Member Info for JamYesterday

Nice cheap issue price, too.

Yes , yes. I know all that. I was assuming ChatGPT was referring to that when it used the abbreviation "NBV". No matter.

But as we are aways from cash flow, the NPV approach is very relevant, and ChatGPT suggests it should be around £20mn now (pre-financing), so at £15mn it's not far off the mark.

The real Lassonde Curve action should take place from pre-funding, to pre-production. Then it's over to the majors for ownership and management.

So how would you value pre-production resource companies?

Presumably no long term offtake agreements yet because the size of the field hasn't yet been determined.

I always chuckle to myself when I see a chart with a whole lot of grief and history and seemingly going nowhere along the bottom. I can well imagine there are remaining totally screwed up shareholders with one heck of an axe to grind, to get their miserable investment experience out of their system. Some can, move on and accept their mistake with aplomb, and some can't, with the result that their vitriolic outpourings subsume their everyday investment thinking, which is very, very sad for them, of course.

Reading this BB over the last two days, I can name a few in the latter camp. I'll say no more. Your loss, and I'm sorry for you with Echo Energy, but....just get over it and move on. Life is too short to screw yourselves up with daily torment and ill will towards others. It's only money, for Heaven's sake.

IJWT, I think you'll get your top up chance again soon. Alongside another placing that even staunch supporter @Keith is expecting.

Let's forget it, MrH_m. I've just bought my first toehold position here today. It's got a super technical set-up, longer term. in a sector that I believe will continue to attract money flows, and appears to have good backing from an astute set of investors/operators that know how to structure a deal for capital appreciation.

Still doing more DD but I like what I see, so far.

Thanks MrH_m. Just trying to get up to speed here. No need for the condescending comment. I'll make my own mind up as ever, but don't respect clever clogs who think they got in early and everyone else is clueless if they didn't.

Can someone please indicate what happened to that £300k cln proposed issue? Was it replaced by something else as I think it didn't get enough votes to be passed as a resolution.

How about cold Manchester tart. Or spotted dick.

Conspiracy theories notwithstanding, it seems to me that after 5 MOU attempts to get some evidence of flow, that PRD if clearly not up to the task, don't have the finances, or the technical expertise. So the sooner PG sells up to a group that can, the better for all concerned, not the least the people of Morocco.

Sure, but the new owners may first insist on a freezing of impending royalty deals until they get a clear lie of the land with respect to order flow, financial obligations...

Trust NO-ONE on these boards.

Learn to read Mr Market.

Rely on peer-reviewed scientific papers and company RNSs only.

LOL

Do we know if BRES has any more off balance sheet liabilities to take care of?

Aren't these numbers more or less what has been discussed here earlier - apart from the Temaris upside estimates?

So now the emphasis must shift to finding a farm out partner and get a FDP finalised/approved for speedy production.

Just remember, after some of you more vocal posters have stopped trading insults and irrelevancies, that Avacta is going to be bigger than the lot of you. And hopefully our bank accounts will, too.

Sorry to misrtepresent you, bonesgt. It must have been another "bones.." pseudonym character.

Bonesgt, are you out of Apta now? I recall you got in big and early there.

Why does A J Bell say, "Instrument not traded" when I try to buy?