Metalnrg Share Discussion Threads

[kennyruss] 27/10/2017 09:55

only took you 7 minutes to bite, too easy..

[kennyruss] 27/10/2017 08:05

TIDMMNRG

27 October 2017

MetalNRG plc

("MetalNRG" or the "Company")

Palomino Project Update

MetalNRG plc (NEX:MNRG), the natural resource investing company traded on the
NEX Exchange Growth Market in London, has noted the recent announcements from
companies with projects in the Pilbara region of Australia.

The Company has also received enquiries from investors about MetalNRG's
potential interests in the Pilbara region, which currently comprise one project
area under application (Palomino Project) and one further project area under
application (Palomino North) which is the subject of a forthcoming ballot (i.e.
another company has also submitted an application in respect of the same ground
applied for by MetalNRG's Australian working partner and thus a ballot is held
to determine the successful applicant, unless the parties reach suitable
agreement as to how the joint application is to be handled prior to the
ballot). As announced on 12 October 2017, the Company will update shareholders
as and when it is known that the application, for Palomino North has been
successful or not.

As outlined within our Strategic Business Update announcement on 12 October
2017, whilst the Company originally submitted the applications with a cobalt
focus, and cobalt remains a key target metal for both projects, due to their
geographic location within the Pilbara region of Western Australia, the
application areas may also be prospective for gold, as a number of companies
are reported to have discovered potentially significant gold bearing
conglomerates elsewhere in this largely underexplored region.

MetalNRG has been monitoring developments in respect of the Pilbara region and
notably in respect of companies holding interests in close proximity to our own
potential interests, including the results of exploration work and analysis
conducted by those companies. This includes London listed Greatland Gold (LON:
GGP), which released a detailed update on 24 October 2017 in respect of its
Panorama Project, which consists of two adjoining exploration licence
applications one of which is also adjoining MetalNRG's potential Palomino
Project.

MetalNRG is working with its Australian partner and its own technical team to
assess the technical information and findings of those in proximity to our
potential interests and forming a view as to how this may impact the
prospectivity of the Palomino Project. We will update the market on our
findings at the earliest opportunity.

Paul Johnson, Chief Executive Officer of MetalNRG commented: "We are grateful
to be in a potentially fortunate position. In the case of the Pilbara region,
our licence applications originally submitted with a cobalt focus now need to
be seriously assessed for their gold potential. Based on recent announcements
by our neighbours and other companies operating in the region, it seems clear
that the Eastern Pilbara is prospective for gold. Indeed, there is gathering
excitement surrounding more and more of the companies operating in the broader
Pilbara region.

MetalNRG, like many others, is highly intrigued by what is unfolding in the
region. That said, we want to maintain a calm perspective and focus on
building our technical knowledge, helped tremendously by information released
into the public domain by our peers. We will report to the market the findings
of our technical review in due course."

Transaction background - Palomino Project

As noted in the announcement of 29 June 2017, to secure the right to acquire
100% of the Palomino application, when it becomes a granted licence and subject
to the normal regulatory approvals needed for licence transfers, MetalNRG has
agreed to cover the direct costs of the vendor up to circa A$15,000 and to
issue one million MetalNRG shares to the vendors at a deemed price of 1.5p per
new ordinary MetalNRG share. If the Palomino application is granted, MetalNRG
will issue a further two million shares to the vendors at a deemed price of
1.5p per new MetalNRG ordinary share.

Additional Share Based Payment

In recognition of the additional work that has been undertaken by our
Australian partner, Redstone Metals Pty Limited ("Redstone"), the Company has
agreed to issue 500,000 new ordinary MetalNRG plc shares to Redstone at a
deemed price of 1.5p which reflected the share price at the time the work was
undertaken. This is separate and in addition to the original terms agreed for
the right to acquire Palomino as outlined above and detailed originally within
our announcement of 29 June 2017.

