Member Info for MajorThomas1

Yes hard to tell the eventual pumped plateau rate but given that this one well is producing more during clean up at natural flow than than the other 3 pumped wells combined bodes well.

It's being dragged down as there is no appetite to buy at the momemt. Once the news starts to flow that the world's biggest gold miner is spending more than double our MCAP to earn the right to 51 percent of our asset they will come and buy the next spike.

That's right we are in a JV with the world largest gold miner and after phase 1 we will still own 49 percent of their new super mine. IMO, That will mean a minimum 40m MCAP and more likely an 80m MCAP.

Check out today's MCAP. IMO 10 bagger minimum from these levels

GLA and DYOR

The MMs do need to prpvide liquidity. Here they need to provide minimum 7,500 shares to the market. If they don't have them they have to borrow and end up short.

That's when they will engage in stop loss grabs etc. To me this is nothing more than insurance to make sure the Re-Domicile of SDX Canada shares to UK shares is votes through.

No news, MMs trying to generate liquidity, SP fluctuates between 30 and 35p.

IMO all this will disappear, SP will go on a steady rise in the run up to the Re-domicile and return to 52 week highs in the months after.

DYOR and GLA

Simples, someone wanted in big yesterday, MMs bit the bullet and ended up short to prevent spiking SP. Last 2 shakes have been used to fill the order.

Not getting mine. IMO this has Luna 2 written all over it.

DYOR and GLA

This is all down to making sure the SDX Canada holders get good value for money when their shares move over the pond.

IMO you should take a leaf out of my book. Buy all you can get, avergae down and make the most of the rise.

Cashed up, income growing what's not to like?

Exactly, microspic free float and nothing but good news IMO only means one thing.

I am taking any I can get below 13. Current average 11.75.

No matter what anyone says, as soon as the deal with GOT is ratified this will be back above previous 24month highs of 400. Not many stock with the security of ACA offering bagger potential

IMO Average down and make the most of it!

Keep the faith guys. Newmont are still engaged with this and WILL make your investment worthwhile.

They've proved their interest already, as Per RNS

“In February 2019, Orosur received US$500,000, being the first of four half yearly cash payments from Newmont Mining Corporation as part of the previously announced Exploration Agreement with Venture Option for the Anzà project in Colombia.”

And

“In March 2019, Minera Anzà (Orosur’s Colombian subsidiary), received US$240,000 from Newmont Colombia S.A.S., a subsidiary of Newmont, to fund the property maintenance costs in Colombia during the first 6 months of the exploration period (October 2018 to March 2019).

Both confirm Newmont’s commitment to Phase 1, meaning IMO we can expect the drill to start turning soon as part of the US$10.0 million spending commitment detailed in the strategic agreement. "In Phase 1, Newmont may earn a 51% ownership interest by spending US$10.0 million in qualifying expenditures over four years and making cash payments to Orosur equaling a total of US$2.0 million during the first two years of the Phase 1 earn-in period. Upon Newmont’s completion of Phase 1, it may elect, in its sole discretion, to exercise its option to form a joint venture with Orosur.”

The Newmont / Goldcorp deal has nothing to do with timings here. No matter how big ANZA is its small fry to the largest gold miner in the world.

That's right we are in a JV with the world largest gold miner and after phase 1 will own 49 percent of their new super mine. That will mean atletstst a 40m MCAP and more likely an 80m MCAP.

Check out today's MCAP. IMO 10 bagger minimum from these levels

GLA and DYOR

They seem to have hit the sweet spot with this drill in terms of pay zone and well completion.

Given 2p resources of 1.36 million barrels and CAD having plenty more cash for further drills I can see this being transformative to the company in terms of production and revenue.

IMO the sky's the limit this year.

Hard to tell. The pump will increase flow however the well will naturally plateau. Time will tell but should be producing North of today's 385 bopd when pumping at plateau.

Given net average production for 2018 was only 250 boepd this one well will more than double 2019 production and therefore revenues.

IMO, a couple more wells like this and this is £100m MCAP company all day long.

Net production for 2018 averaged 250 boepd so this one well could provide a 60 percent increase in production.

Average sold price in 2018 was $52 /boe. Current oil price $72.

With this trading around its cash position, IMO none of this can be priced in.

Been watching this a long time and finally bought in today. Hopefully good timing.

Exploration update cant be far off now.

This could run a long way if we see a recovery in SP.

As Per RNS

“In February 2019, Orosur received US$500,000, being the first of four half yearly cash payments from Newmont Mining Corporation as part of the previously announced Exploration Agreement with Venture Option for the Anzà project in Colombia.”

And

“In March 2019, Minera Anzà (Orosur’s Colombian subsidiary), received US$240,000 from Newmont Colombia S.A.S., a subsidiary of Newmont, to fund the property maintenance costs in Colombia during the first 6 months of the exploration period (October 2018 to March 2019). This occurred after the end of the Quarter and is therefore not reflected in the Q3 19 balance sheet.“
Confirming Newmont’s commitment to Phase 1, meaning IMO we can expect the drill to start turning as part of the US$10.0 million spending commitment detailed in the strategic agreement RNS.
“In Phase 1, Newmont may earn a 51% ownership interest by spending US$10.0 million in qualifying expenditures over four years and making cash payments to Orosur equaling a total of US$2.0 million during the first two years of the Phase 1 earn-in period. Upon Newmont’s completion of Phase 1, it may elect, in its sole discretion, to exercise its option to form a joint venture with Orosur.”
Expecting good news flow over the next 9 months.

The closing statement seems positive enough to me.

"Today’s news on further targets is great news for shareholders. Cheyeza West and Lumbeta are just two of a number of promising targets which should attract the attention of other copper explorers. We expect many these targets will be joint ventured for further exploration with a number of majors."

Luck, That's just wrong. There may be issues here but cash isn't one of them.

Great RNS - Plant commissioned and a little nod to what’s to come.

"In the meantime, we have made major progress regarding our next phase of exploration and our newly identified targets. A more detailed update on this will be made shortly."

Major progress!

Only going 1 way in 2019!

Something is brewing here. With so much potential news due this could IMO blow anytime.

Don't listen to all the scaremongering about the cash flow and equity raising. The facts are in the RNS.

Cash Position end 2017 was $50.7m
Cash Position end 2018 was $40.4m
Net cash reduction FY 2018 was $10.3m

Assuming, worst case, that the Sea Lion pre sanction spend remains the same then RKH could easily see out another 3 years at its current cash burn without needing to sell off assets or raise equity etc.

And, given that the Front End Engineering and Design is now complete, reducing pre sanction spend and the oil price looks stable, IMO there is no concerns over RKH’s cash flow.