focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Folks - sorry for delay busy at work.
To clarify LR did not provide any indication of timelines for release other than stating Q4 which is in the public domain.
I stated as per below it needs to be out by end Nov and he responded with understood.
Whether it’s this week or next week or week after, we should seek comfort in fact that vs current SP this milestone will be a key value crystallisation event.
In case you missed it...blog on EUZ and why I think we will shortly get a slingshot re-rating on SS publication and move in resource from inferred to indicated
https://twitter.com/2050capital/status/1060922286461591553?s=21
A blog I wrote on IQAI for those new to story...
https://twitter.com/2050capital/status/1067111888046223361?s=21
Hello everyone - I have published a new blog on UOG.
https://twitter.com/2050capital/status/1066622574015258624?s=21
A combination of a few forced sellers, market sentiment, oil price decline and Colter delay have conspired against the SP momentum we had back in Sep.
I have been doing my preliminary research notes for a blog I have been preparing for UOG (aim to publish weekend) and it has given me increased conviction to top up yesterday and today.
Looking forward to Brian delivering a Vox update tommorrow. This portfolio is positioned to deliver big things in 29 and 20 and those picking up stock sub <£15m Mcap will no doubt be rewarded with a midcap in the making, a £250m Mcap gets you a near 17x return - is that chievablr within 5yrs!? Fingers crossed and in Brian I trust
Exchanged a couple of direct and frank emails with LR today. I spared no punches on challenging him on various items. All things considered...he always replies professionally and sticks to consistent fact bssed responses. I respect that.
I really liked his Vox post after market close...
“End of the 121 conference for Europa, back to back meetings with lots of follow up. Toral is deliverable is a stable jurisdiction and I look forward to follow up meetings from the last two years. Being in Europe a key element of feedback, im told all the European companies filled up fast with good meetings (like us) at this event. SStudy for release within Q4 which will be completed to a very detailed level that we can use talking to industrial groups etc”
Things will turn quickly here and the traders, impatient sellers, side line waiters will get all FOMO again and we will move up aggressively as per what we saw in July August September.
Still holding long and strong for the slingshot
Really enjoyed NVS investor call last week and provided reassurance that you have to be resilient in said market conditions and remind yourself of the investment case here!
A JV or sale on Casa alone covers current Mcap , when you then factor in Zamsort and stated 5 majors exploring under NDA you can see why NVS purchased £100k.
Unbelievable that we can now buy at 30% discount to that
I guess thanks to a an aggressive seller - there need to liquidate is our gift to accumulate and receive mega future returns
Follow the smart money - it might feel counter intuitive in this market but that’s when the best gains are made
I have just listened back to Oil Capital Conference preso and picked up on Leather saying Selva is worth net £2.5m pa and Larkin that Crown farm down is advanced and they are fully funded for 18mths.
In this market I want to be topping up stocks which are funded with near term cash flows and transformational news due.
At 4.10p UOG is a steal down here and no doubt will be back up to 5p in not to distant future and easily achievable in Santa rally.
I will pen a blog on why this is a mid cap in the making over weekend!
Interesting posts today...a market is only a market if we have buyers and sellers. Both will have their respective agendas.
My agenda is simple here...wait patiently for the SS to land which will show the market that economics of this project are most likely peer group leading vs a Mcap that is not.
Anyone who can read a cash flow statement can see funding is required for Q1, for me, why would LR &co raise pre-Ss & in this market.
What we will see most likely is a step change in Mcap driven by SS, clear direction on the next set of milestones and then most likely an on par raise.
None of us will care at that point as the SP will have far outpaced all our expectations.
I may be wrong, I may be right, but I would rather be in it to win it then worried about SS timing and a raise
Hello everyone - new to posting here as my domain has up to this point been Twitter @2050Capital. I am a private investor and you will have hopefully seen my blog I wrote on EUZ -
You can access it here - https://i2050capital.wordpress.com/
I have been conversing with LR over email recently and frankly I have been quite challenging on a number of points. He has been very responsive and in summary to my points raised suggested -
Me- SS needed by end Nov latest
LR- understood
Me-round of interviews required with Myles Campion as he has been off scene
LR- understood
Me-Investor presentation / call required
LR- coming soon
Me-bit more PR activity e.g squawking / Twitter
LR-just want scoping study out
Responses are to the point from LR but we should take comfort that (how I read it) that he is focused on landing SS.