focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
We can only presume that they have moved to circa 20k bopd as of Feb 1st otherwise we would have been notified as stated in previous RNS. I am actually reassured that they have not felt the need to confirm this to settle things after yesterday's mauling. If this has indeed happened, whilst they won't be happy with the sp, they will know that value will follow this operational success. The mc is far far to low for the cash flow being generated at 20k bond.
Well Buzzyboy, bet you wish you hadn't posted. I'm grateful though, it was well intended given the current situation. Simpler life in SM me thinks.
I wonder if that's the excess that the FPSO is unable to accommodate. Any ideas how much water the kit should be able to clean and dispose?
That's new information to me......how realiable is the source through your work. At 13k bopd that's 2% and at 20k just 1.3% which is well under what's been discussed.
Agreed, fantastic appointment and brings back the proven partnership withJM. I expect good news flow in 2020, upgrade in reserves Q1 whilst assessing and picking off the opportunities that are becoming available in the area as the majors leave. Plenty of scope to accelerate this from a 15m mcap.
Confidence is low which is why we see these knee jerk sell offs on such news. Huge changes have occurred in Q4, there is momentum and a clearer picture is coming. A reversal can happen very quickly as we have seen in the past.
I have 20m shares in this Company which hardly classifies me as a passive investor particularly just because I don't post that often. It's been a long wait for many but I think we are at the business end of that lifecycle. It could go tits up but I'm not about to cash my chips in due the recent decline, I think on balance it's worth seeing this one out IMHO.
Plenty STH have bought around 30p of late, nice rise last week sold into for some gain and now selling off to protect that gain. I don't think many LTH selling here.
Gutsy JW, bold move and short term reaction probably fair for those that wanted a quick buck. You wouldn't disregard that funding unless there was a significantly improved alternative that has traction. I'm ok with this. I will be tucking a few more away below the recent 0.3 raise.
Revaluation of reserves coming. 15 million mcap is too low, this has fallen to far of late. Value is being created by JM.
The sale of the Italian assets was expected and provides some cash for developments in 2020. The assets were merely an initial foothold for the planned bigger picture which was to develop in Asia. JM thinks big and has experience on a much larger scale than a 15 mcap company. I'm surprised at the recent SP decline to these levels once more, however, I feel it's short term. Director buy at 2.5 just over a month ago. Expect plenty of activity and news flow with this one.
It's about shareholder wealth creation and that's exactly what is occurring here at a reasonable clip. Short term holders today have sold because the exploratory didn't come in, but the main event did.....incredible. Admittedly, a very few can buy back in cheaper but if you are in no rush then todays mark down means nothing and IMHO an ask at 2.1 offers a cracking risk/reward opportunity. I thought as much at 2.35/2.4!
This increases leverage which will know doubt assist JM with acquisition possibilities we know he is assessing.
As advised by others, it's unlikely that Geo will be buying in the open market at this stage to hedge against the deal failing, they simply have the commitment of stock from the disclosed holders.Therefore, what happens to all the stock that's been dumped this week, do the market makers hold these, and therefore very long, until conclusion. If the deal fails, does that not create a huge overhang of stock?
How many have we got....what does the totalizer say?
Come on Hermes, get the cheque book out again, you have not spent 4 months buying to throw the towel in at these levels.
Sold 75% holding on the morning of announcement day at 19.04-19.06, buying some back at these levels gives a reasonable risk/reward punt. It is odd that they are dripping this down though, wonder if there is noise and traction coming through, over and above the pi's, that there may well be over 25% prepared to spit there dummy out!
With the current 3% disparity and in the hope of a new development, I'm buying again, non of my purchases are being shown this morning!
Unable to email for privacy reasons. However I can disclose the 1.3 million I have left and would support.
That will be Geo, they will have been snaffling shares all day, probably grabbed circa 3% to add to the 25% they have been offered. What's worse is they are getting them cheaper than there derisory offer!