Member Info for Carribean2029

Points well made Bishop. Each to their own.
I only have 2m of these and it’s a portfolio outlier, so I can afford to take the risk. Others may not, and that’s completely understandable.
I’ll be holding
Caribs

I’d expect a further TR1 in a day or so, also from Barclays.

SD,
Caribbean is 8 years and 4 months away for me.....retiring at 55. I've yet to see the Green Flash, but it's on my list. Don't see many green flashes here in Dorset, unless you've had a dodgy curry
Baggy Green and BG North are two of the early targets for this drill round. Along with Laker, Larwood & Clarke, according to Drill Programme from August, I seem to remember. Doubt, given Pathfinder analysis that they would be wasting valuable metres plunging for the giggles. Let's hope not anyway!
Good luck

Hi Brig,
Hope you're well? I wonder if the next acquisition is somewhere with a tough regulator, but one which respects UK regulator. RG said he needed to demonstrate that they are competent and operating, developing and maintaining. I think they will run with this new SPV acquisition, demonstrate that working with under-exploited assets can be done, done efficiently and within regs, whilst making profit even in harsh conditions. I think they have a much much larger target in their sights.
Hope your other investments are holding steady.....it's nail-biting territory for some Long term plays at the moment.
MNRG struggled to hit their own deadines with this transaction, so don't be surprised to see others fail to hit theirs too.

Hi SteadyD,
Nice bit of lateral thinking there. Good shout.
I'm looking forward to this going NE over the coming months. I've tried getting clear Sat Images from Larwood and Baggy Green, but cloudy days and being busy on my day job has meant I've not had the inclination to check back. Nonetheless, I'll see what I can find tonight going back over the last couple of weeks and see if we can see the rigs.
I'm guessing first drill results to come out mid November? Hopefully we will see price rise hold off for a couple of weeks as we all load up.

I agree, the off take agreements, if and when they arise, will put this firmly into the sights of strategic customers and their competitors. This is when it will get really interesting as one off take from a major manufacturer will begin a domino process and before you know it, £3 could have the potentially to be a memory.

Morning Diversified
I like your SP prediction. It fits the current climate, the underlying assets and current demand. I agree, it’s a £2/£3 share without breaking sweat. I will, nonetheless, be unlikely to sell at that price, unless a takeover from a supply chain predator forces such.
It’s a realistic possibility. That said, I doubt any offer will be that low.
In respect of the herd, they’ve got limited opportunities to get on board, given the already sticky holders; a NE trajectory is inevitable, assuming no significant changes in the greening of the global economy. IMHO
Caribs

It is pleasing to see this bumbling along....been topping off all week. Not massively, but creeping closer to my big number......long long hold.

It’s break even at 55 bbl/day!! Current production levels. Mnrg now to upgrade and produce onshore oil at higher levels. Makes perfect sense and totally in line with company strategy.
Result

Happy to see £1! I’ve got 2million of these, so yes please.
But....I’ll not be holding my breath.
No dramas. Sp matters to me, not mcap. Mcap is vanity; sp is sanity

Hey HPB
Not wishing to offend, so sorry if I came across strong. Just find it bonkers to compare Low share issue, main market company with an aim listed mega diluted aim stock which has seen sp plummet and Mcap grow, but only through multiple raises....mcap should grow through value added performance of underlying assets with MNRg. Not by dilution and fundraises. What good is that for shareholders? Really?
I prefer to see profit in my portfolio consistently, but you may be comfortable with otherwise? Each to their own, so apologies again for appearing spiky.

That’s the most bonkers deluded post I’ve seen this year!
Ukog? They have seen their share price fall by over 80% in 1 year. Sure there mcap has risen because they’ve diluted to in excess of 11billion shares! 11billion! And the warrants in the background....I’ll ask you don’t ramp us in the same vein, HPB.
Mnrg is main market, granted, but I don’t see any potential similarities beyond that.

https://www.asx.com.au/asxpdf/20201006/pdf/44nd0gzy0lnxys.pdf
I mentioned this last month. So 8million and change came over last month alone, it seems. PRE will want to see this continue, I imagine.
GLA

Hi trumpy
I’m not going to entirely disagree, but there certain conditions that needed to be met, and it was estimated at 3-4 weeks. It has been four, as you say, so presumably, as with everything right now, deadlines are being stretched.....disappointing, but not unexpected.

Morning all,
Well the cloud cover was pretty thick over Larwood today when the Sentinel L2 passed over, so unable to see any details on the satellite. In fact all the area was covered in nice fluffy white clouds, so nothing to really show.
Its all pretty decent access to Larwood along the Buckleboo Road or along Stringers, so I imagine they are just getting on with it.

Drill on.....

Hello Brig,
It’s my understanding that the closed period only relates to interim and year end results (or preliminary results, provided all information is in said preliminary results). The shares issued to Pegasus are related party transaction and was necessary for business operations to continue. Delay on news is cos there isn’t any.....yet!
See you are waiting on MNRG news too!

Hi Isas
I get where you’re at, and accept the earlier tranche will soon vest. That said, I believe that this will only aid liquidity in this and they will be hoovered up by new entrants and other lth’s. if it does drop back, it will only present buying opportunities...

Morning Dave
I don’t believe the CLN or warrants Will have any Impact for some time. Primarily as they can’t be admitted to the exchange until after the prospectus, and certainly not until after the GM, by which time drilling will be progressing and we will have had a run of updates, pushing SP to new highs.
There’s always a risk of finding nothing on the drill campaign, of course, but that has always been the case.

Well shared DTM. Good article and shows how meticulous science is aiding the push towards the 1cu.metre needle of 1m oz.
As an aside, it seems it’s all systems go for next week; travel permits are issued, quarantine for their return arranged and the drill-rigs are leaving on the 21st.

Hi Herts,
I hope 3p doesn’t happen tomorrow; no offence. I am planning a further 650k share purchase in the next few days and would rather it keep my average around 2.2.
But I cannot stop trains with a f@rt, so if it goes, it goes.
Interesting to see the spread widening. There’s not many of these in greasy hands, so I imagine any GGP money coming over here is going to take a while for anyone to accumulate. There’s a few of us with sizeable chunks here; some will let go easier than others, but don’t come knocking for mine for some time.
IMO, 1m ozs is a formality, putting us on the map. Then the real work begins.