Member Info for Piscator1

Courtesy of Recovery Stock on Advfn:

Hot commissioning complete in Utah, now ramping up commercial production for the JV. I confirmed my understanding of RNSs - we get paid in full for the raw material we put into the JV at a slight discount to what we would sell it for elsewhere. We have a decent stock pile to get going, but they are looking at an 8-10KT mining campaign starting soon. As things stand the JV can sell everything that we produce and we get 50% of the net profit from those sales on top of the profit from selling the raw material into the JV. Effectively cash flow concerns are a thing of the past and they are confident of meeting final payment for FI and debt repayments when due entirely from Utah. The focus going forward is expansion in Utah - there is room for it at the new site.

The tender for Togo should be awarded soon, but we should not bank on getting much money or when, so what we do get comes as a bonus.

They are working with Shard to get some financial forecasts done and will do a roadshow in Sept so the market can finally see the value of the company.

Sorry. Please ignore my last post. Was thinking of another stock I hold although the first bit about trading this stock still applies.

I’ve experienced no problems buying stock with II. Maybe you should call them or use a fill or kill order. Am expecting them to announce commissioning of the new plant in Utah this week, based on their most recent tweet, and review of tenders for Togo project the following week - so we should see some further price movement imo.

The numbers to look at are Graham Stacey’s option exercise prices in this RNS: https://www.lse.co.uk/rns/KRS/operations-update-and-award-of-options-6akzdfx3gmv1zgr.html He won’t want to lose them and must consider that the price targets are reasonable. He needs to do a bit more PR though in order to get this stock on wider radars imo.

Whilst we are on the subject CNPC already have a big presence in the Kura basin in Azerbaijan as evidenced in this archive article: http://www.china.org.cn/english/25869.htm

Block’s west Rustavi license is virtually next door to it, so they must be front runners for the farmout imo, and the recent diplomatic and political activity between China and Georgia really does suggest that they are moving in for the kill imo.

So does this: http://news.cnpc.com.cn/system/2024/02/07/030124615.shtml

Look at the number of references to the Belt and Road initiative. Georgia is the key part of this.

If anyone has any doubts about CNPC being the front runners for the farmout read this article and the links contained therein: http://www.cnpc.com.cn/en/speeches/202209/bf817e8f7eaf42858c8392e986bd20a5.shtml

They seem to be to be streets ahead of the competition imo and the recent meeting with the Georgian Government reinforces my view.

I was wondering when someone would notice 😂Still a long way to go just to get back to the placing price, but the buying flurry does certainly suggest that some news is brewing.

There’s no need to be so rude Roger. Until Thursday, which saw a massive increase in volume here, we were generally only seeing two or three trades a day and none at all on Tuesday. Yesterday’s volume was therefore very reasonable in the circumstances.

Here we go again, buys flooding in now, so it looks like we will have some decent news on Monday.

And then look at the maps and gold grades in this RNS from MILA: https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Liontown-Completes-Drone-Survey-at-Kathleen-Valley/93260928

It’s got multi bagger written all over it imo.

It’s also down to the neighbour’s recent discoveries with its market cap growing rapidly: https://www.asx.com.au/markets/company/bgl

Check out their two news releases on 18th March.

Probably not long after a draft RNS hit the Nomad’s desk imo 😂

I’ve topped up twice and both have shown up as sells, one immediately before the market makers lowered the bid, so don’t be fooled - there is strong demand today for this stock and the market makers are up to their usual tricks to free up stock by manipulating the spreads, and knowing how the algorithms work on platforms like lse and Advfn.

Rlightor- you are correct as I took a screenshot of the shareholdings page a couple of months ago and have just done a comparison. Judging by the number of large buys we have seen today (but many presented as sells thanks to the silly spread) I suspect that one or more of the significant shareholders are at last adding to their holdings.

The time scale might be uncertain but the significance of this statement in the RNS should not be ignored: “ The farm-out campaign is on schedule with ongoing discussions with a range of interested parties." PH would not have been allowed to make that statement without providing appropriate evidence to the Nomad. All we need now is some leakage of who’s been in the data room and this could take off like a rocket imo.

The troll keeps repeating the lie that “they can’t get it out.” Anyone who is stupid enough to be taken in by that should review the flow rates in this presentation: https://www.blockenergy.co.uk/wp-content/uploads/2023/12/black_sea_dec_2023.pdf

Many thanks Early Bird. I joined the Hive but am yet to find the Q&A on there. Seems like an absolute bargain whilst the stock is trading at such a large discount to the recent placing price though.

Missed that Early Bird. Can you provide a summary of what was said? It’s clearly brought some new money in here today.

Hepseal, that’s the formal announcement regarding the appointment of a consultant to liaise with the interested parties. The process effectively started with the presentation to the Turkish conference back in December.