Member Info for JapaneseJohn

Good to have some certainty here. Will the next set of gold drill test results be delayed with the lockdown at the moment?

Some hypothetical questions.
Could Spoton offset Providence's circa 200M losses carried forward (mentioned on this board previously) if they merge with Providence as opposed to farming in.
Perhaps Providence could sell Exola separately with loses attached for a nice lumpsum. Someone with corporate accounting knowledge on here, might know how Spoton would proceed to avail of these losses?
Would Spoton merge with Providence, raising the share price significantly with a rights issue in mind for Barryroe development to spread the risk

Dipped my toe in here today for another gold punt. Hoping future drilling results are positive

Hi All, got Davy to do my 1.6m yesterday in favour

Apologies JH77. I think you're right.

file:///C:/Users/jbutl/Downloads/75161_6e05ed0b-8bb1-4096-a931-f9cd5996649f.pdf

*FEL 2/14 relinquished with effect 31st December 2019
*FEL 3/14 relinquished with effect 11th March 2020
*FELs 7/18, 8/18, 9/18, 10/18 relinquished with effect 4th February 2020
*FELs 5/18, 6/18 relinquished with effect 27th February 2020
*FELs 1/18, 2/18, 3/18 and 4/18 with effect 28th February 2020

Druid Licence no. 02/14................1/1/14 to 31/12/2028 (Frontier Licence)

*Total E&P Ireland BV- 35% (operator)
Providence Resources Plc-28%
Capricorn Ireland Ltd-30%.....? Still active company
Sosina Exploration Limited-7%
35%
28%
30%
7%

Entertain my wild theory on all the speculation!

Tony O' Reilly (had to step down after Apex fiasco) has set up DCarbonx with John O'Sullivan and Andrew McCoss six months after stepping down.
dCarbonx and Stena Drilling have 'entered into a strategic framework agreement for Decarbonisation Exploration with UK based dCarbonX to support the development of offshore “GeoEnergy” resources. Both parties are interested in offshore Decarbonisation Exploration drilling as a new, innovative, and sustainable enabler of the Energy Transition. The companies will work together to engineer solutions to discover and develop subsurface assets for combinations of geothermal energy, molecular energy storage, and carbon sequestration'.
Full Article; https://www.linkedin.com/feed/update/urn:li:activity:6763373468550529025/?commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A6762678855636451328%2C6763373373138513920)

The Stena Ice Max drilled Druid and found hot water underneath in Drombeg instead of oil. This potential resource was suitable for Geothermal energy (According to Tony O'Reilly at the time). Stena Drilling is a Stena AB subsidiary company who coincidently have a Non-executive director named Vivenne Cox. She is the executive vice president of Alternative Energy with BP for the past 40 years.
The Norwegian government supported' Northern Lights CO2 transport and storage scheme', is developing a sub-sea carbon capture and storage project called Longship with lessons learned from their ill-fated attempt at carbon capture from its so-called 'Moon Landing' gas refinery plant. They are putting up £1.5billion (75% of costs) and partnering with Equinor , Royal Dutch Shell and Total (See Daily Telegraph on 25/1/2021- page 5 on Business section). They have 3 areas (empty Gas/oil fields) in Norway that are suitable for carbon storage. They have identified 3 more suitable depleted fields in Northern Europe (UK North sea and Kinsale Gas is one of the three.
The recently launched €10billion European Innovation fund has received 14 applications from Carbon capture and storage projects. I wonder if any of the applications were from any of the parties mentioned above?
Need I mention SpotOn Energy is a Norwegian company, registered in the UK and now in Ireland. I also wonder who the consortium investors are?

This would certainly keep the Green's happy and sell Barryroe for immediate production with the rest to follow. A lot of pieces to put together but you never know!

See full article on John O'Sullivans,
Linkedin page;

https://www.linkedin.com/feed/update/urn:li:activity:6763373468550529025/?commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A6762678855636451328%2C6763373373138513920)

Business Post article mentions Glencore are introducing weekly LFT of employees in all manufacturing facilities. Anyone know which test?

Hello Tacet. Welcome!

It has been very quite here the last day or so and will be I'd say until a Gold update. Good entry point but it might go a little lower as we wait for news. Bet your glad you didn't buy in before Stonepark update.

Thanks all for the info. The spread is normally larger than at present so trading may not be as easy as the last few days

As this is no longer a short term Zinc investment, anyone with ideas or opinions on where these two gold prospects might play out?
How much drilling and testing needs to be carried out to say this is a prospect as opposed to a lucky strike with a drill bitt?

Thanks, you too.

Fair enough, nothing to add UK. I'll wait for further news.

Just not what I was expecting.

There were only two holes drilled and they proved the resource was not spectacular outside the previous areas of high grade/depth. I was expecting more drill holes at least. It appears G11 a re more interested in proving up Carrickittle (recent placing) and Arkle in gold prospecting for the foreseeable future.
Arkle's Stonepark 24% is still a proven asset and will be bought down the line when Glencore are ready and Carrickittle is a proven high grade resource as recent drill results were exciting.

I see the other two got their posts removed. Detention for bad behaviour I suspect.

We are not bust. Over reaction after yesterdays news. It should stabilise around 1.2p. Warrants may hold it there for a while. See Gino's previous post on warrants.
Small cap mining stocks are certainly not for the faint hearted.

Thanks Gino.
Yes. Not bullish here in the short term either. Another long term one now!

I think Glencore will now let us stew for a while. Without the significant Stonepark upgrade hoped for today, we are not in a strong bargaining position. They will probably invest more into G11 to get their hands on their 75%, add a proven up Carricktikkle and then they will take our 25% before more drilling work on Stonepark. As was mentioned here previously the recent G11 fundraising is for work on Carricktittle. This will be the catalyst to combine both areas.

As mentioned, warrants will be a drag on the share price for a while.

On a positive note the results were not a disaster either. They just defined the outer resource limits in areas drilled previously. We have funds to carry out further gold appraisal work. Warrants will be drip fed to provide working capital into 2022.

Very disappointing is right. Saw it too late today. Didn't get to offload a bean today so down about 7k since 8am today. Ouch!!!.

Best of luck DV and Gino.

See you all when we strike gold! Hopefully Carrickittle is proved up further and glad I offloaded 15% three weeks ago to put into G11.

I also expect 75million warrants from previous €600k placing at 0.8p, to be exercised if we get good results. These are at 1.2p.
This would also give us €900k to push on with the gold exploration while Glencore come up with a figure for stonepark. At least we should not be held over a barrel for working capital if they dilly dally with an offer.

I agree that its only Arkle's Stonepark share, that will be of immediate interest to Glencore.

I would be delighted with 6p Gino too! Not sure about the gold in the short term. Hopefully Arkle don't sell too cheaply, just so Teeling can finance gold prospecting for a few years. I think Teeling in his twlight years would like to finish on a Gold high though and current high gold prices will push this on faster too perhaps.

Longer term, see link below for G11 Silver and Copper prospects.
https://www.newswire.ca/news-releases/group-eleven-adding-two-advanced-copper-silver-prospects-to-its-limerick-ground-position-in-ireland-818150490.html

A big investment from Glencore to purchase Arkle's Stonepark and with Carrickittle added on would probably be enough proven resources for Glencore for the moment? Perhaps this would free up time and funds for G11 to prove up these resources and add a whole new prospect to commercialise with current high copper and silver prices?