Member Info for Kalan

Oh and discovery costs $1 per barrel with overall cost $6 per barrel. Quite a profit to add to the current revenues.

Cheers homebrewruss.
26p now and analysts say 80p to 90p NPV without growth.
They are spending the next 12 months adding lucrative contracts to add to that NPV of the Severn assets.
They are spending the next 12 months bringing the Niger oil to markets to generate revenue and then drilling more holes for oil (5 out of 5 success rate so far and all seismic work done and targets selected).
Revenue could well match the current market cap in 12 months time.
If this isn't a buy I don't know one. The deal is done - never in doubt according to Knotty.

ontinuing on from Wyattearp - I also liked the notion of 'fine copper' and fine other metals.
- also - the fact they are charging companies to review their tailings and give them a plan of action

This year have focussed on 3 shares - JLP - up 100% but obv didn't get all in at the bottom. WRES - was under water but todays rise takes me back to break even and it's poised IMO. Savp - been up, down and now approaching break even and also poised IMO. Did some trading on FRR which went well on about 10 trades but got caught with my trading pot in when the inevitable happened so wrote that one off - as you say can't win em all but on average it is turning out to be a decent year.

Can you take sleeping tablets every night for the next month please Stukey.

He couldn't take part ABLE as Billyboy had him cornered for an exclusive interview.

My thoughts too Pecten - the market makers must be confident of shifting them at a profit or have shifted most of them at a profit so should be behind us now or soon.

Good to see you still here Michu - a long journey - well balanced post as usual - I agree with a slow re-rate rather than a sudden jump but you never can tell - all I do know is this looks very cheap IMO. The wait may have been worth it.

Converted from Rand:
Strong support 3.6p (Geng said 3.65p, I have target of 3.7p - so some agreement)
possible support 4.0p (I also suggested this due to psychological reasons)
Resistance 4.5p
Strong resistance 4.8p
Further targets after 4.8p broken are 5.3p, then 8.5p and then 9.0p (?115% ?) and above she said excitedly.

My take (for what it's worth) 4.2p is providing strong support as we expected - we could see a rally before or after the news next week but this will possibly peter out at 4.5p or at the most 4.8p if 4.5p is broken. After that we should retest 4.2p and then 4.0p over time as we have a news lull. A dip on lack of patience could take us down momentarily to 3.6p to 3.8p - will need to be nimble and have funds available if that happens.
Alternatively get on with life and let it play out to 9p and above or top up when it slips back to build a position.
there you go - so easy lol - Kalan in fantasy land.

If you want to speculate - this is the time - we have our noses pressed right up to the window on SAVP - watching for every detail - most people haven't heard of SAVP - most ii investors will not consider SAVP until the deal is signed off and through the Court - from close up we can see the stock has come out of the stock cupboard and put on the shelves and the staff are in place to sell the goods - the key is about to be handed to the CEO to unlock the door. Most don't even know there is a shop - yet. BUY.

Very good snaffleman - I am starting low and building up my share ownership - we Yorkshireman don't part with our cash that easily.
What an excellent update from Billyboy - there is obviously more to the chrome story than we have gleaned from the figures - they have both been excited by it . Enjoying share ownership for a change - nice when it starts to come good. Buy low and out of favour and wait and wait.... boring but satisfying - going to converst those rand support and target figures to pennies now - thanks proactive.

I own 3 shares - JLP (top sliced) and WRES and SAVP. Both the other 2 have news out today and are up by about 8% to 12%. WRES is a funny one because the ceo can't be trusted but the rns today significantly derisks the project - worth a look but I am not recommending it - DYOR.
SAVP is doing a reverse takeover of 7 energy and has a suspended drilling programme which has drilled 5 out of 5 successful wells. The takeover has taken years not the months first thought. Anyway the rns today more or less says the deal is done as all parties are signed up, over a barrel or committed through escrow - it goes to court soon for ratification - the point is that those who don't know the company will not realise the significance and won't do until the next rns confirming the deal is ratified. This looks like an opportunity to get in to me - I have sent some of my JLP money there this morning after the rise - I am that confident - if you are interested - I would look at SAVP first and take a bit of time considering WRES.
Sorry for the o/t.

The fact that all 3rd parties are tied in by contract or escrow means there is no going back - the deal is as good as done but they can't announce it as done yet - this is a great time to buy - the deal is done but the majority out there are unaware or won't understand - topped up here and WRES over the past week with JLP profits - double smug!! Buy.

Typical Geng - charts first - greedy man lol. Good luck it's been a long wait but the only gaps that worry me are the gaps in knowledge and they have been substantially filled IMO -hope devilbeast managed to get some more shares before it took off - hey ho he will just have to buy at a realistic market value. My SAVP up 10% this morning as well - topped up with my profits from JLP on both - smug!!

Excellent points again TT - you can stay on here as well as JLP lol - permission granted.

Hawaii from GLR bb is going.

I give up - yes they are making a shed load and whoo hoo it will be sold for 1.2 billion in a matter of days - damn how I have missed out. well done guys.

£220,000 per month revenue from which they have to pay for the operations and overheads from - it also is apparent that they don't get paid monthly - they are going to be back paid at the end of the year - the warrant money was vital to tide them over until this payment - wake up LB28!

Looked back through about 3oo of jarv55's posts and realised I had read many of them - very interesting stuff - worked out that EUA is getting approx. £220,000 per month revenue in the mining months. Do we know what the overheads are. Also anyone know how many months of production are due to be paid for at the end of the year. Anyone know if production is ongoing or stopped for winter.

Just for clarity - warrants give you the right to buy shares at a fixed price before a fixed date - so the warrant holders bought at .6p and this is what the company gets for making up the new shares. They can then sell when the new shares are admitted (4th November in this case). If they sold at 2.4p they have quadrupled their money but the company only got 0.6p - the shares in circulation increased and so all existing holders now own a smaller % of the company - commonly known as dilution. this dilution was positive, however as the company was desperate for the cash (not with standing the possibility of drawing down on th $50 million sinosteel money).