Member Info for Bamps21

How can the Board be aligned with shareholders when they keep what's happening very close to their chest.
I can't see them putting their hands in their pockets to lift the share price.
The shares they have we've paid for one way or another.
I don't begrudge them a good wage but the information they give to the majority of small holders (who have been more loyal than Schroders) is rather on the poor side.
Only news is when their prompted

Sorry having an off day but getting fed up with this, even the string of pearls has disappeared, probably paste :((

Hi Nige, Tom
I was expecting a big drop today according to the weekend news.
Glad it didn't happen.
Just over 3 weeks now to Tw results should be interesting numbers
ATB:))

Hi stuartw
I wasn't inferring you were quoting a definitive figure but was just trying to point out the quantities per ton involved to get to those figures.
1 gram per ton average would be a good achievement to get 4.7g absolutely massive, to get any higher mind boggling.
Time will tell
ATB:))

From my working calculations last night I reckon 20m oz is about 4.7grams per ton average
Stuart this morning suggests 27m oz that would be an average of about 6.5grams per ton
Paddy has said that Havieron should crush the 1 g per ton average and the Numis price at 4p would mean an average of about 1.2g per ton
Being conservative my own opinion is a figure of between 2.5g and 3.5g for what it's worth
ATB:))

Hi Peter
Google Advfn chat Cerp it comes up

Just trying to get my head round 20m ounces
The size of the mineralisation from the Rns works out at 40,500,000 cubic metre.
1 cubic metre of igneous rock is approximately 3000kg about 3 tons
Therefore the max size at moment is 121,500,000 tons

20,000,000 ounces x 28.35 =567,000,000 grams

To get to 20m ounces there needs to be 4.7grams per ton, that's every ton

It seems very high to me is 4.7 grams per ton reasonable or are my calculations too big for my calculator :))

Yes well done JCG for phoning them to get news
Another rig coming to do the tests next week hopefully the approvals will come.
Getting someone in to sort the web site can only be a good thing
ATB:))

Some geological phrases in the Rns I haven't heard GH mention before.
The most exciting one is the Arcuate zone, meaning of a fault line caused by deep hydrothermal activity bringing large amounts of breccias to the surface .
About 50% of the worlds known gold resources are in the Arcuate zone of the Porgera , Papua New Guinea

Pyrrhotite-chalcopyrite and pyrite
Pyrrhotite is an iron sulfide mineral often mistaken for pyrite(fools gold) with a similar colour and slightly magnetic
Chalcopyrite is present in volcanogenic massive sulfide ore deposits and formed by the deposition of copper during hydrothermal circulation.
Pyrite or fools gold is an iron sulfide ore.
Oxidisation causes the pyrite to rust and break down leaving a white powder when wet turns to sulphuric acid and arsenic. It can contain up to 0.25% of gold.

Crystals of chalcopyrite and pyrite are being sold on e bay and etsy, the most rare ones can fetch upto £80 for a small handful.
Chalcopyrite crystals are used by the 'whacky' people as chacras suppose to help the inner being and self esteem, but also linked to fortune (perhaps they're right)
ATB:))

Hi Peter
Off topic
In answer to your question (I can't get on computer at mo)
Mass of water 1 cu ft = 28kg
Mass of rock 1 cu ft = 3x water = 84kg
35 cu ft = 1 cu m
So 3000kg = 1 cubic metre
Does that help
ATB:))

What would the 350bopd stated by Predator mean on each field

Bonasse (Saffron) $17,500 per day
Icacos $14,000
Innis Trinity $10,500
Goudron $10,500
South Erin $10,500

$17500 pd = $6,387,500 per annum
This could pay off the new debt, pay for a follow on well or fund infrastructure requirements
Good times are ahead but as I have posted before this next few months are going to be financially difficult but a lot to look forward to.

ATB:))

The NPV of $88m is the value of the cash flow using the discounted rate over a possible 10 years.
$88m is only 1.7m barrels of revenue.

I prefer to use Nav value based on the assets
11.5m barrels at $50 revenue=$575m of revenue
An oil in place figure of say $3 =$34.5m of assets which would double are assets and Nav value making it far easier to borrow funds at a cheaper rate
I'm still holding on to the belief that there is upwards of 15m barrels of recoverable oil

Hi Tom
I've not enough in Nano to worry either just a bit of interest.
Glad Owls has wised up
If anyone's interested I've researched Itm for a longtime before buying in at 20p now over £1, people have jumped ship but there is so much to come. Hydrogen is the future. A new factory in Sheffield might make Owls take notice.

I'm still waiting to get back in, historically the sp always drops in Feb probably won't now I've said that

ATB:))

Hi Offerman
I agree with you that the potential here is all on the upside, I can't see any of it in the current share price.
I would steer clear of BPC been there done that and lost a bit, regulation wise it's a nightmare so slow. They have no producing assets their sp is all potential just like Predator, they are over 6p .
Besides Schroders there are still people out there with intent to get the sp lower then pump and dump. It's an easy liquid share to manoeuvre.
The tide is turning however Saffron hopefully will end all that.
The CPR for Saffron assets will certainly be welcome news for me
ATB:))

Cerp must have started testing out to sea :))

Hi Rickierich
If you're on about 3D seismic surveys I doubt the company would release that kind of info but there are sections detailed on the Cerp web site.
I doubt if we will ever see the downhole logging scans at Saffron
ATB:))

Hi Nige , Tom
I've only had a little dabble in Nano gives a bit more interest in it for me.
I get a kick out of shares dealing with geology shares oil and mining. The fact that gold was made from a super nova expolsion many thousands of million years ago fascinates me To make a profit in it is better still.
Oil shares are very hard to make money in but when it happens it can be mega.
I made in Sound 8p to £1 but started buying back on way down, that's fatal
But that's share dealing
Remember you can always lose on the Ftse as easy as Aim but there is no stamp duty on Aim and you've lost straight away with a 100 stock
ATB:))

Yes the money is pouring into gold mining news in Oz
I know some of mine has from here
Lack of any news with substance is strangling this share price
Come on Leo an interview is needed

Hi Tom
Couldn't sleep either very exciting:))))))))))))

The geology was interesting this morning.
Arcuate zone phrase excites me (little brain)
Arcuate means bow like
Arcuate zone - over half the worlds known gold reserves are in the Arcuate Zone of the Porgera region of Papua New Guinea

Happy days :)))))

What would be the fair value on the 5% option
As Newcrest are spending $65m for 70% does that mean the next 5% is worth $4.5m