Member Info for Genghis15

Yes, well put, taylot.

On top of that, from the RNs re KML, "Metal Tiger holds a 2% net smelter royalty over all KML’s wholly owned licences, being seven licences covering, in aggregate, 6,650km2 (together, the “Royalties”) and the main areas. " So MTR has not only a slice of that cake, but a good part of the icing, too.

Excellent. i added here on Wed in anticipation that another ST article would come along soon. Any furthr weakness below 25p I will add again, but don't expext to get the chance.

schlemiel

"The OGA controls what happens in the North Sea - "

Within objextives defined by govt. Ultimately politicians are in charge.

Wrt to the Times article, many thought it clear years ago that RB had access to a tame journo there. Doesn't mean it's not valid, but bear in mind it's more RB's view than the Times' independent view, at least imho.

Cebo

Fair enuff. I'm not geologically qualified, so am only making an investor layman's judgement here. But i think pretty clearly RT's model was wrong (he may still disagree) which makes the whole thing liable to surprises at any time. The absence of any other interested parties tells me the O&G world shares that view, at least for now.

So my view of the R/R balance is that it ain't worth the candle. But we'll see.

Quite,. Nor do i.

Couldn't resist a quick check in here, and see that optimism abounds.

the 2 elephants are ;

1. Will the reservoir continue to flow/ Still highly uncertain.

2. Even if it does continue at c. 10k bpd, latest figs do not show that generating enuff free cash to repay the bonds, so some solution will be needed.

There are, of course, other uncertainties over Spirit, and perhaps more seriously, Bluewater. As if that wasn't enough, I've seen no mention of the flaring consent, originally granted for 3 years only until a gas solution was found.

These are the issues ppl should be debating here, imho, not sitting around ****gng off current or previous BoD.

i am not expert on the matter, but suggest those putting huge value on tax credits do some research. I sspect the rules may be quite complex, and not as simple as writing off one lossmaking field against another. i again suspect that only further development on HUR acreage would yield the full value of those credits, tho, as I say, i am not expert.

Spot on. This bb has become a FB page for a few snipers and drivellers.

Dip, thanks, but I was up to speed wrt the RNSs. Just thought I had missed a presentation.

Thanks again for your help, tho.

Dip, thanks, but that link was to presentation in March........i assumed from the discussion here I had missd something more recent. My mistake, I guess.

I misssed webinar,,,,,can any one point me at it?

Thanks

I stand corrected, it just feels like AIM with all the rampers around, SP volatility, and the constant company PR!

Glengarth, thanks. I, too, am awaiting financial update from the company. Concur with much of what you say, and it is quite possible recent SP weakness is simply a market led pullback. But i am always nervous these cash -ve early stagers are going to spring a raise on me, perhaps verly so ; tho I suggest AIM engenders an abundance of caution!

As always, we will wait and see.....

Myles has said not him.

I suggest you listen to other views rather than drive away those you don't want to hear. However, it's your funeral.

I was rather hoping someone more mature might respond by addressing the points I made, on which i would welcome relevant comment and challenge.

Small beer, mb, but teltive to Mcap, what 5 dilution.

Co has said some will be co financed by advance sales, but a raise will be needed, that's for sure.

Ithe co has issued no projections of when it will turn a profit, ther than vague assertions that the planned increase to 12ktpa would "go a long way to profitability at the corporate level. The commissioning of Vatomina expansion has slipped from Q2 to Q3.
So having raised £6m in dec, £10m in April, all, as far as I can see, committed to the necessary capex, how will we get to possible cash generation in 2024/

The answer, of course, is most likely dilution, and the only question is when.

The coming weeks sounds like September to me, but who knows.

What concerns me now - assuming the permit is granted - is that any jump in SP on that news will be heavily sold into, given the need for capex of $35 to $40M.

y do you want ppl posting "+ve vibes"?

Surely what we all need is informed comment, +ve or otherwise.