Member Info for lsetown

Do you mean the 'risked' price?

Two chunky 635,000 buys after hours.

Pizza Express are closing more shops.......

They have circa 10 million share options from 6.5p.

£400k up so far.....

They aren't taking any money for wages - only shares.

The repayment of the Shard loan via equity would probably have been worse. At least now Cameroon is still ready.

I agree it is all a bit deflating though.

A few months back I seem to remember a post from someone stating that they took part in the previous placing. What do you have to do to get on the placee list?

As far as I remember that CGT liability is nullified if the Carry becomes 'irrecoverable'.

It will be irrecoverable if the Navitas-type deal goes ahead (with or without Navitas), so I sincerely hope Rockhopper will get it removed.

Because we may soon only be 30% holders in the NFB, anyone interested in the whole project will need to consider the other 70% holders before committing money here.

By the way I do like this company very much. My dreams are the problem.

I had a dream a few weeks ago that I won £20 million on the lottery. In the dream I rang JA up and we met and I invested for 50% of Cameroon.

Lol.

Anyone notice the graphite flake in the first presentation has white flecks in it - so I guess with impurities.

The second presentation has a flake that is all black - so I guess it's nearer to 100% graphite. Someone has learnt what we are after!

I do like this company, but I really hope the results are good. Any time soonish isn't it.

Interesting - yes I'd hope FIG would own this information too, but I know from experience that even though third parties may 'own' some data, they often don't have a copy of it.

The wind-down costs are not quantified and we would probably run out of money if that happened.

I reckon FIG should offer Harbour two choices:

1. We will offer significantly reduced tax rates for Sea Lion, but you must go ahead with it.
or
2. We will not renew your licence.

The family own half of it and are intrinsically involved - they will have a keen eye on this.

I have high hopes here for even a 10p dividend from 4 years time - it would be a lovely pension-type return.

It is a great advantage to have a company run by entrepreneurial and significant shareholders. Too many good companies are abused by new found management.

8 years later ....
Is this any good?

Don't hold here but am doing some research today and I like it so far.

It looks like there could be big upside in resources, especially in the next drilling round. But I can't see them mention anywhere how they plan to get to production. Are they planning to prove it up and then sell?

Just came across this company. I like it - it looks to be at a good price for the current production.

Production is supposed to slow after 2024 and it wasn't clear to me from the presentation how exploration will fill the gap going forward. Anyone know what their expectations are on future production levels past 2024?

In their first presentation I think they mention production of 25,000 tonnes (with upside) but I can't see this explicitly mentioned in the second presentation.

Anyone know what they currently forecast for production here?

Latin America includes Mexico but not the Falklands:

https://en.wikipedia.org/wiki/Latin_America

Linda was probably thinking that the Falklands are in Latin America.

Just joined here as I really liked the pitch by the CEO and the presentation.

Now they have a market cap. of £40 million they theoretically could raise the $50 million needed to develop this (should the exploration go well). Although it is more costly now to buy-in I do like that fact - they aren't struggling for money and have the £6m for the exploration in the bank.

I just hope the Tanzanian government is sound and not prone to changing things.

Yes, I thought much the same as you. They have some small pension liabilities that would be helpful to remedy and they want a larger cash buffer going forward to offer more protection. It also wouldn't be wise to dividend during COVID upheaval - even though the Furlough cover, Rates relief, VAT relief and now grants per shop are applied and are very helpful.

I like this company and have bought quite a few and could imagine that if all things go well they may well dividend before 2024-25.

I would be surprised if this changes the course of our arbitration. I see it as more a case of Italy preventing any future proceedings by other companies.

Yes Monte Grosso is a dim and distant asset - wasn't ENI a partner?