Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
If the partner funding mentioned in the fact sheet becomes a reality then it should kick that into touch once and for all. Perhaps then the market will start thinking seriously what figures like 2.77 TCF contingent and US$1.65bn could mean to a £12m mcap company because at the moment we're priced as if these numbers are off the back of PH's last packet of Rothman's not from expert technical reports.
Yes very significant indeed rlightor. Are you saying the video was out in that form for months but they have only just flagged it? I certainly hadn't seen it. To summarise I'd say I was initially disappointed not to see CCS in it but on reflection there are a few logical reasons why it wasn't.
I agree with that Heps and I have also wondered if you were in talks with another party considering a farm-in on PIII gas and / or CCS would it be an appropriate time to be shouting about it in a corp presentation? On the 2.77TCF we do need to remember it's still in the contingent resource category rather than proven reserves, still huge figures potentially but a farm-in partner would be shouldering a degree of risk.
Cheers Stayp - just a bit battle weary perhaps or just frustrated with comms & PR. PH was on record recently saying openly that PI gradual production increases have failed to move the SP and then they release a corp video that only speaks to that strategy. Recent positive SP movements have been down IMO (& the majority of PI's on here I suspect) to hopes on the farm-in and CCS possibilities and then they comprehensively overlook it in a trumpeted media release. You have to wonder if comms advisors are incompetent or let's consider "Cui bono" from a low SP?
Checking back on the Corp Update in Dec I note that while PH promises "A quantum leap for our shareholders", he doesn't explicitly say how we should expect the quantum leap to manifest itself. So far this week I've experienced a quantum leap in frustration levels so perhaps it's already been delivered? Sorry, thought a bit of gallows might help.
Well not the start to the week I was hoping for but an encouraging recovery. Would be fascinating to know what spooked all the early sellers - ZM comment, over expectancy of an RNS or PH trying to look sincere on camera? :) The absence of comment on farm-in or CCS I still feel is a bit strange as both have ben RNS'd a while ago and it would hardly have taken a great feat of editing to get something in on it.
Big delay on the Antonina licence after Myles said early 2024 hasn't helped. However I don't understand why that has stalled exploration plans on Toral. They were planning a combined campaign but surely better to crack on at Toral. It doesn't really matter that the MLA will take ages as we still have some more exploration to undertake before the PFS so no real urgency. I think it is the hold up on the next campaign and news about Antonina that is hurting us.
Maybe a 'throw away' line in ZM comment at the weekend has spooked some. I won't repeat it in case it looks like I'm making allegations, does seem strange that some have all of a sudden felt the need to sell, hmmm.
Sorry missed that Hep's. Yes a bit weird that it's taken so long to knock out the video and given that I think it is the CCS that is stirring interest it looks dated. As for the farm-in I could be accused of optimism bias but it's possible that the absence of forward looking opportunities in the video could mean the opposite. If negotiations are advanced would they rattle the cage of a partner by shouting about it? Just an alternative point of view.
On the plus side I've never seen PH so well lit. On the downside my 11 year old passing me on his way out the door, "What's that..... wait, do they really want to block energy?". Hope it's not a case of truth through the eyes of a child! :)
Looks like this was commissioned some time ago as I assume that's footage of WR-34Z being set up. I'm a bit disappointed that while it is more professional than the usual stuff it doesn't have anything on the CCS commercial opportunity or even a mention that it could cover our own CO2. Feel a bit like they've missed the zeitgeist here.
I'm a bit hesitant of adding to the full sale speculation as we really have very little evidence of it happening but I suppose leaving the licences to the Chinese would be the ultimate way to manage the geopolitical risk. Wonder if folk would prefer Bloe to up sticks and look elsewhere or just a final distribution to shareholders?
Looking at the trades at the time smaller sells were still going through above 1.9 so difficult to see how it could have been a buy IMO. Not a problem, bound to be some churn, we can't expect everyone to be here to see how the story unfolds. Will be interesting to see if we have another charge at 2.0p and whether it gets sold into. Without news the fireworks may be over for now so perhaps a quiet day? Nothing would surprise me - let's see!
"Prospect of a major net-zero industrial hub within central Georgia - of interest to the hydrogen, fertiliser, steel and refined petroleum products industries - close to the XIB license." Professor Eric Oelkers also mentions cement, HeidelbergCement have a plant in Rustavi for instance.