Member Info for Sausageonstick

....all put a buy order in for 0.06p !!!!!

I feel a barnstorming RNS is on the way. Lots of news to update the market on...

From 21 Oct 2024 07:00 RNS Number : 8552I

1) The vein material recovered so far will be stockpiled at the central camp until we finalise terms with a local producer - have the terms now been finalised?

2) Initial revenue will be reinvested to accelerate mine development and optimise gold production - Has NTVO now received initial revenue?

3) Boku....has now increased operations at the Bonanza mine's first shaft ("Bonanza") to three shifts per day......Boku plans to increase again the number of shifts working at Bonanza from three to six, accelerating mine development and scaling production volumes, potentially achieving between 8t and 12t of vein material per day - Have the shifts increased to 6 shifts a day?

4) establish a gold ore processing plant - has one been obtained?

5) in the medium-term, to expand its operations to the exploitation of gold rich tailings - has a deal been done?

From 14 Oct 2024 07:00 RNS Number : 9653H

1) Saransky, a company established in Peru, is in the process of obtaining the required formalisation permits to conduct mineral processing and beneficiation activities at La Patona - have the permits been approved?

I'm anticipating a news rich period over the next 8 weeks in the run up to the end of the year.

5 waves done, the top fib l hit, and this is falling away as I expected.

Any one feeling a bit worried, as the price falls here, that are going to be left on a spike? If you are, do you know what you need to do? Profit is profit and stop losses are there for a reason.

Folks,

8 weeks today is Boxing Day. No point speculating about the whys and the wherefores.

Just let them get on with the job.

We know Selan are coughing up $20m

We know SYN got paid $2.5m, they had debts to pay back.

The staff have moved over to Selan.

Three should be minimal outlay, Roland said no funding this year, I've no reason to disbelieve him.

Come back at Christmas, 8 weeks to let Selan clean up a few wells.

Al79,

I'm in total agreement with your words

"Word of advice for new/inexperience traders/investor's please do your own research, do nt listen to rampers or derampers."

In order to have a successful 'promote' ANYTHING, and I'm just talking about the underpinning principles not any share in particular, you need...

1) a number of people with a shared interest in that entity.

2) a number of people with a shared objective for that entity.

3) the ability to communicate and continually re-communicate

4) an audience of people large enough specifically interested in the entity being promoted to impact the entity positively.

5) events that can be communicated that whilst on the face of it are true (see further below).

6) real life events that tie in with the promotion, events such as the Budget.

Things that have been stated around EPP.

- £241MWh strike price - this is a fact but does not currently apply to EPP as this was a HAR1 value from the previous Conservative government

- 11 hydrogen projects approved - this one appeared straight after C of E Ms Reeves stated Hydrogen in her statement. Yes 11 Hydrogen projects have been approved, EPP is not one of them.

- unreferenced clippings are posted that would appear on the face of them to suggest a positive outcome for EPP. £3.9bn available for storage projects, however it seems the words, carbon capture weren't highlighted, as in carbon capture and storage, EPP are not a CCS project.

- the use of language, "Wouldn't surprise me if MM's are short", "it won't take much to move this much further north and very quickly", "Gas storage will be a hot topic", "Expecting big days coming sessions anticipation of Government funding deals for 11 projects", "showing real strength here and the mms are truly and royally screwed here"

A fact is that the heavy promotion of EPP across social media has been in the run up to the Budget. Maybe, in the hope that Ms Reeves made a big announcement, unfortunately she didn't. Post Budget speech social media went straight to the '11 projects approved' narrative. Was this to try to link Ms Reeves speech to EPP??

Yes the sp price has gone up, but how long will it stay? What has materially changed in the last week or two for EPP to justify the rise and to keep EPP sp where it is?

Lordy

The 11 projects were confirmed in December 2023

https://www.gov.uk/government/publications/hydrogen-production-business-model-net-zero-hydrogen-fund-shortlisted-projects/hydrogen-production-business-model-net-zero-hydrogen-fund-har1-successful-projects

X accounts seems to have found another angle to push out and retweet each other re EPP.

Who is going to be left on the spike?

Looks like this may be at the end of its run. Its on 5th Elliot wave, are there 3 waves of correction coming?

Https://committees.parliament.uk/committee/664/energy-security-and-net-zero-committee/news/202962/lower-bills-new-jobs-secure-energy-reduced-emissions-help-shape-the-uk-path-to-net-zero/

The meeting being referred to on X got the 5th November .....

"Organisations and individuals with a stake in achieving energy security for the UK within a productive Net Zero economy are invited to join the new Chair-elect of the Committee, Bill Esterson, and other MPs to contribute ideas for inquiries through this Parliament, to assist the new Committee in getting up to speed on the key issues and how it might usefully contribute."

I'm not sure what people on X are expecting from a committee that is asking people "to contribute ideas"?

