Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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If it was Baillie guarantee they would have reduced before now. There has been times of volume to sell into.
Looks all good to keep buying to me.
Let’s see if we fill the gap or not.
Paste note.
I’d we do have a seller... as long as it’s not Baillie Gifford co (who hold 17%) https://www.bailliegifford.com/ ... everything else is pittance and won’t take long to clear.
https://m.marketscreener.com/quote/stock/VALEURA-ENERGY-INC-1411360/company/
Not had a single reduction of holdings notification since listing on Lse so to that accord can’t see any major hold back once volume picks up here.
Baillie hold your Bloody shares you melons!
No worries, I'm counting this as your tip for me haha. I've largely just finised buying those. Laters!
Cheers mate.
I would tell you mine but not on a public forum (still buying).
Catch ya soon, will leave this to do it’s thing.
Thanks you too. I've also bought Kodal, Ironridge, and Contango recently in case of any interest. Now for lunch ! :)
Tbf mate, not convinced there is a seller as such.. there may be sellers from previous sessions as it’s spent a little bit of time lower.
Volumes low aswel and seems / seemed completely UTR
Similar story to orm when it dropped, sentiment... but that changes... $20m+ could do a lot of damage and increase in the share price As could a farm out on the 20Tcfg.
Can’t see it making new lows on the 15.5p so risk reward is all good from here for sure.
Bests my man.
Definitely, will need to look at what went wrong in 2019 as that's what got it so sub cash I presume. Ormonde sold its operating business for less than the market cap so plunged but went beneath cash due to poor sentiment.
There must just be a seller holding it back, I'll also add more if it drops but I've gone to a decent holding already as it feels like luck that we have the chance to buy here still, but let's see!!
That said.
Sales pipeline in place for a potential 20Tcfg (100% ownership) & cash at 40p is just a tad ridiculous !!
Yes spotted this am, then took a slightly deeper look & a slice, even if the gap gets filled witch is extremely negligible (even unlikely given the disparity) considering it’s so close it’s bargain basement anywhere around here.
Costs will be reduced considerably with sale and as per below growth is key For a driver, farm out partner on 20Tcfg & potential NEAR term deals.
Your strategy is spot on mate.
Get in early. I use a good old fashioned diary and plan well ahead, if something’s kicking off in 6/8 months I’ll usually start to build a few months before & then the odd occasion stumble across something half chance. Like this.
No rush, this will find it’s value as and when.
Yes. And directors gave themselves options around or slightly above current SP recently I saw. So they want it up.
I had a big position in Ormonde at around 0.73 avg, was below cash of 1, waited months but sold 2/3 at just under 1.4.
Similar to Arkle, it may rise further but I tend to be in early and out early.
This is even further below cash than Ormonde, world class spot from you. Did you just happen to see the RNS this morning?
Good to have you on board.
“ We are pursuing near/mid-term opportunities through the mergers and acquisition market intended to add significant growth potential and at the same time, we are continuing in our commitment to Turkey, as we appraise our 20 Tcfe unrisked mean prospective resource deep tight gas play.”
Seems a pretty decent catalyst to me mate. Not to mention cash @ c40p
Let’s see how TSX reacts.
In here. Bought, read, added more. Lacks catalysts but amazing value.
Update in summer
“The Company is evaluating several potential inorganic growth transactions, including mergers and acquisitions, and has engaged RBC Capital Markets to support certain of these opportunities. Management believes the conditions are favourable for inorganic growth to play a significant role in the forward strategy as the current market environment is generating a flow of new deal opportunities which the Company is well-positioned to pursue given its enviable financial position.”
From today’s
“ Proceeds from the deal will add to Valeura's strong net cash position, which as of September 30, 2020 was approximately US$31 million. Upon completion of this transaction, the incremental cash will bolster the Company's ability to execute its growth strategy through mergers and acquisitions and further appraisal of its deep gas play. This value-driven M&A strategy aims to add near-term/mid-term production growth and cash flow by focusing on cash flow-generating opportunities, with follow-on growth potential. Valeura remains debt free and in a strong position to negotiate future opportunities.
The Company's interest in its 20 Tcfe unrisked mean prospective resource deep, tight gas play in the Thrace Basin will be unaffected by this transaction, and Valeura will remain the operator of record for all subject leases and licences. Valeura will also retain access to local gas markets via the existing gas transportation and processing infrastructure under the Agreement, for use in its ongoing deep gas appraisal activities.
Sean Guest, President and CEO commented:
"I am pleased to announce the pending sale of our mature, conventional gas business as a way to strengthen our balance sheet and increase our cash to pursue higher-value growth opportunities. Our objective has been to maximise the value of these mature assets, and today's monetisation agreement is a key step towards accomplishing that goal. We have re-tooled Valeura into a lean, shrewd, debt-free machine, focused on value growth. To that end, the other pillars of our strategy remain unchanged. We are pursuing near/mid-term opportunities through the mergers and acquisition market intended to add significant growth potential and at the same time, we are continuing in our commitment to Turkey, as we appraise our 20 Tcfe unrisked mean prospective resource deep tight gas play. In all instances, our priority is to add cash-flow generation to the portfolio, along with opportunities for smart re-investment to generate incremental value for shareholders."
Conference call at 4pm I will be tuning in.
Am I missing something ??
Debt free. Cash @ 40p. Looking for Farm out partner for possible 20Tcfg play. And potential future acquisitions?
Is there a seller about?
Anyone been here long term that can put a dampener on my optimism?
Good to see SP finally firmly on the move
Bought in in a few tranches this morning.
Stellar mandated to bring in a farm down partner to carry them on the tight gas play. Miles to go before any modicum of fair value.
Rough calculation: this share now worth 40p in cash + 20tcf potential asset.
However, still top-heavy in management?
(And now will have little income to meet G&A?)
And do you think SG and team will spend the money wisely?
But clearly undervalued on any metric.
I can see it being taken out?
So year high 80p. Might we reach 50p on this news. £15M cash and £30M in bank that = 45M cash
I've been holding for a year or so now and well down still from back then, like 80% down!
15M cash and Royalties, amazing and no dilution for a long time now
Nice surprise for you this morning, Earache.
Well done for holding.
Thanks Gloster,
Personally very interested in that. Cheers for info.
Paxman interviews do exist. Check out Crux Investor on Twitter/YouTube. Very direct and takes no prisoners.
Started to buy in here this morning (with difficulty - having to do it bit by bit). Been bullish on natural gas for a while so been looking for exposure to large leverage. FOG (don't own) and AEX (own at current >70% paper loss) were targets of mine to buy in, average down respectively. Missed timed both of those for my liking, disappointingly, VLU - my remaining and preferred option now.
Q2 2020 results - "Extension of Valeura's three exploration licences at Banarli and West Thrace until June 27, 2022, and the engagement of Stellar Energy Advisors Limited with a mandate to secure a partner for the deep tight gas play."
AIMO GLA