Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Not one, but three, new posters today.
But same old....
Tick tock.....
My next thought, and I suppose I'm not alone with this, is the extent to which this severe seismic activity, albeit 1000km away, might affect the known seismic data and interpretation at Guercif.
More than 600 dead, according to the BBC News. Truly shocking. My heart goes out to their families and loved ones. I expect there was absolutely no prior warning.
Not to mention general price inflation of everything since the DFS was produced. Piedmont made a very smart deal, fixing their contribution in $ terms rather than %.
Sorry, I meant ALL, Atlantic Lithium, not ALK, Alkane.
ALK, in the lithium space, has a well documented financing arrangement with Piedmont, with links to Tesla, to fund 70% of the capex requirement in the DFS, to production, in return for 50% of the offtake, essentially. Only 3% of the tenure property drilled to date, to generate a 106% IRR in the DFS. Sound familiar?
I would like to think that this US/China interest in Orom-Cross could be sorted by a similar, non-exclusive but substantive offtake/funding deal, leaving plenty of room for BRES to grow future revenues and profit after the bulk of the capex is provided for.
http://www.rns-pdf.londonstockexchange.com/rns/8445L_1-2023-9-8.pdf
Maybe the delay with the DFC is because of a jaw widening similar arrangement coming.
What a load of bull.
This part of the last operations update rns does suggest they will rns when achieved:
"The adjusted schedule for delivery of the Sandjet equipment is currently being put together by ECS and a further announcement will be made when this is finalised.."
Look, it's really simple.
When a deep pocketed energy supplier joins forces with Prd in a commercial venture to develop a CNG project in country, that event will transform the investment perspective held about Prd, and bury the naysayers in an instant.
I can wait for that event, but I do feel it will not be a long time a-coming.
In the meantime, it's switch off time. Enjoy this Indian Summer.
My green boxes are growing by the day.
Makes you wonder why so many are fretting over a slight dip below the 11p placing price.
Thank you.
Presumably a "consortium" wouldn't just be interested in a small size, 25mmcfpd CNG operation.
Production at scale is what will drive the sp to multi bag.
Sorry, I missed yesterday's posts, mainly because most are from greened out boxes. What rumour is floating about?
Which end of September for closure are you thinking of?
JH, it is, if the flow test numbers come in as expected or better. It isn't, if they don't.
Can't say I am surprised by the lackluster sp movement today on that RNS.
Somehow, the initial excitement about what is down there at MOU2 and MOU3 has been dissipated by time, a large placing, and the very real issues faced by a small band of hard working experts logistically and needing to get EIA approval for future work.
Investors probably understand this and have given PG a lot of slack. Newcomers will be expecting almost instant gratification, which isn't going to happen. Hence the blah sp, representing a stand off.
Still everything to play for, but this looks increasingly likely to be a 2024 home run story.
Those on here who were hoping for a partial sale and dividend payment by year eand will be somewhat miffed by this rns.
Back to bed.
Surprised AK wasn't in there already with another proposed deal.
So the secrecy continues.....
"We floated in 2014 at 56p and we deserve see some progress to get us over that price and off to the races soon."
That just about sums up what a lousy investment this has been for allconcerned. AK must take the prime responsibility for the abject failure to create shareholder wealth in that time. I mean, 9 years and counting.....?