Member Info for Lastofthesummer

Lets get real. No JV partner (worth partnering with) would sign into a JV agreement until the imminent results of the lift is known an Flow rates established before or after needing to plug the field .

So the sequence logically is ... Lift sucessful or not

Plug needed of not

Flow rates established

Then signature the JV against a back drop of knowing the commercials

I think thats a 4 to 6 week window.

Hopefully its good news on the flow rates as thats what drives the real value creation

GLA LTH

Shortshrift

I think the update will be somewhere betwixt your too extremes ... as Roland oft says " we are dealing with rocks " I wouldnt be surprised if the lift hasn't gone quite to plan and we get a delay of some sort ... As for the JV that's just not happening until they know what the actual output is. No one is going to invest in devloping the field when they are this close to knowing what the fracking actaully delivers in the real world. I don't believe the line that the JV is not dependant on the current results from the field

Fingers crossed it all comes good. Its the time for patience

GLA LTH

Finally we get an update that audit has been completed. I for the life of me can not see why it took so long to complete. Especially as the main underlying issue seems to be related to tge timing of revenue recognition.

RNS confirms cash position is OK.

The management of this share has caused a big confidence shock. Wouldn't be surprised if we see a drop when trading resumes as peops vent their frustration but hopefully after that the share price will rebuild because this has historically been a cash generative business with lots of IP .

My gast remains flabbered at how long it has been suspended. Even allowing for the complexity of any software integration they were undertaking

GLA LTH

One would like to think that prior to the award of the grant that there was some kind of external scrutiny that sees some kind of long term sucess. I have always thought its the EV batteries where the big money resides so fingers crossed they can get this to a point where they can sub licence etc to monetise the large solid state cells.

Good news I guess ..no more delays . Let the artificial lift begin :)

All

Anyone aware of the inner working of the JV in terms of access to Telfer

The RNS today states " Subject to a positive Feasibility Study and Decision to Mine, Havieron may leverage the existing Telfer infrastructure and processing plant"

So is that "MAY" leverage in that its' a right ... or "MAY" leverage in that its a possibility ? If it's a "right' then the linkage betwict Haveiron and Telfer is mandated and that gives SD huge negotiating leverage

I can't help thinking Newmont will see Hav as a great way and quick to demonstrate the value in their Aquisition. They will either "off load" Have and Telfer and that will create value cf the recent report ( the logical strategic buyer is GGP) or they will buy out GGP. It looks with patience its a head you win tails you win situation from the current share price. Just requires patience

The interviewer was very poor. There were questions on timing and title that needed to asked and he didn't . In fairness the New CEO answered what was asked of him but he is clearly inexperienced on the " corporate" side and basically an operator . Nothing wrong with that given the stated aim is to get into production. I think the PR advisors missed a trick as they could of briefed him on the key comms points that would be expected and he could have bridged into them

Alas not so we know the "what", they are working on the "how" with the DFS and FID just no scooby do on the "when " because of the Native Title issue.

I am in too deep to back out now alas but still minded to think "Its Aus ..Title will be OK " Shares stuck in bottom drawer until next year GLA LTH

A good interview. Has to build confidence. None of the 'weasel words" and pre positioning and caveating that is usually seen with these AIM Life style CEOs. Ayling has always given me the impression he wants to go from exploration to production. That Hainan are still on side and the Mali Government seem positively engaged augers well. Fingers crossed it becomes a fully signed deal in the not too distant future. GLA LTH

All

Any petrotecheads got a view on the RNS quoted 130K to 150 SCFD stabilised gas flow pre the lift . Is that a good base to work from ?

