The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Operations progressing as planned with the Arctic Fox rig drilling ahead at the Merlin-2 well to the reservoir targets. Merlin-2 well is designed to appraise the N18, N19 and N20 primary targets located in the Nanushuk Formation, which were encountered in Merlin-1 in Q1 2021 that returned compelling evidence of hydrocarbons across these three separate zones. 88 Energy anticipates all target zones to be intersected prior to reaching the permitted Total Depth of 8,000 feet. Reaching this exciting point in the Merlin-2 operations has been the result of months of preparation and planning… it’s an exciting time for the Company and our shareholders. https://www.youtube.com/watch?v=7yxepYmgxlg
88 Energy tipped as a ‘buy’ as high impact drilling gets underway in Alaska
Stockbroker Cenkos sees a valuation of 13.6p for the exploration company as it drills "one of the biggest wells of 2022".
www.proactiveinvestors.co.uk/companies/news/976275/88-energy-tipped-as-a-buy-as-high-impact-drilling-gets-underway-in-alaska-976275.html
Perhaps it would be more appropriate to say "Even the last turkey on Sainsbury’s shelf sells. .." but here the thing, Christmas is coming and turkeys are going to become quite rare. It seems every other day a new EV model is presented and another battery factory is planned. I guess the RY is waiting for the Nickel price to climb before slapping on the 'special offer' sticker to avoid a low ball offer our new shareholder would jump at.
Or solar panels plus an EV that can do V2G (vehicle to grid):
https://www.linkedin.com/pulse/v2g-next-big-thing-evs-what-happen-when-100s-thousands-ash-gupta
Musk talked in May this year about a possable presence in Russia so he at least has been thinking along those lines for a little while.
https://www.wsj.com/video/video-musk-says-tesla-is-closer-to-establishing-presence-in-russia/A0DAB1E3-D95B-4F77-8828-A46A3A847825.html
I took this opportunity to move shares from my trading account to my ISA, which has worked out quite well for me with an extra 'free' 80000 shares. So ever cloud... I did say that the priority order list hadn't changed since I read it last year.
All I saying is can we expect the market to get excited about something a Russian document says will start next year and take a further 5 years, remember how long it took them to build the Amur River bridge (and its still not been tested).
Would really be nice if this was based on something concreate (like a bridge or a road) but I see nothing in the Amur Region Order link that has changed from last years entry published May 2020 (and I have read the entire document twice), there is no 'new' news so don't expect a RTN (unless its to state the "we know of no reason for the increase in share price"). All mentions of bridge constructions have already finished or aren't within the Mining sector. The terms of implementation for Kun-Manye still say 2022-2017, so back to the waiting game I feel.
I agree that the real issue is with charge rate and this may be a chicken and egg thing with more EV's on the road giving way to more and faster chargers. But there is always an egg that's ahead of the chicken - Swiss company ABB has launched its Terra High Power DC fast charger, which can put out an impressive 350 kilowatts, charging at nearly three times the rate of Tesla's Superchargers. The fast charger could shift electrons in the battery so fast that an average electric car would be able to gain 120 miles (200 km) of range in just 8 minutes.
Are they going to be in your local garage forecourt any time some? maybe not but it shows what is possible and the direction were heading in.
When car owners start see EV charge stations at every garage forecourt then range anxiety will evaporate, Shell is starting the ball rolling (slowly) 109 charging stations today, 5,000 charging stations by 2025. BP claims 7000 charge stations (god knows where they all are). ZAPMAP quotes 15247 locations today n the UK. Range anxiety is a transient affliction, soon to disappear once EV chargers start popping up like early morning mushrooms. When that happens do EVs' really need to drag around a large 75kwh battery or will cars like the Mini EV with a max 100 mile range be the the more logical choice. I don't start looking for a petrol station until the light comes on because they're everywhere and soon so will be EV charge points.
But that was before all the sulphide ores got mined out. Now, there’s only a few untapped nickel sulphide deposits in the world, including among their number the Kun-Manie project of Amur Minerals (LON:AMC), and the Mount Alexander project of St George Mining (ASX:SGQ).
https://www.proactiveinvestors.co.uk/companies/news/943232/teslas-move-in-new-caledonia-highlights-just-how-strategic-big-nickel-assets-are-likely-to-become-943232.html
Its not so much value in ground, its 'value in ground minus cost of extraction' , the current BOD arn't miners and the margins look tight, so we are treding water untill a buyer comes along with deep enough pockets to give us what we want (rather than what the market thinks we are worth).
From the 2019 Annual Report:
The Company maintains close contact with its contractors working
on the Permanent Conditions TEO as they also put in place procedures to work effectively over the coming
months in order to ensure that these projects are delivered within their original schedules. As an additional
assurance to shareholders, the Russian Federation subsoil law does allow for extensions to filing dates.
However, the Company does not believe that an application for an extension is necessary at this point in time.
To be fair, If there was no NDA in place and a company responed negatively whan asked the question "is a NDA in place?' and then, when asked at a later date (when one was in place) if then the same company responed "we can't tell you" it would be as good as confirming there was. So I think the answear would alway have to be the same i.e. "we can't say".
Hi Speedy I 'm reading around the subject on Hydrogen when i get chance but I'm still I little confused where the Hydrogen is coming from for the big players (e.g say Amazon decided to use Hydrogen powered delivery trucks), do you see them using the green, blue or gray form and how far away do you envisage before we see large scale usage? (I presume we're talking years? or do you think sooner?)
I think he has a plan and its the same plan he's always had, in the pre-licence days he told us he doesn't want to mine it he wants to sell it but he only gets one bite of the cherry and to to satisfy the terms of the licence he has to 'look' like he's intending to mine. So he waits and waits for a nickle price recovery and an acceptable offer, out of the blue comes a saviour EV's! so you start waiting a bit more, the years go by but the board are still being paid well so...lets wait some more.
What would you do in his position? and lastly knowing the future at this point strongly suggests EV will be huge in another couple? of years and the price then will be many times what we would get today and we have waited so long, so? wait a bit more...
There is a fly no quite yet in the ointment but its buzzing around, one day a newer, better battery (or some thing else) will be invented and it wont need nickle then we have missed the boat and back to the mercy of NPI and cheep SS.
"More than 150 drill hole and geological sections have been generated using all drill and trench results. The limits of the mineralisation have been identified based on a cut-off grade ("COG") of 0.20% nickel for three deposits."
So as the PFS uses a COG of 0.4% is this a reflection of the price of Nickel, that its now reached prelicence levels and our COG is now back to 0.2%. If so can the TEO use a differant COG than the PFS? (or is this a typo!).
If itis back to 0.2% then is that where the " considerable increase in the resource and reserve" comes from?