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So Disko farmed out! Decent terms too. Was half expecting news on the bio fuel project this a.m but not this blockbuster news from Greenland.

Will let the sp look after itself for a while as imo this is going to be a massive co. down the line.

Are you T.W Newbie1965? only "Show me the money" was where I first saw you making a fool of yourself is all. Seems a bit sus to be quoting that?

Thanks ASHTON and not bad imo.

Wonder what the Yanks think when 80 M tells them "yes that's ONE of our projects. Glad you like it!"

Thanks for the heads up on the stockbox interview, About to watch..

https://www.youtube.com/watch?v=_4K3uOup2tk CMRS 58 mins in

They were open to jv talks at the time the interims were released. Will have to see what they come up with. End of day Its a large potential helium resource with offtake at the well arrangements in place so there will no doubt be interested parties sniffing around.

"Georgina continues to negotiate with potential off-take parties, and we remain open to strategic partnerships that can accelerate our path to development while managing risk and capital exposure."

Its having trouble getting past the 50dsma is all Sir-H. Happened last time, few got thrown out the bus then it doubled. Be interesting to see if history repeats.

He's not stupid he's just a bit of a numpty.

25M share raise at 5p would do me. Minimal dilution and shares in issue still and £1.25M raised. Think that would be quite the catalyst for share price explosion.

Drillings Approved?? Can see why the shares moving.

Starting picking a few up this a.m again as this mornings news looked pretty good if un noticed by the market. Reminds me of SML at .3p. Not meaning they're about to fly just that they look very cheap for how they're progressing .

Looking forward to assays coming in next fortnight too and updates on early production.

ATB to the holders.

This is the first time they've RNS'd drilling won't be til H2 next year. We were expecting it this year so maybe that's why the delay in the rise?

Sellers may have forgotten Disko and yesterdays news already??

Holding strong as firmly believe its onwards and upwards once they're done.

Incredible no's here imo. I'm still trying to come to terms with 8-24M euro's net profit from Biofuels/yr and now they'[re hitting us with 13B barrels potential N. Sea oil at Greenland.

Glad to be in on this one.

I didn't say develop Disko without a partner I simply stated they could prove up Disko further with a drilling programme on their own if need be which would not be dilutive in any way it would add value but never mind.

Good answers from you though thank you ASHTON will wait for the partner RNS after your post and not for too long by the sounds of it. They'll just have to find something else to do with all this excess cashflow to come.

Re Q1. Ans 3. Do they still need a partner for substantive news on Disko after today's news?

Twitter post caught my eye earlier..

https://x.com/surface4air/status/1983110301143969992?s=46

With that level of net profit won't they be able to hold a drilling programme for Disko next year with or without a partner? They don't need the funds for the oil project that's free carry so option of enhancing value at Disko by drilling seems likely RNS some time soon farmed in or not?

A 3 for 1 share consolidation on the 29th June would be genius imo. Low but genius all the same.

Get that. My point is that's pointless as they have no choice in the matter. It was 80M's right to buy not the vendors right to sell (or refuse to sell).

Unlikely Rick as its always been 80M's right to take up the full 100%. More likely scenario the futures so bright they've grabbed the lot. Vendor still looks to have a lot of skin in the game though with the shares issued to them as payment down the line?

"· 80 Mile is proposing to acquire up to a 49% stake in Hydrogen Valley for a consideration of up to £2.0 million in cash and the issue of such number of new Ordinary Shares as is equal 29% of the Issued Ordinary Share Capital of 80 Mile (subject to shareholder approval). Further, 80 Mile would also have the option to increase to a 100% interest in HV exercisable at any time commencing on the date falling 12 months and one day from the date of exercise of the foregoing option and lapsing on the date falling 24 months from the date of exercise of such option, for an aggregate consideration of £6.05 million (to be satisfied in cash or by the issue of new Ordinary Shares in 80 Mile, the split of cash and shares to be determined at the time of exercise of the option)."

Kinds looking like it going to be a mega project revenue wise for 80M. Very handy news for holders this a.m imo and they expect the shares to triple by June?

I don't see a lie in their last placing? They stated it was enough to advance both projects not to drill..

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"This fundraise strengthens our balance sheet and ensures we have the resources to progress key workstreams at Hussar and Mt Winter. With significant preparatory work already underway, drilling approval for Hussar expected, and the ALRA agreement for Mt Winter advancing, we are well positioned to deliver value for our shareholders."

and 22nd Oct RNS highlighted the issues they'd had getting here so no wonder they spent a few bob..

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"Georgina's operations team has worked tirelessly to overcome numerous obstacles since December 2024, including extraordinary weather events, flooding, restricted access, expanded resource profiles and detailed undertakings. This Environmental Plan approval is the final step required ahead of the Drilling Approval, allowing the Company to extract helium, hydrogen and natural gas at Hussar."

Maybe maybe not but not really much of a threat anyway is it? Only 123M shares in issue and they've got all the way to final predrill approval already plus the last placing was at 5p which was the level the sp had been at for the last 10 days odd anyway.

If they do issue another 20M shares at 5p for another £1M of funds so what with the prize on offer imo.

Think myself the grants will be ongoing. This first one matched one of £760K ish was down to the drilling costing £1.5M odd but Cornwall council have £184M to give out so likely lots left in the pot.

From the bottom of the 20th Oct RNS..

About the CIOS Good Growth Fund and UK Shared Prosperity Fund

This project is part-funded by the UK Government through the UK Shared Prosperity Fund. Cornwall Council is responsible for managing projects funded by the UK Shared Prosperity Fund through the Cornwall and the Isles of Scilly Good Growth Programme.

Cornwall and Isles of Scilly has been allocated £184 million for local investment through the Shared Prosperity Fund. This new approach to investment is designed to empower local leaders and communities, so they can make a real difference on the ground where it's needed the most.

The UK Shared Prosperity Fund proactively supports delivery of the UK-government's five national missions: pushing power out to communities everywhere, with a specific focus to help kickstart economic growth and promoting opportunities in all parts of the UK.

For more information, visit

https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

For more information, visit https://ciosgoodgrowth.com