Member Info for headder

Or, it's one of the only political situations they can crystalise public opinion over their indoctrinated, yet abused populace who will likely hear how the Falkland Islanders are robbing them while inflation there is triple digits & corruption is likely rife.

Anyone find the investormeet amusing yesterday. My favourite part was Kuznetsov when he said the concentrates issue was sorted. Time will tell but 40-45% margin before g&a etc. doesn't seem too bad currently if indeed the supplies are in. When Bridgen said about the metallurgy testing taking another month if it isn't completed by Christmas was also amusing. Fingers crossed for a good 2024 then!

Makes one think the company is being asked by investors to keep releasing updates & keep momentum going. Starting with the esg release in my view, Sealion must be in the pipeline for an update somewhere.

Well, no mention of conversion of loan notes or warrants to add to the balance sheet.

Don't suppose you have a netback figure in mind for the oil do you? I had a look, it's between medium & heavy, on oil price the many benchmarks currently trade over 75$. Doesn't it cost russia 20$ per barrel to transport crude to India? Could we be expecting a 25$ ebit on an oil barrel @ 75$? Also, will the fpso be accompanied by barges? All things I don't quite have my head around.

In the March? presentation it was stated that vision blue are going to convert their remaining 9p warrants late this year. Yes, things are bad and likely to remain so for the time being but hopefully another investor comes along down the road once the fesability is done.

I have reduction in interest payment post placing plus less £20M from the £32M acquisition hangover exceptional item write down (always seems something every year) generating circa £50M fcf in h2 2023 with the 47M Euro fine to come off. So, excluding these exceptional items & debt restructuring we are basically trading @ around 10% fcf at current price. Is this fair value? gotta be pretty close, no??? FYI I don't think the raw materials costs will come back down anytime soon with a structurally tight oil market so what's the bull case other than it used to be a fiver?

Weaker £ will only boost the shares if it dives like the Lira. This is a penny share btw, no investor is looking here to hedge inflation (but I expect you not to listen). A substantially weaker Shilling isn't bullish either as workers will be discontent with higher food & energy costs, while the Government ( with high $ debts) will be under increasing pressure to raise taxes.

^ I put you in the 'crazy gold bull' crowd along with many pallisades gold radio guests.

Ebit annualised for the year 32£m , post tax, pre interest 25£M, so debt free it would be on a pe ratio of around 9 @ 460M market cap. I think I'll wait & see how this goes, I see Eastman as a better proposition at this price & am not prepared to invest there just yet, it has a pe of 15 but good management & fa debt. Good luck to holders , looks like medium term (in a few years) could double your money but with debt interest risk & how quick it comes down the main risk.

Fingers crossed. They need to say something positive other than, 'we have lots of debt and are building a project that is currently in an area being ravaged by hurricanes, but don't worry everything's fine'.

Actually it's more to do with high food costs and how secure sovereign rule is. Remember the Arab spring & how the Saudi monarchy didn't even get challenged while Egypt went full straight jacket muzzer? Who's in Tanzania that could take power? Any terrorists???

Yet to bounce & 15% behind the 2 other gold stocks I'm watching.... Obviously lower down the list of gold producers market participants like, so probably be picked up by people looking to chase the early move I reckon.

Skimmed through the 5 year presentation & took it at face value. Has an arrow with pending corporate updates along the shaft with the tip pointing to September. Tradingview had results marked for last week but I guess that was a brought foreward previous calendar algo. I'll reinterpret it as meaning during September then, probably near the end.

What's with the ask moving from 9.6 to 10 on a £2 trade? This looks like market making to me.

Lot of news items expected here by end of next week;

NLGM drilling, WK drilling & H1 results with singida reserve drilling expected to commence.

Gold could stay where it is, good H1 results and any associated positive supprises are what I am looking for.

Lot of chest beating going on here. I just assume people going off on impulsive tangents or grand delusions as drunkards (they probably are).

Anyway, Navitas announced they report h2 results Aug 31st today and as the main stakeholders in the project here, hopefully they will throw us a bone. You can translate it on google translate (less easily if drunk)!

Yeah, besides, should get navitas H2 results next week.

I'm just thinking that if Italy don't pay and can see RKH causing a political backlash for causing empty spaghetti shelves in the supermarket then payment should be in 2025?

Can only think of cairns as an energy company; https://www.bbc.co.uk/news/business-55822911

Previous link just shows that, assuming award still stands, it is deffinatly enforceable here and not subject to political coersion, it will just take some time. Selling an award at a 65% discount seems nuts to me.

So what embarrasing assets could be seized? They would have to cause some disruption to people like with India's airlines, does Italy own any Pizza chains or spaghetti factories???

Hang about; https://www.gibsondunn.com/uk-and-australian-courts-confirm-no-sovereign-immunity-from-recognition-of-icsid-arbitral-awards-against-sovereign-states/

35p per £ for a binding award that the UK court says it will enforce? Wouldn't a small raise be better? Might not get paid till 2026 but assuming the latter date of expected enforcement that's like taking a loan @ 70% interest. 50p per £ would be 40% interest if considered an extended loan.