Member Info for Jeremiah99

Ditto, the geological findings sound disappointing/inconclusive so far but DF's comments at the end sound positive and upbeat. More patience needed I suppose.

Ideally I'm looking to 5 bag from my .44p avg. Think positive!

was that WHI don't want to be associated with any brown envelope shenannigans that appear to have gone on lately, at least I hope that is the case. Maybe AB doesn't mind being a party to it, though he too may decide to depart? I may be barking up the wrong tree though..

Does anybody know whether any other companies involved in the indigenisation roll back have been signed off yet? Maybe the govt are still awaiting 'tips'?

Maybe RHA will get signed off before the suspension is lifted and we'd come back with a rerate?

I thought the M2 drilling was only filling in to join up 2 zones to give around 100kts of jorc copper, up from 89kts, rather than looking to double it? The $100/tonne in the ground copper value correlated nicely to SOLG while their mcap was around £800m but they have since halved in value. A look at Solg's drilling campaign shows just how long it takes to prove up a large IOCG deposit, a couple of years and dozens of drills, each taking several weeks (is our first hole still not completed after over 2 months?) I did wonder if there had been problems, hence DF being over there.

People will soon know who Alba is if HH proves commercial in the Kimmeridge as well as the Portland layers. 11bn barrels of oil in HH and Alba own nearly 12% of it - over 1bn barrels. Pray they get it to flow and come up with decent recoverability factors, and the s/p will take care if itself. It will be several pence per share IMO. Why bother faffing about drawing new money in before anything is proven? The s/p will speak for itself if the oil is there and flows over an extended time frame. Not only that, but it will have a bit of a snowball effect as we will be better funded for our other projects.

Buzzbuzz you are totally shameless in talking your own book. Months of dissing everything about ukog until you got your target buy in price, now its the best thing since sliced bread. Why don't you go back to mugging old ladies?

Nm

"pinpointed by irate shareholders."? A Vlad the Impailer type skewering is more what I had in mind, but I expect Bozza is well prepared and has donned his kevlar shreddies in anticipation.

as it looks like George has allowed a hefty chunk of a posslble $20bn+ asset to go for a song, but at least it gets Zulu underway and who knows how big it may turn out to be? I'm hoping there will be more than enough lithium to go around, possibly even more than we can process within a reasonable timeframe. I had hoped for a better funded and more reputable partner, but I suppose George has so impoverished Prem that beggars can't be choosers.

assuming they are in line with DF's 60m @1% still means 600k tonnes of contained copper. In the ground value @ $100/tonne = $60m (£45m) or c. 5p fully diluted (over 800m shares) That's DF's very lowest ST estimate, with nothing added for M1, M4, M62, M25 anticlockwise etc.

https://www.reuters.com/article/us-usa-oil-austinchalk/u-s-oil-firms-use-shale-know-how-to-revitalize-old-oilfields-idUSKBN1JA2UG (link pinched from the FRR BB) Sounds like they are continually coming up new ways to squeeze as much oil from the rocks as possible in the US. It's a pity our own richest oil potential is in Nimby infested areas.

TheBinGB, George himself admitted Zulu is 'daunting' and is seeking a competent JV partner to take things forward, as well as more top management to spread the workload - so those shortcomings are seemingly being addressed. My concern is whether he has the nous to cut a good Zulu deal since the asset is at a very early stage of exploration, and given our current financial position, not to mention his dire past negotiation skills, at least in trying to raise finance. Though to be fair, the likes of YA and their financial alchemy have bamboozled many a cash strapped CEO into unwittingly signing away chunks of their company's future potential, so George is far from alone there. At least he got the 90% of RHA we were hoping for without too much ado (though it's still to be ratified) IMO the jury is still out on GR's performance and PREM's fate, but there have been whispers in the corridors and the judge was last seen putting his black cap back in the drawer.

Yeah naz, go and pee in someone elses cornflakes.

DL said it was US hedge funds but the Boogie Bros sounds more likely..

It was more than just hype. There was an absolute buying frenzy by someone with very deep pockets. For several days they'd start in the morning by buying a few million in round numbers then go up in 500k increments through the day till they were buying 10m chunks. No attempt to hide anything, just the opposite if anything. No wonder the world and his wife (and dog) got sucked in.

But we daren't ask your average!

Even if good quantities of copper are there they may still not fully show up on the first drill campaign. Solg are on drill 42 or so after 5 years of proving up Cascabel, and it wasn't for a year or two that the s/p began to reflect what they'd found. So IMO the bigger valuations will take quite a while, even if there are decent amounts of copper there, but I'd be expecting a bit of spike initially just out of relief they've found something!

Don Bailey elects to take 7p options rather than a salary. Another confidence booster..