Member Info for NicetoMichu

Beyond our invoices continuing to get fully paid in a fairly timely fashion, which is priority 1; it's a lot about latest colour on future debt plans for me. (paydown and or grow out for Niger progression or potential new asset acquisition etc.. and especially latest expectations on re financing) Obviously new business opportunity progression for existing Nigeria business is of much interest to me too.

CB would drive a hard bargin for any potential - full- company sale imho spacemeonkey.. or indeed any constituent part ..
(And he's good at driving a right 'ard bargin i'll bet :-))

i have no doubt that he thinks 4p for all the assets xtr has is a complete and utter nonsense.. indeed he may well think 8p for the lot is a nonsense .. so no sale of xtr of bushranger in 2021 at very least is my guess..

Generally, he's just got to deliver bottom line like he expects our assets can and this share price will sort itself out readily enough.. he has been very slow to do that so far but is getting there bit by bit, semingly..

Fair question Tam. I sold down a couple of tranches of my core holding yesterday and am now trying to figure when I'd look to add some back to it and indeed as my trading pot here has had zero left for weeks now I also feel the need to add some to it too. (Generally, it's far more when than if I add some back btw. )

It would be very useful for this share price if the remaining Phase 1 Assay results were better than yesterdays and I think theres a decent to good chance of that. And I do think the IP survey gives much hope for generally progressive phase 2 assay drilling results, which will act as a more general shield against further meaningful weaknes here. I also think that there is the potential for plenty of good news - in various shapes and forms - from across the Africa assets over the coming weeks and months too that can assist in rallying this share.

Granted, drift down is a concern for me in the short term.. and I see a small towards medium chance this goes under 4p .. and I'd defo. add some back there if it does.. if no I'll happily add some back in early to mid 4's too in June. Of if some claerly good news is released soon on whatever that drives a rally here I expect I'd be a buyer in that rally.. (I'm happy to pay a bit more if clear rally driver news is released )

CB lost credibility with todays assay results and his RNS release delay manoeurving on top, but at least recognised that in figuring it's now time I introduce shareholders to real experts who will take this programme professionally forward, while I focus on the very high level oversight - including sundry strategic aspects which he's good at too - from here. This is a good thing towards optimising chances of success in phase 2 imho.

Fair play to you for all the questioning you do here Agadem. And the points you make that underpin your annoyance are, in plenty of ways, strong ones. But a - nother - push back if I may :

In my mind AK sees his II backers as key here - and ALSO the Nigerian Government and Nigerian Banks, who are closely aligned with their Government I expect too btw - and so assuming they have serious reservations about overall progress here so far may easily be a weak/dangerous assumption imho. AK may be easily be well aligned with key II's here on the evolution of save.l over the years - the funded a chunk of it after all - from a small cap Niger oil discovery play into a now very big and significently revenue generating West Africa focused Energy business. Alnd to me, while not explicity stated, the major acquisition of Seven assets in Nigeria changed the overall strategic priorioties here significantly by default, and in a fashion that's far from unreasonable (in my mind anyway).

Granted the overall share price performance since inception has been disappointing, but the things you guys are asking for asap may well involve large additional expenditure - akla borrowing /raise etc - that are big calls and if exected poorly - including in an untimely fashion ..eg a pipleline for getting meaningful quantities of oil to market - could be detrimental to the share price even from current pretty lowly levels. (16p is a lot more 6p I do btw note) So, again, measuring a number of times before plunging in generally has much merit as a rule imho.

I found that interview a worthwhile and interesting watch/listen. (Thanks for sharing link JDAU ..and other(s))

Plenty of grey alongside some black and white in this fluid and dynamic Bushranger programme, with more twists and turns to come, no doubt.

I too am pretty hopeful on - somewhat - better grades from hole 5 and 6 ..and that would be very useful to give the share price a nice reason to pep itself up somewhat.

Generally, I think progress in this Bushranger program is altogether solid so far, more than the spectacular that some - including perhaps the one and only Mr Colin Bird himself - might have been thinking /hoping for a couple of months back. But solid is ok by me at this still fairly early stage in the journey.. and the path of this share price since the inception of Bushranger engagement has been broadly understandable and not unreasonable in my mind. (And the more I play the AIM game the less dumb I think Mr Market is)

PPC is making good progress in adding gas production at a time when the price of gas in Argentina is performing very favourably indeed. That is good news.

There are pleny of further resource production grow out plans for the short term here too.. including a strong focus on additional oil production, the price of which is currently strong. That is good news

Paraguay JV agreement sign off delay is only very minorly frustrating for me, given that any drilling is not planned until 9 to 12 months out from Summer 2021 anyway

We'll have to wait til later this year for overall production output numbers including average daily breakdowns etc.. that's a pity and always a bit of a concern (could have already given some indicative colour on this at least )

Altogether though, I see a reasonably strong case for saying this share price is too low around this - 2.25p- level around this time.. and I hope the market will soon enough agree with this view.

