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VSR - Voltaic Strategic Resources

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Incremental Oil and Gas Ltd (IOG) is a producing oil and gas company whose strategy is to identify and acquire underperforming oil fields and to increase production and recoveries.

The focus of IOG's activity is onshore California. IOG has secured four projects:
  • Sheep Springs producing oilfield
  • Round Mountain development project
  • Guijarral Hills development project
  • Raven Pass exploration project

http://www.incrementaloilandgas.com
 
With the qtrly coming this week , this may well move along steadily . It seems to achieve , and could be similar to other oilers in California with growth in 2012.

They plan 10+ wells in 2012 , and have cash, plus options well within the money .

They have the usual hold-ups as the oiler exploration and frac industry is working to full capacity atm....hence delays in completions etc.,.

They have to wait their turn , but have resources booked . Mar Qtr will see some more achievements .

On watchlist as from today ..... hard to buy stock
 
On February 16th, 2018, Incremental Oil and Gas Limited (IOG) changed its name and ASX code to Eon NRG Limited (E2E).
 
Eon NRG just announced that it has acquired 18 mineral claims in Nevada's Basin and Range Province, highly prospective for cobalt, covering approximately 360 acres. The claims are located ~2 miles from an historic cobalt mine, and interpreted to be on a parallel offset structure.

The company has already commenced exploration over the claims including mapping and sampling selected sites.

The E2E share price has advanced strongly on the news, up 66.67% to 1.5c.
 
Eon NRG up a massive 316.7% to 2.5c today (intraday high of 3.5c) on news that it has achieved record sales revenue of US$660,000 (AU$929,000) with its current assets. Natural Gas prices have increased by more than 66% in the last two months and have boosted E2E's revenue from its Silvertip Field in Wyoming, USA.

Even at 2.5c, E2E has an EV of only $15 million with $12 million a year in sales. They are also recompleting another well in December to increase production. This one might be worth a look for value investors.

big.chart-E2E.gif
 
On August 1st, 2022, EON NRG Limited (E2E) changed its name and ASX code to Voltaic Strategic Resources Limited (VSR).
 
EXTENSION OF RE‐COMPLIANCE CAPITAL RAISE TIMETABLE
The Company wishes to advise that the indicative timetable for the Offers in the Prospectus dated 06 July 2022 has been revised, extending the closing dates of the Offers as follows:
Priority Offer Closing Date ... 12 August 2022
Re-quotation on ASX ......... 26 August 2022

There's a 290 page prospectus just waiting for punters to wade through.

June 2022: E2E has secured a portfolio of new exploration assets, targeting battery and precious metals,* under a re-compliance plan that will see the Company’s Shares relist on the ASX in the coming months. The Company was previously focused on onshore USA oil and gas exploration in California and Wyoming and mineral exploration in Nevada. A renewed strategy is to focus solely on minerals exploration.

*entered into agreements to acquire an extensive portfolio of prospective battery and precious metal exploration projects in the Gascoyne and Meekatharra regions of WA which are close to / along strike from recent discoveries, including the Arrow Minerals (ASX:AMD) Malinda Lithium and the Kingfisher Mining (ASX:KFM) Micks Well and Kingfisher Rare-Earth Element (REE) prospects.

the re-compliance .. includes a consolidation of capital on a 1 for 20 basis. (= wipe-out??
 
Dona Ferentes said:
EXTENSION OF RE‐COMPLIANCE CAPITAL RAISE TIMETABLE
The Company wishes to advise that the indicative timetable for the Offers in the Prospectus dated 06 July 2022 has been revised, extending the closing dates of the Offers as follows:
Priority Offer Closing Date ... 12 August 2022
Re-quotation on ASX ......... 26 August 2022

There's a 290 page prospectus just waiting for punters to wade through.

June 2022: E2E has secured a portfolio of new exploration assets, targeting battery and precious metals,* under a re-compliance plan that will see the Company’s Shares relist on the ASX in the coming months. The Company was previously focused on onshore USA oil and gas exploration in California and Wyoming and mineral exploration in Nevada. A renewed strategy is to focus solely on minerals exploration.

