Member Info for GettingBy

http://gorozen.com/research/commentaries/3Q2021_Commentary

This is always a thought provoking read that I would recommend people take the time to immerse themselves in.

"The Energy Crisis is Here
The Incredible Shrinking Oil Majors -- Part 2
Natural Resource Market Commentary -- 3rd Quarter 2021
Running Out of Global Pumping Capacity
Natural Gas: From the Cheapest Energy in History to the Most Expensive in 12
Months"

http://gorozen.com/research/commentaries/3Q2021_Commentary

This is always a thought provoking read that I would recommend people take the time to immerse themselves in.

"The Energy Crisis is Here
The Incredible Shrinking Oil Majors -- Part 2
Natural Resource Market Commentary -- 3rd Quarter 2021
Running Out of Global Pumping Capacity
Natural Gas: From the Cheapest Energy in History to the Most Expensive in 12
Months"

Hi, am new to this board and may ask some prickly questions (to some) over coming weeks - I do not mean offence (check my post history) I am just looking to further my knowledge on this stock.

Glengarth can you please share the math on your ~£30m revenue assumption.

Many thanks

Have sold my entire holding that I bought at the start of this year. I'm pretty happy, but don't feel too much emotion with my investing.

I was expecting it to take a couple of years to get back to this price, but had confidence over a ~5 year period it would get to over £3.

I'm also a lot more pleased with this take over offer than the Bacanora Lithium take over offer where the directors really screwed shareholders (though I only started owning those shares in early March).

Onwards and upwards!

There are 3 compelling charts in this link that are highly supportive of once in a generation M&A activities in the gold sector this decade https://www.crescat.net/december-research-letter/

"Gold Supply Cliff" at the top of the page
"Gold Discoveries" a fifth of the way down
"Gold Miners Free Cash Flow Yield" a third of the way down

"the underinvestment in most of the last decade in the gold mining industry will soon send the majors scrambling to invest their near term soaring free cash flow in the most prospective new gold and silver deposits being explored today. These properties are in the hands of the extremely undervalued and ultra-depressed small cap segment of the mining industry, the junior explorers, a group that has been through a brutal, capital starved bear market that effectively lasted ten years. "

https://www.afr.com/street-talk/gold-fever-ramelius-launches-at-apollo-bellevue-bankers-up-20211017-p590ni

ASX-listed Ramelius Resources is going for gold at Apollo Consolidated, as a new wave of M&A is set to sweep through Western Australia’s goldfields.
It is understood the Ramelius Resources, one of a handful of mid-cap Australian gold plays, has made a whole of company bid for the under-the-radar Apollo Consolidated, and spent the weekend in talks to advance the potential deal. Ramelius Resources is said to be keen to get its hands on Apollo’s flagship Lake Rebecca Gold Project, which is a 1.1 million ounce discovery located about 150km east of Kalgoorlie and billed as “one of the few genuinely new development opportunities in Western Australia’s Eastern Goldfields”.
Ramelius Resources is understood to have seen off a handful of other potential suitors - such as Silver Lake Resources - to emerge in pole position to agree a deal with Apollo Consolidated’s board. The board’s wants north of $160 million, sources said. Ramelius Resources has plenty of cash to strike. The group had a $234 million in cash and gold as at June 30, and analysts expect that number to have increased to about $270 million by the end of the September quarter. It’s been shopping to try to re-stock its own reserves, notably at its Mt Magnet and Edna May projects, and has flagged to potential targets that it’s willing and able to execute quickly on transactions.
The big question is whether Ramelius Resources can get Apollo Consolidated’s board, headed by Perth lawyer Roger Steinepreis, over the line. Analysts reckon it’s been happy to stay below the radar, but will now have to switch strategies to maximise an offer. Ramelius Resources and Apollo Consolidated declined to comment on Sunday.
It comes as expectations build about a flood of gold sector M&A deals, as cashed-up mid-cap players looking to pounce on smaller neighbours. Already in recent weeks, St Barbara has made a move on $100 million junior Kin Mining, while Westgold Resources is trying to swallow Gascoyne.
There’s also some tyrekicking going on at the bigger end.

https://www.afr.com/street-talk/gold-fever-ramelius-launches-at-apollo-bellevue-bankers-up-20211017-p590ni

