Member Info for formerlyeasyp

The main problems PMG face are:

The lunactic Net Zero "no more" North Sea Oil & Gas licences.

The lunatic UK windfall tax of 75%.

And lastly a degree of over promising or hype over the years from Tom Cross or supporters.

I do not mind a period of quiet and the sp sliding back. The run up was great fun but I would like to see a positive news flow including fresh orders to drive the sp back up.

How deep, how many barrels and what is it worth? Gas is important but the west is facing an oil supply crunch.

Predictions? The next set of results out in November is anyone willing to offer a guess as to where they sit? My intuitive feel is that they will be broadly in line with forecasts which is why I hold a stake here. I view MERC as a low risk play and do not lose any sleep over owning a small stake.

Https://www.lse.co.uk/news/anglo-american-and-mitsubishi-materials-to-work-on-copper-value-chain-ql304ntabss8uog.html

Grasping at straws but yes eventually someone will buy this dog but when and for how much?

Hold TLW but purchased here today as I believe we are rolling into an oil crisis where demand outstrips supply. The UK gov among many run by idiots who are taxing oil producers out of the North Sea while paying to import energy.

Follow the momentum, SRB a buy and hold imo.

Just a matter of patients and patience. Once a few thousand tests have been processed OBD will attract institutional buyers or a bid imo.

The company is circling the toilet bowl folks someone else will buy the asset in due course and make money from it.

0%.....sp rise this morning.

Not 20% or higher but zero.

I sometimes read a piece of news and then go out and buy a share on a hunch. Hence I now have a small stake here because AI and a Synthia which can manage communicationsand translate languages looks very useful. I should add I am 66 years old and actually saw The Rocky Horror Show live in London in 1978 ish. It remains a great show imo.

What if there is a hole in the shed?

What if as fast as the workers dig it out of the ground the shed is never full yet the sales figures and cash in the bank are always below par? What might one conclude?

Money drives campaigns.

If a larger company is more interested in acquiring a copper resource then a JV will go looking for it.

From the FT today:

"The world’s largest copper producers have warned that there is a lack of mines under development to deliver enough of the metal to keep pace with the clean energy transition.

The warning comes as miners struggle with falling metal prices because of the weakness of the global economy and cost inflation, which makes executives, investors and banks cautious over financing new projects.

With labour shortages also holding back new supplies, there are worries over the switch to carbon-free power since copper is vital to manufacture electric cars and upgrade the electricity grid.

Kathleen Quirk, president of Freeport-McMoran, the largest US copper producer, said that higher copper prices alone would not be enough to secure enough metal needed for the world to go green.

“Now it’s not just price. It’s these other factors that really are going to limit how quickly we can develop supplies,” she said, speaking on the sidelines of the FT Mining Summit last week. “What may end up happening is that this [energy transition] gets extended out longer.”

From the FT today:

"The world’s largest copper producers have warned that there is a lack of mines under development to deliver enough of the metal to keep pace with the clean energy transition.

The warning comes as miners struggle with falling metal prices because of the weakness of the global economy and cost inflation, which makes executives, investors and banks cautious over financing new projects.

With labour shortages also holding back new supplies, there are worries over the switch to carbon-free power since copper is vital to manufacture electric cars and upgrade the electricity grid.

Kathleen Quirk, president of Freeport-McMoran, the largest US copper producer, said that higher copper prices alone would not be enough to secure enough metal needed for the world to go green.

“Now it’s not just price. It’s these other factors that really are going to limit how quickly we can develop supplies,” she said, speaking on the sidelines of the FT Mining Summit last week. “What may end up happening is that this [energy transition] gets extended out longer.”

We need some firm news from Sweden to move the sp imo. Talks are all well and good but the Swedish Parliament needs to be seen debating the issue of uranium mining before markets will take notice.

Https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

PAT Africa at the speculative phase? How much gold in the ground? How shallow? How easy/cheap to mine etc.

PAT India maybe different albeit speculative as the grades are apparently high?

FAB share price looks cold and dead at the moment some good news would be welcome.

For me it means a professional investor has looked at the various operations, the audited results and concluded SRB is worth investing money in. That is a considerable comfort to the amateur small punter like me who at best tries to do the same but at a much lower level of competence and experience.

Broadly agree but beware of "events" dear boy.

Like the sudden "war" in Israel/Gaza which will impact the market tomorrow morning. Hopefully the market will quickly settle down but one never knows for sure.