Member Info for ChartaRex

Taken from the latest quarterly report:

"Our active farm-out processes in both Namibia and Guyana have seen Eco actively engaged with a number of potential high-calibre partners as we work to monetise these licences as fast as is practically possible for the benefit of all involved. We look forward to providing updates on material developments to all our stakeholders over the coming months."

Our Orinduik block has a "best estimate" of 4.5Bn barrels in in. We currently own 75% of it.

Obviously we'll lose a chunk of the 75% in any farmout deal.

Who knows..?

Looks like you've lost your 'way' there, spades :o)

Kever,

I'm not only in love with GGP, she's the love of my life.

I've done the numbers & she's a keeper :o)

We've been in talks for over 4 months over our FOUR Namibian blocks with major OC's. The S. African 3B/4B Total/Qatar Farm Out only took 5 months........

It's very quiet at the moment.............

I take that as a very good sign.

We're also drilling 4 wells within the next 6-7 months.

Not long to go now :o)

Maybe you could plug the leaks with some leeks?

just a thought :o)

Not really :)

1DAYMAYBE is a Poulden worshipper.

I call him 12THOFNEVER. Because that's when this scam of a company will mine gold.........

Hi MF11,

Thank you for the acknowledgement.

I completely agree, the 10m+ oz of gold is worth considerably more than £90m, but not until it's actually being mined. Hence my view that things will ramp up here in late 2026, early 2027.

Rex

YNWA91,

It depends on your definition of short/long term, doesn't it?

Personally, I'm thinking short term is the next 12-18 months.

You may have a different opinion.

That's life :o)

Hi SpadesAspade,

Good post. Thank you.

I think the AISC for the Telfer stockpile will have been accounted for within the deal somehow. How much, I don't know.

The $450m profit you allude to will go some way to offset the $475m purchase cost. Plus we have $207m of cash.

My whole point is the current sp, in my view, is reasonable. Telfer will tick us over until Hav comes on line in 2027 - that's where the real money is.

As Bamps says, there is additional ore at Telfer not yet accounted for in the numbers, but people getting worked up and expecting a massive re-rate of the sp in the short term is wishful thinking - in my opinion.

I'm fully invested here, but my expectations are somewhat constrained compared to others here. The sp will fluctuate for sure, whether it goes down to 5p or up to 12p in the short term is irrelevant. This is a 20+ year play. That said, it'll be multilpes of the current price within a few years. The numbers don't lie ;o)

MF11,

Interestingly you completely ignored the $475m cost of purchasing the asset from Newmont, or are we getting that for free....?

Maybe revisit your numbers.

As for the 20 people that agreed with you, I'd maybe do a bit more research. Start with the latest presentation.

Sorry folks, but I don't see it - yet.

Based on 426koz AuEq from Telfer over the next 15 months, with an AISC of $1454, and nothing from Havieron until H2 2027, I think GGP's at fair value just now.

The cash cow's arriving H2 2027, unless we find something juicy in the interim.

The numbers above are taken from the 6th Nov 2024 presentation.

not what anyone wants to hear, but it is what it is.

If he buys it back we're likely to be short-changed. He'd want it on the cheap.

I'd rather re-build the share price for OUR benefit.

I believe WG is fundamentally sound, with a good pipeline of work going forward.

They should take the entire $125m and buy back 28% of the entire share capital and cancel it.

That'd help....

Https://voxafrica.com/press/petrobras-pursues-strategic-oil-gas-expansion-in-southern-africa/

Taken from the article:

"In Namibia, Petrobras is currently evaluating entry opportunities as the country has produced a series of world-class discoveries. It is estimated to hold 100 billion barrels of oil equivalent in unrisked resources, with the Deep Water Orange Basin alone accounting for 30 billion barrels of oil equivalent.

The potential of Namibia is incredible. We have a commitment to fulfill – I guarantee deals will come through,” said Dr. Marcio Rocha Mello, Founder&CEO of Namibia Energy Corporation."

Would be nice to partner with Petrobras ........................ :o)

Putin won't stop. Same as Hitler before him.

He wants Ukraine. And if he gets it.....

He also wants Latvia, Lithuania, Estonia, Poland, Hungary, Romania, Bulgaria, Moldova, Slovakia, Bosnia, Criatia, Serbia, North Macedonia, Slovenia, Albania, Montenegro, Kosovo, Czech Republic, East Germany, Georgia and some, or all, of the "Stans". The world is not enough for him, literally.

The world isn't dealing with a rational human being here. Putin is a bulling, psychopathic thug with an unswerving sense of "destiny" for him and the "motherland". Exactly the same as Hitler 90 years ago.

He won't stop till he's restored Russia to its former "glory", whatever that was. Then he and his cronies will thoroughly rape each country of its wealth, subjugate the people, and continue threatening the world with talk of nuclear armageddon.

There can, and must be, no deal with Putin. He needs to be removed.

Freedom comes through strength.

If that means you don't get your 500p within the next few months, then so be it. Consider it a temporary sacrifice/inconvenience until Putin can be dealt with. (A small, painless sacrifice, when you think about what those brave Ukrainian soldiers have been enduring these last 3 years, and the ultimate sacrifice many thousands of them have endured).

Now is the time to be patient. Our rewards will come in time.

And half of our MCap is cash :o)

Complete no brainer, look at our KV gold assaysfrom 2022 - phenomenal!!!

Can't wait for the Lithium results!! :o)

Vol Sold 17,416,687

Vol Bought 45,140,480

2.5x MORE BUYS than sells today, yet the price has tanked 60%. How's that work then?

Games afoot, methinks :o(

Tom,

The answer to GGP is simple.

Set up a monthly D/D for the next 2 years, forget about it, and then sit back and enjoy the riches that follow. You won't regret it :o)

I've crunched the numbers & it'll be ok.

Don't overthink it.

Not sure why you're surprised at the sp TomE, it's all about revenue, which we currently don't have. Telfer will provide some, but that's priced in.

Without another major discovery, I believe the main re-rate will happen late 2026/early 2027 just before Havieron comes online.

Just my opinion.

"Back in June, John Wood received a fourth possible takeover proposal from Sidara, worth 230 pence per share. Sidara had steadily increased its bid proposal after making an initial approach worth 205p per share, which John Wood disclosed in early May. The June tilt had valued Wood Group at around GBP1.58 billion.

In May 2023, a bidder owned by the US's Apollo Global Management Inc decided against making a firm takeover offer for Wood, having previously made five tentative proposals."

Sidara - 4 proposals.

Appollo bidder - 5 proposals.

That's nine proposals in a year.

At this stupid price, you can virtually guarantee a tenth proposal........