Member Info for highlandmatt

Would one of our O&G experts explain 'fluid column in the well' please? Does that mean the gas is exhausted in that compartment and replaced by water? Has the well been compromised? Is it condensate? Or is it too early to tell / speculate?

Profits and dividends over time.

It's a big jump from, 'this doesn't follow the indices' to "Absent a t.o. the shares cannot now recover. The damage is permanent. Really sad but inescapably true." What is your reasoning or explanation?

Why should it change? How about NAV, profits and dividends?

Enfin. Always up for a discussion. Can I ask why you think the shares cannot recover? Are you seeing the SP as different from the current market selloff due to concerns over global growth/trade war, and possibly some Brexit uncertainty?

The market cap is currently £50m. The farmout deal worth $40m, equating to £30m.
The farmout deal is worth 60% of our current mcap, or 0.84p.
Or looked at another way, AEX is currently only trading £20m above the deal price, with all the other assets, prospects, and future income. For heaven's sake, KN1 was bringing in $10m per year. Really bargain basement territory.
I'm clinging to Buffet "buy when others are fearful".

SP was actually going up first thing - buys at 1.55 and 1.6. Then the big sells appeared (1.375 -ouch!). Bargain hunters (including myself) snapping those shares up at 1.4 and 1.45.

Fixing the valve is good news and progress. However, from previous info, I don't think it solves the main problem, which I understand to be that the well is only draining a compartment? So, there is some pressure from the compartment refilling, but would not last long?

Is it possible that the RNS has been written and is awaiting government approval?

I don't need convincing, just reassurance that patience will be repaid. I hope that matters are progressing in the background, and that when news is available, it will be released.

Just imagine the result of the news that we are waiting for:- Circular advising that licences have been granted, the FO deal can progress, KN1 has been fixed, and the 'dispute' with TPDC settled.

Future secure, cash payment, cash generative, back payments due. Bet we won't hear complaints then. Didn't hear any at the time of NT2 drill either.

I haven't looked at the respective trends, but if true, could it be that RBS is viewed as having a greater exposure to the UK than the others, so more affected by this Brexit thing and predictions about no-deal and the impact on UK economy?

I take your point about investors being attracted to returns, hence why I sold my Barclays holding before I sold Lloyds, and why I continue to drip funds in to CAML as and when available.

However, my point was that KMR is not alone in being cautious, and I would support that approach, if what you say about a downturn coming is true, given the CAPEX requirements coming up. Would it not be reckless to run out of cash again, just to impress the shareholders?

RBS made £1·8bn editda and £800m net profit in H1, and only paid a first interim of less than 1%.

@gaslady. I don’t think it would be viewer friendly if screened in real-time.

I wonder where they could buy a large developed source of Ilmenite suitable for chloride. Answers on a postcard anyone?!

Heads up chaps:-

https://globenewswire.com/news-release/2018/11/06/1645685/0/en/Proposed-Capital-Reduction-and-Notice-of-Extraordinary-General-Meeting.html

Supa. Short answer - I don't know. Maybe they invest elsewhere to diversify?

...or lack of. Gold holding above $1200, and this board is as flat as the graph.
Reserves up, mine life up, debts being repaid. This company is turning around and making progress.

It's not where we are that is important, but where we are going.

Analysts are forecasting over $100m EBITDA, the company is paying down it's debts, generating free cash flow, investing in additional capacity, and flagging dividends to come.

We are being given a very well telegraphed look at what these shares will be in 3-4 years time, with minimal risk.

Apologies if this has been posted already. Nothing earth shattering or that we don't know already, but good to see it being publicised.

https://seekingalpha.com/article/4212865-kenmare-resources-way-7-percent-dividend-yield

I'll say it again. Binding contract signed for min 40 scuffs in 2020. Free carry, so no development costs. $5m in cash to sustain operations for the intervening years. $10m per annum income, minimum. Even if Kiliwani never produces again, the Ruvuma deal alone justifies the MC. So many possibilities for upside. Convinced that the 'dispute' with TPDC has been the hold up, and that ARA can 'grease the wheels' to get things moving in a way AEX couldn't.

Couldn't resist a cheeky top up this morning. Well done to those that got in on Monday. Even at $1200/oz, net profits here would indicate a higher MC.