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Goehring & Rozencwajg know their onions and their quarterly market commentaries make very interesting reading.
They continue to be ahead of the game.
Below is an extract from their Q1 2023 market commentary.
‘ On the other hand, we are carefully monitoring several emerging trends that could signal the end of the copper bull market sometime later this decade. On the demand side, we believe renewables could end up disappointing. We have been critical of wind and solar due to their low energy density and poor energy return on investment (EROI). We believe the multi-trillion-dollar renewable push will be the largest malinvestment in history. Europe is in the process of understanding the consequences of large-scale renewable investments. In T he Wall Street Journal dated May 15th 2023, French President Emmanuel Macron suggested: “Europe may already have enough environmental regulation and doesn’t need more.” Mr. Marcon went on to call for a “regulatory break” on European environmental matters. ’
#PRD Not one I hold, but I've just got off of the phone with a contact who said she's heard a rumour going around the city about a big consortium getting together to develop CNG.
If that's true then the price goes bananas. No position yet for me.
Https://x.com/proaimtrader/status/1697590981065884014?s=46&t=6JRoCt4SugtCBX31tiwGUg
We are not privy to the same ever changing information that Paul & Lonny have…. decisions have to be made by them which I have every confidence in.
I have every confidence in them…. they will deliver big time imho. 😊
All I have to do is to sit and hold…. strong hands here.
Lancygeo
Thanks Bob… this is the heading I was searching for yesterday when I posted the following from the RNS 😊
“The Company remains active on three fronts and will continue to deliver shareholder value as and when the opportunity arises within its portfolio of projects."
Vegas
Paname
Ccc
Liveinhope
Hampshirelass
….. you’ve all hit the nail squarely on the head. 😊
Please do not feed the animals as they are not invested.
Any such communication can only drag down your investment.
We, as long term holders, can work together to return this bb to what it once was.
It’s up to us.
I look forward to GRH’s return.
Lancygeo
Looks like an off the shelf product…. just the job 😊
https://www.galileoar.com/en/virtual-pipeline/
Posted below by me 2 weeks ago in reference to MEM’s valuation.
Please note MEM now values each initial Tcf as £3.20 as opposed to £4.00 due to the revised shares in issue.
‘Just looking back over a few posts trying to find some info on possible valuations of what we may have in Morocco.
My very conservative, personal current thinking is we have 2 tcf.
MEMs post below is from 29th June 2023.
‘’Evening, I have put together something that might help a few people understand our possible future valuation as it is not the case that as we discover more and more gas the value will increase in a linear fashion.
Some will agree that a base valuation is 0.4p per Bcf or 400p per Tcf, what is harder to understand is whatever gas we discover after 3-4 Tcf will be worth less.
The reason is that a ceramic factory will pay a very reasonable sum for fairly small amounts of CNG, however once we have found sufficient gas to extract above the sales requirements to local suppliers, we will sell the gas as G2P or G2EUR at much reduced sums.
Hence the figures below might be of some use.
Assuming 490m shares and flat rate (no discount of 400p per Tcf)
1 to 4 Tcf . full value - therefore per Tcf =400p
5 to 8 Tcf - apply a 50% discount
8 to 12 Tcf - apply a 65% discount
12 to 16 Tcf - apply a 75% discount
16 Tcf and above apply a 80% discount
If we found 10 tcf the value would equal approx £27 per share or an M/Cap of £13 billion
However PG has stated his intention is to create a CNG business and sell off the rest.
So now assume we initially only discover 4Tcf and sell off the balance of the field, keeping Stub equity.
Some rough estimates indicate a likely Divi of 55p per share pa, if 15 Tcf is found and extracted over 20 years.
Not everyone/anyone will agree with my figures, but it sure is interesting playing around with the variables to see where we might be.
MEM‘’