Katherine Roe, CEO at Wentworth Resources talks through the Ruvuma gas development in Tanzania. Watch the full video here.
Announced within Q2 2022……not many saw this news coming so soon after last weeks AGM.
Sir Al is learning about the benefits to the SP (shorters will burn….LOL) of “under promising and over delivering” on key progress schedules.
RNS from ABDX issued mid morning regarding settlement agreement reached with the DHS.
It’s important for DVRG that our testing services partner ABDX has successfully resolved this litigation and consequently they shall be having improved working capital, which could be used for the benefit of our partnership going forward.
Posted on his Twitter account this afternoon…..Where he treads many followers likely copy.
Nope….the smart ones saw this news on Friday via the Bradclad website and got in ahead of this morning’s RNS.
Video where Credit Suisse European Sovereign Debt Exposure is discussed from 7 mins 25 secs:
and an interesting Twitter post regarding the rising credit default swaps for Credit Suisse:
and another interesting Twitter post regarding the silver link to Credit Suisse:
If these are dots to be joined then wondering what could be coming down the line for Credit Suisse and Silver……..
“5000 employees can each introduce capital of 10000 USD” This is fairytale stuff.
90+% of their employees are blue collar workers from the South Asian region earning peanuts living in bleak labor camps on the outskirts of Dubai/Sharjah. Their wages get sent back home to keep their large families with a roof over their heads and kids to get some level of education.
There ain’t going to be any buy-out by the employees….
PDL doesn’t polish their mined diamonds, but they do have a very nice deal in place with stargems whereby they retain a 50% interest in the profit uplift from the sale of exceptional diamonds once polished and sold on to customers. All adds nicely to their bottom line.
Everything is up today…..really ? plenty of commodity stocks with bigger drops than PDL today.
Explanation…..You took my advice and sold at the bell…..well done for taking action rather than just moaning on here every day.
@itsaponzi……..interesting name………interesting posting style.
In LSE BB hibernation for circa 15 months since March 2021 (around same time as the PDL restructuring was completed…..any coincidence?).
Reappears by joining the PDL posting board around 3 weeks ago.
Initially with a few short bland messages including claiming to have bought into PDL at 80p. (Btw: a smart investor would have taken some profit off the table at say +50% after the fast run-up in SP before the inevitable partial retrace as per Fib levels).
As the days have passed by the messages are becoming progressively more like rants with mostly negativity. Again a smart investor would recognise the recent broad market negative sentiment, particularly for commodity based stocks and accept that PDL is simply following this overall near term sell-off trend and does not warrant particular posting of negativity compared to sector peers.
Then today we get the subtle mention of our recently departed friend Mr Carats…..who long outstayed his welcome after promising he would stop posting when the SP hit his sell price (somewhere in the 80s if I recall correctly) but failed to honour his word as the SP continued to climb to around x 1.5 his exit price within a short period. He kept on embarrassingly posting here much to the delight of the PDL BB community…….Such sour grapes he had.
But he did eventually recently depart…….Hmmmmm……So you know what I am left wondering……..clue: revolving door.
Anyway at the current SP there is still a circa 10% profit to be had if you sell now @itsaponzi….its not to be sniffed at and would put you out of your misery…….and the rest of us too.
Try to enjoy your weekend.
The halt code used on Nasdaq is T1.
This is defined as “trading is halted pending the release of material news”
So this is not going to be like the recent weird EUA suspension where no material news release occurred. Something “material” is coming here….
Interesting……..RP has set out his stall here by announcing these visual results of the initial drilling at Halo, ahead of getting the formal assay results. This has taken just over two weeks from the commencement of Halo drilling back on 7th June.
For Red Setter, which most see as the key asset due to its location, it has already been 1 week since drilling commenced on 17th June and so we should expect a similar RNS announcing visual results of the initial drilling within the next two weeks.
I would class the loan they made just 3 months ago to Deepverge (ticker: DVRG) a Company with lots of cutting edge tech and growth potential as being decent (notwithstanding that DVRG has a seller (Helium) at moment that is depressing their SP, but that should not last long).
Horrendous news for Lamprell. Their CEO is an ex-Petrofac guy btw.
I do hope that Petrofac doesn’t have any ongoing works sub-contracted to them that could now be at execution risk. They have had contractual relations in the past such as for the previously completed ZADCO 750 Project, where Lamprell did a significant portion of modules fabrication.
Reminder for the after hours (6pm) presentation + Q&A session this coming Tuesday….Likely why the buying interest picked up today. Let’s see if it continues in the coming few trading days.
I wouldn’t want to be the “volunteer” collecting samples manually when you have the chance of having exposure to such dangerous viruses being in the waste water. Surely with automated detection being readily available on the market it should only be a short time before HSE demands and regulations will require automated roll-out at pace. Join the dots…..
From the DVRG RNS dated 28th March:-
“The automated, real-time Microtox PD detection system initially designed for the COVID-19 SARS-cov-2 virus, has the capacity to detect other dangerous pathogens such as bacteria and infectious viruses including PMMoV, influenza A, Influenza B and Polio in waste water, and E.Coli in drinking water on a single chip, using AI, in real time.”
Interesting Terra Pool related news release today from DMG……They paint a positive picture of its testing phase having been successfully completed and the pool is now being launched.
We will likely have to wait a few more days to hear from Argo for their latest position on Terra Pool, perhaps this topic is to be covered at the upcoming AGM presentation / Q&A session.
Naughty MMs as those first 5 trades at 1.24p are all buys but showing here as sells, based on yesterday closing price action (1.2 Bid / 1.25 Ask). Seems they want to try and keep a lid on the SP for the time being……
All good news…..looks to me to be no reason why they cannot continue to truck and use the Coringa development ore to supplement into Palito operations and thereby potentially improve the gold production by several thousand ounces within the remainder of 2022. That revised guidance of 30K ounces in 2022 is now looking to be a case of “under promise and over deliver”……that’s no bad thing as it has created a good cheap buying opportunity for their stock and it should bode well for SP re-rate when the market wakes up to this improving situation.
And still we have Matilda news to come……
@phenotype……..what you talking about fella……..management were buying a good amount of stock at 70p late last year, so of course they agree that it’s way undervalued at the current SP. Furthermore their buying was done before the latest positive developments such as Matilda etc.
Something important from this presentation that I hadn’t picked up on previously is that the purchased processing plant (located at site awaiting assembly) for Coringa is sized at 1.5 x the size of the operating processing plant at Palito (Refer to slide 7 (Palito) = 500 TPD and slide 11 (Coringa) = 750 TPD).
Now I understand how they can readily achieve 100,000 Gold Ounces / year (and potentially higher) when both plants are up and running at their full capacity with good gold grade ore.
This excellent presentation is now available on the Serabi website.
It was prepared just ahead of the PDAC conference held in Canada last week and so it would have been presented to attendees at their speaker session.
Would be good if it promotes some additional Institutional Investor(s) interest in Serabi in the coming months as gold investments momentum hopefully grows.