Member Info for Klein57

Funny old world.

In February Harry told us he bought in £5k at 8p and sold out at 7p.

Just saying so that others can put his comments in the context of him no longer being a holder, unless he's going against his own narrative and hoovering them up at these prices.

Be good to hear Harry's assessment of the much tighter spread and slow tick upwards.

The unsuccessful Total Block 2913B is at the extreme south west fringe of the Namibia licence area and some distance from the Kudu production field, which our prospective blocks are adjacent to.

Not every egg is s bird, but we're very well placed, if our applications are successful. Results soon, apparently.

Risky,

Any positives for you in Namibia news pending, renewables contacts and/or sale, onshore farm out or Anchois development ?

Thought not !

Get on the bus out of here then before you lose your shirt .

Some objectivity to counter Harry's negativity:-

Namibia - we have bid for two block adjacent to the Kudos production area. Highly lucrative if we get them. Results due soon.

Anchois - I think we will retain the licence and find a partner to develop the asset.

Renewables - short/medium term this brings us a cash injection and a revenue stream, in my opinion.

Project Nour - some way off but we have a stake.

Harry,

My glasses are more rose tinted.

I think ENOG pulled out of Anchois because they knew before they drilled that they couldn't afford to fulfil their contractual obligations. Their commitment to pay dividends and the collapse of the sale of assets was foreseen and they needed an exit from Anchois. Remember, N&S were confident of the scale of the asset, even upgraded it when they did their CPR.

Loukos - that has not been flow tested because the company needed to preserve cash in light of the ENOG reversal. It's ready to be flow tested and I don't agree with your glib assessment of its potential.

Two sides to every coin Harry. If you are still a holder, I can't understand why. If you aren't, your opinion carries no weight, despite being entitled to state it.

Tiger,

You may recall the RNS from URU in the following terms:-

URU successfully completed the disposal of the Zeb Project, located in Limpopo, South Africa (the “Project”) to ZEB Nickel Corp. in August 2021 and the Project remains the primary focus of URU, through its 73.81% interest in Zeb Nickel Corp. and URU’s continuing role as the technical adviser on the Project.

I'm happy the bloke in operational charge of Zeb is no longer Mr Zorbas.

Apologies Tiger, you are right.

Zorbas is URU CEO but the main string puller is the CEO of Zeb, formerly CEO of Eurasia, Mr Nieuwenhuys. He's the mover and shaker that I hope will bring value to URU. Zorbas is untouchable with his holding in URU but what enriches him will do likewise for us. But as far as I'm concerned, the initiative is likely to come from Mr N.

Solo,

You'll have to go back many years. The history is chequered and tortured, to say the very least. If you can go back around 10 years and research the activities of John Zorbas, the largest shareholder, you may see how this became, in my opinion, his lifestyle company. Nothing moved on under his leadership and the potential to maximise the asset all fell away.

Under our current CEO, things look very different. He has a track record of achievement and seems keen to engage and move things on .The exact opposite of Mr Zorbas - again, in my opinion.

Hi Obs.

I think the Namibia blocks bid will come in shortly and move the sp considerably. The energy pillar is building value and hopefully will give us a revenue stream in the coming months.

May all of your eggs are double yokers too. Happy Easter.

Now he's gone, it's shot over 6p. Hame he's not here to see it - NOT !!!

This is a classic example of why some should not be given unsupervised access to computers.

Probably like most on here, I've been in this for many many years and had these in the bottom drawer for most of them.

Now I'm getting excited but still need this to get 25p plus before I'm happy.

I don't agree with Harrycarter's predictably bleak assessment. I agree that the news we're waiting for is on 2714A&B and that our interest in 2312 has expired. Good job too as the southern area where our interest is, shows significantly more potential.

Fair comment KeithOz. It's worth remembering that the SP increase preceded the article, so was not the cause of the rise.

Lesley50 - I defend your right to say what you think, but that's a very strange thing to say. Are you aware of the ENOG partnership, Chariot's history with Anchois and the terms that apply as the resource develops ?

Thought not !

Richie, I’ve asked anyone who has a PM thread with you to send you the new link.

I too was at the AGM. AP used the word ‘imminent’ when pressed on the timescale for news of the partnership. I don’t think he was being ironic as he was equally as enthusiastic in the informal session that followed. Surely we’re close now.

OH - yea, I removed the show well. And I remember Andy Williams shouting at the bear,

‘You ain’t getting no cookies, not now, not ever, NEVER !!!’

At the AGM, AP was confident that the protracted negotiations will lead to a better deal than if we had settled on one earlier. Lots to look forward to with positive newsflow once we get past the partnership announcement. May even see a few of the brokers targets met, or at least get close to over the next few months.

Eggs very much sunny side up.