Member Info for Lastofthesummer

Was thinking about baling on this share. Just rewatched the May 30th interview with JA . It's a binary play based on can they get the financing for the drill and rig availability . It's not really the usual is it or isn't it a duster .

if you havn't seen the interview its on the corporate web site and is well worth a look as it is very detailed on where we are.

I decided to stay in on the basis that underlying asset hasn't changed . JA gives the impression he understand the market for rigs and fnance thereof in O&G and isn't dissmissive of the complexities of what needs to be acheived . I think having a less " gung ho" Ceo on the case increases the chances of sucess.

As i said it's binary but with a far greater upside than 50/50 so i will stay patient

GLA LTH

I dutifully watched the interview. It's not the most scintillating watch as maybes 80% of the content is explanation around the market context for Financing small Oil and Gas projects. I couldn't really disagree with the what he articulates but he basically gets to a position of Patience needed and i wasn't left thinking a rabbit was about to come out of a hat any time soon

JA seeemed confident of the Rig and getting availability. Explaining that the fact that its a 31 day drill plan hasn't been helpful because its a small project

We all know this is a binary punt. I guess most LTH like me think the oil is there and can ultimately be extracted. Fingers crossed the equity financing or asset based lend comes through over time

GLA LTH

If I am understanding the tech correctly if ( as would appear to be the be case from the updated QBT website ) then a key route to monetisation of of the 2.6X alogorithm is to point your mining equipment at miner at a QBT hosted server that overlays the optimisation for each block calculation .

That sounds huge .. quickly scaleable ...controllable... monetisable ..protectable

I must be missing something or the market is even more inefficient than I thought . If its as "simple" as it seems why havn't people twigged and the SP moved to reflect this . I can't beleive that it's because the key release vehicle was a PRN rather than an RNS .

I am confused but patience

GLA LTH

A reasonable enough update in this mornings RNS. At current burn rate they are financed for 2 plus years

What i did find interesting is that for the Stearex micro cells they have 23 orders from 20 customers . That's very surprising . Normally i would have expected to see orders from one or two customers only in this kind of tech product . 20 customers tells me the sales team are being effectively but more likely that the market demand is bigger than I thought .

I have always been minded to think that its the Goliath batteries where the real money lays. Maybe it can play out with Stearex generating the cash to fund the Goliath development .

All up a steady as she goes RNS I feel

Https://www.londonstockexchange.com/news-article/QBT/bitcoin-mining-update/15949547

For good order the link to the annoucement on the London Market today. Its a PRN rather than a RNS so isnt on the LSE site.

Its a good update as it confirms that the approach works in terms of mining sucess and saving electricity . I think the wording could have been clearer

Historically we have talk about the technique being x% faster . Now the reference is 2.6 times more likely to mine a bit coin. That I think means if you had a volume set up mining say on average 1 bit coin a month using the QBT approach you woukd get 2.6 coins . Thats an increase of 1.6 COINS so thats a 160% increase

I think if the messaging was centered on the 160% increase people would understand the significance of this now validated break through

GLA LTJ

Glencore will probaly wait until the mine is up and running and the cost base established .Then take a view on the Life of mine against the final proven materials in the ground and if they can buy and its acretive then the buyout offer will come . I think the Horizonte management have done a good job getting the Nickel identified and getting Finance to build but in the longer term these large mines end up in the hands of the majors. No problem with that us PI's who stick around for the journey will have made a nice profit along the way

GLA LTH

Agreed Dain.

I know these things take time and usually i have the patience of a saint but the management here should be doing more to reinforce the notion that we have a large asset in the ground and they are working fervently behind the scenes to get to a position to extract it.

I think a clear rearticulation on of the strategy and some positive marketing of the company would be the order of the day. I beleive however if memory serves me right that the CEO is somewhat reticent to put himself into the spotlight . Unfortunately that's not really how the mining stock space works on AIM . When all said and done we are to a large extent investing in the management . I can think of several examples like Shaun Day at GGP or George Bennett at RBW where the frequent professional updates let one " Keep the Faith ".

Hopefully we get some positive news soon :)

GLA LTH

That's a good question and one i suspect that people better than I can answer in the absence of a published DFS .

Based on the RNS's they have said 1.2MT pa output . ( That's undertstated as it's off partila resource ) but at 128 USD a ton that's about 153M USD per annum top line. As undertand costs this is a cheap opertaion and is open cast type mining with low capex of 20M. From what I can research Costs should be in the 40 /50 dollar a ton range. Please someone who knows tell me that's OK or I am smoking dope !

So providing the price holds up with the agreement to sell to AA this will be quickly cash generative. The company will no doubt give the final picture in due course but at the current price a producing mine is not baked into the price as far as I can see

GLA LTH.

