George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Im not compering it to eco, thdre is no comperison.
The 2m pound is no money, all its good for is to keep the company from more dilution, it doesnt pay for any commitments.
The low mc does look appealing but you know its like that for years even when they had the adjucent block that was very prospective and 3d covered.
I allways calculated the walvis assets of eco at 0 as well, until a basin opener discovery will be made at the walvis there is no chance for gbp to farm out.
Its obvious that ecos licenses in the walvis are much more attractive with 10 years extension, a much more acreage, a well funded partner with a lot of data from its investor companies like afe, aoi etc..
My assumptions are based on following gbp for many years and trading some hypes..
There is no problem sitting on this one for years to wait for something to happen if you know the risks and willing to wait, but when i see posters counting barrels or thinking they are about to farm out any day i respond.
i hope all investor here understand there are no "farm in talks" just a company with no money, no 3d seismic, 0 interest and a tight schedule that makes your investment depend on extension of working commitments.
gbp will not farm out in the next few years!!!!!!!!!
do your own research, dont listen to the uneducated pumpers if you care about your money.
Eco made such amazing deals followed by basin opening world class discoveries near by, and has near term transformational well that jhi was willing to merge in at third the price of the latest eco transaction.
The new eco holding will deliver great return for sure but for now its a write off.
The only sole exposure wte offers now is cataleya and news from that front is due soon...
Was possible thanks to a stream of success delivered by eco.
The azinam deal, followed by the graf and venus discoveries and near term transformational well and block 3b/4b made jhi keen to merge in to eco at a steal price, a third of the price eco paid in the first transaction and all to play for..
This should get to the 40's soon, too much value..
And easy funding when ever needed.
Buttt, i just figured some thing, now eco is held 34% by jhi, 20% by AOI, 15% by azinam and more by charlston, gil and insiders, so the floating share count is 15%~.
That means that when eco will hype up for gazania we can easily explode to 70-100p.
If you wonder how a garbage company like cgx is valued at half a billion dollar with one duster and 100m$ debt, the answer is the low share float, eco is about to share that float ratio but with no debt and multiple world class wells and no funding risks.
Think about total paying apache around a billion dollar for 50% of block 58, or 10 times what eco paid for 17.5% compered to 17.5% of block 58.
Today its obvious total made a great deal, canje can prove as valuable as block 58 soon enough..
Funny that the sp doesnt react to formal news as well as to leaks, but if its a leak then rns is due and maby we have a better then expected results, could bode very well with current poo..
Time to join the oilers party..
https://www.bnamericas.com/en/news/guyana-suriname-basin-upstream-watch
its more or less the same, will try a better link, that was sent to me as is.
the important thing is it looks like were gonna get a drilling decision, by the israeli regulation the chosen prospect will have to be followed by a detailed cpr so well see if the latest cpr is enough or well get more info rns'd.
New kaieteur application, a lot of info..
https://mail.google.com/mail/u/0/s/?view=att&th=17f68e3d6170a094&attid=0.1&disp=attd&realattid=17f68e4294f278bd2931&safe=1&zw
tlw is in term with all its commitments.
in regard to cgx, the plan was to drill kawa and demerara, my guess is kawa didnt deliver the result needed to farm out but provided the data they needed to de risk the wei-1 prospect.
they will be wise to relinquish demerara to try to deliver a real commercial discovery instead of trying to keep demerara and going bankrupt.
but i could be wrong and kawa will be commercial, as i see it all the red lights are on.