Member Info for JAllis

ED has options at 20p, Xiwang funding package (which we await signoff for) is for equity at 20p, broker targets are averaging around the 50p mark, CFO said based just on reserves the mc should be around the $130m mark, the loan notes convert at 30p per share.

Whichever way you look at it this company is severely undervalued. $150m funding package signoff once legal agreements are signed and political risk insurance policy in place will be the catalyst for the rerate.

Exec Director and acting CEO owns 45% of the company, has put money in as recently as December at 5.25p and has most of his options at 20p per share - fully incentivised to get the $150M funding package over the line and the see the share price re-rate.

Excellent news, Moody's today upgrades Kyrgyzstan credit rating to stable - 'the change to a stable outlook reflects Moody’s assessment that the balance of risks has returned to stable.'

This will improve prospects for a competitive Political Risk Insurance policy that is required as a condition to finalising the Xiwang funding package.

Further to the previous post, with the increase of the price of Gold from $1,990 to $2,400 since this deal was first announced back in May 223 equalling an additional $400m from the Tulkubash asset alone, this $150M funding package from Xiwang has literally paid for itself almost 3 times over.

CGH hit 16p last year when the funding package was announced. The deal is so much closer to completion now since then. The latest RNS indicates it is paperwork items remaining i.e. the insurance policy and the legals - with all the relevant approvals and contracts (PowrChina etc) now in place. The comment regarding working with PowerChina to commence construction activities within a short time frame is also highly positive. Given the expected finalisation for this deal was in Q1'24 signoff would now seem to be imminent once these paperwork items are in place.

CGH hit 16p when the deal was first announced in May last year. Gold was then trading at $1,990 per oz. It has risen to $2,420 per oz since then. Tulkubash has 1m oz, thats an additional $400M this deal is now worth to Xiwang.

AISC for Tulkubash is c$1-1,100 per oz. That's $1,300 per oz PROFIT. Thats $1 billion in profit alone just for Tulkubash. Kyzyltash is 5x bigger than Tulkubash! Market cap of CGH is £29M. No wonder the CFO is saying this is undervalued and should be about 4x current price with where CGH is now. Average price target across 3 different brokers is 52p.

Company has circa $0.8M as at end March '24 plus access to $3M in working capital funding to see them through to sign off of the $150M deal

Fantastic RNS on Friday afternoon. CGH has 6.4M oz of Gold across it's two main assets; Tulkubash - 1m oz at 0.87g/t and Kyzyltash - 5.4m oz @ 3.8g/t - plus more in 'satellite deposits'.

Original financing package announced May '23 was for a $250M cash injection via equity issuance at 20p per share. for 60% of the entire company. Funding has since been revised to $150M but, importantly, is now 60% for the Tulkubash asset ONLY i.e. $150M for 1M oz at 0.87g/t. Partnership discussions on the Kyzyltash project continue implying signoff for that asset will be separate and CHG sees that as worth more than the $100M given the baseline used for the Tulkubash.

Tulkubash alone generates circa $133M a year PROFIT at current gold prices. Market cap of the company is £28M. Go figure. No wonder Xiwang is prepared to pump $150M into this for 60%.

I mentioned on here previously how this is misleading drill as there is no known Helium encountered in this will. Responders argued that there is Helium in the soil samples, I pointed out this means nothing as HE1 had a similar situation on their first drill and that was a dud.

Today we see another example over at Chariot of a well that had strong indications of the target element at surface/within the well but was still a dud. I repeat this is not a an appraisal well and shows at surface do not mean it will not be a dud.

"Whilst the results of the Gaufrette well did not deliver a material gas accumulation, the presence of strong gas shows and excellent reservoir development is encouraging for future exploration in this area. We are looking forward to now drilling the Dartois well targeting a different reservoir system and trapping style to the Gaufrette prospect, with success potentially unlocking combined Best Estimate recoverable prospective resources of 20 Bcf on trend."

I see STX is getting the pump again across certain quarters. All are pointing to sales, fcf etc etc but none seem to be highlighting the elephant in the room of the demanding SWK targets which is missed mean a capital raise at 2x the amount missed

Shameless rampers. There was no bid for Merjan now they're pushing the 'bid for al anz' line.

If anyone is fool enough to fall for them in the light of all available data that shows its extreme low likelihood then they really should not be trading

Did say there was no bid from PET. Hope nobody fell for the ramping. This will likely open down on Monday.

"Middle Euphrates fields in central Iraq received one bid from China’s ZPEC. It offered 11.67 per cent share of net profit, which was higher than the 9.35 per cent share the oil ministry was willing to pay. Afterward, the company accepted the 9.35 per cent share offered by the ministry.

It is a cluster of three fields – Kifl, West Kifl and Merjan – shared by the provinces of Najaf and Karbala. The fields hold both oil and gas reserves."

https://www.thenationalnews.com/business/energy/2024/05/11/iraq-opens-gas-and-oil-reserves-for-development-as-it-seeks-to-boost-revenues/

Bid and offer both dropping, still a lot of sellers in from the 10p levels exiting with a profit, not to mention all the pre-ipo seed money sat on huge gains looking to derisk before spud

Expecting a at some point tomorrow as the hot money traders that got in for the rise leading up to the anticipated news on Monday exit beforehand

Actually hence the EXPLORATION for Helium.

No real further news here either until spud and lots of seed money that is suposedly locked in (but theres no guarantees on that) aswell as other will be looking to sell out before spud

HE1 was actually leaking HELIUM to the surface of their first well and that was a DUD.

Reading between the lines and helium being in the general region does not mean this well will either contain or flow Helium

Yes, thats what it has misleadingly been billed as - an 'appraisal' well whereas infact it should have been more accurately been billed as an 'exploration' well given that they are exploring for Helium as they have no idea whether or not this well contains it.

if you believe otherwise then present your proof, where does HEX say this well has previously flowed Helium? answer is they dont, because they dont know whether it has or has not

Kdix - but this is all speculative - so far the only things that are confirmed are;

PET put forward a PROPOSAL not a BID back in Q3'23

PET fronted that PROPOSAL not any partner such as Itochu (else it would have stated this in the RNS)

PET do not have the financing to put forward a BID

At surface could be coming from anywhere, i.e. background Helium.

HE1 was actually leaking Helium from it's first well and that was a dud.

Fundamental point is it is not known whether this well flows or contains Helium, all that is known is it contains an unknown gas - that is what the purpose of the upcoming programme is to test whether that gas is Helium and if it is then check flow rates etc.

Thus is it not an appraisal well. An appraisal well would be where they have already discovered the resource they are seeking and are 'appraising' it for commerciality i.e. flow rates etc.

Key word - GAS. They have not identified Helium, they identified Gas.

Watch the videos - the well flowed gas but they do not have any idea what that gas was.

Chart not looking good here, indicates this is going lower. Not a surprise given the mcap for what HEX has vs peers. As mentioned previously this is not an appraisal drill as it's being billed but an exploration drill. It is not known whether this well has previously flowed Helium. If that was a known then it could be classed as an appraisal.