The technical information contained in this disclosure has been read and
approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified
geologist who acts as Competent Person. Mr O'Reilly is a Principal consultant
working for Mining Analyst Consulting Ltd which has been retained by MetalNRG
PLC to provide technical support.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules ("DTRs"), following completion of the above Additional Share
Based Payment the issued ordinary share capital of MetalNRG will consist of
139,326,404 ordinary shares with voting rights attached (one vote per share).
There are no shares held in treasury. This total voting rights figure may be
used by shareholders as the denominator for the calculation by which they will
determine whether they are required to notify their interest in, or a change to
their interest in, MetalNRG under the DTRs.

The Directors of the Company accept responsibility for the contents of this
announcement.

Contact details:


MetalNRG plc [phone]
Paul Johnson (Chief Executive Officer)

[failedqs] 20/10/2017 09:09

Decided to bail out - forgot how much of a lottery it is selling NEX shares!! Even small amounts traded at well under the quoted spread, Barclays won't accept anything except an "at best" instruction for selling.Got back exactly what I put in at the original IPO many years ago, less dealing costs.Good luck all - I'm using my proceeds to buy more bitcoins.

[kennyruss] 18/10/2017 10:39

crack on stig

[the stigologist] 18/10/2017 10:22

Archived for any future FCA investigation


kennyruss 18 Oct '17 - 10:12 - 63 of 64 0 0

There is a private room on Twitter that has some great research

[kennyruss] 18/10/2017 10:12

There is a private room on Twitter that has some great research

[failedqs] 18/10/2017 10:10

Nope, not on twitter I'm afraid!

[kennyruss] 18/10/2017 09:36

Dunno QS, the Oz and Nevada projects to be secured at 1.5p per share deals for 100% ownership.

Are you on twitter QS?

[failedqs] 18/10/2017 09:25

Been a holder since original IPO of ZimNRG - it's been a long haul but finally a sign of life!.....Fundraising coming for sure.

[kennyruss] 18/10/2017 09:15

+100% today already

[kennyruss] 17/10/2017 16:14

Stig, based on what?

They have cash, no debt, current deals arranged at 1.5p per deal transaction.

[kennyruss] 17/10/2017 16:13

17/10/2017 3:05pm
UK Regulatory (RNS & others)


TIDMMNRG

MetalNRG plc

("MetalNRG" or the "Company")

17 October 2017

Holdings in Company

MetalNRG plc (NEX:MNRG) the natural resource investing company quoted on the
NEX Exchange Growth Market in London announces that the Company has today
received notification from Andrew Neal that he owns 5,656,000 ordinary shares,
representing 4.07% of the issued share capital of the Company.

The Directors of the Company accept responsibility for the contents of this
announcement.

Contact details:


MetalNRG plc [phone]
Paul Johnson (Chief Executive Officer)


NEX Exchange Corporate Adviser [phone]
PETERHOUSE CORPORATE FINANCE LIMITED
Guy Miller
Mark Anwyl

Corporate Broker [phone]
SI CAPITAL
Nick Emerson
Andy Thacker

Notes for Editors:

MetalNRG is quoted on the NEX Exchange Growth Market in London with the stock
code MNRG and is a natural resource investing company.

NEX Exchange:

Investors wishing to consider trading in NEX Exchange Growth Market quoted
shares can access this market from numerous brokers, a full list of which can
be accessed through the following link:

hxxp://www.nexexchange.com/for-investors/find-a-broker/

The list accessed through the link above includes certain brokers offering
online trading of NEX Exchange quoted shares.

The Investing Policy of the Company is as follows:

The Company's Investing Policy is to invest in and/or acquire companies and/or
projects within the natural resources and/or energy sector with potential for
growth and value creation, over the medium to long term. The Company will also
consider opportunities in other related sectors if the Board considers there is
an opportunity to generate an attractive return for Shareholders. This will
include natural resource technologies and fintech opportunities offering
leverage to resource identification, processing, recording, storage and trading
businesses.

Where appropriate, the Board may seek to invest in businesses where it may
influence the business at a board level, add their expertise to the management
of the business, and utilise their significant industry relationships.

The Company's interests in a proposed investment and/or acquisition may range
from a minority position to full ownership and may comprise one investment or
multiple investments. The proposed investments may be in either quoted or
unquoted companies; be made by direct acquisitions or farm-ins; and may be in
companies, partnerships, earn-in joint ventures, debt or other loan structures,
joint ventures or direct or indirect interests in assets or projects.

