Member Info for munchbox54

Hi nico. I see gas also shooting for the stars. I don’t like PRD because if it’s location and board. I have a criteria and would only buy something like that if it was last resort.

I have nearly 45k shares here and am looking for £2min but could easily get £5,6,7 here.

Really great chance here to make life changing money. Don’t think they will go for the 5k hood but more like 20,000 bopd because there’s so many massive fields up for grabs at big discounts.

You either invest in quality and enjoy the market nico .... or you soread it everywhere.... win some .... lose some and after 15 years of investing neither in profit or loss.

For me it’s one step at a time ..... I’m waiting for this deal ... then will probably invest the proceeds in to BP once market corrects or if they hit £2.50. Quality is the name of the game my friend. Good luck with your investments.

Gildoil. Have you been on the website ? It’s horrendous, my 6 year old could put a site like that together. I think they need to spend £50k and get a state of the art website up.

Having said that they only have this one asset and would require 50k. Infact £5k would do.

This has a long way to go. Unless they make an acquisition along the way this really is a slow burner.

Will be produced ??

Anyone got numbers ? I’m looking to
Invest but want to know how much gas they will produce at the start and also at peak production. Many thanks.

Agreed. 100% there has been. Re-negotiations here and not only that I think they have gone bigger, I think before covid was a £100m deal to add 5-7k barrels with reserves .... I think we are looking at a similar deal to this one WS just posted of 23k barrels and I think they got them down from £483m to £250m.

What a deal that would be for LBE. I don’t think it’s book build going on ..... that will only occur after the deal has been announced otherwise its insider trading and without rns it’s also material news. Here’s to £1.25 today.

Lets go baby. Thank you mms. I’m loaded now.

Just added. Let’s go baby !!!!!

Dana. Looooooooooool. Nigerians don’t know how to use condones mate and waste the water supply so oil n gas it is like roger said :)))

Is I hope they announce it Tuesday because tomorrow I’m going in again with 10k shares. Obviously they won’t let me have them at once so I’m hoping 3k 3k and 4K will do it.

Just had a crazy thought that who is to say they raise money at whatever level yet market will probably mark them up many % on return so it’s all win win.

The wacky number that came in to my head after a dizzy jog around the Dubai Marina is £7 a share re list. Don’t ask me why.

First gas sale contract still NOT confirmed yet.

Debt stilL $484m

Strange They delayed results because of final audit yet publish them without final audit. Like wtf.

Mm.

Can you wake up a little plz.

Iamgold will get 70% of the mine and ORR 30%.

Ggp own way more of their own
Licence. You can’t compare the 2 however there is promise here. Gold rally could push this higher but plz don’t compare it to Ggp

Daveri. Spot on mate. I got fed up with a RRE and sold a bunch I bought at £7 for £11+ but luckily I kept the £17 ones well I had to and they announced the cash offer.

So yes I think when one starts to get fed up .... that’s when a deal is closest.

That a deal has not happened yet.

To think they had targets ready in January / Feb time should have been nailed by now at a cheaper price.

Holding here but can see £1 breached again if no news comes within next 7 trading sessions. Dow dropped 700 today but has recovered. But it’s a sample of things to come.

All you guys on here that say it’s profitable yet is valued at peanuts ..... do you know why ??

Let me help you .....

Compsny turnover $170m + give it take a few

Gross profit $10m ..... like wtf.

Net profit $1m.

So if revenue drops a fraction these would become loss making and that $4m in the bank vanished in to thin air.

Be very careful here. MMS always a step ahead.

Would love to ask the following to MC :

What actually happened with B2 gold and the testing of our ore ? Hopefully he should answer as they have exited and timeframe wise any confidentiality is expired.

Plant deposit ??

He spoke about using the money to put a deposit in a plant, wouldn’t it be better to pay tat sooner than later ? The higher the gold price goes the more they may ask for the plant. If so can we get a Orr-agreement in place to acquire it resulting in an rns.

MC always talks about the revenue mestiza can bring in quickly .... is that still an option they are considering ?

These would be my questions .... it would show how hardball MC is playing and also going forward if we get early production.

Joe kenny.

Excellent post. You have nailed it and have the correct thinking with regards to this stock. This is going much lower .... if you can’t see it then good luck holding.

Wow. Just been fit a jog around the marina. Logged in and the trades show some serious stake building here. Nice to see this bb active. Looks like tomorrow will be interesting. I’m still shouting out from the roof top .... takeover alert. This is a sitting duck.

Already and they only recently opened data room for funding.

I think the penny will drop when they announce a funding partner who will probably put up most of the money.

That will get the sp moving.

To be fair it’s easy to work out the financials ....March April had the dip in oil price but late April , May and June it went back up to 40s so if you add that along with improved flow rates from elcrest I think they will be solid.

Also as H mentioned I think the ANOH gas funding is long overdue. That will be a game changer but with 57,000 bopd currently I don’t see why the sp has not even flinched for many months. This will never get to 100,000 bopd without an offer being made .... with ANOH it gets close to 100k Bopd but either way it certainly should not be mid 50s regardless how good the divi is to TOD. Lol.

The state companies NNPC and NNDC could swallow sep for peanuts and offer the board jobs in the enlarged Company. It’s coming. Just you watch.

Really disappointed with today’s rise. Expected much more to come, I noted the fact 50% of the warrants are allowed to be issued / sold if the sp stays above 55p for 10 consecutive days.

Although I love testers enthusiasm you must understand that gold has gone from $900 to $1950 and Cnr from 18p to 48p.

I can not for the life of me see multiples of 10 here. It’s just not gona happen . Also I feel that gold will peak when we produce but then also retrace very quickly ..... today’s rise shows us that gold will peak quicker than we think and on that note will retrace earlier then we hope for. 18 months from now is too long.

The real gold / production action is from now towards middle of next year. If we can’t track it higher now then the multiples of 10-15 tester talks about are not reality .... Infact we have always lagged the market and I believe production will have us around the £1- £1.50 mark at best.

If they prove up the 5m oz which will take another 2 -3 years then maybe you have your £3-5 sp but by then gold will be lower than today’s price so what now ? It just seems it’s either going to hit the timing perfectly or perfectly miss the whole bull cycle. So far Lady Luck has not been on our side.

I can still remember that feeling at 18p and it wasn’t pleasant at all. MC really needs to back down and accept some form of production from the smaller pits.

Who can remember him shouting “ B2 GOLD tested our ore with 94% recovery “ it was so good they took another sample from another area and that was 92% “

So what happened? Still no deal .... shows that MC is playing hardball and although you guys think calibre are waiting in the wings .... maybe not ..... maybe B2 sold off the plants after MC told them no to the deal terms.

What makes us think he will favour calibre now ?

Honestly our saving grace is the gold price, let’s just hope he manages to squeeze atleast one positive rns during the next few days or 2 weeks just to catch a nice wave up for the sp. 50p looking a tough nut to crack.

Come MC. Ffs do a deal with anyone .... even the locals looooool. They will mine without equipment at all asic of $200. Lol

Stretch.

Once the permit comes through then the game will begin here.

Can you imagine the CEO waking up to see hold higher by $20 again lol. She’s gona be kicking that Ghanaian door down with her bare feet.

Fair valuation before the pour will be 20p so I’m expecting these to double over the next few weeks.

When they produce the a £60m valuation is reasonable making it 30p +

These are all conservative measures and if gold heads up towards $2200-2500 as predicted than 50p is very achievable here at production.