Member Info for nacho2

True PageofCups, TT not generating that much profit but at least its positive. Ceg have intangible exploration/eval assets valued at 75 mill dollars. Not sure how accurate that is as we don't have the money to convert these assets to hard cash :)

Been doing a bit of research and if most current production licences expire in Dec that leaves Gourdron with over 200 bopd.

Looking at last annual report doesn't inspire renewals unless Heritage petroleum don't want the hassle of changing.

There is no appetite from pi to fund new wells (not least at bahamas). Unless ceg pull a rabit from the hat and welcome a major on board bahamas is a no-go.

We could maybe fund suriname from a funds raise. But likes of uruguay and other offshore appraisals need to be scrapped or on a farm-out only venture

Yep swamp been waiting patiently for this to get back to a better valuation. Still at a loss on paper here but can't see company going bust!

Exactly jettydog, not too much debt either.

Essentially a good company which was overvalued earlier on this year.
Not sure if fair value is closer to 9p than 13 but bought more as long-term stats look good.

Aston also typically done well in China, but with Evergrande property fiasco showrooms there will be quiet for awhile. If Chinese government don't bail out evergrande and let hustlers claim its assets on the cheap sp here may go lower.

And of course chip shortage.

Lookers car sales on new cars down 30% on rns today which may go some way to explain the gradual drop here - if normal and aston cars correlate.

Today nearly every share is dropping.

Redeyemines I opened up money converter thinking the 120 billion you mentioned must be in Bangladeshi Taka. Then realised you meant dollars. Even if it was Taka thats 1 billion gbp of assets Bangladesh are sitting on.

For a lifetime mining licence I'd happily pay all GCM payroll till Sk Hasinas need the coal.

Thanks for the reply redeyemines.

Bought a wee dram of shares just now on basis there is a coal licence, but without seeing mining licence I won't be going too deep.

If NFC and Powerchina agree to develop power plants this will at least quadruple. If GCM can't even mine the coal then we will probably go bust.

Redeyemines do you know more about GCM's mining licence at Phulbari? Is there one?

Its hitting home you may be right about China wanting more coal for themselves. Otherwise they would cut all their own domestic new coal plants.

Yep and fund Bangladesh with Chinese-made shiny new eco power gen tech while taking all their cheap coal.

I'm not invested here. Yet, anyway.
Back in 2011 this company was raking it in.
If power plants go ahead this will absolutely rocket but its an enormous if.

What I want to know is who has the coal mining rights and for how long. To me, extraction of the coal with no new power plants seems logical option for a cash-strapped company.

Though maybe hard for GCM to give up on their golden ticket dream.

- Following the sale of Brighter Foods, net debt was reduced by £26.4 million.

They got 43 mill cash from sale to HUT group. Where did the rest of the cash go?

I would love to be able to value this company excluding any covid devices revenue.

I take the opinion that in a couple of years the current SP will be higher. Though whether it will reach covid hysteria highs of over £1 is another matter.

Gold: Posts are there for me.

Was considering investing on the Xi media drop but didn't. Still think theres a good chance the coal will get mined, the problem is GCM seem to be running out of money, and don't seem to be profitable for past 3 years.

I'd rather have a coal mine than an empty gas pipe. Green ethos soon go out the window when the heat runs out.

When thungela coal mine got dropped from a large corp, it bombed for a few days then doubled. Though it had an annual profit higher than the bombed market cap.

Great research Muck165 - job perks don't look too bad, and hiring always a good sign.

I know they had to lay off workers previously, but thats just how it is when contracts dry up.

I don't see this being boom-tastic because of small margins, but certainly looks like a good opportunity.

Awax I'm not entirely sure but abdx were part of a group who jointly developed a lft - they shipped an initial order to dhsc before contract was cancelled. I assume 85m covered the full contract, had it not been cancelled. As is, I've seen no info stating dhsc paid out or owe 85m to anyone. Though I'm not fully versed on all facts.

Trying to find out why we're up 30% (good problem to have) and came across link below. Free tests for everyone during winter is my take.
Thoughts anyone?

https://www.business-live.co.uk/manufacturing/first-rapid-covid-19-tests-21644413

He said SureScreen tests, which have been partly assembled by Omega Diagnostics in Alva in Scotland, will form an essential part of the government’s rapid testing programme which has made free LFDs available to everyone in the UK.

“The government confirmed the extension of free testing as part of the Winter Plan outlined by the Prime Minister last week

Bought more today as fall looks overdone. Still hard to value a company not making a profit and on potential alone but heh, in for a penny, in for a pound.

Surely Abington and the group didn't get 80 mill from the government?

Imo abdx are a good company that got caught up in the covid goldrush or at least the call from help from the government.

The drops these past two days are not based on much but perceived negative publicity.

I don't see how the government cannot pay some of the money for the initial delivery even if Lord Bethel didn't follow protocol. Lets be honest: it was amidst a once in a liftetime (we hope) pandemic.

With a bit of dhsc love, I see this rising. If the media have their way, it won't for awhile. But a good company nonetheless.