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Panr, interesting read, 2 years to first gas production,
Seems the price increased while there was something to wait on that advanced progress to finding out what was under the ground..once the fracking permit was given to improve recover-ability (I assume) the drift down started, but lots of difficulties too, 15000ft wells on land, thats deep..
dai2
yeah....oil n gas wise
check out the panr long chart,using the technical chart
https://www.lse.co.uk/ShareChart.asp?chart=technical&sharechart=PANR&share=Pantheon-Res
huge spike on whopper flow rates......then 5 years of the sluggish stages.
now recovering
your all,at the early stage,of exploration.
nitezzzzzzzzzzzzzzzzzzzzzz
Thanks, lots a variations at first glance.. best chill a beer ;)
heres the oil and gas,cycles dai
https://uk.images.search.yahoo.com/search/images;_ylt=AwrJ7B2i__JhomAAAVFNBQx.;_ylu=c2VjA3NlYXJjaARzbGsDYnV0dG9u;_ylc=X1MDMjExNDcxNzAwNQRfcgMyBGFjdG4DY2xrBGNzcmNwdmlkAzBBcHFiVEV3TGpJVTdlRXNYeWxKbWdiR09EUXVOZ0FBQUFBZEszSy4EZnIDbWNhZmVlBGZyMgNzYS1ncARncHJpZANsYmlJcndCUFN6S0liSXlEaEtoVVpBBG5fc3VnZwMwBG9yaWdpbgN1ay5pbWFnZXMuc2VhcmNoLnlhaG9vLmNvbQRwb3MDMARwcXN0cgMEcHFzdHJsAwRxc3RybAM1MARxdWVyeQNsaWZlJTIwY3ljbGUlMjBjaGFydHMlMjBvZiUyMGFuJTIwb2lsJTIwJTIwY29tcGFueQR0X3N0bXADMTY0MzMxNTEyMA--?p=life+cycle+charts+of+an+oil++company&fr=mcafee&fr2=sb-top-uk.images.search&ei=UTF-8&x=wrt
yeah,should find out in the production report....if flooding issues,have been solved
in a few days time
Was WRES the one with the water issues, building damns ?
Thats 5 more months of drift, and then more issues, optimization, plenty to be aware of...
So I can see where that cycle comes from...mmm
From interview, but I dont take it as gospel..
"If you include some production wells, infrastructure to tie the well heads together, surface improvements for that first 50 kilometers of road to get to the tanzanian highway, we're looking at maybe 70 to 80 million dollars."
$50 mill?
sounds about right dai
and i would imagine,profit margins on here,to be excellent.
that'll be the next stage,feasabilty sudies
dai
with a miner
after the plant/mine as been built,the bod will tell you,2 months for commissioning and 3 months till commercial production.
its more like 12/24 month m8
i'me in wres,its taken nearly 2 years.....vast is similar
ormond mining and wolfe minerals,never made it too full production,due to geological problems
Its said to be about $50m for 1 production plant, then some more for needed infrastructure, roads, power and the like..
The problem is the upside, last year they talked about 5 holes and each was a 20% success rate but if we hit helium the sp wouid rocket so if the upside is that good the risks must be really high here……
dai2belts
oh yeah,oil and gas developent stages,if theyre onshore,are a fraction of the miners
buy offshore,capex spending,is astronomical.
but yeah,he1,wont be too bad....but ime not an oil and gas person,so not in a postion,to give any cost guestimates.
Do you know I was reading up on a stock which is touting starting to build production facilities this year, they were saying similar 2 years back(but need to check that)...
and nightmare scenario wise....check out vast
and its not expected to reach full copper production...until 2023
@troajan, interesting
the development will be modules built for purpose bolted together on site, brought in as units on the back of trucks.. not so bespoke...??
