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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Member Info for TrekMadone


Send a private message to TrekMadone

Member Since: Fri, 25th Apr 2014

Number of Share Chat Posts (all time): 934
Number of Share Chat Posts (last 30 days): 88

Last Posted: Fri 08:56


Post Distribution over the last 30 days




Fri 08:56

Lind have an influential holding which gives them a say on maximising shareholder returns. Their risk profile is different to that of other investment houses. Imo 5p is NOT maximising their roi here. Trek
Fri 08:48

News on bioplastics revenue. £0.75m, just for Q2. But once it’s out there this should very quickly take off as it’s a heat stable bio degradable plastic. The uses are limitless. Cactus development is miles behind this technology. Trek.
Tue 09:36

I just took 100k shares off table and sp went from 1.63 to 1.56. I sold for 1.56. Figure it may drift a while so at least I can add some more back in now possible at a lower sp. if not and it goes up all well and good. Trek, waiting for a bus!
Tue 09:23

Totally agree re shorts closing, takes a few days for tracker to update. They may also be long now. Nice work if you can afford enough to change the sp as on aim. Shorting should be banned on aim, especially if they short their own placings! Still sigh of relief through 23p now, can sit back and chill and buy any dips and sell into news. I prefer to average up, keep my core holding and try and make some beer money. Trek from the jungle.
Tue 08:32

Amazing they got it to 48 pages, still that’s what you get for 90k. £2.2m cash on books or 2.95 if you add in all the restricted stuff. 202k on travel and accommodation! Some bar bill! Also directors to be fair have deferred salary and fees dependent on farm in. How on earth you get fees and salary is beyond me. Still nothing really new in there, they have shown where the money has gone and looks like most of the costs have been front ended. If I was running the finance, back in the day I’d take away the fkers cooperate credit cards now and insist on authorising everything! I reckon we have best part of a year’s cash from now if they are sensible. Trek, there’s nothing wrong with travelodge ffs!
10 Jun '19

with the first of two wells spudding offshore Guyana before the end of the month. Make or break time for the company.”

Investors were hopeful, pushing the shares price up 1.3% to 77.50p.

https://www.proactiveinvestors.co.uk/companies/news/221757/eco-atlantic-oil--gas-counts-down-to-guyana-spud-as-drill-ship-is-mobilised-221757.html

Trek
10 Jun '19

Eco Atlantic Oil & Gas counts down to Guyana spud as drill ship is mobilised
Share

Exploration drilling is set to begin later this month with the Jethro Lobe well.

oil and gas operations

Exxon has found 5.5bn barrels in the next-door Stabroek block
The countdown is on for the start of Eco Atlantic Oil & Gas Ltd’s (LON:ECO, CVE:EOG) high impact exploration drilling campaign offshore Guyana.

Eco, in a statement, told investors that the Stena Forth drillship has now been mobilised and is on its way to Guyana from West Africa.

It is expected to reach Eco's Orinduik Block on or around 24 June, with the spud of the Jethro Lobe exploration well slated for 26 June.

Jethro Lobe will be followed by the a well on the Joe prospect which is located nearby, though Eco noted that the two targets are not contingent – meaning the chance of success at the second well won’t be impacted by the outcome of the first.

Orinduik is seen to be an exciting exploration opportunity given its proximity to Exxon’s Stabroek Block which has been a standout frontier success. Some 5.5bn barrels of crude have been found across thirteen discoveries within Stabroek. Even a fraction of that success in the adjacent Orinduik block would transform AIM-quoted Eco Atlantic.

"Our team, together with Tullow and Total, have comprehensively interpreted the nearly 3,000 square kilometres of 3D seismic data we shot over and beyond Orinduik and have selected the first two targets that we feel will allow us to accelerate the block's development,” said Colin Kinley, Eco’s chief operating officer.

“With the Stena Forth now mobilising westwards to Guyana waters, we are on course to drill a pair of potentially transformational wells for the company, for the block partners, and for Guyana.”

Kinley added: “We understand this play well and we are confident in our interpretation as supported by a relatively high chance of success, estimated at over 40% for both the Jethro and Joe prospect. Whatever the outcome of the two planned wells, we have enough capital for a multi well drilling campaign.

“We know that there are hydrocarbons on the block, and good quality sands like those on Stabroek, therefore the main risks are the quality of the seal and the presence of a trap.”
Crunch time
Eco is partnered with Tullow Oil and Total. The AIM-quoted explorer holds a 15% stake in Orinduik which spans some 1,800 square kilometres of the prospective Suriname-Guyana basin.

Jethro Lobe is estimated to have 214.5mln barrels of prospective resources, it is estimated to have a 43.2% chance of success. The Joe prospect, meanwhile, is estimated at 148.3mln barrels also with a 43.2% chance of success.

Eco noted that it has around US$35mln of cash which, according to Kinley, means the company can afford to participate in up to six additional wells across Orinduik (which presently has up to fifteen identified prospects).

