Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Looking at the map in the March 12th RNS, there is a significant amount of Lithium in the general area, but not much within the boundary of BHL’s property.
“Bradda has transferred 55 unpatented lode claims to Arizona Lithium's subsidiary, Big Sandy Inc., to the amount of roughly 1,136 acres”
Can’t help but think that BHL’s long term plan is to sell, trade or lease land with Lithium reserves rather than mine for it themselves.
Incidentally, a chart on this page indicates that the price of Lithium hasn’t so much plunged, but rather returned to the price it was in back in 2021. Perhaps Lithium prices in 2022/2023 were inflated?
https://www.mining.com/web/chile-to-define-lithium-contracts-by-june-mining-minister-says/
I keep topping up while the price is low. It’s definitely a long term investment.
It’s interesting that BHL describes itself as a “lithium explorer”, not a mining company, suggesting that they might intend selling or licensing the mining rights to another company. Compass Minerals and Energysource Minerals aren’t too far away and both have contracts to supply Ford with lithium.
Interestingly, Ford have also had to source lithium from SQM in Chile, possibly due to a shortage of lithium in the U.S:
https://www.reuters.com/business/autos-transportation/ford-strikes-multiple-lithium-deals-ramp-up-ev-production-2023-05-22/
BHL has always been a long term investment. It’s not surprising that some investors have sold up and moved on which is reflected in the share price. I can’t help but feel that money makers are buffering the share price though. Every buy I make appears on LSE as a sell (sold by a money maker to a stockbroker?).
Maybe this is little off topic. Could anyone explain why some shares that I recently bought in Bradda Head Lithium would be listed on the LSE share dealings page as a sale? Could the sale indicate that they were bought from a money maker (who sold the shares)?
“Hi All, I just released my review of the interim results for Bradda Head Lithium (#BHL). In this video I look at the current status of the 2 main projects as well as a deep dive into the financials of, what appears in the face of it, rather a costly business, albeit full of opportunity. Please share if you like… https://youtu.be/CIJtn8S4S3Q “
Thanks for this. Personally, I feel really positive about Bradda Lithium. It’s taking a while but it’s going to be worth it. Operating in a business friendly country such as the U.S. makes it even more attractive, particularly when you consider the corruption, politics, military conflicts and human rights violations that seem to plague other businesses in the mining or oil sectors.
“The lithium-clay mineralisation remains open to the west, and north, indicating further resource upside, as backed up by the previously reported 1Mt to 6Mt LCE JORC Exploration Target identified by SRK.”
Feel very positive about this. Lithium makes the world go round. Especially if it’s battery powered. The fact it’s in the U.S has got to make it attractive to EV manufacturers. A battery powered car typically contains around 60kg of Lithium so demand is high.
“Turkey has sought negotiations relating to the damages it was ordered to pay in the case and wants a permanent resolution to open arbitration issues before resuming flows, sources previously said.”
https://thearabweekly.com/turkey-ignores-iraqs-request-resume-flows-northern-oil-exports
I can’t see this situation lasting very long. If Iraq turns off the tap then everybody is out of pocket, including the Iraqi central government. Panic selling over the next week or so will give some the opportunity to top up.
Yes! Just what we need to recover from the dividend drop.
“Gulf Keystone confirms that a gross payment of $64.8 million ($50.7 million net to GKP) has been received from the Kurdistan Regional Government ("KRG") for Shaikan crude oil sales during June 2022.”
Copied and edited from the CNBC App:
“European markets close higher as oil and gas stocks lead gains. Oil and gas stocks jumped 4.1% to lead gains in Europe as most sectors and major bourses traded in positive territory. In terms of individual share price movement, oil and gas firms Harbour Energy, Shell and BP all rose nearly 5% to lead the European blue-chip index amid a broad rally for energy stocks. Global markets are settling in to trading in the second half of the year after the first half — dominated by concerns over inflation, the war in Ukraine and the potential for a global recession — ended last week.”
“ GKP to tender 2nd drilling rigToday 09:12
MEED are reporting today that a 2nd drill rig will go out to tender for GKP - and that another rig presently on-site at SH will have its contract extended.
https://www.meed.com/iraq-focused-oil-firm-to-tender-second-drill-rig”
GKP are obviously on very friendly terms with the officials in Iraq. I can’t help but think that as other companies lose their contracts GKP will gain more.
"Today's session is postponed until July 17, 2022, to give the plaintiff's representatives time to provide the court with a copy of the production sharing contract related to the defendant," said Judge Mohammed Ali Mahmoud Nadeem.
Does this mean that Baghdad is offering GKP and the other 2 remaining companies production sharing of the fields operated by the 4 companies that are leaving the region?
GKP are smart enough to know that co-operating with the Iraqi Oil Ministry is better than going against them. GKP have come such a long way over the past few years and has incredible potential to go even further. It would be a mistake to lose it all by being loyal to the KRG.
“Looking ahead to the remainder of 2022, we remain focused on delivering gross annual production of 44,000-50,000 bopd by bringing SH-15 online in Q2 2022 and optimising production with a well workover programme.”
“Submitted draft FDP to Ministry of Natural Resources in November 2021 comprising plan to increase Phase 1 gross production plateau to between 85,000-95,000 bopd while eliminating routine flaring”
I don’t see how giving Baghdad control over oil contracts will be a problem as they have said that they will renew all existing contracts with oil companies. Aren’t the payments made by the KRG to GKP paid for by money from Baghdad? If so, then cutting out the middle man so that GKP get paid directly from the Iraqi central government might add a level of security regarding future payments.