Member Info for Jarv55

Looking at the link Charlie found there seems to be an interest in Indonesia

Asia Pacific Event

Technical Overview and Development Status of the Prolific Middle Jurassic

Plover Formation Gas Fairway: Timor-Leste, Australia and Indonesia presetnted by Andy Butler Sundagas.

https://asiapacific.ges-gb.org.uk/files/2024/05/AP24_Programme_02.05.24.pdf

Old article but worth a read https://www.bnnbloomberg.ca/lng-demand-will-surge-50-in-next-decade-woodside-ceo-says-1.2039594

What is good about it is we won't be wasting hundreds of thousands pounds on Bod members who sit back and do nothing for their money while diluting us into oblivion, no more throwing good money after bad on licences that we can't service. We will now concentrate fully on Chuditch and getting the funding partner(s) to take the project forward and judging by the last line Andy wants to expand into Aisa a growing Gas and Oil hub.

Https://uk.investing.com/news/economy/unicredit-raises-investor-reward-goal-after-profit-tops-forecast-3477595

Just need the financing and a solid signed deal.

I am happy they are not proceeding with Labour coming in they will finish off the North Sea.

I do like the last line.

We note that Baron has not been offered any blocks in the offshore UK licensing round, which, together with the previously announced relinquishment of UK licence P2478, means that the Company has fully withdrawn from the UK. We can now focus all our attentions on our core area of SE Asia, where we have an exciting and valuable asset in Timor-Leste, a highly experienced operating team and a pipeline of material new venture opportunities across the region."

For me I take everything Az says with a big bag of salt! However Albert was pretty honest at the last Agm and more conservative with expectations, he said then we wouldn't gain traction until this year.

He wrote this in the Annual report and seems more positive than before. so lets hope they get this funding sorted along with the WL and they can finally start scaling up to break even.

Albert Ganyushin, Chairman, SYME, said: "The progress with the White-Label IM in partnership with a leading commercial bank, tokenisation backed by leaders in digital asset finance and now the agreement with a neo bank to fund companies from our Italian pipeline, clearly demonstrates the market relevance of our innovative product, which is evidently gaining traction with leading players in their respective market segments. The team managed to overcome many challenges in 2023 and put in place foundations for SYME to start delivering in 2024 on its tremendous potential of reaching a large addressable market."

They need to get this delivered.

Following the inaugural IM transaction, we continued the progress into 2023 and have taken the IM model to institutional investors. Firstly, through the Open Market Inventory Monetisations taking place that were announced during 2023, and the agreement with the Italian neo bank recently announced. Secondly, by the accumulation of work conducted during the year which resulted in the signing of the White-Label commitment from BBPM to deliver inventory funding to an existing client of BBPM through our IM Platform. The significance of the engagement of institutional investors and highly reputable banks in these transactions cannot be understated. It demonstrates the credibility of the model we have been working to develop.

For me the presentation was a little disappointing as in they could of added slides to show what they were talking about. Don't like not seeing their faces either but that is just me. Think the last two were far better and think they should of kept to Sashas format. Saying that I would be useless at presenting and its not an easy job. As for the content I think Nick was honest as to where we are. You have to listen to it a few times to pick up the details. Especially from Remmy on Botswana. News due to come from Botswana first, looking forward to what they are planning there. Maybe they need to stick to just rns and Twitter. Really would like Remy to give an interview at some point and personally think he should be Ceo.

Interesting post by DP

https://www.linkedin.com/posts/timor-resources_partnership-collaboration-timorgap-activity-7191969248699637760-FaP3/?utm_source=share&utm_medium=member_android

Charlie posted this in the telegram group https://asiapacific.ges-gb.org.uk/files/2024/05/AP24_Programme_02.05.24.pdf

AB attending.

The unique solution which Supply@ME offers is starting to gain traction in the market which is demonstrable by the tangible progress made during 2023 of the first traditional Inventory Monetisation being executed in Italy. A further such transaction was also fully contracted with the first UK Company during 2023, albeit there has been a delay in execution of this transaction largely as a result of the IM being managed alongside an existing floating charge facility which has required the client company to gain specific waivers from existing lenders. While this has resulted in delay to completing the deal, it nonetheless serves as further proof an IM transaction model can work in the UK, including alongside existing financing facilities. To deliver the first IM transactions the Group has connected through its IM Platform the client company, inventory funder and stock company to facilitate the execution of the IM transactions. This in itself requires confidence from all stakeholders in the accountancy, legal and technology frameworks and internal processes designed to facilitate Inventory Monetisation transactions over the Platform. I look forward to seeing both the client and inventory funder base grow as the model begins to scale.

Well we knew they would need money but didn't expect that price. Shows how tough these markets are.

Should have 6 months of drilling in the dry season

Newsflow to come from Botswana first

will take a while for essays to come through on Zambia about 6-8 weeks for results so don't expect essays to come quickly.

They are not looking for a partner for Bots yet its a strategic licence.

Still looking at other licences got out bid on the last one.

Can't tell us how many rigs they will be using Anglos are driving the comms.

Can say they won't have a problem getting rigs.

They were going to raise after the JV but decided against it

Didn't expect the sell off from the Pension fund.

It is his duty to make sure Arc are in a good cash postition in this market.

strong cash position now.

Anglo are methodical in their approach. will be surveys envirnomentals etc there is a process for the LML's.

