Member Info for Major-Tom

Seems people are assuming no news until October. They may get well get caught out. I personally think there is more going on behind the scenes than we know. I assume that if the BOD were free to buy at this time they would be averaging down their personal holdings. There's no reason the offtake agreements cant be agreed and concluded ahead of ratification. Theres no reason MIIF project level investment can't be signed off signed off. As far as I was aware that was dependent on the Ghanaian Stock Exchange listing not the Ratification. Then there is the possibility Assore are looking to make another bid before ratification. There could be so much going on in the background. Guess we wont know until either we get news or we don't.

ALL currentley showing over 9% up on IG. Interesting short term turn around.

Amanda and Neil are well and truly aligned with us shareholders. Given their own exposure to the ALL share price I am sure they are doing all they can behind the scenes to stop the decline and try to kick start a recovery.

What are all these 1 trades about? Very Strange!

I am confident that the ratification will come in due course. MIIF are already around on a $2,000,000 paper loss from their investment into ALL. It just does not make sense for the Ghanaians to delay and much longer knowing that this will simply result in further erosion of their investment in ALL. Given the Economics of the project I am confident that the project will come into production in due course too.

Considering this What chances Assore try there luck again before ratification?

Sorry wrong thread. Doh

I am confident that the ratification will come in due course. MIIF are already around on a $2,000,000 paper loss from their investment into ALL. It just does not make sense for the Ghanaians to delay and much longer knowing that this will simply result in further erosion of their investment in ALL. Given the Economics of the project I am confident that the project will come into production in due course too.

Considering this What chances Assore try there luck again before ratification?

Hopefully Swest. BTW ny by is showing up red so a lot of these red trades could be people buying.

Added some more ALL to my portfolio today. Hoping this is the bottom and with the Ghanaian Parliment re-opening we can see the SP rise in anticipation of ratification and the offtake agreements thereafter.

Catalysts to drive revaluation of NEO.

1. Aquisition of further land / plant. Most Likely Sibanye Beisa Central.

2. Completion of Beisa North and South.

3. Non-dilutive funding confirmation

These game changing catalysts could land any day. Once they do the re-rate should be very significant.

I personally sold out right on the bell. I will be back. Once the confirm the casing had been successfully completed.

Chatting, don't be disappointed or fear the worst if there is no Helium concertation / gas composition when they announce the wireline results. I do not expect it until they have commenced flow testing. For me news flow will be

1. Wireline results

2. Commence flow test and composition. Announce discovery if Helium concertation is potentially commercial.

3. EWT results. Confirm commerciality and inhouse volume estimate for GIP.

CJ, I do not expect the next RNS to provide Helium concentrations. I expect the next RNS will provide reservoir depth, thickness, quality etc. After wireline they need to install conductor before obtaining gas sample to analyse.

Mavrick I am eagerly awaiting news, hopefully next week, on the next acquisition and piece of the jigsaw.

If it turns out to be the Sibanye tenure between Beisa North and South, with the previously producing Beisa high-grade Uranium Mine, the Beatrix 4 Shaft, processing plant and associated infrastructure the roof could blow off this once again.

As per my earlier post I fully expect Ingomar to be declared commercial. Exactly how commercial remains to be seen. But, if like me, you think that we are ahead of pre-drill expectations and pre-drill expectations were P50 resource of 2.3 BCF with upside to 6BCF, an NPV8 of $303m and net revenue, after tax, royalties, Capex and Opex of of $605M. I would say we are in a pretty good place.

I am eagerly awaiting news, hopefully next week of the next acquisition and piece of the jigsaw falling into place. If it turns out to be the Sibanye tenure between Beisa North and South, with the previously producing Beisa high-grade Uranium Mine, the Beatrix 4 Shaft, processing plant and associated infrastructure the roof could blow off this once again.

Hopefully see people taking positions ahead of the expected acquisition news next week.

Great post SI.

Agree on Amsden and Charles. Given previous drilling confirmed reservoir widths and flow rates etc. from these formations and HEX have confirmed significant Helium (673PPM) in the drill mud I cannot see how these could be anything other than commercial. Exactly how commercial will depend on the % of Helium within the Reservoirs. Previous testing of Amsden and Charles recorded around 80% nitrogen, David previously quoted they contained around 15% natural gas, leaving around 5% for other elements including Helium.

Flathead is a much narrower reservoir. However, given that we would expect to see higher Helium concentrations and pressures in this deeper reservoir I also expect this to be commercial. Again how commercial depends on the concertation of Helium. Given that in latest interview David said that flathead was Hydrogen and Helium bearing reservoirs, no mention of Nitrogen and only around 10.3% is Hydrogen that leaves around 89.7% for other elements including Helium.

For me, the results so far, exceed what Bo and David hoped for. David has said that the project is viable down to 0.4% Helium concertation and a Helium price of $125 p/mcf. I cannot see how we do not surpass this concertation in the Amsden and Charles and may be even see many multiples of this concertation in Flathead . And, given that US customers are paying upwards of $900 p/mcf for Helium I cannot comprehend anyway Ingomar will not be commercial. Exactly how commercial we will need to wait and see.

Yeah Newuncle, around 5% up. Hopefully can maintain some upwards momentum. Would be good if we could bounce back to mid 20s before wireline results are released.

If seller is done, we should be able to sustain a more consistent rise when we get the wireline results and then onto EWT etc.