Member Info for GingerHippo

@15:35, He didn't quite guarantee no placing. What he actually went on record saying was "we do not need to raise cash."

I made a mistake in my previous calculation. Yesterday's RNS said "United's net production from the Abu Sennan asset as a whole likely to rise to over 2,500 boepd in the coming weeks"

6600 per month is hedged. 2500 per day is 75,000 per month, so 68,400 un-hedged:

(6600 x $60) + (68400 x $40) = $3.13M per month
x 0.43 = 1.35M
less (75000 x 6.5) = $860K
Which is £660K per month
£7.9M PA gross profit

Admin circa £2M

So net profit of around £6M

6600 per month is hedged. 600 per day is 18000 per month, so 11400 un-hedged:

(6600 x $60) + (11400 x $40) = $852,000 per month
x 0.43 = 366,360
less (18000 x 6.5) = $249,360
Which is £191,815 per month
£2.3M PA net profit

Thanks. I'll read it after work

Lev, I got the mcap from HL.

I don't read Twitter at all.

I am reading Badger's posts since he told me about the 57% charge. I didn't know about that because it doesn't say it in the accounts which I read on Sunday.

So you're saying 600 x $60 = $36,000
x 0.43 = 15,480
less (600 x 6.5) = $11,580
Which is £8,907 per day
£3.25M PA

Thank you Badger. That was helpful.

2500 boepd @ $60 per barrel with $6.5 costs = $133,750 per day
After EGPC takes 57% that's $57,513
For UOG thats $12,653 per day
$4.6M PA
About £3.5M PA Gross profit.

Admin expenses circa £2M.

Net profit £1.5M PA

Fair mcap should then be approx £22.5M on this basis alone. Currently £9M.

Yesterday's RNS implies that boepd will increase to 8700. That would make gross profit £12M PA, net profit circa £10M. SO all I see is decent downside but impressive upside.

This doesn't even touch the revenues from Italy.

And I'm leaving out Jamaica too due to uncertainty.

Levi, when was another 273M shares issued?

This year's accounts showed revenues of NIL. SP 6 months ago - 3.5p

Next year's could well be showing revenues of £12M. SP now - 2.7p

Nuff said.

We got one less than 2 months ago

No

Say a company had a license on land with no resources, but the exclusive option to apply for a license on the flanks with an estimated 25M oz of PGM. How much would that be worth?

I think this should be added to all calculations of the value of 15M oz.

If he knew something you don't he wouldn't be able to buy or sell at all

05/08/2020

Was already priced in. We knew this was happening for months.

The resources are substantial. We just need the funding.

M&A could refer to the entire company or to one or more of the subsidiaries. EUA doesn't own MT directly, it owns 80% of the subsidiary company that owns MT.

Well that is like, your opinion, dude........

Most of us don't want trading to resume. Just to stay listed for now.

DC, don't take it personally

@13:06, what are you talking about? The RNS referred to media speculation. To what do you think they were referring?