The Board may focus on investments where intrinsic value can be achieved from
the restructuring of investments or merger of complementary businesses. The
Board expects that investments will typically be held for the medium to long
term, although short term disposal of assets cannot be ruled out if there is an
opportunity to generate an attractive return for Shareholders. The Board will
place no minimum or maximum limit on the length of time that any investment may
be held. The Company may be both an active and a passive investor depending on
the nature of the individual opportunity.

Where the Company builds a portfolio of related assets it is possible that
there may be cross-holdings between such assets. The Company does not currently
intend to fund any investments with debt or other borrowings, but may do so if
appropriate. Investments in early stage assets are expected to be mainly in the
form of equity, with debt potentially being raised later to fund the
development of such assets. Investments in later stage assets are more likely
to include an element of debt to equity gearing. The Board may also offer new
Ordinary Shares by way of consideration as well as cash, thereby helping to
preserve the Company's cash for working capital and as a reserve against
unforeseen contingencies including, for example, delays in collecting accounts
receivable, unexpected changes in the economic environment and operational
problems.

The Board will conduct initial due diligence appraisals of potential business
or projects and, where they believe further investigation is warranted, intend
to appoint appropriately qualified persons to assist. The Proposed Board
believes its expertise will enable it to determine quickly which opportunities
could be viable and so progress quickly to formal due diligence. The Company
will not have a separate investment manager. The Company proposes to carry out
a comprehensive and thorough project review process in which all material
aspects of a potential project or business will be subject to rigorous due
diligence, as appropriate.



END

[kennyruss] 13/10/2017 08:22

Interesting times ahead.

MetalNRG plc

("MetalNRG" or the "Company")

12 October 2017

Strategic Business Update

MetalNRG plc (NEX:MNRG) the natural resource investing company quoted on the
NEX Exchange Growth Market in London is pleased to provide a strategic business
update for investors.

During the summer months the Company has been working actively in the
background, on a number of initiatives. Certain matters are now closing in on
a conclusion, however the Company feels it would be prudent to outline the
areas of commercial work underway, in order to give shareholders an indication
of the activity levels and potential direction of the Company.

Palomino Cobalt, Australia

The Company has two exploration licence applications in progress, covering two
different project areas, namely Palomino and Palomino North. The Company has
the right to acquire 100% of both projects from our Australian partner, upon
successful granting of the respective exploration licences, further details of
which can be found within the Company's announcements dated 29 June 2017 and 24
August 2017.

Whilst the Company originally submitted the applications with a cobalt focus,
and cobalt remains a key target metal for both projects, due to their
geographic location within the Pilbara region of Western Australia, the
application areas may also be prospective for gold. As a number of companies
are reported to have discovered potentially significant gold bearing
conglomerates elsewhere in this largely underexplored region.

The extent of interest in this region is demonstrated by the fact that in
respect of Palomino North, we have been notified, that another mineral company
has submitted an application for the same exploration ground as the Company, on
the same day we submitted application, and thus MetalNRG's partner will now be
entering into a ballot to determine which party successfully secures the
application. MetalNRG has spent A$15,000 to secure the right to 100% of the
Palomino North licence, as well as Palomino, when it becomes granted and the
Company has also issued one million MetalNRG shares to the vendors. The Company
will update shareholders as and when it is known that the application, for
Palomino North has been successful or not.

MetalNRG and its Australian partner have received various expressions of
interest in the two exploration licence application packages and should
suitably attractive formal offers be received we will consider disposal of our
interest(s). This does not mean the Company will dispose of any interest, but
that the option would be available for consideration by the Company.

In the interim MetalNRG is conducting initial work to assess gold prospectivity
on the licences alongside cobalt prospectivity, and further information will be
provided to the market when this initial work has been completed.

US Cobalt, United States

The Company announced on 12 July 2017 the acquisition of an 18.18% stake in US
Cobalt Pty Limited and the option to increase this to 100% subject to due
diligence. Part of the due diligence process was the completion of project
licence specific and regional prospectivity review work which was commenced in
July as announced on 21 July 2017.

We are now in receipt of an updated report in respect of the US Cobalt project
and this is undergoing technical review at present.