*entered into agreements to acquire an extensive portfolio of prospective battery and precious metal exploration projects in the Gascoyne and Meekatharra regions of WA which are close to / along strike from recent discoveries, including the Arrow Minerals (ASX:AMD) Malinda Lithium and the Kingfisher Mining (ASX:KFM) Micks Well and Kingfisher Rare-Earth Element (REE) prospects.

the re-compliance .. includes a consolidation of capital on a 1 for 20 basis. (= wipe-out??
Click to expand...
Any new story on this?
One Sydney broker is ramping it .
I noticed, the Company changed direction couple of times in last three years. That's interesting.
The capability and skill profile of the board does not inspire me. An MD with 15 years experience and what cmvalue drivers are there for me to speculate my money?

i could be wrong however hence seeking knowledge
Dnh
 
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Miner said:
Any new story on this? ... I noticed, the Company changed direction couple of times in last three years. That's interesting.
Click to expand...
Still struggling to define its purpose. Nevada may fall by the wayside as REE become a focus.

Metallurgical test work initiated on REE-enriched clays at Neo prospect, Paddy’s Well Project

Highlights
Metallurgical test work to commence on recently drilled rare earth elements-enriched clays from the Neo prospect at Paddy’s Well Project in Western Australia’s Gascoyne Region.
• The program aims to characterise the REE species present within the large clay intervals (up to ~30m true width) identified from near surface and determine:
o What fraction of the REEs are “ionic” (recoverable by ionic desorption leach)?
o What fraction of the REEs are in the more refractory colloidal & mineral phases?
o How does temperature, acid concentration & pH influence recovery?
• Conducting test work at this early stage enables the Company to ascertain the preliminary viability of a clay-hosted REE venture and to discern whether it would be more efficient and economical to focus solely on primary (hard rock) REE targets at Paddys Well.
• Halloysite has been identified from scanning electron microscope (SEM) analysis – common kaolinitic clay mineral found in true REE ionic adsorption deposits.
Screenshot_20230417-121736_CommSec.jpg


I sense a cap raise coming up.
 
Today's big advance (thanks @barney ) closing 137% higher... at least there was an announcement.

Ti Tree project maiden drill campaign update – significant width pegmatites intercepted from surface

Highlights
Multiple thick pegmatites intercepted at Andrada prospect, Ti Tree project, from “first pass” drilling with widths of up to 58m of continuous pegmatite from surface
• Phase 1 drilling complete across six (6) initial targets for 15 drill holes / 894m, with pegmatites intersected in all holes & each remaining open at depth. Assays expected in ~6 weeks.
• Drilling has confirmed key structural trends associated with favourable lithium, caesium, tantalum pegmatoids in close proximity to granitic contacts.
• Logistics and planning are being fast-tracked for follow-up ‘Phase 2’ campaign to test down-dip and extensional potential of the significant pegmatites intercepted.
• Scale potential: the Andrada Prospect resides within the 212km2 Ti Tree Project and hosts >300 mapped pegmatites from surface with <10% of the tenure explored to date .

Screenshot_20230509-185506_CommSec.jpg
 
Miscalculation in my previous post - deleted.

Excluding cross-trades (CXA), there was more selling volume than buying on the day of the big pump. I don't quite know how it's possible for a stock to rise that much in a day when there's more real (TM) selling, but there it is. I do recall it ticking over quite rapidly, and I'm guessing they throw in cross trades whenever needed to manipulate the price.

buy volume 1578816​
sell volume 1990683​
 
looking for a higher open
  • Firm commitments received for a two-tranche Placement of new Shares at $0.05 per Share to raise gross proceeds of $7.2 million (before costs).
  • Extremely strong support from new and existing institutional and sophisticated investors, resource focused funds, all Directors, Key Management and Employees of the Company.
  • Proceeds will primarily be applied towards accelerating exploration programs at the Ti Tree Lithium and Paddys Well REE projects in the Gascoyne Region
Screenshot_20230517-095144_Drive.jpg
 
Attraction some attention after todays DLI drill results (as is ZEU). In same geological formation, but this doesn't mean the chemistry is the same.

zeu1.PNG
 
Hot balloon exploded.
But reading the report, company was explicit the drilling of main areas were still pending. But there was not enough gas on the ramped price and hence collapse until to rise again in 1-2 days probably
1689555653966.png


Balloon started rising and falling from here enabling the CR at 0.05

1689555735191.png
 
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About 11 months since last posting on this thread and ironically it was I who posted.
VSR made few ripples with a Farm In with DLI.
But essentially more I read the announcements, I get puzzled more with the company's capability, strategic goals for the larger section of the shareholders.
The rock chip samples mean nothing to me unless and until some good measured resources validate the rock chip. Those samples are good to raise or down the stock prices for a day or two


DLI made a great deal for their own benefits with the JV terms and peanut to the VSR holders

DNH


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