Member Info for kentan

https://menafn.com/1098849389/Oman-PAM-organises-mining-forum-in-Salalah
These are the men that hold our mining future in Oman in their hands (PAM).
They emphasise the importance of mining to their economy and place it at the top of the agenda for the future growth of the Sultanate.
With an abundance of riches to be exploited, they are eager to attract overseas investment and know-how. Copper, nickel and rare earth minerals are in great demand and are increasing in value.
But the experience of Savannah Resources would surely discourage rather than attract mining companies and investors to this sector.
By granting SAV a licence to mine they would surely promote and encourage others to become involved in Oman mining, it would be good PR.
Can't they see that?

Further to CM's post, the full update from Alara on 19th July:
http://www.alararesources.com/irm/PDF/2629_0/ProjectUpdates
This still continues to frustrate SAV shareholders, Alara are steadily making progress and are in the good books of Oman (PAM) having attracted funding and support, whereas we wallow in the wilderness with little or nothing coming from our BOD. We probably ****ed off the Omani's by boycotting, in a fit of pique, their Expo 2019 Mining Conference in the Spring (no stand or representation). Now the current situation seems to be a stand-off or impasse, with only 1 hurdle to cross to get the full mining licence ... so near, yet so far.
With copper prices peaking in April/May to around $6,500 per ton and today circa $6,000, it would seem we are missing an opportunity to crack on with the project to get full value and support.
Even some hope or inkling of the issue of the mining licence would boost our share price no end and make for funding the other projects (Moz & Portugal) a lot cheaper and more viable.
A push for Mozambique & Oman must be the priority at the moment, regardless of the prospects for lithium in Portugal, otherwise, get shot of them for a decent price (Copper, Ilmenite, rutile & zircon prices are on the up) and concentrate on getting something out of the ground and sold for once in Portugal.

Published 26/07/2019:
https://www.prnewswire.com/news-releases/portage-announces-filing-of-application-for-management-cease-trade-order-300891738.html

Further to my earlier post, please amend the reference to Al Marjed to Al Marjan Ltd (predictive text causing confusion again).
I assume the person in question has stepped aside in the companies (both Al Marjan Ltd and Savannah Resources) and relinquished his share stake, or reduced it considerably.
The Iran situation of sabre-rattling with the USA is fuelling concern for the Gulf States ... they have allegiances with the US for trade, but are also torn between supporting their Muslim cousins on religious grounds. This is also compounded with Trump's continued support for Israel, which also fans the flames.
Oman has recently announced a 9.1% drop (year on year) in imports which bodes well for them to press on with mining to expand their export markets and further strengthen their economy. Hopefully, Savannah is making strong representations to PAM to finally get their long-awaited mining licence and produce the copper and secondary minerals or make it known that their interest is up for sale at the right price for a viable project.
The recent strengthening of the SP could be that something is in the wind ..... ???

Have just issued a statement, to the effect, that Mr Hussain Jaad Mohd Ali Abdulrasool has ceased to be a person with significant control.
He is one of the Omani's brought in by Al Majed to oversee their investment.
Things seem to be happening now on the Oman front ... perhaps some statements will begin to emanate to further boost the share price.

I have visions of them using a herd of ostriches, burying their heads in the sands of the Nevada desert, looking for scraps of rare earth minerals ... they call it prospecting. .... I call it poking around.

I have several questions that would help me clarify the company position, now reformed as ADM Energy Plc.
Firstly, our investment as MX Oil Ltd in Superdielectrics Ltd needs to be addressed. Will there be a confirmation statement at Companies House on the change of company name for the holding ... or will it remain as a diversified investment for the separated MX Oil Ltd company to exploit as planned and be used as an investment vehicle?
I see that MX Oil is still listed at Companies House with Shaun Zulafqar as sole director and a person with significant control.
The date of incorporation is shown as 17th April 2019 and the change of name applies to the period 17th April to 7th June 2019. So is MXO now a sole existing single entity with SZ holding 75% or more of the shares (is he acting as a nominee, probably)?
With Andrew Frangos and Stefan Olivier still involved (officially and unofficially), there are many strings being played behind the scenes.

I have been monitoring the sectors that are affected by the latest sabre rattling between Iran and US aligned countries. Oil prices have increased and when there is any sign of tension in the world, then gold becomes a safe haven and strengthens. That should benefit any rto we enter into with Coeur Gold Holdings.
CBD is the new commodity on the block, it is early days and plenty of shrewdies are looking to make a killing. I have noticed that Stefan Olivier and Andrew Frangos (former Cornhill Capital and MX Oil directors) recently formed a company Naturi Vita Ltd that will be seeking a market listing for their CBD oil products business, growing commercial quantities of cannabis under polytunnels in Italy with big expansion plans. Frangos has a track record for bringing similar companies to market, he will no doubt have eyed Spinnaker and Bould Opportunities to satisfy a listing opening..... Stay vigilant.

