are well and truly off here. 3 things here which have made me utra bullish
1. this JV deal to use our partners kit is a Gem. get the cash flowing
2. company thinking this may be 1 large copper gold system which would blow the 50mt target out the water
3. the 'blowout' - The Company has allocated funds to test the depth extension of the two breccia pipes at GZ2 and CZ1, as the low to intermediate sulfidation epithermal environment that characterises Kvemo Bolnisi has the potential to "blow-out" at depth and contribute to a more substantial bulk tonnage copper-gold resource in line with the 50Mt being targeted by the Company
On a right old romp this morning. Facts are this is a bit of a winner. High grades and large resource that could easily 'blow out' target of 50mt will be met as the board are ultra bullish about the prospect. Ahead of schedule in many areas too. Funded!
the way i see it.... they accelerated the commitment to ensure they got the 50% and got all the paperwork sorted well before they went into production. sensible and safe approach.
Now they want to define as much resource as possible prior to commencement. again i see this as a line in the sand approach and probably to agree the through put of the partners plant.
better to get everything squared away before hand as after the event we could be held to ransom over the plant
10k @16.75. all the dosh i had spare at the moment. But seems a good level to add with placing long been sorted and a bit of the overhang cleared. news flow should be fairly intense into qtr3/4
Most of dgoc production is gas. Boe is gas production converted into the equivalent of oil.
Dgoc is unknown to the market but on peer basis it's valued at s huge discount. Massive upside here on low risk. Massive. The ii's have been loading up looking st the trades. And why wouldn't they. It's a find managers dream. Under valued, stable production,, profitable and a divi. On aim? One of the best opportunities I've ever seen. Market just haven't caught on to the recent asset purchase
Exi Russia!!! 10000 bopd, problems galore; declining production less reserves no divi
Cap £160mn
I could go on forever. Just wait for the the run up to results in about 2 months time