Member Info for myfirstmillion

I fed our scenario into a few of the Ai models (as we've heard nothing from our management for 4 months) to get an estimate of how long it might take to get whatever money we had left, back. Low end estimate was 6 months so that would leave us about two more months but the highest end estimate (for complex cases) went all the way out to 3 years to tie up. I'm hoping it's the former and this whole shambles can be forgotten about before Christmas.

Or go for UOG simply the most asymmetric bet you can make on AIM. If they pull off a deal they're sitting on potentially $472 BILLION of oil. Recently been granted licences for a piston core and seabed surveys, they wouldn't have applied if they weren't sure of getting a deal signed is the way I'm thinking,,,

"Best outcome I can see would be to sell WM to the highest bidder(s) . Preferably bidders wanting 20% -25% for overall total of $30- $35m ."

So an asset with that the company believes contains possibly 7 billion barrels of oil worth around $472 BILIION at current oil prices and the best scenario you can see is to flog it at a car boot sale for $30-35 million.

Copper and Gold both looking very strong, let's go!

Gold knocking on the door of 3,700 today if this new CEO can walk the walk we could be sitting pretty here.

Bots that's article is behind a pay wall, so useless unless you can copy and paste it here.

I'm sorry Brad I let most of your flights of fancy go these days but this time I have to say something.

I did speak up about how my broker (ii) was handling things! I posted on here that on ii because they already list ASX shares that it would be a simple task (and probably done automatically) for them to transfer ISA held AIM shares over to ISA held ASX shares and that is exactly what happened. Everything done automatically and without any fuss exactly as I'd predicted on here.

You probably won't remember this but when I posted about that you immediately posted about how good IG were. It seemed to me that you were trying to compete or grab the limelight by 'teaching' the board what to do in the unusual situation we all found ourselves. Why else would you have posted immediately after me? It looked like someone shouting out just to get some attention. Hence my post got lost in the noise of your multiple posts about how good IG were. Ultimately you cost yourself money and others with your blinkered 'I know everything' point of view.

Now you have the cheek to say that no one else spoke up! You really do like rewriting history don't you.

Brad what is your source for this statement "The Kala plans have slipped because delivery of their kit did not happen in August but is now this month."?

I haven't said they 'need' them Bots, I'm saying that it is their plan to scale up fast which includes more drilling. I also put that i wonder how many megawatts one drill hole can support because the truth is I don't know and neither do you. We've never been told the flow rates so it's impossible to know. We do know there's been a lot of water to get rid of and this has hindered flow rates. So even if one well can eventually support 2,5 or 10 megawatts they still want to and need to drill to speed up the dewatering process for the drill holes we already have.

You can stay stuck in the past if you wish. Most people see you and your opinions as irrelevant and as we move into production you will only become more of an irrelevance if you hold onto past bitterness. My advice is to let go of that and embrace the positives and opportunity that now sits before us. You still have a chance of getting back your initial ivestment and even seeing a decent profit in time. Knocking the company continually and ruminating on past company mistakes isn't going to fuel confidence in the company for new investors and it is only by attracting new investors that we will see a rising shareprice and realise value.

Given the proximity to production I'm now labelling this as a 'buy'.

No idea, I just hope it means we're near the end of this shambles.

Based on those figures I asked an Ai what the annual revenue would be for a one megawatt set up.

At 100% capacity factor: $1,576,800/year

it stated that the $0.18 per kw/hour price compares very well against American rates are much lower $0.06 - $0.12

If we can get another couple of one megawatt generators online next year that's some healthy revenue generation. I can see this scaling pretty quickly as long as we get the Kala cash to drill another couple of wells. You'd also expect gas flows to climb as more wells drilled and dewatering picks up pace. I wonder when at full flow how many 1 megawatt generators each well can support...

Brokers have an obligation to route the best price to customers executing market orders which is why you didn't get filled at a higher price Brad. If you explicitly want to pay more then you can put in a limit order but then you may not get filled.

Prices don't go straight up even in the most bullish stocks, they move in waves, patience is needed. Which I know is frustrating when you've already been waiting a long time but that is the reality of how the markets work.

From the rns in October 2023;

Total tonnes of contained copper in Mineral Resource Estimate of approximately 190,000 tonnes. AMS postulate that this could be significantly increased by the drilling of untested areas where mineralization is projected and a drilling programme targeted toward increased gold credit, thereby increasing the overall copper equivalent grade.

Contained Copper not Copper concentrate. Anything that isn't pure Copper metal is classed as concentrate ie. Having other metals present in the rock but when they give figures as above they are talking about Copper metal they can actually derive from ore sorting.

How is that your understanding cloudbay?

Brad that's pointless and only makes you look silly because we've heard from you that you've filtered donkey literally dozens of times over the years but you ALWAYS end up unfiltering him again. Whether on purpose or 'by accident'. It just makes you look foolish now.

That's your interpretation donkey, what I actually meant was that you've been consistently negative for over a decade. I'm sure that stance won't change even when we shortly go into production and start generating revenue.

Thanks prickly for the detailed summary it is very much appreciated. I'm cautiously optimistic, I don't see that choosing the best funding / production plans should be a difficult task for someone of CB's experience so hopefully he gets all the finalised in short order. At the end if the day you surely just choose the lowest cost option maybe give others a chance to beat it with a short deadline, if no better offer is forthcoming then you go with said offer. CB needs to remember that there is a time based opportunity cost to any decision taking longer than necessary. Also 'putting it all in an rns' makes the process sound more complicated than I feel it needs to be. Ai can do a great job of summarising complex plans at no cost then the NOMAD either approves it or sends it back for revision. So yeah cautiously optimistic but given the length of time we've already waited for the licence I'd now expect to see that RNS within one month. I don't see it need take any longer than that, that will be about 6 -7 weeks since the granting of the licence...

You haven't processed your way through anything. You've had exactly the same stance for at least a decade.

Bots your replies are so predictable. Any news from TLOU = Completely negative response from Donkey. That's the formula you've been using for a decade plus and my god is it tedious. Not only tedious but imbecilic. If you truly own shares then for crying out loud get behind your company for once man!