(The machinations around Atome I won't even semi look at getting my head around.. as I feel I'll quickly end up banging said head against a brick wall )

He certainly is the the one and only Mr Colin Bird . I like the guy, especially as he's a have a go hero, but fully understand he's definitely not for some/plenty... especially the feinthearted

unsurprising - in the circumstances - results to me.. somewhat disppointing but decent still imho.. and many twists and turns to come here still.. and I listen to Iceberg and so find his words this morning useful

Some weakness in s/p from here understandable.. but I'd add back some previously sold - the last of my trading pot I sold in mid 5's and I sold a couple of tranches of my buy and hold pot first thing - if goes under 4p.. hopefully it doesn't and of course it may not .. the overall value of the assets including plenty of value in racecourse too here makes 4p or even 5p plus readily justifiable here at this time imho

Thanks for the feedback Andrew. Relative to hole one, the grades of the rest would have to be much lower to have no chance of conmmericiality of some shape or form going forward imho.. So for eg “ we know the grades in these porphyry’s in this area are between “0.25 and 0.45%” could be too optimistic a statement by a fairly decent degree and we still have a reasonable chance of commerciality of some shape or form going forward..(an eg of one of many 'grey areas' that I see)

Btw, one thing i should have mentioned in my last post is there is - as mentioned by plenty of others a lot already here, in fairness - a chance CB is in some sort of negotiations of some shape or form around this time.

And so that RNS that Ella is predicting ? tomorrow.. or just soon(ish) even.. could be to say Xtr has been sold lock stock and barrel for 15p for eg (fine by me) Or j ust the Racecourse assets has been sold lock stock and barrel for 8 to 10 p for eg (fine by me too)
(I'd give the first a one in fifteen chance of happening in May or June - at whatever price - btw and the second a one on eight chance of happening in May or June..at whatever price)

Interesting and good post Andrew,

Re:

''but if he has mislead shareholders, then its game over for CB here imho. No one will believe a word he says ever again''

I just don't see it as black or white as that. There's a sea of grey in between.....there has been so far and will be going forward for a long time yet.

For Bushranger: much greyness In terms of what commerciality is for grades and/ or for an overall business proposition.. whats succees and failure actually could be defined as .. etc.. and phase 2 will happen, whatever .. and there could be many good /bad/indifferent outcomes within that that change the equation as we go .. it's an ongoing dynamic..

Beyond Bushranger: Manica will hopefully start to deliver soon enough in various shapes and forms.. and Africa copper is another ball game too.

Is it not just the way AIM, almost ad infinitum, is.... that share prices are prone to ongoing downward drift when 'important' news that is expected and continues week after week after week after week ...etc... , without explanation, not to drop.

If this assay update RNS doesn't drop this or next week for eg and still no explanation is forthcoming, this could of course tick on down into the low 4's imho.. it may not and hopefully for us longs here it doesn't, but, alas, it could of course.

Well said Drichi.

Surely after the years of pain towards getting this company into now - at least - somewhat solid asset base and trading performance... and having at least interesting future develpment plans laid out too - even if they were to be only half delivered to going foward - this s/p can make 4p +

Given all my O&Gers have risen punchily with the tide in the last 12 moinths, to me the rise in PoO&G accounts for a rise from 1p to up to approx 2.5 p in itself here, whatever.. so even including almost zero trust/belief in Mr Levine, the market must be able to find 1 or 2p for ppc.l centric valuation from somewhere: This company does - finally now - seem to be in semi decent shape !

Also Mr Levine has charged 'punchy' interest to ppc.l for his far from insignificent lending to it over the years .. he might argue it's such a basket case that he deserves such a punchy interest rates and more.. and in fairness to him i'd agree and say not just more but much more .. indeed if you were to look at the amount of money spent by ppc.l over the years versus the nett profitability achieved in total so far I'd argue that unless there's a huge strike in paraguay at some point in the future this company should be lent to at a rate of interest punchily higher than back street loan sharks levy :-)

Come on webis, time to wake up again, please..
6p plus and I might top slice a little.. but patience might well pay off very well indeed in the end here
(no harm doing a bit of range trading alongside buy and hold here, if you like the flavour of that game too, I say)

Peter Levine is better than Stephen Sanderson granted.. but that's comparing awful to appalling.. there are say 200 ? O&G AIMers out there and Levines and Sandersons value destructions are EPIC even by comparison to the average of the cesspit that is AIM O&G ! ( 80p plus ? to 1p here ??!!!!.. but we're back at 2p here now .. yippee)

Resorting to bullying by calling others idiots is so often the way of the bulls on these boards where the s/p is doing exactly the oppostite of what they're hoping for and when others post obvious reasons for this ..etc.. It's that omnipresent from the bulls/uber bulls who are generally endlessly wrong on AIM that I'm so bored of it

Ps; Give me a tiny by comparison to UKO&G spike to 12ish p ? back in the day- where I cleaned up, fortunately - spike to say 4 to 5p ish here and I'll happily jog on... in fact I'll sprint
(And finally, I'd once again be a buyer of UKO&G if/when it soon goes back to around .10p btw .. it's as good a range trading share as it is a badly managed company imho)

To avoid claims of sexism Zeppo, I'd offer testickles OR F+nny !

Apols Mullins.. most bosses have deep pockets, so fine by me if you top up say 50k gbp today to help this on its way to 10p !

Way to go Mullins ! ( you can practice away on your 8.50, 8.75 , 9 etc without your boss looking over your shouder in an annoyed fashion :-) )

I just topped up a little at 8.30.. rude not to .. tried for 20,000 and 15,000 and wasnt given a quote .. then tried for 12,500 and got 8.30 quoted - on braclays stockbrokers - and took it... might add a bit more soon ...if this moves on up from here..

I'm hoping Mullins isn't still in bed. ( He's better than that generally I'd hasten to add )