Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
As soon I saw them release more oil figures my first thought was They're trying to get a placing away. Read Sanderson like a book. Keep paying his wages
Vike, going back in to do perfs is easy and pretty straight forward I’m sure they will be doing a good clean up too which should really help unblock clogging. The bits aex missed out is sensitive information and they should of included it in the rns. They may be on a tighter leash than Solo but where well within the code to issue it so no excuses really. Nice to know they have been carrying out evaluation work on kn1 But why could that have not been rns or tweeted. We are moving on slowly and await some juicy news.
Has a great future and it will attract speculators.
Just a waiting game. I think this will get sorted one way or the other. Great assets in a gas hungry country.
I would think. Lots of info to pull together to get through the more stringent laws of a main market listing. GL
All. Wel it looks like INFT could just be in the right place at the right time. Uk gas is running very low and the UK govt wil be seriously looking at ways to improve this especially with their deminishing position with Russia. CBM I believe will will be fast tracked to help out the uk. CBM is going to be a huge area of interest over the next few years. Let’s hope GW gets this away. It looks primed to do so as there will be plenty of backers looking big future gains in this area.
Is that inft will be given a % interest in an enlarged group that will simultaneously list on the main market. So we as investors will have shares in the new company. I would say this will be one of his private companies. 1, I don’t know where that leaves inft in its entirety 2, I don’t believe it would constitute a takeover either. 3, How good this turns out for investors depends on a few things A, How big is the other groups assets/debts and how much will they be valued at B, What sort of % are we to be given in the enlarged group and what that % will be worth. C, There will have to be some sort of fund raise, for how much and how will that affect our % as will be dilution. D, To gain a market listing is not easy as Amadan has stressed. They have a lot of work to do to get this away in time but also the biggy I’m having the necessary funding ready to go If they can pull this off it will be a tremendous effort. The funding side will allow them to move quite quickly to get planning/permits ect to drill some bore holes. Imo- I cannot see them getting this away as I don’t think they have left sufficient time under the current timelines However it still doesn’t mean it won’t happen after the Aim date runs out. Fingers crossed. I hope GW has employed a few good members to his team with good Corporate experience as the main market listing rules are stringent/more expensive and time consuming to implement. We may be waiting longer than anticipated but I still think it’s achievable for sometime this year.
Cannot believe that!!! Goo needs relieving of his duties as the performance and lack of managing a business is woeful at best. They would have known 6 months earlier about ENEO struggles and Cameroon govt not paying and yet they still serviced their needs. Reeks of desperation! Followed vog for along time and they never seem to deliver anywhere near their promises. There’s a great business under the pile of shit. The best they can hope for here is a buyout at present.
Let’s not forget pedls come with time frames and GW has not been able to implement anything due to monetary issues. The investors(backers/money men) will want the assets all tied together. If this happens and they list an enlarged group they will be able to get extensions and funding. I don’t see any other way as GWs hands are tied really here as they just cannot get funding for his private companies. Now the crux here is that assets of a fully listed company are classed/valued far higher than that of a private company due to the reduced risks. Poo going up and fracking looking more positive. As I posted months ago I believe the only way he will get this away is for them to be all rolled into together. He has obviously tried to do just one company/asset and the money men have said no. Interesting times ahead here and look forward to seeing the forward plan. Let’s assume they get several liscences. These will need to move forward quickly or extensions granted. Drilling consents will be sought. Test boreholes will be planned and applied for. Will they try to get fracking consent? They could but this would take lots of time and money as the govt are now requesting drilling companies to have copious amounts of money for these types of plays. If they go straight for a conventional drill without fracking I believe they will get reasonable gas which would start the ball rolling and an income stream to move forward. The uk future gas production is right here as it’s cheap/easy route to market. CBM is now growing at a rapid pace all over the world. China has grown its CBM plays by over 20% just in the last year alone. The time is right this tome around and it’s important GW sees past the end of his nose and not get too greedy as this area is really going to boom over the coming years. IMO
You could look at it another way. Fracking looks like it's moving finally. In this he knows the liscences they hold could really jump in value which causes issues about valuations. The private assets could then secure its own funding without the need of a aim listing This can work both ways so I'm really on the fence here as to what may happen.
GW needs to now make some quick decisions. Hint of a main market listing? Opens up more avenues. Time is ticking.
So, It looks like Fracking will be a factor in the uk moving forward. This is very big news and will change the thinking of many companies. I have banged on the drum for well over a year that CBM will be a big producer for the uk in years to come. If fracking does become the norm then this could produce some very big numbers tcf wise. Fingers crossed he is moving this forward. It will certainly improve his chances as there will be more backers will to invest GL
News? Cheshire West and Chester Council has unanimously rejected IGas� planning application to flow test the Portside well at Ellesmere Port. Meanwhile Rotherham Council has unanimously opposed Ineos' planning application to drill for shale gas at Harthill. The CEO of Third Energy has retired, whilst Greg Clark has said he cannot authorise Third Energy's fracking at KM8 until the company submits its overdue 2016 accounts. The industry is in disarray
We pull this off and they start allowing fracking- WOW Numbers will be big, very big. Lots of scenarios here so just be patient. Deals can change a company overnight ! I think the biggest issue here and why the long wait is actually the evaluation of assets. These take time and money. Those that are in- we have either been very very wise and lucky or we have been had! Typical aim scenario here but if gw can pull this off which I think he more than us would like it to happen seeing as it's probably the only way he's gonna move these assets forward into fruition. What we got left? 2 months. Exciting times ahead- hopefully
Looking good. Am I right in saying it the biggest sport in the uk?
Just popped in to pay my condolences. Carry out a little work for Compass Group. Very very sad news and I wish those connected my deepest sympathy. GLA
Let's not forget the dilution. To get those assets I'm sure inft will be paying a good % of the company in effect to himself and any other stakeholders. There is not many shares in issue already and that's the kicker if they come back armed with a cpr saying x amount of tcfs As the private pi who missed out or didn't take the chance before suspension will still want to be in on relisting of the company. There's lots of different/interesting scenarios here so let's wait and see how Gerwyn plays it. He will certainly want the stock to really take off so I'm expecting some news on getting permissions(might already be on with) for carrying out drilling! Also don't forget this is easy and cheap to carry out. The flow rates will not be fantastic without fracking but in a stable country, quick route to market they can be self funded in no time if all goes to plan
Merry Christmas All Well with this taking longer I'm thinking there is going to be a cpr carried out over the liscences. Costs money but if he wants to make a BIG impact I can see that being announced along with valuations. Now if that happens it's a great kicker for current investors as this could come back with multiple tcf value:0) Would anyone like to put a value on say 2-8 tcfs? I know the herd will on first day of trading! Have a great New Year one and all GL Tick Tock
Liscences are now very sought after so a fairly chunky valuation may well be added. Gw will play all to get this sorted and I can see a Jv being put into place to get some boreholes sink. Min 10 mill up to 25-30 mill. Let them get the valuations sorted whi h certainly takes time to achieve. Hopefully some news soon on relisting.
Worth on enlarged group on relisting Relax and chill as your money will grow from here. That's a 3 bagger from where it's at- At least! GL