Member Info for headder

Was just thinking the same thing... How long will it take the Bridgen to update June's production and cashflow details? Should be pretty quick if it's all good news, I am expecting it to be vague and then I remember how everything here is always late and never quite as forecast.

Can somebody ask about oil shipping costs per bbl etc. and pricing for the oil and let us know?

I fell it is important as I saw a poster recently, which believes that the 27$ phase 1 opex & capex costs are simply deducted from a 77$ brent price to give operating profit!

Anyone going to AGM Thursday? Have to work myself so can't get a holiday.

Anyway, i'm sure it's in some documentation somewhere but I can't find the tankering costs per bbl and also how (discount to wti?) the oil tracks benchmarks..... I can see the 27$ breakeven but does anybody actually know the likely netback or do you need to do some long-winded calculation using the npv once you deduce how the 'future cashflows' are discounted? There will be a Q&A won't there? Also would be good to get some insight into how the feed study is going as well as elaboration on the court proceedings......

They said to multiply q4 earnings for 2023, broker has a loss for the year and 50M£ profit for next. Not enough to hit the debt covenant. Yes, they have some factories to sell and have cut the dividend but I'm thinking there could soon be a placing to pay down debt.

What are the chances this is getting knocked down prior to a placing? Either way, not buying in while the shares are still dropping.....

I expect vision blue will fund a portion of developments at 9p but think that the company will find it hard to bond/finance any substantial amount on a likely 5M$ annual cashflow. Mick Davies doesn't run the company, Bridgen does and have lost confidence in the man and the others from their overstatements and poor performance....

No point in selling out here, I think, but will review once the feasability study is out and guage things from there.

Remains to be seen, we don't even know if the supply situation has changed yet. Also, we don't even know how the management are going to be funding phase 1, how much it's going to cost and what processing equipment is being constructed and just how delayed everything is going to be. We're below 10p because management is lacking credibility after overstating profitability and missing targets. Becoming apparent yet?

What does it say? Don't want a bbc account......

Firstly; Has labour ever done anything they said they would in their manifesto's and what?

Now, latest presentation puts break even @ 27$ a barrel but the npv pre-tax @ 77$ Brent is 1.8Bn$. Any ideas on the shipping costs per bbl?? Are npv's based on a discounted $ of free cashflow @ 10%? Not that I don't think 77$ isn't reasonable but for all I know 90$ npv is double & 65$ bankrupt.

Just the usual lower highs & lows; Wouldn't get excited or anything, looks like we're going to be in the 8's before rebounding.

Not bad, with current oil price & average 18500bopd production for the rest of the year can see there being near 85M$ free funds flow for the whole year, not accounting for any cost inflation (15h 15M$?), with the tax loss so it seems the dividend is safe and there should be a bit of extra money to put towards next year. Highly geared to the oil price though, it would be foolish to extrapolate last years prices into the future now, that is one bearish looking brent chart and this is an oil company! It's weird though, I can't bring myself to sell the whole lot as I have a high conviction of lower prices when GDP's start to turn negative but feel a bit stupid for keeping 50% of my shares. I know; I'm half stupid!

Can only guess the line in Kazakhstan was probably going a long way through a telephone cable. Presentations from investor meet usually find their way onto YouTube after about a week. The 'do you pay russians in bitcoin' question made me laugh.

@driver; if you read the RNs it say the transaction was off book. That means NB bought his shares from an existing holder I think. Will have to wait for an updated share register on Morningstar to see who.

My mistake, that's a very big purchase....

6.4M shares @ 10.1p is around 65£k. Isn't Nick's salary 200k$? It's a big purchase.

DCF is some academic term of discounting future cash flows in the form of what the companies bond funding costs. Id forget that, it's the dividend discount model you want.

Sturm, how many companies have actually benefitted from buybacks? The only thing I can think of are large cap, multi-billion tech co's, where the ceo's can sell their performance shares etc. Besides, tech investments are high growth, forever, eledgedly. Buybacks helping resource stocks are a theory in my view, with very little evidence. This PE12 co, Sepl say, if they did buybacks while growing then that didn't add any pe metrics ultimately did it? Nobody turns around and says, 'well it's pe 12 but would be pe 10 if no buybacks happened years ago. As for taxes, while I agree with you there, I still think resource investors shouldn't support warrant selling prices with buybacks etc. as if people believe their money should be additionally used to support a share price because it's cheap then they should buy additional shares themselves in my view. Benefits the board members if anyone.

Could I somehow sign over custody of my shares to a ringleader to uhhm, 'represent my interests', or would a simple corporate action vote do on my online brokerage account, you know, under the actions menu, like with general meetings? I really think, as a large state, that the Italians will try to nickel and dime via. a takeover. And yes, let's not forget the private equity guys, usually lenders or company pollisher-upper -flippers, I can't help but frown at them! What about the Russians, could they somehow be after our shares to avoid sanctions. Or the Argies, but Russian ones trying to start a war??

People generally buy resource stocks for yield. Buybacks are silly if you ask me in finite resources if people are ultimately after a dividend. Looks like yield is secured for the next few years and as long as the company goes through a capex cycle to increase production and while onp isn't a reliable option. Now is 8.5% too cheap? You could argue that at 46kbpd it could go a lot higher but when would that happen, 2030? And what is the chance, 50%? So, at a 15% discount to 2030, what is the added value now? Sepl at has similar medium term growth prospects to ptal and trades @ 10% yield, it just falls short long term unless it can make acquisitions, like the Exxon deal it's trying to get approval for. Not advertising, just saying. Happy to hold here but won't add unless I can get 10% to feel like I have got a good deal, given the fact I think 80$ Brent will likely be the trading range of oil for the year and futures pricing is below that.

Looks to me that if people are bragging about having lots of shares and trying to social proof others into believing the share price is under threat of going higher due to a low-ball offer for the OM money, looks to my paranoid eye that these 'investors' are just speculating on the court hearing and looking to fomo people into buying more shares to give themselves a cushion to sell into while chasing the next 'hot' 'investment'. 80% of traded shares are held less than a year. Now if one was so concerned with a share price near term, are they the 20%?