Member Info for Shedulike

“War is the unfolding of miscalculations" (Barbara Tuchman). Most initiators of conflicts promise a swift conclusion and this quote can hardly be more apposite than in the Russia / Ukraine war in which the perpetrator believed it could be won before it could even be described as a war, a SMO no less. Putin clearly massively underestimated the resolve of Ukrainian defence, evidenced by the chaos of day 1 and arguably even more so the growing resolve of the West to support Ukraine. I posted last week of my sincere doubts about the likelihood of sanctions being alleviated let alone lifted in the event of a peace deal along current military lines and I've not read a thread of evidence since to convince me otherwise. Having said that there is clearly some serious money pouring back into EUA so I can only assume that a heck of a lot of punters with infinitely bigger pockets than mine believe otherwise. Time will tell and let's hope for a positive end for EUA shareholders who invested in good faith when Russia was a legitimate participant in the international community. Above all and I hope this won't appear glib - let's all hope that there will be an end to the slaughter for both sides.

Re. Wiki page - slightly amusing that BLOE has chosen to partner with an entrepreneur who started out in "Spun yarns". I did say slightly! :)

All interesting analysis. Rationally though an end to the war and lifting of sanctions on current front lines would be an endorsement of the seizure of sovereign territory by force. All opinion welcome but I fear the idea that countries and businesses are champing at the bit to get back into Russia are based on pre-war geo-politics. Look at the costly and painful measures that companies like Polymetal have taken to exit Russia and the monumental undertaking it has been to alleviate European dependence on Russian energy. Putin may get the land but doesn't now have the leverage to get sanctions lifted into the bargain. Maybe in the early days of the conflict Europe would have taken the easy option but not now IMO, the once unthinkable tough decisions have already been made. I do accept however that the US is now the maverick in all this but I would be wary of what we see publicly in the form of Trump statements and the more serious background advice the US government will be receiving. Just for instance they are surely considering whether rubber stamping Putin's actions in Ukraine would be a green light for his further ambitions around the Black Sea let alone the danger of emboldening China to move on Taiwan.

I have to wonder if those celebrating this rally are in danger of conflating two issues - the probable end to this dreadful war and the highly improbable end to sanctions on Russia. With or without Putin it would take seismic events for Russia to cede the disputed eastern territories let alone the strategic land corridor to Crimea. The most likely outcome to this conflict is a cessation of hostilities with a demilitarised zone negotiated on roughly the current front lines. Does anyone seriously think that when Putin inevitably celebrates this as a victory that the West will start lifting sanctions?

Agreed Hep's we're in the right place. Hopefully "Further definition of commercialisation" includes some numbers!

BR I agree we need the pilot injection scheme to rubber stamp the viability of the CCS as a first base but then it would be great to get a ballpark idea of initial revenue levels and a clearer picture of expansion possibilities. As yet we're guessing really and for now there seems to be someone with a lot of shares who wants out as much as new blood wants in. I know that might sound negative on +23% day but over the last couple of months it's a stalemate really. If the CCS can produce near term revenue or at the very least a quantifiable prospect of future earnings then I'm hoping our hand could be strengthened on PIII negotiations.

Mark of the Beast? Yikes.

Good to see Denarius are clear to commence gold mining in Colombia - our stake should grow in value accordingly:

https://denariusmetals.com/denarius-metals-announces-approval-of-environmenta-9852/

Hi CHRI5P I didn't know that CB will be a Director at Tynagh - has that been announced? On another tack I was looking at funding and note that Vickers reckons that by processing already mined tailings the project could save 350,000 tonnes of carbon which could be converted into an equivalent carbon credit. Just looking around briefly that appears to equate to around $US21m in potential funding. Anyone out there with experience of this markets I'd be interested to know if $US60 per tonne is realistic / subject to tax and marketable prior to processing.

I think it was just another poster saying that this is going to hell in a handcart so you didn't miss much. Christmas Day in Georgia so doubt there's much happening unless they got something over the line before the holiday?

Seems a bit flippant of WHO to be rating the efficacy of avian flu vaccines in terms of a 'pecking order' :)

Finarlies - it was from Reuters and reported across a range of UK nationals - do you understand how news gathering works?

'Good for UK'?

https://www.reuters.com/world/uk/uk-economy-risks-big-hit-under-trump-tariffs-plan-think-tank-says-2024-11-06/

Apologies, yes the resource was upgraded (as per the March RNS). However much work to do to book it as reserves hence the need for a farm-out partner and another reason we can't simply consider the full NPV having a 100% impact on the SP. The P IV joint venture with GO&G is 50-50 for instance. I guess the bean counters must have an idea of what proportion of the $1.65B could be worth per share to us if we can extract it commercially but I can only estimate that it must surely be significantly more than our measly mcap!

Avi8r PIII has a NPV 'exceeding' $500m but a few things to consider. Firstly these are contingent resources not proven commercial reserves so more costs in drilling appraisal wells I assume and if proven to flow the development wells of course. Then we also have to factor in the government off-take. The website talks about 'simple workovers' so whether that covers the exploration to get the resource into the reserves category and initiate production I don't know but in my experience here and elsewhere it's rarely simple. GLA hoping for something on the carbon capture soon, could be massive IMO.

The Capex shouldn't be too bad as I guess it's just infrastructure and the processing plant as the resource sits on the surface. I notice Vickers often refers to the project as a 'restoration project' - I wonder if he's angling for restoration grants, I found a document referencing state funding for remediation of legacy mines in the Ire Rep. Certainly not banking on this as I think "EU Grants" appeared on every Toral presentation and we only got the aforementioned 0.5m interest free loan. Having said that actual reprocessing of tailings dumps and restoration of an open pit should be a different matter.

Sorry CHRI5P we were writing at the same time. Sounds like we're on the same page re. the Denarius shares. By debt funding I assume you mean in order to finance Tynagh. Any debt associated with EMI is now owned by Denarius, notably the €0.5 CDTI soft loan.

Deutsche Balaton have 15.19%, over 11m shares so they obviously didn't vote against. Teaye I don't believe the plan is to finance the transaction with the Denarius holding but I can't be certain, things change but that was my first question - it will certainly be interesting to see what it's worth when they do become unlocked. Currently at 0.88 and given ours were issued at 0.50 that means as things stand the Denarius holding is worth substantially more than our mcap. Serafino Iacono last said gold production Nov / Dec at Zancudo so expect the market to get really excited when they start pouring gold. I was musing as to whether DB might even apply pressure for the holding to be sold (assuming all proceeds successfully at Zancudo) and distributed to shareholders, wind up and ditch Viridean but of course this is Julian Vickers baby which he has sunk a lot of his own money into, the plan is for him to become CEO but only at the point we acquire Tynagh I assume. If Denarius continue on the current trajectory (IF!!) might DB believe an early conclusion getting most of their investment back is a better option than heading down the road of developing Tynagh? Of course they'd need help to get the 75% required to force a vote but if Denarius did go gangbusters while we're suspended they might find it easy to find friends. Just a theory.

"Lost a small fortune" - unlucky BB/Highside really feel for you - did you forget to ride the waves in order to de-risk? Bye.

Anyone wishing to make a more mature assessment of what we could be acquiring in Rep Ire might find this informative:

https://www.youtube.com/watch?v=cQOw27EbDRk