Member Info for Genghis15

"the company pays out all it's capital in dividend" It wouldn't last long if it did that....all its income, of course.

TBh i could always draw from my ISa and put it back as I've not used this years allownce. But its a bit of a faff, and I was thinking of moving some to a couple of other good yielding stocks that might have more capital upside. I have kept a smallish holding here, and hey ho, I might change my mind b4 deadline, if it doesn't close early.

I am of similar opinion, BH, but wth much less certainty. Gold and currencies are so unpredictable, and higher intertest rates do not always translate into higher gold prices. And we now have an alternative safe haven in Bitcoin, it seems, or at least some think so.
Personally i don't see how an operation with such a huge carbon footprint can be allowed to continue for too long. But as ever wtfdik.

I am of similar opinion, BH, but wth much less certainty. Gold and currencies are so unpredictable, and higher intertest rates do not always translate into higher gold prices. And we now have an alternative safe haven in Bitcoin, it seems, or at least some think so.
Personally i don't see how an operation with such a huge carbon footprint can be allowed to continue for too long. But as ever wtfdik.

By doing this thru PrimaryBid, they have locked out investors like me who have their funds in an ISA.
Not impressed with this, i would have taken a chunk, but will now invest elsewhere.

6 months at a minimum, often years., from the start of DD. We can have no idea if anyone started DD last year, but it is possible. Given that majors' capexz budgets remain highly constrained, I would doubt that.
Personaqlly, i would be surprised to see a FI here this year, but who knows.

Amen to that.

Of course, WN is the prize, and its taking a HELL of a lot longer than anticipated.

I know no more than anyone, but I wouldn't be surprised if a good result from that sees a deal, or partial deal, pretty soon after. Can't see S&S wanting to hang on too long to an asset of this potential size, tho a free carry of some sort would liklely appeal.

No doubt they are looking at all options, including California.

I think this news completely underrated.

Small beer perhaps, but monetisation is the name of this game, and baby steps show BoD thinking is going the right way.

Imho this is very encouraging news, showing that S&S have a strategy, nd also the contacts to carry it through ; whilst it also shows there is interest even in the parts of our portfolio that on first glance seem unexciting.

Great news, imho.

I think this news completely underrated.

Small beer perhaps, but monetisation is the name of this game, and baby steps show BoD thinking is going the right way.

Imho this is very encouraging news, showing that S&S have a strategy, nd also the contacts to carry it through ; whilst it also shows there is interest even in the parts of our portfolio that on first glance seem unexciting.

Great news, imho.

Timing of EWT is entirely down to Covid restrictions imv. I wouldn't read anything else into it.

Not quiet at all, look at them on Twitter.

What nonsense on here. How can a CPR be assembled with any credibilty until further swells drilled?

Any CPR now would be a waste of money, would remove none of the unceretainty, geological or financial, which now dogs the company and its project.

Get real.

Why do you not want to hear negative comments? If BBs are confined to that, we all become seriously deluded.

We should all welcome challenging views. Sometimes they may be right.

I can't fathom the price diaconnect. The co statement rather obliquely implies that it is down to the limited supply on offer in Warsaw, but the logic of that is not clear to me. I am reluctant to believe such a clear anomaly exists in a vacuum, or that the AIM listing is 7X too cheap.

Puzzling.

Correction , 18 Dec, not 08, .fat fingers...

It is sad to see people here who appear to have done littlew or no recearch, and know little about the company. The attraction of Senx is its newly debt free status, and no one should have put a penny in here without reading the 26 Nov RNS.
https://www.lse.co.uk/rns/SENX/placing-to-raise-approximately-usd20-million-p950awyd995c8x1.html?cmpredirect

As for the bank unloading, the RNS states clearly " EBRD will subscribe, at no cost, for Ordinary Shares, representing 9.9% of the expected issued share capital at Admission (the "EBRD Shares"). The EBRD will have certain information and other rights and has agreed not to dispose of the EBRD Shares for 12 months following Admission", which date was 08 Dec 2020.

So, unless I am mistaken (it happens!) the EBRD cannot sell down its stake until mid June.

Currently 3.465 to buy, NT to sell, on HL.
I came here for a quick trade, but will hold now, and am tempted to add.

"Crazy cheap for the assets at their disposal"

Can i politely point out that the co has NO "assets at its disposal". It has a licence over an are with a PROSPECTIVe resource, CoS 22%, of up to 2bn barrels. This is not an asset you can put on the balance sheet.

Unless and until there is drilling success on surroundomg acreage, what reason is there for a major to rush in?

Which is of little relevance, given WN is neither proven, nor anywhere near production.

All we possess is a hen that has not even laid its eggs yet, let alone hatched them.

Which is of little relevance, given WN is neither proven, nor anywhere near production.

All we possess is a hen that has not even laid its eggs yet, let alone hatched them.