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Im guessing our next Paradox update will be CH vid on twitter from site - all id like to hear is " we are on or ahead of expected drilling timeline and maintain same outlook for 30 days". If its an RNS it means there is probably a wrinkle or 2 developing - unless its linked to other associated infrastructure at Paradox news.
Nope - Just giddy with excitement.
Whilst my aim in investing is to build an annuity income stream - effectively earning "while I sleep", it can all seem a little dull at times but Zephyr aiming to drill a new field into play in the heart of the USA is worthy of tuppence invested as per the Mary Poppins song.
During the current and next few weeks, when I am sleeping, when I am working, whilst I type this missive, there is a motivated, crack team of action mean and women drilling - day and night in an area that hosted outlaws and ne'er do wells only 150 years ago. Truly exciting if you stop to give it a thought. So whilst there is no news I am thankful for the privilige of being able to be a part of this and may even break out some Country music as a backdrop to enjoying the wait - who wants to feed the f*cking birds anyhow!
Ian
There is a space, a window of time, in which your hypothesis fits and as such it is one view of what could happen but as with all nefarious dealings, it is hard for us to see what is the wood and what are the trees.
If they are going to push out a takeover here, we should find out soon - all that hard work of dropping the price could be undone by the drill bit in the next three months.
Personally t/o or drilling - this share price should rise in the medium term imho.
Frog, but in responding in kind you also look like a rude person to those outside the dispute. You are allowing GR to decide your approach if he is the poster drawing out this response- in the last few post youve used abusive and insulting language yourself.
My summary of the last few hours - Investor shares his workings and extrapolated forecast relating to the financial hydraulics of this company and its share price. Then with polite language the most astonishing and blatant condecension to this sharing, attacking (via sharing their view of them quite literally as children!) the person and the attitude rather than the maths and the extrapolation. Then they are asked to respond to the maths and Kalan says this request to respond to the maths is bullying!
Come on. BB we share views, research, its up to the reader to put their risk / negativity / realism filters upon what they read - they can even share it for good BB contributions.
Play the ball and not the man.
Posts representing both ends of the spectrum in the last few - I would suggest we are somewhere between-
Yes the assets have reduced somewhat since end March, but the discount to NAV is still large. Hence my positivity around the share buyback scheme.
In terms of who would buy - 1 do people think assets are going to rise? General view is there will be a run up this year / next year. 2. The business is sound with staking returns moving sizeable cashflow back to KR1 for buybacks and investments.
Personally I remain a buyer here.
I agree with posts overnight, the processing offer to smaller miners is superb - other than the small miners, the biggest fans of this will be the government as it allows local owned miners to start up with less capital (you just need to dig) and in doing so takes away the positional power of the MNC miners. That goodwill should see our future expansion green lighted for future refining capacity and adjoining territories will be looking at this with great interest I would imagine.
Hi Kalan,
My best wishes to you and your other half and obviously hope all turns out as well as it can do.
In terms of JLP SP entry points etc, imho, sometimes if you've identified the right bus, its better to ensure you are on it first and not worry too much in relation to what seat you take prior to that.
Wish you well,
NtD
Good Morning. I thought I would just add - even if Leon is "just an engineer" and focussing on technical envelope stretching to the detriment of anything else as suggested in the postings, this should not become visible to us.
So far the CFO seems to have enabled a structure where there are seniors very focussed on not only growth but ongoing production. The next stage of the CFO job is to maximise those streams - build a communications process that ensures the dull things to hit targets are highlighted, made visible and given owners who feel accountable in the process so they get done - each quaarter the revenue and profit challenges are addressed via this process. If you havent rolled this type of comms out, you would be amazed how effective it can be in focussing a large team and driving a business to close out elements that lead to maximisation of financial performance. This should allow Leon to focus on the horizon and where we are going - something I think we would all agree he has a knack for.
I really do think that the CFO will make the difference here - businesses are team efforts and often financially perform despite a founder / CEO alleged frailties in certain areas.
I bought in at 2p sold all the way up to 20p+ and then caught mutliple falling knoves on the way down - however they were my calls - i didnt do it because of any rampers or noise. I did it based on my belief in copper strategy and cobalt giddiness/greed - my greed, my buy, my mistake - lets not use this protecting the innocent guff here - everyone should be wearing big boy or big girl pants.
As to bullying Bushy, come off it - he may have been right in the price action for a while but he was the personification of obnoxious, took great delight in dwelling on holders pain here and to add to that he insulted the board or specific people in almost every post. A truly toxic individual indeed. There may have been some tat from some LTH but it very much followed the Teat posting first.
