Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
adding more at these levels. Another 30k.
We have seen institutions - Goldmans, Aberfour, IKO - buying since the new board were appointed. I would be surprised if they don't continue to add here. IKO at 14.77% interest were increasing in the 80-100s in January. Cash at £145m ish. Cap at £145m now. Any sign of II buying and JP stalling and this will move quickly back through the 30s.
Any views on whether the $45 price will be confirmed? Very Cheap without this, but would be a cracking buy if it was approved.
It's dropped way too far too fast - and business fared better than expected during lockdown. Seller holding it back, but really can't be much longer. Great opportunity at this level for a mid-term hold/recovery.
a lot of cheap equities out there. GKPs balance sheet and assets are exceptional. 1Bn barrels in the ground .. producing 40k bopd. Cash almost covers the market cap. Even with brent at these levels, the OPEX is about as low as the Saudis at 4/5$ barrel. Value play. I would have thought a takeover target too at these prices. High Political risk, but enthused by the March payment and plan for Nov-Feb payments. Potential to be £1bn+ cap company in relatively short order if they can all get their act together and Brent recovers somewhat.
Agree, business valued at Nil currently. They have picked up a few new contracts which is a good sign, but they have a massive order book with certainty of over 70%+ of next year's revenue. Very low risk in my view. Lastest investor presentation makes for good reading!
Mad valuation this. Pro forma cash (and investments) position after disposal was £225m, no debt. Medium term focus on margin growth. £1.2-1.5bn revenue anticipated 2021, with 72% revenue secured. At a time when the UK government has announced massive infrastructure spend.
Who knows. It is valued at marginally above cash levels - asset thrown in for free. Operating costs at 4/5$ barrel, so as long as payments continue to be made, good risk v reward at these levels - even with the brent price at this level. Note that Arden broker note is a BUY and gives a price target at 260p. Gives confidence that the major holders have upped stakes.
With Netbacks at $21.5 for core assets, $45 oil would certainly help! £21m market cap. $3.7m debt and some loans with the Chairman (who has approx 30% interest) and Trafigura. With their assets, should never be this cheap.
It does seem like $45 oil is going to happen. That would be fortuitous timing as has a massive impact on PPC : https://pbs.twimg.com/media/EXfGGXcXkAEmSBh?format=jpg&name=large
Priced at 9p May 2019, this is quite some fall!
Should have said Debt at $3.7m, plus loans from Chairman / Trafigura.
Started buying here the last couple of days. Always good to see key stakeholders with meaningful skin in the game. £18m Cap at current price with netback at $21.5 for core assets. No debt besides the loan from Trafigura and the Chairman. Potential for minimum Oil price at 40/45 from government - helps. Think oil does recover (over next few months) as supply taken out of the market and world starts to get back to business. Welcome views of others.
It's ridiculousy cheap - large position for me. Cannot see the downside TBH. Certainly won't be selling any in the 20s.
Wow, 2.8M late reported shares gone through. Looks like that's it on the sell side?
Volume is welcome - a step towards recovery. Really very cheap here though at current prices. 115p in January was it / large placing at 45p with heavy BOD buy-in. If you believe that litigation will increase as a result of Covid, Ince will be in demand. Regarding Professional Services, those that i've spoken to in the industry have seen no impact to their businesses. Think the market needs to see some reassurance from the company that the Partners remain busy ...