Member Info for ChessGambiteer

So its $1800 X 3/400,000 Ounces 💰 💰 💰

If we look at Zelensky's peace terms, first he wanted all lands back and all Russians to leave Ukraine. Then he said they can keep the lands they conquered and now he says he won't join NATO so there is a pattern of slowly accepting terms and its only a matter of a few more meets before the remaining Russian term ( territory) is reluctantly accepted.

The results of the Berlin meet were never dealbreakers as they have to go back to Russia with them next but progress has been made although we must await further details.

So its a bit more back & forth but one may observe that Zelensky is, albeit reluctantly, slowly giving more and more ( NATO membership most recently ) so its only a matter of time before an agreement is reached.

Onwards & Upwards as Peace becomes ever nearer !

Allow me to simplify.....No Profits/ Divis until 2030s and its 2025. Not being negative just reality.

Much, I am not bearish on The Rock, I just don't see what's gonna push the shares significantly higher in the next few years as Rig/drillships/fpso etc are all expected after FID and won't bring in sufficient buyers to propel the Rock significantly higher.

I think the shares will trade between (60p to £1) until production increases -thus it no longer offers the mult-bagging returns AiM investors demand.

You state production @ 15k but thats 'Peak Production' not the start or end, just the middle part. So I think 10k average would be fairer.

Let's say they pay $100mln a year off the debt for the first 3.5 years, thats no divis or meaningful profits until after 2030.So whilst its a derisked investment on FID its a long term slow burner now and no longer the bargain it once was.

I'm sure we're all still pinching ourselves at the 500% rise over the last 12 months on no news so The Rock's been very good to all of us who bought those lows and placing shares/warrants.

Of course, Rock could £2 a share in 10 years but only the hardcore Rockites will hold for another Decade.

Most of my Rock money has been put in a 5 year bond paying 4.6% and the rest has gone in Trp & Eua, not because I think they are good companies, just I think/hope I can make good returns there in the short ( 3 to 6month) term .

Good Luck to All, regardless of Strategy.

Troagen, Its Ridiculous to keep stating your own personal peace terms that have no relevance to the actual real peace terms .

Please drop the Fantasy Terms and stick with the real terms 👍

Anyone with half a brain knows that the peace process is a process and the biggest & most important step is a peace agreement & end to hostilities, which may not be far away now.

Then all other minor issues can be ironed out but the big one is an initial peace agreement and end to hostilities.

It looks like Ukraine has its security guarantees and is willing to vacate land it holds in Donbass, these were the 2 biggest stumbling blocks to peace.

Wilco, holders should take No notice of the same few Pond Lifers who post the same negative diatribe day after day and focus on whats really happened and that's the war is coming to an end with this peace agreement and Eua is heading for double figures 💰

I expect the market to react positively to the security guarantees as this was the last major hurdle to peace.

This, if true, is excellent news.

Ukraine has its security guarantees and we have peace !

Naturally Russia needs its own guarantees too, which they are supplying themselves so both parties have security guarantees!

This, I believe, is the last major hurdle.

Gentlemen, we are almost there !

As I said before, call/describe it as you like Troagen, it doesn't matter. The upshot is Ukraine is 20% smaller /won't join Nato/ will have size limitation on its army and will give up ground it holds in the Donbass whilst Russia not only gives no concessions but has dictated the so called peace terms.

But Troagen, you said Ukraine doesn't & is unlikely to surrender but many consider this upcoming 'peace deal' a surrender !

If you are not already aware the peace terms for Ukraine are basically a dressed up surrender and unfortunately they have no realistic option but to accept them because they are presented by the US and without US support, Ukraine loses its entire country - whereas this way, they get to keep 80% and that's why they will accept.

Call this upcoming 'peace ( surrender) deal' whatever you like Troagen, call it a victory deal for Ukraine if it helps you to feel better 👍

Threeskins, I'm sure most agree with you and it is indeed not fair or just but neither are many conflicts like Iraq, who got annihilated for not having weapons of mass destruction and millions were thus killed.

More recently look at the poor Palastinians for example, they have it 1000 times worse than Ukrainians and have to endure Starvation & Genocide by their Israeli Occupiers - who have killed over 50,000 innocent women and children as they flattened 96% of the Gaza Strip.

So yes, life is sometimes unfair & just as it is now on the Ukrainian's and the poor Palastinians, who had to accept a peace (surrender) deal just as Ukraine must.

There are No Good Choices or Good Deals for Ukraine, the deals simply get worse & worse as time passes by and the country reduces in size as the Orcs take more & more each day.

Ricardo then you may be surprised in a few weeks time. Peace was always going to be a process that involved a lot of back & forth negotiations and a was never going to be a one meet deal so keep abreast of the run of events over the next few weeks and you may be pleasantly surprised.

As for the Pond Life who posted at 14.41...The war is his lifeline and he will be completely lost when it ends and the shares rise into double figures.

Let us hope Big Don can end the war by Christmas, that would be great news for everyone ( expect Resident Eua Troll Spikey).

Says Turkish President Erdoğan after meeting Putin yesterday !

Seems we are in the final phase now before peace is agreed and I think the delay of the Eua Webinar is a wise move by the board and will be better recieved and enjoyed if done after peace is agreed.

Its been a long road but we are now near the end of it and a double figure shareprice will return on peace with the prospect of asset sales greatly increased and the higher metals prices pretty much give the perfect storm for a run on Eua shares ! Gentlemen, Its Time to Buckle up 💰

Just as a basic comparison if you look at Harbours £2.9Bln mkt cp, they produce nearly 500,000 bopd . Compare that to The Rock's 10/15000 bopd in 3 years for a $500mln mkt cp and you get a rudimental comparison of gross disconnect.

Of course, we all know you cannot comoa

I'm not short Much , why would you ascertain that ?

Now value to me was buying The Rock heavily ( taking up extra allocations allowed back then plus warrants ) in and around the placing for 7p and monetising after endless multi-bags.

Rock ain't cheap anymore @ $500mln with the prospect of 10/15000bopd ( net to Rock).

Check Out oiles mkt cps with 10/15k bopd and you will see $500mln ain't cheap.

Plus thats 3 years down the line and then another 2 years to pay debt off (85% of income has to pay the $350mlm debt so divis at least 5/6 years off, perhaps longer if the drill other prospects but the upshot is The Rock's well valued now and ain't moving north much at all for 5/6 years.

Its been an Astonishing ride over the last 12 months and we can all be thankful but the interest has warned now on FID as that was the goal for many.

Good Luck to All.