Member Info for Brasso3

I think they just opened the spread to 1.55p / 1.70p in the last hour.

PPC flat!

Welcome Blonity

A few on ADVFN have been talking about your youtube videos.

I think the general consensus was that you are using very high PE valuations especially for the UK markets. I think a PE of 10 - 15 is more realistic for ARB.

Bitcoin Whale Emerges With $1 Billion, Alan Howard’s Backing

https://www.bloomberg.com/news/articles/2020-12-16/bitcoin-whale-surfaces-with-1-billion-and-alan-howard-s-backing

“There is going to be a generational allocation to this new asset class. The flows have only just begun.” - CEO Eric Peters

https://bitcoinmagazine.com/articles/ruffer-investment-co-allocates-2-5-percent-portfolio-15-million-to-bitcoin

Once BTC breaks $20k I expect it will move quickly to $25k. ARB is doing just fine sitting under the radar. Wait until all the penny share chasers realise there is an ISAble bitcoin miner on the LSE.

$19,500...

The highlight for me was the Schroder's representative not understanding Barrels of Oil Equivalent (BOE) around 14 minutes in.

You state "a few' dilutions since"

In Sept 2017 there were 953,597,617 shares in issue. Fully diluted today there are over 2,100,000,000 shares in issue.

I think fair value based on Argentina/ USA production/ reserves is 2.5p - 3p.

Michael Saylor and Microstrategy are way ahead of the game! Raise money using fake fiat and convert it to bitcoin!

MicroStrategy Plans $400M Raise; Net Proceeds Will Fund More Bitcoin Buys

https://www.microstrategy.com/en/company/company-videos/microstrategy-announces-proposed-private-offering

https://www.coindesk.com/microstrategy-raising-400m-to-buy-more-bitcoin

I agree that PPC are using the total figure (4000 BOEPD) to 'flatter' the market. Clearly 4000 BOEPD is still below the peak production (3300 BOPD) achieved in January 2019. Hopefully in January we get another update confirming 4300 - 4500 BOEPD. We have spent a lot of money on the gas infrastructure so its going to be important to expand the gas production now to maximise capacity. I would do not think the market will appreciate it if PPC becomes a dominant gas (eg. >50%) producer.

A market valuation is not only based on the current news. PPC has failed investors for a long period of time. PPC has diluted share holder on an annual basis like clock work. PPC has to demonstrate consistent profits and grow organically. It has yet to do this...

I think we are all sick of dilution and a I am not interested in further acquisitions either. Further acquisitions will mean more dilution/ debt.

Its time PPC focused on what it has (Solid production Paraguay and MDT exploration).

2000 BOEPD (gas) = 12 MMCFD

12 MMCFD (x1000) x $2.1 = $25.2k / day.

The oil:gas equivelent is based on energy value and not monetary value.

I have a target of 500 BTC by the end of Q2.

I think with the leasing agreement it will be prudent to get to a point by end of Q1 where we have $5m - $7m in cash reserves to ensure we are not exposed to any default risks.

$30m gross profit??? I think you need a new calculator.

2,000 BOPD at $42/ barrel is around $84k/ day or $30m/ year in revenue.

2,000 BOEPD (12 MCF/day) at $2.1/ MCF is $25k/ day or $9m/ year in revenue.

$39m is obviously impressive compared to the market cap but the above figures show that you have to take the gas into account separately rather than just look at oil equivalent figures.

Our friend on youtube has calculated that ARBs HODL speed is just above 1 BTC per day. That should comfortably take us to 390 BTC by the end of Q2 excluding new mining capacity.

Good news at last that the market can attribute value to.

Lets hope they drill a few more shallow wells in Q1 and push towards 4500 - 5000 BOEPD.

When has bitcoin spent 6 months at the same level in a bull market before?

Your comment makes no sense. ARB has gone from 3.5p (low) to 12p (high) this year.