Member Info for davwal

I was thinking of ECO’s management’s response thus and given their expert knowledge of the region, but accept they probably have no more to work with this time than we do. Maybe Gil will be interviewed in the coming days. Just our luck Shell play Secret Squirrel.

Im now more doubtful about the nature of the announcement and Can’t understand why they can’t/won’t indicate the size of the discovery. Im no expert, but thought soon after the down-hole testing is when they can usually assess that, not after months of desktop analytics - albeit the size of discovery often gets reassessed upwards after analysis. Did they carry out testing in the hole - is it now plugged and abandoned?? It looks like a fudge to me, and ECO’s response is pretty muted in the apparent circumstances. Let’s hope Venus news is less opaque.

It finally confirms ECO’s acquisition of licenses off SA but geologically ‘next door’ to Graff-1. Not yet having that as fact certainly played into my decision not to add. Just didn’t want any more little surprises.

Added to which of course we still await confirmation of the Azinam acquisition…

I was poised to add significantly on great news, but like many others (it would seem by the static sp) I’m caught in two minds due to the rather equivocal nature of the news release. I’ll just wait and see what comes of Venus-1, I guess.

Good news at last in the context of Namibia but cautious in how it’s worded. Will be interesting to read Shell’s version (odd they’ve said nowt today).

Meanwhile, our good mate Tullow is catching the breeze created by another jump in OP…

I know the news is not exactly late given it was due by 31st or later as necessary, but I’ll be happier once ECO announce completion of the Azinam acquisition. I tend to get more nervous with this lot than I used to.
With Graff-1 confirmation of a strike (or not) imminent it’s incredible that Venus-1 also has to be due an announcement any day (not checked schedule). If they both come in it’ll get pretty lively.

Yes, and when you compare TED’s miserly P/E to Joules’ crazy P/E, and that’s even after the crash never mind the looney tunes that it was before, it’s pretty galling.

Sector fears after Joules debacle.

I think ‘sources’ last suggested next week for the government announcement, whereas the official word was that an announcement would be made when the analysis was complete. Hopefully it is this week though!

Isn’t it just! A really decent discovery off Namibia,at last, would blow the bloody doors off.

I looked through Align Research’s site. For what it’s worth, they say;

We approach only those companies that we actually BELIEVE in. We don’t take all and sundry onto our books on the basis of preparedness to pay. Belief in the investment case is our sole criteria in selection.
We actively look to take payment almost exclusively in the company’s equity or apply payment to purchasing the equity of the covered company. This of course ALIGNS us with both the company (existing shareholders and management) and new investors that act upon our research notes. If we are wrong in our analysis we suffer the same fate as the covered company's shareholders.
We also propose “Conviction Sell” recommendations on certain companies where we feel the shares are a good short opportunity and, where applicable, openly disclose our position in such a candidate.

Anyway, I’ve now signed up for their research notes!

Good luck! Conversely I reluctantly reduced yesterday after deciding I was far too overloaded and too far under for the weak stock this has become. Quite why it is doing so badly isn’t clear, but the market rules.

Has RP indicated/confirmed a willingness to farm out more of their Kaieteur holding?

The price fall at this juncture seems unfortunate in the context of update news being expected imminently. I’m a prospective investor, not a current holder, for clarity.

The Dec 14 update included the paragraph:

‘The Board recognise that the short-term effect of this is disappointing, but as noted above, believe these operational issues will all be satisfactorily resolved in short order. Accordingly, the Board intend to provide a further operations update in January 2022 and also to provide quarterly updates for a period of time to reassure the market in respect of revenue performance alignment with future market expectations.’

With TLW almost a distressed seller, the potential players are going to play hardball. Doesn’t necessarily mean there haven’t been bids, just none that they like - yet.

Correction - now 2.16% up… I think this will head back to the ipo launch price fairly steadily.

I’m a dizzying 0.81% to the good at the mo…