
Our CEO doesn’t mess about!!!
Rockfire Resources PLC Option to acquire a high-potential copper project
Source: UK Regulatory (RNS & others)
TIDMROCK
RNS Number : 5096I
Rockfire Resources PLC
26 November 2018
This announcement contains inside information
26 November 2018
Rockfire Resources plc
("ROCK" or "the Company")
Option to acquire a high-potential copper project
Rockfire Resources plc (LON: ROCK), the Queensland copper and gold-focused resource company, is pleased to announce that it has entered into an option to acquire the Copper Dome Porphyry Copper Project in Central Queensland ("Copper Dome"), (the "Option"). Under its historical name of "Mt Leslie", Copper Dome is listed in the "Global Mineral Resource Assessment", published in 2010 by the US Geological Survey and, in the event the Option is exercised, would potentially add material value to Rockfire's porphyry copper portfolio.
-- Copper Dome is a large-scale mineralised system only 50km from Copperhead. The surface expression of the copper mineralisation is over 2km long and 1km wide and the prospect is vastly under-explored;
-- Previous diamond drilling in 1972 intersected;
Ø 15.24m @ 0.88 % Cu (including 4.58m @ 2.28 % Cu) from 161m downhole depth
Ø 12.20m @ 0.61 % Cu (including 3.05m @ 1.24 % Cu) from 54m downhole depth
Ø 24.38m @ 0.27 % Cu (including 7.4m @ 0.43% Cu) from 225m downhole depth
Ø Percussion hole PH001 - 38m @ 0.13 % Cu (from 17m downhole depth)
-- Diamond hole QML004 - 51.20m @ 0.20 g/t gold (from 72m downhole depth)
-- Many intervals of visible copper mineralisation remain un-assayed for copper and gold;
-- Only sporadic gold analysis has been done, with gold peaking at 1.86 g/t Au in drilling;
-- The mineralisation outcrops at surface, providing low-cost, near-surface exploration, resulting in lower anticipated exploration costs.
-- Should the acquisition complete, Rockfire would have 100% ownership of Copper Dome.
Chief Executive Officer of Rockfire, David Price commented:
"The acquisition of Copper Dome would be a tremendous fit with Rockfire's existing portfolio of porphyry copper prospects and I view this as a potential strategic platform for future growth. Copper Dome provides opportunity to secure a project similar in many ways to Copperhead, with intervals of high-grade copper within a much broader envelope of copper mineralisation."
"What I particularly like about Copper Dome is its close proximity to Copperhead and to Australia's largest copper refinery near Bowen, approximately 250km to the north. Previous drilling and analysis indicates that mineralisation starts at surface and has been traced to at least 250m below surface. All of the previous drilling is vertical, which opens up opportunity that mineralisation hosted within vertical to sub-vertical fracture/vein networks may have been missed by previous explorers."
"Rockfire's
There is "no realistic prospect" of the government meeting its own deadline to install smart meters, according to the National Audit Office (NAO).
The public accounts watchdog has joined a chorus of voices - including a group of MPs and Citizens Advice - which say the target is impossible to reach.
Every home in Britain is supposed to have a smart meter - which avoids the need for customer readings - by 2020.
However the government has insisted that it will meet its commitment.
The NAO also said that nearly one million smart meters are no longer working properly, and that the coldest parts of Britain have the fewest meters.
■ 'Deadline requires 30 meters a minute'
■ Deadine 'should be extended'
To meet the deadline, installers will need to replace 39 million old meters within the next two years, according to the NAO.
In comparison, just 12 million meters have been replaced over the last six years.
Earlier this week the consumer group Which? said that the industry would need to install 30 meters every minute over the next two years to meet the target.
It is currently installing fewer than ten, it said.
Is it possible to do?
The government said that 400,000 meters were being installed every month, and the target was achievable.
"Millions have already chosen to have a smart meter and take control of their energy use to cut their bills," said energy minister Claire Perry.
"We've said everyone will be offered a smart meter by the end of 2020 to reap these benefits and we will meet that commitment."
Energy UK, which represents the firms installing the meters, told the BBC it would not speculate on the feasibility of hitting the deadline.
Why are smart meters so important?
Smart meters are designed to save consumers money, as it is said that they encourage householders to use less power. Because they can be read remotely, the costs to industry are also lower.
They also enable consumers to use cheaper tariffs, by using power in the evening or on week-ends.
Four years ago the Department for Business, Energy and Industrial Strategy estimated that they would save consumers about £26 a year.
However, the NAO says the increasing cost of installing them will now save consumers less than £11 annually.
That follows a similar estimate made by a group of MPs in the summer.
In any case, the NAO says the government is failing to monitor what savings households are actually making.
How many have stopped working?
The first generation of smart meters do not necessarily continue working if a customer switches supplier.
About 70% of them "go dumb", according to the NAO.
The second generation is designed to be more flexible, but only 109,000 such meters have been installed.
The NAO says 943,000 first generation meters have now stopped working to their full capacity, because of a change of supplier.
What other problems does the NAO highlight?
The NAO says the functionality of smart meters still needs improvement. It says they don't work i
Good luck with that Causal, you may be disappointed LOL
Fantastic news.
SL 23:19
Utter tosh
Sirius Minerals has launched its new park and ride scheme for workers at Woodsmith Mine which is currently under construction near Sneaton. The new facility, located next to Whitby’s existing park and ride, will provide an additional 187 spaces. The new facility is located next to Whitbys existing park and ride Local contractor, Esk Valley Coaches, will be providing the bus service to take the workers to the site. The new facility will help to reduce the number of cars using the local roads to travel to the site, in line with the company’s commitment to minimise the environmental impact of the mine. Matt Parsons from Sirius Minerals, said: “We are really pleased with the progress we are making at the Woodsmith site. "It’s great to get the park and ride up and running and to further demonstrate our commitment to minimising vehicle movements.” Esk Valley Coaches will provide a bus service for Sirius workers Keith Simpson, company director for Esk Valley Coaches, said: “We’re delighted to have been asked to deliver the park and ride service for Sirius. "The contract has given us the opportunity to expand our fleet and to recruit new drivers.”
Read more at: https://www.whitbygazette.co.uk/news/sirius-minerals-launch-park-and-ride-service-to-mine-1-9382259
Casapinos. Indeed but once you’ve bought the house you are able to access the attic, the contents of which are worth many many multiples of the mortgage. Also half of your mortgage is guaranteed.
The ability C.F. has when it comes to raising significant levels of finance is not in doubt.
Stand firm and patience will out.
GLA. not long to go.
Knocking on heavens
“38p was before 600mln increase in costs and leak.”
There is no leak.
Good luck to any newcomers here. You will wait until the next set of results expecting to see good revenue but will be disappointed. Never mind there's always the year after...and the year after...
No disrespect but Randeep (or any other CEO for that matter) shouldn't need to be asking punters for advice on marketing. He's full of bullsht.
Will this go? Over 2 weeks til AGM. 6p gone. 5p next.
Will this go before an update? 6p...5p...?
Jamesiecakes with a little bit of subterfuge it is actually possible to make friends and communicate with some of the ex GDL India workers.
fair enough. there's no denying the company has potential and should be a lot further forward than it is. all will be revealed at agm as to current state of play.watching with interest and may dip my toe in again if the price is right.