Member Info for Akhtar234

Utricky I don’t have any industry experience but are you invested in here ?? You don’t seem to have read about a thing with this company, which is scary if you have not invested in expecting us to be over £2 soon, this share has been held back and no reason anymore. Most of you would agree if oil was in the 50’s and with the news that has come out we would still be around here. This share is being manipulated

Jubilee has 1bn barrels 200m has been extracted to date so plenty left Ten has 0.5bn barrels 10m has been extracted to date. Look at the November presentation on the site to see Uganda and Kenya has 2bn between them we have 10% of Uganda and 50% of Kenya

Yeah knew about that 8 hours ago lol

Utricky have a look at how much oilwe have in Ghana alone, and then add Uganda and Kenya. Also in 3-4 year time we should be producing 150kbpd we have a lot of oil.

Your estimate is no where close we should be around the £3 mark. With debt reduced I reckon interest payments on an annual basis has reduced by £100m so free cashflow has already increased. Oil production increased by 10% next year will see another £100m Now assume oil at $50 and capital at $400m we have free cashflow at $400m, oil at 60 closer to 500-600m , oil at 70 free cashflow 700-800. And further debt payments will reduce interest in debt or can be used to further development in Kenya.

Yes there was fund raising but it lowered debt increased equity value. Oil is at a 2.5 year high and has been over 60 for a while now Ghana has been over producing to previous guidance Ten no issue and risk removed Rbl refinanced with no requirements. This will jump it will jump. We are approaching 65 oil and we are no where close to £3 it is ridiculous. The banks can see this has so much oil that they refinanced with ease. Sentiment, market is not rational but it will come

Agree rob, the rbl should be seen with big positives. I thought any delay would put worry but the banks are supportive. Now bring on continued debt reduction , increase production being TEN to 80,000 and Uganda signed and working to first oil. Good so far on blu to, I’m hoping 1p in a few months

This is what was achieved as per Kosmos investor Q3 report http://investors.kosmosenergy.com/news-releases/news-release-details/kosmos-energy-announces-third-quarter-2017-results Ghana During the third quarter of 2017, gross sales volumes from Ghana averaged approximately 160,000 barrels of oil per day (bopd), including volumes from the Jubilee and TEN fields which averaged approximately 100,000 bopd and 60,000 bopd, respectively. Jubilee was producing 90,000 (1/3 of 90,000 is 30,000 as per slide 24) Ten was producing 48,000 as per half year that is an increase of 25% slide 25 http://www.tullowoil.com/Media/docs/default-source/3_investors/2017-half-year-results/tullow-oil-2017-half-year-results-presentation.pdf?sfvrsn=2 Now all of that should be positive but the market has not reacted and oil has stabilised

Should be a lot higher to where we really are Positive momentum in Ghana higher production seen than expected TEN rights Debt reducing RBL signed off without a hitch oil above $ Yes I keep saying we should be higher and has not happened, but recent news has been all very positive, this will rerate soon.

The debt refinancing went smoothly biggest hurdle which will bring sentiment back, no major debt payments next few years and they are already looking to reduce lending £200m this month before december, will see interest payments slowly reduce and more free cash flow going to debt payment. other positive news such as Ghana higher production and oil above 60 this share price has lagged will catch up, biggest concern of any company is debt but tullow in very strong position. Uganda will come on stream in 3 years and we don’t need to spend s penny, $210m sale proceeds will come in next year.

Brilliant news EAS what did I say lol they have done this quicker than I was expecting and the maturity profile is great

Dbno guesses sometimes right this has been poor

LOL I had a great chuckle at that but thanks guys, this board really needed it. Tbh I rather have Trump in charge over Howe any day, at least he would have fired people from the boardroom. Rather than having his friends and acquaintances receiving unreasonable remuneration with little to show for it.

We sold an asset with an NPV of $0.5bn and we sold it for a couple of million after spending several hundred million its not anything to celebrate having $6m in the bank as a result of that. Howe can not deliver he has experience of deceiving investors, but Good luck here

I receive financial accounts from all of my investments, i received a letter last week and was told the accounts are not available for metminco. Howe can not get anything right, he sells Los calatos and look at the price of copper now.

To be honest if he goes now, makes no difference, LOs C was sold far too cheaply. The questions I want Howe to answer are 1) What was the offer you turned down a few years ago for Los C? 2) Why as CEO did you have an expensive administration base including your own salary? 3) Why dont you repay the money back to Metminco shareholders for your sale of Hampton Mining? 4) Why have you ignored your UK investors, tell me during your tenure when did you offer a meeting with anyone and 5+ investors in one room? 5) How did you mess up on Mollacas? (Yes I do not believe his bs, I have been calling him out for a while and I have for the record told many of you he would find a way of lying and cheating UK investors) Now lets see what happens to those who escape, most wont need to work, they have made a small fortune, but I would not be surprised if they provide "consulting" services to their "new" friends.

This share might rise and I say might but it will be from a low base, I guess if you give someone $400m they squander it and at the same time paid handsomely with total disregard of his investors and is allowed to get away with it. Tempts me setting up my own Aim company, you can become very rich that way. Certainly not by investing in business such as these run by individuals who lack the skill set. GLA

Lol as you were speaking. Timing was brilliant sold los c at a huge loss and copper prices are recovering

Thanks geoff

Interesting the email address for the company info@metminco.com.au no longer works, can someone else try it and see if they are getting a bounce back. I would not be surprised if Howe has blocked me.