Member Info for JP2000

With hindsight it was a good decision to get numpties to pay 72p. What I don’t get is the logic today issuing bonus shares in lieu of a dividend?

Is this the Russian vaccine that hasn't been through formal clinical trials?

Re dividends: the cover is extremely low meaning its vulnerable.

https://www.youtube.com/watch?v=4sYSyuuLk5g

They find a vaccine and everyone goes back to work.

No debt, producing assets, Brent $45, only recently started paying dividends, performing much better than sector, its got takeover target at £2 written all over it.

https://www.kazminerals.com/media/21366/kaz-minerals-half-year-results-h1-2020-final.pdf

Slide 22 has a reconciliation of net debt

3p trades just going through

Quite difficult to take government bail outs and pay a dividend at the same time but a share buyback might be less sensitive and better value long term.

I've struggled to understand why Genel is rated c50% higher when both companies look identical?

What’s the logic for the tie up, how does it advance the CERP portfolio?

The current underlying price is 2.25p based on BPC and the CERP SP will converge towards the end of July. That said I expect the SP to be range bound 1.5-2p for most of July as Schroder and a few others off load so there’s no hurry to buy CERP at current levels because it will be back at 1.7p in a few days.

Farm out?

20m 2P reserves and some decent prospects slam next door to Trinity and no debt so I wouldn’t entirely call CERPs price crazy. Their biggest problem is lack of cash and printing money.

Can’t understand why Trinity and Cerp haven’t merged as they are next door to each other.

Watch out for Schroder selling, they’ve got 9.5%. It’s actually really good opportunity, share price repeatedly squeezed but then rises as the backstop value is currently c2.2p

How do shareholders make money as its at least 7 years away from paying a dividend?

Any valuation for Guyana?

It depends on how the construction is funded and how highly geared the company is. Sure drawdown of debt and commencement of development is exciting but it dramatically raises the risk profile so if anything goes wrong its equity holders that take the hit.

They also own Lemur Holdings which wants to develop a coal mine and power station.

http://www.bushveldminerals.com/other-investments/

Wish they’d divest because a lot of pension funds and insurance co’s won’t touch coal.

Net pay and API RNS will be released anytime 23-31 Jan then separate RNS on CO2 injection project on or before 31st Jan.

The key objective of the Saffron well is to test the Lower Cruse (500ft sandstone) updip from UBOT-1 (drilled in 1936 200 bopd), targeting 11mmbo recoverable, worth 4p (?) per share.