George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
@Gudin The reason they don’t sell is likely because they don’t hold - or hold insignificant amounts of shares.
Sad sad people who have nothing to do but troll share boards. I understand a balanced debate but people who only post negative/hateful comments - why are they here? Some need to get out more!
Cross-post from the telegram-
Curious if others mirror the same sentiment:
When introducing the company to others (especially retail) I feel there isn’t a concise presentation/document that presents the investment case as it stands right now. I think it might be useful for the company to produce a new presentation style piece of media that is aimed at fully educating people who haven’t been exposed to the BEN story before. Reintroduce the story from scratch and present the investment thesis from overarching concept (coal, location etc), what’s been done, what’s planned (extra shifts, extra tonnage etc) and perhaps a cash flow summary too. I think it might help to rebuild a retail base.
You guys love a conspiracy. It is as simple as this:
Organising a drilling campaign in the backwaters of Africa, involving multiple companies, suppliers and governments is unsurprisingly a difficult and time consuming task.
@triplestar
Are you implying the presentation was fake?? Seeing as I attended I can tell you that’s not true haha. Not many attended as it was a paid entry event aimed at people with a fundamental geological understanding in an academic setting, not investors.
You guys need to relax…
@Polly & Latorre No problem at all - just had to convert my notes to a more readable format. I think people get in their head when the company is quiet, but it very much shows that there’s a lot more going on than many here would suggest.
@ITV The geology is what holds this all together - thats why it really caught my attention too and I thought it would be useful to share. Once we get through the weeds of international relations to secure this rig, I am feeling very good for the actual campaign! Not sure I will sleep well waiting for our helium shows!
I personally believe once the rig is secured, David and co should explain this in laymans terms to investors and if they can get across the geology in a way people understand it could cause the sp to rocket.
ERT seems like it wasn’t quite as useful as they thought for now but may come in to play later – it appears to need considerably more ground truthing (well data etc) to be fully useful, but they have still been feeding the data into models and it should help with the overall understanding of the near-surface stratigraphy.
A bit of talk about the future potential. She said they’re still very open to testing all the different sorts of plays, from basement to surface. She was excited about the other projects in the area and thinks they might help to shape the focus for Eyasi and Balangida depending on which way the other companies campaigns go. They themselves have recently been out to eyasi and balangida to recollect soil gas samples, it seems weather got in the way a bit but they managed to reconfirm the previous high grade samples. AGG data of balangida is being processed by a third party to identify targets for both a phase 3 seismic and exploration campaign (I will note this was labelled 2023!!).
As I said I expected before the event – there wasn’t any material news and was suited to people with an understanding of geology so don’t feel you missed out by not going! For me was very enjoyable and good to see them getting the story out in an academic arena.
Any questions lmk.
I will copy below as I can’t link tg on here. The diagrams I can’t post but if you can find the group it’s there.
It started off with the classic HE1 intro – where are the assets, importance of helium etc… Only real bit of note here is that she continued to cite the revised 6BCF global demand at $500/mcf contract price and even higher spot price - should hopefully put the pricing conspiracies on LSE to bed.
They provided an overview of the geo work from both campaigns – Seismic wise it looks like with the additional lkm they are really starting to get a good understanding of the structural highs of Rukwa and have been using it to interpret patterns within the highs to identify where the charged focus areas are (and therefore the payloads!). MSS appears to have been a cracking idea, they’ve identified helium seepage across all 3 acreages – they made the company (I believe it was DIRT) blind test it without being given any info on the areas of interest to confirm the inhouse models and understanding of the macro helium systems. Seems like it has also helped to identify some leads to be at the forefront of subsequent exploration campaigns. Lorna talked about the fundamentals of a helium system being very similar to that of an O&G system (for those interested I’ve posted about this in pretty good detail over on LSE before). This is reassuring to hear from Lorna as I had postulated this and it means that we’re dealing with well understood fundamental geology.
Tai was a big focus of the presentation. Lorna continued to reiterate that Tai is still the most prospective, low risk site while being the largest closure. The MSS identified helium seeps just offset from the Tai closure which coincides with some positive surface fault expression – this hopefully means that the trap at the Tai closure is literally overflowing with gas as it is full! She did refer to the next drill campaign as ‘Tai-C’ and the graphics from the presentation indicated it would be at least a two well campaign (as we had worked out from wording of RNSs).
It does appear they drilled Tai slightly wrong. They drilled through the lake bed slightly outside of the closure, earlier than anticipated. For those interested in geology – they appear to have drilled through the hanging wall side and not the footwall side (and from my understanding this means they were probably less likely to have hit the true payload of a hanging wall trap – I have illustrated a very simplified picture below of my understanding of where they have gone wrong here). They learnt all this from the additional lkm of seismic after the drilling campaign – with the better drill and increased understanding from the seismic they will likely be drilling within the closure on the footwall side this time. In my opinion this is MASSIVE news and puts my success estimates of Tai up considerably than what is understood by the average investor.