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Great rise yesterday. Good steady buyback too.

Yep. Steady ship. Another great yielding dividend.

Price should be late 70s to be in line with the treasury rise. Add in a stead ship update, where the hedging effect shows a positive balance effect this time round... We'll See.

Just over two weeks before Ex-Div on the 30th, and the SP still can't break through the 16s..

17p at least, surely before then.

Hi Judge-Mental. Isn't the whole point of dark pool trading to keep their block trading prices away from public markets so as not affect a share price ?

Can you explain how dark pool is effecting DEC and to what extent ?

Jeez. What a total shambles. You have to wonder if this was a plan all along.

Are those big shareholders going to have a private auction amongst themselves and the winner hand the HZM BOD some fat brown envelopes for all the trouble. Retail will get obliterated.

Can't believe I averaged down at 18p.

Chart-wise. A price walk down (like last December) to 108/109 would be in keeping with the long term trend line on the chart. Good for any DRIPs with our divi expected 24th November.

Any lower would be a break downwards, I missed buying in May as I kept waiting for prices in the late 80s, but that 95p low in May now helps to plot the long term trend.

OK..

The most interesting thing about that then, would be that US interest rates have only increased by a quarter of a percent since July.

https://ir.div.energy/presentations

September's corporate presentation, page 32 shows the current debt pile going by 2031. With that quarter of a point, then this will surely not be much different.

It shows the debt repayments going down but still needing some large repayments of over $170m a year in 2027 and 2028.

Assuming that declination rate of 10% (which would result in an exponential curve rather than a linear) means gas production (using 863 as the start, page 3 of last earnings presentation) year by year to 2031 would be

2023, 863 MMcfepd

2024, 777 MMcfepd

2025, 699 MMcfepd

2026, 629 MMcfepd

2027, 566 MMcfepd

2028 ,509 MMcfepd

2029, 458 MMcfepd

2030 ,412 MMcfepd

2031, 371 MMcfepd

Meaning... That the production and so also revenue in 2031 would be 43% of what it is now, that's assuming similar gas prices, and without any debt to pay would surely mean some very chunky dividends. Rising gas prices would blow this out the window with a much healthier position.

The only question IMO seems to be if those debt repayments of around $170 can be sustained if gas production is in the 400s and 500s of MMcfepd.

By then though, there would be more wells once a better SP has been reached, higher gas prices, and so more revenues and production.

The results on Wednesday IMO look like they'll show a steady ship, and another dividend will be announced to bank.

Let's hope as holders it also results in better sentiment and a turning point for the SP.

The production decline is stated as 10%, which is fine but it intuitively feels as if their debt should decrease at the same rate or more IMO.

Before I start scrawling all over my pad of A4, has this been discussed on here recently with respect to when DEC would need to increase their production assets to keep up dividends and debt repayments ?

Also.. Apart from the share price and market cap. Is the new presentation really going to be that much different to the one from only two months ago ?

It's a very small gap in time between presentations which brings the question if this is being done because of the sell down and low SP, just a numbers update, or some sort of significant change.

I do expect there will be more significant income expected from well plugging, light shone on their buyback intentions, and more details of hedge contracts with respect to debt repayment and income streams.

Its because production is creeping back up.

The power cuts that caused the 15% drop in gold production earlier are getting lower. Only 2.5 hours today. Link to load shedding schedule is in my post below. Once Power is 24 hours again, expect the SP to drive to the 20s. All IMO

Stifano and Sprott seem to have taken GAL from half decent miner of 12k + ounces a year, to mining nothing, drilling nothing extra, but the company has become the means to issue shares, pay directors, probable kick backs on all that drilling for nothing, probable kickbacks on all those experts analysing nothing, a mining plan that might never be delivered and all the while new and weird means to attempt to boost the share price and liquidity.

Surely the market is not so stupid as to fall for this nonsense, I'm thinking of Pure Gold and Rambler and realise the market IS stupid enough to fall for this kind of nonsense, over and over again.

Let's just remember that before Stifano and co, GAL had a mining plan, that was a stage away from being a BFS, they had a shop that bought in cash, and they had processing on site to the tune 12000 plus ounces a year. they raised all the money necessary... But now of course in typical Pure Gold or Rambler fashion, not enough.

Rinse and Repeat.

I just hope there will be enough suckers to buy these shares to make some sort of spike up.

I wlll be out, at a loss but out and watch the rot set in slowly from afar.

Constant seller, priced as a disaster.

We keep looking, and we're all none the wiser.

DEC and the FTSE 250 have tracked the treasury trend recently, but the DEC SP should be around 74/75 to keep on trend. Due an uptick...

We'll see.

Hi Damofarl.

Wouldn't worry, I've registered many times with my company name, that in reality has nothing to do with investments, for all kinds of different webinars/calls etc and I've even asked questions and had them answered without appearing unprofessional. I make a fair chunk of my living from investing, I guess many on here do, which is a basic definition of doing something as a profession. I see it as they are just trying to filter out the herd of un-researched quick profiters.

I'll be away for Thursday, but are we really expecting anything drastic ? I doubt it...

The thing of note for me with TORO is the seemingly slowly increasing discount to Net Asset Value of the market valuation.

Https://www.velocity-composites.com/docs/OctoberInvestorPresentation_161023.pdf

My highlight is page 11

Current Contracted Business $36m - $43m Annually

Current 3 Facilities Support $85m Annually

Potential Pipeline $250m Annually

Near term growth supports 10% EBITDA and 25% return on capital

Expected to fund further investment through profits

Velocity has identified the following long term opportunities that are not already included in Velocity’s contracted business:

Customer Estimated Annual Opportunity ($m)

Qarbon Circa $25m

Safran (Additional) Circa $25m

GKN (Additional) Circa $25m

RTX $50m +

Boeing (all US Sites) $50m +

Gulfstream Circa $20m

Spirit $100m +

"The market may just take the view that no more hikes = DEC’s model is affordable"

Exactly Trek, that's my thinking. I piled in this morning to be overweight a few minutes past 8.

The next US rates meeting is the second week of December. I would not be surprised to see DEC back to the 80s by then, and with a ex-div day end of the month, IMO the sentiment will have turned.

We'll see.

Treasuries shot back up with the rates staying the same and the "relatively strong US economy". For DEC to be in sync again, as it has been recently, the SP would be back to the early 70s (73-74).

A potential 10% on offer depending if there is a gap up at 8am.

All IMO.

Article from last week. Though not even a blip upwards on the SP which is annoyingly more than 10% below the recent offer price. Lets hope Jon Bridges, Kevin Hickey and the team have a good update up their sleeve. End of December is the next trading update.

Leading composite material kit manufacturer, Velocity Composites, has joined an elite group of aerospace companies that have successfully completed the National Aerospace and Defence Contractors’ Accreditation Programme special process audits to the highest level.

https://compositesuk.co.uk/velocity-composites-passes-aerospace-audits-with-flying-colours/

Also

https://www.lancashirebusinessview.co.uk/latest-news-and-features/velocity-composites-strengthens-senior-team

Question...

I saw Richards Bay price go down around lunchtime, breaking the trend, so sold my shares here at 760 (but forgot to close my IG Index position which is a pain but my position is small).

Checked back a few hours later and say that the SP had followed, also breaking the trend.

So.. Does the SP here lag the trend of coal by a few hours on movements all the time ? Or just this once ?

If it is regularly there clear opportunities to trade here.

Oops. Net debt not debt. that will teach me for reading the rns on my phone whilst still half asleep. Still alright though. Steady as it goes.