TechMin, the battery metals recycler/explorer, gave an operational update to London South East. Watch the full video here.
Zag - take a wild guess why NO ONE not even THE BIG BOYS bidded for the licence back in May 2020? The Pandemic in full swing? Oil prices around $20-$30? Oil out of favour toward Renewables?
And where are we now? Eh?
Demand stronger than ever, Oil prices above $110, majors shifting their focus back to Oil, huge supply squeeze (already evident before the Ukraine conflict but amplified even more since), therefore much more focus on the need for more domestic reserves and independence on Oil, you get the drift (that was an answer to your stupid post by the way. Your welcome.
Now. Onto the Area OFF-1 licence in Uruguay formally signed off for CEG. I think further developments with this very very attractive licence will be expedited such is the interest by majors. Even if a 70/30 or even 80/20 farm in happened, for CEG to get a 20-30% stake in what could be well in excess of 1BN barrels being funded, developed and produced by a major would be absolutely mind boggling for CEG and I expect this to happen fairly quickly in light of the RNS -
"The AREA OFF-1 play system is directly analogous to the recent prolific, conjugate margin discoveries made offshore Namibia by Total (the Venus well) and Shell (the Graff well)"......
......"The AREA OFF-1 licence exhibits the same Aptian play source rock and petroleum systems being present.".....
......"The Company has received multiple indications of interest in relation to potential partnerships for the AREA OFF-1 licence. The Company intends to explore such possibilities, with a view to potentially expediting a 3D seismic acquisition into the first licence exploration period.".....
......"Even more significantly, very recent mega-discoveries from the South Atlantic conjugate margin to Uruguay, offshore Namibia, from two wells drilled by majors in the past few months, have calibrated and confirmed the play source rock and petroleum systems evident on seismic in OFF-1."
The simple fact is the value of the licence as it is right now has probably increased in value and appeal by nearly Ten fold since 2020. So recent TR1 holders including the billionaire Mr Carnegie and us recent holders in at around 0.09-0.10 stand to see our investment potentially bag over and over again. Eventually even those still in at the 2-3p mark may turn a profit....
There is no pump going on here, just an ever growing group of people who are realising that this is undervalued based on the Mcap, progress made over last 6 month's and the licence in Uruguay.
There are plenty of people who have lost huge sums over last few years but whatever people think of the past, this is a great price to be in at, just not if your unfortunate enough to be in at 2-3p plus hey Johnny ;))
"have seen an opportunity to use recent RNSs to create the illusion that some amazing turnaround is at play"
Have you actually heard yourself on here ffs??!!
You can write as many nonsense paragraphs and write as many nonsense posts as your little fingers will allow but you ain't fooling anyone anymore. This company is going places and confirmation of the licence in Uruguay is a game changer ;)))
Briggs and Co quite simply have a vendetta against everything and anything that CEG are doing because of the past. Based on the last 6 months of progress this company has made and the plans in place along with yesterday's news of the licence in Uruguay, I'd say these cretins are the dangerous ones who should be ignored at all costs unless you want it to seriously harm your wealth ;))
"the big boys would have been all over it."
The key is the date? May 2020 when the licence was awarded to the company, just shortly after negative oil prices and months of oil in the 20-30 dollar region.
So at a time when the pandemic was in full flow, at a time when "the big boys" as you put it were busy trying to diversify into renewables and transition away from oil, not acquire new areas and prior to the Ukrainian/Russian conflict which has put oil firmly back in favour for investment due to a huge long term supply squeeze, I don't think it takes a genius to figure out that without all that going on they would never have been awarded it. Timing and a degree of luck was certainly on their side and will hopefully soon reap the benefits of such luck...
Positive thoughts from him on CEG and Etyon .....
"A year on since Eytan Uliel took over at CEG things are just showing signs of growth as they have re-evaluated the Uruguay well and found it to be still of significant interest, in fact even better than before as a result of success in similar basins.
Whilst not running before he can walk I still have a strong belief that if anyone can turn the company around then it is Eytan. This gives shareholders some feeling of upside in their investment and I wouldn’t be at all surprised for those patient ones to be rewarded in due course."
Sorry is this classed as ramping by Malcy as well Johnny Briggs lol
Johnny Briggs - do I need to remind folk on here of the fact that I care not one jot about what you have to say about me eh eh LOL
CEG is about to have it's day, I'm already 50% up on this one, plenty of gas left in this tank ;)))
"been here since 2015 with the old company and i didn’t vote for this and it should never of gone through as the deal looked after them and not us !!"
Well let's examine that statement you made earlier. The good old days of PSL and BOU, 99% of shareholder value was already wiped off the map prior to this RTO and shareholders were on the verge of losing every single penny if the deal with CIZ hadn't gone through, as suspension was fast looming here.
This is and always has been the risk with early, struggling AIM companies yet to make any real terms revenue or even actual profit, something which the old company failed to achieve.
The difference this time is that we can see the roadmap since relisting for a real turnaround and near term revenues for the first time ever.
Yes the SP is crap, but have a look around, the market's in general are crap for reasons which I don't really need to go into, the company have delivered on every single milestone so far, the signs are the product is good and a potential huge money maker. The only theory I can surmise on the sells is that one of the seed corn financiers has carried on selling out their position's for cash for their next venture ( bearing in mind the SP isn't important to them as they will have been granted X number of millions of shares on relist for providing necessary funding ) The shares they were granted wouldn't have cost them anything so one way or another they are making a profit.
Just one or 2 catalysts are required now for a re-rate here, our time will come....
Posted over on Twitter.....
Study Documents Rise in Global Lung Cancer Rates Over 30 Years https://ajmc.com/view/study-documents-rise-in-global-lung-cancer-rates-over-30-years via
"Results of an epidemiological study that spanned 30 years and 204 countries concluded lung cancer remains a major public health issue globally"