Member Info for maestro1

Zumore in dec 18 this will not be trading at 0.8p, thats a fact will be alot higher. Lets wait till JMS is ipo'd and steelmin producing, this will pick up.

listen, they managed to get a partner who is willing to fund 50% and then lend 50% to logp and pvr with low interest rate, to complete project. Now we can put value on barryroe.. mkt totally wrote it off. You are taking about free carry buts it 4 wells!!!

blue eyes go on what do you think is a good deal? bearing in mind logp had no money and we had only 20m to share betwwen all our assets. Come on lets hear it..

Battle Barryroe is a proven field, 2p reserves of 311mmbo. Pvr discovered oil a long time ago.

Tweedlehappee This deal means that barryroe will get into production now. 2P recoverable resource of barryroe is 311mmbo, pvr share is 124m. Mkt cap shoukd be near 200m. Dont forget this resource will increase. They have chinese on board now other licenses may get farm ins... Imho

This is excellent news, the finally can get the oil out, 2p reserves are 338mmbo, still around 140m net to us. Put down $2 per barrel, we should have mkt cap of 200m on barryroe alone.. Funding is sorted, anyone who find oil need loan for development, pvr has got low interest loan.

Mkt seem to not like the deal, sad.

Phoebus But they are loaning pvr the cost for their share till cashflow.. Not bad for co like pvr... Sp falling, really strange...

You and your hard on with liability, do the full equation total assets minus liabilities its near 20m now. Mkt cap 4.8m Good night, good bye... Our opinions differ i no longer want to debate as we are going in circles.

No the steelmin loan has been repaid, wipe that off too the liability.

How is the finances tight, right now we over �2m, non of our assets requires investments at the moment. Like you say �1m of cln, this will eventually get converted in shares at the time of expiry. RRR will not have to pay anything. $805k will be received in april/may and the jupiter sale will be received as soon as they ipo of c.�1m. Jupiter are claiming they will give 70% of their profits in divis, this means our 1% share in JMS will receive C�500k per annum. Steelmin should hopefully be in production in shortly, this will be profitable and value our share more. In essence at the moment our NAV is over �20m yet the mkt cap is 4.8m..

the company has confirmed on numerous occasions the bill doesn't apply to them, i dont know why its keep on being brought up. This is a multibagger..

Magic You wrote "The company has just reported that it had liabilities of �5.3m as at 30 Dec 2017. Admin Expenses and various other running costs were the equiv of �775K per year." Again magic, you know fully well where the majority of liability is from but you failed to show your impartiality like you claim, �1m for the cln and �3.1m for the steelmin loan. You know the results are till dec 17, so thats the cut off, but in feb 18 Steelmin repaid the loan to us and we repaid the loan to our provider. So that liability will be removed in next results. In that regard, just by removing that liability NAV will increase. NAV will be in excess of 20m next result. MKT cap 4.8m, i think you dont have to be an accountant to see its significantly undervalued. Good luck crying about the past.

Ludeck You had a bad experience in the past with Rrr, its only natural for you to be negative about this company. I believe JMS is undervalued at 40c, when ipo true potential will be realised. I dont have any love for Andrew nor any bod on aim, but here i see disparity between the mkt cap and balance sheet, nearly 4 times. Even if they do nothing the company can function with the jms divi while other assets ripe.

How do they expect to raise £7.5m now? Will they increase share capital by 150%. Cln are and was a bad idea they have totally killed shareholder value.

Cgull Andrew today said they expect the full year to show profit for the first time since 2011, in an interview with Zak andrew said he would consider paying out divi after full results.

is he selling here too, not a professional investor. I bet the board are not happy with him. Is the guy going through a divorce, he selling some on RRR too..

Gull Are you the same as Magic, it seems you and him always come in pair, whether here or advfn Joe It doesnt matter who is at the helm this is aim stock, as the moment there is a great difference from the NAV and current mkt cap it just too much. I think there is value here.

Great news the Net Asset Value increased to �17m and we are still trading at �4.8m. Serious rerate will happen anytime now. Three bits of news can lift the sp significantly -Jupiter Mines Listing of 40c -Receive �1m for disposal of our some jupiter shares, will retain 18m in JMS -Steelmin commences production -El Limon repay $800k loan PG sold at the wrong time, he did the exact same thing at sti, they signed a JV with large company and he put 30m shares on the bid. Put alot of investors off. Erratic investor..

"we expect to report a full year profit for the year ending 30 June 2018, for the first time since 2011. When these matters are reviewed for the full year audit, the status of our projects will be considered, and the possibility of writing back some previous impairments as well as of any need for further impairments will be considered." profit for full year, is he alluding to the migori gold project which has 1.2 Moz jorc resource...