Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think someone knows something to be quite frank with that 12% up at one point considering the vote, the deal is on the cards
Here to help people not give it the Barry big *******s,
There is no details just hunch since the TR-1’s are buying!
40K shares Voted ‘FOR’
With reference to the deal:
Ormonde looks to acquire African high grade copper projects
Ormonde notes recent increased trading and volume in the Company's shares together with volatility in the Company's share price and is pleased to provide an update and further information on its previously announced potential acquisition.
On 16 September 2020, the Company announced that it had entered into an exclusivity agreement in relation to this potential acquisition, and since that time the Company has been advancing negotiations, diligence and legal structuring of the transaction. Very significant progress has been made in these areas. However, progress to completion has been slowed somewhat resulting from the impact of the pandemic and ongoing discussions with the Company's largest shareholder.
On completion of this transaction, which remains subject to the finalisation of certain terms, conditions and legal agreements, Ormonde will acquire, or have the rights to acquire up to an 80% interest in two exploitation licenses ("Licenses") covering multiple high grade copper and polymetallic development and exploration projects in a highly prospective and underexplored district in the Republic of the Congo ("ROC", also known as Congo-Brazzaville).
The Licenses include:
· a copper-lead-zinc deposit that has been, until recently, subject to small-scale underground mining:
o recovering direct shipping ore ("DSO") grade material (previous operator DSO grades of 6% copper, 23% lead and 25% zinc reported - see Note 1);
o public domain drilling results including 11.9% copper, 29.6% lead, 19.4% zinc and 159.2 g/t silver from 8.55 metres downhole depth (see Note 2);
· a copper-silver deposit with mineralisation over a 1.2 kilometre strike length with significant high grade resource potential indicated by previous operator work including a public domain JORC (Note 4) Exploration Target of 15 to 20 million tonnes grading 3% to 5% copper (see Note 1); and
· several other recognised historical mine sites or exploration prospect areas providing an exciting project pipeline across this underexplored land package, which has to date seen very limited effective modern-day exploration (see Note 3).
Cekim I am new around here can you give me some details
On the potential deal, was this stated in an RNS, I will look through them now
Yes I was going to ask I will reply with that in question.
I have received an email back regarding my query, since I think this is bullish in the mid term and don’t want to sell my shares. I think this has put me at ease either way.
Dear James,
Thank you for your email and for your support in voting. We are encouraged by the response of shareholders, but continue to urge all shareholders to act by proxy voting for the EGM resolutions. In the event that the 1/3 quorum is not achieved then certain avenues to remain listed are available to us - delisting is extremely unlikely at this stage - but these will take time and extra money to resolve, therefore our absolute priority is to avoid uncertainty for shareholders by getting the necessary approvals at the EGM and migrate smoothly with the rest of the Irish market.
More generally, when a company delists then the shares still exist but cannot be readily traded until they are re-admitted to a market. We would of course take all steps possible to avoid delisting.
Best regards,
Fraser Gardiner
Ormonde Mining plc
Information regarding the pipeline Powerhouse energy group:
Powerhouse Energy Group (PHE:LN)
Powerhouse Energy Group has developed an innovative waste-to-hydrogen reactor technology that converts hydrocarbon waste streams, including unrecyclable plastic, into syngas or hydrogen. Since the technology operates at a higher temperature than conventional gasification techniques and incorporates gas processing and clean-up, it produces only a small volume of residue with no toxic dioxins or furans. The syngas will be used in gas engines to generate electricity. Additionally, road fuel quality hydrogen for powering FCEVs will be extracted from the syngas.
