George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Exactly, could kick start a mass scramble for copper assets and consolidation within the sector
Given BHP have just bid for Anglo American for their copper and others are expected to submit counter-bids, I certainly wouldn’t rule out 5p plus for ARS
Yes, surprising there’s a buyer given the fairly dire current position. May be there is something in the works
May be Ceclilia is out of her depth, alongside the two shareholders who brought about the 'Dan and Ceclilia' show and the joke Cyprus deal.
Unfortunately it seems like all around amateur hour.
Looks like comms have dried up here unfortunately.
The problem with the Namibia asset is that its going to be very hard to get a farm out until someone has a successful drill elsewhere in the Walvis Basin to prove that the Orange basin success will extend there. Much better to get something that has nearer term impact imo
We are all in the same boat Pauly.
If you look at Cecilia and Dan’s CVs arguably Cecilia is more impressive - question is whether she has the ability to bring a new asset to the table. I have done some research on her, she has a lot of links in the Fintech space so it may be that GBP pivots in a new direction?
I also looked at Cynergy in some detail. Mike G has no background at all prior to working at Cynergy (and their associated companies) and also his business partner in Guernsey has had a run in with the local regulator, so in hindsight that may have been a bullet dodged.
Another factor here are the large shareholders who originally pushed out Peter Hill and I suspect had a disagreement with Dan which lead him to resign. They will be pushing GBP in one direction or another in order to get a return on their investment.
Finally GBP have to agree a cash guarantee payment with the Namibia authorities this month to retain their licence. Are they going to do that or relinquish and move in a new direction?
Suspect this month will be pivotal.
Sounds like someone got out the wrong side of bed.
Anyhow, I wasn't making a statement rather an observation. Also, it seems that irony is a little lost on you
It’s certainly a bit of a mess to say the least. Hopefully Cecilia is being credible when she tweets that they are looking at alternative plans. Im also hoping Omar and the other large holders have a plan up their sleevs which is better than the last one …
I invested in SRES about 7 years ago at 0.25 pence. I became concerned as to lack of progress and spoke with Cheetham who at the time who told me words to the effect that the company will reward long term investors. I subsequently continued to be concerned and so sold out around break even.
Seven years later on SRES investors are down 80% and are celebrating a deal that has a quantum of $500k in 10 years time. At best that will make back around 5% of those long term supportive shareholders losses (and thats discounting the impact of 10 years inflation). Thats why its a bad deal.
Well the company has sub 200k cash I believe and a list of projects as long as my arm. Ive followed SRES on and off for about 10 years now and it has always been jam tomorrow.
Ok, SRES is not bust but if you look at the long term chart it isnt going anywhere either….
Given the amount of time that was spent on Diatomite in the past, this deal is a failure. Even at the upper end $500k in 10 years is pretty meaningless…. AIM is high risk/reward. SRES suffers from placings but is not rewarding investors on exits. All this does is provide an excuse for PC reloading the portfolio to spin out the life of the company…
I wouldn't be surprised if Mitra were chatting to ANP about Chuditch and then, when there was a falling out, they flipped the discussions onto Sundagas
Did Mitra previously have the licence? I though Minza Oil & Gas previously had it (and had a deal with Flex LNG that fell through?)
I wonder whether Andy will bring another SE Asia asset into Boil? Sundagas have looked at quite a few in the past
Well I slightly prefer you to Santiago
Did you read this subsequent RNS. The farm out is now unconditional ie complete
https://www.lse.co.uk/rns/BOIL/farm-up-with-timor-gap-becomes-unconditional-0507rt90uhuwlh1.html
Santiago
That's a very serious suggestion you make, which could have material implications on Baron Oil plc (if it is indeed true).
This is a link to the PSC, please point me to the clause which states it may be terminated if Yeo or Wakefield depart:-
https://www.laohamutuk.org/Oil/Project/SO-19-16/PSC%20TL-SO-19-16-SundaGasPtEnh.pdf
If we do not hear back from you, I suspect it is because you are making things up and trying to mislead the marlet (which could contitute market abuse).
Thank you
May be we should buy AB a dressing gown, for comedy value