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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium

Member Info for lemmink

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Member Since: Sun, 20th Sep 2009

Number of Share Chat Posts (all time): 1,363
Number of Share Chat Posts (last 30 days): 7

Last Posted: Wed 12:53

Post Distribution over the last 30 days

Wed 12:53

Could do with a bit more liquidity though lol
Tue 23:10

Initial well test result is 778 boepd.
18 May '17

50k @ 3.44p (ish) ... holding 400k
11 May '17

Congrats for holding on to so many for so long ... I cut and ran at £1.48 and have not managed to persuade my self to buy back in yet ... it may be that I am locked out now + I have started dabbling with other stuff... FXPO was a big position for me (over 50% of pf) ...

FXPO is still a very interesting share to follow and £2+ type calls still sound plausible to me ...

I think iron would need to fall convincingly below $50 to cause problems here, which may be unlikely? I read somewhere that the cash cost of production for the restarted Chinese supply was $57 which is possibly the main cause of the iron price fall?

Re fxpo dividends ... my brokers sent me a tax voucher for the dividend paid into my shares isa but not for those into my non-isa nominee a/c (an oversight on their part ??) which they "believe will assist me in my reclaim" for the swiss withholding tax applied to the dividend (35%) ... I have not worked out what to do with it yet! ... I also currently wonder whether or not the market generally builds a discount into its collective valuation of FXPO because of the dividend tax rate applicable, since it would seem a bit odd to apply a tax if it was all reclaimable. I am not a dividend focussed investor so was taken aback somewhat by the swiss dividend muggers! ... GL
10 May '17

At least nothing polite :-(
8 May '17

Production 1877 boepd & revenue $25.7m
Cash ... $23m (26/04/17) but unchanged through 2016 at $20m end of year
Bottom line loss $1.2m ($1m 2015)
Drilling costs circa $6m
Underlying EPS estimated (by me) at 1.2p

Changes for 2017 are ...
introduction of pipeline tariff 10% ish of revenue??
end of gas processing deal worth $250k ???
tax rates generally ? falling a bit??
possible 300 - 700 boepd hook up to production by Q4
$3m extra revenue due to acquired production running for full year

Forecast underlying EPS 2017 (by me) 1.1p - 1.3p
5 May '17

options exercised @ 28.5p ... ****ers!
18 Apr '17

Hi & thanks, last year was brilliant, this year somewhat tricky so far, hope you are doing well.
18 Apr '17

Sold all at approx £1.48 ... possibly not the smartest of emotional reactions ... spoke to broker about the dividend thing ... sounds like too much of a faff ... I was probably looking for an excuse to run given iron price fog bank anyway ... might not be gone for long? ... GLA
18 Apr '17

1.7329 pence net on 11th confirmed ... just checked dealing account ... wow that's annoying 35% less than expected do we get the rest back at some point??

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