GLA LTH

A pathetic management purchase of shares....I was just thinking I might do a bit of bottom fishing but with the CEO's obvious complete lack of commitment I will pass. Seldom does a Management Purchase hold back a share this one does ! ....total "unselfawareness " of what ones actions signal

I am confused .. the resource is there ( worth 100s of M USD ) . the infrastructure is in place to get from mine to port to sea..There is a tier 1 offatke partner lined up .. yes we are pending some permits but this is Australia so common sense will prevail . 18Million Market Cap to me is nonsensical even with some doubts on Management . as I say I am confused

They are producing gold with decent uptime and recoverability so the production is efficient . They are making real money because of the resultant low all in compassing costs which means they are now commercially financiable .

I would expect they can get the financing done once the FCA approve the the prospectus. Fingers crossed they are setting themselves up to expand the Operation and step changed the share price

Happy enough now :)

All

Lots of people cheesed off by the delay to first production and anyone who has been in the stock for a while will of got wound up by the silver failures.... but I am here for the Iron and I am struggling to see what will stop this going into production in 2024

It's Australian with good Road to port access. Portside access is secured. it's "easy mining " as its strip and collect and the ore is close to the surface. AA lined up for offtake. I guess there is a risk over "Aborginal" sign off but that usually gets sorted and it's in an already mining area.

9.1Mt of ore resource at about 100USD per tonne is the thick end of 1B USD of asset and I can't beleive the mining costs will erode that too much

Why is the Cap only 18M GBP seems a wait to production and the price should be much higher with a say 10 year life of mine . What am i missing ?

Good luck All LTH

I can't help thinking that FG would benefit from some basic media training. It's an Ok interview when preaching to the converted but its not going to get new investors into the stock. He had loads of opportunity to reiterate the performance gains previously released and restate the whole raison d'etre of QBT and exactly what " product"will bring monetisation

Frustrating as we seem to be getting close ... Patience as ever

Thanks for the Link Cadellin

I watched the full hour and apart from the disappointing ( but understandable) need to out source the production when it goes to scale , the management made sense and seem to be progressing on both Stearex and Goliath.

Its a long term hold but it looks like some peops are buying in given the price rise for the longer term gain

GLA LTH

Ok so since the dewatering can begin and if we assume the bat issue is over come and a mining licence issued then are there any historic indcators which give a feeling for how profitable mining could actually be?.

Anyone know what the AISC was when the mine ceased production. My understanding is it stopped producing because the Gold price was low and that was lower than the production costs. I don't think that would be the case today ? Am I right or wrong

Also in most fields technology has advanced leaps and bounds . i kinda get the feeling the old mine was a few knarly miners following seams they encoutered on route . That probably is ill informed nonsense based on a UK holiday taken decades back and a mine tour somewhere. Surely though today were they in the mine the ability to target more precisely where the seams lie hidden from view would greatly increase productivity.

Is my quaint Snow White and the Seven dwares meets a now Star Wars Mining light sable cloud cuckoo land ?

If they get producing at historic levels have we got ... well a proper gold mine on our hands . ? I can't see any sustainable premium for the fact that the gold is Welsh. Romantic nonsense what we need is just lots of a high priced commodity extracted at a reasonable cost. Does history suggest that can be acheived ?

GLA LTH

A rare AIM stock that has a plan and is implementing it ! I will top slice on production and then free carry for the inevitable divi or the take out by Greencore :)

All i see todays RNS as a positive ...we know the lifting kit is in situ and when it will be deployed.

Any of the real " petrolheads" got a view on why they have changed the approach to opening up the fracking access points. I presume its because the local partner wants to knoe the max flow but I don't know enough to be sure

GLA LTH

The thing that kicks this share price upward is confirmation of funding and rig availability. The RNS contained information already that was already in the market so its not surprising it didnt move forward . In fact it merely served to re emphasise that the funding and the rig are not confirmed so we nudge down. This requires patience and belief in JA

GLA LTH

The field analysis obviously leaked hence the huge volume yesterday. It's looks to be very good news to me from a lay mans" perspective .

I venture to suggest that the information is in play with the JV / Farm out partners where it will certainly help in negotiations . That hopefully is the case and most probs where the leak came from . We can but dream

:) GLA LTH