Member Info for ifiknewidberich9

Have this one for free, INPEX making a move...........

Tue, Oct 22, 2024, 4:54 PM

The Minister of the Presidency of the Council of Ministers and Spokesperson in the Greater Sunrise discussions, Agio Pereira, met today, October 22, 2024, at the Government Palace, with representatives of the Japanese oil company INPEX, to continue the strategic dialogue on the development of the Greater Sunrise project and the development opportunities on the South Coast of Timor-Leste. In attendance were Chris Wilson, INPEX’s Executive Vice President of Operations, Yosuke Ueda, INPEX’s representative in Timor-Leste, and Brodie Ryota Sugai, Business Development Consultant.

This was the third meeting between Minister Agio Pereira and INPEX, following meetings held in Dili in June and in Darwin in July this year, with the aim of exploring possible partnerships in the development of energy infrastructure in Timor-Leste, including the potential of Greater Sunrise.

INPEX, which holds a 9.6% stake in the Bayu-Undan Joint Venture, officially opened its office in Timor-Leste last June, demonstrating its willingness to expand its activities in the region. Recognized as Japan’s largest oil and gas exploration and production company, INPEX has extensive experience in the global energy sector, with investments in several nations, including Indonesia and Australia.

During the meeting, INPEX presented proposals to support the development of Greater Sunrise, including solutions for gas transportation and distribution. These initiatives aim to promote energy and industrial development in Timor-Leste, creating new economic and employment opportunities for the population.

Minister Agio Pereira stressed the importance of maintaining these discussions and exploring all possibilities that will help Timor-Leste to make the most of its natural resources, in order to boost economic growth and job creation.

Since April, Wood Australia has been conducting a conceptual study on the development of the Greater Sunrise gas fields. The study aims to identify the best options for the development, processing and commercialisation of the extracted gas, with completion scheduled for the end of the year.

The Greater Sunrise gas fields are located approximately 140 km south of the coast of Timor-Leste. The consortium responsible for the development of the Greater Sunrise fields (Sunrise Joint Venture) is composed of TIMOR GAP, which holds 56.6%, Woodside, with 33.44%, and Osaka Gas Australia, with 10%.

The development of Greater Sunrise and the pipeline to the south coast of Timor-Leste are national priorities, essential to the future growth and economic development of the country. The Government will continue to evaluate the best strategies to develop the project, ensuring that it progresses in a sustainable manner and brings significant benefits to the nation and the region.

bieeeeeeeeeeeeeeeeeeeee

Oh here's another FACT based article for the hard of learning, 2023 worldwide, expand statistic button to see Zimbabwe way down the list, the Zimbabwe Herald article link earlier had Zimbabwe average price per carat ALL for 2023 $62, this one its $61.7

https://www.statista.com/statistics/964824/average-value-per-carat-diamonds-produced-worldwide-by-country/#:~:text=Global%20average%20value%20per%20carat%20of%20diamonds%20produced%20by%20country%202023&text=Namibia%20had%20the%20most%20expensive,U.S.%20dollars%20per%20carat%2C%20respectively.

Garbage on sales of Diamonds from anywhere other than Zimbabwe , worth used TP. Namibia $517 , is 8.4 times Zimbabwe rate for 2023, sales of its, South African , Botswanan IRRELEVANT to Vast.

and 😂🤣😂 to your last post ASI.........we go again tomorrow, fingers crossed, those promised revenue results, with some meat on the bones, revenues meaningless without context, just about keeping lights on ---- making nice profits.

As Dickens ......

Wilkins Micawber drops a gem about financial planning that has stood the test of time. “Annual income twenty pounds, annual expenditure nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty-pound ought and six, result misery.😉

That would do us nicely ASI, parcel and politics sorted, back to mining and an early 40-100 carat dug up (would perk up the market) , with lots of your pea gravel stuff (still worth ££££) covering costs at minimum.

So what did the 40c cost per carat, out of curiosity lol

Go ask De Beers they left due to the poor quality from their extensive search for Kimberlite/GEM grades. That is when AFCR (VAST) jumped on the ex De Beers claims, ACR finding a clutch of Diamonds immediately (the parcel) the Gov responded by stealing them and claiming the ACR licenses were illegal.......the rest is history.

Extract of a report back then, fyi does have in the article a single 100 carat Diamond that was found and displayed in New York , so like the Blue mentioned earlier (they do find an occasional Gem) As said it's always about being able to get back to find more, not the parcel itself, valued for Insurance at $18m (£15m) , stolen 2006 , first court session award 2010.

