Member Info for B00oooM

its only around £25k interest whole year. If they repay within say april or may, its definitely better than issuing shares.

dividend from fcf was first stated on rns 2nd nov when WTI was $38.

WTI now 53 so adding $15 profit per barrel

So additional profit for 40% of the liquid production is....

9500 X 0.4 X $15 X 365 ÷ 1.3 ish £ to $ rate

£16 million profit extra just for 40%.

mind boggggggling valuation

to be fair, a lot has happened here or the managemnt tried. Uitkomst unfortunately hasnt delivered the 'generating' asset they hoped for. However, it has improved and that should provide the cash to run daily activities. Water permits took a long time.
I think now we are the final stage which will prove positive mainly because we have at least a mine in production. Covid pushed it a year back, but that has provided us PI,s with a nice cheap SP to accumulate. The risk is now low compared to 5 years ago. AIMO. GLA holders

according to technicals, 6.6p was the resistance and 5.77 a short support.

Both of these have been achieved. Now it may keep on crawling up or just ping-pong 5.8 to 6.3.

we all know that these will mean Shh8 once the news hits it. GLA, Not long to wait for an update on profits etc

thanks you both for all that info. sounds very exciting indeed.
Just read the latest presentation and found out that sanankoro already has a maiden resource of 265k ounces. I initially thought it was 110k ounces.
Presentation states SRK target of 1 - 2 million ounces.....WOW

I remember hum paying $20 million for their 1 milion ounce yanfolia gold project to Goldfields when gold was only $1100 per ounce.

So imagine that 1 million resource confirmation at this gold price. Or even 2 million.

I think this will explode to a very high level. The amount of gold at the location (yanfolia) is large. Do you think there is possibiliyy of adding a million ounces??? or is that impossible.

thanks carribean. I bought some as well. Just shows that dilution will be minimal if any.
most interesting part is the resoruce upgrade which has a high potential for upgrade like hum.

is that 20 mill term agreed for construction

mcl is shhhhhhiiit with £2 milliish profit, and 80 mill mcap.

i3e profit expected £17 million profit at $40 wti, and mcap 43 mill.

wti now ?????? profits now ???????

WTI around $12 higher than last production update. Just the 40% liquid sales will give I3E an extra $1 million profit per month.
I am wondering whether net profits for 2021 will be total mcap if oil hits 60 and stays there. Stupid valuation. Anyone looking to keep these for a couple of years???

seems a lot of PI's are on the same page.
1. buy a few more on dips
2. wait a couple of weeks for the inevitable news
3. wait for that magic 10p and i will slice a bit :)

Even at 10p, this company is still valued at £70 million. Look at hurricane Lol and shareholders face with nothing left.

"However, the reduced estimates of Lancaster reserves announced in September 2020, combined with the reduction in oil prices since the first quarter of 2020, have negatively impacted the projected future cash generation potential of the field."

POO is much higher than q1 2020. I smell Bulls777

1p dividend more likely in 2021.

poo is looking very stable. Vaccines on the rollout. Hang on for 20p ish

its brexit having a negative impact on SP, yeah sure LOL

Since i've been here, never seen anything to keep this moving up.... just falls back again to the magic 4.90.

Just wait for january. Prod update and hpefully higher dividends.

ok, thanks Nick.
Now that oil is much higher, we may even be in for a surprise bumper divi.
Bring on january

as GGG says, price is based on wti, so that broker calcs are way wroooooong.

average wti has been $40 for the past few months. and only just shot up to 46.

Just hope they can deliver even a small dividend. This is AIM and not many of them do.

so the loan will be restructured with the new loan so that repayments will be made when makhado starts.
if IDC dont agree to the restructure, they can simply convert to equity.

No problem!!!!

Its just the private quity raise thats required, apparently at an advanced stage.

All looking good especially with coal prices and production rise at uitkomst

sorry , twas a joke towards 200iq

which rns states a share buybacks????

How will we integrate Tullow oil once we buy them out.

coal prices at $80. Must be profits now.