Member Info for Snowman100

Regarding our FSRU project with Meridian Holdings at Barrow in Furness........

https://www.offshore-technology.com/projects/port-meridian-deepwater-port-morecambe-bay-england/
'The Port Meridian deepwater port project was acquired by Meridian LNG in October 2012 from Höegh LNG for $20m. Meridian was advised by West Face Capital on the deal.'
'According to the terms of the joint development agreement, Höegh LNG will be the supplier and operator of the FSRU, and Meridian will seek commercial aspect of the project involving agreements for LNG imports and the pipeline connecting the FSRU to the gas distribution grid.'

and on the portmeridian website link below
https://portmeridian.com/commercial-advantages/

It describes that once commercial terms were passed by OFGEM a FID was expected in 2017 and first gas delivered from fourth quarter 2019.

Anyone know why the project didn't go ahead at that time?

Here’s how the price of one AIM companies share price rocketed on transformational news.
Jersey Oil and Gas PLC – Offshore Licensing Round Awards & Option Agreement
Times and share price climb of Jersey Oil & Gas on release of a 07:00 am RNS
07.06 73.50
08.02 73.50
08.10 90.00
08.34 102.00
08.37 110.00
08.39 114.00
08.45 106.00
09.00 116.00
11.56 124.00
12.08 135.00
13.20 169.50
15.36 177.50
Now, 1 week later….. trading at 186.00
The first oil from this licensing will not be produced until 2024.

Just goes to show the speed that a share can rise after transformational news. I think Infrastrata’s rise after the approaching news stream will dwarf the rise of Jersey Oil & Gas.

Massive news flow coming in anytime over next couple of months. Could be sooner rather than later....I think John may have hinted at that in his last interview.....but he's been bitten once by delays beyond his control...he's a little more cautious now.

The impending possible news flow is massive............equity/debt/1.6Million in coffers/FID/licence/build/update on FSRU...........almost beyond transformational ! .......by Christmas this is in a different ball park!!!

Not querying your negativity as such....each to their own opinion.

But I know one thing for sure....if I felt that negatively about a company, I'd cut my losses, however big, and be out of it before you kiss a ducks ass and investing in a company I felt positively about. Doesn't make sense staying in if you feel like that......there are plenty of companies out there!

In my opinion there will be a very strong positive news flow this year starting with hyperleach test results within few weeks.

Hyperleach....'Analytical results from the initial proof of concept work are expected in the next few weeks. If successful, further developmental testwork will be proposed in partnership with the concentrate producer.'

Accudo......'The Chairman of Accudo, Dr Saliba Sassine, said it was in discussions and negotiations with asset owners or their advisors and is energetically pursuing its options to deploy the Leaching Technologies.'

DSR....'.and a royalty of 2.5 per cent. of gross saleable metal products produced from a potential mining operation at the Kapili Tepe polymetallic project in Turkey, if using Alexander's leaching technologies.

Lithium.....'Under the joint venture with Alexander's Principal Technological Consultant, Dr. Nicholas Welham, an acknowledged expert in lithium and hydrometallurgy, the Company has been investigating and discussing potential next steps to follow up on the interesting results announced for a potential new hard rock heap leaching process for the extraction of lithium from hard zinnwaldite rocks. '

Vanadium..........Multicom..........Julia Creek ............ progressing ........... Environmental Impact Assessment due soon....will favour AXM technology.

Very strong buy IMO........when any news drops SP will react instantly .......... I want to be in when that happens !

'DSR Revised Strategy''"microbially assisted heap leaching technology"'
......'Meaning not axm tech...'

They are talking about DSR's HAIB proect in Namibia, not the Kapili Tepe project. They are saying on their website presentation that the HAIB ores are ameniable to bacterial leaching. These are different to the ores in Turkey. Alexander were never in on the HAIB project. I don't think there is any change with our KT project in Turkey.

I think AXM remains strong buying opportunity at this price.

Must have been a news leak...........might really take off tomorrow?

Hope it is concerning Kapili Tepe......then AXM shares should also zoom !

11th July 2019....'"We are in discussions and negotiations with strategic and M&A partners to structure relationships that incorporate funding packages for the Projects under evaluation and bids."

......So why on earth did we need to raise £600,000 ???????????????? !!!!!!!!!!!!!

