focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Yep, much more to come prior to GOI approval (could land any day!). 0.2p+ when the RNS drops imo. No placing distraction this time as the company receives 2.5M dollars on approval!
Looks like a few might have been spiked here. Difficult share to get the trade timing right....
From memory the SP was 0.16p PRIOR to the RNS announcing the Farm Out/JV. I'm 'expecting' something similar prior to GOI approval. Where the SP goes from there will depend on exploration progress imo
Not all one buyer (2 for me today and last week) plus other trades. A more widespread recognition that the SP is too cheap?
Does anybody still take Lenigas seriously, apart from the BoD, given his history. Avoid!
'With the Saudi dimension/potential - totally unquantifiable/even analyseable'
Botuney, looks to me like a bit of research on KEFI and its Saudi assets might not go amiss....
Plenty of buying today (even the 5M shown in red at 0.1073p) and surprised we are only up 4%!
Agreed! Right, that is my final purchase and now have plenty of skin in the game here and ready for GOI approval!
Good grief there are some real planks posting on this bb. Offputting to new investors....
Incremental rises and SP still very low imo. The real increase in SP will come with GOI approval and that creeps ever nearer....
The $2.5M cash injection is sizeable and important but the GOI approval gets the company on the path of monitising cambay AND the initial costs of exploration rest with our JV partner
GOI unlocks the future potential of the company. Anything less than 0.2p would be a major disappointment (after the intial 10-20% traders exit!)
April could be a key month. Worth a flutter imo.....
I've always said that I'm here for the SA assets and always been hopeful that they turn out to be 'world class'. If the gold price remain at current levels ($2,264) or go higher the finances for our projects look humongous. The only (short term) barrier to seeing these figures reflected in our SP is TK finance!
The SP touched 0.2p (briefly) following the announcement of the Farm Out/JV on 14 Feb but talk of an imminent Placement hit sentiment hard. GOI could happen any time, short term financing is now in place and $2.5M wings its way into the company account on sign off and work then begins, funded by Selan, to monitise Cambay. All good imo...
Yep, risky investment atm with so many shares swirling around. Give it a few weeks and the picture should be a little clearer on the future direction of the SP. Some positive news would help......
路 Synergia will be entitled to bonuses of up to US$ 9 million, linked to future cumulative gas sales thresholds being achieved as follows:
o US$0.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 5 Bcf;
o US$1.0 million, if cumulative gross gas sales from the Cambay PSC exceeds 10 Bcf;
o US$1.5 million, if cumulative gross gas sales from the Cambay PSC exceeds 15 Bcf;
o US$2 million, if cumulative gross gas sales from the Cambay PSC exceeds 35 Bcf; and
o US$4 million, if cumulative gross gas sales from the Cambay PSC exceeds 70 Bcf.
Building a team that is looking post GOI Cambay Farm out & JV approval. Massive potential here.....
路 Both Synergia and Selan are focussed on developing the Cambay PSC Eocene gas and gas condensate reservoir which contains independently certified 2P gas reserves of 206 BCF (as at 1 June 2022)
路 The joint venture unlocks the path to a full field development of the Cambay PSC with a sophisticated and experienced operator-partner
路 In exchange for the 50% interest, Synergia will be carried by Selan through an agreed US$20 million work programme ("WP") comprising 3 new wells focussed on the Eocene reservoir and 3 well work-overs
路 The WP is to be completed within 18 months of the later of GoI approval of the WP or the award of contracts for the WP, extendable by a further six months in certain circumstances
路 Synergia will receive a cash payment of US$2.5 million immediately following GoI Approval. The Company proposes to apply the proceeds of this cash payment towards working capital purposes.
路 Synergia will retain a 50% interest in the Cambay PSC and a 50% share of the future production and revenues.
I see that the gold price continues its rise, now trading at $2,261. This will be great news WHEN we are a producer. We'll be generating so much cash we won't know what to do with our new found wealth...
I agree FiveCandles about our Saudi assets being (potentially) world class and it will be great talking about production and valuations in due course. But, in the meantime we have the small matter of TK finance and further delays in getting hold of the money and we have an SP stuck below 0.6p. That is the reality here until HAA gets the deal across the line....