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Not when its so rare they can't find it.

The market hopes its rare earth assets aren't as rare as the gold in Clogau.

Hardly any money changing hands... very low volume.

As it reads Chariots get 50% of ETUs share of oil production up to 4000bopd... if production goes up Chariot are capped at 4000 and if production decreases Chariot get 50%.. eg daily production 6000 Chariot are entitled to the 3000. Production will drop over time, so I asked AI figures allowing for a 15% yearly decline in production. The oil production over 10 years, starting at 8,000 barrels per day (bpd) and declining by 15% annually, results in the following yearly production figures: 6,800.00, 5,780.00, 4,913.00, 4,176.05, 3,549.64, 3,017.20, 2,564.62, 2,179.92, 1,852.94, and 1,574.99 bpd. of which Chariot would be entitled to 50%. Just as a guide but even allowing for declining production it will generate decent revenue.

Yes and etu seems to have all the funding in place so it looks like the other deal is dead in the water.

An update from BW.........BW Energy today provides an update regarding its previously announced agreement to acquire interests in offshore Block 14 and Block 14K in Angola.

BW Energy and its partner Maurel & Prom have been notified that one of the existing joint venture partners in Block 14 and Block 14K has indicated its intention to exercise its pre-emption rights in relation to the transaction.

The agreement entered into between BW Energy, Maurel & Prom and Azule Energy remains effective until the execution of a new sale and purchase agreement between Azule Energy and the party exercising the pre-emption right.

Etu Energias (formerly Somoil) has exercised its pre-emption right to acquire assets from Azule Energy in Angola.

Africa Intelligence

Africa Intelligence

+1

The Transaction: Azule Energy (a BP-Eni joint venture) had originally agreed to sell its 20% working interest in Block 14 and 10% interest in Block 14K to a consortium of Maurel & Prom (M&P) and BW Energy.

The Pre-emption: As an existing partner in these blocks, Etu Energias intervened to exercise its pre-emption right (right of first refusal) on the sale.

Status: Etu Energias is moving to secure the assets, with reports indicating a, estimated $195 million deal supported by financing from Shell's trading arm. The legal process regarding this pre-emption right has disrupted the original deal with Maurel & Prom/BW Energy.

Adonis Pouroulis intends to subscribe for approximately US$2.5 million (£1.9 million)... good to see hes putting some money in.

I hope you are right Smooth it would save time.

There will need to be a shareholder vote and I think they have to give 3 weeks notice but that will be after the prospectus and deal being finalised bar the vote and then a short suspension after which the new shares will be listed.

Concentrate doesn't mean gold as we found out last year.

Very little activity trading wise, most people are just being patient and waiting for the RTO to complete. Its worth remembering UPSA want this to go through just as much as we do.

There have been numerous quartz veins discovered and mined at the Clogau-St David's Gold Mine that contained no gold or only trace, uneconomic amounts. In fact, finding barren (white) quartz is common, as the gold is highly localized in specific, discontinuous "shoots" or "pockets" rather than being evenly distributed throughout the vein system.. according to Ai.

I agree research note values have to be taken with a pinch of salt but Aptamer have so many fingers in so many pies and revenue streams starting come through via licensing the future looks bright.

Pyrite sparkles.

Topped*

Toped up under 10... worth the risk as I feel confident this will go through.

Https://www.investegate.co.uk/index.php/announcement/rns/aptamer-group--apta/technical-feasibility-for-pathogen-detector-/9433559

We've been waiting months for an RNS on the Motzfeldt results (so far ) and it tells us very little that wasn't already known. They've known Niobium, Tantalum and Zirconium have been present at Motzfeldt for over 30 years. Where is the detail thats going to push the sp forward ?

It will be good to see the RNS with the prospectus notice once they have everything in place.