He stands by what he said in December most exciting Copper play he has seen.

Did say something about BHP/Anglo deal if it effected the JV in any way there were others interested in the project.

You would need 5% of shareholders to get rid of Nick and call a requisition one thing I will say about the call its the first time he has been totally honest.

The only part that gives me some hope is the one client must be big.

It should be noted that of the current pipeline figure of £330.7 million, there is one single client that accounts for approximately 57% of the total pipeline.

Luckybob not sure about the sensible part I invested in Syme!

O'Brien | It's certainly got to go in drilling. I think for us right now, we've waited a long time to see what Dumbwa is made of. Dumbwa is a fantastic target. It's unique, it's high grade, it has all the makings of a really exciting story.

We still have three other targets to go and drill. We have KoBold, we have the excitement around that, we're pumped to be partnered with them. I mean, as I said, they're bleeding edge. They're doing things that nobody else has really ever done. They're moving forward.

We have the amazing geological team but a big drill program at Dumbwa is going to be super exciting for us, and then we're making our own plans now to attack something else that we have, which is oxide. You sort of have copper oxide in the top part of the stratigraphy and sulfide deposits down deep, right? So we're looking for these big sulfide deposits.

We also have oxides, and now we're looking at an approach to doing that. So we're looking for funding, and we're going to go out and start chasing oxides and see if we can put a resource together that would create a near-term mining situation.

In Zambia, 75 per cent of their export earnings are copper, totally mining-centric country. You've got every big player in the picture. You've got First Quantum, Barrick, Rio (Tinto), Anglo (American), now KoBold. You've got Ivanhoe just north of us in the DRC, which is a much tougher jurisdiction.

So you've got jurisdiction. What kind of scale are you dealing with? Well, every deposit pretty well in that region is a billion tons. So you have copper deposits that are at the very, very highest end of the spectrum.

The grade is there, the geological makings are there and then you have four or five of the biggest mines in Africa surrounding you, certainly Kansanshi being the top African copper mine and you then can think about runway to development. You're not looking at something that's going to need 10 years to move towards production, and we have to arm wave that we're going to build a mine.

Midnight Sun will never build a mine. That's not our goal. That's not our plan, but you have all these mines in the region that could certainly take advantage of that and if somebody finds something big enough on our property, or if we find something big enough on our property that we actually think it warrants a standalone mine, that's something to be figured out at that point but we don't need to aim for that. So it's really the right thing to be looking for in the copper space.

TMO | I imagine the company has some major plans going into this year. What are some of the things that you're most looking forward to?

TMO | Do you think this is one of the best times investors can get in on Midnight Sun? And if so, why?

O'Brien | Well, I think it's the best time to be investing in copper in general. Certainly we're going to be obviously very biased and say it's the best time to invest in Midnight Sun.

If you're looking for something in the copper space, first of all, copper, there's a new demand for copper that we've never seen before, That's right on the horizon, right? So you're probably, let's say 18 months out from seeing a new phase in copper that's going to be driven by electrification. That's going to give us a couple of decades probably of runway where you're going to see demand for copper like we've never seen before.

Never in my lifetime, never in your lifetime. Huge demand for copper and what you really have to look at is not just a demand for copper based on electrification. That is certainly the driver, but you have to look at copper projects globally.

So you have a lack of new projects coming on stream. You have a lack of discoveries being made and the discoveries that are being made are typically porphyry deposits. They're typically now, I like to say the low-hanging fruits been picked. So the easy ones to find have been found.

Now we're into these projects that are really deep, they're really expensive, and we're talking CapEx (capital expenditures) that's beyond what any junior could probably ever tackle. So huge CapEx, tough jurisdictions, they're very deep and you have to look for projects that are quicker to get into the pipeline of development, that are going to be able to reach production stage more quickly and that are probably lower CapEx, so meaning open pit, and then you have to think about jurisdiction. If you look at Midnight Sun, you have jurisdiction

It was a rainy season in Zambia, and that makes it very difficult to move rigs across the ground. It's not that there's a lot of rain days today, but they're in the process now. We're waiting for the ground to dry out. We're waiting for rainy season to end and be gone, get back to the beautiful 75-degree weather in Zambia and get the drilling underway.

TMO | Briefly we talked about the new science that is going into developing these targets. Can you recap the significance of this?

O'Brien | I think if you look at the approach that KoBold is taking, so in particular they're working on a project. If you look at our entire project, just to slightly digress here, we have four big individual targets.

So the property is essentially split up into four pieces. Each of those targets has the potential to be one of these billion-ton domes region deposits but basically they're focused on something called Dumbwa, and the deal that we struck with them is just for Dumbwa.

The rest of the property remains with Midnight Sun, and we're going to advance that on our own. But Dumbwa itself is a 20-kilometre-long soil anomaly, which that fact in itself is exciting, but it gets up to 0.73 per cent copper in soil. So the entire property is covered in a blanket of soil, if you will, and to find trace copper is usually a good pathfinder to something bigger going on.

In this case, the average grade of each mine across the domes region is 0.59 per cent copper spread across all of them. We have ore grade 0.73 per cent copper in soil across this anomaly, which is pretty spectacular. So KoBold is basically utilizing that. That's their pathfinder. They know this is the target they want to attack, and so they have a big drill plan for that.