Member Info for headder

Overbought? Just because the rsi is in the'overbought' level it doesn't mean it's coming back at all. I expect the share to plateau when in the normal range as opposed to pulling back, like last time. Trying to trade the top for a 5% pullback seems nuts to me with where the company is at now. Better to wait for the dividend if anything to try for a few % in my opinion.

Not a bad trade.... To do with FID, harbour said in its results today that their official exit is imminent so one can be pretty sure the regulatory consent between rkh and navitas should be announced 'imminently' too, so as long as FID comes before Nov 24 then no need to extend the exploration license, should be on a production one by then.

Not a bad trade.... To do with FID, harbour said in its results today that their official exit is imminent so one can be pretty sure the regulatory consent between rkh and navitas should be announced 'imminently' too, so as long as FID comes before Nov 24 then no need to extend the exploration license, should be on a production one by then.

Not a bad trade.... To do with FID, harbour said in its results today that their official exit is imminent so one can be pretty sure the regulatory consent between rkh and navitas should be announced 'imminently' too, so as long as FID comes before Nov 24 then no need to extend the exploration license, should be on a production one by then.

Seems like the author is a specialist in delivering biased news about the oil & gas and even agricultural industries. Good press though, if you read between the lines and aren't biased that is.

According to the euribor graph on wikipedia the 1 year rate has been around -0.2% prior to 2020 and is currently 1.1%. I make the award, at current exchange 230£M Gross, 80% of which is £184M gross to RKH. Theres more details about the award here; https://icsid.worldbank.org/services/arbitration/convention/process/award

I consider this a get rich slowly investment and aren't heavily invested here at the moment so only follow the board loosely you see.
Will have to wait and see.
Can't remember posting here in April, must have been when I bought my shares.

Isn't it a bad sign when news isn't given to the market until the last minute? It usually means there is a spanner in the works somewhere, so after a court case closing, for a jury to be taking so long to make a verdict, doesn't this mean the chance of success here has to be increasingly lower with the passage of time? I can see a bottom fishing opportunity looming......

That's the same reason I invested here, I think a pe10 would only be possible if the company gets a premium for being the lowest cost producer but I think phase 1 in 2025 is a bit optomistic. It took the company over a year just to get connected to the power line. I sure hope the coming news flow prior to the next placing gets the shares high enough to soften the next round of dilution. Not sure how much the company can lend from it's future earnings but am yet to see above a 4X ebitda debt covenant on a companies balance sheet. I am assuming VB's 30M$ will be all that's needed.

https://www.ft.com/content/b960d1e1-ad2d-4e8b-9891-a8265988fc11
Hedging with puts @ 9$ might be a smart move but if you think the gas price (NYMEX) is going to be above 10$ by winter and still high all next year I am just as happy with no hedges myself. My only concern is whether any drilling rigs are available in the near future. I hope so, placing was at the right time for the money regardless in my view, so the company is good there at least......

Van2000 is short here? Didn't know you could short a company this small. About the share capital, is that the 2.6M or so vision blue has left to acquire? Think I remember the plan was for them to excercise the rest of the 9p warrants when there wasn't a need to do a new prospectus....
I do also believe the company is profitable and able to fund the studies without a cash injection but live in hope that it speeds things along a bit. If we're lucky it will although the company doesn't seem in a rush for it.

If it helps, Exxon and chevron are big operators of Kazakhstans oil fields, which ship oil to the UK among others and they seem to be doing ok. Warren buffet has recently bought a big stake in Exxon so I'm assuming Kazakhstan passed Berkshire hathaways due diligence for political risk, even if it's only 10% of Exxon, you'd think he would wait if he thought it would be a problem or would have invested elsewhere.

"Why your comparing cash cost is beyond me, your comparing raisins to apples!"

It's for the vanadium deposit, not the processing plant! You don't seem to care where projects sit between eachother on a cost curve.

"You are going to need 100s yes 100s of millions of dollars to get to production, you still need to do PFS, DFS, and then BFS. This cost alone 10s millions."

You read up on current production, kudos to you, but if you read up on how the feasability study is being progressed then you would know this is not the case as funding should be sought back half of next year if timelines are kept and the mine is going to be built incrementally via. cashflow producing modules, so no funding needed won't be 100s of M$. If you think that is wrong then perhaps you should be on the competent persons report, then you would have some credibility and not be seen as just another troll attempting a beatdown on something your obviously not invested in, with nothing constructive to add.

You need to open a free account. Main point says they expect the heron 1 well to be bought on stream as the equipment and crew is 'expected to already be' in country to do that, but for the 2 new wells, rig and crew are in China;

In order to execute its planned Heron programme, Petro Matad needs to engage the full services required for the programme, agree oil offtake with nearby producer Petro China, and secure all required clearances.

In terms of the required services, the equipment and crew for bringing Heron-1 onstream is expected to already be available in country, making this relatively straightforward for Petro Matad to engage. For the two new wells, a rig and crew will need to be brought in from China. Stringent China coronavirus restrictions have been hampering efforts here in recent months, but these are now beginning to be eased, increasing the likelihood that Petro Matad may have access to these services within the 2022 drilling window too.

In terms of offtake with Petro China, earlier this year Petro Matad agreed this in principle with the Mongolian regulator, and is in discussions around specifics with Petro China (an MOU is already in place between the two parties). This process has recently moved forward with the reopening of one of the two oil export routes into China as coronavirus restrictions have eased, auguring well for an agreement with Petro China to be reached and oil offtake capacity to be available later this year for Petro Matad, in our view.

Continued on next page/

https://research.arden-partners.com//view_repos/_eb301131-475e-4a60-8f7a-e10f84386502.pdf

Looked BMN this morning as it seems FAR has been recently following it down. As stated in the RNS about capital developement, for 150M$ can increase production by 50% and reduce costs by 20% to around the 22$ per kg mark for ferro vanadium.
So, it's a competent persons report but at 2.40$/lb for V205, FAR could make 5.28$ per kg (before byproducts), so for less money and using current spot pricing we have a cash cost of 1/4 the sales price vs just under 2/3 at BMN.
So, with the coming production glut in the vanadium market from all the projects around (Vanadium is more common than copper) and cost inflations due to higher energy expense I see only the cheapest producers are either going to remain solvent or get project funding.
In my view, in the short term this could drop back to placing price, leaving me quite underwater and feeling I bought too early, but medium term, now the company should have the money coming in to fund all the test work etc. and start looking pretty compelling again after the coming recession because steel demand should pick back up me thinks.........

Don't think the board will care until they start looking for funding again......

Plenty of time to invest in rockhopper as I expect navitas will wait to see revenue from their Canadian field before investing in the Falklands but has just done a capital raise with shareholders able to participate and get some warrants ....
Can't remember where exactly I heard about the nickel processing plant, think was mentioned in the proactive investors interview.

Was the other opportunity rockhopper hg64?

Nickel processing facility commences production in September, from the last report it looked like they spent more on inventory they didn't process which I expect, whether it's due to transitory constraints or a build up of inventory, should add to revenues. Also, for me, I think the overall profitability should come through next year as there should be a balance with inventories and material in transit, as well as full production. Then we shall see how close to 10M$ fcf we get.
Having taken an initial position at 25p I did average down thinking 17.5p was too cheap, but have an average of, I think 20 now.
I am of the opinion that the cheapest producer with one of the largest resources of a commodity should come with a decent premium one day, so in a low inflation environment, given the jurastiction I could see the C/350M$ fcf yielding 4-5% given the LOM but that's my 'upside' scenario.