Member Info for EliasJones

Pharos Energy goes ex-div next week on a 4.5% dividend payment.

Actus Advisors report last week target price 55p noting flow rate at new Vietnam well above expectations.

Impressive agreement with Trafigura which would have been achieved as a key piece of work with our new Chief Financial Officer.

I am sure this agreement with Trafigura will play a part in the achievement of performance targets set for Jason Dranchuk to qualify for 3m stock.

Vesting is subject to the achievement of performance-related milestones as follows:

- One-third upon achieving production of 26,000 boepd;

- One-third upon the addition of 5,000 boepd via acquisitions; and

- One-third upon the addition of 25 MMbbl of 2P reserves.

50dma has crossed the 200dma, trend upwards and momentum building and a big H2 coming up for the co.

That was one of the best I have seen. With what is to come, with Andrada I can't see anyone giving up any shares unless desperate. So much info given. Clearly as the CEO notes the lithium interest from across the globe in the asset is off the scale and in his own words its an opportunity of a lifetime.

@we’re very confident in the expected outcome of our 2023 drilling program and that is expected to deliver peak production of around about 26,000 barrels of oil equivalent per day in Q3-Q4 of this year."

https://themarketherald.ca/i3-energy-building-oil-and-gas-assets-at-good-valuations-in-canada-and-the-uk-north-sea-2023-05-11/

I3 Energy at £220m/18p and 11% monthly dividend is undervalued.

CEO interview with stockhouse below worth watching, peak production Q3 targeted to hit 26,000 boepd

https://themarketherald.ca/i3-energy-building-oil-and-gas-assets-at-good-valuations-in-canada-and-the-uk-north-sea-2023-05-11/

One thing is absolutely certain that Barclays must be very confident, convinced and impressed with what they have seen and approaches to get involved as a strategic financial advisor to the lithium development programme.

With so many approaches to Andrada Mining and Barclays now involved to wade through them.

Based on the interest I can see this escalating to one or more takeover offers, current cap £88m, offer would have to be +20p imo. ATM are sitting on a world class lithium resource with all licences on place.

Impressive Q1 figures, EBITDA for the quarter was $150mln with a realised cash margin of 54%.

Diversified goes ex div 25 May 3.55p, paid quarterly, 14.2p annual or around 16% dividend yield on todays sp 89p.

Also have income hedged at over 85% in 2023, 80% in 2024 and 70% in 2025.

Mgt get options when the average share price stays over 7p, 8p and 9p for 60 days.

Set yo get very interesting here, no doubt following the FT article a few weeks ago where ATM were mentioned that the Chinese will be sniffing in that 'numerous approaches' pack.

We are sitting on one of the biggest lithium deposits in the world.

Also worth noting from the RNS that Gold recovery was a quarter record of 93.4%. Based on Q1 as a barometer we are looking at gold sales of around 85,768oz and revenue upwards of $165m.

Current spot price is now over $2050oz, and our latest AISC in Q1 was $1,170.

With such a low AISC Metals Exploration will be generating substantial free cashflow for years to come.

Metals Exploration is now on a fantastic footing, as indicated by the CEO in the investors meet last year they are hitting a higher grade zone in 23/24 and a very high gold price.

We see from Q1 that cash reserves is now increasing and debt coming down substantially, this positive cycle will accelerate as the year goes on.

Very good Q1 performance Gold sales 21,442oz with revenue of $40.5 million.

If we continue around these sales figures and the average price of $1,877 for the year, we are looking at gold sales of around 85,768oz and revenue of $162m.

The Q1 AISC was $1,170, this is in the lower quartile of producers globally and we are in a very healthy position generating substantial positive free cash flow.

Is the gold rally here to stay? 14 small cap gold miners worth watching

https://total-market-solutions.com/2023/04/is-the-gold-rally-here-to-stay-14-small-cap-gold-miners-worth-watching/

128% upside to the 73p broker target.

We are totally the wrong price here compared to our peers, huge upside.

Reserves at current production for 23 years.

2PDP NPV up 50% to 36p share
1P NPV up 43% to 43p share
2P NPV up 56% to 81p share

With the free cashflow being generated here, 2023 is going to be transformational for Metals Exp and special, reminds me of where AAZ were and how that story changed.

Expecting a positive RNS next week when the Full Year 2022 Earnings is Released. Was due Monday but more than likely will be Tue due to Easter Mon. 

It was a transformational year for I3 Energy and this full year release will prove that.

Watch systems get updated and I3E get upgraded and recommended.

The low AISC makes a huge difference here, as people realise the value here following Q1 update soon this will be going much higher than the current market cap.

Serabi ended 2022 with around 2,000oz higher gold production than forecasted. Q1 23 update expected soon, this year is set for increased production coming from the new Coringa as well as expected improved gold output from Palito and within a high gold price environment.

Also as a side show the planned greenfield exploration programmes following the discovery of the Matilda copper porphyry is one to watch.