The small footprint, modular design of Powerhouse’s DMG technology means that it is suitable for waste-to-energy systems located close to where the waste material is produced and collected and where the hydrogen or electricity is required. This reduces the costs and energy used for transporting the fuel. Powerhouse’s exclusive UK development partner and cornerstone investor Peel Environmental intends to locate DMG technology close to plastic recycling operations so that any waste plastic that cannot be recycled will be used to generate electric power that can used by businesses on the park rather than being sent to landfill. In the longer term, as demand for hydrogen in transport increases, the DMG systems will generate hydrogen to fuel fleets of refuse collection and other vehicles. Peel has a pipeline of around 30 locations in the UK, including 11 of its own sites, where it intends to deploy DMG technology. The first of these is its Protos Energy Park in Cheshire. In March 2020 planning permission was granted for the DMG plant on this site. In August Peel completed the engineering definition stage of the contractors’ work for the plant, enabling the delivery contractors to price their contracts for constructing the plant and the associated on-site buildings, which will facilitate Peel’s completing the project financing ahead of commencing construction at the year end. Peel is also leading the engagement with all potential end-customers in the UK for DMG plants. These include city councils and waste management companies.
Powerhouse intends to monetise its IP through licencing its technology. Under its agreements with Peel, it will earn £0.5m per year for each DMG system once it has been commissioned. There is also the potential for Powerhouse to earn additional fees from providing technical engineering and maintenance services for each project.
By end of feb, DYOR
GL ALL
Information regarding the pipeline Powerhouse energy group:
Big things to come this year, GL all LTH’s
Powerhouse Energy Group (PHE:LN)
Powerhouse Energy Group has developed an innovative waste-to-hydrogen reactor technology that converts hydrocarbon waste streams, including unrecyclable plastic, into syngas or hydrogen. Since the technology operates at a higher temperature than conventional gasification techniques and incorporates gas processing and clean-up, it produces only a small volume of residue with no toxic dioxins or furans. The syngas will be used in gas engines to generate electricity. Additionally, road fuel quality hydrogen for powering FCEVs will be extracted from the syngas.
The small footprint, modular design of Powerhouse’s DMG technology means that it is suitable for waste-to-energy systems located close to where the waste material is produced and collected and where the hydrogen or electricity is required. This reduces the costs and energy used for transporting the fuel. Powerhouse’s exclusive UK development partner and cornerstone investor Peel Environmental intends to locate DMG technology close to plastic recycling operations so that any waste plastic that cannot be recycled will be used to generate electric power that can used by businesses on the park rather than being sent to landfill. In the longer term, as demand for hydrogen in transport increases, the DMG systems will generate hydrogen to fuel fleets of refuse collection and other vehicles. Peel has a pipeline of around 30 locations in the UK, including 11 of its own sites, where it intends to deploy DMG technology. The first of these is its Protos Energy Park in Cheshire. In March 2020 planning permission was granted for the DMG plant on this site. In August Peel completed the engineering definition stage of the contractors’ work for the plant, enabling the delivery contractors to price their contracts for constructing the plant and the associated on-site buildings, which will facilitate Peel’s completing the project financing ahead of commencing construction at the year end. Peel is also leading the engagement with all potential end-customers in the UK for DMG plants. These include city councils and waste management companies.
Powerhouse intends to monetise its IP through licencing its technology. Under its agreements with Peel, it will earn £0.5m per year for each DMG system once it has been commissioned. There is also the potential for Powerhouse to earn additional fees from providing technical engineering and maintenance services for each project.
Twitter post to ...
@elonmusk @PowerHouseEG Powerhouse Energy The first company in the world to develop a technology that takes LANDFILL PLASTICS and produces green hydrogen for fleet vehicle use and electricity #Renewables #TheFuture @GretaThunberg #WorldFirst #Hydrogen #DMG #PHE
You never know, so get tweeting. PHE is the future.
Not that we need this exposure in the slightest because one day the average joes of the earth will see the light to this evolutionary world changing company, but it doesn’t harm in spreading the word.
If anyone could expand on the exact amount of electricity produced by a DMG that would be appreciated. I couldn’t find the info.
Kenny?
DYOR
#PHE #WorldsFirstPlasticToRenewableEnergyGeneration #PowerhouseEnergy
Glad to be a part of it.
This could really be the pinnacle company to drastically reduce the amount of plastics slowly destroying the world we live in.
Jm