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Lithium price hits $63000 per tonne a 500% increase in the last year. We were robbed but then everybody knows that. I would just like to hear from one board member why they sold out so cheaply??
Unfortunately this flies in the face of Government rhetoric and would be jumped on by the opposition. By that I mean the BBC. When I had a planning consent turned down I was given the opportunity to apply directly to the Dept of Environment. Many council decisions are overturned by them on the basis of National benefit over local hostility. I don't understand why UKOG haven't taken this step ?
Have just tripled my holding. Average now 18p Here's hoping
Don't count on it. One of the reasons I sold was because there was an International maritime Fuel conference and I contacted QFI management to ask if they were sending a representative or will they make a presentation. They replied that they wanted to compete all of their tests and trials before going public? Big lost opportunity. I should mention that I was a senior claims manager for a a specialised marine insurance company and one of the things we covered was fines arising out of dirty fuels. One of the fleets I was responsible for was Maerks Line hence the interest. Have the QFI board savvied up? I hope so.
I saw this morning that the EU have drones operating in European waters detecting vessels using dirty fuels with high sulphur content. Heavy fines are anticipated. Is this the time to get back
Into Quadrise? I invested yonks ago when I saw that Maersk line vessels were trialing the product but sold at 9 because Nothing much resulted from that and I am an impatient investor.
The worst statement an investor can make is "should have sold at?" That seems to apply here on every level. I'm still in big time and pinning my hopes on Turkey. If we get a duster, goodbye 10 years of wasted opportunities elsewhere.
Made a heavy (for me) investment first thing this morning after being shocked by the success of Just eat. I like that Deliveroo have tied themselves up with major supermarkets and that a major German player is showing more than a passing interest. Good luck to all on this board.
I have been holding BCN for nearly 10 years with the sure knowledge that the light at the end of the long tunnel would be very bright indeed. At one stage I was looking at a very nice profit when they reached 155p and like a lot on this board anticipated an end price of at least £5. I am very bitter about the turn of events and feel thoroughly let down by the BOD not only because of their capitulation but the many wasted years . Can't help thinking that there is a hidden agenda here. Do the board see this as a way of early retirement? I'm still in KDNC in a big way. Lets hope their 30% investment in the project will reap rewards.
https://www.australianmining.com.au/news/hastings-gets-an-early-start-on-yangibana-project/ KDNC have a major share in these projects.
Cadence own 1% of Macarthur value £4m 11% EMH =£18.55 30% of Megalit and Mexalit I estimate worth £94m 30% JV with Hastings which I value at £88m Total assets £204.5 m MKT cap £39.9m. ? plus Apapa. When will the market wake up ?
Can't trade on HL and IG doesn't recognise the stock Interesting that all purchases are small stuff whilst the sales are quite large ?
Found this on the internet. DYOR but I'm confident enough to stay put. My average is 0.24p If they slip further I might use that as an opportunity to get the average down further.
A June 2020 report prepared by Xodus Group Ltd ("Xodus") for AME calculates that two identified geological targets within the Licence's Cretaceous Mardin limestones, the undeveloped Basur oil discovery and the Resan "missed" oil pay opportunity contain an aggregate unrisked gross mean oil in place, or oil in the ground before extraction ("OIP"), of approximately 253 million barrels ("mmbbl"), with a significant high case (P10) gross aggregate OIP of 495 mmbbl. The Company's and AME's evaluations of the available 1950s and 1960s well and geological data conclude that potentially significant moveable oil within the naturally fractured Mardin has been overlooked by prior operators in both Basur and Resan (i.e. missed oil pay).
An undrilled exploration target in the shallower Garzan limestones, Prospect A, adds further unrisked upside OIP potential of between 68-112 mmbbl in the mean and high case (P10), respectively.
Note that UKOG's internal evaluation sees further upside resource potential than is currently identified by Xodus.
The Basur discovery, made in 1964, whose primary target was the shallow Cretaceous age Garzan reefal limestones, recovered 600 bbl of oil to surface from deeper naturally-fractured and dolomitised Cretaceous Mardin limestones. Core and cuttings contained live oil. Of the oil to surface, 500 bbl were produced over a 6-hour test period, equating to an extrapolated rate of 2,000 barrels of oil per day ("bopd").
Similarly, wells drilled in the 1950s at Resan originally targeted the overlying shallower Garzan but found good oil shows within the Mardin, although short tests were inconclusive. As the Mardin's natural fracture potential was largely unrecognised at the time, it is AME's and the Company's view that the Resan wells were not adequately tested.
Both Basur and Resan were drilled before the potential of naturally fractured Cretaceous limestone oil reservoirs was fully demonstrated by the giant fractured Cretaceous limestone field discoveries made in the same petroleum system within the Kurdistan region of Iraq including Taq Taq, Tawke, Peshkabir. The giant Kurdistan discoveries were made after 2002
Basur and Resan are also both geological look-alikes to AME's producing East Sadak field, discovered and put on production in 2014, some 20 km to the south east. East Sadak lies directly along the same folded elongated anticlinal (dome shaped) geological feature containing Basur and Resan and produces light 42° API oil from the Mardin limestones, with initial well rates of up to 1,300 bopd.