Member Info for DRB83

Great set of results. In summary:

Mcap £990m
Cash £500m
EV £490m
H1 profit after tax £116m
H2 forecast profit after tax c £200m (if not more)
FY22 forecast profit £316m
H123 forecast profit say £200m
Profit to Jun23 = £516m

So buying at today's prices your investment will pay for itself in around 12 months. Sounds like a win to me.

Listen to Donald Tramp everyone. She sells the very top and buys the very bottom every time. Even when the SP rises 30% out of nowhere and shes been banging the 50p drum, secretly she buys 60 seconds before the rise and then when everyone is trying to second guess what is driving the rise she doesn't hang about, somehow she calculates that the top is in and sells everything she has making an absolute fortune. She's an absolute wizard. Obviously I or she can't prove any of this but she seems like a real genuine honest character so I believe her anyway. Absolute wizard.

Tongue in cheek emoji

Can't remember the last time I reported a post personally but someone clearly took offence. Not surprising really. Unfortunately I never got to see it but I'm sure I wouldn't have learned anything from it that I didn't already know. Anyway, I'll leave you to calm down.

I see BV posted something at 9:47 but it seems to have disappeared. I can only imagine it was more filth that can't be repeated so I won't ask.

C2, of course I'm expecting it to happen and it's clear the bod are too. Otherwise, why issue them.

Chris, in order for them to form a lifestyle from those options the SP would have to be between 50% and 160% higher than today so I'm not sure your 2 word post means anything.

BV, WG may look at Angs from a different angle but at least he/she provides facts to support their opinions and brings balance. This actually encourages research and stimulates thought so I am actually happy to have the likes of WG and Hits here. I have come across many "trolls" on other boards that can't even be bothered with facts and just land one liners like 'sp is going down, sell now'. Thankfully we don't appear to have any of those here although we do have 1 or 2 of the opposite.

I personally have had more thought stimulation from one of WG posts than I have from all of yours since I've been here so that in itself is proof that it's not all about everyone being positive. I'm not interested in being a part of a ramp orgy.

Mmmmm, with only 4 days until the end of the September quarter, how are we getting on against the to do list from June.

Ongoing work
Planned activities from the IOCA development team during the September quarter include:

• Planned geotechnical ground assessment of access road and intersection

• Progress MRWA intersection design

• Water bore drilling

• Finalise crushing & screening plant flowsheet design and plant selection

• Finalise CAPEX and OPEX inputs, including pricing for intersection, haul road, mining, haulage and site establishment

• Secure offtake agreement and funding for early works

• Further resource drilling

• Upgrade JORC Resource, including maiden measured and/or indicated resources to support a maiden mining reserves

The Company looks forward to updating the market in the coming months on the progress of the Han**** Project and continues to be on track to be shovel ready in early 2023.

It is what it is BV. So what are you saying, we should not talk about anything that could be perceived as negative in case we put newbies off investing. Are you a sales man?

Another example of a decent thread turning into a personal insult parade by the usual culprit.

WG, thanks for the post. It's good for newbies to see the current situation on the warrants.

No worries BV, I'll take your literal mind into consideration next time I share a joke.

EA, as I said quite clearly, I had not bothered to look into the current oil situation as that is about 5% of the interest here. I did quite clearly confess to that.

From your post earlier:

WG818 you maths way out again

21 May to 13 July is 21 days x 5 =105 barells.

Nice try Einstein lol.

End of post.

I get it to be 54 days so just a quick question. Are we only operating the Brockham site 3 days per week. That's a disgrace if so. Get it pumping 24/7. All the stop starting must be costing a fortune. Sort it out GL.

BV, you've taken my humour literally. You wouldn't take 123. You'd fill it up to the max. It's a photo, could be of any truck, anywhere at any time for all I know. I'm certainly not going to be reading anything into it. I'm not really fussed tbh. Oil is flowing and it's covering the overheads so I'm happy with that. GL said 50 barrels are flowing and the data everyone is concerning themselves with is 3-4 months out of date so why everyone is getting panties in a twist over whether it's 5 or 50 I don't know.

According to the interims we generated £27k in oil. At call it £100/ barrel that's 270 barrels. I've not paid much attention to the oil tbh. What was the date we had 400 barrels in stock?

Agreed Bendog, imo unless you need the cash it's a hold and ride out the storm as once the 2nd compressor lands they'll be a step up in the SP with a new base formed. It will take some patience but only 3 months to the end of the year. Hopefully the sidetrack will be a success, if it is then sentiment will take this high from here. Hold but it's only opinion and not advice.

You are indeed correct Howey, bloody roundings. It's good to have a sense of humour isn't it, especially on these dull market days.

I respect you for speaking out on this Hamsters.

BV the new Mr Friday night. I'm happy to go with GL's take on things but If by a serious investor you mean trusting a newby who has reviewed a still shot of a tanker and is telling you that with how far that suspension is down then the regulated reported figures must have been mistyped and that the 5 is missing a 0 and should be 50. If that's what you mean by serious investor then we do differ somewhat. Good luck with your investing.

Are you chaps really saying you didn't sense the humour from my post. I didn't really calibrate the tanker you know. I made 123 up as a bit of a jest.

Oh lighten up BV, the guys saying that a regulated sites figures are wrong because he can tell the compression of the rear suspension of a tanker from a still shot. Now be honest. If that was a troll saying that you'd still be rolling round the floor.

I used an advance measurement software programme on the photo of the truck in question and it's rear end was 24cm off the ground. Having collaborated this with the truck manufacturers specifications for that make and model I can confirm there was definitely 123 barrels in that truck.

Tongue in cheek emoji.