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with lets say 5m and production at 4000 thats under 4 years
500 A DAY X 365 =182500
182500 into 10m = 55 years which is why the P1 asset is not being reflect in the share price
ideally we want to see at 3000 bpd from PG
Its that simple
PF is a great story and gives us cash to do the above but is fast becoming just a cash cow rather than an asset with longevity
With 70% of reserves here PPC need to pull there finger out and have production at 2000+ by end of next year to see any meaningful movement in share price.
ie you want to see 70% of production comes from these reserves and not 10%
This imbalance is top priority for next year in my mind
thank you very much for that
Could someone very kindly tell me daily production and P1 reserves
thank you
so PE CAN'T BE MUCH GREATER THAN 4.5!!!!!!!!!!!!!!!!!!!!!!!!!!! SADLY
let's say by summer next year PF is producing 6000 a day. Reserves will be depleted in maybe 4.5 years. PPC has got to maximise it's reserves in PG next year and to date PG has been a disaster They need to be producing 2000+ by this time next year or they might as well take the 27mm reserves off there home page. I may be wrong let me know
Will not be able to call in this afternoon and am wondering what sort of questions people have up their sleeve?.
Guess they have to be questions that can be answered re regulatory compliance
I would like to know
1 how many acquisitions have we look at and and how away re price we were in possibly closing deals
2 farm out some colour issues from prospective parties
3 vol of pesos and issues re listing
4 if work in the next 6 months is in line plan for next year
Regards
Kevin
2/3 of P1 reserves in PG
currently 500boo a day
take us 55 years to go through P1 reserves needs to be 12 years or less ie 2000+ boo a day
possibly worth 5m -10m to president at current prices
Well president stock might not have gone up but yours has good on you!. Now back to work and try and get this share price to 18 pence my breakeven.
Regards
Get out of this stock tomorrow
Fat finger
There was some news for crazy horse the other day which might be positive for CDC going forward but don't hold your breath
Are you saying thet recommend selling at 3pence and why?
I did this a month ago on here and iii we got to about 3000000 shares then no further. I own a good portion of that. I spoke to their financial pr people who couldn't really offer much help but did tell me that this guy Mitch Alland was an honourable man and was very upset how things had developed (no sh£t). I called a couple of the big investors but didn't really get anywhere (sorry we don't speak to private investors etc etc) Open to suggestions
So we didn't get very far with building a investor group!. I don't know how many people are left in but if any of you have contacted anyone with regard to this investment I would be interested in was has been said.
1.7 MILLION
1.25 M
thanks we are over 1 million now