Itâs funny because I was listening to the recent interviews again this morning and thinking the same thoughts as you guys. âWhat are we missing?â âWhere is the catch?â.
I said exactly the same thing on the Zephyr Telegram board last December when it was languishing with a 2m MC and an SP of 0.9p
Itâs now around 7p and going from strength to strength.
I guess itâs a case of the market catching up with us. Every time it dips below 22p Iâm buying more; Iâm looking for life-changing profits - and Iâm not expecting to wait years for them.
But the value of each share has increased by x100. So, status quo maintained
Surprised you say that an additional 700k Oz would be disappointing.
Listen to last weekâs interview and then calculate how much theyâve drilled this time compared to the previous that gave 1.015m Oz. From memory I think itâs around 22k vs 37k.
If we have 700k Oz extra it will be fantastic. Iâm expecting it to be around 450 indicated and 150 inferred.
If expectations are unrealistic it has a detrimental impact when good results are released.
Burleigh - no âimminentâ takeover but the company clearly have the For Sale signs up. Watch from 12:30:
https://youtu.be/brFPUB-kvb4
If the link doesnât work, search Landore on You Tube; itâs the Proactive SH Q&A from a couple of months ago.
Itâs just sitting within a range; we should flip between the current levels and just over 6p for a bit, then weâll break out in around 2 weeks - the question being, which way!
They need to be published within 3 months of the end of the reporting period, so anytime from now until the end of Sept. So, within the next 9 trading days.
Increased by 250k here today, on the basis of the (eternally) imminent half year numbers.
With Covid âgoneâ and oil prices rocketing, we should have some great cost savings allied with increased utilisation and revenues.
Itâs been eerily quiet recently and the worry is that theyâve something up their sleeve to batter us with, but maybe there will simply be a positive update that will kick us on to 6p and beyond. Fingers-crossedâŚ
'Landore has engaged Cube Consulting of Perth Western Australia to complete a Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") update on the BAM Gold Deposit scheduled for completion in Q3 2021.'
Is it possible that the final reference to âscheduled for completion in Q3â refers to the drilling programme and not the MRE?
It is spread betting companies balancing their books.
True! Maybe thereâs another 9m purchase theyâre about to inform us of lol
A nice 900k buy went through a little earlier. Maybe they are buying?
Nice one, Mansoor. You now own as many as I do ;-)
Still, itâs great to see this going on. Be good to see the rest of the board doing the same, and see their volumes increase too
Not a lot, but itâs a start. Hope to see some regular purchases from him and the rest of the board, great to see him buying on the open market (I assume he couldnât have any in the recent fundraise?)
Not sure why this a failing.
Makes sense to include only end of year numbers as theyâre in the public domain. Are there more recent numbers already RNSd that theyâve ignored?
Similarly, the fund raise is out there. Thatâs why it can be referred to.
Itâs worth checking out ZPHR if youâre looking at something ready to pop. Theyâll be producing at least 1500 bopd by the summer with 11 more overlying reservoirs still to be tapped. Great BOD too.
Defo worth a look as theyâre fully funded now and unlikely to come back for more now theyâre a producer.
I guess the market was expecting higher TGC%.
The co themselves previously suggested a number of 7-8%
How much of the 960bcf could be recovered?
1%?
10%?
25%?
Even the lowest numbers seem eye-watering!
I believe Colin has said that they think the overlying reservoirs could hold as much as Cane Creek.
It did, to a degree.
Completely new BOD, new strategy and very strong shareholder alignment as they have around a 20% holding.
I wouldnât base any investment on the history as itâs just not the same company.
Check out the recent investor presentations if you havenât already.
Are 88e liable for ALL costs above $10m, or is this additional cost split with APDC?
Initial RNS said:
âAPDC to earn 50% in Project Peregrine by contributing US$11.3m towards the cost of the Merlin-1 well (estimated gross cost US$12.6m)
-- 88E to contribute $1.3m, representing its 50% share over and above a US$10m carry
-- All additional costs associated with the project above the US$10m carry will be borne equally by APDC and 88Eâ
I donât get how the costs to 88e are now $4m. This would mean the total costs are $18m just for Merlin, which is quite a leap. Or did the deal change after the RNS in Dec?
I read it that they have reduced, but only from 5.13% to 4.93% - so very little movement.