Response to email re point 3.
' Thank you for your email and also in the confidence that you have in the team. It is very reassuring to see this level of shareholder support and we remain motivated and committed to delivering our projects and overall projects strategy that we have been sharing with all our shareholders for

In response to your question specifically on the consideration payable to Meridian for the FSRU project, there are a number of elements that we need to take into consideration during this due diligence period, chiefly amongst them are issues such as longevity of the existing permits and consents, detailed engineering and design and, of course, the economics. We are in a period of exclusivity to determine the economic and technical viability of this project and in order to make sure that it fits within our overall str

Clearly, we do not wish to engage with a project that does not add value to the company and its shareholders. Hence, we are taking this period to understand the detailed nuances of the project in order to make an informed decision which needs to be in the best interests of the shareholders.'
Ends.
Pays yer money and takes yer chance! I suppose we have to have fàith and watch the space!

Juicy bits taken from the RNS 11 July 2019........

Accudo currently working to deploy the licences it holds for Alexander's across up to five mining projects (each a "Project") in Australia to use its Leaching Technologies, subject to securing commercial terms with the Project owners. Accudo has recently submitted indicative bids to acquire or to be the lead partner in a number of Projects. The Chairman of Accudo, Dr Saliba Sassine, said it was in discussions and negotiations with asset owners or their advisors and is energetically pursuing its options to deploy the Leaching Technologies…..… "…. several strategic opportunities ranging from projects that have substantial JORC 2012-compliant resources to established and fully permitted mines positioned to restart mining having ores potentially amenable to the Leaching Technologies. "We are in discussions and negotiations with strategic and M&A partners to structure relationships that incorporate funding packages for the Projects under evaluation and bids."......

Deep-South Resources Inc has acquired a licence to use certain technologies owned by Alexander for issuance of 500,000 common shares in Deep-South and a royalty of 2.5 per cent. of gross saleable metal products produced from a potential mining operation at the Kapili Tepe polymetallic project in Turkey, if using Alexander's leaching technologies.........

HyperLeach Testwork is currently underway on a nickel concentrate from an existing commercial operation Analytical results from the initial work expected in next few weeks. If successful, further developmental testwork will be proposed in partnership with the concentrate producer.

Lithium research and development….under the JV with Alexander's Principal Technological Consultant, Dr. Nicholas Welham, an acknowledged expert in lithium and hydrometallurgy… investigating and discussing potential next steps to follow up on the interesting results announced for potential new hard rock heap leaching process for the extraction of lithium from hard zinnwaldite rocks.

........This was by far the best RNS we have ever had ! .............the rest of the year is going to see more than one of these projects significantly advance !! ......then we fly !!!!

Fair shout......have now asked for clarification by email.

Yes...overall I am............it's just that point 3 scares the crap out of me !

To expand on that....I guess I'm worried of a vast amount of money disappearing untraceably into the tax haven of the Cayman Islands.

Anyone else think this point 3 is a bit 'open ended'?
........'3) a cash consideration payable upon completion of the acquisition (not expected prior to FID and therefore not prior to the necessary funding being received by InfraStrata Energy UK Ltd) equal to the value of the FSRU Project determined by the parties which exceeds the value of the 100 million new ordinary shares in the Company to be issued to the Promoter as per 1) and 2) above.'.....

If it's equal to the value of the project.............to me that suggests we will never be able to make money on the project............. I know that can't be right but I just feel uneasy about the wording of it.........just sounds a bit scammy..........is the wording normal?............is anyone who is more corporate savvy comfortable with the wording?

End August more likely IMO........timings not their strong point........but hopefully, you might be correct.

Just spoke with EUA on phone (think it was CS, sounded just like him anyway) the detailed report does have to actually be approved by Russian Authorities (on top of it being submitted to them)within a year of licence being granted.

However, they are very pleased with progress and report being finalised now. He said the authority approving it moves a lot quicker than the mine permitting authorities....they are slightly different. He has no worries on that score.

He also said the plan is to release WK news BEFORE end of mining season and they will be ramping up the news flow.

I suppose they have to be a bit cautious and vague but sounded very upbeat and gave assurances everything going well.

GLA !!!

If you like the new project or not, there's no doubting that if it is a success it will be a rip-roaring success.

There are a lot of punters going to want in at this sort of level.........because if it has any chance of coming off, and there is no reason it shouldn't, especially with an off-taker already on board for it (we were asked to look into the project by 'the off-taker') this share price will be a very dim memory and then it will be difficult to believe it was this low not so long ago !

GLA.....to infinity and beyond..........Snowman....get a grip ...... repeat after me...."I am not a space ranger" !!

Yes...it'll drift straight back up like a jellyfish sucking on helium.

They can't hold the SP back now ! ..........will start to fly by next week. Many people are getting very interested now with all the news spreading from very credible sources. Soon be a stampede !!!

Don't underestimate our chances with Multicom...........we are on their website as partners and industry experts and we have very good environmental credentials with our leaching processes. That project has a lot of environmental activists bringing pressure down on them and the Environmental Impact Assessment is going to favour us over any rivals!