Member Info for PAUL1DEANO

'.the SP would also shift if Haythorpe suddenly had a "business trip" to the Philippines.....90% of Danglay!..........and much more.'

Do you still need a vaccine to enter the Philippines?

Oh I forgot to add,

Just watch the positive toxicity appear in the interview to tick all the 'green compliance' boxes.

Evidently the earthquake will have had a set back on Turkish operations, that is understandable.

I really want to know how Balkan side of the operation is going to be accretive to the SP, when and how will that kick in?

You are destroying your country!

https://www.youtube.com/watch?v=95I0-Qdl0LU
'Why Net Zero Won't Happen
It is deluded, damaging and destined to fail.'

and go down the wrong path,

An interesting opinion on net zero and green communism
https://www.youtube.com/watch?v=95I0-Qdl0LU
'Why Net Zero Won't Happen
It is deluded, damaging and destined to fail.'

This is the worry I am having with,
'Our attention is now turning to operational improvements and cost-saving measures and the additional funds secured from Ariana will enable us to work in collaboration with our Cypriot partners on several important studies, not least determining the best solution for generating solar power on the site.'

How do you get operational improvements and cost saving measures from solar panels?

Whilst engaging in this folly we could be missing out on the opportunities appearing before our eyes in this multi polar world, this really is a game of timing and going for Net Zero and ESG may mean we miss this 'golden' opportunity.

Well more evidence of this multi polar world and the bull case for metals,
'Why China Is Suddenly Releasing News About Its Gold Purchases: World Gold Chair'
https://www.youtube.com/watch?v=reQMBne2b8o

My question to the board would be are you under the spell of green communism to the detriment of the share price?

have you seen some of those electric battery cars blowing up, there was one in china and it went 50ft in the air

could you imagine the heat in Cyprus being hospitable to a bank of batteries in an an earthmover,

in my best dragons voice - transitions to renewables is not investable and for that reason I am out

this is a possible reason for the lengthy delay, they are waiting for copper demand to increase so the price sky rockets so they can fund this twinkle toed green commie nonsense!

UJO did a cash redistribution and share buy back.

Still got the windfall tax problem!

In fact the more I consider this green conundrum the more depressed I get but on the other hand it is also exciting.

It really is make or break because if we get it right we are the envy of the mining industry but if we get it wrong there are no profits to be made.

Evidently that Ribera lady is as left as the hard shoulder on a 1970s motorway and does not understand capitalism, she just thinks the mine is there for the government to do what it pleases from it. Profit and shareholders are an evil.

But can it actually be done a solar power renewable energy mine? Maybe 50/50 but the actual earth moving is still a fossil fuel process!

'The Co. answers with a "motherhood" reply and thinks that has satisfied the questionnaire.'

https://en.wikipedia.org/wiki/Toxic_positivity

'However, small cap oilers are not likely to make their fortunes in the developed world so they have to spread their risk in the developing world so that a problem in a single jurisdiction does not bring the entire company to a halt.'

Windfall fossil fuel taxes anyone?

'Zenith as I keep saying are actually in a very good position at the moment. They have cash-flow coming in from producing assets and once they acquire one of the bigger licenses that AC has been clear that they are targeting over the years then the company trajectory will change. I can see the path to the future and I am confident in it’s eventual success.'

Yes the pressure is on, this is not for the feint hearted.

Just wished they had spread their risk in a safer jurisdiction, maybe Turkish oilfields?

If Benin fails we are done in, the pressure is on.

One would expect we are at the finishing line, but we need a really big show of good faith from the Govt of Benin.

AC this does not make sense!

' and if sanctions on Russia will finally slash the energy giant’s supply. '

Oh how amusing, as if!

Use of Proceeds

The proceeds of the Financings will be used to provide additional funding for
the following:

• Negotiation and planned finalisation of a Production Sharing Contract for
Block 1, Sèmè oilfield in Benin
• Technical and managerial appointments in view of planned operations in Yemen
• Additional funding for the development of Zenith’s Tunisian oil and Italian
natural gas production portfolio
• Business development activities in Africa and the Middle East
• General working capital

Whatever happened to the second Tunisian lift?

whoopy do,

How can the Chairman and Directors of any board for a mine plan for the future if the equipment and methods they are using to extract the metal out of the ground will suddenly become outlawed or subject to unfair taxing or they then have to become part of the carbonomics token exchange system?

Sure we can do all the exploring and say yes go mine there but we have to reduce our % of the cut to the actual miners because of the afore mentioned!

Turkey also has it's very own green communist who happens to be unelected but no doubt effects change from the outside,

https://www.al-monitor.com/originals/2023/01/turkey-plans-expand-renewable-energy-sticks-coal-nuclear

(Commenting on the plan, Bengisu Ozenc, director of the Sustainable Economy and Finance Studies Association, argued that the use of fossil fuels could be reduced faster with a higher renewable energy capacity.

Expanding the use of renewable energy is crucial for Turkey, Ozenc told Al-Monitor, underscoring the far-reaching ramifications of dependency on imported energy. “Renewable energy investments are important to avoid the cost of imported fuel and improve the current account balance,” she said. “But there is another increasingly important impact, which is on inflation. At a time when high inflation is a global problem, we see that renewable energy investments are brought to the fore in fighting inflation.”)

We are really entering into headwinds in the mining injury and Dominic Frisby recently made this commentary,
https://www.youtube.com/watch?v=WICrBGzg5t8

Importantly he states one country gets it!

Is the fight against climate change hitting the mining sector and the analysts have taken a look at it and seen the profits to be made are not clearly evident?

Have a little look around IRENA
https://www.irena.org/Energy-Transition/Outlook

and this interview with Teresa Ribera Minister for the Ecological Transition and the Demographic Challenge of Spain
is noteworthy to
https://www.youtube.com/watch?v=MbxsC9UCIho&t=196s

These people despise mining and what to remove any profit making incentive out of it.

I have not looked at Greek Politics closely and where it ideologically lies at present, but woo boy, are they green earth communists?

I'm sure some of the majors are able to test these new super vehicles but where is the cross over point where the junior mines cannot afford to engage in the noble cause of fighting climate change.
https://thedriven.io/2022/11/24/caterpillar-tests-massive-battery-electric-mining-truck-destined-for-australian-mine/

Do we then have to surrender more ownership to get more senior players involved to meet possible future ESG target figures who can help finance these wonderful vehicles?

Whilst researching the option I came across,

https://www.lse.co.uk/rns/AAU/convertible-loan-agreed-with-venus-minerals-z76vybrxbqfzoqb.html
'The Loan is conditional inter alia on confirmation from the Apliki JV partner that the drop-dead date of the Apliki Subscription Agreement has been extended from 30 June 2022 to 31 December 2022; such extension was approved in June.'

Holy Smoke I missed this,

'Our attention is now turning to operational improvements and cost-saving measures and the additional funds secured from Ariana will enable us to work in collaboration with our Cypriot partners on several important studies, not least determining the best solution for generating solar power on the site.'

Solar power for the site!

Here is the problem, we are into the realms of Green Communism an expensive endeavour.

We then have to have storage batteries on site as well.

Maybe it is part of the process of operating in the EU, I am now very concerned at what is emerging.

I now think we should ditch the Cypriot/ European Union part of the operation, we are not going to make money out of it.