Member Info for EliasJones

Serabi Gold at £21m market cap is just the wrong price, with the strength of gold breathing down $2,000 the sp should be around 50p which is only £38m.

Come Q1 report in 3 weeks or so, if Q4 report last year is anything to go by, there is a big move on the way here. Gold price hunting dow $2,000 and a low AISC.

Stockopedia has Metals Exp as a Super Stock' at a score of 95 almost as high as it gets.

Really great news, positive free cashflow and discovered a potential new pay zone in the Gacheta.

Fantastic news for Arrow, we have encountered seven hydrocarbon bearing intervals and coming on production in 10 days or so.

New zone hit also and straight onto next well.

Dividend payment into shares last week and another ex-div date this week, plus no doubt a capital gain from this level at some stage.

Arrow have spud the RCE-3, a 12 day drill and 10 days to bring on-stream.

Commencing a 10 well 2023 programme.

I3E is one of the best value offers out there, producing over 20,000 boepd in Canada, monthly dividends, 10%, huge acreage and inventory, way undervalued and once tr1 done this will re-rate hard.

Link for live event with mgt

https://www.investormeetcompany.com/pharos-energy-plc/register-investor?utm_source=TWITTER&utm_medium=TWITTER&utm_campaign=PHAR

Huge well for i3e spudding this week.

"We are pleased to announce the start of operations at Serenity where the well objective is to prove up additional volumes of hydrocarbons beyond those encountered in the original discovery well, which alone the Operator considers commercially viable. Serenity is a late-stage appraisal and development asset"

"In Vietnam, further development drilling on both TGT and CNV is due to commence imminently, with the rig on location and preparing to spud"

Auctus Advisors has published a new research note on: Pharos Energy "Re-instating a material dividend"

Auctus estimate c.10% dividend based on current market cap.

Target price 70p
Current SP 24p

Annual report and dividend declaration in September for Pan African, will be going forward debt cleared and huge free cash flow generation, increasing dividends to shareholders.

Definitely stepping up the buy backs at 0.5m day now, picking up the pace before drilling.

Almost half a million shares on the buyback yesterday, mopping up each price point.

Mgt clear as to the value here and stated resuming dividends also very much in their thoughts.

Impressed by Jann Brown CEO fair play, talks about balance sheet strength, share holder returns and “mature high value, rapid payback, high net back assets” in Vietnam and a great set up now in Egypt.

Vietnam drilling set to commence in September.

In H2 we can expect , two additional development wells block 16-1 TGT Field and one development well block 9-2 CNV Field.

Share buyback underway and good levels of current free cashflow generation.

Hopefully head towards the broker target 70p as H2 progressed.

Correction 250% upside #PHAR to 70p

New note out by @AuctusAdvisors on Pharos target raised to 70p + 350% upside from current 20p SP. forecast free cash flow aggreagt to FY23 to be greater than market cap.

Good to see a share buyback now initiated, debt down and cash balance up.

Looking forward to the Vietnam drilling to commence September and in Egypt.

Looking forward to the Q2 2022 Pharos Energy Trading Statement this month and hopefully details of the H2 Vietnam drilling campaign.

“Hole MD-043 is starting to demonstrate the real potential of the Mocoa porphyry copper and molybdenum deposit with assay results returned to date confirming the exceptional grade, thickness and strength of the mineralizing system present in the area. The mineralized system remains open and many other porphyry targets have been identified for systematic follow-up within Libero Copper’s significant land position,” comments Ian Harris, President & CEO. “The Mocoa resource is already the largest copper resource in Colombia and will play a key role in the country’s goals of becoming the third largest producer of copper in South America, a metal that is indispensable in the decarbonization of the world’s economy.”

https://www.liberocopper.com/_resources/news/nr_20220419.pdf