Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From Advfn:
ssrover3 Oct '23 - 08:52 - 345 of 346
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so expect more investor engagement. I suspect the first will be announcing the JV partner for Konkola West £2m mcap
There’s been torrential rain in Georgia this week and severe flooding in Tbilisi, which might impact on crew getting to and from the well site. That might explain why there’s nothing coming out from the company and no evidence of insider buying, nor selling imho.
From the Facebook page of the State Agency for Oil and Gas in Georgia: https://www.facebook.com/StateAgencyofOilandGas . The Ministerial visit clearly demonstrates the support that the company has from the Georgian State, compared to the obstacles placed in FRR’s way by the same agencies, so Block must be doing something right imho.
Hit the translate button for English version.
The mine at Mufilira is Mopani and it should have a new owner with a big cash injection by the end of the month: https://www.bloomberg.com/news/articles/2023-07-02/zambia-to-pick-investor-in-mopani-copper-mines-this-month?leadSource=uverify%20wall. Hopefully GLR will have access to the processing facilities.
Here’s a link to a post on the Facebook page of Business Media Georgia: https://l.facebook.com/l.php?u=https%3A%2F%2Fbm.ge%2Fka%2Farticle%2Fblock-energy-m-saqartveloshi-navtobisa-da-gazis-mopoveba-gazarda---shedegebi-%2F138406&h=AT0M0Jbqf2TZ5pVIJG2mcwBQeQgrEKrnWwknCR7eeAJURhmEkiSDidaLhTTZmnZPJu0vLCN0rUlciE4samVjqwS6LF6-7cVhpdBb8RwaYaUZlJm15Yy1_POLNFbu9hEOd_mI4hSZGmrx&s=1
As well as providing some good PR for BLOE the picture looks different from the other well sites we have seen and could possibly be the new well site gearing up for some action. Happy to be corrected though if anyone can prove that it’s a previous well site.
Interesting analysis on Afrimat can be found here: https://www.infrontanalytics.com/fe-EN/30621KS/Afrimat-Ltd-/financial-ratios
Looks like CB might see this as a very good investment despite the stock’s performance in the year to date.
The final resolution is to amend the company’s articles of association, but no detail is currently available. This could be a precursor to some M&A activity, and hopefully we will have a RNS tomorrow providing the notice in full. Unfortunately I will be on a long journey but will try to get online once at our destination.
Has anyone received notice of the AGM? The reason I ask is that ii have invited me to vote on the resolutions but without sight of the full notice I am loathe to do so. I checked the company website yesterday and it was not on there.
We were always going to be shafted compared to the intrinsic value of Togo, but This draws a line under it and removes all doubt about funding the next payment on DC which should now become a cash cow. I am therefore very surprised that the stock isn’t up a lot more than it currently is.
So much negativity here today, but today’s RNS needs to be read in the context of this extract from yesterday’s: “ The success of these wells was based on the culmination of the knowledge gained from previous wells, which have all added to the Company's understanding of the sub-surface and its ability to build a model that informs and supports future drilling. I am, therefore now confident that our geoscientists can use 3D seismic attribute analysis to accurately locate the natural fractures that give high levels of productivity and that our operational staff can drill horizontal sidetracks through pressure-depleted, faulted reservoirs with cost-effective efficiency.”
In other words it is a very low risk well with a high chance of success, but from yesterday’s RNS it sounds like the PAT-E1 sidetrack will be drilled prior to that - so a spud announcement could be imminent, with a further well to spud in July imo, so don’t let your minds get boggled by those who have a different agenda here. The gremlins are active on Advfn too and will do everything they can to prey on the minds of inexperienced investors.
Probably because the deal hasn’t legally completed yet. Looks like the Togolese media have jumped the gun, but if Keras end up with 76.5% of a fully permitted project I would imagine most shareholders would be delighted.
Anyone who has done their research properly should be aware of the South Dome gas storage facility which has been several years in the making and the key to the country’s energy independence. I’m not sure of the current state of play with it but they had a tender out for it’s construction a couple of years ago.
Sounds to me like the gas offtake agreement is the key to securing a farminee to monetise the deep gas in Block XIB. In time that would unlock massive value for shareholders, but you’ve got to wonder if they’ve already got someone lined up for that. Someone who might have dictated that this deal is what needed to be done as a preliminary?
Maybe the quarterly update and an interview will provide some more info….
That’s a bit emotional diggit when we’ve yet to know the full facts. What we do know is that Togo has a big resource of phosphates which the state is very keen to see developed and KRS is now a producer of phosphates, so what if there is a deal brewing here whereby KRS takes on a phosphate project in country in exchange for the state getting a bigger piece of the action on Nayega? That would set a nice precedent from the state’s perspective and should suit both parties even though KRS’s share of Nayega would be diluted.