Member Info for munchbox54

So we will be getting 4p a share if we have a holding here ?

Absolute steal at these prices. 90% of Oiler’s have atleast recovered 40-50% from lows and some have doubled.

These should be atleast 75p especially with the money they make

Very strange for 10% drop here. Leak maybe ???

Merlon. I agree. Looking at all the buys yesterday and yet we are still down today shows there’s a big seller out there. Also it’s a good job the markets are holding up. Imagine a 5-10% drop in the markets ? Very possible before next leg up ... reality is we could retest 8-9p before we move up also. Keeping some cash dry for a top up but to be honest 9p is my target to buy more.

Cheers H. The link doesn’t work when I opened it. It only shows the headline but I appreciate it.

Since buying in I have seen the different types of people invested and many get upset / angry because they are under ..... I get that , it’s happened to me in the past.

However the following is such that god forbid if BMN ever announce something negative .... there’s that many private holders I don’t think some would even get a chance to log on because broker sites would breakdown.

This is why I have decided not to buy anymore and leave that cash ?? n the sidelines.

I urge some of you who deliberately provide posters to please grow up.

Posters who answer with foul language or thoughts plz grow up

All in all guys respect each other as we are here to make money. Bmn we trying their best and time will tell how good this investment turns out but with hundreds of millions in the hands of irresponsible Numbots it really scares me to think of what could happen.

Only invest what you can afford to lose, BB are designed to debates and opinions that differ.

Plz chaps .... let’s grow up and grow smart

Hoping you can help me out. I’m thinking of holding these until Anoh gas plant cones online late next year.

I can’t seem to workout the exact % of seplat interest.

I read it’s sep and NNPC ..... then all of a sudden there’s shell / total/ Eni involved with stakes.

Who owns what and has there been $300m spent on it so far with $400m left to complete it. ???

Cheers in advance ..... I’m just thinking that they will produce 600mmscf a day and if sep own a decent interest then they are well worth holding on to for 18 months.

https://www.energyvoice.com/oilandgas/north-sea/239302/spending-capital-on-ma-the-exception-in-the-short-term-experts-say/

Although this is probably right on the majority I feel AA has already eyed up his prey and I for one am wishing it’s tomorrow and we triple in price but common sense tells me to accumulate for the next 8-12 weeks and we might strike once all this nonsense is gone and oil is stable.

I don’t pike it when a commodity or stock just keeps going up ..... it’s nit sustainable because sellers will eventually step in. Let’s hope oil holds but I have a sneaky feeling that from 3-5 days ago when it seemed like every oil company was crying .... we are suddenly at levels the majority are happy with n can operate ..... got a feeling them tears need wiping and oil could pull back before the next leg up.

It’s also a shame we have reduced our wells from 7 to 3.

If we have that cash then pushing ahead with production would have been logical but AA knows better than us so we leave our trust with him.

One thing I’ve learnt about Sep is that it never trades with the norm , it’s very very illiquid and sometimes you can get 10-15% swings on thin air lol. Last 5 days has seen a serious rise in the oil price that effects the bottom line here in a big big way. My target for this week Thursday is 62p min.

Oil has exploded past key levels. Can see a nice jump coming in the next few days here.

50k shares. Couldn’t wait until Friday. But when others are fearful comes to mind.

Now let’s see the vanadium get shipped to the US

James0309

I absolutely agree. Although we are biased as holders I must admit my holding hasn’t increased as it should have but will do so by Friday..... only thing rattling me is with everything going on and not to mention SA junk status etc etc I’m really vary of the price / profit ration.

Vanadium is getting $26kg at the moment and we have put this years costs under review with the fact $18-19 is out base price.

To be fair $6-$7 profit margin is very very small and like you said we need to be mid $30s and clear a minimum $15 per kg as profit.

The reason we fell today is because no clear guidance was given for the future costings and mentioning of under review is never a good sign. Let’s hope things return to normal and no doubt with majority of our vanadium going to the US then that $2trillion will help improve the vanadium price .... but I’m just saying .... our margins are too tight currently to warrant our sp to double or gain momentum.

#keepitreal

Wouldn’t want to acquire major debt **

Typo error.

Roughly that’s the personal wealth of AA that has vanished along with our funds with many who bought at higher prices. Now that’s not to be messed with.

I really hope AA strokes soon. Personally I believe he has his target in sight ... but I would prefer no suspension and a simple acquisition of 5-6 large Exxon fields that are producing for $400m or so without much debt.

Every oil n Gas Ceo knows what debt can do to you .... I have a feeling AA who is in theory nursing a £60m reduction in valuation would want to acquire major debt.

A nice clean sweet of decent fields and it avoids the horrible 5month + wait .... perfect.

Also that gives us the chance to move our money around.

HALESPUR. Thank you for clearing that up mate. I appreciate there’s trolls on here looking to knock us down but that was a genuine question. Immlooking to add 100k shares in 2 x 50k trades hopefully this Friday.

What is the monthly cash burn of BMN plz anyone ?

Looking to invest further as I have small holding.

Looks like they added the draw down faculty $20m in the year end cash so technically they have $14m of their own cash in bank.

Will we need to raise more cash ? I’m just trying to workout if there are any negatives out there.

Just stumbled across this. Looks like payments been stopped to KRG. Could possibly have effects if Iraq goes for bailout.

https://oilprice.com/Energy/Energy-General/Iraqi-Kurdistan-On-The-Brink-Of-Collapse-As-Oil-Prices-Crash.html

I don’t care lol. Just giving you guys a heads up after all your the ones moaning not knowing what AK is or isn’t doing. Thought I’d help your frustrations but I guess not.

https://oilprice.com/Energy/Energy-General/The-Oil-Nations-On-The-Brink-Of-Collapse.html

Gives a good indication of the Nigerian state of affairs.

Olda, Good spot ... however she doesn’t fully take over until June shareholder vote but something tells me that sqz have something on the horizon and the June / July time is probably about right to get deals done.

I think looking deeper in to the financials ... it wouldn’t make sense for AA to make an acquisition yet with markets and oil so volatile, he’s probably happy to sit and ride out this storm which could effect rre if oil price stays low longer term which I doubt.

Looked like at one stage we tanked down 7% and close is saying 1% , it’s a good job I don’t pay attention to the daily movements but I’m now thinking of using the spare £10k probably next week to finalise my position here and wait 6-12 months to reap the rewards.