focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I note that yellowcake is the 7th largest holding in sprotts URNM etf
https://sprottetfs.com/urnm-sprott-uranium-miners-etf/#holdings
Yellow Cake PLC $40,808,754.39 JE00BF50RG45 YCA LN BF50RG4 9,020,363 4.41%
they want an independent gap analysis this time, as jadestone have been here before...Dated march 2021
https://www.upstreamonline.com/safety/oz-offshore-regulator-raises-corrosion-concerns-at-jadestones-montara-field/2-1-981833
Australia’s National Offshore Petroleum Safety & Environmental Management Authority (Nopsema) issued Jadestone with several directions this month following an inspection that ran between October 2020 and February 2021.
It said the inspection was carried out to review corrosion management and to follow up on failures to address deficiencies identified in prior inspections between 2017 and 2019, in regard to inspection, maintenance and repair of corrosion.
Not satisfied
However, inspectors were not satisfied Jadestone’s Safety Management System for Inspection, Maintenance and Repair, specifically with regards to corrosion, was managing the risk of a major accident event occurring to “a level as low as reasonably practicable”.
https://www.youtube.com/watch?v=KISFW3-ZJAU19 Mins 50 secs - Justin Huhn says berkeley energy project in spain unlikely to ever get off the ground, however great deposit though - jurisdictional risk
Fire side pre WNA Symposium video chat hosted by Nick Lawson of Ocean Wall talking to CEO Andre Liebenberg & Justin Garrow.
https://oceanwall.com/uranium-fireside-chat/
https://www.kongiwe.co.za/wp-content/uploads/2022/04/5L23_Draft_IWWMP_12042022_Final_Public_Review_Appendices.pdf
please note the above that is dated april 2022. It is for a pipleline for tailings dump 5L23 which is on the other side of road from Goldplat - if my map reading is correct.. (modder b road)
you will note that on page 14 the proposed pipeline route, has a spur that comes directly from goldplats facility.
DRD Gold will be processing 5L23 and looks like they will be processing goldplats if this is correct.
https://www.energyvoice.com/oilandgas/africa/ep-africa/434596/afentra-trading-angola-trafigura/
If we complete in early October, we would need about $60mn of debt,” McDade explained.
“When we started, we said we wanted a material company. This is the first step of the journey. There’s a pipeline of opportunities out there – and we’re screening some as we speak,” McDade said.
Dated today...
https://www.fnarena.com/index.php/2022/08/02/uranium-week-acting-for-nuclear/
Term Markets
Although utilities have decided to forego participation in the spot uranium market, they remain extremely active in realigning their portfolios to mitigate potential exposure in the event of a Russian-related disruption, TradeTech reports.
These efforts have been primarily focused on addressing enrichment and conversion needs, but the market is now seeing utilities venturing into addressing long term uranium needs as well.
That said, only two transactions were concluded in July for term delivery of approximately 1mlbs U3O8 for delivery beginning this year and extending into 2029. But five off-market transactions that have been under negotiation for several months were finally concluded and account for delivery of over 10mlbs to occur over a range of time periods, with some extending until 2030.
Offers are due this week to supply the US Department of Energy with 1mlbs U3O8 for the planned US strategic uranium reserve.
TradeTech’s mid-term price indicator has dipped to US$51.50/lb at end July, down from US$52.00/lb. The long-term price indicator remains at US$53.00/lb.
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
Bottom right hand corner of page has a link to the daily and historic short position spreadhsheet
this must be about completed now....
The acquisition of the assets from INA is expected to be funded through the same debt and existing available funds as those being utilised for the Sonangol transaction and discussions with the selected debt finance provider are well advanced and will be finalised ahead of re-admission.
from same rns 19th July
An AIM re-admission document setting out, inter alia, details of the Sonangol Acquisition (including a competent person's report on Block 3/05) and the INA Acquisition will be published and sent to Afentra's shareholders with a notice of general meeting in late July.
rns dated 19th july, The ongoing Sonangol transaction and associated RTO process, with publication of the AIM re-admission document and resumption of trading is expected to occur in the coming weeks.
so, that should mean within 2 to 6 weeks, otherwise it should have read "coming months"
Funding
• Both Sonangol and INA transactions are anticipated to be funded with new debt facilities and cash on balance sheet
• Discussions with the selected debt finance provider are well advanced and will be finalised ahead of re-admission
https://www.investorschronicle.co.uk/news/2022/07/07/renewed-focus-on-africa-in-global-oil-and-gas-rush/
Afentra (AET), a new company set up last year as an acquisition shell, is in the final stages of buying stakes in two blocks held by Angola state oil and gas company Sonangol. The $130mn deal is for non-operated stakes in shallow water fields, with around 50 wells producing a total of 4,000 barrels of oil per day (bopd), net Afentra.
https://www.oilreviewafrica.com/exploration/industry/afentra-co-founder-to-drive-sustainable-hydrocarbon-dialogue-at-aew-2022-in-cape-town
Under a mission to become the trusted partner of both IOCs and host governments in the divestment of legacy assets, Afentra is gradually strengthening its footprint across the African energy sector, with new acquisitions broadening the company’s portfolio. Recently, Afentra signed an agreement with Angola’s national oil company, Sonangol, for the purchase of interests in Block 3/05 and Block 23, offshore Angola – representing the company’s entry into the now biggest oil producer on the continent. As Afentra expands into other high potential markets across Africa, the future of the continent’s oil and gas sector seems bright, with independents leading the way towards a sustainably developed hydrocarbon industry.
Namibia’s finance minister said uranium miners are waiting for prices to recover before reviving projects in Africa’s biggest producer of the ore, which is needed for nuclear power in a world shifting away from fossil fuels.
“If the price reaches $65-$70 a pound, then that will trigger more investment in uranium.”
https://www.bloomberg.com/news/articles/2022-05-30/uranium-investors-await-price-rally-to-revive-namibia-projects