Member Info for mattwales

probably because half a billion shares or so need to be dumped.

then another placing to fund lights ticking over right after that dump and maybe more MNH dilution.

i'm praying he doesnt issue shares for Circum preference shares in their rights issue.

nothing will happen on RHA and ZULA this year and that realisation is setting in.

neil is not CEO he has zero power. GR has it all.

Moljen, it didnt stop him buying $100k+ assets with shares on 10th June.

My worry is he will see $ signs for owning Circum preference shares.

does anyone think GR will double down and buy Circum preference shares in the upcoming rights issue.

With a confetti load of shares free to issue at his dispersal its a possibility.

the added danger is him buying more assets diluting everyone like the 10/6 purchase.

there is no focus on existing assets.

MNH has been a non event expansion, over $1m sunk in 600 tons extra

RHA still a basket case and likely to remain so. If it was profitable it'd be in production.

ZULA likely to be 2021

CIRCUM 2022-2025 by the time potash prices recover

the realisation is the USA is out of control over covid 19.

they talk of a possible 2nd wave when the first wave is still out of control.

it also stands to reason a notoriously bureaucratic Zimbabwe Govt that struggles to function in the best of times will not do a thing with regard to RHA and the EPO process while Zimbabwe is in lockdown.

that means more placing money coming as soon as this last lot of shares has been churned.

bickmaster, the bull**** over MNH go check the prospectus at the stage a month ago expansion was to exceed 15000 tons.

we told it was approx. 10000 tons then clarification told us 5600 tons.

that and the bull**** over the same things in a webinar we were told back in feb/march.

I still stick to my prediction of exactly nothing happen till way past lockdown end in Zimbabwe and probably 2021.

That is all except some melodrama to get the next placing away July or August and another by oct/nov.

It'll be the same tailings, production, I found an epo signoff down the presidents chair, its coming nonsense.

oh and we'll dilute more MNH.

yes but the oil dump from Saudi Arabia on the USA is now in its final throes.....all those queuing tankers on their way back home.

when will oil supply in the USA recover to pre pandemic levels?

what happens to the lack of capital investment for 2020/2021 which should have brought oil projects online 2022 onwards.

i think oil is headed for $100+ in the medium term personally, huge oil deficit coming down the line.

new base till oil consolidates and breaks upwards again.

I suspect the oil build up in USA last week is all those Saudi ships eventually docking and unloading rather than increase of production from shale.

The good news is while OPEC + keeps cuts in place till end of July that's enough to decrease 1 billion storage of oil built up since March around 15% or so.

yes but you forget its USA shale which loses 70-90% of production, a lot in first year.

While they dont drill they are losing production up to 1.8% a week.

so 3 weeks after the webinar exactly zilch had happened.

If they were going to start RHA tailings etc they would have done it back in February/March.

I cant see anything happening at RHA until they negotiate with NIEFF or place further shares for more funding to go it alone.

I cant see this negotiating happening until months after lockdown ends so he has a stark choice place more shares or wait and place more shares anyway.

ZULU - seriously cant see anything happening while Zimbabwe are in lockdown, will be months after lockdown ends.

MNH - Manganese prices have rocketed down at the same time as MNHs non existent expansion.
Serious questions need to be asked for dropping over $1m into this and not achieving any positive expansion.

Circum - Anyone talking an IPO with potash prices having slid and still sliding is clutching at a miracle.
Prices should recover 2021/2022 nothing happen till then as no institutional firm would bookbuild it to flotation.

that investment firm short around 1% will be force to buyback the shares.

everyone knows it which is why people piling in here, that and oil obviously going to keep on rising from here.

well done its now spiking up again because making $450m profits a year and a crazy valuation of $600m doesnt work.

76k production

60% hedged at $57 = 45600 x (57- operating costs 35 so 22) - $1003200 per day
40% unhedged $42.85 30400 x (42.85-35 so $7.85) - $238640 per day

$1241840 x 365 = $453,271,600 profits

yes but they cut costs over 30% from $45 to $35 a barrel.

The profits Tullow are making right now are far higher than back in February when covid 19 hit.

todays rise puts Tullow on a price earnings ratio of around 1.4 wake me up when its above 2.

at this rate as shorters forced to close and everyone piling into oil shares

i'm hoping we repeat Friday.....my prediction 35.75p close....40p+ by midweek as Brent rises to $45.

https://www.livemint.com/industry/energy/saudi-arabia-makes-biggest-oil-price-hike-in-20-years-after-opec-cuts-11591557153396.html