Member Info for gotabesirius

Many thanks Hunter, a pint owed!

Yes, there is...

I think there is a way to claim some of this back on an annual basis. Anyone know how we do this? Thanks in advance

Probably short..... If you can take a short out on this company? If so he better hurry up and close it out!

Have you got a reference to the cost of this well?

Imagine if we get a TR1 this week with AE over 30%....

Great post MT.

However I'd like to offer an alternative scenario...

AE realised that ARS share price significantly lagged the value of the deal. They were willing to pay ARS circa £120m for a deal worth at least 140% of the peak ars valuation. Why would they do this when they already have a 20% holding in ARS. It would make sense for AE to perhaps offer ARS a price of circa 6p a share for the entire company which would be £30m cheaper than the deal on the table and they get Beutong for free... And given current circumstances I'm sure existing shareholders would take that...

Not all is lost here... Anything but

Who says Invesco are still selling???

Where's the 200 day ma?

Yep, it’s totally back to front, especially as it’s mainly gas which tends to be lower other summer /autumn. Trying to see if I’m missing something re forward earnings for 2022? Are we anticipating any major capex commitments that I can’t see? Any manjor wells due to come offline / end of life? Can’t believe Erskine is still chugging away, what a great acquisition that was!

If my figures are correct and we move into 2020 with similar spot prices this should be north of £2!

If so that's $600m annual revenue ($40) and with very little capex theresafter and opex around $12pb that's $400m net profit.... Surely I'm missing something?

Personally no hurry for Rhum3. Would rather we get 100% of uplifted production rather than 60% until year end.

Prosuming Rhum and Columbus are both operating year end, whst production figures are we forecasting for 1 Jan 2022? 40k boepd?

What absolute drivel!

Unbelievable and it's people like you that put me off contributing to such forums! Fundamentally you won't find a better company. Jurisdiction and lack of PR is an issue but the latter is being addresses and the former is improving all the time. Give me Ukraine over Nigeria any day!

Guesses.... Informed of course..

Production figures for 2022??? 50k boepd?? At $40 that's over $700m revenue... There's the investment case

Think there's a corporate presentation online....

Many thanks

Have you got a link to track chrome spot prices? Cheers

Who has 300m tonnes of copper tailings? Thanks

You are swimming against fundamentals.....be very careful!

Agree totally re the assets! Worth remembering these assets are world class and will have to be developed if copper demand is to be met. Considering a company is willing to pay value of £120m for KSK suggests to me others were bidding for the asset also. Ars are now valued at £50m, have an asset worth £120m and have a much bigger and better asset yet to be farmed out (Beutong). If that's worth £180m (at least) you could easily assume ars is 6x undervalued currently.

Personally I see the issue announced today as simple confirmation of delays in completing the deal and the associated paperwork. Covid is playing havoc with legal completions and delays are inevitable...as we saw with the SPA

If you buy any major asset you aren't going to put any money down until the paperwork is complete and ready to be signed. It would appear there's still legal work to be completed and with upcoming shareholder meeting new terms were inevitable. So PTwin are quite within their rights to push back any payments until the paperwork is in order....

A little patience required