Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It’s very difficult to read the market on AIM, it is so frustrating at times, but every now and again you get the big one, just when you didn’t expect it, not surprised with the small rise with today’s RNS as the agreement was expected, now if we get good production test results at the end of this year, all bets are off, I’m going nowhere for a while GLA
That’s the first news I have been waiting for, all going plan GLA
Paragraph from today’s RNS:
The willingness of Valkor to now accept full payment in shares is a huge vote of confidence by a sophisticated and capable technical partner and the Company believes it is a validation of the potential of the Company’s extraction technology at the Asphalt Ridge, Utah facility.
This is also positive news for Tomco with regards to JV with Valkor
Apologies if it’s not clear, as I see it, Greenfield will be upgrading the existing Petroteq process plant and if successful and Tomco manage to produce the estimated maximum production of 10,000 bopd, from Tomco licence’s, then surely there is no capacity for Petroteq to produce from there existing licences, I just don’t understand how this plant is to be shared between the two companies.
Basically I am asking, will the plant be shared between Tomco and Petroteq and what will be the total bopd production capabilities of the plant, as Tomco alone propose to produce 10,000 bopd
Can anyone let me know if there is any information with regards to the sharing of Asphalt Ridge process plant. If all goes to plan and eventually Tomco do produce the estimated 10,000 bopd.
There would be no capacity then for Petroteq to produce there existing production capabilities, it’s the only part of the plan I don’t understand.
Why would you sell at this price, most investors are holding for the inevitable news, it will come, but we all know it’s a few months away, time will tell how far this can go, but with £5 m cap and a possible 10,000 bopd production, creating $460,000 a day revenue, then anything between 7-15p plus is possible.
This is not exploration anymore, it is modifying existing technology to produce more high quality fuel, ready for market and in demand, what’s not to like GLA
Interesting video of Petroteq‘s existing Plant process, apologies if previously posted
https://content.equisolve.net/_9276a4be85c64cfbdcfbfb84df2a5167/petroteq/db/114/2290/video/Follow+the+Molecule.mp4
I particularly like this paragraph from today’s press release:
Petroteq’s management is looking forward to sharing further details on the recent announcements on the relationship with Valkor and TomCo in the coming days.