Member Info for D220

Follow the money!

Interesting. Matupa has an estimated resource of 332k oz and the AISC is based on 50-60k oz production pa.

We have 210k Oz but at an AVG grade of 3g/t. Should be able to at least match their AISC, especially after resource expansion.

I would ve very interested to know what sort of AISC figure they anticipate for this resource. I suppose we will have to wait for a PEA or DFS. Either way, a rising gold price is a very nice backdrop to have whilst we define the resource.

Veteran I agree that JAN will take the 50.1% option, probably in the next month or so. A further £500k shares looks sensible to me, particularly if they can get the vwap SP over 1.5p. The 1p warrants will start to generate funds soon too.

Sorry, circa 5p a share...

Seems really strange to me that the RNS doesn't say what the proceeds of the BRES sale are. Must be around £1m though (circa to a share?), so we are well cashed up for the exploration programme. Interesting times ahead and, as LTH, I haven't been this optimistic for years!

It shows how quickly this can move with just a little buying.

North Sea ‘has three times more oil and gas’ than Government claims

https://www.telegraph.co.uk/business/2025/09/20/north-sea-has-three-times-more-oil-gas-government-claims/

Nice Results posted today!

SQZ is climbing nicely today with a steady rise, up 4% now.

Wonder what is driving that?

Https://www.telegraph.co.uk/business/2025/08/10/bp-defies-miliband-to-reopen-north-sea-oil-field/

Https://www.telegraph.co.uk/business/2025/08/07/north-sea-giant-to-move-jobs-overseas-as-tax-rate-hits-111p/

Thanks DTP, I'm with HL and didn't realise that!

Https://www.telegraph.co.uk/business/2025/07/30/keir-starmer-waking-up-to-reality-labour-north-sea-retreat/

At what point will Starmer change his mind?

Https://www.telegraph.co.uk/politics/2025/07/29/donald-trump-stir-hornets-nest-on-north-sea-oil-gas/

It would be nice to finish today on a 12mth high!

I suspect that is driving things today.

Or news of an accretive deal for Prax assets is leaking....? Ok, wishful thinking!

Ah, ok. Didn't realize the deadline had been and gone. So there should be an announcement of the successful bidder in "the coming days" then!

I wonder how quickly SQZ will make a decision on the Prax assets? Possibly we will hear next week?

Always takes ages for HL to credit my accounts with funds cleared for trading.