In a note to clients, analysts at SPAngel commented: “Crunch
10 Jun '19

1 post today 26 trades all look like sells. Sums it up really. Trek I wanna catch that gravy train
10 Jun '19

Not saying 25p just saying in excess of. I am just weighing up my risk reward and look to make a decent profit should we get to 25p which is imo highly likely in which case I will sell some or all of my stake. If it gets to 46p well that’s for someone else to profit from. GLA Trek
10 Jun '19

One can only assume profit taking as news has been positive. Still that sets a new base. Trek
10 Jun '19

Well I’ve bought back in here because I see the sp progressing through 20p so that is a profit. I expect an offer in excess of 25p but 25p represents a decent and realistic profit from here. On the downside it’s always zero but I don’t think Fosun would want to loose their 18% or this opportunity to buy and as for the tcg BoD, well they always lookout for themselves first. Which = options = best sp

From proactive....

Thomas Cook Group PLC (LON:TCG) is in talks with its largest shareholder about a possible offer to buy the British travel company’s core tour operator business.

Chinese group Fosun International Ltd, which owns an 18% stake in Thomas Cook, has made a preliminary approach for the tour operator business.

Shares in Thomas Cook surged 21% to 19.58p in early trading.

READ: Thomas Cook reassures customers and suppliers about financial health after profit warning

The announcement follows months of speculation that Fosun was interested in buying parts or whole of the business.

Earlier this year, Thomas Cook put its airline business up for sale and said it was considering the disposal of its foreign exchange arm.

'No certainty that formal offer will be made'

In a statement, Thomas Cooks said the can be no certainty that the approach from Fosun could result in a formal offer.

“However, the board will consider any potential offer alongside the other strategic options that it has, with the aim of maximising value for all its stakeholders," it added.

Thomas Cook’s market value has slumped 83% over the past year following a series of profit warnings.

Last month the company was forced to reassure worried consumers and suppliers about its financial health.

The tour operator told customers that the business was not in trouble and that all of its holidays were protected by UK protection scheme, Atol.

It held talks with a range of suppliers to reassure them that it had plenty of resources to cover the summer holiday season.

Thomas Cook has blamed Brexit uncertainty, tough competition and last year’s summer heatwave for its recent underperformance.

https://www.proactiveinvestors.co.uk/companies/news/221773/thomas-cook-receives-takeover-approach-from-largest-shareholder-fosun-221773.html

Trek
8 Jun '19

Good spot, so therefore as I intimated it’s more likely we see a stake build rather than a takeover, at last for the foreseeable. IMO theres a lot of politics to play out before RBW are bought... Also the Burundi gov get to keep 10% of stock undiluted, not sure how that would play in a t/o scenario. Easier to onboard RBW, keep a distance provide finance and a market. Let RBW deal with locals and ops. Trek, pasted in code below, can’t be too careful!

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8 Jun '19

Hi kiwi, good debate and win win, I just think the DLA will buy a chunk and let the market know RBW is not for sale. Can’t afford any risks with supply and can’t be seen to be breaking anti trust regs. So not for sale, but the price of not for sale could be higher than that of a t/o. Trek top trumps! Lol!
8 Jun '19

Hi Kiwi, I disagree with takeover from US. I think as history has shown the DLA will build a controlling stake and keep rainbow under their wing for the foreseeable. Why introduce third party risk. Just sort finance and play sugar daddy. Trek sweet.
8 Jun '19

I wouldn’t rule out a placing done very quickly with the DLA and existing ii’s taking stock above or at the IPO price. That also supported with US offtake agreements and top pricing structure. US will make outside produces the first port of call for rare earths irrespective of trade developments. Tea leaves Trek.

https://www.marketscreener.com/LYNAS-CORPORATION-LTD-6492543/news/Exclusive-Pentagon-eyes-rare-earth-supplies-in-Africa-in-push-away-from-China-28713103/

https://www.marketscreener.com/RAINBOW-RARE-EARTHS-LTD-33647072/company/
7 Jun '19

You need to look through the trading statements. Lots of capex expenditure for growth and depletion in working Capitol meant they needed to keep raising at a lover sp. looking at the current run rate the financials have improved but even with 4.4m in revenue to be cash positive by 2021 I expect them to raise again. Also the impact of google and amazon is an unknown entity, lots of competition and margins may be squeezed. The live events, whilst popular are expensive. Sure the market is adjusting a value gap (I don’t know if they have had their investor day) but also it could be ‘another pump’ from the house before another raise. That imo is the dilemma now, do you buy seeing value and upside or wait through fear of another placing. I’ve not done so much research here since selling out, it’s just on my watch list. Trek, DYOR
7 Jun '19

I’m surprised GSA increase their short here as early as 20th May but overall they are in the money due to longevity of short position. I would not be surprised to see it close or even flip to long following director buy and GS buy rec. Things are looking good for Petra on the financials now and we have tenders in SA to look forward to probably this month. Perhaps that’s why the director buy now, it was by any standard a massive vote of confidence. GSA could open a long position, squeeze the short and make profit from both sides such is the reward of timing the market. They are an employee owned hedge fund. They couldn’t give a sht about Petra. Trek looking at a line of diamond ducks!

https://www.shorttracker.co.uk/company/BMG702781094/

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=27529715
7 Jun '19

At some point the profit taking from sub 6p will end and then we will be on the next step up. Imo few buyers at 6-8s will sell below 10 so we could see another leap before the next lot of profit taking. Trek
7 Jun '19

Meant to add imo or on my experience to post, from train. Trek
7 Jun '19

Meant to add imo or on my experience to post, from train. Trek


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