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The market is moving 3.43% on ridiculously small volume. It could easily move higher very quickly on positive news.
To be honest, it’s pretty boring and needs something to show that the company has made progress.
That’s another cargo ship leaving Moma over the weekend. Hopefully another full load shipped.
Trading update early January should be positive.
Back to the numbers…. Facts
The board are looking $5-10 recognition for each barrel of oil in place.
NSAI due to announce update insight
SLB working on next phase of analysis
Pressure bulb out this week
90% confidence that the new 1bn barrels are oil and recoverable.
Maybe Scot / oldwiser could add up the barrels announced and explain what happens if the total number of barrels announced to date get multiplied by the increase in recovery and certainty.
I assume the number of barrels increase by multiples as well. So I’d like someone to tell me the potential size (upside) of the reservoirs within the PANR average.
I doubt anyone can LEARN anything but the volumes are INTERESTING.
Buys vs sells are recorded based on whether the price agreed is above or below the market mid point at the time.
But every trade has a buyer and a seller.
Only that pricing in Q12024 will be lower than 2023, although given rates falling, assume growth returns, and demand will start to rise again. Also China seems to be supporting residential housing so another positive.
The delay in FID is not positive but also not negative.
My view was that the timing of the RNS was unfortunate and that the wording, as seems to be normal, was very dull and negatively worded. Possibly just the tone but clearly the reaction was negative with potential sellers committing to sell.
The recovery is positive and, for me, is a positive sign at this time of year.
Yes, I understand the cargo ships are there to be filled and my thinking is the ships are there to leave before year end therefore will be included in year end figures as revenue cut off is when it leaves the port.
The BOD have history of announcing all potentially negative news ahead of positive updates. I’m holding for the Q4 update as I expect the shipped volumes to be extremely strong in Q4
So an extra $1-2bn of PANR capex to be secured by an operating partner that wishes to close the $300m peak funding gap to self sufficient financing.
It is now highly likely that Kever et al will be waiting forever for a placing and a number of good honest citizens will be holding a diamond. 💎
Tep
SGRF stated when they invested years ago they would for a capital return on their investment at an appropriate time.
Unfortunately I thought the SP was going up but I am still a big believer that this company will attract a buyer in the next cycle.
In my opinion it is materially undervalued and would still be attractive to a large corporate at 4-5x today’s share price.
Market will not give value under the current ownership or management.
It is cheaper to buy this type of business than build it.
The last few years have confirmed it is a stable business. Perhaps after the next investment and move to pilivili the company will get acquired.
I have to agree, the timing and tone of this mornings announcement is terrible.
It’s actually a non-event and should have been managed much better.
Just to be clear, Kever is stating FACTS that Mangrove know a massive placing is coming and have taken a short position on the stock.
All while a dataroom is open, the board are publicly stating otherwise.
Plus you have a regulated firm, WH Ireland, feeding you inside information.
Please confirm.
2yr 3yr and 5 yr rates are down already. It is a good time to refinance.
The move is not new news.
Prices down but growth returning, inflation dissipating and light appearing.
Everyone is running scared so now is the time to be greedy.
IWTis recoverable for UK investors.
I can’t get detail from my SIPP provider but can for my ISA.
Its great as zero tax to pay.