As the political and economic situation deteriorated everything else began to collapse including utilities and essential services and with little funding available to Government Departments including GSZ – these too became dysfunctional. By 2005 very little exploration was being carried out with just a few veterans such as Kimberlitic Searches (De Beers Zimbabwe Prospecting) still exploring for diamonds. Interestingly Kimberlitic Searches still held a Diamond EPO at Marange but as the target of their exploration was gem diamonds in kimberlite the significance of the low quality “alluvial” diamonds (boart) they had located in the area was overlooked. In the abandonment report submitted in July 2006, De Beers concluded that the exceptionally poor quality of the diamonds together with limited extent of conglomerates makes this occurrence of no interest to them. AFCR (now vast) which did recognise the potential of the deposit immediately pegged and was granted mining claims at Marange-Chiadzwa and commenced detailed sampling over portions of interest.

Marange known for 6 colours of Diamonds historically, 99% dark/industrial, a nice BLUE one found last year, did not catch what it fetched but it alone had a reserve of $12-15m.

That's why for Vast getting back to mining in Zimbabwe , has always been far more important, than the parcel, what could be found on large scale exploration.........

Until the CEO, who said last year worth around £15m , says so in an RNA message update (GNW/rns wire) to the contrary , I will stick with his valuation, not a gazillion GUESSWORK bb clueless Guru prices.

They are Zimbabwe diamonds, the VAST Majority of which are INDUSTRIAL not GEM do some of that DYOR you tell all to do

Hopefully but without AP's usual absence of revenues, minus costs, bottom line, keeping lights on or making headway to profits etc, without it revenues mean SQUAT

🤞🤞🤞🤞🤞🤞

👍

Https://www.herald.co.zw/zimbabwe-holds-7th-rank-in-global-rough-diamond-production/

2023 Production ave price per carat Zimbabwe $62 , Namibia $517, FACTS not a gazillion percent GUESSWORK.....

As asi responded to that one erarlier, a SALE from WHERE and of what grade, certainly not Zimbabwe or Industrial grade. Fantasy prices.

so have all the dubai zimbabwe diamond sales recently when zcdc switched to them, also rough, prices as published , never prices as pulled out of ones **** are real.

as for ag, it was president mnangagwa who ordered the no challenge, return of diamonds to (afcr/vast) alongside many other legacy court cases, in his speech , said they shone a poor light on zimbabwe for foreign investment.

backed by the president and the high court but here we are 20 months later, still awaiting that elusive handover.

repeat, hope the ag has more success and parcel or cash compensation, land in ap's hands soon......glalth.

Would appear to be LOWER for Industrial Diamonds , the 2010 valuation is much higher than the AVE per carat Zimbabwe got for its 2023 total sales ave $62 pc. or the recent Dubai sale.

As you said, also the TIA factor (corruption/rip off) , of what Zimbabwe really want, to end the long running process, can be sure they will be scratching their own backs, not AP's 🙄

Guess not, falling back again 🙄

Hope the AG has more luck than the High Court, awarded Diamonds back 2010, Ministry NO we appeal, High Court again awarded 2023, Ministry under orders from the President NO Challenge (not the only court case given this order), AP flew over , RBZ would not release, until a full process was completed ( over a year now).

So every day, a day closer but nothing certain, until the day AP puts out the mother of all RNA messages (GNW/rns wire) stating he has them in his sticky little mitt/or received CASH Compensation. GLALTH.

Tickety do dah

Tickety yeah

Could this be Neo's

BIG breakout day ?

As posted the other day, the Zimbabwe Minister bemoaned a Dubai sale, came out with an ave of $75 per carat for the auction but he was expecting $100-$105 for that particular auction. As ASI (trade knowledge) has said many times, we are talking Industrial , not GEM quality diamonds, also called it , our parcel would look like a 25kg bag of pea gravel.

👍

Here's a production list for 2023 , Zimbabwe ave per carat $62 , Namibia ave per carat £517

https://www.herald.co.zw/zimbabwe-holds-7th-rank-in-global-rough-diamond-production/

2010 Court case parcel valued by London Diamond dealers at $18m / £15m

2023 AP after another share price drop "Diamonds NOW worth more than our Market Value" that day curiously enough, Vast had just dipped below an MC of £15m

Then take off 20% Zimbabwe taxes , cleaning/polishing , auction fees etc, AP will do brilliantly to bring home £10m, more than enough to pay of the debt and fund Vast's growing portfolio of assets, moving forwards. GLALTH.

Much better volume on Friday and these two , delayed prints after close

11-Oct-24 15:27:53 1.2351 2,500,000 £30.88k

11-Oct-24 14:05:32 1.1752 12,100,000 £ 142.20k

Not bothered if buys or sells, overhang clearing or big buyer joining in, good either way........glalth