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Anyone who does not agree with long term holders on this forum either get ****ged off or reported to admin. Some posters even have a go at your kids (because kids use VR headset for gaming and not for watching concerts so they don't like that).
However, today I have enjoyed reading many posts from people who can see what is going on here (or rather can see what is not going on)...
No progress
No effective marketing
No concerts
No Napster subscriber numbers
No regular updates
No ability to make money when most people are stuck at home.
Sub 3p coming.
JG will potentially be a huge influence to help make things happen, but it should not be about JG. The are loads of things they can do without JG.
JG is a millionaire with more money than sense. Buying shares way over the current market price after which LTHs were multiplying the number of shares in circulation by what JG paid and valuing the company at thst amount.
It's just all crazy. JG is just one person probably with a lot more important things to do.
I meant Netflix have old content, but so does this company (back catalogues etc).
Zoom and Teams. People working from home doing great.
Netflix and Sky. People stuck at home doing great.
B&Q, AO World, Ocado. People stuck at home company doing great.
888 and other online Casinos. People stuck at home business is great.
Melody. People stuck at home doing NOTHING!
Albert, like Rikki says it shouldn't take the lockdown to be lifted to create something that proves the business can continue outside of lockdown.
And, Albert, stating nothing is happening because there a lockdown is stupid. That's like Netflix saying they aren't doing very well 'cos there's a lockdown and the actors, crew and directors can't do their jobs. No, Netflix are doing BRILLIANTLY because of the lockdown. Netflix have old content, but does this company. But Netflix are also still releasing new content too.
So why can't this company do the same?
I know drilling is expensive but it doesn't cost 3/4 of a million per hole.
And how did they get a JOTC approved resource estimate without drilling.
I'm looking for my next GGP. I definitely need to do a lot more research, but this is certainly encouraging.
My subject said 4.5 but I actually meant 2.5.
Are there any more up-to-date figures since January 2019? I know gold has certainty risen a lot since then.
During todays interview (at 23m) Tony talked about the Beutong large porphyry project. He said it had 2.5m tonnes copper and "about the same gold". Asiamet have 80% equity interest.
A Jan 2019 Mineral Resource Estimate said there was 2.43Mt copper and 2.11Moz Gold (so in todays interview he meant ounces for the gold).
At $8,144 per tonne for copper, 2.43m tonnes would be worth $19.79 Billion. 80% is $15.8 Billion.
Gold at $1,700oz, 2.11Moz is worth $3.587 Billion. 80% of that is $2.869 Billion for Asiamet.
Yes, they need to dig it up, but is Beutong really potentially that big?
Spot on Rikki. "I find it extraordinary that, with this new asset (Napster) they still can't think of something good to say to the press, beyond bland company pr. I haven't seen anything directed at customers or potential customers. No excuse for keeping investors in the dark".
They could give monthly income estimates for Napster subscribers. We Are in a 3rd national lockdown. Most of the UK (most of the planet!) are stuck at home and this company haven't managed to do anything much to capitalise on that. The main benefit of their product / service is that you don't have to leave the house to be able to take advantage of their shows, concerts, theatrical performances which you can watch from the comfort of your armchair which is where most people ate sitting most nights.
Shocking!
There is a link on the page below that shows pricing plans (plans and pricing page) but when you click on the link you get an error.
Try it.
https://help.napster.com/hc/en-gb/articles/213269147-How-do-I-sign-up-for-Napster-
Remember the highlights from 7th Dec RNS. At $50 a barrel, 2,500bopd is $125,000 per day or $45.6 million a year.
So even if this was a duster, they could still potentially generate $45 million a year revenue.
This year they also plan to drill Saffron #2 in Trinidad and Tobago and do the Weg Naar Zee extended well test in Suriname.
Even in a worst case scenario they wouldn't go bust overnight.
RNS 7th Dec
· Achieved production target of 500 bopd by end of 2020; end 2021 target remains at 2,500 bopd
· On track to deliver extensive 2021 drilling campaigns; commencing with Saffron #2 in Trinidad and Tobago, and Weg Naar Zee extended well test in Suriname
· Delivered certified 2P reserves and 3C resources targets; seismic reprocessing and drilling to drive further restatement in Q2 2021
· 100% owned Perseverance #1 exploration well, targeting recoverable P50 prospective oil resources of 0.77 billion barrels and with an upside of 1.44 billion barrels, commenced on 20 December 2020 in The Bahamas, with drilling ongoing
Kevin55 sums it up.
They're not finished drilling.
Lombard are derisking to get an immediate profit on SOME of their shares.
This is an oil producing company who already have an income stream selling oil.
Yes, they need success in the Bahamas with this project, but it's still early days with this drill.
Share price should start to rise closer to the 45 day mark. Hopefully Lombard will have some risk appetite and won't sell millions more.
£79k sold and £969k bought.
That's a 12 to 1 ratio.
So 12 x as many shares bought than sold but only 3.4% up.
Perhaps being held back to let the boys in?
I know many of their concerts and shows are "pay as you go" so a certain amount of future revenue is difficult to calculate, but now they have the Napster subscribers, what is the monthly recurring figure for that?
Just got quote 9.7p now.
Ask gone from 12p to 9.7 down 19% in 10 mins
RNS at 12.38.
Company states they know of no reason for the rise in the share price.
1) Solid subscriber figures. Current, real figures. I know many of their concerts and shows are "pay as you go", but what is needed is solid monthly subscription numbers along with accurate revenue figures. The Napster deal should allow them to provide this information.
2) Another confirmed deal with anything or anyone who is credible.
3) A real, accurate performance schedule of forthcoming events, gigs, concerts with bands people love to see.
All or some of the above is what is required.
Let's be honest, this company have never been good with revenue figures. Too much jam tomorrow.
Dan, you make out your an experienced investor, but you are a hoper, not an investor.
In July you said "I sold several million GGP at 0.9p after years of holding them to get bigger in here as I thought Melody was gonna go crazy a few years back but it didnt... GGP is now 12p"
They were 36p the other day. Up 3x from June. You still had the opportunity of a 3 bagger in June and could then have come back into this share if you still really believed.
Wow, a few million would be worth, Erm... £720,000 at 36p! I feel your frustration mate, I really do, especially being engaged, I bet you could do with the money.
There's a great app where you can groom dogs, just like Suzanne does but in VR.
It's all about the games.
It's great to hear from you and thanks for un-filtering me but I'm sure there is no need to be so rude.
As per my usual posts I am just stating facts, proven facts. I am not predicting the future or deramping.