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On the 21st. Of Nov. in the rns they said that average oil and condensate production was 50 bopd. So 20 days of production at minimum 50 bopd amounts to 1000 bo up to the 21st. In todays rns they said that November average was 23 bopd, that works out to 690 bo for the whole month which is less than the 1000 bo.
That means that the production must have started very close to the 21st. Of November or else the maths want work. In my opinion that means that on the 30 th of November is way below the 23 bopd average and maybe in single figures.
Getting engaged with the Director of Hydrocarbons at the early stage of a Jv process is the right decision in a place like India. With Magna, Oex/ Syn learnt a lesson that it’s better to have the blessing of the Indian government for any eventual JV partner.
You can find data by googling market index synergia. I follow the data on a daily basis and I think it’s the first time that it closed .001 on the bid and .002 on the offer. In the last months whenever it closed at .002 the closing bid/offer price was always .002/.003.
With bid/offer at .001/.002 we are at 100% margin. This might lead to ASX forcing Syn to consolidate by 1 in 10 or even 1 in 100. With the Agm agenda presently being finalized we might find a consolidation item included.
Theoretically it means nothing but the market never take consolidations positive. Always IMHO.