ASX-listed Ramelius Resources is going for gold at Apollo Consolidated, as a new wave of M&A is set to sweep through Western Australia’s goldfields.
It is understood the Ramelius Resources, one of a handful of mid-cap Australian gold plays, has made a whole of company bid for the under-the-radar Apollo Consolidated, and spent the weekend in talks to advance the potential deal. Ramelius Resources is said to be keen to get its hands on Apollo’s flagship Lake Rebecca Gold Project, which is a 1.1 million ounce discovery located about 150km east of Kalgoorlie and billed as “one of the few genuinely new development opportunities in Western Australia’s Eastern Goldfields”.
Ramelius Resources is understood to have seen off a handful of other potential suitors - such as Silver Lake Resources - to emerge in pole position to agree a deal with Apollo Consolidated’s board. The board’s wants north of $160 million, sources said. Ramelius Resources has plenty of cash to strike. The group had a $234 million in cash and gold as at June 30, and analysts expect that number to have increased to about $270 million by the end of the September quarter. It’s been shopping to try to re-stock its own reserves, notably at its Mt Magnet and Edna May projects, and has flagged to potential targets that it’s willing and able to execute quickly on transactions.
The big question is whether Ramelius Resources can get Apollo Consolidated’s board, headed by Perth lawyer Roger Steinepreis, over the line. Analysts reckon it’s been happy to stay below the radar, but will now have to switch strategies to maximise an offer. Ramelius Resources and Apollo Consolidated declined to comment on Sunday.
It comes as expectations build about a flood of gold sector M&A deals, as cashed-up mid-cap players looking to pounce on smaller neighbours. Already in recent weeks, St Barbara has made a move on $100 million junior Kin Mining, while Westgold Resources is trying to swallow Gascoyne.
There’s also some tyrekicking going on at the bigger end.

Joe Biden on Day 1:

Shut down the Keystone XL pipeline.

Joe Biden on Day 266:

Begged oil companies to lower energy prices.

Guess I shouldn’t complain too much as he’s assisted in ramping up the oil price and handing pricing power to OPEC.

Joe Biden on Day 1:

Shut down the Keystone XL pipeline.

Joe Biden on Day 266:

Begged oil companies to lower energy prices.

Guess I shouldn’t complain too much as he’s assisted in ramping up the oil price and handing pricing power to OPEC.

https://www.zerohedge.com/markets/yet-another-worry-price-ship-fuel-soaring-highest-2014

One can only conclude from the price action yesterday that insider trading takes place in this stock. It hasn’t been as apparent to me previously.

It would be much appreciated if someone could please post the ft article in full. I cancelled my subscription in 2016 after it was clear Brexit derangement syndrome was having a significant negative impact on their content

Other O&G stocks are have huge leverage hence their share price is more sensitive to price of oil movements. That coupled with a lack of awareness of just how much of a gem JSE is and you get what we are now witnessing. However, medium to long term will be a different matter for JSE in my opinion. If you’re invested over that period I’d focus more on the weekly chart.

Thought this chart would be of interest to some

https://twitter.com/TaviCosta/status/1430015842108928001?s=20

Am not into twitter as it’s full of lunatics and weirdos, but I was sent the below and the picture in it made me laugh...

https://twitter.com/EnergyCynic/status/1425442402970394630?s=20

I may be stating the obvious, but those new to JSE need to read MT’s posts for great insight into this company.

Also, this presentation gives a huge amount of detail on the Modus Operandi of the company along with the attributes of key personnel. For those concerned with rapid depletion JSE have an experienced team with a track record of significantly extending the life of their assets. I would thoroughly recommend watching the 43 minute mark (actually the whole presentation goes into great detail on the business plan and operations of the company) onwards of this presentation which details how they do it
https://webcasting.brrmedia.co.uk/broadcast/5e4eaf986d91c26b10a745eb/5fbadd708d5436050b918ec7

Glad you posted this link Porschefund, the quarterly Goehring & Rozencwajg newsletters are an absolute must read for those interested in O&G and other commodities sectors. These and Crescat Capital’s newsletters are really thought provoking.

There is a bullish divergence of MACD histogram and lines to price. This is not an endorsement to buy or sell. Do your own research etc.

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Apgm&time=10&startdate=1%2F4%2F1999&enddate=5%2F17%2F2019&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=2&maval=26&uf=0&lf=4&lf2=1&lf3=2&type=4&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=43&y=7

I still can’t believe how many people are seduced by this green nonsense just because the main stream media propaganda machine ram it down their throat. Money will always be attracted to a place that makes a superior return. Anyone who thinks the financial world will suffer the inferior returns of the infrastructure plays that is the renewables sector at the expense of the O&G sector are deluded and not in tune with economic history (i.e. money may sometimes virtue signal, but it will always focus on the areas that deliver the superior return).

Regarding raising finance in the O&G sector - this sector is notoriously cyclical. When a bear market like the past few years happens capital dries up. When it’s a boom capital is too easy to get. This won’t change folks.

https://seekingalpha.com/article/4436929-the-case-for-a-longer-term-oil-and-gas-bull-market