George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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******* = E r i c n u t t a l l
Eventually got there, Lol
****** = E r I c n I t t a l l
***** = eri****tall
Eric Nuttell
https://twitter.com/eri****tall/status/1541392312294596608?s=24&t=0hVE0zYlJEI-ChOBtSzr7g
Check out Eric Nuttall on twitter - there is a link to a webinar he is hosting tomorrow with an Industry expert. One of the questions answered is what effect a recession will have on oil demand. There is also the opportunity to email in questions. I think the webinar is around 4:30 uk time (11:30 EDT)
I3e cannot purchase whatever they want - they have to have shareholder approval and it is usually about 10% maximum of the outstanding shares so just over 100,000,000 from memory. Look at the resolutions in the shareholder circular for the last AGM.
Assuming TSSZ's statement about Bybrook holding 26% of the shares is correct - then a repurchase of 10% of the outstanding stock would not take them over the 30% thresh hold and therefore one would assume is nothing to do with Bybrook reducing their holding from 26% to 20% - just keeping it real !
Have they an approved shareholder mandate to buy back shares?
When stock dropped to 23.45p Friday Majid/Graham should have been buying back stock frantically. This is the strategy Eric Nuttell is strongly recommending. I don't see much evidence they are listening though. Hugely undervalued share price, smallish dividend relative to profits and no buy-backs. Hoping for a massive dividend next year is we still at these silly levels and oil $90+
Good points ELSteve. When signs of the inflation peak emerge, things will turn very quickly and risk appetite will return. A lot of money to be made when the dark cloud recedes and folks realise the sun can reappear.
It was a good video to watch and I would like to emphasise the point he makes that rate of usage growth may have slowed but it is still growing highlighting the divergence between physical price and the share prices of last weeks selloff. Maybe controversial but I would be careful of listening to recession talk at the moment, the major indexes are trading around 20% off their highs before we are even in a technical recession and already the Fed is talking about the curve flattening. I am not a recession denier but it seems a lot of people have got themselves short prior to the event and if it's a softer landing than what is being predicted we could see a huge short squeeze in the markets. At the moment fear is the only driver but when the fear subsides watch for the upside. None of this is advice, just an observation.
Thanks for posting the Nuttall interview TSSZ. Utterly compelling especially after what has happened this week and pretty much required viewing for i3 investors. Just reinforced to me the nerve you need have and keep reminding yourself of the fundamentals. Not easy sometimes…… Thanks again
Eric Nuttell
I'm thankful to @BNNBloomberg for letting me appear on short notice. Oil demand remains strong while supply challenges build. Take comfort in knowing what you own (high FCF, little to no debt) and don't buy into the F.E.A.R. of the moment. bnnbloomberg.ca/video/we-ve-ha…
Thanks Stas and TSSZ - nice close to a difficult few days and pleased to have invested at the midweek rates for substantial top -up to help the averages. Hats off to the maple leaf - enjoy the weekend & GLA!
"Interesting intraday cup and handle, right brim made, handle dropped in, if it comes of we could see us back to 26.5p today, all to play for with Canada."
lol looks like I was about spot on, brilliant day. Good weekend all.
Who ever sold this week, got robbed and i feel sorry for them
Who ever bought this this well done and congratulations
OIL $113.50, it wouldn't surprise me if oil hit $120+ next week
Canada up 10.66%
Beautiful Canada up 9.33%
And Canada increasing its gains 8% up, good, think I can relax now, direction certainly in for the rest of today...
Managed to catch the bottom bounce today and bought lots more shares
Good to see, all the markets up, crypto up, oil up, everything looks like a reversal and everything will continue up
I3E should move up fast now, seeing the MM have got rid of a lot of PI's to sell their shares cheap and will now sell them back at a premium
We should have a RNS Monday morning or at the latest Tuesday for the Simonetta and other wells, looking at previous rns this news was released 3 days before the AGM meeting, which this year is on the 30th June.
Last chance to buy or top up today
Canada opens 6.6% up
Another 40k back for G_G_G the poor guy... :)
Interesting intraday cup and handle, right brim made, handle dropped in, if it comes of we could see us back to 26.5p today, all to play for with Canada.
Managed to take 150,000 at an average 23.68p really happy.
No, no short attack just market mechanics, fear and a bit of an oversell imo