Member Info for Early_Bird

20k shares at 3.3p then its 3.5p to buy!

Weak have been shaken out and now its time to get back over 4p

whats that? 1100boepd NET at $6/cost

$$$

A few holders really are mugging themselves off today!

Mcap once DFS and financing land? £100m+ imo

If they can secure the required $35m capex through selling say 30-35% of the asset this would be sensational.
Such a low Capex, this sort of deal becomes feasible.

Debt also can come in, 122% IRR... incredible payback

plucking numbers out of this air to suit your agenda.

Contract miners come in and pay MNRG a % of their profits. Its their machinery etc so no upfront capex requirements for MNRG, they just take a cut of the profits from the contractor.

Anyway as I say it the oil and gas transaction you need to dig in to research the chap they've brought on board :)

just look at the chart.

As soon as production starts ramping this is going to run and run..

Write up on new asset

https://www.energyvoice.com/oilandgas/africa/213840/united-nears-abu-sennan-deal/?utm_source=twitter

self funding deal and he is likely paid options based at this stage

£18m Mcap with £4m in cash

1100boepd net with 2x infill wells yet to report this year could increase this further

$4m due from Crown asset divestment 2020

Selva 200boepd coming online 2020

Fair value for me at 6p (£36m cap)

That will provide the huge returns here.

Research Pierpaolo Rocco, why they have brought him on board. Looking forward to hearing more

EV here is £20m!

£20m gives you two x very advanced globally significant Ni assets with financing incoming and major billion$ Orion on board already - they could finance the whole mine

Yet on AIM you have stocks with just a few drill holes ramped to higher EVs

Wakey

Recent director buys

Offtakes and next stages of financing news could land any time now

Vermelho JV or part sale a possibility

£25m in Cash which is over half the Mcap!

T/O offer could command 10x uplift

RvR second to none

Fantastic Interview with Brian, that Vox one especially as more in depth!

Wow action packed 2020 incoming, and im looking forward to hearing how this other well comes in before Christmas

Strap in

and its not the gold asset that excites me

GL

£18m MCap

£4m in cash

1100boepd NET from Egypt with drilling to further increase this underway with 2 x wells yet to be reported.

$4m Payment due from Crown divestment in 2020+

East Selva production to come online 2020

Benin Option to farm in

Jamaica Majors in Dataroom - JV decision would be totally transformational

Waddocks Cross Drill Q1?

Other north sea licencing round assets to work up

One aggressive seller providing an opportunity.

Colin Bird ramping it with his director buys?

Has one of the best/stickiest books on AIM, Optiva hold a lot of this stock in house as they know where its going long term.

Worth noting there was huge demand at 4p in the raise then TLW and ECO fell off a cliff during the book build (as well as I3E) meant orders being pulled.. 3p really offers no downside at all that I can see.

I was of course disappointed with the raise price with an average myself nearer 4p but to be honest this will be back over 4p in a flash, even at 4p its better value than all sub £30m Mcap peers.