Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Not sure I agree that any funds raised will have to be at a discount.
Firstly, there may not be a raise at all on ASX listing - we simply don't know yet.
ASX listing is still maybe 3 months away - plenty can happen between now and then.
If there was a raise and it was for an asset purchase then the price of the raise would be affected by the perceived / actual value of the asset.
It's nonsense at this stage to say any funds raised must be at a discount
I note on Page 5 the 'potential' use of Telfer plant.
Has this term been used on previous presentations or is the potential just part of the massive game of chess currently being played out.
Seems to suggest that we might use Telfer plant or we might not, dependent upon a zillion possible outcomes.
It's nice that things are beginning to get exciting again
Question from a gas flaring simpleton.
Would there be any point, at all, of installing production tubing at great cost if you believed that the gas flow you hoped for simply wasn't there?
I assumed they proceeded to this step because all the data post frack was positive?
Not stressed yet!
Great news today and COPL can continue planning ongoing works now with confidence.
It was mentioned at the Wyoming hearing that the snow should start thawing in around a month so not sure if any digging for replacement gas pipelines will happen until then. Hopefully the sage grouse will find somewhere else to breed this year as well - I don't know if they're partial to snow.
Plenty of work to be getting on with in the meantime - having the cash and the support that goes with it will be invaluable.
As has been said many times, news on JV / RBL can drop anytime. Eventually it will and we can all enjoy people drawing pictures of rockets and saying things like 'boom.'
For those that have been holding / adding for gi***ears, a bit of up and down in the SP is nothing to be concerned about. We're almost immune by now.
With respect to newtofo, I think news in the next couple of weeks is hopeful. Guidance was pretty clear - 2/3 weeks frack; up to 4 weeks clean up; 28 days flow rates. That would put us end April at the earliest. Anything before then, if positive, would be welcome but I'm not expecting it.
We've had plenty of potential share price triggers over the years - I'm happy to wait for (hopefully) a real one this time.
Best Regards
Australia’s Newcrest Mining and suitor Newmont Corp have agreed terms for a round of early-stage takeover talks, ending a four-week standoff that threatened to spoil a potential $20 billion-plus deal.
It is understood Denver-based Newmont settled on the all-important non-disclosure and standstill agreements in recent days, paving the way for the two groups to meet for the first time since Newcrest rejected a $22.4 billion takeover offer.
Whilst its usually nice to have news on progress I wasn't expecting anything until late April / early May.
Guidance was 2-3 weeks fracking, up to 4 weeks clean up, then 30 days for the flow rates.
I wasn't particularly nervous about flow rate - at least until newtofo mentioned it! POQ was keen to stress 3mm cu.ft/day as commercial; JR as ever bullish expecting 5.
Thank god for Cheltenham Festival to help pass the time.
Brel, you're spot on with regards to the ludicrous chat about removing AM and the BOD. Utter madness, as if the senior lender is going to back that nonsense!
AM contacts got us Wyoming, AM contacts got us the approach from a potential JV partner. Some may not like his style but the guy knows this business inside out and is more than capable of delivering.
You only need to watch the presentation to the Wyoming O & G commission to see that this is a professionally run outfit.
We know what news is due - everything else; cashflow, going concern nonsense, the lesser or never spotted sage grouse, bit of snow, steel pipe, the pathetic entreaties to AM here to 'please tell us something.' It's all just noise.
I'm focused on the CONFIRMED discovery and who wants in. Everything else will take care of itself in time.
Some people need to remember what they're invested in - it's a massive oilfield in out in Wyoming with all the challenges that entails, not a bloody corner shop.
Apologies for getting a bit ranty but jeez.
As always, best of luck to the investors here.
Ditto jf comments - alcohol helps.
Then there's always Cheltenham next month, by which time I hope somethings happening.
It's quite funny in a way that after years and years and years I'm quite relaxed about timings now. it'll happen when happens
Brel - re the disruptors. You mention one that has posted over 100 times - if you add on the unnecessary responses / supposedly insulting puns on names etc etc then those 100 posts can generate 1000 posts of meaningless drivel. It's exactly what they want and why the board (with a couple of notable exceptions) is pretty much useless.
Bring on the JV
Nothing likely to happen anytime soon but I see that Sovereign Metals have reported decent infill results at Kasiya and are working on a PFS expected first half of this year.
It's interesting as our Mchinji license (434km2) adjoins the Kasiya license and we have reported decent grades from very limited exploration to date.
All of these opportunities need a lot of cash to explore and while I'd love to see some traction here I'm happy that the focus for now is on Songwe. Shouldn't be long now for the MDA.
Strange that anyone would have held previously on the 'assumption' that funding was secured. Funding has never been secured, not at any time.
The previous arrangement with Talaxis allowed them to increase their % by securing funding, which is not the same thing at all.
Numerous possibilities re funding, bearing in mind the demand for rare earths and the 'west' wishing to move from it's dependence on China for supply.
Talaxis is a major shareholder (part of the Noble Group) and would almost certainly be involved in discussions around offtake agreements.
International development / investments banks have been hosted at Songwe by Mkango so one would assume discussions are ongoing from that source.
In terms of Europe 'ERMA is pleased to announce that it will support Mkango Resources Ltd. (AIM/TSX-V: MKA) with securing financing for the development of a rare earth separation plant to be located in Pulawy, Poland.'
Of course, there's always the possibility of a proportion of funding through equity.
What form any of these take and in what combination is what everyone is keen to find out post MDA - it's all getting rather exciting.
As for share price - not a clue. I could say 50p then find out we're diluted 20% during the funding stage. Better off just focusing on market cap - currently well below Songwe value alone with Pulawy, Maginito, and other projects (inc Rutile) to add in.