Lol

X tweet state "✅Gov backing makes it a prime candidate to see even more industry support"

Since when has the Labour government backed EPP?

Since when has the Labour government endorsed EPP?

I see the poster doesn't reference where this statement comes from. 🤔🤔🤔🤔

Popeye,

I have a feeling the coffee will be shoved underneath the 👃 of a few people tomorrow.

Some facts

1) EPP does not have a gas storage licence, in fact in the Interim Statement the Chairman stated "As I write, I am still conscious, however, of the ongoing challenge arising from the newly elected Labour government in navigating the energy industry landscape that has also resulted in a backlog and higher level of scrutiny regarding licence applications."

2) I've mentioned the dates before. First gas out 2027, EPP state gas field has a life of 6+ years, they need to get gas out and transition to storing H2 and so a rough estimate for H2 storage is 2033, if they hit every single deadline in the next 9 years.

3) EPP state "With wind curtailments currently costing UK consumers over £1bn per year and set to increase to £5bn by 2035, MESH offers a major new Long Duration Energy Solution for the UK's expanding renewable wind sector. In the next 9 years before EPP even get the H2 storage, battery technology should have moved forward to such an extent that an surplus energy will simply be stored in batteries to be drawn on when needed. So the energy sector has a choice

a) Pay and build H2 infrastructure (still new and relatively untested technology) electrolyser and have it sat there, when there is excess electricity divert that electricity to the electrolyser. The electrolyser will take clean water (not salt water), split water into H2 and oxygen (thus removing water as water - not contentious, right??) The H2 is stored and O released. Companies need to invest into H2 boilers, EPP would need to guarantee the supply of H2 to companies wishing to invest in those technologies that burn H2. When H2 is burned it reacts with O to create H2O once more. Of course when there is no spare electricity and the wind a farm is selling it all into the National Grid, the electrolyser will not produce H2 and thus won't be able to supply it to the companies that have H2 boilers, thus they will revert back to natural gas.

OR

b) Pay and build known battery technology and simply send excess electricity to batteries, store and use when required.

4) The strike price of £241/MWh being quoted across X, is from a 2023 Conservative government document (the source of the document being posted in reference to EPP is never referenced). Not the current Labour government, and as H2 storage is unlikely to start before 2033, it may well be a different government in place if H2 storage ever happens.

5) The Final Investment Decision is not until late 2025. They may sign HoT's with big companies, but I can't see these big companies signing up until The Final Investment Decision is made.

6) There is no revenue until 2027 when the first sale of gas is expected if no delays are experienced, how long do people think the £5.1m will last when they have to build gas extraction infrastructure and H2 electrolyser infrastructure?

GLA

Dealer,

Based on your post, I stand corrected, maybe it does take a genius to work out what has happened and where this is going at 8am tomorrow.

Three are from the 25th, the rest today.

When you look at the size and frequency of those black trades printed late, it doesn't take a genius to work out what has happened and where this is going at 8am tomorrow. GLA.

Istockbroker

Well it's 8.8p on the ask currently, so pretty easy to get in under 10p before the close.

Will be interesting to see what the Chancellor of the Exchequer does re investments in the budget.

Mark

First gas out 2027

EPP state gasfield has a life of 6+ years

They need to get gas out and transition to storing H2.

So rough estimate in answering your question, 2033, if they hit every single deadline in the next 9 years.

I'll leave you to decide if the x promotion of EPP can be sustained in EPPs share price?

Remember EPP themselves don't know if it is going ahead until FID in late 2025.

Anyone else taking their profit before the reality of EPPs timelines kick in?

A buy out, for me, would depend on the gas flow of the work overs and new wells.

Syn share price would be, I hope, higher, but I do believe if thev gas flow is into the high pressure network and thus $$$, then Selan may want the whole jigsaw to themselves.

So at what price do you think Selan would pay, per share?

.....away and come back at Xmas.

Just let them get on with it. Is it healthy to sit here watching this everyday?

The interviewer in that podcast even stated you can't store H2 until all the gas is out 🤣🤣🤣

My view is people are running away with themselves on timescales, driven, in my opinion, by social media posts.

With the £241MWh from the 2023 Conservative government document still being used. I'm really not sure if people quoting this figure understand the HAR1 and subsequent HAR rounds.

So just to note

The first gas supply is 2027, and by EPPs own words the gas field has a life of 6+ years. So all gas out earliest 2034/2035, at that point EPP can transition to H2 storage.

So talk of selling H2 today, when EPP suggests it it won't even start storing H2 until 2034, is, in my opinion, beyond ridiculous.

So be aware that there could potentially be 2 changes of government before EPP start to store H2.

Simply understand

FID late 2025

First gas 2027

Gas field life 6+ years

Then transition to H2 storage.

The seemingly increasing in frequency and dramatic claims concerning EPP is, for me, worrying. I'm wondering what (negative) impact these claims are having on new (inexperienced) investors?