When folks state opinions as such and their views without laying false history and without needling others this is a great board, great knowledge, differing views levelled - I hope this can continue into the future. I think holders always tend to big up a stock - thats why they bought / hold. Non holders who regularly post - thats odd and if they post to bend to the negative, its unsurprising that holders view that cynically and dont give the benfit of the doubt.
Looiking forward to closing out my knife catching act when we fly over 20p again.
I agree SteJSteJ, If revenue was the option we would sell the existing concentrate. I had assumed that in doing so we would either break sanction or pop our head over a parapet somewhere - but maybe our hand has been forced this way anyhow.
Equally it seems odd behavior for a buyer to ask - perhaps they will only buy an asset that is already producing ie needs no development costs or time.
I don't post much here whilst we are in hideout and wait mode from our boards perspective. I do find the clearance going on v interesting.
- are we readying this in kindness to a prospective buyer, pre buy?
- are we looking to gain a revenue?
- are we producing for a local agent forcing us to do so on threat of asset expropriation?
Very unusual to have no idea, but then again this is a very unusual share position. I remain cautiously pessimistic - still holding the shares on their cost price (with a huge loss - average of 22p) but the light at the end of the tunnel seems a long long way away and is flickering at best. How long can this continue in its zombie form? I suspect not too much longer - as time goes by I feel there is more chance of losing asset and less chance of a purchase. Interested to gain other long term sufferers current view.
I will provide a marker to be lambasted - 2,000 BOE/day - on the bigger side of things.
Hi Adon,
My guess is they will hedge a majority of the non-operated cashflows. The company is reliant on this inflow to plan and drive Paradox (and any other) activity so having more certainty on this element by removing the speculative pricing element allows them to plan with more certainty their future options for Paradox and any new acquisitive goals. We will find out soon.
Heroric, I see the point you make, but I read the strategy as providing a refining service - not entering mining.
I also feel that focus and accountability/responsibility which you also raise, is where the CFO and the new country structure should become more of use. With clear lines of responsibility, the day to day on each element can be kept away from the new development ideas and as such hopefully not be a distraction - clear goals for farmers and hunters etc.
Personally I am very pleased from afar with the structural part and the increase in reporting. If the CFO is to be effective, he needs to drive these structures and the reporting within them - so far so good.
Thank you for the new broker background - very much appreciated by me, who was wondering about the significance.
Unfortunately I think Heroric is correct in that JLP layers news and timeline in such a fashion to not give a clear view of progress. Until copper is running and clearly stated, we have limited rise from any heavyweights. In terms of us holders already in the mix - most have taken positions and intend to stay put. New PI's however will look at this board or others as a final check prior to investing or not. Since the exit of BT, we haver had great discussion dialogue. Last nights distraction aside, this is a really good board at present and reading it gives a really good summary of JLP.
My summary - First Entrant lead on strategy driving an incredible growth opportunity, a good way through development with an average to poor roadmap view linked to a quite terrible style of communication.
Perfect companies dont exist (I am tempted to say like women but have not for the record) and if they did they would be priced out of our league as a result. So you have to weigh the good with the bad - Massive, massive massive enormous potential and relatively stable underlying cashflows allow us to remain solvent but a bit flaky. I dont like the flaky elements but overall there is no ay I am selling out at this price / this close to copper fruition (allegedly - lol).
We might not like it but this update is the reason sub-saharan Africa based business can be so frustrating. If it isnt admin issues on permits and customs (and they are usually based on the systems the UK put in there before anyone thinks we in the UK are better) there is a local official holding it till he can become a "facilitator" for you in securing a release of the product. 6 weeks is frustrating but I dont intend to sell so looking back henceforth it will be forgotten I hope.
I set up a business in Malawi in the 00's. Used to feel that I lived at the customs office and the airport at times! Once had 2 trucks of salt held at border for 3 weeks but absolute worst case was a charity I supported. An enthusiastic donor had visited and I had taken him to my factory where he had seen I had a buy a bike initiative for employees -he wanted to do this for wider economy so he arranged without my knowledge for a 40foot container of donated 2nds hand bikes to be delivered to the Charity from Australia. 8 months it took to get through clearing this. In short no matter how "on top" of things you might be, or who you know, anything like this can be a mighty mighty pain.
Apologies for over sharing.
NtD
What is each persons low threshold for a bid - not that we will be the deciding voters i am sure. I start at an unhappy 30p but wouldn't see it as anything other than an opportunity missed till we got above 50p which I don't see happening at all via takeover, but could be us in 3 years easily if it all went well.
However I would really prefer to see this grow at least 2 - 3 years more, before any sale. Remember a recovery in Cobalt pricing and quickflash we have another processing stream with melt your face profits (and if I recall correctly we already have a large amount of Cobalt riddled spoil in our name). Now if that were to happen we are 100p plus - the stuff of fantasy most likely but the levers are there to be pulled if the right market scenario hoves into view.