The striking price for the oil is usually based on an average price for the 5 days prior to the offload from the FPSO, not when it is offloaded in Melbourne. The oil brokers make their money by trading it while in transit, in our case to Melbourne..... so expect us to get our share of the $60pb or thereabouts.

On its way to Melbourne with our cargo of crude, the latest position is off Walvis Bay, Namibia ... draught of 10.5m.
On the unpaid Marine Traffic site, the news was frozen regarding destination (said: Waiting For Orders), so this is a repeat load to Australia. It may briefly stop, as before off Cape Town, for bunkering fuel to complete the journey.
Has been sailing for 6 days since leaving the Gulf of Guinea, so the striking price should be around $60pb at the time of the lift.

Lots of activity around FPSO ... MV De Conqueror is alongside ... unspecified vessel, but very large (276m x 37m) .. is it a crude oil tanker? ... arrived from Lagos yesterday ... lots of smaller support vessels in the immediate area bunkering tankers, tugs etc.
Could this be the scheduled June offtake? ... would be a good start under the new regime.
Looking forward to end of year (2018) reports for MXO at the end of the month.

Surprised to see less than 500k shares bought and same sold on trading update at 11:20am ... there must be a whole stack of trades being held back or the MM's are keeping their books closed until they have some liquidity ... probably after 2:30 pm when the USA open and they wake up to this.

Never believe the sells/buys they are done automatically to the nearest fraction of what the bid & ask is ... so are frequently wrong and misleading.

As I predicted, it looks like Stefan will be concentrating on his new baby (Naturi Vita Ltd) now he has been paid off handsomely and corner the rapidly rising CBD market (Cannabis Oil). Look out for an IPO or RTO into a cash shell.

Richard Carter is Dr. Johnny Hon's man on the board and is now the acting CEO ... protecting and overseeing the Chinese interests.

See if my prediction of Hisham Al Gurg to become HH Sheikh Ahmed's main man on the board comes to pass, he is the most experienced of all HH's representatives in his companies and has previously dealt with the Chinese in UAE oil business (Sinopec) ...

The future:
ADME buys out Panoro stake in AJE (PEN:Osl).
ADME buys up all the EER interests in AJE-OML 113 from the liquidator.
Enters MOU's with Yinka Fulawiyo Petroleum and Dangote Group Corp (New Lagos Oil Refinery)
Starts to snap up all the surrounding permits in Gulf Of Guinea to consolidate FPSO's and offtakes.
Looks at Gabon oil fields and Panoro Energy interests there ... JV or buy-out to help finance expansion ... also, their Tunisian oil field, now producing oil would be a good target for gas exploration. Gas is much needed by North African countries.
SDX interests could also be a target (Egypt, Morocco & Namibia) now the share price has bombed and the BOD has changed.

My mistake with share price ... should be 33p ... micro-penny shares are so confusing and are displayed in many different formats.

In Friday's RNS:
In respect of the issue of new shares to facilitate the share capital reorganisation, 36 new shares will be admitted immediately prior to the share capital consolidation. Further, 100,000,000 ordinary shares, which have previously been issued and announced but were not admitted due to an administrative oversight, will be admitted. There is no change to the anticipated new issued share capital as announced in the Company's circular of 22 May 2019 as a result of this admission.

The New Ordinary Shares, as a result of the consolidation, are expected to be admitted on 11 June 2019.

So it is Tuesday?

Is the day the 100 for 1 consolidation will show up on the exchange ... so expect it to be up 10,000% on the top risers board and draw a lot of attention from others who are still in the dark.

If .033p was the mid closing price on Friday, that will become 3.3p., but with the late news on Friday and further RNS's on Monday, I anticipate this will be a lot, lot higher.

The name change will also follow too ... it is still to be confirmed at Companies House (in the next 5 days from Friday), but is showing as a done deal in the overview...

Could there have been a stand-off between the long-serving Chinese and The Sheikh that resulted in the 3 resolutions to be not accepted ... there are still a number of Chinese major shareholders who are no longer over the 3% threshold, but still have a considerable stake if they voted in concert... did they gang up?

So have I ...
"here" instead of "there" in the Investors section .... missing the "t"
We miss very little on this board.

Once HH Sheikh Ahmed has been ensconced, will our esteemed leader be concentrating on his latest project and moving on to pastures (of Cannabis) new?
Take a look at this:
Our Aim:
NATURI VITA is looking to create brand value by building direct distribution capability into the rapidly growing European CBD products market.
Expand via acquisition and further real estate purchases both in Italy, France and other European locations.
Seek future listing on a recognised stock exchange with a dividend distribution strategy.

