Member Info for highlandmatt

I'm with Green. Smacks of some of FL's 1.4p and/or some BoD 2p options being worked. Quite normal to exercise and sell some to pay for it.

I think this is one of those situations where the value won't come in the share price on the market, but in whatever takeover comes down the line. The best time for that would be now before we sign away too many licensing deals. A bigger company would have more capacity to market and supply the tests, so would want to have more of the revenue than 10%. Of course, there might be termination clauses in the licensing agreements.

If Mou6 costs $2m but the suitor wanted all of Morocco in return, I can understand and support PG viewing that as a poor option and going it alone.

Just the traders getting out for their 20%.

14m eligible for annual screening in US. If we can get 1m of that, even at $10 royalty on a $100 test = $10m income per annum. $30m on a $300 a test. Scale that up world wide. Not selling.

I have asked what mechanism they have for compensating folk who were forced to act on their instruction. No answer so far.

Having forced folk to sell, have now received an email saying they are pausing that. FFS.

Back to pre-licence levels. Amazing.

Interesting bit about Snowcap 2 and Jacobin 1 going ahead before SC3. 1800psi downhole pressure. The comment about sufficient oil storage for all three wells makes me think the Ministry wanted the tanks moved as part of the approval process. This might be the cause of any delay.

And that is the value of Cory Moruga. If it can produce 200-300 bopd, with minimal overheads and no debt repayments, PRD can organically fund cheap wells in Morocco.

I once managed 6 projects simultaneously. Not ideal, but amazing what you can do with good contractors. Don't forget Ireland is just paperwork, and T&T has an in country manager.

I would say don't need to flow gas to get an offer, but better to flow gas to get a better offer. Look at Aminex - mcap over £100m for 25% retained in Ntorya.

Or the initial offer was deemed too low by PG.

Not helpful, but a much bigger company.

That's my thinking as well. Copper has been at least $5.50 all year so far.

Have I missed an announcement regarding the divi, or are folk assuming that FCF remains the same so with 30% more shares the divi will be 30% lower (e.g. 8p a year)?

I agree. Maybe just looked at the dilution element, without considering what they are adding for that?

i think we are all a bit ****ed off today.

Revenue $100m EBITDA $25m. Agreed Kounrad is more profitable, but SASA contributes.

Kounrad resourced and licensed until 2034, but may go beyond slightly. SASA mine life to 2034. Geology is what it is.

5 years takes us to 2031 for replacement production, so good timing?