Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I think it was mentioned in an interview early in phase one that they got share options ?
I could be wrong and haven't checked back.
My hypothesis (good word) is based on time between last assays and the interview that we had the lab dedicated to our assays for a period (cannot remember length now)
What's your hypothesis 3cb?
Clearly they have decided to batch them up, don't blame them to be honest, the Market wasn't really reacting at all to the individual assay results towards the end.
Once upon a time we talked hopefully about funds etc taking a stake to help provide some stability in the share price. I think at this point with hopefully only 6 months left to go before triggering the Anglo buy back decision I am inclined to agree with those who view an ii as a risk we could do without. It would only every put us further down the pecking order and we have already stomached a year of volatility in the share price - what's another 6 months ?!
I wondered if there were some funds like the middlekoop one that were holding out in the hope of buying in via a placing but following Colin's interview have now changed strategy and trying to accumulate via open market ? Realistically any larger investor wanting to buy in before M&A action potentially starting in June, has to start accumulating soon.
The volume on interactive investor is showing 4.8 mil shares but London South East is showing more like 3 mil shares bought and sold, expecting some delayed trades to show up after hours.
The DEP of June 2019 state a life of mine recovery rate of 82% is targeted based on the testing they did. All the theory has been done they now need to understand why in application they aren't replicating the lab results.
Ella, he also said Eureka first dispatches shortly.
Mralien, Cygnus and howezap.
Actually for me the most important takeaway from Ascot is not necessarily how much $value we get from a buy out. Rather a second polphry will make the project viable for majors without infrastructure in the Lachlan fold i.e. AA.
It's something we debated earlier this year as the Xtract study CAPEX was quite high.
Much less likely to reach a stalemate with AA following Ascot discovery if we prove the grades to be economic in my opinion.
Joe and Howe
Colin certainly sounds bullish over the short term cashflow, maybe this has given him the confidence to allocate a higher proportion or maybe some contingency to drilling budget. He could fund some of the modelling and studies from cashflow.
Will be an interesting open Stevem, I think we get a good reaction due to Colin putting a time frame on when we expect to trigger the Anglo agreement. We saw 10% on Friday purportedly on just a rumour of the interview.
Not sure how much reach these Sunday roast podcasts get, would be good for it to be worked into an RNS at some point soon.
Must be close now as that was filmed a month ago. Would be a great start to the year to be able to RNS first income from Manica.
Happy new year all, what a roller coaster this share has been in 21. Here's hoping to more ups than downs in 22 :-)
Many thanks to all the regular posters, I have learned a lot from you all this year.
I liked the sound of a project team getting setup around the JV, and hopefully therefore a dedicated project manager. Colin did that for Xtract / Bushranger and progress increased exponentially, as it was no longer reliant on Colin and himself being stretched too thin.