Member Info for gus0

Mogger, it's clearly not a paper exercise. Past costs have been shown as an asset increasing in value every year on the company's balance sheet, also noted by brokers that the company expect to get this back. Whether they do of course, is another thing as you rightly said but either way when it comes to valuation the buyer either pays for the discovering of the asset or the realisation of the asset. Anyway always nice to see your nose sticking in here, we can always guarantee that you will drag the rain clouds out on a sunny day.....

It will be never that low, for starters people need to realise that we have £297 million on the balance sheet which equates to 33p per share. This is for the total costs of discovering Darwin in the first place, let alone what we have in liquids and gas at Darwin East, West, Stokes etc. Unusual to carry historic costs as an asset I think, but that's what they have done. If taken over pre appraisal then net assets would need to be realised plus some goodwill which would give you a mid to late 30p figure as just a start.

Well perhaps I will forget the "not so bright " for now. Welcome on board, you are right there certainly are rumblings about BOR and something imminent happening. We will see soon enough I think, good luck with your investment here and of course with RKH.

I have never known a stock to get played as much as this one, low volume is the issue perhaps. Another 1 million timber shoved on at 10.5p late Friday to stop any rise in the price. The only thoughts I have is to try and stop buying ( short term profit takers) and encourage selling, getting ballsy though considering news is nearer everyday and I am looking for those end of year updates from HB that he mentioned-considering there's only 7 weeks left of it.

Because the company are commercially unastute , developing the company in absolutely the wrong way. The board need to be ousted in my professional judgement. They are completely clueless how to run and market a business, I am 100% out with profit but also feel slightly gutted because I bought the asset rather than the business, which are run by potato heads. My call was down to 0.25, this will fall further....... 0.15 next target and as you know there has been a BIG seller dumping lately.

Should be and what will be are 2 different things, post RKH fid and pre appraisal- a reasonable premium to discounted NAV 30-40p maybe....

I think a takeover is more likely just because it makes sense and the shareholder base here are probably ready to move on- it's been too many years. Lets see that bid come in.

Ahh lift off, iceberg just melted.

Iceberg back on at 10.3p. I do wonder what the plan is here for MM's, strange trading behaviour which has contributed to volume being non existent. RKH FID announcement any day which makes us one of only 2 in the world's newest oil province.

It would be cheap pre appraisal and pre RKH Fid, obviously more post RKH Fid but still cheap. Whilst Darwin is expected to flow in a serious way, testing is still needed. Right now I think we are at a 50/50 on either takeover or farm out, could be either. As for pricing -less than generous above risked NAV at 28p ish/£250 million, post FID maybe 32-35p /£300 million ish but either scenario a steal given the assets we have. Farm in, I think we may get a full carry on Darwin East/West/Stokes by relinquishing up to 70%-75% but no cash for previous discovery costs. My thinking only! Either way, a much better place than where we are now but also a steal from where we could be in the coming years. My thinking only.

Rumble- time to stop rumbling about nonsense.

Comes to my mind.

When we get bought out, we can all F off into the sunset and stop posting here......

Going to move up soon.........

I wonder why my post - "Deal inbound................" was removed.

I will say it again- DEAL INBOUND......................

Well i topped up here as well today, i do wonder if a lot of FID is priced in over at RKH. I think their achilles heel is the substantial discounted placing that they did which may well put the brakes on any huge rises short term. Long term of course, its going to be a lot higher.

Here at Bor, pre RKH fid and our own farmout we should be around 20p and a lot higher when this news comes in. A major rerate is on the cards here at some point.

They need to let this go soon,RKH FID end of next week.............. BOR's deal completed shortly after.

Not much time left now........ 15p and upwards very soon. RKH FID is agreed in my opinion, waiting for the Argentina elections that's all now and also our own farmout, slightly prefer a takeover tho TBH. Too many years.com......

Buffit, plenty of updates from HB- all going well. I don't think you should under estimate what the RKH FID will do for BOR. A new oil province opened up and we hold 1 of only 2 confirmed discoveries- and we own 100% of it, like tick following tock- we will be following RKH as the next development. FID announcement 31st October by RKH??

Very interesting that Navitas have a SGM on the 30th of October (alongside their AGM) , 4 days after the Argentinian elections. All bets seem to be on that this is when FID will be concluded.

Long term prices are actually bullish . Many CEO’s with most recently Total are hugely bullish . As per OPEC’s statements, there just hasn’t been enough investment for the past ten years on exploration and long term the price trend is definitely up. In addition shale needs oil at 65 usd to open new wells and 60 usd to break even . Borders will complete their farm out soon , that I am absolutely sure of .

As expected, movement back up after a 25% retrace. About as much activity as there was on the way down as it is going back up- not a lot. MM's gave up some stock to get it down but probably aren't getting their return on the way back up- 11's will be telling tho.