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Testing can increase 100 folds, as long as they are not purchasing GDRs' kits, it is not relevant for the PI here.

Sales and contracts needed urgently...

At the moment the sp is where it should be imo, 0.004p for 1m revenue.

I would prefer it higher but for that succesfull drillings must be achieved.

Some math:
Average price forecasted at 65$/barrel for 2021
Low production estimated at 30k barrel of oil (without drillings)
Revenue = 30k*65$= 1.95m$

So if we re generaring double of the revenue, sp may spike to 0.008p, but imo I aim for 0.006p

Now we just need to take over the producing asset to expect a re rate.

Would i be wrong? :
- selling price £10
- monthly production based on increasing to 80k per day or 1m per month for an 8h shifts.
- turnover conservative: £10m /month
- production capacity up to 3m per month = £30m turnover per month.
- let s say we are projecting until december = £60 to 180m....

Now the test is sold to the french NHS at 42euros...
Will be the price of £10/test correct?

This might be the reason: what I remembered when i met with him last year, he was telling to the pi he had enough cash for the geophysics and maybe the 1st 2 drilling. A placing may happen soon and pi are worrying? + mms playing game Whatever the reason is, I agree this is way too cheap shares Best

Imo that is what he would like to do:

https://www.ogj.com/articles/2019/04/occidental-bid-for-anadarko-gets-10-billion-commitment-from-berkshire-hathaway.html

Expecting some drillings in q3/4 hopefully, renegociation first of the senior lending facility in order to use those funds for drilling . I agree with the idea it should done a lot faster as at this pace electric vehicules will have replaced the actual market.. About the placing, i do not think so, maybe i am wrong.

True, I have been too optimistic with RGM last year until someone answered my post(maybe you zumore), and stressed the fact it was revenue figures and not profit. Well, I thank that person as a big loss has been avoided.

That is a great post, your opinion and explanation are constructive. Thank you.

Best,

gglad i was not invested here anymore! So cash burnt and production cost high that made the mine not profitable at all!

I do not get how that can happen

Wht happened here? Last time I sold my holdings it was at 0.5 and 0.95p?

Did not follow up afterwards. Could someone explain me?
Thanks.

When are they expiring?

Price of shares I bought at the bottom in Bzm 0.17p, and now averaging up, this one is going to be crazy! This will spike strongly at 3p. With the feasability study or Jv and we see 10p, I will be one of tje happiest investor with a return of approximately 50000%.

From 0.55p to 9p it will still be 1500%.

Here for the long term, and the assets Bellzone owns are just phenomenal!

By producing 2.7m$ per month or by targetting a small 25m$ in 12month, i don t think the loan is a big deal...

Mcap is 3.76m£. On positive estimation in 2months Rgm will have generated 5.4m$, or a bit more than the mcap. Is the loan an issue? No as it could be fully repaid in november.

https://mobile.twitter.com/Thefren53324759

Good comments. He is questioning the drilling company.

Good morning, At the last meeting, did not David mentioned he had enough funds to do the first drilling, and then he will have to do a placing to raise money? Is it not for that reason the so is still low even though assets are great !!???

Imo this will finish red today. This is good news but how I understand is as long as the 2nd power supplies is not set up the license will not be given. On top of that those are new conditions and it could be understood as closer we are to get the license new conditions could appear. Just my opinion, I still remain positive in the award of the license by end of July. Good luck all

I invested on the lows at 0.11. It is a good news, however I think the sp will bounce a bit and drop back as long as we don t have a definitive agreement imo. Once signed it should bag/multi bag :) Good luck lth

- cashflow positive - increase in oil price - new wells to spud - strong management team with strategy in place I would not be surprise at the end of the year producing between 500 and 600bop(low estimation) Now 500bop*60$=$$$$$ Sp is a bargain ....

I am surprised people on this bb seem to be happy. PJ twitting he is increasing his holding, and people communicating this false information. Pml is on my radar however those Rns prove the contrary: a decrease of 800 00 shares From the 2nd march https://www.investegate.co.uk/papua-mining-plc/rns/holding-s--in-company/201803020954415257G/ Rns from today: https://www.investegate.co.uk/papua-mining-plc/rns/holding-s--in-company/201803270929020480J/ Any explanation?

Good company, good assets, good ceo. Undervalued imo. Companie I had in my radar too late However I will invest in in a few weeks as at the moment i believe it has been overbought.we may see a retrace around 30p before taking off(bollinger band are broken plus stochastics nearing 80). Good luck PI

Hello everyone, Do you have any idea how long does it take to complete the geophysics to better know whereto drill? Thanks for the help

Happy to hold here. Great news and even greater sp! Time for my top up ! Up to how long a farm out process could take?