Member Info for TheBasher

09-Sep-24 08:31:37 1.20 2,450,000 Buy* 1.10 1.20 29.40k O

09-Sep-24 08:31:18 1.20 2,450,000 Buy* 1.10 1.20 29.40k O

Save me trawling the presentations, anyone know what Kodal’s Al-In Sustaining Costs or Total Cash Costs (AISC or TCC) are?

It certainly is an intriguing scenario…

I am definitely reassured that Warner has committed approx £500k to Clontarf and has a 7.7% stake in the company. I work with international projects that raise money - investors, however wealthy, don’t do that on a whim - there must be a defined ROI before they will even consider investing, let alone committing funds.

According to Next Chen X “… it is estimated that testing of customer brines should begin late in the third quarter 2024” which is from around now, so we are not far off (hopefully) from getting an update.

I thought I had invested in a gold exploration company! I feel a name change coming on. Just drop the “gold” and job done.

Http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240909:nRSI3157Da&default-theme=true

@goingtomoonufo

Ah, bless you. And you were doing so well today. Time for your meds….

Posted 19th August 2024

NEXT-ChemX Corporation

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

June 30, 2024

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

NEXT-ChemX Corporation, formerly known as AllyMe Group Inc. (the “Company”, “we” or “us”) was incorporated under the laws of the State of Nevada on August 13, 2014, and has adopted a December 31 fiscal year end. The Company trades on the OTC market (Pink Sheet) under the symbol “CHMX”. On December 23, 2021, the Company filed SEC Form 8 A12G becoming a mandatory filer and has since complied with all reporting requirements of the Securities Exchange Commission as a reporting issuer.

Extract:

The primary focus of the Company is the commercial launch of its iTDE Technology in a scalable system and cost-effective system that may be deployed remotely to customer locations.

During the first six months of 2024, the Company has continued to manage the construction of the first of two pilot plant systems that will form the basis of its ongoing commercialization efforts by demonstrating the scalability of the system for commercial purposes. This will be done by providing actual commercial data to define typical running costs, and by generating commercial interest by processing samples supplied by potential customers to demonstrate the iTDE technology’s capabilities commercially. The two planned systems include (i) a smaller flexible system utilizing the iTDE Technology that will enable the processing of solutions containing lithium to demonstrate the commercial viability of the system; and (ii) a larger system that will handle the processing of industrial quantities of brines, better demonstrating the scalability and performance of the system when used commercially to extract lithium.

The first system is undergoing trials. The trials and tests should continue into the third quarter 2024 and it is estimated that testing of customer brines should begin late in the third quarter 2024.

The Company will run the first extraction tests on brine solutions mixed with controlled defined quantities of single elements followed by controlled mixtures that will finally approximate the naturally occurring brines of potential customers. The Company has already received small brine samples from Clontarf Energy plc (“Clontarf”), a UK AIM listed company with whom the Company concluded an agreement to iTDE Technology in Bolivia through a jointly established commercial venture. The composition of these brines will be the basis for modeling these controlled samples. This initial calibration of the system will be done by making synthetic brines based upon analytical data received from the Bolivian State Lithium Company and should provide a basis for better testing with actual brines. We expect large container sized samples of actual brines to arrive in India in or about November of 2024 for testing in our pilot plant system.

One more….

https://x.com/TheSecretAcct/status/1831783950210986437

BMW to start selling hydrogen cars from 2028

Https://x.com/BMWGroup/status/1830516037936115896

The BMW iX5 Hydrogen pilot fleet takes over 🌎 💦

This innovative vehicle has been making its mark in various cities worldwide since last year. Have you seen it in action yet? 👀

Discover more: https://b.mw/9o2UH8

#BMWGroup #THEiX5Hydrogen #hydrogen

https://x.com/BMWGroup/status/1831242864581341663

‘Pioneering hydrogen tech since 1979 💡

Did you know that we’ve been working with hydrogen as a potential drive system for decades? And our journey with hydrogen is still ongoing. Stay tuned for more news over the coming days: https://b.mw/z1UG3”.

