Member Info for StoneFold

The market for both AEX and SOLO reacted strongly just after 13:42 when AEX's RNS was released.

The market for both AEX and SOLO did not need to react just after 16:08 when SOLO's RNS was released, because that news was known by those who read the earlier AEX RNS.

With todays submissions - replies , traffic survey, revised plans, UKOG is up to date, and the ball is in the planning committee's court.

https://publicaccess.iow.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=Q7DSVFIQ07V00

Perhaps someone should give SOLO a phone call or something.
AEX are not the quickest when it comes to sharing info with SOLO.
SOLO need to dust off their data room do some sums and be prepared to negotiate or reject offers.

Https://www.londonstockexchange.com/news-article/AEX/ruvuma-farm-out-government-approval-received/14716934

AMINEX PLC

("Aminex" or "the Company")

Ruvuma Farm-Out - Government Approval Received

Aminex is delighted to announce that its wholly owned subsidiary, Ndovu Resources Limited, has received approval from the Tanzanian Government for the transfer of a 50% interest in, and operatorship of, the Ruvuma PSA to ARA Petroleum Tanzania Limited ("APT"). With receipt of such approval, the Company anticipates completion of the Farm-Out within the next few days.

Robert Ambrose, Chief Executive of Aminex commented:

"We are delighted to finally receive Government approval of the Farm-Out and would like to thank all agencies of the Tanzanian Government that were involved in the process. We would also like to thank ARA Petroleum for its invaluable assistance and support in securing Government approval of the Farm-Out and in advancing $5m to the Company over the past 12 months. We now look forward to completing the transaction within the next few days and handing operatorship over to APT."

Nocando was this the link?

https://twitter.com/jamesleithhill/status/1314960534052143105

Twitter says - Banners and swampies removed from rig.

Normal activities can resume.

If Cllr John Medland genuinely cared that the planning process remained as fully accessible to the public as pre-Covid, he would have sort his proposed procedural amendment to apply to all current planning applications, not just the one that he personally disliked.
His motion to alter the process was just a bitter attempt to delay the planning process for UKOG until the Covid 19 pandemic was sufficiently over and the public could return to licking their fingers and browsing documents in the council offices.

The councillors on the IOW planning committee unanimously rejected his motion.

https://www.countypress.co.uk/news/18742983.isle-wight-oil-plan-consultation-backed-councillors/

https://www.iow.gov.uk/Meetings/current/committeeDetail.aspx?cmteId=169
Currently proposed meeting dates.

ANSELMO,

Rare not Rear
https://en.wikipedia.org/wiki/Rare-earth_element
The 17 rare-earth elements are cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd), holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium (Pr), promethium (Pm), samarium (Sm), scandium (Sc), terbium (Tb), thulium (Tm), ytterbium (Yb), and yttrium (Y).

---
Precious metals: Gold, silver, platinum, and palladium
also : ruthenium, rhodium, osmium, and iridium.

Palladium not Paladinium which is somebody's fantasy game avatar.
https://worldofwarcraft.com/en-gb/character/eu/kazzak/paladinium

---
Base metals: copper, lead, nickel, tin, aluminum, and zinc.

---
Metal alloys: Brass = Copper + Zinc, see link for list of other alloys.
https://en.wikipedia.org/wiki/List_of_named_alloys

---

It is my opinion that they hedged q2 sales, fixing at the spot price on the first day of that quarter.
Then they saw that there was a strong growth in the gold price, that removed incentive to maximise gold sales for Q2.
Apart from generating the minimum cash required to cover outgoings in Q2, it would be better to hold back and then wait for Q3 and go back to selling at the variable spot price.
Even if they still chose to hedge Q3 at the price on the first day of Q3, that would be at a price $187 per oz higher than the price they were getting for selling during Q2.
So better to get the mill in order in Q2 and stockpile a bit of ore and dore, ready to benefit from the likely trend in stong gold prices for the forseeable future.

"....
Day 1 is via Gatwick Airport (30 miles with a good break in the middle for tea and snacks) and on to The Mad Hatters Tea Party being held on a big roundabout by the airport, see Facebook link here>> https://www.facebook.com/events/3130521850317562 after we’re heading to our camping sleepover near Horsehill oil drill site . Day 2 we head to Guildford to meet with our Xr rebel friends who are generously hosting us providing beds and camping spots.
..."

