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Completely agree, how greedy can you get. For LTH who have seen the SP slide down month on month, week on week, this is a massive slap in the face. 35m!! Starting to feel like this is a money dump. Things better pick up soon

what would that say about our targets if we did this?

Hmmm, this is AIM, O&G, and Argentina...do you want a perfect straight line? You manipulate within the law as to your best interest. Are you essentially saying he's lying and that potential flow does not exist?

Straight from the horse's mouth - "The good part of this is that we can call it a discovery...it adds to our ability to produce overall...it opens up the possibility of other wells on the structure" - Peter Levine, Chairman

I'm hoping it's not being declared due to the ongoing government deals in this area. To qualify for the higher payment was it not tied to bringing on new resources? Might be that by holding off gas flow for a few weeks really helps the bottom line for the next 4 years.

A hot area of the world for exploration right now so good potential market! Very off-grid and exploring in deep remote forested areas, having a lightweight power source to fuel enough seismic equipment would be very important.

I would think there must be a very strong network of these re-sellers in place across the world by now, some will be more social media minded than others. Would be nice to see a layout of them across a map from the company to show our reach.

Hi all. Invested now a few months and looking forward to the weeks ahead. Agree and like the post on holding back communications, think this holds well. Not sure where this drill was coming from but given customs yards and getting it booked on a road train to site can take a while from it arriving in-country. I think that they must be very confident, or a great bluff, to have bought their own drilling rig at this size of a company, not too many do. Good news ahead you have to hope.

they had said a further JV agreed to advance further large-scale graphene on a silicon solar cell. Good news if this is nearly nailed and the 3% increase achieved. New toolings and material needed for the manufacturing site?

I don't think they'd slowly develop it, it is to be a year-round operation. They also brought Ian Henderson on not so long ago as a non-ex, he has an abundance of experience in funds and financing for natural resources, demonstrated by his other non-ex role for BMO Capital Markets and 20 years with JP. I hope finance raised instead of dilution but the company could probably support it if that's the road chosen.

They could buy right now for 10% but that's not how mining works. We little explorers scurry the world and try to bring the best looking and easiest projects to the majors, and they pick the top 4% to act on.

they could have revenue coming in for 2022 and had £7m+ of cash in the bank midpoint this year, plus maybe another £1.4m from HMRC and Co. They have also pre-paid for goods/services that had to be delayed with Covid.

I believe they can self-finance at current rates for at least 18 months. I can't see the need for dilution unless it's to self-fund a project. I can also see Rio offering £1.5bn for the company at some point next year all things being positive, which of course they are often not. A decent bet all things considered

my wishful thinking, or results/signed paperwork, whichever works first

I think there's too much going on for that now to be a realistic target. IMO I think the excitement will build and each piece of news will at as a catalyst.

21p I can understand though if nothing else moves forward, reflecting £140m as to the value of Dundas at 10% of the resource in gound as what has been so far confirmed. If the resource numbers are increased (only 17% declared so far and with another 30km of the beach yet to be assessed) and the CAPEX required can fall under $200m, along with an agreement for finance with an offtake partner, then there is every right to expect that this rise further than 21p.

Then you have another 6/7 months to progress Disko, Thunderstone and now 2 sites in Finland, all of which have active work scheduled.

above 50p when the license and offtake agreed surely, at least.

We are quite tied to Rio Tinto but it looks like their Mozambique JV site is not going to happen. In-country fighting over the share of the revenue from natural resources, there are already beheadings happening in the north and they really don't want to drag the fighting further south to this new site and nearer the capital.

Their own Quebec site has a listed resource of 52m tonnes and currently mining at 2mtpa, 10% of current global demand. Greenland to the processing site in Quebec is pretty close by global standards. Demand is growing, particularly from the space industry. This has to be a strategic partnership with Rio otherwise they could potentially lose their place as a leader in this material.

Yes, I have to say that most lawyers I know in professional/semi friend circuits would not breach client confidentiality. And IF this was a very good friend of yours and you have broken his them shame on you.

I think the 4 weeks would be up a week tomorrow/Tuesday so reasonable to think it will be announced this week. It is completely tied to the license getting granted so they must both come within a very short time of each other.

In other exploitation licenses that Greenland have granted over the last 4 years, all have a 30-year initial license and with % of revenue ranging from 1-2.5%, with commitments tied for moving the project along within 12 months. Only 1 I can see limited the amount that could be taken out of the ground to the license.

Given we are low impact environmentally in the process of extraction, and that the construction and on-going operations will create hundreds of year round jobs locally, I'm hoping and expecting both to be confirmed this week.

my point was more to get on and do their own deals rather than highlight ones they've taken no part in. Sales news needed!

There has been a continuing selling of shares every time the SP starts to grow. Given though that the market is being flooded by this selloff, they are getting bought up and the SP is holding or slightly increasing now. This can only go on for so long and as long as PPC keep things going at the rate of this last 18 months then there will only be one winner.

I do think though that we are down on the projections for output this year, from expectations last year this should have been up to around 4,000 boepd. Don't think we're close to that but if everything is on and flowing for Dec then we may well be. Given the nature of the government auction for gas sales, I can understand holding off fully declaring new gas flow too early to fully benefit from it though.

Looking for a good operational update in December showing current output.

hopefully strong forward sales figures with the DBX now being a significant part of our portfolio

Of the company posting on Twitter about large solar projects, how do people see this? Raising awareness of the wider market, or as an advertisement of deals lost? Can we expect some news of sales to follow before the end of this year? really hoping so. Would be really nice if one of these 'flagship' projects had Verditek at the heart of it.

I hear some great deals being done in Scotland with some of the Whisky distilleries in this area, leaseback type agreements.

@$220 a tonne and a license for 450,000 per year, what would this realistically mean for the SP? The numbers I’m calculating give the company value of over £1bn, can this be correct?!

I think this agreement lends well to future tie-ins, might have been a negotiating point in other discussions. Looking at other JV's Rio have signed, the one I can see in Finland was for spending £4m total in 5 years of that project, our $20m in the same timeframe gives an indication of JAY's license. When calculating this type of investment for a company like Rio, what success ratio would they hope to achieve as an ROI if successful, could anyone give a professional estimate?