#BMWGroup #hydrogen

@goingtomoonufo

Ah bless. It’s ok. First there was “care in the community” then there was “care on the bulletin boards”.

Of course, dear, yes you’re right. There, there.

IF there was a raise, I would hope it would, for the time being, be limited to Clontarf "keeping the lights on" while they partake in the Convocatoria. Seems like their financial status has been guaranteed by their German partner and being part of the EU initiaitive, and any funding of future major projects would likely, to the most part, be undertaken by the EU initiative which will apparently fund 2/3rds of an infrastructure project. If CLON do manage to win any contract then I suspect we may we see another raise in relation to specfic projects/contracts. Just an opinion.

From DH in July;

"EU Commission leadership has been key in financing necessary infrastructure, especially through the 'Global Gateway' initiative. The EU was initially slow to respond to the Chinese challenge, but now moves decisively - backed by circa €400 billion of possible financing. 20-year money at a 3.3% coupon convinces many counter-parties. They are saying it with cash, as well as markets and strategic partnerships. The EU does not bring the historical baggage handicapping other power-blocs."

and....

"Throughout this process, the EU Commission has shown vision and leadership in bringing together "Team Europe", while facilitating infrastructural investment for Bolivia to join the ranks of Lithium exporters. The EU dialogue with Bolivian authorities has helped to streamline and improve selection criteria. We are optimistic that the EU's "Global Gateway" development initiative, perhaps treating Bolivian Lithium as a Beta project, may de-risk qualifying projects and finance infrastructural investment, which typically constitutes two-thirds of capex of new projects in virgin locations".

“The Karoo results are very encouraging, especially as we've been able to flow high concentrations of helium—7.6%, higher than what we'd previously flowed during the drill stem test earlier this year.

This justifies why that longer flow period with an extended well test is required. It's also important to note that the well has been flowing by itself without stimulation, which is very good news. The subsurface teams are still evaluating all the data coming out of the well, and there's a lot of technical work to do.

We'll be looking to integrate the results of the fractured basement well test upon completion to have a broader understanding of the maximum flow rates, best performance, and important gas-water ratios. These data sets are crucial for determining the project's commerciality.

While we're only halfway through, we're looking forward to making further announcements in due course, but these initial results are very encouraging”.

Re Hubei buyout, with their track record of paying, I would rather they didn’t. Get into production and it would be much easier to find another suitor.

And there are such things a pumps to clear water from ground if necessary!

With a price of 1.25 then I think that would be a fair assumption.

I’m no miner and have no direct experience of this, but if you take some gold exploration factual entertainment shows at face value, the mining scene in Africa can be pretty lawless, and is victim to significant illegal mining and pouching, including by Chinese miners who have moved en masse to Africa. Operations, whether legal or illegal, are protected by armed security who are not afraid to pull the trigger. Intimidating legitimate claim owners so they can continue illegal operations is not uncommon.

I’m not saying that KZG are dealing with this problem, and hope that this is more in-line with how KODAL are partnering with the Chinese (but they have been paid all monies owed for the JV).

That said, KZG may be dealing with a more complicated scenario than first appears but unfortunately we have received very little information on what is happening or the strategy to resolve it. I for one thought we as share holders would have seen some reward as a direct result of the mine purchase (eg the Special Dividend as mentioned by DE). It does appear though that the reduced funds received has allowed the other projects to progress without further dilution and we are now seeing the results of that.

If KZG can get this issue resolved then that could add some rocket fuel to the uptrend in share price.

A 12%+ drop on low volume? I wonder if we will see some large orders being filled later today then a quick reversal to continue the uptrend?

Gotta love AIM.

Good grief, Steve! What have you been taking?!

The news is very welcome indeed, and it appears there will be further positive news flow in the near future. My patience has been well and truly tested with this one and now that will be rewarded. A few months ago, the thought of breaking even on this seems like a fantasy, and I’m now looking at moving into profit soon. As this is the largest holding in my high-risk portfolio to say I’m relieved is an understatement.

Looks suspiciously like a buy, not a sell if the price data is correct.