Horse Hill staff and police should be notified.

https://www.facebook.com/events/1583143118525809/
"...
Saturday, 29 August 2020
10:00-13:00
Bike Swarm supports Brighton XR actions tbc
13:00-19:00
Bike Swarm from Brighton to Gatwick and Horsehill Oil drill site (30 miles)
Sunday, 30 August 2020
10:00-16:00
Bike swarm cycle ride from Horsehill Oil Drill site to Surrey stop over (22 miles)
..."

For clarity during q2 2020
mined 143,400 t ore
milled 94,057 t ore
therefore stockpiled 49,343 t ore [ not my typo in previous post of 49, 49,343 t ore stockpiled ]

These figures are my guesses, the actual production figures for Q3 (or maybe H1) will reveal the value of what was carried over from Q2 to Q3.

49,343 t ore stockpiled

For Q2

mined, milled, poured, sold within quarter 2 = 2,892 oz @ average price $1,583 oz = revenue $4.578 million

plus
mined, milled, poured, sold a few days after end of quarter 2 = 718 oz @ for comparison using the same average price $1,583 oz = revenue $ 1.136 million

plus
mined, 49, 49,343 t ore stockpiled to be milled and poured and sold next quarter = estimated 1,802 oz @ for comparison using the same average price $1,583 oz = revenue $ 2.852 million

If the mill had not shut for maintenance and all the ore mined had been milled and poured and sent off for sale to the refinery within the quarter 2 dates then the Q2 totals would be:

ore mined and milled 143,400 t
gold poured and sold 5,412 oz
revenue (using average gold price $1,583 oz) = $8.567 million [ which is + $3.99m or +87.1% compared with q1 2020 revenue).

The actual price that the 718 oz and estimated 1,802 oz would be sold for during quarter 3 is not known, but looking at the gold price chart it is likely to be higher than the $1,583 oz in quarter 2.

Covid 19 has not so far affected the Kazakhstan mining industry, H1 2020 production figures for the whole industry were similar to those H1 2019. Nothing is certain, but hopefully the risks will continue to be well managed.
It has the chance to be an industry sector with better prospects of avoiding the negative effects most other sectors have felt from Covid 19.
The increased demand for gold as a safe investment has compensated for the temporary drop in demand of global manufacturing and jewellery sales. The future gold price may continue to rise, which would make short delays in gold sales attractive.

On the whole ALTN continues on the path of strong value growth.

busterhogdog
After having a quick look, Tesco's slogan appears to be the best fit.

The gold price is moving up fast.

Gold price now $2036 oz

https://goldprice.org/gold-price-usa.html

Gold price now $2008 oz

Every little helps.

The next planned meetings for 'Planning Committee' are:
11/08/2020 - 16:00 - Virtual cancelled
22/09/2020 - 16:00 - Council Chamber

Possibly they have seen the shambles of virtual meetings held elsewhere.

No public comments yet on another planning application:
20/01061/FUL | Demolition of agricultural buildings and the garage to No 125 Marlborough Road; Proposed development consisting of 475 new dwellings..
Perhaps all the best biospheres are converting their farmland into housing estates.

Whoops I meant smythe was being flexible about his UK address, not SS.

Like lie about his address.

Ibug
Thanks that makes more sense.

Ibug,

If you look at the drone footage video kindly found by Exploration

https://youtu.be/dH3TR-lvgDE

You will see the water line at low tide and the mud of the river bank rising from the waters edge up to the concrete yard upon which sit the white storage tanks of the fuel depot.

Look again at the chart for that area:

http://fishing-app.gpsnauticalcharts.com/i-boating-fishing-web-app/fishing-marine-charts-navigation.html?title=Cowes+Harbour+and+River+Medina+boating+app#16.1/50.74719/-1.29079

The grey zone on the chart that corresponds to the muddy river bank has negative figures, whereas the blue zone in the central body of the river has positive figures.
The positive figures are feet below sea level (at low tide?).

So at low tide the deepest part of the river at that location is 11.2 feet and highest part of the muddy river bank is minus 7.2 feet below sea level (= 7.2 feet above sea level).
This is confirmed in the video, by the presence of a zone of green vegetation and small trees/bushes on some of the higher parts of the mud near to the concrete.

At high tide add 2.7m or 8.8 feet.
That gives deepest part of the river at that location as 20 feet below high tide level and the highest part of the muddy river bank is 1.6 feet below high tide level.

Without a lot of dredging I don't know where a vessel could moor to get access near to the fuel depot.