Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
L200 - you mean £638 difference? and the first one was the lower and the 2nd one higher value? Could be rollover but that's a very very cheap one for that volume. and the SP has gone from 1.6 to 1.65...
Can check the patent here:
https://ppubs.uspto.gov/pubwebapp/
then type in "hemogenyx" and the first one (for me) was the patent.
What's great is there is so much action taking place on site so surely an update or something significant happening. looking at the images it is not care and maintenance so it must be something to do with the sale process (if what we have been told is true that they are not mining in the ongoing and conventional sense).
GLA
Islandgirl - did you listen to the presentation? and read the RNS? looks like all the permitting processes (Italy and Spain) would be completed by year end. Either that or you can read it that Spain is to be sorted by year end which means Italy much sooner (as we knew the Spanish ones could take a little longer). if you looked at the presentations and information I posted below then the OPERATOR who imo is the key player here and who sorts it all out, are the ones saying that it would be Q1-Q3 this year for Italian permits. As recent as the 8th Feb.
So no, I don't believe the Italian permits will be that long at all. Let's see if Po Valley give any updates soon.
2nd July 2023: Https://audioboom.com/posts/8326749-sunday-roast-season-finale-featuring-prospex-energy-african-pioneer-golden-metal-resources-ga
---> Italy permits Q1 2024 (also in presentation https://prospex.energy/wp-content/uploads/2023/07/PXEN-Corporate-Presentation-Q3-2023_v11.pdf However here i am sure I saw a more recent presentation with Q1-Q2 timeline).
9th Feb 2024 Po Valley https://wcsecure.weblink.com.au/pdf/PVE/02771027.pdf
---> Slide states Q1-Q3 for permitting for drilling for Italy - UNCHANGED since Sept 23 presentation: https://wcsecure.weblink.com.au/pdf/PVE/02708235.pdf Q1-Q3
27th March 2024: https://audioboom.com/posts/8478910-midweek-takeaway-with-mark-routh-ceo-of-prospex-energy-aim-pxen-pxen
---> 8min55s "... and that cash is accumulating in order to fund the 3 wells that we want to drill in italy and the 5 wells that are going through the permitting process in Spain. These wells will increase the production several times over and they should be producing and I hope before the 18months as I said earlier. It does take time to get these permits in place and the permitting process is hopefully should be completed at least by year end if not a bit before."
Additional question is if all 3 Italian permits arrive on the same day or if this spread of time is to assess and confirm each permit as standalone (imo more likely and better for our drilling program).
GLA
For BOTH Spain AND Italy (as it was not specific and the use of the words 'permitting process' was only mentioned in the case of Spain specifically... Grammar wasn't so good or clear but i tak ethat to mean both sets of permitting because that was the semantic field, it wasn't split out to IT and ES.
Therefore IT likely much, much sooner as we otherwise have already been updated with RE most recent presentation.
Good news that Spain will be completed by year end!
Andin the meantime we now have zero debt, and decent profits building up the balance sheet.
It is nice to have at least one company in my portfolio that is making waaay more cash than it spends!!
GLA
It's a guess - it was just 3 weeks ago Oilboy said May so no idea. I think the End Q2 is the upper limit as per the most recent presentation - but drilling also overlaps that period if I recall correctly. Basically anytime between now and then
Go ly dow - shouldn't be any CLN sellers left - low vols the last week or two (1.6m rollover excluded). There won't be any new shares on the market so rock bottom prices are done. Get in whilst the goings good if not already in.
Worth actually remembering what you just read in the RNS!
"Surplus funds generated from our assets are being accumulated in the Company's investment and joint venture vehicles to provide funding for future projects, *in particular* the three wells planned in Italy and the five wells going through the permitting process in Spain."
Priority 1 - 3 wells in Italy (timelines expected to be in the nearer future than Spain, assets generating income in the meantime)
Priority 2 - 5 wells in Spain (El Romeral generating income in the meantime)
Priority 3 - Future projects
And even better no dilution as company paid back the amount in full! Proves the cash is available for any doubters - and that it's coming in monthly.
Also note a load of Po Valley Operator RNSs in Australia yesterday and today - lots of buying going on their end as well
Don't forget we do have services provided by the Prevail affiliate Infoworks who are providing support for the Phase 1 trials (as per 18th Sept RNS). I suspect our US office, Immugenyx, is the main point of contact for this as Infoworks is a US company and we are working through the FDA now we have been cleared (for P1 trials). Here, Prevail partners isn't quite a JV, but we did get a decent exchange and part funding at 6p back in September.
Let's see if they come more on board
GLA
Best to filter the old moot. If the muppet can't tell that ciz is worth just under half of HEMO (with FDA Phase 1 trials starting imminently) yet appears bullish on it then they haven't got two brain cells to rub together.