I would agree with the premise that this should bounce post the suspension

I have had a couple occasions where auditors have changed and new enterprise accounting software is being implemented. Both cause drlays to the normal course of business

The recent rns was pretty clear it was a process / procedures issue. Had Deloitte identified a " black hole " in the numbers this would have had to be annouced . Even if only at a potential risk level

My expectation is accountscwill get issued in the next couple of weeks alongside info about how the supply chain is working through the excess stocks in thevmarketplace

It was that that caused the drop from 50 p ish . Also expect expect an update on the cost control program. When that lot lands logic says the stock will rerate upwards

I originally got interested in Heiq because of its IP and 10 year plua track record of sales and profit . The fundamentals dont change once the current problems are worked through. Aa a result i am minded to think this is a buying opportunity at an depressed price . Could of course be wrong but nothing ventured nothing gained

ATB LTH

SW

I share your sentiment ... the last deals of the day were for peanut amounts .. eg 8 quid etc ... why do people bother if its just not to manipulate the price . We had a .35 to .45 spread thats 25 % which I always feel dissuades sensible investors coming in
Hopefully confirmation of the refinance and some good gold extraction levels and we can continue to get back to a sensible valuation for a producing mine

GLA LTH

This share is a refreshing change from most on AIM The management communicate clearly with detail and rather than "lifestyling" at the shareholders expense actually get on and make things happen.

This going going into production with an excellent cost base and a committed offtake partner in Glencore . The second mine will most likely deliver a positive DFS .

A bit of patience and cash flow starts in 2024 It's one of the few shares i own where i dont worry about a dilution RNS dropping . Whats not to like ? It will rerate slowly over time

Todays RNS confirms that to a high probability the Gas and condensate is there and with a high probaility of being extractable

To my mind there is a complete miss match between the Market cap 38M and the value of the resource providing one thinks that common sense prevails and a LNG plant on TL and a pipeline to it is built. I do so this for me is a long term hold and should multibag along the way :)

RnS out today with a 600K convertible loan at 0.08

Key here for me is having access to finance is good for negotiating position on farm out .

In the grand scheme of things what matters is getting the field development done and the gas flowing faster

The share price should hold while we await feedback from The CEOs ' visit to India last week

GLA LTH

A good RNS today with good assays results causing the usual excitement.

For me though the really important news was that the Tender offstake prices received into the IOCA vehicle are within the scoping study ranges. That we will go mining and cash generative in the near future. Yes subject to native lands sign off and mining licence issuance .... but this is Australia and its already in a mining area so I can't see much risk there.

My view is this is off to the races and the "silver" results are icing on the real cake

GLA

It's fair enough that Stalker took control of the situation . As Chairman he is there to oversee matters in the best interests of Shareholders

I think though we can read through all this that a Rig ( or at least positive news thereof ) is not close to being delivered. If it were with the AGM coming up then getting rid of the CEO would no doubt have been side stepped as the news of the Rig would have masked the Operational shortfalls.

This share requires patience through to 2024 if you think the Geology is sound and the info from the failed drill supports meaningful gas in the ground .

Goldstinger

He was pushed. He's a non exec director at East Star. At most that's 7 or 8 days a year . Reading the Board packs and attending Board meetings on a quarterly basis. He didn't leave for that reason. The guy was a ramping under deliverer. Stalker outted him to protect his reputation .

I think the most encouraging thing ... and FG said it ... is that they have been testing against their original speed increase and methodology and they have found it repeatable ... ergo it works. If they had tested and it didn't that would have flagged an immediate fail . Now they just need to push through sufficient volume of testing to indepently confirm the speed increase. That release could be close . GLA LTH

Good morning all

Anyone upto speed on what's likely to be in the Condemsate column?. Vitron will survive in heat and cold and is resistant against most Hydocarbons. It will struggle with ketones. So i guess the pertinent question is does Gas field condensate contain Ketones ? If it doesn't then most likely Vitron seals will work

https://www.calpaclab.com/viton-chemical-compatibility-chart/

The above links to the compatability chart for Vitron

GLA

I think there are a few others lurking in the back ground :)

I hope we have here a lull before the storm ... Is RW trying to tie the early Feb India visit in with the annoucement .
I could see he would want to be on site to check results in situ and coincidentally there is, I believe, an Indian located gathering of the Oil/Gas industry Great and Good

So maybe we are stareed of news until then ? at least the share price is moving up :)

Very Good News .... getting involved in producing an "industry standard" cell set by the Car Manufacturers is a smart way to get adoption of the solid state technology. Even better in some repsects to being allied to just one Manufacturer.

As J47 noted .. that one of the Manufacturers is BMW is a major major plus .

GLA