STEFAN OLIVIER
Stefan is an experienced CEO, who has a history in financial structuring, M&A and stock exchange listings. Stefan started his city career at Cornhill Capital where he operated as a corporate broker, running hundreds of predominantly AIM listed transactions and listings where he focussed on raising debt and equity for companies in natural resources. He left to set up North American Petroleum in 2012 which he sold to a US onshore oil company in 2014. He then went on to set up MX Oil PLC and raised over £25m in equity for the business which invests in onshore and offshore upstream oil projects. Stefan’s ambition is to grow Naturi Vita into a vertically integrated cannabis business with a view to either selling to a larger entity or listing onto a recognised exchange in the medium term.
Andrew Frangos is pulling the strings (as per usual) in the background.

Confirmations lodged today:

Jonathan David Freeman (TM01) Termination of directorship. .... may still hold shares (+ open offer extra shares)

Allan John Syms (AP01) Appointment as a director

It sure is our MX Oil plc ...

The link not working ....

So try this:
https://beta.companieshouse.gov.uk/company/05311866/filing-history

Just posted on Companies House ... Filing History
Statement of capital following an allotment of shares on 18 April 2019
GBP 8,669,574.3364

SH01:

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/PHVvKcUl58kyXAaOsGx0e_L6GtJ-YTrgyNYvrGtNaCM/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3BLEDUTYT%2F20190530%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20190530T124113Z&X-Amz-Expires=60&X-Amz-Security-Token=AgoJb3JpZ2luX2VjEFwaCWV1LXdlc3QtMiJHMEUCIFt1z5GQ5o%2FDqnXFHEl8jlZCP1LTJDedM%2F%2B%2FJgjsn1Q1AiEA7kKUCiVWnkxwUOY6%2FvyglQHSIX8CD26dokbrpDYK2D4q2gMIdBABGgw0NDkyMjkwMzI4MjIiDGLYi9yuGmShBT7%2F1Cq3A21lb430jGkhP2EMRUFIeIvlpLeJFu8EqBAkny2I%2FwwG0Ej40uV1bDeCoYEwqFubkNE6Ag2cD%2Bk7rNGaqKuQawiEUpxGwJkCBsmzRABNqxFWrJmCX9TrZFnij%2B%2FxPOeFE%2BPxTYf0LGAvxq615NwcqkrUEAS7pjp4%2FtrCv3ioi7DyYj4l30Z3uFgLAeibdAuZU3FpdNUPMdy%2B24NYCX39a2Hxow5bA%2BfYnAfEtu%2BjgMuKZcHmNaZSDwmVJRucFUamYMUPK7skVu4LLtOlDMxgG4wvPDkgR5FZOrqPf269%2BX37bTFxCoswRy%2BMWygBr%2FQwsCn7IVeMJfszxKV%2F%2BvZK97ZbdtyLFZFIlmz9T9mK9M1L4YCTaoBCvnUUYJfefjgGtFkKPmRq65d7xD7ucFXJyOBChppEYP3l1dphbR0iQLIyQ1KAW1GKSCX0QT%2BtkyCv7q9%2FsByvu0Ra%2BMdBVy2sTyYkrL%2BvpakUhRYliwvBz70xl9sqKkngiMmwuA1pBNLXhQU1I6bNks1BEX1iR8ThCka3E7eA2Q0KwY56hdumIHjfG8r0UmqldUcrDT9oLuToAJ3UZMn2Yygwqfi%2B5wU6tAHVYS9V00bJP9KT0ot4Hd1EcmDngUmFNiYrYm1gM4MdyAfsRLugcxwI4MuBJFTvdyRZ%2Fly9RdG2J0FO9NEUCPDKh4KAAuy%2F67Jms6Zjt8%2FvdE%2Fsjx1lMYdYezJmOWzDNUymMlicYX4eA5Do3jNOAfxAytBCh2PG2zvvpESptXaTwdTcAkX%2BPyGNj3MdtafZtrMlwZmdKKG7hN7tEUBLD8GANrJnv8GotlzMJnq2%2BNmlq1BcJP0%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=108950aa5cbb96da1978f2e14c518bd3bfa3457c72d065e834f15e2e834d0b21

Osaka,
But Rio Tinto/Sav need permission (licences) from Moz to dig it out of the ground first.
Could be a stand-off ... probably Moz Govt will try to negotiate a deal, they are very jealous of SA's mining interests.
Rio Tinto are old hands at the game and will expect hitches along the way ... but even they could lose patience.