Member Info for GingerHippo

Can we not do this again please.
The directors can do whatever they want with their own money.
It's not for us to insist they buy stock.
If they want to go on holiday, buy a second home, a lambo, whatever, that's their business not ours.

Re share buyback, that's something a company does when it's not sure what to do with excess cash. We don't have that problem. The cash is being reinvested back into the business. They're doing exactly what they're supposed to.

It is quite quiet.
I quite agree.

150p+ here is inevitable.
With free cash flow being what it is right now, our cash position will just go up and up.
At a certain point the share price has to follow.

I'd suggest you take a step back and look at the bigger picture.
You're pinning everything on the sale.
It's clear from the BoD that the sale is progressing nicely.
Maybe not as fast as we'd like, but progressing nonetheless.
Unless you think the BoD are lying, which I don't think you're saying.

But try leaving the sale aside for a second.
Look at the resources. Look at the valuations put on similar resources around the world, and by WA. Look at the demand for our metals and the response in prices. Look at the hydrogen deal which is very obviously moving ahead. Look at the JVs and contacts we have, with so many highly experienced professionals connected. Look at the size of our advisers. Look at the job our CEO left behind in order to join us. I could go on.

Now put those on one side of the scale.
And put the argument "this isn't how I think a sale should go" on the other side of the scale.
If you conclude that the scale comes down in favour of shorting this stock, then I really don't know what to say.
IMO that's a completely crazy conclusion to come to.

I make our basket price today $3,254, comprised of:
$16,700 for Rh
$2,153 for Pd
$1,030 for Pt
$1,838 for Au

CT, we know that production went down for a while, based on known production for Q1-3 and the guidance for the year.

They then said it was 2000 boepd in November, so I'm hopeful that means the issues were resolved.

Even so, my expectations of H2 2021 are low. I hope we made a little, but I'm not expecting much.

H1 2022 however is different. If we are going into the year with 2200 boepd or so, at higher oil prices and are reinvesting that into more wells this year, it points to a very bright future indeed.

The company said in November they are working towards 4000 boepd in 2023/24. Oil at say $85 (likely to be higher) I calculated our net profits at about £18M for the year, which is roughly our current mcap. No way we wouldn't be much higher in such a scenario.

Not getting ahead of myself though. 4000 boepd is a ways off. But the fact that the BoD are aiming high suggests that increasing production is very possible and we're not just treading water (excuse the pun).

Have to admit I misread that a little.
You said half a year, not a year and half.
My Apologies.

"I am hopeful of a positive outcome here, but FFS it's been half a year since 'shortly'"

That is not correct. The company never said the sale would be finalised shortly. The "shortly" we're waiting for are the rest of the JORC reports, and it's been a few months, not 1.5 years.

"and everyone is running out of patience"

Again, not so. By everyone you really just mean yourself. You don't know how everyone else feels.

My guess is that ppl running out of patience are overweight here and have not exercised investment discipline.

"Index funds for me from here on out, I don't need the mental burden of this penny stock trash"

I reckon you'll change your mind when you see the significant divi. Shortly.

Sorry, couldn't resist that last one.......

We were at 2000 boepd as at 29/11/2021, according to the company's tweets.

Two weeks ago another c. 132 boepd were added from AJ-13.

With more to come.
And oil going higher and higher.

Rift, the problem with the way you've calculated it there is that it doesn't match the interim financial statements.

Try it. Run that calculation on H1 2021 and see what comes out and then compare it to the actual accounts. You will see that you've over-estimated.

Vista, if this was WhatsApp or telegram I’d gladly post a screenshot of my spreadsheet. But we’re on lse and I’m not going to retype it all.

Long story short, look at the interims to see what revenues we’re actually getting and what our costs are, and work through how that translates to current production and oil prices.

Because ppl have been calculating too high since before I even joined the bb.
In fact I made the same mistake in my first post here.
But look at the actual figures in the interims to see why my figures are lower.
They’re still pretty good though.
I’m very excited about united’s future.

I've had to revise my figures because oil has gone up more than I thought it would.

Assuming 2200 boepd in H1 at $90 average, I make that about $10.5M net revenue, $6M gross profit, $2.5M net profit.

Good chance we'll have higher boepd since there are more wells being targeted.

Also a good chance that oil will go beyond $90 before the end of H1.

That's £3.65+M for the year. At PE of 10 we should be double where we are now, based on Egypt alone.

United targeting 4000 boepd which would give us multiples of the above.

At the following prices I calculated our basket price at $3,238, that's 11.7% higher than Sep 21 basket price.
Rh - $16,500
Pt - $1,100
Pd - $2,000
Au - $1,800

I'd suggest that were you to miss the significant divi, the question of whether or not to take a dump would prove itself moot........

If you do sell, think ahead and buy yourself a new pair of pants.

I always thought the drop after the delayed revenues RNS was overdone. Nice to see it bounce back somewhat and stay there.

The address of MSP Company Secretaries. They presumably act as the registered office for hundreds of companies.

Hate green coffins.
Love green hydrogen.

Metals prices assumptions implied EUA EV sensitivity:

• New EUA EV £3.5bn - metals ACF price assumptions.
• EUA EV £3.7bn metals av. prices 2021.

Our trading multiples analysis (previous note) includes a Rosgeo JV asset
resources estimate - suggests an EUA valuation of US$ 10bn + (£7bn +), subject
to further JORC results.

EUA’s share of Monchetundra flanks 40 Moz could be worth more than £3.3bn
alone and before any added contribution from the vast Rosgeo JV Formal
valuation to capture tax and NKT JORC, likely in next note.

I searched for the INN number mentioned.

Found nothing.

I wouldn't take note of such a tweet.