Member Info for ID78

Good post Trek (as usual).

I don’t think there will be any shortage of drill rigs for this job in the USA. And if there is a rig failure you’d think spare parts will arrive in no time. Hopefully a more experienced crew with their own rig will mean a rig failure won’t happen.

All the issues and delays faced by He1 are just not significant risks here.

Fully financed for this (‘appraisal’?) well.

The only (but significant) risk is how much helium there is.

As you say trek, there should be a good chance to derisk and profit take from here.

Troajan - thanks for those

Nomlungu - I agree, its more a comment to bear in mind later down the road when a gold bull run is over. Provided your memory is better than mine.

Goldies

Don’t know if anyone here is aware of the northstarbadcharts on Twitter / X.

Historically a strong gold move is followed by an even larger silver spike… so what silver miners do we know?

I see a post for arrow

‘3200 boe/d at say $80-85/b is $90-$100m and is likely to double in 2024. This SP will soon be moving.’

MCAP is 5 times that of STAR and current production is 50% only 50% higher. If production does double (to 6400) that is (roughly) 3 times more than us and MCAP (currently) 5 times higher however investors there would expect the MCAP to increase on doubling production.

Long winded way of saying (again) STAR seem highly undervalued

Frankie thank you.

Work has been too busy for me to research properly, which I need to do however I did want to know things like

- offshore or onshore (big difference cost wise)

- where do they operate (safe, it’s the uk!)

You have answered this for me.

Need to do some real research but I will buy a few today based on this limited knowledge.

Appreciate the response - thank you

I don’t hold but that just came as a shock when I read the news.

Trek, I hope you are right and this is a ploy to flush out another bid. And I hope you do well out of it.

SHG was one of the undervalued cash cows I planned on getting a bit of once other interest played out. (Others being TXP, JSE)… SHG seemed the most profitable gold miner I’d looked at.

Good luck to you too and have a great xmas

And yeah could well have cost that much to do the exploration and build the mines.

Just as the company turns into a cash cow it’s sold for little above the current MCAP

I feel it’s cheap compared to gold production, my calcs were suggesting $100mill profit from gold production a year (100,000oz against 1950$/oz price of gold and 1270 $/oz AISC). I don’t think mine life is exceptional, maybe 4/5 years? … but there’s clear value there for shareholders that they won’t now realise.

Looking at the SP I guess you are making some sort of profit as long as you bought in the last 2(ish) years so hopefully nobody makes a noteable loss there.

I just feel it’s a bit rubbish given the POG and the company going debt free. It just feels like,

you carried the risk (shareholders)

Now we’ll make the (significant) profit

Trek or anyone else; I’ve not had enough time to follow the markets due to work pressure.

Am I reading this correctly? The board of SHG are agreeing to sell the company for 13.5p a share? JUST Turned debt free, high POG, low AISC.

Unbelievable…. Thanks shareholders for getting this company in such a great position, we will take if from here and make a lovely profit 🤨

Is that the headline figure here?

In comparison

TXP - aiming for 9200boepd (middle next year), so 4.5 times the prodn at x10 MCAP

JSE - soon to be 20000 boepd (10times the prodn) but at 17 times the MCAP.

I know, a bit rough and ready but STAR feels rather undervalued

I’m not invested … traded a little about 5-6p.

What a nightmare, I really do feel for anyone still holding. I really hope the next drill makes you some money back.

Really annoying. I was thinking of buying yesterday but work has been crazy and I couldn’t afford any tile or further thought.

So annoying!

Good luck all

I guess it boils down to …

- do you wait and make money later

- do you sell hope to make money in the interim and come back later

One thing we do know one day (rodders) the SP will be double this. The difficulty for me is there are a few companies I can say that about, such is the state of this market.

Hi Latius - I don’t (and am not invested in DEC ni that there is anything wrong with DEC).

All the best

Thanks Trek, I’ve been watching TXP for a long time (and I traded earlier this year).

You can’t really go wrong buying at this price. Of course sub 50p would have been better. Ho hum.

I do feel the next attack of 90p could be the real breakout of this range th mo what do I know..

Joined you trek…. Finally sold half my PXC and bought here…. (Was always the planned destination for my PXC money but unfortunately it’s a bit less than I’d hoped for!)

I think there was a comment from someone on the BOD on the telegram group (reposted here), basically relax the funding is in hand it’s about getting the best deal.

I don’t revolve in that sort of world, I’m an engineer, sit and do analysis all day, but I guess there’s games to be played in getting the best deal? And letting funding drift could be part of that? To show they aren’t desperate and won’t accept a bad deal for the company?

Then there’s also the possibility that with lawyers are involved that they are making hay whilst the sunshine’s (I mean making as long as they can, within reason, stretching it out a bit and getting paid a bit more in the process).

Put another way IF funding is not secured by end of Friday it doesn’t necessarily mean NO funding. It means we need to wait a little longer as it plays out.

My watchlist is either full of red or non movers. So it’s just a general market reaction I think.

That or I’m rubbish at picking stocks and need to short everything I watch?

Uggh wrong chat.

Still waking up :(

Here we go :)