Member Info for MTSparky

Haha yep I got sucked into that junk, hook line and sinker !! I think it is safe to say HALO are no WTI !!!..;o)) I have never known a company collapse so quickly. From a potential 70,000 tonnes of copper at £1500 margin to zero in three months !! You live and learn

I can't even begin to imagine where the sp will be in 3-5 years time.

done it, fk it. £20 England win world cup 15/1. Japan in the sweep stake so England beat Japan in the final then HALO relist at £10/sh...perfect ;o)))

There is certainly less pressure on them and these young lads have been brought up through England system. I reckon they have a good chance of winning it ! lets go £20 win

I wonder if HALO might buy some more % of existing assets rather than new asset.

I wonder if HALO might buy some more % of existing assets rather than new asset.

You would like to think 50p/sh or £12m market cap would be achievable wouldn't you. Certainly on relist with just Tullow 101 anyway. If they drill into E block who knows where the sp will go. Depends who's pumping it. Maybe that is the "support" Cochran is looking for. An institutional investor as Ghost says. I dont think Serica news regarding breakdowns and pipe blockages has helped the fiscal support for aging North Sea assets. Also RRE unfathomable low value adds doubt. Cochran may want another asset on the books before re-list add more structure to underpin the value of HALO. The one certainty on AIM is the uncertainty !

Woohoooo WTI own Berg Aukas!! Party time.

With the improvements in Cu and exchange rates Tschudi would turnover £100m a year wouldn’t it? Drains should be cost effective but is there enough Cu in the ground? #hoodwinked

What are the other entities within the group?

RRE have a PE ratio of 0.8x . You would imagine 10-12x would not be unrealistic. On that basis RRE do look considerably undervalued. Maybe check for broker ratings? Maybe work out the value based on 10x then omit the decommission costs? see what that comes out at? Using the same metric for HALO would mean a sp of about 17p based on earnings of �5m wouldn't it? That doesn't sound right !! I suppose I depends when decommissioning will happen, are other asset purchases likely in the mean time, is dilution likely to raise funds, are there ongoing maintenance costs been disclosed like HALO did? HALO have a drill in E block to look forward to also (10,000 boepd proven before I think!). Do RRE have any exploration planned?

you cant really back up any valuations at this stage as we don't know what is actually happening with HALO. We don't know what the earnings are, but P/E ratio of 10-12 is not uncommon for producers (love that word!). Just a bit of fun guesswork while we wait. A quick look around AIM and 3000 boepd should be valued anywhere from �40m upwards? depending on cash position. Its the Cochran and ENGIE factor that needs applying too IMO this company is only going one way IMO and with only 24m shares tightly held I hope we will all get a surprise to the upside of how far the sp goes..;o))) Regal Petroleum valued at �61m with similar production and large cash holding. Price has dropped off though as they are drilling a new hole into existing asset so a bit of risk off selling has reduced the value from about �80m.

..now folks !! Everything crossed we dont get screwed over. Can't wait to see accounts and valuation on re-list. Just hope our holdings can be returned to ISA account. This board will certainly get a bit busier ...;o))

My hunch is that the mine doesn’t have enough ore in the ground and BoD knew this months ago. Tschudi is junk. We have all been hoodwinked!! Proper pump and dump.

LoM 9 yrs on WTI website. Now junk because of water ingress to one pit. CEO bailed out weeks ago. Serious Fraud Office need a phone call IMO !!

I smell a rat with all this sudden decline in fortunes. Surely the water ingress can be pumped out and it won’t ingress forever? Why did this water not show up on seismics? What about other/ new pits? There were lots of new pits planned. Dodgy as F***

Yes Polo RNS much more forthcoming than WTI have been. Unless WTI can drain Lake Tschudi it’s over.

Looks like the BoD have misled us investors (including Orion) for months. Hopefully someone will take legal action if a crime has been committed. LoM 7rs to 2 yrs to zero in a few weeks. This episode takes pump and dump to a whole new level !!

They could easily pick up another 3000 - 5000 bopd from somewhere in Europe with the cash they have already. They would probably choose Ukraine. Must be some decent assets around ripe for investment.

That will put HALO on a turnover based on Tullow 101 of approx. $44m. �2-3 on re-list. Another asset before relist and we could be looking �4-5. All guesswork is my own. This guesswork makes me very happy...;o))) VERY STRONG BUY !!