Member Info for Bebeto

400,000 Oz is the exposure to a credit facility $686.49 per oz:
The gold prepay credit agreement is a non-revolving credit facility with a face value of $150-million to be repaid in cash, based on the value of 218 500 oz of gold. The repayment will be made through 19 quarterly cash payments of 11 500 oz of gold, based on the spot price of gold starting from December this year and concluding in June 2025.

Roughly $92 per oz

A very good buy IMO, UOG looks very strong buy

Truth- that's the £70M question. We will find out their plans/corrections in time.

The whole idea of the PIK loan was to not burden the balance sheet with periodic repayments to restrict liquidity, the 18% interest is fixed and is all payable at the end. The idea being ESL can sort out it's balance sheet and there will be enough money to pay it all off. In the meantime the other debts will be paid down as agreed by all lenders.

A lot of de-risking as some people will be looking to buy back cheaper a day or so after results announced. There's been a big rise going into these results that's just how the market works.

Agree, I'm confident with the ex-Tullow board members they can grow this company well.

The ingredients are there for a very good return from this level with very little downside. We know we also have liquidity security.

I see this as Risk 35% to Reward 300% to 500%+

I was using what's in the 2nd of April RNS and pitching it against the price of Brent. It clearly states : "The Company's pre-payment facility with BP provides downside price protection"

Perhaps that's too long for a title? :)

"we have put on hold our exploration activities in the Paterson, including an Airborne Electromagnetic survey and drilling at Scallywag. Our team is using this time to further refine targets and we will be ready to commence exploration as soon as it is safe and responsible to do so".

Mmmm wonder if these are the extra drill team on Havieron?

Agree, I'm just happy to buy in well under the placing price and go long. UOG will stay cash positive and the balance sheet will bring the shareprice up in time.

"The Company's pre-payment facility with BP provides downside price protection by effectively hedging 6,600 bbls of oil per month at $60/bbl for the next 30 months"

I don't think you were misleading when you said 3,600 barrels per month when it's 6,600.

6.600bbls x $60 - $42900 operating costs X 30 months guaranteed = $10.593M
Plus circa 20% gas and around 40k barrels at market price.

Hindsight is the best investor possible, I look to buy undervalued under the radar stocks and look to sell IMO overvalued over the radar stocks.

This is definitely a buy stock IMO

ESL, is an investment company now and our only asset is 49% in greenwhitestar. That's why they are not going to sell it.

Even the fuel prices will be having a seriously positive effect on the balance sheet.

True it does need and should get an update soon.

Me too, sold my first tranche just last week, just couldn't hold any longer.

For the next 30 months.! No Brainer

There's 5M Oz in the current MCAP but there's more in the ground.

Shareprice will hit 10p before news.

Having exceptional time in AIM stocks at the moment, +1200% in GGP (sliced paid off mortgage), +800% in NCYT (sold when overpriced but it went another 400%) , ESL & UOG confident of another +500% and more from them both.

GLA

Having exceptional time in AIM stocks at the moment, +1200% in GGP (sliced paid off mortgage), +800% in NCYT (sold when overpriced but it went another 400%) , ESL & UOG confident of another +500% and more from them both.

GLA