This report details findings of the work conducted over US Cobalt's 100% held
Columbia Pass Project ("Project"), which comprises 316 contiguous mineral
claims within the Goodsprings Mining District ("Goodsprings"), approximately
50km south west of Las Vegas, Nevada, United States.

We intend to provide a more detailed update to the market shortly, however the
work programme commenced in July 2017 has defined two prospective belts based
on geological and mineralogical studies; the Fredrickson Zinc Lead ("FZP") belt
and Swansea Copper Cobalt ("SCC").

Samples from historical surface workings proximal to the Project ranged up to;
6.21% copper, 23.3% zinc, 180g/t silver in the FZP; and 12.6% copper and 1.96%
cobalt in the SCC belt.

With both the FZP and SCC belts ranging through the US Cobalt claim blocks,
areas for follow-up sampling are well defined.

The Columbia Pass area has a long history of small scale copper, zinc, lead and
gold mining. Within the historic copper mines of the SCC belt, cobalt
mineralisation was widely noted, but at that time, largely unexploited.

A comprehensive summary of the summer work programme, findings and next steps
will be released shortly, following interpretation of the supplied datasets.

Uranium Opportunity

MetalNRG has been approached by a third party wishing to utilise MetalNRG as a
listed vehicle for a uranium opportunity. This project opportunity is under
review at present and we will update the market should we decide to proceed and
achieve a commercial agreement with the third parties involved.

Paul Johnson, Chief Executive Officer of MetalNRG commented: "Although a small
company with a market capitalisation of under GBP1million MetalNRG has been
exposed to numerous significant and exciting opportunities in the energy metals
and minerals environment. We have outlined certain opportunities above however
we are also pursuing a number of additional potential projects, notably in the
cobalt space.

The extent of opportunities available has led to an intensive work period over
the summer and a reduced amount of market communications. News flow is vital
to market engagement, trading volumes and share price performance and it is my
intention to enhance the forward news flow as we crystallise new opportunities.

We are moving into what I believe will be a very exciting and value generative
period in the Company's life cycle. I would like to thank shareholders who
have demonstrated patience, commitment and support in recent months as we have
continued our work.

Investors should be absolutely aware that until formal market announcements are
made confirming commercial agreements, there is no certainty that a commercial
transaction will be concluded."

The Directors of the Company accept responsibility for the contents of this
announcement.

The technical information contained in this disclosure has been read and
approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified
geologist who acts as Competent Person. Mr O'Reilly has visited the US Cobalt
project site and met with the exploration personnel. Mr O'Reilly is a Principal
consultant working for Mining Analyst Consulting Ltd which has been retained by
MetalNRG PLC to provide technical support.

[kennyruss] 12/10/2017 16:46

Looks like we have a lot going on in the background.
£5k of trades today and share price is up 74%

[the stigologist] 19/9/2017 15:00

well done Paul Johnson another complete and utter bell end

[the stigologist] 24/8/2017 08:07

probably dilutive discounted placing coming

[goneawol] 24/8/2017 07:43

Expansion of Australian Cobalt Interests

MetalNRG plc (NEX:MNRG) the natural resource investing company quoted on the NEX Exchange Growth Market in London is pleased advise that the Company has added additional cobalt prospective ground to augment the original licence applications announced on 29 June 2017.

The additional ground will form a new project area to be named Palomino North, and materially increases the area under licence application.

The Company continues to examine, with its partners, additional cobalt opportunities in the area and therefore for commercial sensitivity reasons has limited the specific licence information revealed in this announcement. Further information will follow at the appropriate time.

Licence areas included have been selected utilising historic work undertaken on the properties which has demonstrated cobalt prospectivity notably through the identification of high grade stream sediment results. Moreover, the licence application area has been secured following the statutory reduction in ground holding by another company who themselves were focused on the development of non-cobalt opportunities.

The Company can also confirm that MetalNRG Australia Pty Limited has now been incorporated and going forward this will act as the repository for future acquisitions and ultimately, on granting of licences, for the housing of Palomino and Palomino North projects.

more...

[goneawol] 01/8/2017 10:34

Shares spotlight - Interview with Paul Johnson