Member Info for Longish

Its additional confirmation on the due diligence and the prospect of realising value improved and not standalone

SP is the current value of all future cashflows. Cash from sale boosts the SP not least because you actually have it in the bank

So could get $0.7 to $1.0bn on sale or additional 50k bpd (50%) from 2022. Either way, valuation to the +ve finally

'Peru should of been spudded by now'
End next week according to the conference call, I think

was holding £300k of shares in Oct 2019 and they are worth £80k today. I am sure he is totally focussed on getting some of that back!!

£300k of offbook trades after the close. Suppose these are settling the lent/short shares PIs were buying today?

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=GB0001500809GBGBXSTMM&formName=frmRow&upToRow=15

70 blisserer

LoL $1.4bn for the whole project. Company net assets $1.4bn ( bid 100p for the lot)

I guess the gov $27m contribution will be the tax on TLWs share in the FDI, whichever deal they are currently doing to announced in March

'old news that'
..on the conference they confirmed this included so no revision to published numbers

4th March possible drop out of ftse 250

Shorters would like to get a penny but live in fear of a bid at any moment and 100p+...who knows..?

You mean the late offbook trades between 16.49 and 17.46
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=19&pageOffBook=0&fourWayKey=GB0001500809GBGBXSTMM&formName=frmRow&upToRow=-1

Tornado, thanks. Bought a few more today @52.6

'Will hit 48p if current downtrend continues.'
Think 3 march is date for ftse 250 constituent. Anyone confirm?

Total assets less 2019 impairment c$9.1Bn
Current liabilities (c$1.5Bn)
Liabilities>12months (c.$6.2Bn)
Net Assets c$1.4Bn

So $1.4Bn net assets compares to Market Value $0.7Bn ie SP is currently 50% discount to the fully impaired assets!

All estimates imo

Agree, but that wouldnt be for more than 3 years starting in March. Given the market punishes debt holders, the cash from sales will squeeze the SP up

So they sell for $1.4bn and pay some tax tba in March?

'Bet they go with an internal recruitment'
They dont need an industry heavy hitter. The cfo has good industry business development experience and understands the finances. I would bet on him if its internal.

60p is the industry average PE. If it stays lower beyond march then its a candidate for ftse250 relegation. Think maybe 46p would do it. But the assets after impairment, due dilligence on inventory and reserves plus functioning management team and fcf says net asset value is 90p. Then add guyana, peru etc and a ceo, could easily get back over 100 imo