Member Info for panman

Where does the $3M come from ZEN? I have from the RNS $200K they've paid as deposit with a further $1.8M to be paid upon completion via a direct issuance of shares to Devonian giving $2M altogether.

The rest of the $5M appears to be being paid in kind via the drilling of the first well using ZEN's drilling kit so no shares issued there and also thought ZEN had access to debt markets now too so struggling to understand your maths?

Don't really care anymore how much you're down ping. Its your own silly fault for holding/averaging down on bad news.

Would also suggest you couldn't care less about any shareholder except yourself so not impressed with your "I worry about shareholders mantra." Its just dribble to make a troll feel better about his postings.

re their metals strategy how come you can't work out that they won't have one til they know what level of funds Slovenian court cases are going to raise. Rest of the market has worked it out why can't you? Is it a case of you don't want to or are you really believing they can work out a plan for S America without knowing what their future cash position will be?

Only asking as confused by your apparent inability to comprehend such simple stuff.

News so good even the trolls got out of bed early just to knock it! lol

Truly excellent news for holders and the beginning of vindication for AST for hanging on in there and suing the butts off these crooks.

8 Million euro's likely coming down the line with final assessment end of Q1 or a mere 12-13 weeks away.

Happy days for all but our trolls.

From PPP's last update they're already backtracking. Now its only "potential."

Tom Evans, PPP's Chief Executive commented: "I'm very pleased to announce that our agreement with UKOG on the potential Horse Hill seismic and drilling farmin has been extended to 30 June 2024

Thanks Mark, 2 trains a week for the last three weeks is very good news imo.

Good to see. Didn't hva rise a couple of days before hvb last time? If so a repeat would be welcome imo.

Looks like the margins on Russian coal will be coming down again thanks to transportation costs.

Should keep some pressure on coal prices I'd of thought?

RZD OFFERS TO SHARPLY INCREASE TARIFFS FOR COAL MINERS AGAIN.

Russian Railways (RZD) suggests to significantly revise the principles of tariffication of coal transportation.

However, amending the coal tariff class from the first to the second will lead to a sharp rise in the cost of coal transportation, a 20-30% drop in the margins of coal companies and the closure of the main export routes. Meanwhile, the revenues of RZD will soar 2.3-fold.

This measure also looks contradictory amid constant tariff hikes. In 2024, the railway operator plans to adjust tariffs by 10.75%. In 2022, the inflation adjustment amounted to 18.6% to the level of 2021. In addition, there were targeted tariff increases, as well as the abolition of incentives for coal exports. In 2023, the tariff was increased by 9% and the cancellation of lowering coefficients for coal export transportation was extended.

Despite this, RZD proposes to classify coal as cargo of the second tariff class, and to transfer the authority to determine the need for state support of the coal industry to regional administrations. Currently, the railroad has three tariff classes:

· first, with a discount (coefficient at 0.55-0.75);

· second (coefficient at 1);

· third, with a surcharge (coefficient at 1.54-1.74).

In 2022, RZD has already proposed to move coal to the second tariff class, changing the coefficient for cargo class from 0.55-0.75 to 1.346. However, this measure would have made supplies of steam coal from Kuzbass in the eastern and western directions unprofitable.

https://thecoalhub.com/rzd-offers-to-sharply-increase-rail-tariffs-for-coal-miners-again.html

If you mean Horse Hill don't mind that so long as its played for the benefit of PPP holders and to be honest expect more delays there as PPP concentrate their cash resources on Texas, seems to be the way they're going.

Expecting the UK regulators to slow things up anyway its what they do.

re your earlier post about Nobel Petroleum have you noted it wasn't a related transaction as you thought at the time Nobel is simply their Texan subsidiary?

"Oil sales for the month of November totaled 4,468 barrels. Pennpetro has an oil sales agreement in place that will see the oil it sells for the month of November paid to Nobel Petroleum, its 100% Texas subsidiary, on the 20 December."

Good to see thanks Erik, 5 or 6 trains expected this month too so BEN's making pretty much full use of these higher prices.

Thanks Flagstaff, appreciated and so is the proposed growth in the snippet there.

atb,

HVA $289 HVB $248

Margin getting larger, good to see.

HVA seems to have snuck up again, sure it was $281 last time I looked on their site. Now £285.

They're not Nobel is PPP's 100% owned subsidiary is all.

"Oil sales for the month of November totalled 4,468 barrels. Pennpetro has an oil sales agreement in place that will see the oil it sells for the month of November paid to Nobel Petroleum, its 100% Texas subsidiary, on the 20 December."

I liked the interview, right from the first question I got the impression he was wanting to be honest and as open as he could.

Metcoal bull myself so if it doesn't open at £1 will be a buyer in the morning.

Https://www.youtube.com/watch?v=XQd4BIIhUKc

Just seen the shareprice. Guess we're not all full of confidence in the upcoming investor show.

Thats not what he said in the interview though is it? He said the proposal was with the minister and would take as long as it takes, wouldn't commit to 1st Q next year even.

Know it doesn't mean it won't happen soon but it was still a backtracking interview imho regarding timelines and how definite it all was to go through.

Bit early for a webinar though. Can still taste the toothpaste.

Reckon we're all waiting to see what production and more importantly sales are at the mo imo.

No idea until the investor events whether insiders have been selling through pre knowledge or if its just pi's losing faith and/or trust.

Hoping its the latter but we'll see.

HVA $281 HVB $245.

One less thing for Adam to worry about at the investor events then.