Does that compare to miners production projects?
unless you have a jv partner or farm out partner
that will foot the developent bill.....like all(lithium miner)
latorell
the bods wont tell you this,but the developement stage,is bad news for the sp
due to capex expenditure and delays....which usually,overrun
to prove a point.
check the say 3 year charts on hum/shg/vast/rmm/tstr/orm/sgz/wres/wlfe....to name a few
tstr/orm/wlfe....actually went bust,to running out of cash.....theyre miners,but capex costs,are stll high,on oil n gas
i'me sure there's one out there,that's bucked the trend,but you'll be lucky to find one
I have not been lucky enough to need that chart, but do wonder if this will follow those curves especially with the speed this could move into production , and the news flow following discovery...
Assuming positive, discovery, appraisal result, independent reserve valuation for financing(maybe), financing, ...more drill in between...
@dia2belts
The mining cycle chart you posted earlier is a good barometer of when to buy and sell a mining stock. Agree there is an element of luck in it as well.
Your right there, timing is much about luck, I have held for months, then a few days after selling the share rockets...
There is no one that can call it right all the time, not even the so called experts,its so easy to say buy low and sell before Bla bla bla, but one thing is for sure, where we are at the moment, there is defenatly more upside than the downside.
At the end of the day it comes down to personal choice.
Onwards and upwards.
@kevinRound, getting in early can get you in trouble too when nothing promised materializes, I was in SYME, lost some money there, luckily made it back(but that would have been profit if not for those loses), had to wait for opportunities elsewhere.. Well the last opportunity was SYME getting pumped, but if it turns good it will fly, but after more than a year of being ready to complete its first transaction(Inventory Monetisation) nothing,,, still people being sucked in..
Its going to be difficult to get out of this one before the results, the buzz will be bigger than that 95% CoS...
So much upside, way better than ADV..especially if multiple drills come in..
I have to buy first though, not sure if that sub 10p was the last, I was out at the time...
The other thing I just tend to buy and hold, in all occasions I would have done better doing a little trading, selling on the those peaks where you thinks wow.. Maybe a base amount to hold, and some funds to trade. Mind you I did that on ADV a little but holding mode kept switching in... But there were some good dips which were worth buying, missed opportunities, should have moved some cash.. I suppose its about changing your traits...
I dont play bandits but watch and sometimes chip in some cash for the pot, so not a gambler..
But I am, the guys would be shocked at the profits I have failed to take because I played til the end..Less than 30s to collect..
@dai I thi the real clever ones buy in cheap snd then jump out just before the results. Look at adv buy in sub 3 pence, 2 days before the rns dropped it was mid 5s so double your money with no risks. I won’t stick to results with this one. I transferring my pension pot to a sipp and will buy in here snd get out during the fomo faze snd if it’s goes tits up I’m out snd if it goes well then oh well I’m up 80 90 on the prices today. Sometimes being less greedy is better than gambling for a massive win. I e lost here snd adv so won’t gamble on these results again
Mining Cycles
https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/
https://www.youtube.com/watch?v=xDFAKWTVe8k
@Daven66
You may be starting at the wrong end by investing here. You should never invest all your money in one stock, or in one sector.
AIM is said to be a casino as some companies come on the market and then tank. For safer investment, you should start with boring old funds and unit trusts, then income stocks that pay dividends before investing in more speculative areas.
Mining and oil and gas stocks are the most speculative with exploration companies being the highest risk. That said, there is also the chance of greater rewards too.
One thing to note with these shares is that it is usually not a good idea to buy and hold for a few years. You should look at the cycle of the SP at different stages of development and incorporate that into your strategy.
The most important thing is to protect your principal investment. Don't be so set on reaching a certain price that you lose the chance of protecting your capital. You may make less profit by doing so, but that is alot easier to bear than losing money.
YouTube is quite a good resource for learning about investing and basics like price/earning ratios and earnings per share. Just be sure you act on your own research rather than the story of a company. Read a few years worth of the RNS' and a few years of accounts to make sure things are moving in the right direction.
@Daven66, just thought, getting in at your price and holding for 48p during phase 1 would have meant you keeping all your money on the table until after results, ..and you would be back where you are now if you did'nt panic and held.
But a massive winner if it came in....
So a better position than myself as I used the funds in another drill that turned out dry, should have held would be about x2 now...... :)
@Daven66, if your able to replace the money your risking its no where near the risk of using money you can't...