Member Info for flipper56

Https://oilprice.com/Latest-Energy-News/World-News/Shells-Oil-Reserves-Have-Dropped-To-Lowest-Levels-Since-2013.html

Thanks Nikb. The lack of reserves/replacement has surprised me. Strange why Shell persist with buyback. But l see most UK companies doing the same. No point in investing if profits taxed away. Maybe I am wrong but the downward pressure on RKH seems to have subsided. So hopefully can now start moving up.

Https://oilprice.com/Energy/Energy-General/Oil-Majors-Shareholder-Payouts-Are-Under-Pressure.html

It does look a bit grim out there. I think it was said on CNBC this week that for every 6 barrels used, only 1 is being replaced.

I topped up £20k this afternoon when the oil price recovered. Whether that proves a mistake only time will tell. But I can see takeovers on the oil patch becoming more likely.

Prickly - many thanks for passing that on.

Packwood made the right decision selling MILA !.

Going by the Roast podcast, further drilling is still required etc at AFP. But this was always a longer term play which I assume will be sold at some point. But interesting numbers in the podcast which gives us some ideas about current copper valuations.

Https://youtu.be/ALA8QbJxmzw?si=Fmu8CY0cpZNqRJPu

Link for Roast. Happy to leave it in the bottom drawer. Should come good.

Https://youtu.be/ALA8QbJxmzw?si=Fmu8CY0cpZNqRJPu

Some comments about BZT.

I also own TYM and MILA so hope not company related. But probably a positive and a chance to pick up some cheap shares.

Kind off contradicts the statement "at Luansobe its preferred option remains a direct sale of JV which it hopes to achieve during the next 5 months".

My guess is that he realises GLR will partner JLP at Luansobe and no sell will take place. Just my thoughts and happy to be wrong.

Seems a fair price in regards to AFP. I have to admit I feel this dd is taking an age. But I doubt Colin would have bought more on the open market unless he was confident. And he also said there were other interested parties in funding it so hopefully no issue.

Https://www.tase.co.il/en/content/about/tradingdays_change

I might also add, BZT is in the fast lane compared to AFP. I own a lot of those but still kept in the bottom drawer.

Pricey - your post did make me smile. Maybe I should add, July of which year !.

Https://www.mining.com/charts-new-study-shows-global-mining-is-now-a-brownfield-industry/

Https://www.mining.com/charts-new-study-shows-global-mining-is-now-a-brownfield-industry/

JPDM - with the AXX breaking out, do you think it could take RKH to the next level ?

Gordon Brown sold of our gold reserves and bought US bonds. I started buying gold on the back of that decision as it showed he was clueless. I think gold was $300 an ounce at that point !

Doesn't Moxico have a mine near Shinganda ?

Interesting stuff. Thanks. Just seems such an outsider though. JLP etc to me seem more likely. But will take a big rise in shareprice however it comes !